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The entire gold industry is not 
ripe with fraud, but I can tell 

2
00:00:05,600 --> 00:00:09,960
you what to look for that should
ring some alarm bells and and 

3
00:00:10,120 --> 00:00:13,080
really scare you off from 
utilizing one of these. 

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There is this segment of the 
industry, what I call or what is

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known as the premium or 
exclusive. 

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Those are two terms that are 
used interchangeably coin 

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dealers that really perpetuate 
this. 

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So the, the one big thing that 
you just need to, if you, if 

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00:00:28,200 --> 00:00:29,960
you're going to watch this 
interview and you get to this 

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00:00:30,040 --> 00:00:33,600
point and, and you want to tune 
off whatever, if you hear those 

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00:00:33,600 --> 00:00:35,760
terms used by a salesman, just 
hang up the phone. 

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That's it, right? 
Just be done with that. 

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The target audience is 
specifically 50 plus 

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conservative Christian. 
All interviewers have their own 

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00:00:48,160 --> 00:00:50,400
style. 
And my style is to try to get to

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the point and to be intensely 
curious. 

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00:00:53,000 --> 00:00:55,800
And the key to interviewing is 
listening. 

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Take a look behind the curtain 
with a real whistle blower, an 

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00:00:59,280 --> 00:01:01,680
American patriot. 
Prepare to embrace the 

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00:01:01,680 --> 00:01:05,120
uncomfortable truth because this
program has no time for 

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00:01:05,120 --> 00:01:07,560
comforting lies. 
Here is civil liberties 

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00:01:07,560 --> 00:01:11,480
enthusiast, Second Amendment 
defender and recovering FBI 

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00:01:11,480 --> 00:01:16,000
agent Kyle Serif. 
Hello, my friends. 

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Welcome to our Sunday sit down. 
Thanks so much for joining me. 

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00:01:18,960 --> 00:01:22,400
This program, no exaggeration, 
could save your life. 

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00:01:23,200 --> 00:01:28,320
We have seen that Americans in 
this country actually fear being

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financially destitute in their 
golden years more than they 

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actually fear death. 
And so this story could actually

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00:01:34,920 --> 00:01:37,400
really impact you or someone. 
You know, there's a lot of shame

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00:01:37,400 --> 00:01:40,480
and a lot of guilt that is 
associated with fraud and being 

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scammed. 
And this is a scam that is being

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perpetrated by a lot of people, 
some willingly, some knowingly 

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and some not. 
We're going to talk about gold. 

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We're going to talk about 
premium and exclusive coinage, 

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00:01:56,520 --> 00:01:58,640
and I think you guys are going 
to find this quite interesting. 

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This story comes from Dale 
Whitaker. 

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00:02:00,760 --> 00:02:03,360
He is a whistleblower, but he 
didn't just start doing this 

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00:02:03,360 --> 00:02:05,960
like he's been actually talking 
about the gold industry for 

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00:02:05,960 --> 00:02:07,840
coming on seven years now. 
I imagine it's probably 

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00:02:07,840 --> 00:02:09,199
exhausting. 
I haven't gotten anywhere near 

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00:02:09,199 --> 00:02:10,840
that kind of time. 
So we're going to have a long 

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conversation. 
He's going to have all the rope 

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00:02:12,760 --> 00:02:15,360
that he wants to be able to to 
weave the story that needs to be

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00:02:15,360 --> 00:02:16,320
done. 
I think you guys will stick 

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00:02:16,320 --> 00:02:18,480
around and find it quite 
interesting, but we've given you

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00:02:18,720 --> 00:02:21,560
a very good glimpse into it with
the little TS right there. 

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00:02:21,560 --> 00:02:23,120
Before we get started, we're 
going to talk about assets. 

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00:02:23,120 --> 00:02:26,040
We're going to talk about things
that you can physically possess 

49
00:02:26,240 --> 00:02:29,680
that can ensure your safety and 
can ensure your financial 

50
00:02:29,680 --> 00:02:31,960
security. 
Another thing you can do is you 

51
00:02:31,960 --> 00:02:35,520
can actually have emergency food
and you can go to prepare like 

52
00:02:35,520 --> 00:02:38,240
kyle.com. 
We'll just ask you this, If the 

53
00:02:38,240 --> 00:02:40,400
grocery stores went empty 
tomorrow, would your family be 

54
00:02:40,400 --> 00:02:42,160
ready? 
Would you be prepared? 

55
00:02:42,600 --> 00:02:44,920
I trust my Patriot Supply with 
my family's food security. 

56
00:02:44,920 --> 00:02:49,280
We have two of their 30 day, 
sorry, their 90 day stacking up,

57
00:02:49,280 --> 00:02:53,240
filling an entire closet, their 
90 day emergency food supplies. 

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00:02:53,440 --> 00:02:55,400
They've helped millions of 
Americans prepare for the worst 

59
00:02:55,400 --> 00:02:58,320
and they have over 75,005 star 
reviews. 

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00:02:58,480 --> 00:03:00,440
I personally keep the three 
month emergency food kit. 

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00:03:00,760 --> 00:03:02,440
We have two of them, like I 
said, one for me, one for my 

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00:03:02,440 --> 00:03:03,560
wife. 
You can get it right now for 

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00:03:03,560 --> 00:03:05,560
$200 off. 
That's a solid discount. 

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00:03:05,560 --> 00:03:07,360
I think that's about the price 
that I bought it at when I did. 

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00:03:07,960 --> 00:03:09,560
You guys check it out. 
They have pound for pound one of

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00:03:09,560 --> 00:03:12,960
the best options and they have 
one of the greatest calories per

67
00:03:12,960 --> 00:03:15,960
dollar sort of ratio. 
My Patreon supply almost never 

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00:03:15,960 --> 00:03:18,000
offers deals like this. 
The last time I did it was 

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00:03:18,000 --> 00:03:19,320
months ago. 
It might have been almost coming

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00:03:19,320 --> 00:03:21,800
up on a year ago. 
The food gives you 2000 calories

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00:03:21,800 --> 00:03:23,400
a day per person for three 
months. 

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00:03:23,640 --> 00:03:26,080
Tastes great, lasts 25 years. 
It ships free. 

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00:03:26,240 --> 00:03:28,280
The delivery takes as little as 
two days. 

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00:03:28,680 --> 00:03:30,960
They come in there and they all 
load a huge box full of stuff 

75
00:03:30,960 --> 00:03:33,400
and then you guys can take 
possession of a physical 

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00:03:33,760 --> 00:03:35,960
capability. 
Go to prepare like kyle.com, 

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00:03:35,960 --> 00:03:39,000
like you just saw on the screen,
prepare like kyle.com. 

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00:03:39,600 --> 00:03:42,160
We cannot control what's going 
on in this world, but we can 

79
00:03:42,160 --> 00:03:43,440
control how well we're prepared 
for it. 

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00:03:43,440 --> 00:03:46,240
There's a $200 discount right 
now for that limited time at 

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00:03:46,240 --> 00:03:49,240
Prepare Like kyle.com. 
Thanks for listening to this. 

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00:03:49,240 --> 00:03:52,080
I think you guys are going to 
enjoy our Sunday sit down. 

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00:03:52,280 --> 00:04:04,760
So let's get right into it. 
All right, ladies and gentlemen,

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00:04:04,960 --> 00:04:06,720
our guest today is Dale 
Whitaker. 

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00:04:06,720 --> 00:04:08,160
He is hosting the Dale Whitaker 
Show. 

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00:04:08,160 --> 00:04:11,280
He's a tax account by day and a 
whistleblower as well. 

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00:04:11,440 --> 00:04:13,000
Thanks for joining me today. 
I appreciate you taking time, 

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00:04:13,000 --> 00:04:14,040
Dale. 
Yeah, I appreciate you having 

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00:04:14,040 --> 00:04:17,320
me. 
So I, I got introduced to your 

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00:04:17,399 --> 00:04:20,160
involvement in, let's say, the 
gold business because of our 

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00:04:20,160 --> 00:04:22,240
last podcast guest, which is 
Andy Scheckman. 

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00:04:22,240 --> 00:04:24,120
He owns Miles Franklin. 
They sell a lot of gold. 

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00:04:24,320 --> 00:04:25,840
They make a very slim margin on 
it. 

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00:04:26,080 --> 00:04:27,520
That is not the case for 
everybody. 

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00:04:27,520 --> 00:04:30,200
And I know you've got a story 
tell, so let's start with who 

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00:04:30,200 --> 00:04:31,960
you are. 
And I've got a little trace of 

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00:04:31,960 --> 00:04:33,600
an accent in there. 
You want to kind of tell me 

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00:04:33,600 --> 00:04:34,640
where you came from? 
Yeah. 

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00:04:34,640 --> 00:04:38,440
So I'm British. 
I moved here in 2008 and I 

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became a citizen in 2015. 
So I'm, I'm a proud U.S. 

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citizen. 
I ran for office last year, 

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Secretary of State here in 
Washington state. 

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I have a beautiful wife, a 
couple of step kids, some dogs, 

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you know, the usual. 
But yeah, I, I've worked in 

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accounting ever since I came to 
the United States when I was 18.

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I've been in accounting, what, 
1617 years now. 

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00:05:00,240 --> 00:05:04,080
And that's essentially how I got
my start in business. 

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00:05:04,080 --> 00:05:09,920
And when I was around 23, I 
started freelancing on Elance. 

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And that's how I ended up 
meeting Isaac Nuriani, who is 

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00:05:13,760 --> 00:05:16,960
the CEO of the Gold Company that
we're going to chat to today. 

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00:05:17,160 --> 00:05:19,400
Chat about today. 
What was your formal training in

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00:05:19,880 --> 00:05:22,840
either economics or in in 
becoming a tax accountant and 

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00:05:22,840 --> 00:05:25,720
all that? 
So I worked for CPA firms for 

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00:05:25,720 --> 00:05:28,640
what the first six years that I 
was in accounting. 

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00:05:28,640 --> 00:05:31,760
So I was really just that entry 
starting, you know, thrown 

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transactions into QuickBooks, 
building financial statements. 

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To be honest, the first, first 
like year and a half, I had no 

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00:05:37,560 --> 00:05:39,480
idea what I was doing. 
It was just like, Hey, you can 

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00:05:39,480 --> 00:05:43,200
type fast, put this in that in 
that QuickBooks file and this is

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00:05:43,200 --> 00:05:44,800
how you're going to do it. 
So that's really how I got my 

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start. 
And then just over time, 

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00:05:47,480 --> 00:05:50,960
developing skills, asking good 
questions, good mentors. 

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00:05:50,960 --> 00:05:55,200
I had really good mentors who 
who really helped me understand 

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business and understand tax. 
So that's how I got my start and

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00:05:58,400 --> 00:06:01,280
then I finally bit the bullet 
and went and got my degree. 

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00:06:01,320 --> 00:06:04,280
The biggest waste of $45,000 by 
the way, if you're going to be 

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00:06:04,280 --> 00:06:06,600
an accountant, don't do it. 
Just go be an accountant. 

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00:06:06,600 --> 00:06:09,320
I just go work for ACPA firm and
get some experience and then go 

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00:06:09,320 --> 00:06:11,320
do your own thing. 
Anyway, I digress. 

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So that's how I, I got my start.
I did finally, like I said, I 

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got my degree. 
I have ABA in accounting and I 

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00:06:18,760 --> 00:06:22,360
and an IRS enrolled agents. 
Like like you said season just 

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got wrapped up for me. 
I have a few extensions I got to

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00:06:24,400 --> 00:06:27,960
get done, but that's essentially
how I got my start in in the 

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accounting world. 
And you mentioned that you 

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00:06:29,440 --> 00:06:31,600
started off doing some 
freelancing or looked out in 

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00:06:31,600 --> 00:06:32,920
there. 
What does that marketplace look 

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00:06:32,920 --> 00:06:34,320
like? 
How does it even play out? 

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00:06:34,320 --> 00:06:36,040
And and then how did you get 
contacted? 

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00:06:36,040 --> 00:06:38,320
Well, I kind of got in, I think 
I got in a little early. 

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00:06:38,320 --> 00:06:40,720
So you know, Elance became 
Upwork. 

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00:06:40,720 --> 00:06:43,280
So most people have probably 
heard of Upwork, which is a 

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00:06:43,280 --> 00:06:45,800
little different to Fiver, but 
essentially the same thing. 

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So people, people post jobs, you
go on there and usually it's gig

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work, right? 
Hey, I need my last year 

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00:06:51,680 --> 00:06:54,480
financial statements doing hey, 
I need this tax return due and 

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00:06:54,480 --> 00:06:56,840
all these last five years of tax
returns, whatever it may be. 

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00:06:57,000 --> 00:07:00,960
So I started there very early 
and got so I started. 

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00:07:00,960 --> 00:07:04,160
So let's let's backtrack. 
So I worked about 5-6 years in 

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00:07:04,600 --> 00:07:06,560
in for the CPA firm doing a lot 
of bookkeeping. 

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00:07:06,560 --> 00:07:09,480
I started doing tax and then I 
went into managerial accounting.

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I did some some work as a head 
book bookkeeper for about a year

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00:07:13,680 --> 00:07:16,240
and a half for a company here 
locally in Spokane. 

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00:07:16,240 --> 00:07:20,680
And then I went from that and I 
actually ended up having major 

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00:07:20,680 --> 00:07:22,840
kidney surgery. 
I had a birth defect. 

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00:07:22,840 --> 00:07:25,360
That's a long story. 
But during that process is when 

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00:07:25,360 --> 00:07:27,920
I signed up for Elance because 
I'm at home on bed rest and I'm 

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00:07:27,920 --> 00:07:30,920
like, well, I want to work, I'm 
bored, bring in some extra 

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00:07:30,920 --> 00:07:33,840
income. 
And there was a lot of folks on 

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00:07:33,840 --> 00:07:36,120
there just needing general 
bookkeeping help. 

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00:07:36,120 --> 00:07:38,680
And it paid well. 
It paid, you know, within a few 

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00:07:38,720 --> 00:07:41,080
that I'd say like 4 to 8, four 
to 8 weeks. 

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00:07:41,080 --> 00:07:44,360
I had enough ongoing business 
where it was actually more than 

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00:07:44,360 --> 00:07:46,520
I was getting paid at my 8:00 to
5:00. 

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00:07:46,520 --> 00:07:48,400
And the flexibility that came 
with it was great. 

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00:07:48,640 --> 00:07:52,520
That's how I got my start in the
in, in, in freelancing and it 

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00:07:52,520 --> 00:07:55,200
was, it was great. 
Honestly, I've worked from home.

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00:07:55,200 --> 00:07:57,400
I always tell people I've worked
from home since 2013, since 

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00:07:57,400 --> 00:07:59,720
before it was cool. 
So I've I've been doing it a 

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00:07:59,720 --> 00:08:01,760
long time. 
When so for people that are not 

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00:08:01,760 --> 00:08:04,080
familiar, fiver is kind of like 
a gig based economy. 

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00:08:04,080 --> 00:08:06,680
So you put out like here's who I
am, these are my qualifications,

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00:08:06,680 --> 00:08:08,880
it's my experience. 
And then people can just 

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00:08:09,200 --> 00:08:11,080
negotiate out you, you kind of 
publish rates. 

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00:08:11,080 --> 00:08:13,520
I imagine that you're either 
hourly or or job based. 

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00:08:13,520 --> 00:08:14,480
How does that work? 
Yeah. 

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00:08:14,480 --> 00:08:17,240
So you at the time I, I haven't 
used it for a long time. 

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00:08:17,400 --> 00:08:21,880
I've obviously kind of 
progressed past that point. 

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00:08:21,880 --> 00:08:23,440
It's a very good starting point,
I believe. 

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00:08:23,440 --> 00:08:25,480
But so the way it worked was, 
you know, someone posted job, 

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00:08:25,480 --> 00:08:28,600
they said, hey, I, I need a 
bookkeeper to do my last 12 

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00:08:28,600 --> 00:08:30,440
months of bookkeeping. 
And then I would go on and I'd 

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00:08:30,440 --> 00:08:33,919
say, okay, I, I'll charge 100 
bucks a month, so $1200 and I'll

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00:08:33,919 --> 00:08:36,360
sit down and I'll crank out the 
whole 12 months financial, 

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00:08:36,919 --> 00:08:39,520
financial statements. 
And it's honestly, I could get 

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00:08:39,520 --> 00:08:42,280
that done in a couple hours. 
So I went from making, you know,

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00:08:42,280 --> 00:08:46,280
$3000 a month to making 12, 
sometimes $1200 in a day where I

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00:08:46,280 --> 00:08:48,560
would just sit and I would just 
work, you know, four or five 

189
00:08:48,560 --> 00:08:50,680
hours, get a whole set of 
financial statements done and 

190
00:08:50,680 --> 00:08:52,520
boom, you're done. 
They get a good deal. 

191
00:08:52,680 --> 00:08:55,240
I work 5 hours and I make a make
good money. 

192
00:08:55,240 --> 00:08:59,160
So it was really just a very 
good transition. 

193
00:08:59,160 --> 00:09:02,880
It suit, it suits my personality
well because I'm kind of type a 

194
00:09:03,400 --> 00:09:06,400
kind of a little bit of a 
control freak I suppose. 

195
00:09:06,760 --> 00:09:10,240
So it it really suited me well 
where I could do things the way 

196
00:09:10,280 --> 00:09:14,160
that I wanted to do them and and
be efficient in that so. 

197
00:09:14,280 --> 00:09:16,680
Were there any types of business
that you were focusing in on 

198
00:09:16,680 --> 00:09:19,360
that that ended putting you into
a gold business or was a 

199
00:09:19,360 --> 00:09:20,640
generalized? 
No. 

200
00:09:20,640 --> 00:09:24,960
So the way that worked, so, so 
the way that this, so the way 

201
00:09:24,960 --> 00:09:26,800
that it works is, you know, 
someone posted and said, I need 

202
00:09:26,800 --> 00:09:29,720
this. 
And so with Isaac, the way it 

203
00:09:29,720 --> 00:09:32,880
worked, he, he actually posted 
and he said, I need AI need 

204
00:09:32,880 --> 00:09:35,280
someone to teach me how to do 
bookkeeping. 

205
00:09:36,200 --> 00:09:39,720
I think his initial thought was 
he's going to do his own 

206
00:09:39,720 --> 00:09:41,160
bookkeeping. 
He wants to do all his own 

207
00:09:41,160 --> 00:09:44,560
finance and so on, because like 
me a little bit, he's a little 

208
00:09:44,560 --> 00:09:48,040
bit of a control freak. 
So he, he initially it was me to

209
00:09:48,040 --> 00:09:50,960
train him how to use QuickBooks 
online, which at the time and 

210
00:09:50,960 --> 00:09:52,280
even today is not a good 
product. 

211
00:09:52,480 --> 00:09:55,320
I always use QuickBooks desktop.
It's just a better product. 

212
00:09:55,320 --> 00:09:57,840
So I'm teaching him. 
And then, and this happened over

213
00:09:57,840 --> 00:09:59,320
a period of, you know, four or 
five months. 

214
00:09:59,440 --> 00:10:02,400
So he he, he bids, sorry, he 
posted job. 

215
00:10:02,400 --> 00:10:04,760
I bid along with a bunch of 
others. 

216
00:10:04,760 --> 00:10:07,080
He selected me. 
We had an interview and he said,

217
00:10:07,080 --> 00:10:10,200
OK, I want you just to teach me.
So it started out really just an

218
00:10:10,200 --> 00:10:12,760
hour or two a month before 
Augusta had any sales. 

219
00:10:12,760 --> 00:10:16,560
It was only Isaac, myself and 
one other guy that were there. 

220
00:10:16,800 --> 00:10:18,080
And the other guy was a 
salesman. 

221
00:10:18,080 --> 00:10:22,600
He was training out of his home 
and I just was teaching him. 

222
00:10:22,600 --> 00:10:24,360
It's like, hey, this is what 
this does and so on. 

223
00:10:24,360 --> 00:10:26,680
And then I think he realized, 
you know, after the couple of 

224
00:10:26,680 --> 00:10:29,040
months of doing bank 
reconciliations with, you know, 

225
00:10:29,040 --> 00:10:33,200
minimal 2030 transactions, it, 
it was, it was going to be a lot

226
00:10:33,200 --> 00:10:35,960
more work than he'd be able to 
manage along with trying to run 

227
00:10:35,960 --> 00:10:38,560
the company. 
So, you know, that ended up 

228
00:10:38,560 --> 00:10:42,960
blowing into a, a full time gig 
kind of it, it didn't start 

229
00:10:42,960 --> 00:10:45,240
there. 
So, so the way that it actually 

230
00:10:45,240 --> 00:10:49,480
turned into a full time gig is 
there was a company called Merit

231
00:10:49,480 --> 00:10:54,040
Financial and Merit Financial 
are were a precious, very, very 

232
00:10:54,040 --> 00:10:57,160
big precious metals company, one
of the biggest at the time. 

233
00:10:57,280 --> 00:11:02,920
And they were sued in 2012 by 
the District Attorney in Santa 

234
00:11:02,920 --> 00:11:06,840
Monica. 
And they were sued for a lot of 

235
00:11:06,840 --> 00:11:10,440
the same reasons as to why I 
blew the whistle on Augusta. 

236
00:11:11,040 --> 00:11:14,720
And what ended up happening is 
there was a so Isaac could work 

237
00:11:14,720 --> 00:11:18,000
that Merit Financial. 
In fact, he was listed as a 

238
00:11:18,240 --> 00:11:21,480
defendant on the lawsuit. 
So they filed the lawsuit. 

239
00:11:21,480 --> 00:11:24,000
He was. 
So they sued Merit Financial and

240
00:11:24,000 --> 00:11:28,320
one of the parties sued Isaac as
well in his capacity as a 

241
00:11:28,320 --> 00:11:30,120
salesman. 
And he was one of their top 

242
00:11:30,120 --> 00:11:34,280
performers, very good salesman. 
And I think that was when he 

243
00:11:34,280 --> 00:11:37,720
goes, oh, I'm, I'm out of here. 
So he cashes out in, you know, 

244
00:11:37,720 --> 00:11:41,760
2012, this lawsuit's ongoing. 
He had quite a bit of money in 

245
00:11:41,760 --> 00:11:44,800
the bank from making a lot of 
Commission, which we'll get into

246
00:11:44,800 --> 00:11:49,240
in a little bit. 
And he goes and works from home 

247
00:11:49,240 --> 00:11:51,680
and starts Augusta. 
So, and that's when I come in, 

248
00:11:51,760 --> 00:11:53,600
right? 
And he's in very, like I said, 

249
00:11:53,600 --> 00:11:56,520
very early preliminary, 
preliminary stages. 

250
00:11:56,520 --> 00:11:58,920
He's building the website 
because there's no physical 

251
00:11:58,920 --> 00:12:01,600
location for you to go to. 
It's all done online. 

252
00:12:02,240 --> 00:12:04,960
So he's building the website. 
He's determining, you know, 

253
00:12:05,160 --> 00:12:07,200
small things, just like small 
things you want to think about, 

254
00:12:07,520 --> 00:12:09,760
you know, what phone systems are
we going to use, you know, what 

255
00:12:09,760 --> 00:12:11,040
servers are we going to use, 
That kind of thing. 

256
00:12:11,040 --> 00:12:13,200
So he's very, very early to 
merit. 

257
00:12:13,400 --> 00:12:15,120
Merit that, merit financial 
lawsuits. 

258
00:12:15,120 --> 00:12:16,760
Progressing, progressing, 
progressing. 

259
00:12:16,760 --> 00:12:22,120
And then in 2014, maybe 2013, 
what would it have been? 

260
00:12:22,120 --> 00:12:25,800
It would have been, yeah, it 
would have been 2014, Summer of 

261
00:12:25,800 --> 00:12:28,800
2014, Merritt finally closes 
their doors. 

262
00:12:28,880 --> 00:12:32,120
So a bunch of the sales guys, as
former colleagues show up to 

263
00:12:32,120 --> 00:12:34,960
Merritt Financial, there's a 
notice on the door and the 

264
00:12:34,960 --> 00:12:37,520
notice says we're we're done. 
We're we're out of business. 

265
00:12:37,520 --> 00:12:42,160
We've been sued into the ground 
and Isaac lives ten blocks from 

266
00:12:42,160 --> 00:12:45,480
the Merit headquarters. 
So Isaac goes to the Merit 

267
00:12:45,560 --> 00:12:46,800
headquarters. 
Sorry. 

268
00:12:46,800 --> 00:12:50,640
So the guys go from the Merit 
headquarters to Isaacs home 

269
00:12:50,800 --> 00:12:53,480
because they know one of his 
best friends, Jay Johnson Kelly.

270
00:12:53,480 --> 00:12:54,760
We'll talk about him a little 
bit too. 

271
00:12:54,880 --> 00:12:58,040
He knew that Isaac was starting 
Augusta. 

272
00:12:58,120 --> 00:13:01,040
So they show up like 10 guys 
show up at Isaacs House and 

273
00:13:01,040 --> 00:13:02,640
like, hey man, Are you ready to 
sell? 

274
00:13:02,720 --> 00:13:05,160
We got the list from Merit. 
One of the guys that stolen the 

275
00:13:05,160 --> 00:13:07,320
list from Merit brought it to 
August. 

276
00:13:07,320 --> 00:13:10,880
The The Client List brought it 
to Augusta and said we got the 

277
00:13:10,880 --> 00:13:14,640
list, we can call. 
So that was really the the 

278
00:13:14,640 --> 00:13:17,040
catalyst. 
It went from like slow rolling 

279
00:13:17,040 --> 00:13:20,920
it, doing this slowly and so on 
to really going all in. 

280
00:13:20,920 --> 00:13:24,400
And then that's when I had 
gotten a call from Isaac to come

281
00:13:24,400 --> 00:13:26,920
work for Augusta full time. 
All right, and Augusta, the full

282
00:13:26,920 --> 00:13:29,480
name of the company is? 
Augusta Precious Metals. 

283
00:13:29,720 --> 00:13:31,800
Augusta Precious metals that 
they're based out of where? 

284
00:13:31,840 --> 00:13:35,080
So if you go to the website, 
they'll say that they're out of 

285
00:13:35,520 --> 00:13:37,400
that. 
They actually operated out of 

286
00:13:37,400 --> 00:13:40,680
Wilshire Blvd., which is, you 
know, prominent Los Angeles. 

287
00:13:40,680 --> 00:13:44,160
So, and that's just to give this
aura of all they're on Wilshire 

288
00:13:44,160 --> 00:13:45,600
Blvd. 
This must be a really legitimate

289
00:13:45,600 --> 00:13:47,920
firm. 
The reality is they operate out 

290
00:13:47,920 --> 00:13:50,160
of Culver City. 
And the reason they operate out 

291
00:13:50,160 --> 00:13:54,640
of Culver City is because Isaac 
wanted to get out of the 

292
00:13:54,640 --> 00:13:58,640
jurisdiction of the assistant DA
who had sued Merit Financial. 

293
00:13:58,640 --> 00:14:01,320
So he was looking intentionally 
to get out of that jurisdiction 

294
00:14:01,320 --> 00:14:04,840
and move to Culver City, 
actually helped look for spaces 

295
00:14:04,840 --> 00:14:07,000
in Culver City for that purpose.
OK. 

296
00:14:07,080 --> 00:14:08,600
And they have what, like a box 
or something? 

297
00:14:08,600 --> 00:14:09,880
Or some kind of a virtual 
address? 

298
00:14:09,920 --> 00:14:11,640
Yeah. 
So that Wilshire Blvd. address 

299
00:14:11,640 --> 00:14:14,080
is just a virtual address. 
It's just they get, you know, 

300
00:14:14,080 --> 00:14:15,400
they'll get mail there and so 
on. 

301
00:14:15,400 --> 00:14:17,120
And that's what their front 
facing address is. 

302
00:14:17,120 --> 00:14:19,680
But there's no one there. 
It's just a satellite office 

303
00:14:19,680 --> 00:14:22,800
where people pay, you know, 100 
bucks a month to use the address

304
00:14:22,800 --> 00:14:23,720
essentially. 
Perfect. 

305
00:14:24,040 --> 00:14:26,840
All right, so you got pitched. 
Teach me how to do books. 

306
00:14:27,440 --> 00:14:30,600
He realizes this is going to be 
a bigger job and I'm going to be

307
00:14:30,600 --> 00:14:32,840
able to handle. 
He obviously has a sales 

308
00:14:32,840 --> 00:14:33,880
background. 
Did do you know what his 

309
00:14:33,880 --> 00:14:36,360
business background or his his 
his professional training was? 

310
00:14:36,480 --> 00:14:38,560
Prior, yeah. 
So he didn't have any 

311
00:14:39,160 --> 00:14:42,040
professional training in terms 
of, you know, he'd never been a 

312
00:14:42,040 --> 00:14:44,520
corporate officer or worked at 
that level before. 

313
00:14:45,000 --> 00:14:48,560
I was told by him and his family
that he had an economics degree 

314
00:14:48,560 --> 00:14:50,800
from UCLAI don't know, I never 
vetted that. 

315
00:14:50,800 --> 00:14:53,800
I don't know if that's true or 
not, but he's a very intelligent

316
00:14:53,800 --> 00:14:56,080
person. 
So it wouldn't surprise me he 

317
00:14:56,960 --> 00:14:58,960
but there's no like formal 
training and that, and that's 

318
00:14:58,960 --> 00:15:01,040
one of the things with these 
salesman, most of them are 

319
00:15:01,040 --> 00:15:05,200
recruited off Craigslist, right?
And so they're not looking for 

320
00:15:05,440 --> 00:15:08,720
necessarily educated people. 
They're looking for hungry 

321
00:15:08,720 --> 00:15:10,800
people. 
When I say hungry, it's not 

322
00:15:10,800 --> 00:15:13,720
hungry as in I haven't eaten. 
It's I want to make a lot of 

323
00:15:13,720 --> 00:15:15,960
money. 
And that's the pre qualifier. 

324
00:15:16,080 --> 00:15:19,520
If you're hungry and you can 
follow instructions and you can 

325
00:15:19,520 --> 00:15:22,240
and you're charismatic and you 
can sell on the phone, you can 

326
00:15:22,240 --> 00:15:23,960
work, you can, you can make a 
lot of money. 

327
00:15:24,000 --> 00:15:25,040
Sure. 
What about? 

328
00:15:25,400 --> 00:15:27,560
What about vetting? 
Did you do any vetting curiosity

329
00:15:27,560 --> 00:15:29,320
at that time? 
Are you doing Google searches to

330
00:15:29,320 --> 00:15:31,480
find out hey, who's this guy 
that's asking to hire me on? 

331
00:15:31,480 --> 00:15:34,160
No. 
So the way that that worked is 

332
00:15:34,880 --> 00:15:41,160
I'd went to, I'd went to like 
drop off a, a like lunch to my 

333
00:15:41,160 --> 00:15:42,800
wife. 
My wife's done a house cleaning 

334
00:15:42,800 --> 00:15:44,560
business. 
So I went to drop off lunch to 

335
00:15:44,560 --> 00:15:47,240
her and I'm at the house that 
she was cleaning. 

336
00:15:47,960 --> 00:15:49,440
I'm talking to her. 
My cell phone rings and it's 

337
00:15:49,440 --> 00:15:50,720
Isaac. 
And I was like, that's weird 

338
00:15:50,720 --> 00:15:52,680
because he didn't, he and I 
didn't have a relationship at 

339
00:15:52,680 --> 00:15:54,480
this point. 
It was just like a we scheduled 

340
00:15:54,480 --> 00:15:56,480
once a month. 
It wasn't like we never texted. 

341
00:15:56,480 --> 00:16:00,040
It wasn't like that at all. 
It was just, you know, we text 

342
00:16:00,040 --> 00:16:01,800
to schedule. 
Hey, let's do this Tuesday or 

343
00:16:01,800 --> 00:16:03,720
whatever. 
So I get this call and he says, 

344
00:16:03,720 --> 00:16:06,480
Hey, I want you to come work for
me full time. 

345
00:16:06,680 --> 00:16:10,320
And I said, OK, well, you know, 
I'd already established a client

346
00:16:10,320 --> 00:16:13,280
base at this point over the 
last, you know, let's say 6 to 8

347
00:16:13,280 --> 00:16:16,560
months at this point. 
And I, I was like, OK, well, you

348
00:16:16,560 --> 00:16:19,200
know, I can't, I don't have have
the capacity in my schedule to 

349
00:16:19,200 --> 00:16:21,080
do that, right? 
And he said, well, what would it

350
00:16:21,080 --> 00:16:23,520
take for you to fire all of your
clients? 

351
00:16:23,680 --> 00:16:25,400
And I said, I don't know him and
I'd really have to sit down and 

352
00:16:25,400 --> 00:16:26,920
look at it. 
And he said, OK, we'll look at 

353
00:16:26,920 --> 00:16:29,360
it and let's chat tonight. 
So that was a conversation. 

354
00:16:29,560 --> 00:16:35,760
So I was, to be quite honest, I 
was excited because, you know, 

355
00:16:35,760 --> 00:16:39,320
managing multiple books and 
having multiple clients, it's, 

356
00:16:39,480 --> 00:16:42,880
it's not difficult, but it's a 
lot more challenging than 

357
00:16:42,880 --> 00:16:44,800
focusing solely on one client, 
right? 

358
00:16:45,120 --> 00:16:49,600
So, you know, I went home, I did
some math and I was probably 

359
00:16:49,600 --> 00:16:54,320
making honestly about four, you 
know, 35104 thousand. 

360
00:16:54,320 --> 00:16:57,720
I just surpassed where like on 
on month to month. 

361
00:16:57,720 --> 00:16:59,800
This is not gig work. 
This is just my month to month 

362
00:16:59,800 --> 00:17:02,360
revenue. 
It's about 3:00 to 3500. 

363
00:17:02,360 --> 00:17:06,079
And then I was picking up all 
the gig work and so I just shot 

364
00:17:06,079 --> 00:17:07,440
him a number. 
I was like, yeah, he's like, 

365
00:17:07,440 --> 00:17:09,079
what's it going to take us like 
5 grand a month? 

366
00:17:09,079 --> 00:17:11,000
He goes done. 
Fire your clients. 

367
00:17:11,000 --> 00:17:12,560
That was it. 
There's no negotiating. 

368
00:17:12,560 --> 00:17:13,880
It was just like 60 grand a 
year. 

369
00:17:13,880 --> 00:17:15,880
Here you go. 
So, you know, I went from making

370
00:17:15,880 --> 00:17:22,200
what, 8 like 15 bucks an hour in
2013 to making $60,000 a year in

371
00:17:22,200 --> 00:17:26,520
2020, in 2014 to 2014. 
That's a huge step up, right? 

372
00:17:26,920 --> 00:17:29,400
And it was good. 
It was, it was exciting. 

373
00:17:30,240 --> 00:17:34,880
It enabled me to do a lot of 
things and but that wasn't the 

374
00:17:34,880 --> 00:17:38,400
end of it in terms of, in terms 
of money. 

375
00:17:38,640 --> 00:17:41,480
Now there's a lot to do, right? 
We, we had, we had no business. 

376
00:17:41,480 --> 00:17:43,760
I didn't know the industry. 
I knew nothing about it. 

377
00:17:43,880 --> 00:17:46,600
So my, my introduction to the 
industry, we'd, we'd had that 

378
00:17:46,600 --> 00:17:49,080
conversation. 
And then Isaac said, Hey, let's 

379
00:17:49,080 --> 00:17:52,080
do a quick call and I'll give 
you a rundown of the industry. 

380
00:17:52,360 --> 00:17:54,680
He says, go get a whiteboard 
from Walmart or something. 

381
00:17:54,680 --> 00:17:57,320
So I went and got a whiteboard. 
I hung on my wall and he calls 

382
00:17:57,320 --> 00:18:00,120
me on Skype and he just says, 
I'm going to talk you right. 

383
00:18:00,320 --> 00:18:04,680
I said OK, he spoke, I wrote and
that was it. 

384
00:18:04,680 --> 00:18:06,760
An hour. 
It was an hour long introduction

385
00:18:06,760 --> 00:18:09,600
that was. 
And now I'm the chief financial 

386
00:18:09,600 --> 00:18:11,960
officer basically of Augusta 
Precious Metals that. 

387
00:18:12,040 --> 00:18:14,400
Was so he was laying out what 
the business model and then how 

388
00:18:14,400 --> 00:18:15,960
they were gonna enter into the 
market as well? 

389
00:18:16,040 --> 00:18:17,720
Yeah. 
So not necessarily how to enter 

390
00:18:17,720 --> 00:18:20,600
into the market, but it was, it 
was more to do with what I would

391
00:18:20,600 --> 00:18:23,880
be doing. 
So you know how trades work, how

392
00:18:23,880 --> 00:18:29,520
what bid bids and asks are, what
spreads are, which anyone who 

393
00:18:29,600 --> 00:18:33,560
has dabbled in this, it's a lot 
more, you need a lot more 

394
00:18:33,560 --> 00:18:35,160
training than an hour, 
especially if you're going to do

395
00:18:35,160 --> 00:18:38,120
the job right. 
These are, these are not 

396
00:18:38,120 --> 00:18:41,240
necessarily super complicated 
terms and things, but there's a 

397
00:18:41,240 --> 00:18:43,560
lot of terms that are used. 
There's a lot of terms that are 

398
00:18:43,560 --> 00:18:48,520
used interchangeably and so on. 
So then with that, that, so that

399
00:18:48,520 --> 00:18:50,400
was basically it. 
And then he says don't worry, 

400
00:18:50,400 --> 00:18:53,360
there's there's a guy named 
Eugene who who'll help you. 

401
00:18:53,400 --> 00:18:56,000
He's the wholesaler at Bayside 
Metal Exchange. 

402
00:18:56,280 --> 00:18:58,920
Eugene was the prior CFO at 
Merit Financial. 

403
00:18:59,200 --> 00:19:03,200
When Merit went under, Eugene 
started his own wholesale 

404
00:19:03,240 --> 00:19:06,360
wholesale company, not retail 
wholesale company, so that he 

405
00:19:06,360 --> 00:19:09,880
could sell to these guys who 
have all of these assets. 

406
00:19:09,880 --> 00:19:13,160
So he said that Eugene will help
you and he kind of passed the 

407
00:19:13,160 --> 00:19:16,040
book to Eugene kind of felt 
sorry for him. 

408
00:19:16,160 --> 00:19:18,760
Then I would ask him a whole, a 
whole bunch of what you would 

409
00:19:18,760 --> 00:19:22,840
probably consider dumb questions
if you're if you're at least 

410
00:19:22,840 --> 00:19:24,160
somewhat seasoned in the 
industry. 

411
00:19:24,160 --> 00:19:28,040
And, and really Eugene ended up 
being the one who who really, I 

412
00:19:28,040 --> 00:19:30,240
guess trained me, but he was so 
busy. 

413
00:19:30,360 --> 00:19:32,600
It was kind of like, I would get
tidbits here and then I would 

414
00:19:32,600 --> 00:19:35,800
just do a ton of research. 
So I was really just self-taught

415
00:19:36,640 --> 00:19:38,600
in in the industry to be honest 
with you. 

416
00:19:40,200 --> 00:19:43,480
So are they picking up clients 
by the time that's happening, 

417
00:19:43,480 --> 00:19:45,760
they've already got income 
coming in that you're you're 

418
00:19:45,760 --> 00:19:47,880
keeping track of, you're doing 
the books and then also you're 

419
00:19:47,880 --> 00:19:50,400
trying to learn on the fly how 
to be the guy that's that's 

420
00:19:50,400 --> 00:19:52,240
running behind the scenes. 
Is that essentially it? 

421
00:19:52,320 --> 00:19:54,080
Yeah. 
So like I said, so there was a 

422
00:19:54,360 --> 00:19:57,200
one of the salesman had stolen 
the lead database from Merit 

423
00:19:57,200 --> 00:19:59,200
Financial and brought it to 
Augusta. 

424
00:19:59,200 --> 00:20:02,600
So it now here's the thing. 
It's, you know what's what's 

425
00:20:02,600 --> 00:20:04,600
interesting about that? 
He wasn't the only one. 

426
00:20:04,840 --> 00:20:08,360
There's another company out 
there that is buying up a lot of

427
00:20:08,360 --> 00:20:12,360
conservative folks right now. 
Now, who also stole that same 

428
00:20:12,360 --> 00:20:14,480
lead database when they started 
their company. 

429
00:20:14,640 --> 00:20:18,720
So we weren't the only one. 
There was an at least one other,

430
00:20:18,720 --> 00:20:22,440
maybe two others that did this. 
One other for sure that I know 

431
00:20:22,440 --> 00:20:24,240
for sure. 
There is another firm that 

432
00:20:24,240 --> 00:20:26,200
popped up. 
It didn't last very long, but it

433
00:20:26,200 --> 00:20:29,720
did pop up and I and I do wonder
if they had done the same thing.

434
00:20:29,720 --> 00:20:32,680
So these guys come in where 
they're at Isaac's store, right?

435
00:20:32,680 --> 00:20:34,480
So Merrick closed. 
They're at Isaac's store. 

436
00:20:35,480 --> 00:20:37,200
Hey, we, we're, we don't have 
jobs. 

437
00:20:37,200 --> 00:20:39,520
We need jobs. 
We got the sleeve database, so 

438
00:20:39,520 --> 00:20:43,000
on and so on. 
So Isaac essentially empties his

439
00:20:43,000 --> 00:20:48,440
living room of all furniture and
he lines the outside desks with 

440
00:20:48,720 --> 00:20:55,280
outside wall with desks and buys
a bunch of IMAX and just sets up

441
00:20:55,640 --> 00:20:59,800
a makeshift sales call center 
out of his living room. 

442
00:20:59,960 --> 00:21:05,240
And that was for about a good 
eight to 9, I would say. 

443
00:21:05,240 --> 00:21:07,480
Yeah, probably 8 months. 
Maybe it wasn't 12. 

444
00:21:07,480 --> 00:21:10,880
It was probably about 8 months. 
That was where the guys worked 

445
00:21:10,880 --> 00:21:12,720
out of. 
So they just showed up to his 

446
00:21:12,720 --> 00:21:15,800
house like they did the first 
day and they rolled in and and 

447
00:21:15,800 --> 00:21:18,200
had a call center in his. 
Home in his home. 

448
00:21:18,720 --> 00:21:20,360
And this was in Southern 
California, obviously. 

449
00:21:20,520 --> 00:21:23,440
This is in Santa Monica, yeah. 
Santa Monica, so they're doing 

450
00:21:23,440 --> 00:21:25,000
and they're what they're just 
dialing for dollars. 

451
00:21:25,040 --> 00:21:28,080
You said conservative call list.
Can you tell me about the 

452
00:21:28,080 --> 00:21:30,080
clientele that was being 
targeted and let's talk about 

453
00:21:30,080 --> 00:21:32,360
product and and what that looks 
like so we can kind of get an 

454
00:21:32,360 --> 00:21:33,840
idea what this business was? 
Sure. 

455
00:21:33,840 --> 00:21:37,920
So the anyone in the in the 
industry will tell you that 

456
00:21:38,240 --> 00:21:39,760
especially in this segment of 
the industry. 

457
00:21:39,760 --> 00:21:42,520
So I think it's it's really 
important to be super clear 

458
00:21:42,520 --> 00:21:45,480
here, the entire gold industry 
is not ripe with fraud. 

459
00:21:45,480 --> 00:21:49,320
There is this segment of the 
industry what I call or what is 

460
00:21:49,320 --> 00:21:52,320
known as the premium or 
exclusive. 

461
00:21:52,320 --> 00:21:55,360
Those are two terms that are 
used interchangeably, coin 

462
00:21:55,920 --> 00:21:58,720
dealers that really perpetuate 
this. 

463
00:21:58,720 --> 00:22:01,920
So the the one big thing that 
you just need to if you're if 

464
00:22:01,920 --> 00:22:03,760
you're going to watch this 
interview when you get to this 

465
00:22:03,760 --> 00:22:07,320
point and and you want to tune 
off whatever, if you hear those 

466
00:22:07,320 --> 00:22:09,480
terms used by a salesman, just 
hang up the phone. 

467
00:22:09,640 --> 00:22:11,640
That's it, right. 
Just be done with that. 

468
00:22:11,680 --> 00:22:14,560
Now, it's a lot more complicated
than that, but that's one of the

469
00:22:14,560 --> 00:22:21,240
big telltale signs the the 
target audience is specifically 

470
00:22:21,240 --> 00:22:25,720
50 plus conservative Christians.
So every time that you see these

471
00:22:25,720 --> 00:22:29,600
advertisements on, you know, 
conservative media and so on, 

472
00:22:29,760 --> 00:22:33,120
there is a very good chance that
that company is going to be 

473
00:22:33,120 --> 00:22:36,320
operating in the very same or 
similar way that Augusta is. 

474
00:22:36,320 --> 00:22:38,680
Now, I'm not going to say this 
explicitly like they all are 

475
00:22:38,680 --> 00:22:42,160
doing this and so on and so on 
because I don't have evidence of

476
00:22:42,160 --> 00:22:43,680
that. 
But I can tell you what to look 

477
00:22:43,680 --> 00:22:49,440
for that should ring some alarm 
bells and and really scare you 

478
00:22:49,440 --> 00:22:53,240
off from utilizing one of these.
And I think with that as well, 

479
00:22:53,480 --> 00:22:57,080
what, what you should look for 
is what companies are are not 

480
00:22:57,080 --> 00:23:00,880
advertising in this way, What 
companies are out there that 

481
00:23:00,880 --> 00:23:03,440
aren't, that are legitimate 
companies that have been around 

482
00:23:03,440 --> 00:23:06,520
for a long time that are 
selling, you know, your typical 

483
00:23:06,520 --> 00:23:08,920
bullion products that aren't 
advertising this way. 

484
00:23:08,920 --> 00:23:11,320
And why not? 
And, and the why the answer to 

485
00:23:11,320 --> 00:23:14,240
the why not is because these 
margins are so different. 

486
00:23:14,400 --> 00:23:18,680
In the traditional bullion 
model, you have high volume, low

487
00:23:18,680 --> 00:23:22,600
margin, you're making like 3 to 
5% on like, let's say it's 

488
00:23:22,600 --> 00:23:24,760
typical silver, American gold, 
American Eagles. 

489
00:23:24,960 --> 00:23:28,960
You cannot, you cannot, I cannot
sustain paying millions of 

490
00:23:28,960 --> 00:23:31,880
dollars for advertising like we 
did at Augusta with Fox News, 

491
00:23:32,400 --> 00:23:35,600
like 1.5 to $2,000,000 a year. 
That doesn't include what we 

492
00:23:35,600 --> 00:23:38,560
paid Newsmax. 
I didn't include at the time. 

493
00:23:38,880 --> 00:23:41,200
Well, I actually Augusta doesn't
have any sponsors. 

494
00:23:41,200 --> 00:23:42,960
They've stayed out of that from 
what I've seen. 

495
00:23:42,960 --> 00:23:46,760
I haven't seen any conservative 
voices peddling Augusta. 

496
00:23:47,000 --> 00:23:48,240
They've kind of stayed out of 
that realm. 

497
00:23:48,240 --> 00:23:50,840
But you know, we, we did 
Newsmax, we did Fox News 

498
00:23:50,840 --> 00:23:53,200
commercials. 
We did. 

499
00:23:53,920 --> 00:23:56,760
Oh man, there's a bunch. 
I mean, there's a bunch that we 

500
00:23:56,760 --> 00:23:58,440
do. 
We'd buy lists, not necessarily 

501
00:23:58,440 --> 00:24:01,360
buy the list, but we'd buy an 
advertisement on a list, let's 

502
00:24:01,360 --> 00:24:03,760
say at Newsmax. 
And then Newsmax would have this

503
00:24:03,760 --> 00:24:07,240
list of conservative Christians 
that they would send blasts to. 

504
00:24:07,320 --> 00:24:10,400
And we would just say, hey, we'd
pay like 5 grand, let's say, and

505
00:24:10,400 --> 00:24:14,520
they'd send an e-mail to 60,000 
people for us with our 

506
00:24:14,520 --> 00:24:17,960
advertisement, right? 
So, so that was how we actually 

507
00:24:17,960 --> 00:24:20,680
introduced once we burned 
through that merit list, that 

508
00:24:20,680 --> 00:24:23,440
stolen merit list, once we 
burned through that and those 

509
00:24:23,440 --> 00:24:27,200
leads were basically cold as it 
started utilizing these buy 

510
00:24:27,200 --> 00:24:29,720
lists, where he'd go buy the 
lists and you know, we wouldn't 

511
00:24:29,720 --> 00:24:32,840
get the information, but we'd 
send it via, you know, Newsmax 

512
00:24:32,840 --> 00:24:35,240
or whatever and then pay for 
advertising on Fox News. 

513
00:24:35,880 --> 00:24:37,760
So then to the second part of 
your question, I know this is a 

514
00:24:37,760 --> 00:24:40,080
little long winded, but this is 
critical information. 

515
00:24:40,080 --> 00:24:44,520
I, I feel the product now, why 
is the product different? 

516
00:24:44,560 --> 00:24:47,160
Well, the answer really is that 
it isn't a different product. 

517
00:24:47,160 --> 00:24:48,840
It is a bullion product. 
That's it. 

518
00:24:49,080 --> 00:24:51,680
So it's not numismatic, it's not
collectible. 

519
00:24:51,840 --> 00:24:57,440
So the way that that works and I
have tried to send letters to 

520
00:24:57,440 --> 00:25:01,600
the Royal Canadian Mint, British
Royal Mint and so on is that 

521
00:25:01,600 --> 00:25:05,720
these companies enter into an 
exclusive distribution contract 

522
00:25:06,280 --> 00:25:08,720
with the Royal Canadian Mint, 
the British Royal Mint, the 

523
00:25:08,720 --> 00:25:11,800
Perth Mint by way of a 
wholesaler. 

524
00:25:11,840 --> 00:25:15,400
The wholesaler, his name is 
Eugene Fogle and he started a 

525
00:25:15,400 --> 00:25:18,520
company called Bayside Metal 
Exchange when he when Merritt 

526
00:25:18,520 --> 00:25:23,560
was sued and he went to do that.
So Eugene utilizes his contacts 

527
00:25:23,680 --> 00:25:27,560
to enter into these exclusive 
contracts with the mints so that

528
00:25:27,560 --> 00:25:31,240
he can have the sole 
distribution in in the United 

529
00:25:31,240 --> 00:25:33,440
States. 
So what you'll see is let's say 

530
00:25:33,440 --> 00:25:34,840
that you're. 
So one of the coins that we sold

531
00:25:34,840 --> 00:25:37,800
at Augusta was called the silver
Canadian Eagle, which was 

532
00:25:37,800 --> 00:25:42,200
intentional because the silver 
American Eagle is such a popular

533
00:25:42,200 --> 00:25:46,520
coin and no, no such thing 
existed in from the Canadian 

534
00:25:46,520 --> 00:25:48,800
mint. 
It was a very good marketing 

535
00:25:48,800 --> 00:25:50,720
idea Isaac came up with. 
He's like, people love the 

536
00:25:50,720 --> 00:25:52,240
American eagle. 
Let's give them a silver 

537
00:25:52,240 --> 00:25:55,080
Canadian eagle. 
Very easy transition, very easy 

538
00:25:55,080 --> 00:25:58,360
for the salesman to sell. 
So Eugene enters into these 

539
00:25:58,360 --> 00:26:00,960
contracts and then he sells the 
contract, quickly sells a 

540
00:26:00,960 --> 00:26:03,120
contract to us. 
He makes $0.50 a coin, let's 

541
00:26:03,120 --> 00:26:06,840
say, I'll say like a silver 
coin, and we buy the rights from

542
00:26:06,840 --> 00:26:09,880
him. 
And then we determine the 

543
00:26:09,880 --> 00:26:12,480
quantity of coins that we want 
to purchase, right? 

544
00:26:12,480 --> 00:26:15,200
It's solely determined by us. 
So we're creating the market. 

545
00:26:15,560 --> 00:26:18,520
We're saying we're going to mint
200,000 of these coins, 300 

546
00:26:18,520 --> 00:26:21,200
thousands of these coins. 
So when they say, well, these 

547
00:26:21,200 --> 00:26:23,760
are numismatic, well, they're 
only numismatic because you 

548
00:26:23,760 --> 00:26:27,680
decided to mint such a small 
quantity of them can. 

549
00:26:27,800 --> 00:26:30,160
You can you define that term for
folks who are not precious. 

550
00:26:30,200 --> 00:26:32,200
Numismatic. 
It's just collectible. 

551
00:26:32,200 --> 00:26:34,920
It's just a rarer coin that's 
collectible. 

552
00:26:35,520 --> 00:26:38,920
You know, there's, there's folks
out there who will buy kind of 

553
00:26:38,920 --> 00:26:44,040
like these odd coins at a higher
premium, like the, the premium 

554
00:26:44,040 --> 00:26:47,040
being the amount above the ask 
price on the open market. 

555
00:26:47,040 --> 00:26:49,920
So if you just type in gold or 
silver ask price right now, 

556
00:26:49,920 --> 00:26:51,600
it'll give you an ask price in 
the open market. 

557
00:26:51,600 --> 00:26:54,760
That is the ask price worldwide 
for what it counts for one Tri 

558
00:26:54,760 --> 00:26:57,680
ounce of silver. 
The premium is anything that you

559
00:26:57,680 --> 00:26:59,480
pay above that. 
So whether that's a dollar, 

560
00:26:59,480 --> 00:27:01,480
whether that's $10, whether 
that's $100.00. 

561
00:27:01,560 --> 00:27:04,480
So numismatic coins have a 
higher premium because there's 

562
00:27:04,480 --> 00:27:07,680
less of them in the market. 
And for whatever reason, it 

563
00:27:07,680 --> 00:27:12,000
could be age, it could be that 
they only minted 10,000 of them,

564
00:27:12,040 --> 00:27:15,760
it could be there's a whole very
slew of variables, but 

565
00:27:15,760 --> 00:27:19,440
essentially that they are going 
to fetch a higher premium. 

566
00:27:19,440 --> 00:27:22,200
That is the amount above the ask
price that you will pay. 

567
00:27:22,440 --> 00:27:24,040
OK. 
It's because of the way that 

568
00:27:24,040 --> 00:27:26,120
they're minted. 
It's because of the scarcity, 

569
00:27:26,120 --> 00:27:29,000
theoretically, of whatever that 
species is that you're buying, 

570
00:27:29,000 --> 00:27:30,040
correct? 
Correct. 

571
00:27:30,240 --> 00:27:31,720
Yeah. 
And it could be, could be just a

572
00:27:31,720 --> 00:27:34,120
super old coin, right? 
Like it could be like a Roman 

573
00:27:34,120 --> 00:27:37,400
coin that has like a 10th of an 
ounce of gold, if that, but it's

574
00:27:37,400 --> 00:27:39,160
worth a lot because it's old. 
Right. 

575
00:27:39,160 --> 00:27:41,320
So, yeah, you've got an old 
denarius or something. 

576
00:27:41,320 --> 00:27:43,960
You've got some sort of coin 
that comes out of, you know, 

577
00:27:43,960 --> 00:27:46,480
some sort of old culture or 
you've got something that was 

578
00:27:46,640 --> 00:27:49,120
struck in the US mints at the 
turn of the Civil War. 

579
00:27:49,200 --> 00:27:51,800
There's like steel nickels used 
to have a certain premium to it,

580
00:27:51,800 --> 00:27:53,240
right? 
Like certain things that were 

581
00:27:53,240 --> 00:27:56,840
misprinted would have a a value 
because over, over and above 

582
00:27:56,840 --> 00:27:58,080
what the actual metal itself 
was. 

583
00:27:58,080 --> 00:27:59,880
So that makes them numismatic. 
Is that is that right? 

584
00:28:00,080 --> 00:28:03,240
Essentially correct, Yep. 
So the term is loosely used, but

585
00:28:03,240 --> 00:28:08,000
it means collectible in general.
OK, So the way that so Augusta, 

586
00:28:08,000 --> 00:28:10,960
to be clear, Augusta never ever 
made the claim that the coins 

587
00:28:10,960 --> 00:28:13,920
were numismatic not one time. 
And that was because they knew 

588
00:28:13,920 --> 00:28:15,680
that this was going to be a 
problem. 

589
00:28:15,680 --> 00:28:19,960
You can't sell a numismatic coin
to be held in your IRA. 

590
00:28:20,240 --> 00:28:24,040
And that's the big, other big 
part of this is the IRA angle. 

591
00:28:24,040 --> 00:28:27,120
This these these guys aren't 
just selling you like for cash. 

592
00:28:27,120 --> 00:28:28,920
They're not calling you and 
saying, hey, what how much cash 

593
00:28:28,920 --> 00:28:31,320
you have in the bank post tax in
order for me to sell you this. 

594
00:28:31,680 --> 00:28:34,640
No, they're going specifically 
for 50 plus conservative 

595
00:28:34,640 --> 00:28:38,400
Christian IRA money. 
This is people's retirement 

596
00:28:38,400 --> 00:28:40,960
accounts. 
So, and that's very important to

597
00:28:40,960 --> 00:28:44,880
understand because that's where 
they make 99% of their money and

598
00:28:44,880 --> 00:28:46,280
that's every single one of these
guys. 

599
00:28:46,960 --> 00:28:51,400
So they enter into these 
exclusive contracts, they mint a

600
00:28:51,600 --> 00:28:54,480
very small amount, 200, three, 
100,000 coins. 

601
00:28:54,600 --> 00:28:57,720
And then they say, well, this 
coin is worth more. 

602
00:28:57,720 --> 00:29:01,640
The premium is more because 
there's only a limited supply, 

603
00:29:01,840 --> 00:29:04,400
but they're controlling the 
supply. 

604
00:29:04,600 --> 00:29:07,160
So their only reason there's a 
limited mintage is because they 

605
00:29:07,160 --> 00:29:11,240
chose to have a limited mintage.
So they're using basic economic 

606
00:29:11,240 --> 00:29:14,920
principles of supply and demand.
So they create the supply and 

607
00:29:14,920 --> 00:29:17,080
then they create, create fake 
demand. 

608
00:29:17,240 --> 00:29:20,320
So you're, you're a customer, 
you call in, say, Oh yeah, we 

609
00:29:20,320 --> 00:29:23,160
have this brand new coin. 
We're only minting 200,000 of 

610
00:29:23,160 --> 00:29:24,760
them. 
We've already sold 100,000. 

611
00:29:24,760 --> 00:29:27,720
We're going to have 200 and 
200,000 left, whatever. 

612
00:29:27,720 --> 00:29:33,200
And that's why this coin is 
worth 2X what your typical 

613
00:29:33,200 --> 00:29:36,040
Silver American Eagle would be. 
And that that's a very 

614
00:29:36,040 --> 00:29:38,960
rudimentary way of going about 
selling the coin, but that's one

615
00:29:38,960 --> 00:29:41,520
of the tactics used there. 
But the reality is they're not 

616
00:29:41,520 --> 00:29:43,240
worth any more than a Silver 
American Eagle. 

617
00:29:43,240 --> 00:29:45,560
In fact, they're worth less 
because if that business goes 

618
00:29:45,560 --> 00:29:49,440
defunct like Merit Financial 
did, your coins are now worth 

619
00:29:49,680 --> 00:29:52,440
$0.00. 
In fact, they're worth less than

620
00:29:52,440 --> 00:29:56,080
the ask price because there's no
secondary market for your coin. 

621
00:29:56,240 --> 00:29:59,840
So what I mean by that is if I 
buy a Silver American Eagle, I 

622
00:29:59,840 --> 00:30:02,520
can go to any mom and pop shop 
around here, I can go to any 

623
00:30:02,520 --> 00:30:06,720
online retailer and I can resell
that Silver American Eagle very 

624
00:30:06,720 --> 00:30:08,560
easily. 
They know what the coin is, they

625
00:30:08,560 --> 00:30:10,400
know when it, when and where it 
was minted. 

626
00:30:10,560 --> 00:30:12,840
They know how much the value is.
They know what the premium is 

627
00:30:12,840 --> 00:30:15,800
going for, right? 
So very easy, but if I bring 

628
00:30:15,800 --> 00:30:19,200
them one of the coins from 
Augusta or Merit Financial or 

629
00:30:19,200 --> 00:30:21,640
one of these other companies, 
these premium and these 

630
00:30:21,640 --> 00:30:24,960
exclusive coins, because they're
exclusive to Augusta, they have 

631
00:30:24,960 --> 00:30:28,240
the sole ability to distribute 
in the primary market. 

632
00:30:28,440 --> 00:30:32,160
So you sell me this coin, I have
the your coin and now I go to a 

633
00:30:32,160 --> 00:30:33,640
mom and pop shop. 
They're going to go, I don't 

634
00:30:33,640 --> 00:30:35,280
know what this coin is. 
This isn't worth. 

635
00:30:35,360 --> 00:30:38,680
Anything, it's melt value at 
best, which is that ask and then

636
00:30:38,680 --> 00:30:40,400
maybe some less than that 
because they're still going to 

637
00:30:40,400 --> 00:30:42,280
want to make a profit on it when
they buy it from you. 

638
00:30:42,280 --> 00:30:44,040
Correct. 
So melt value isn't actually 

639
00:30:44,040 --> 00:30:45,960
asks. 
And this is where it gets 

640
00:30:45,960 --> 00:30:49,080
confusing because terms are used
interchangeably, the melt value 

641
00:30:49,080 --> 00:30:52,280
is actually typically less than 
ask because ask is what the Troy

642
00:30:52,280 --> 00:30:54,840
oz is actually worth. 
But then you're not taking into 

643
00:30:54,840 --> 00:30:59,520
account what the dealer or you 
know, pawn shop or whatever it 

644
00:30:59,520 --> 00:31:02,120
is. 
They're going to the cost that 

645
00:31:02,120 --> 00:31:03,680
they're going to incur to melt 
that coin. 

646
00:31:03,680 --> 00:31:05,400
Because what they're going to do
is they're going to take all 

647
00:31:05,400 --> 00:31:08,160
their silver, all their gold 
that is to them worthless, has 

648
00:31:08,160 --> 00:31:10,040
no secondary market. 
They're going to put it in a 

649
00:31:10,040 --> 00:31:13,360
melting pot and they're going to
make bars or coins or they're 

650
00:31:13,360 --> 00:31:15,640
going to sell it to someone else
so that they can make bars or 

651
00:31:15,640 --> 00:31:17,840
coins. 
So really the melt value is less

652
00:31:17,840 --> 00:31:20,160
than ask. 
So it's you're going to get 2 to

653
00:31:20,160 --> 00:31:22,720
5% less than ask. 
It's going to go in a melt pot 

654
00:31:22,720 --> 00:31:25,520
and it's going to go away 
because there's no secondary 

655
00:31:25,520 --> 00:31:27,680
market. 
So if a company goes out of 

656
00:31:27,680 --> 00:31:31,200
business like Merit Financial, 
like metals.com, like Red Rock 

657
00:31:31,200 --> 00:31:34,480
Secured, which was a company I 
mentioned, Shade Johnson Kelly, 

658
00:31:34,480 --> 00:31:37,040
that was his company. 
They were sued by the SEC and 

659
00:31:37,040 --> 00:31:38,960
CFTC for the exact same reason 
that. 

660
00:31:38,960 --> 00:31:39,840
Yeah. 
What were they called again? 

661
00:31:40,600 --> 00:31:43,640
Red Rock secured is what they're
called so and we'll there's a. 

662
00:31:43,640 --> 00:31:45,360
Couple other one, I feel like 
there was one that was called 

663
00:31:45,360 --> 00:31:47,720
maybe Olympic or Olympian or 
something to that. 

664
00:31:47,880 --> 00:31:48,720
I mean, there's a number of 
these. 

665
00:31:48,720 --> 00:31:50,640
They, they, they pop up and they
go away. 

666
00:31:50,880 --> 00:31:55,160
Correct. 
And so the so then so they have 

667
00:31:55,160 --> 00:31:57,200
this contract, they have the 
sole use. 

668
00:31:57,360 --> 00:32:00,760
So they're creating fake supply,
they're creating fake demand. 

669
00:32:00,960 --> 00:32:05,080
And then it's about hard sales. 
Then it's about can I sell you 

670
00:32:05,080 --> 00:32:06,240
that coin? 
Kyle? 

671
00:32:06,240 --> 00:32:09,120
Can you, when you call in and 
you tell me, hey, I saw your 

672
00:32:09,120 --> 00:32:13,200
advertisement on this show and 
I'm really interested in finding

673
00:32:13,200 --> 00:32:15,360
out more. 
Can I qualify you? 

674
00:32:15,480 --> 00:32:17,720
Pre qualification is usually 
$25,000. 

675
00:32:17,720 --> 00:32:20,200
They're not going to deal with 
you unless you have 25 grand or 

676
00:32:20,200 --> 00:32:22,640
more. 
You get pre qualified by a 

677
00:32:22,640 --> 00:32:26,160
salesman, usually what we call a
junior salesman or they call 

678
00:32:26,160 --> 00:32:28,280
them grain, meaning they've got 
no experience. 

679
00:32:28,400 --> 00:32:33,080
Their job is basically to learn 
from their, their account 

680
00:32:33,080 --> 00:32:37,400
executive, the guy, the next guy
up, and while learning they pre 

681
00:32:37,400 --> 00:32:39,480
qualify. 
So let's say that you and I are 

682
00:32:39,480 --> 00:32:40,480
working together. 
We're A-Team. 

683
00:32:40,480 --> 00:32:43,480
I'm your opener. 
I get a call from Susie. 

684
00:32:43,480 --> 00:32:46,280
Susie says I have $30,000. 
I pre qualify. 

685
00:32:46,280 --> 00:32:49,000
I vet, I make sure it's 
legitimate and then I pass them 

686
00:32:49,000 --> 00:32:50,600
off to you. 
What is that? 

687
00:32:51,080 --> 00:32:53,040
Yeah, just for people because I,
I think a lot of the folks are 

688
00:32:53,040 --> 00:32:55,360
going to be interested in what 
that call looks like. 

689
00:32:55,520 --> 00:32:57,680
What is the pre qualify? 
This is a checklist, obviously, 

690
00:32:57,680 --> 00:32:58,640
where they're going to try to 
check it. 

691
00:32:58,640 --> 00:33:00,120
What are they? 
What are they specifically 

692
00:33:00,120 --> 00:33:01,680
looking for in order to pre 
qualify? 

693
00:33:01,720 --> 00:33:06,800
Do you have $25,000 or more of 
liquid cash or assets? 

694
00:33:06,800 --> 00:33:08,840
You could have other assets. 
So you could have silver 

695
00:33:08,840 --> 00:33:12,520
American Eagles or gold American
Eagles in your account that we 

696
00:33:12,520 --> 00:33:15,640
can. 
So if you have assets in terms 

697
00:33:15,640 --> 00:33:17,960
of silver, gold American eagles,
can we flip you out, what we 

698
00:33:17,960 --> 00:33:20,560
call flip you out of those into 
the premium assets? 

699
00:33:20,560 --> 00:33:22,800
That is, we are going to buy 
those from you and then sell you

700
00:33:22,800 --> 00:33:26,040
the premium and then and then 
we'll sell them to a wholesaler.

701
00:33:26,040 --> 00:33:28,480
And this is specifically 
retirement account assets? 

702
00:33:28,480 --> 00:33:29,960
So. 
Do you have, let's say you have 

703
00:33:29,960 --> 00:33:33,960
$100,000 in your IRA right now 
or your 4O1K that that would be 

704
00:33:33,960 --> 00:33:35,000
good? 
That'd be enough? 

705
00:33:35,120 --> 00:33:36,440
Yep. 
Plenty. 

706
00:33:36,640 --> 00:33:39,920
And our goal is to take you out 
of you and I are selling. 

707
00:33:39,920 --> 00:33:41,720
We're, we're going to go scam 
somebody because that's what 

708
00:33:41,720 --> 00:33:43,920
this sounds like to me. 
And I worked in sales for long 

709
00:33:43,920 --> 00:33:46,200
enough to understand what a 
legit sale and what the scam 

710
00:33:46,200 --> 00:33:48,120
looks like. 
But my, my goal with you, you're

711
00:33:48,120 --> 00:33:50,280
going to pre qualify. 
You're making sure, do you have 

712
00:33:50,280 --> 00:33:51,920
100K? 
Do you have 30 K plus or 

713
00:33:51,920 --> 00:33:54,880
whatever in your individual 
retirement account, in your 4O1K

714
00:33:55,000 --> 00:33:58,360
mutual funds stocks could be 
precious metals, doesn't matter.

715
00:33:58,360 --> 00:33:59,960
We're going to try to flip you 
out of them. 

716
00:34:00,000 --> 00:34:00,920
Is that correct? 
Correct. 

717
00:34:00,960 --> 00:34:02,040
Absolutely. 
OK. 

718
00:34:02,360 --> 00:34:04,000
It's usually asking real 
strange. 

719
00:34:04,480 --> 00:34:06,240
Usually it's not stocks. 
Usually it would be just like 

720
00:34:06,240 --> 00:34:10,320
liquid assets, cash or other 
physical assets like silver or 

721
00:34:10,320 --> 00:34:11,719
gold. 
American Eagles is what we'd 

722
00:34:11,719 --> 00:34:12,400
look for. 
OK. 

723
00:34:12,400 --> 00:34:15,719
They wouldn't want to see 
somebody necessarily cash out of

724
00:34:15,719 --> 00:34:17,679
a mutual fund and then turn 
around and reinvest that 

725
00:34:17,679 --> 00:34:18,880
person's. 
Not yeah, they would. 

726
00:34:18,920 --> 00:34:20,159
They would so, but they 
wouldn't. 

727
00:34:20,520 --> 00:34:23,280
I don't know that we would 
necessarily encourage that. 

728
00:34:23,520 --> 00:34:26,600
Well, actually they would. 
They would encourage it, but I 

729
00:34:27,040 --> 00:34:28,440
obviously we wouldn't deal in 
the stocks. 

730
00:34:28,440 --> 00:34:30,280
It would be like, hey, sell 
those and then when you have the

731
00:34:30,280 --> 00:34:32,000
cash come back to us, right? 
Sure. 

732
00:34:32,000 --> 00:34:34,880
So like I'm, I'm using swab, I 
can easily liquid, I I can hit, 

733
00:34:35,040 --> 00:34:37,040
you know, sell right now and I 
can have that liquid in my 

734
00:34:37,040 --> 00:34:38,480
Schwab account, No. 
Problem, Yeah, yeah. 

735
00:34:38,480 --> 00:34:39,920
So in that case, yeah, that 
would be true. 

736
00:34:40,040 --> 00:34:41,880
It's just obviously I've never 
dealt with that because I 

737
00:34:41,880 --> 00:34:44,719
wouldn't be taking, I wouldn't 
take your, your stocks and 

738
00:34:44,719 --> 00:34:46,560
switch them out for assets, 
right, Sure. 

739
00:34:46,560 --> 00:34:48,400
Physical assets. 
So, yeah, absolutely. 

740
00:34:48,400 --> 00:34:51,320
I mean, if, if, look, if you had
more than $25,000, they're going

741
00:34:51,320 --> 00:34:53,360
to work with you because you're 
going to remember the salesman 

742
00:34:53,360 --> 00:34:58,960
are making anywhere between 7 to
50, 15% Commission, maybe 20%. 

743
00:34:58,960 --> 00:35:02,120
I think at one point we did 20% 
on as we were getting going as 

744
00:35:02,120 --> 00:35:05,280
we're ramping up in order to 
entice salesman from the other 

745
00:35:05,280 --> 00:35:07,680
companies to quit there and come
work for us. 

746
00:35:07,720 --> 00:35:11,640
So we were like, hey, we'll give
you 20% + a signing bonus of 

747
00:35:11,680 --> 00:35:15,280
like 10 grand if you come work 
for us because the up, the 

748
00:35:15,280 --> 00:35:18,880
upside of that is where our 
profit margin is like 20% net 

749
00:35:18,960 --> 00:35:20,320
after. 
That's after spending millions 

750
00:35:20,320 --> 00:35:22,840
on Fox, as I said, after 
Newsmax, that's after paying the

751
00:35:22,840 --> 00:35:25,360
commission's Commission 
salespeople, that's after paying

752
00:35:25,360 --> 00:35:29,560
the administration like 20. 
You're talking 1520% net profit 

753
00:35:29,560 --> 00:35:31,040
margin. 
So we're doing. 

754
00:35:31,160 --> 00:35:33,320
The company. 
Of the company, so we're doing 

755
00:35:33,320 --> 00:35:35,800
forty $45 million, we're in like
5 million. 

756
00:35:35,920 --> 00:35:40,560
So this is after all, payroll, 
all expenses, everything. 

757
00:35:40,920 --> 00:35:42,280
That's what I want to pump the 
brakes on. 

758
00:35:42,280 --> 00:35:45,800
So my my limited experience in 
any of these gold companies and 

759
00:35:45,800 --> 00:35:48,400
it doesn't matter whether it's 
an Alpha Gold or a Birch Gold or

760
00:35:48,400 --> 00:35:51,400
a Gold Co or you name it, they 
all have the same sort of idea. 

761
00:35:51,400 --> 00:35:55,360
They're all selling these very 
limited run exclusive premium 

762
00:35:55,360 --> 00:35:58,080
types of coinage and they're all
looking for gold Iras. 

763
00:35:58,840 --> 00:36:01,440
And so if you and I are working 
in the sales team and you're the

764
00:36:01,440 --> 00:36:03,280
junior guy and you say, OK, do 
you have a IRA? 

765
00:36:03,280 --> 00:36:05,280
What's your IRA worth? 
Oh, it's worth 150,000. 

766
00:36:05,280 --> 00:36:07,120
It's worth 100,000. 
That's a real easy number to 

767
00:36:07,120 --> 00:36:08,960
work with here. 
So you got 100,000. 

768
00:36:08,960 --> 00:36:11,000
OK, what is it in? 
It's in mutual funds, it's in 

769
00:36:11,000 --> 00:36:13,120
stocks. 
It's in, it's in eagles, you 

770
00:36:13,120 --> 00:36:14,880
know, gold eagles or silver 
eagles or whatever. 

771
00:36:15,080 --> 00:36:18,360
And we want to liquidate that. 
My as a sales guy who knows how 

772
00:36:18,360 --> 00:36:20,200
to be unscrupulous because I 
know what that looks like. 

773
00:36:20,280 --> 00:36:22,440
I'm not, but that's how I know 
what it looks like because I've 

774
00:36:22,440 --> 00:36:24,160
seen scams. 
It's like, well, now I need to 

775
00:36:24,160 --> 00:36:25,520
just put you a little bit of 
fear into you. 

776
00:36:25,800 --> 00:36:27,560
The market's really vulnerable 
right now. 

777
00:36:27,600 --> 00:36:30,440
There's trade tariffs coming in 
in you could see a total drop in

778
00:36:30,440 --> 00:36:32,880
your assets. 
You won't have any value left if

779
00:36:32,880 --> 00:36:35,440
you you know, close it out, put 
it in something safe, stable, 

780
00:36:35,440 --> 00:36:38,240
secure, gold, silver. 
This is the pitch I've seen the 

781
00:36:38,240 --> 00:36:40,560
pitch you have to right, This is
what these guys are going to do.

782
00:36:40,840 --> 00:36:43,960
So now we're going to get you to
buy in and you're saying that 

783
00:36:43,960 --> 00:36:47,680
after they do that sale and they
get $100,000 for somebody to 

784
00:36:47,680 --> 00:36:49,240
tell us, just use that number 
because it's easy. 

785
00:36:49,440 --> 00:36:52,320
They're going to pay $20,000 to 
the sales guy who did the 

786
00:36:52,320 --> 00:36:54,960
conversion they. 
We did for the first few months,

787
00:36:54,960 --> 00:36:58,280
I think it was, was it right? 
It was just 20,000. 

788
00:36:58,320 --> 00:37:00,160
It was right. 
It was right at 20%. 

789
00:37:00,440 --> 00:37:02,600
And we did it for a very limited
time because it's not. 

790
00:37:02,640 --> 00:37:05,120
That isn't sustainable, right? 
So no, I was going to say that's

791
00:37:05,120 --> 00:37:06,280
that's a shocking amount of 
money. 

792
00:37:06,280 --> 00:37:08,440
But if they did what? 
What was the sustainable about 

793
00:37:08,440 --> 00:37:10,840
15? 
Usually we would do between 7:00

794
00:37:10,840 --> 00:37:12,480
and 10:00. 
OK, so let's. 

795
00:37:12,480 --> 00:37:13,960
Say so even at 10, that's 10 
grand. 

796
00:37:13,960 --> 00:37:16,320
Like, and here's the thing, 
that's $10,000 of your 

797
00:37:16,320 --> 00:37:18,760
retirement money that you worked
your whole life for. 

798
00:37:19,160 --> 00:37:21,360
And I'm going to take 10%. 
Whole life and I'm going to take

799
00:37:21,360 --> 00:37:25,920
10% now do you think if I LED as
a salesman with hey when you buy

800
00:37:25,920 --> 00:37:28,960
these assets that I'm hard 
selling you you don't want these

801
00:37:28,960 --> 00:37:32,040
you're calling you've done some 
preliminary research you know 

802
00:37:32,040 --> 00:37:34,640
that gold and silver American 
eagles are the go to but you 

803
00:37:34,640 --> 00:37:40,560
call me excuse me but you call 
me and I hard sell you excuse me

804
00:37:40,560 --> 00:37:45,880
no take your time on on these 
assets and I if I were to tell 

805
00:37:45,880 --> 00:37:48,040
you upfront I don't want you to 
buy these gold and silver 

806
00:37:48,040 --> 00:37:49,720
American eagles. 
I want you to buy these coins 

807
00:37:49,720 --> 00:37:52,400
that I'm hard selling you and 
I'm pushing you to buy right and

808
00:37:52,400 --> 00:37:55,360
that's the thing I'm pushing you
to buy I'm going to keep 10% 

809
00:37:55,400 --> 00:37:59,040
like 10% will be paid to me 
That's right John Doe directly. 

810
00:37:59,160 --> 00:38:01,960
Do you think anyone in their 
right minds would ever? 

811
00:38:02,520 --> 00:38:04,400
I'm missing that. 
Why would I give you 10%? 

812
00:38:04,480 --> 00:38:06,680
Of yeah, but let's even zoom 
further out because you 

813
00:38:06,720 --> 00:38:09,640
mentioned not only are they 
going to pay the sales guy 10%, 

814
00:38:09,640 --> 00:38:12,280
so he's going to take $10,000 
from your hundred, they are 

815
00:38:12,280 --> 00:38:14,080
going to take some of it. 
That's going to offset the 

816
00:38:14,080 --> 00:38:17,120
advertising couple percentage 
points there because they got 

817
00:38:17,120 --> 00:38:19,440
you from Fox. 
So it costs money to go there. 

818
00:38:19,600 --> 00:38:21,720
And then you said at the end of 
the day, the company is still 

819
00:38:21,720 --> 00:38:26,400
going to harvest 20%. 15 to 20%.
That's called 15. 

820
00:38:26,600 --> 00:38:29,960
And and if you go economies of 
scale here, that's that's just 

821
00:38:29,960 --> 00:38:31,360
what we're guess we're small 
fish. 

822
00:38:31,360 --> 00:38:33,240
We were just a small fish, big 
pond. 

823
00:38:33,600 --> 00:38:36,520
But we're talking about your 
$100,000 that you've spent your 

824
00:38:36,520 --> 00:38:41,160
life putting away, that you've 
put away at $7000 a year if you 

825
00:38:41,160 --> 00:38:43,400
maxed out your contributions 
kind of deal, right? 

826
00:38:43,400 --> 00:38:45,120
Or maybe put it away at $5000 a 
year. 

827
00:38:45,120 --> 00:38:48,040
Most people don't even have 400 
bucks to rub together and 

828
00:38:48,040 --> 00:38:51,960
someone's going to take $25,000 
of your 100 grand right off the 

829
00:38:51,960 --> 00:38:54,240
top before anything happens, is 
that correct? 

830
00:38:54,360 --> 00:38:57,200
Correct. 
Well, well more because then the

831
00:38:57,200 --> 00:38:59,200
rest that goes through the net 
profit is still retained by the 

832
00:38:59,200 --> 00:39:01,160
company. 
So the reality is so the numbers

833
00:39:01,160 --> 00:39:03,320
shake out like this. 
So let's let's do an actual 

834
00:39:03,320 --> 00:39:04,640
trade. 
Let's do an actual trade. 

835
00:39:04,760 --> 00:39:06,600
OK, let's do it. 
You call in, you want to buy. 

836
00:39:07,960 --> 00:39:10,040
Let's use easy numbers because 
it's super easy to follow, 

837
00:39:10,040 --> 00:39:13,400
$100,000 you have $100,000. 
You call in, you want to buy 

838
00:39:13,400 --> 00:39:16,120
$100,000 of assets. 
Let's skip the sales process and

839
00:39:16,120 --> 00:39:19,160
go straight to the meat of this.
Let's say you agree to buy these

840
00:39:19,160 --> 00:39:23,960
assets of, so we sell you 
$100,000 of what we call premium

841
00:39:25,080 --> 00:39:29,040
Gold. 
Our markup is over 100%, OK, So 

842
00:39:29,040 --> 00:39:32,360
it's double what you'd pay for a
typical Gold American Eagle. 

843
00:39:32,520 --> 00:39:38,160
Our markup's over 100% and our 
spread is is 29%. 

844
00:39:38,640 --> 00:39:41,760
So what that means is what the 
spread means is you call and you

845
00:39:41,760 --> 00:39:45,160
buy from me and you give me 
$100,000. 

846
00:39:45,160 --> 00:39:48,240
I'd give you your assets. 
Let's say that to the same day 

847
00:39:48,720 --> 00:39:51,120
you get into a horrible accident
or something and you need that 

848
00:39:51,120 --> 00:39:53,600
money back and we say, well, 
we've already purchased the 

849
00:39:53,600 --> 00:39:56,440
assets for you and, and in order
for you to sell them back to us,

850
00:39:56,440 --> 00:39:59,720
we're going to we're going to 
only pay you the spread, which 

851
00:39:59,720 --> 00:40:03,520
is 29%. 
That means that if you were to 

852
00:40:03,520 --> 00:40:08,720
buy and sell on the same day, we
would only give you $71,000 of 

853
00:40:08,720 --> 00:40:12,400
your $100,000 back. 
How many companies do you think?

854
00:40:12,720 --> 00:40:14,760
Disclose their spread. 
I bet none. 

855
00:40:14,920 --> 00:40:17,840
There's one instance where there
was a company that was sued 

856
00:40:17,840 --> 00:40:20,920
because of this and they ended 
up lowering their spread. 

857
00:40:20,920 --> 00:40:23,800
They still have the same 
business model, but they lowered

858
00:40:23,800 --> 00:40:27,640
their spread and disclosed it to
to the their clients because 

859
00:40:27,640 --> 00:40:30,760
they were sued into doing so. 
And they still exist today that 

860
00:40:30,760 --> 00:40:34,840
lawsuits out there. 
And but this is prevalent. 

861
00:40:34,840 --> 00:40:37,760
This is every single company. 
And The thing is that the shade 

862
00:40:37,760 --> 00:40:40,400
Johnson Kelly's, who was 
Augusta's VP that started red 

863
00:40:40,400 --> 00:40:42,800
Rock secured. 
He doesn't care about that 

864
00:40:42,800 --> 00:40:46,640
because he can set up a he can 
set up a precious metals company

865
00:40:47,160 --> 00:40:51,640
and he can sell those assets at 
100% markup. 

866
00:40:51,640 --> 00:40:54,520
He can take his 20% non profit. 
He only has to operate from one 

867
00:40:54,520 --> 00:40:57,280
year and he's a multi multi 
millionaire, multi multi 

868
00:40:57,280 --> 00:40:58,480
millionaire. 
And he was one of the best 

869
00:40:58,480 --> 00:41:03,600
salesman we had at Augusta. 
You, you and then he gets shut 

870
00:41:03,600 --> 00:41:06,760
down and then you have a group 
of folks from his company who 

871
00:41:06,760 --> 00:41:10,200
then start their own company or 
maybe 2 like with merit, two 

872
00:41:10,200 --> 00:41:13,160
groups of people split off and 
they go start. 

873
00:41:13,160 --> 00:41:16,600
So now you have from out of the 
ashes of the phoenix, two rise, 

874
00:41:16,680 --> 00:41:18,520
and this is like. 
Freaking gremlins, man. 

875
00:41:18,520 --> 00:41:20,640
Like you feed them after they, 
you know, you kill one and they,

876
00:41:20,720 --> 00:41:23,200
they multiply and they just pop 
up because everybody sees that 

877
00:41:23,200 --> 00:41:25,480
there's money to be had and all 
you got to do is change the 

878
00:41:25,480 --> 00:41:27,480
name, hang a new shingle, start 
a new call center. 

879
00:41:27,560 --> 00:41:30,440
It requires almost nothing. 
You're you're up, your startup 

880
00:41:30,440 --> 00:41:32,680
is nothing and. 
They're all stealing from each 

881
00:41:32,720 --> 00:41:35,280
other. 
So when Shade left Augusta, he 

882
00:41:35,280 --> 00:41:39,160
stole Augusta's leads and he 
went and started and I, and I 

883
00:41:39,160 --> 00:41:41,800
laugh and I, it's not funny. 
But it's just, this is the 

884
00:41:41,800 --> 00:41:44,000
degeneracy of the industry, 
right? 

885
00:41:44,280 --> 00:41:49,080
Because the merit got sued into 
the ground and the how we 

886
00:41:49,080 --> 00:41:52,280
started was we used merits 
stolen lead database that was 

887
00:41:52,280 --> 00:41:54,720
brought by one of the other 
guys, right? 

888
00:41:55,000 --> 00:41:58,520
And then Shade and Isaac get 
into a dispute about salary. 

889
00:41:58,880 --> 00:42:02,920
Shade was making like 750,000 + 
a year by the way, working 30 

890
00:42:02,920 --> 00:42:06,720
hours a week, right? 
Getting a 1 1/2% override on all

891
00:42:06,720 --> 00:42:08,880
of the sales in the sales floor 
because he was the sales floor 

892
00:42:08,880 --> 00:42:11,360
manager. 
So that sales floor is pulling 

893
00:42:11,360 --> 00:42:14,000
in, you know, 1,000,000 bucks. 
He gets a a point and a half 

894
00:42:14,000 --> 00:42:16,520
just for showing up, doesn't 
have to do any work and then he 

895
00:42:16,520 --> 00:42:19,560
gets a cut. 
If a guy cannot sell hard sell a

896
00:42:19,560 --> 00:42:21,840
client. 
They would do what what's called

897
00:42:22,280 --> 00:42:26,720
a why my blanket on this 
basically an override where they

898
00:42:26,720 --> 00:42:30,040
would confirm the client. 
What we would say confirm is we 

899
00:42:30,040 --> 00:42:31,800
have agreed to sell you the 
assets. 

900
00:42:32,040 --> 00:42:34,600
And then we let them sit for a 
couple of days and then shade 

901
00:42:34,600 --> 00:42:38,560
calls and says, Hey, I was just 
reviewing your portfolio. 

902
00:42:38,560 --> 00:42:41,200
And Matt, I really think you're 
making a bad decision here, 

903
00:42:41,360 --> 00:42:43,040
right? 
So you've had the hard sell. 

904
00:42:43,240 --> 00:42:45,840
You've had the guy sometimes 
screaming at you on the film 

905
00:42:45,840 --> 00:42:47,280
that you're an idiot. 
You don't know what you're 

906
00:42:47,280 --> 00:42:48,920
talking about. 
I know what I'm talking about. 

907
00:42:48,920 --> 00:42:50,320
I've done this for 50 years. 
I've seen that. 

908
00:42:50,320 --> 00:42:52,720
By the way, I'm you're dumb. 
I'm not going to sell you these 

909
00:42:52,720 --> 00:42:55,280
things. 
I've seen salesman, just to give

910
00:42:55,280 --> 00:42:59,320
you an idea, when a client 
wouldn't buy the premium assets,

911
00:42:59,440 --> 00:43:06,240
send the money back to the 
client and said I'm not going to

912
00:43:06,240 --> 00:43:08,240
sell you these assets because I 
don't believe in these assets 

913
00:43:08,240 --> 00:43:10,200
and you're an idiot. 
I've been doing this forever. 

914
00:43:10,400 --> 00:43:11,960
I'm just going to send you your 
money back. 

915
00:43:12,160 --> 00:43:14,240
And they would, you'd send the 
money back because they don't 

916
00:43:14,240 --> 00:43:17,160
make Commission on bullion, they
don't make Commission on silver 

917
00:43:17,160 --> 00:43:19,480
and gold, American Eagles. 
So why would I sell you 

918
00:43:19,480 --> 00:43:21,960
something if it only benefits 
the company? 

919
00:43:21,960 --> 00:43:25,560
If it only benefits the company 
the three 3 to 5%, I don't get a

920
00:43:25,560 --> 00:43:28,040
cut of that. 
So to be clear, they actually 

921
00:43:28,040 --> 00:43:31,080
did also offer traditional 
products which would be bullion 

922
00:43:31,080 --> 00:43:32,640
coins, American Eagles, 
etcetera. 

923
00:43:32,800 --> 00:43:34,680
You could buy those. 
There's just no markup in it. 

924
00:43:34,680 --> 00:43:36,400
So there's no money in it for 
the sales guy. 

925
00:43:36,680 --> 00:43:39,280
So they are hard wired to go 
after the thing that's actually 

926
00:43:39,280 --> 00:43:41,240
going to make a money. 
Correct, absolutely. 

927
00:43:41,240 --> 00:43:44,240
The direct incentive is you sell
these premium coins. 

928
00:43:44,360 --> 00:43:46,720
If you don't sell a premium 
coins, if you showed up to work 

929
00:43:46,840 --> 00:43:49,880
and you had a whole week of not 
selling anything, let's say you 

930
00:43:49,880 --> 00:43:52,680
didn't sell anything, you get 
minimum wage, the minimum wage. 

931
00:43:52,960 --> 00:43:56,840
So, but if you sell, you earn 
seven and a half, 10 percent, 

932
00:43:56,840 --> 00:44:00,760
15% of the value of whatever 
that sale is. 

933
00:44:01,000 --> 00:44:03,600
And most of our sales were at 
least six figures. 

934
00:44:03,680 --> 00:44:06,160
You know, you had some that 
would be under 6 figures, but 

935
00:44:06,160 --> 00:44:07,760
the majority are over six 
figures. 

936
00:44:07,760 --> 00:44:10,600
You know, these are these are 
folks 50 + 60 + 70 plus 

937
00:44:10,760 --> 00:44:14,560
sometimes 80 plus that are 
investing a large portion if not

938
00:44:14,640 --> 00:44:17,320
all of their retirement into 
these assets. 

939
00:44:17,560 --> 00:44:19,560
So the salesman. 
Have a side of their home. 

940
00:44:19,560 --> 00:44:21,160
It's it's probably the majority 
of their network. 

941
00:44:21,560 --> 00:44:23,600
Correct. 
What you should never do, always

942
00:44:23,600 --> 00:44:27,080
diversify. 
Only hold about 20% Max in in 

943
00:44:27,160 --> 00:44:28,880
physical. 
If you're going to do that and 

944
00:44:28,880 --> 00:44:31,000
I'm not a financial advisor, 
talk to your financial advisor. 

945
00:44:31,320 --> 00:44:34,640
But do not invest all of your 
money into one asset. 

946
00:44:34,640 --> 00:44:37,320
This is just this is just 
investment one O 1. 

947
00:44:37,320 --> 00:44:40,440
Just don't do it and especially 
don't do it if you hear the term

948
00:44:40,440 --> 00:44:43,320
premium coin or exclusive coin 
or you're being hard sold an 

949
00:44:43,320 --> 00:44:45,120
asset you don't want. 
Stick to the gold and silver 

950
00:44:45,120 --> 00:44:46,640
American Eagles rule of thumb. 
Yeah. 

951
00:44:46,640 --> 00:44:50,040
What's crazy is so we've had, 
like I said, my previous guests 

952
00:44:50,200 --> 00:44:52,240
recommended that I have you on 
and talk about this. 

953
00:44:52,440 --> 00:44:54,800
He's seen it from his side where
people are trying to figure out 

954
00:44:54,800 --> 00:44:56,440
what to do. 
I've been basically swindled out

955
00:44:56,440 --> 00:44:59,320
of my whole life savings, what 
comes next And often times 

956
00:44:59,320 --> 00:45:01,920
because he is a reputable dealer
and he does, he's done $12 

957
00:45:01,920 --> 00:45:04,320
billion with the gold sales. 
Andy and I have talked plenty 

958
00:45:04,320 --> 00:45:07,560
offline as well, but he's done 
$12 billion for the bullion and 

959
00:45:07,560 --> 00:45:10,200
he makes 3 to 5% tops. 
Best case scenario. 

960
00:45:10,560 --> 00:45:12,920
You know, it's just it's a block
business. 

961
00:45:13,160 --> 00:45:15,040
It's cut throat market, like 
half a percent will lose you 

962
00:45:15,080 --> 00:45:17,680
$1,000,000 deal. 
I mean, really, that's what the 

963
00:45:17,680 --> 00:45:20,120
bullion deals are, but the 
premium deals aren't that way. 

964
00:45:20,480 --> 00:45:21,840
Right. 
And the and the real companies 

965
00:45:21,840 --> 00:45:24,960
that are doing this are buying. 
You know, I accidentally got one

966
00:45:24,960 --> 00:45:26,720
of his text messages that I 
don't think was meant for me, 

967
00:45:26,720 --> 00:45:28,680
but it was talking about the 
number of armored trucks or 

968
00:45:28,680 --> 00:45:31,960
semis they would have to have in
to bring in the bulk of the 

969
00:45:31,960 --> 00:45:33,400
value. 
Because the way that these guys 

970
00:45:33,400 --> 00:45:36,000
are able to make a living or be 
able to make even those margins 

971
00:45:36,360 --> 00:45:39,840
is by buying, you know, 10s of 
millions of dollars worth of 

972
00:45:39,840 --> 00:45:42,480
assets at any given time. 
And then they sell it out in the

973
00:45:42,480 --> 00:45:44,120
retail market. 
That's what the wholesale looks 

974
00:45:44,120 --> 00:45:45,240
like. 
So if you're going to do that 

975
00:45:45,240 --> 00:45:47,600
business, you're doing it on 
very, very slim margins and 

976
00:45:47,600 --> 00:45:49,520
you're doing it in bulk. 
That's the only way it happens. 

977
00:45:49,760 --> 00:45:53,240
These guys are doing crazy what 
you said, exclusive or premium 

978
00:45:53,240 --> 00:45:56,160
retail, and it's based on false 
scarcity is all that's what I 

979
00:45:56,160 --> 00:45:57,240
would call it. 
Is that accurate? 

980
00:45:57,240 --> 00:45:58,040
False. 
Scarcity, yeah. 

981
00:45:58,080 --> 00:46:00,160
So, so you're hitting the nail 
on the head. 

982
00:46:00,160 --> 00:46:03,520
So you have you have low margin,
high sales and you have high 

983
00:46:03,520 --> 00:46:05,960
margin, low sales. 
We're talking about high margin.

984
00:46:06,480 --> 00:46:09,360
Now they want to be high margin 
a lot of sales because then they

985
00:46:09,360 --> 00:46:11,600
make more money, right? 
All the executives make more 

986
00:46:11,600 --> 00:46:14,160
money. 
And I, I think what's important 

987
00:46:14,160 --> 00:46:16,640
is a lot of these guys are 
people you wouldn't trust 

988
00:46:16,640 --> 00:46:19,200
watching your kids. 
Literally, you know, you will 

989
00:46:19,200 --> 00:46:26,560
have degenerate gamblers, 
Alcoholics, you have just I mean

990
00:46:26,560 --> 00:46:28,960
you name it, your typical, I 
guess you could say 

991
00:46:28,960 --> 00:46:34,440
stereotypical salesman mentality
kind of environment. 

992
00:46:34,440 --> 00:46:38,640
You know, you think what? 
What was that one good this. 

993
00:46:38,640 --> 00:46:40,920
Is Glengarry Glen Roth. 
This is more in the room. 

994
00:46:40,920 --> 00:46:43,840
This is like guys who are 
basically hard selling asset. 

995
00:46:43,840 --> 00:46:45,680
You can go watch Wall Street you
can see. 

996
00:46:45,680 --> 00:46:46,760
There you go, Wolf of Wall 
Street. 

997
00:46:46,760 --> 00:46:48,440
There you go. 
Wolf of Wall Street or the 

998
00:46:48,440 --> 00:46:51,240
original Wall Street with 
watching it with what's his name

999
00:46:52,440 --> 00:46:53,280
now? 
I can't think of his name. 

1000
00:46:53,320 --> 00:46:54,960
He's so good. 
Michael Douglas is in there and 

1001
00:46:55,480 --> 00:46:58,160
and Charlie Sheen do it right. 
So they're they're they're out 

1002
00:46:58,160 --> 00:47:00,480
there hustling people for their 
money. 

1003
00:47:00,480 --> 00:47:03,440
They're doing 0 sum transactions
where if I take everything you 

1004
00:47:03,440 --> 00:47:06,560
have, I sleep at night just fine
because I go and wake up and 

1005
00:47:06,560 --> 00:47:08,960
drive to work in a in a Ferrari.
Yeah, and. 

1006
00:47:08,960 --> 00:47:10,360
I know who these people are, by 
the way. 

1007
00:47:10,360 --> 00:47:12,320
And then so do you. 
And so does some people don't 

1008
00:47:12,320 --> 00:47:15,080
realize how much, what capacity 
some human beings have for 

1009
00:47:15,080 --> 00:47:17,280
complete evil, where they're 
going to bankrupt an 80 year old

1010
00:47:17,280 --> 00:47:19,320
person who doesn't have another 
way of making a living, who's 

1011
00:47:19,320 --> 00:47:21,520
not going to recover from this. 
They're going to die penniless. 

1012
00:47:21,600 --> 00:47:22,400
Yeah. 
Absolutely. 

1013
00:47:22,400 --> 00:47:26,400
And you know, one of the things 
that that really like gets me is

1014
00:47:26,400 --> 00:47:29,720
so I worked with a, a guy named 
Jeremy Miller at the Washington 

1015
00:47:29,720 --> 00:47:31,520
Post. 
I had tried, I've tried, by the 

1016
00:47:31,520 --> 00:47:35,800
way, Kyle, for seven years now 
to get this story out there. 

1017
00:47:36,320 --> 00:47:40,320
I've posted on Jordan Peterson's
Reddit subreddit where you go, 

1018
00:47:40,400 --> 00:47:43,440
you know, write a letter to him.
I've post, I've sent emails to 

1019
00:47:43,440 --> 00:47:46,440
all of them, every single 
influencer that you can imagine 

1020
00:47:46,760 --> 00:47:49,440
from Hannity to Ben Shapiro to 
all these guys and just said, 

1021
00:47:49,440 --> 00:47:51,640
hey, there was a very good 
chance. 

1022
00:47:51,800 --> 00:47:54,000
You know, I don't have solid 
evidence. 

1023
00:47:54,200 --> 00:47:56,920
I'm not claiming they are doing 
this, but there is a very good 

1024
00:47:56,920 --> 00:48:00,360
chance that these guys operate 
in the same way that the company

1025
00:48:00,360 --> 00:48:03,280
I worked for operated in. 
Here's my whistleblower 

1026
00:48:03,280 --> 00:48:05,280
complaint. 
I redact all of the information 

1027
00:48:05,280 --> 00:48:07,200
that needs to be redacted. 
Here's my whistleblower 

1028
00:48:07,200 --> 00:48:09,680
complaint. 
Guys, you really should consider

1029
00:48:09,680 --> 00:48:11,960
not doing, not selling for these
companies. 

1030
00:48:11,960 --> 00:48:15,840
I because I believe that these 
guys, they're not complicit. 

1031
00:48:15,840 --> 00:48:19,200
I don't think that they know 
this is happening now, I think. 

1032
00:48:19,200 --> 00:48:20,320
They do. 
You think so? 

1033
00:48:20,320 --> 00:48:22,640
See I, I, I. 
I'm going to tell you why. 

1034
00:48:22,640 --> 00:48:25,800
I'm going to tell you why this 
this is slightly different than 

1035
00:48:25,800 --> 00:48:27,920
interview. 
This is just two guys sharing 

1036
00:48:27,920 --> 00:48:31,800
some information. 
So I launched a podcast in this 

1037
00:48:31,800 --> 00:48:35,600
podcast, we launched in February
of 2023, right? 

1038
00:48:36,000 --> 00:48:39,120
And I relatively quickly picked 
up a few 1000 followers, which 

1039
00:48:39,120 --> 00:48:41,040
is not enough to monetize, 
generally speaking. 

1040
00:48:41,280 --> 00:48:43,720
And we had a small company that 
jumped in with us right away. 

1041
00:48:43,800 --> 00:48:46,760
They were friends of family. 
They knew what my position was. 

1042
00:48:46,760 --> 00:48:49,120
They wanted to be part of it. 
I came at them and they said, 

1043
00:48:49,120 --> 00:48:50,560
how much is it going to cost to 
advertise? 

1044
00:48:50,560 --> 00:48:51,880
I said, I don't know, 10,000 
bucks a month. 

1045
00:48:51,880 --> 00:48:53,400
And they go, yeah, I don't think
that's going to cut it. 

1046
00:48:53,640 --> 00:48:55,960
So they came back with about a 
10th of that. 

1047
00:48:56,120 --> 00:48:57,480
And it's like, OK, fine, that 
makes sense. 

1048
00:48:57,480 --> 00:48:59,640
Yeah, I get it. 
I don't understand how cost per 

1049
00:48:59,640 --> 00:49:01,200
impressions work. 
I didn't understand how any of 

1050
00:49:01,200 --> 00:49:02,840
the business this worked and I 
didn't want to. 

1051
00:49:02,840 --> 00:49:05,040
It wasn't what I started doing. 
You know, I used to be an FBI 

1052
00:49:05,040 --> 00:49:05,880
agent. 
That was my gym. 

1053
00:49:06,200 --> 00:49:08,480
I was the guy that people called
when they got scammed and they 

1054
00:49:08,480 --> 00:49:11,640
bought coins at 20 times the 
cost and they spent 1/4 of 

1055
00:49:11,640 --> 00:49:13,960
$1,000,000 on a dozen coins that
didn't have that actual value. 

1056
00:49:14,200 --> 00:49:16,640
So that was my, you know, 
background into this and 

1057
00:49:16,640 --> 00:49:19,840
somebody came to me from one of 
the gold companies and they said

1058
00:49:19,840 --> 00:49:21,560
we're willing to, you know, 
would you like to talk about 

1059
00:49:21,760 --> 00:49:23,880
having a gold sponsor? 
The first thing that happens 

1060
00:49:23,880 --> 00:49:26,760
whenever you have a, a tiny 
audience is all the gold 

1061
00:49:26,760 --> 00:49:29,760
companies will reach out and the
people who are selling on their 

1062
00:49:29,760 --> 00:49:33,000
behalf, not a Ben Shapiro, but 
think several tiers below Ben 

1063
00:49:33,000 --> 00:49:35,600
Shapiro. 
The folks who have 20 or 30 or 

1064
00:49:35,600 --> 00:49:39,000
50,000 people in their audience,
you'll go on their show and a 

1065
00:49:39,000 --> 00:49:41,400
week or two later they'll call 
you up and say, you know, do you

1066
00:49:41,400 --> 00:49:43,240
have a gold sponsor? 
They all offer it. 

1067
00:49:43,280 --> 00:49:45,400
It's the first thing that I was 
offered every single time, 

1068
00:49:45,680 --> 00:49:47,960
multiple times over. 
Dale, do you have a gold 

1069
00:49:47,960 --> 00:49:48,880
sponsor? 
I said no. 

1070
00:49:48,960 --> 00:49:52,280
I. 
Do you think that they know that

1071
00:49:52,560 --> 00:49:55,000
this is how they operate? 
No, I don't. 

1072
00:49:55,000 --> 00:49:57,040
And this is so this is there's 
it's, it's a level of 

1073
00:49:57,040 --> 00:49:59,440
understanding, right. 
And and So what I think happens 

1074
00:49:59,440 --> 00:50:02,240
here is I think that when I got 
the call and they said, do you 

1075
00:50:02,240 --> 00:50:03,560
have a gold sponsor? 
I said no. 

1076
00:50:03,800 --> 00:50:05,600
And they said, can I put you in 
touch with my gold guy? 

1077
00:50:05,720 --> 00:50:07,680
And I went sure. 
I'm in the business of making 

1078
00:50:07,720 --> 00:50:10,920
connections, no big deal. 
And somebody says, you know, 

1079
00:50:11,280 --> 00:50:13,920
they'll pay you $3000 a month 
plus 10% of everything that 

1080
00:50:13,920 --> 00:50:18,480
closes that you refer to them 
$3000 a month plus 10 + 10% of 

1081
00:50:18,480 --> 00:50:21,560
the of the close. 
Are you, how is that possible? 

1082
00:50:21,640 --> 00:50:24,520
Maybe it's 5%, maybe it's 1 
1/2%. 

1083
00:50:24,640 --> 00:50:27,920
But in a business that has 3% 
margins, you're not paying me 

1084
00:50:27,920 --> 00:50:31,520
upfront a dollar per follower 
that I have or a dollar per 

1085
00:50:31,520 --> 00:50:33,960
prescriber. 
That's not physically possible 

1086
00:50:33,960 --> 00:50:36,840
to be able to make a dollar 
unless you're charging 100%. 

1087
00:50:37,120 --> 00:50:39,120
And from what Andy Scheckman 
told me, some of these people 

1088
00:50:39,120 --> 00:50:42,920
are charging 200% premiums and 
no problem doing if they can do 

1089
00:50:42,920 --> 00:50:44,040
it. 
So if they're going to go out 

1090
00:50:44,040 --> 00:50:45,880
there and get a niche market, 
they're going to go find the 

1091
00:50:45,880 --> 00:50:47,560
Kyle Seraphin show audience. 
They're going to find the Dale 

1092
00:50:47,560 --> 00:50:49,000
Whitaker show. 
They're going to say, yo, you 

1093
00:50:49,000 --> 00:50:51,240
got a podcast, you got a couple 
couple 1000 people and they 

1094
00:50:51,240 --> 00:50:53,680
trust you because you've built 
up a reputation on being someone

1095
00:50:53,680 --> 00:50:56,200
who says true things. 
That's when they get, they go to

1096
00:50:56,200 --> 00:50:58,480
those people. 
So as a guy who sits here who's 

1097
00:50:58,480 --> 00:51:01,000
scrupulous, if you offer me 
money that's too good to be 

1098
00:51:01,000 --> 00:51:03,040
true, it doesn't make sense for 
what I'm doing and nobody else 

1099
00:51:03,040 --> 00:51:05,240
is going to pay it. 
There's something's going on. 

1100
00:51:05,400 --> 00:51:06,600
I just knew right away that it 
was wrong. 

1101
00:51:06,600 --> 00:51:08,760
I didn't know the mechanism. 
I learned the mechanism from 

1102
00:51:08,760 --> 00:51:10,320
Andy. 
I'm learning it even more from 

1103
00:51:10,320 --> 00:51:12,320
you. 
So that makes sense and I can 

1104
00:51:12,320 --> 00:51:14,040
tell you that you should there 
should have been some questions 

1105
00:51:14,040 --> 00:51:17,160
for these people and and I. 
Agree and some of them and and 

1106
00:51:17,280 --> 00:51:19,120
and what's interesting is some 
of these guys have been doing 

1107
00:51:19,160 --> 00:51:21,280
have been advertising for these 
guys for 20 years and have 

1108
00:51:21,280 --> 00:51:24,120
literally made their millions 
and millions off of this so 

1109
00:51:24,120 --> 00:51:24,480
that's. 
Right. 

1110
00:51:24,520 --> 00:51:27,760
They've literally, they've, 
they've built old people for 

1111
00:51:27,800 --> 00:51:30,760
every penny that they had and 
squeezed them out and made them 

1112
00:51:30,760 --> 00:51:34,120
penniless so that their audience
will die in poverty so that they

1113
00:51:34,120 --> 00:51:38,640
can drive a Rolls Royce. 
I mean, for me, this is really 

1114
00:51:38,640 --> 00:51:40,920
evil, you know? 
OK, so you're working in there. 

1115
00:51:40,920 --> 00:51:43,120
How how much of that did you 
understand as you were working? 

1116
00:51:43,120 --> 00:51:44,320
Kind of give me the progression 
as you were. 

1117
00:51:44,320 --> 00:51:45,640
Working, yeah. 
So this and then and I was going

1118
00:51:45,640 --> 00:51:47,520
to get to that because this is I
know that there's going to be a 

1119
00:51:47,520 --> 00:51:48,960
bunch of people going 
something's not right here. 

1120
00:51:48,960 --> 00:51:51,880
How did you not know? 
So I think segregation was part 

1121
00:51:51,880 --> 00:51:54,720
of the the the process. 
So remember I'm working remotely

1122
00:51:54,720 --> 00:51:58,120
in Washington state and the 
office is in LA, so I was only 

1123
00:51:58,120 --> 00:52:01,840
there once, maybe twice a year. 
OK, so and that was usually for 

1124
00:52:01,840 --> 00:52:04,240
a Christmas party. 
So even then we're not selling 

1125
00:52:04,240 --> 00:52:05,840
around Christmas. 
No one's buying gold, but 

1126
00:52:05,840 --> 00:52:10,520
everyone's focus on, excuse me, 
everyone's focused on the on, on

1127
00:52:10,520 --> 00:52:12,840
Christmas, right? 
So no one's really worried about

1128
00:52:12,840 --> 00:52:14,160
investing in gold around 
Christmas time. 

1129
00:52:14,160 --> 00:52:17,560
So we'd fly down, my wife and 
I'd fly down and, and we'd go to

1130
00:52:17,560 --> 00:52:20,280
a Christmas party and Isaac and 
I maybe would grab lunch or 

1131
00:52:20,280 --> 00:52:23,160
something and just chitchat. 
But it wasn't, you know, I 

1132
00:52:23,160 --> 00:52:26,960
wasn't really on site a whole 
lot. 

1133
00:52:27,200 --> 00:52:28,960
There was a segregate. 
There was one period of time 

1134
00:52:28,960 --> 00:52:32,440
where I was there for a week and
I really got an insight to just 

1135
00:52:32,440 --> 00:52:35,960
like the general atmosphere of 
the office. 

1136
00:52:35,960 --> 00:52:39,120
It was very LAX atmosphere. 
But it's interesting because if 

1137
00:52:39,120 --> 00:52:43,440
you buy bullion and, and you 
have a salesman that's willing 

1138
00:52:43,440 --> 00:52:46,320
to sell you the bullion, they'll
call you a bully head. 

1139
00:52:46,320 --> 00:52:48,640
So it's a pejorative. 
It's like, hey, yeah, he's a, 

1140
00:52:48,760 --> 00:52:51,200
he's an effing bully head is 
what they would say, right? 

1141
00:52:52,200 --> 00:52:54,160
And just not worth my time, 
right? 

1142
00:52:54,160 --> 00:52:56,360
That kind of thing. 
So if you're someone who was 

1143
00:52:56,360 --> 00:52:58,400
actually going to buy good 
assets, what are actually good 

1144
00:52:58,400 --> 00:53:01,240
assets, that's a pejorative for 
them because you don't make them

1145
00:53:01,240 --> 00:53:02,800
any money. 
In other words, the bully head 

1146
00:53:02,800 --> 00:53:04,120
was the was the customer on the 
phone. 

1147
00:53:04,120 --> 00:53:06,520
They didn't want to talk to him.
The bully head is the person who

1148
00:53:06,520 --> 00:53:08,600
will only buy bullion. 
They're not going to buy the 

1149
00:53:08,600 --> 00:53:11,160
premium coins. 
The the people who are going, 

1150
00:53:11,160 --> 00:53:12,640
Nope, I don't want that. 
I want bullion. 

1151
00:53:12,920 --> 00:53:14,720
But what's interesting is they 
still want to buy it from the 

1152
00:53:14,720 --> 00:53:17,160
firm that's advertising on 
whoever's show. 

1153
00:53:17,400 --> 00:53:20,440
So it's like they don't want to 
buy it from you just, and Isaac 

1154
00:53:20,440 --> 00:53:21,760
would encourage them just to 
sell it. 

1155
00:53:21,920 --> 00:53:24,280
At that point, if you've 
exhausted all of your sales 

1156
00:53:24,280 --> 00:53:26,200
techniques and you're not able 
to do it, just sell them the 

1157
00:53:26,200 --> 00:53:27,360
bullion. 
That's what Isaac would say. 

1158
00:53:27,720 --> 00:53:29,640
But then the guys would say, 
well, you make money, we don't 

1159
00:53:29,640 --> 00:53:31,400
make money. 
So why would we do that, right? 

1160
00:53:31,760 --> 00:53:33,920
So anyway, so a lot of it is 
segregation. 

1161
00:53:33,920 --> 00:53:36,000
So back to your question, how 
did I not figure it out? 

1162
00:53:36,200 --> 00:53:39,880
So a lot of it's segregation. 
So I'm really overseeing 

1163
00:53:39,880 --> 00:53:41,960
financials. 
A trade would come in, it would 

1164
00:53:41,960 --> 00:53:44,720
get sent to me. 
I would process this, the trade,

1165
00:53:44,720 --> 00:53:46,960
I would send Eugene a purchase 
order. 

1166
00:53:47,200 --> 00:53:50,360
He would then process that order
and that was it. 

1167
00:53:50,360 --> 00:53:53,160
I built my sales file, you know,
I'm, I'm really hands off. 

1168
00:53:53,160 --> 00:53:56,360
I don't see the, the real scope 
of the, the sales floor. 

1169
00:53:56,600 --> 00:53:58,480
You know, we had a transaction 
agreement. 

1170
00:53:58,480 --> 00:54:00,120
Why would I read a transaction 
agreement? 

1171
00:54:00,120 --> 00:54:03,040
I'm the accountant, I'm not the 
attorney, so you know were. 

1172
00:54:03,040 --> 00:54:04,720
You were you doing payroll too 
or no? 

1173
00:54:04,920 --> 00:54:06,120
Yeah, I was doing everything 
intend. 

1174
00:54:06,320 --> 00:54:06,680
Yeah. 
OK. 

1175
00:54:06,680 --> 00:54:08,400
So you're seeing, but at least 
you're seeing the numbers that 

1176
00:54:08,400 --> 00:54:10,320
these guys are getting paid and 
what these people are making. 

1177
00:54:10,400 --> 00:54:13,760
Yeah, and so part of me, so, you
know, part of me, I guess being 

1178
00:54:13,760 --> 00:54:16,000
young. 
So there's another element to 

1179
00:54:16,000 --> 00:54:17,920
this too. 
And, and this isn't an excuse, 

1180
00:54:17,920 --> 00:54:20,080
but it is just my way of 
thinking at the time. 

1181
00:54:20,360 --> 00:54:24,880
I come from a very poor family 
in the northeast of the UK. 

1182
00:54:24,880 --> 00:54:30,120
I've never seen $100,000 or I've
never even seen $60,000 in my 

1183
00:54:30,120 --> 00:54:32,360
life. 
So I go from making, you know, 

1184
00:54:32,360 --> 00:54:36,160
basically a couple of bucks over
minimum wage working as a head 

1185
00:54:36,160 --> 00:54:42,600
bookkeeper at a local company to
making $60,000 in a year. 

1186
00:54:42,720 --> 00:54:44,760
That's life changing money for 
me, right? 

1187
00:54:44,960 --> 00:54:47,760
That's money I've never seen. 
I'm now living what we perceive 

1188
00:54:47,760 --> 00:54:50,040
to be the American dream. 
And then it got better. 

1189
00:54:50,120 --> 00:54:53,840
I only got better because at the
end of the year Isaac gave me a 

1190
00:54:53,840 --> 00:54:57,240
$40,000 bonus in my first year. 
So I didn't just make sixty 

1191
00:54:57,320 --> 00:55:02,200
$40,000 in one sitting, one wire
transaction $40,000. 

1192
00:55:02,280 --> 00:55:06,280
Then the next year I got bumped 
to $90,000 base and I was 

1193
00:55:06,280 --> 00:55:10,240
getting $60,000 bonuses right. 
So so I'm you don't. 

1194
00:55:10,280 --> 00:55:12,040
And, and I understand that 
instinct. 

1195
00:55:12,040 --> 00:55:16,080
I mean, look, I, I worked at a 
before I went to the FBI, I 

1196
00:55:16,080 --> 00:55:18,000
worked at a movie studio. 
This is just where the stock 

1197
00:55:18,000 --> 00:55:19,440
numbers. 
I think my audience kind of 

1198
00:55:19,440 --> 00:55:20,640
finds it because I'll, I'll just
play open. 

1199
00:55:20,760 --> 00:55:22,360
I like to play open cards with 
people. 

1200
00:55:22,560 --> 00:55:26,200
So I made almost $100,000 a year
working for a movie studio at at

1201
00:55:26,200 --> 00:55:28,040
25 years old, which was wild 
money for me. 

1202
00:55:28,040 --> 00:55:30,480
I was like, wow, that's crazy. 
And then I enlisted in the 

1203
00:55:30,480 --> 00:55:32,680
military and I made $1800 a 
month. 

1204
00:55:32,680 --> 00:55:35,880
You know, you just go, you go 
right back down into the toilet 

1205
00:55:36,040 --> 00:55:37,320
and you make no money. 
And that's fine. 

1206
00:55:37,320 --> 00:55:40,240
That's what I signed up for. 
So before I joined the FBI, I 

1207
00:55:40,240 --> 00:55:42,600
made about 13 or 14 bucks an 
hour working in a hospital, 

1208
00:55:42,600 --> 00:55:44,640
working as an emergency room 
paramedic, no big deal. 

1209
00:55:44,800 --> 00:55:46,280
And it was fine. 
I didn't need that much money. 

1210
00:55:46,520 --> 00:55:48,520
And I turned around to the FBI. 
I made 65 grand a year. 

1211
00:55:48,520 --> 00:55:50,640
And like you, I was like, man, 
I'm I'm crushing it again. 

1212
00:55:50,640 --> 00:55:52,720
I'm feeling back in the life is 
pretty good. 

1213
00:55:52,720 --> 00:55:54,360
I can afford to have a family, 
which we did. 

1214
00:55:54,600 --> 00:55:57,080
So I get where that comes from, 
where you're not necessarily 

1215
00:55:57,080 --> 00:56:00,240
looking around going like, how 
do I shoot this gift horse and 

1216
00:56:00,240 --> 00:56:04,240
put it down? 
For me it was, for me it was, 

1217
00:56:04,760 --> 00:56:07,120
you know, at the time. 
So I gave my life to the Lord in

1218
00:56:07,120 --> 00:56:10,120
2015. 
So at the time, prior to that, I

1219
00:56:10,120 --> 00:56:11,960
was not, I wasn't a believer at 
all. 

1220
00:56:11,960 --> 00:56:14,200
I was more agnostic, but I 
wasn't a believer at all. 

1221
00:56:14,200 --> 00:56:16,640
I didn't really. 
And I found value money. 

1222
00:56:16,640 --> 00:56:18,880
I did. 
That was my, that was how I 

1223
00:56:18,880 --> 00:56:21,120
perceived the American dream, 
like a lot of folks do, is to 

1224
00:56:21,120 --> 00:56:23,400
have money. 
That was my, my value was 

1225
00:56:23,400 --> 00:56:25,400
wrapped up in the money. 
My value was wrapped up in 

1226
00:56:25,400 --> 00:56:29,960
buying a $600.00 jacket from 
like Men's Wearhouse or 

1227
00:56:29,960 --> 00:56:32,520
whatever, right? 
It was Joseph A Banks, actually.

1228
00:56:32,520 --> 00:56:34,840
But you know I did those right? 
And that. 

1229
00:56:34,840 --> 00:56:37,240
Was it's how men keep score. 
It's how young men keep score, 

1230
00:56:37,240 --> 00:56:39,040
for sure. 
It's like, what are you making? 

1231
00:56:39,040 --> 00:56:40,400
What are you worth? 
What do you? 

1232
00:56:40,400 --> 00:56:42,960
Drive and you drive. 
Yeah, Yeah, I got a Range Rover,

1233
00:56:43,080 --> 00:56:44,360
right. 
Oh yeah, you're killing it. 

1234
00:56:44,560 --> 00:56:46,440
Yeah, so why breakdown? 
On you. 

1235
00:56:46,440 --> 00:56:48,040
Obviously, though, it's gonna. 
Breakdown on you everywhere. 

1236
00:56:48,040 --> 00:56:49,320
It was awful. 
It was a bad car. 

1237
00:56:49,360 --> 00:56:52,680
It was not good. 
It's a British car, isn't it? 

1238
00:56:53,160 --> 00:56:55,920
Yeah, it is. 
Yeah, they're they're awful like

1239
00:56:56,000 --> 00:56:57,920
UK right now, but let's not talk
about that. 

1240
00:56:58,280 --> 00:57:00,360
So I digress. 
So yes, there was a bit of 

1241
00:57:00,360 --> 00:57:02,920
segregations, you know, keeping 
me at arm's length, keeping me 

1242
00:57:02,920 --> 00:57:05,920
away from the sales floor. 
The the first like kind of 

1243
00:57:05,920 --> 00:57:08,760
niggle of doubt was I had an 
assistant and he said, hey, man,

1244
00:57:08,760 --> 00:57:10,440
do you think we can? 
And he's very good at math, way 

1245
00:57:10,440 --> 00:57:12,240
better than I ever will be very 
good at math. 

1246
00:57:12,240 --> 00:57:14,520
He goes, hey, man, do you think 
you, you could actually make 

1247
00:57:14,520 --> 00:57:17,560
money on premium coins? 
And I said, yeah, of course it's

1248
00:57:17,560 --> 00:57:19,360
easy. 
You know, you buy it $100, we 

1249
00:57:19,360 --> 00:57:21,280
have a 29% spread. 
You just wait till the market 

1250
00:57:21,280 --> 00:57:24,400
moves, you know, 45%, boom, you 
made money, right? 

1251
00:57:24,640 --> 00:57:26,400
He goes, yeah, man, I don't 
think so. 

1252
00:57:26,640 --> 00:57:28,840
So he sits down and just like 
the end of this calculation. 

1253
00:57:28,840 --> 00:57:31,120
And and so I'm like, I'm like, 
no, man, I was like, no, you can

1254
00:57:31,120 --> 00:57:32,320
make money, man. 
It's a simple math. 

1255
00:57:32,320 --> 00:57:34,440
The market moves enough to to 
cover your spread. 

1256
00:57:34,440 --> 00:57:35,880
You're making money. 
It's that simple. 

1257
00:57:36,080 --> 00:57:39,200
What I didn't take into account 
was that within the transaction 

1258
00:57:39,200 --> 00:57:44,400
agreement, it is very vague how 
our coins are calculated. 

1259
00:57:44,560 --> 00:57:46,360
Where is the premium coming from
from? 

1260
00:57:46,560 --> 00:57:49,480
Well, the premium is made-up. 
Isaac would just throw like we 

1261
00:57:49,640 --> 00:57:51,840
Isaac and I would get on a Skype
call and he'd, I'd share my 

1262
00:57:51,840 --> 00:57:55,120
screen with the product sheet 
and he'd go, what does 50% look?

1263
00:57:55,120 --> 00:57:57,760
I'm not kidding. 
What does 50% from cost to bid 

1264
00:57:57,760 --> 00:57:59,080
look like? 
That's it. 

1265
00:57:59,240 --> 00:58:01,440
What is it like no, that, that 
number doesn't look right. 

1266
00:58:01,840 --> 00:58:04,680
Just try 42%. 
And then we do that. 

1267
00:58:04,680 --> 00:58:07,400
And then he goes, OK, now let's,
let's calculate in the spread 

1268
00:58:07,400 --> 00:58:10,440
and, and get to our ass cuz it's
kind of a reverse calculation. 

1269
00:58:10,440 --> 00:58:13,400
But the, the point being, it was
just like whimsical. 

1270
00:58:13,400 --> 00:58:16,080
It was like, let's throw this 
out there and, and see what this

1271
00:58:16,080 --> 00:58:18,200
number looks like. 
And if it feels good to me, then

1272
00:58:18,200 --> 00:58:19,880
that's what we're going with. 
Really, he was. 

1273
00:58:20,000 --> 00:58:21,600
Yeah. 
He was trying on what profit 

1274
00:58:21,600 --> 00:58:24,240
margins look like essentially 
and said, OK, that looks like I 

1275
00:58:24,240 --> 00:58:26,720
can pull that off and I'll be 
able to sell it to people and 

1276
00:58:26,720 --> 00:58:29,640
he's just doing it based on his 
instinct. 100% it was just based

1277
00:58:29,640 --> 00:58:31,400
on. 
No, there's no evaluation of 

1278
00:58:31,400 --> 00:58:34,240
like, what gold is going to do. 
There's no, you know, complex 

1279
00:58:34,240 --> 00:58:36,880
calculation of how gold has 
worked historically. 

1280
00:58:36,880 --> 00:58:39,200
And it's like, Nope, it's just 
like, I need to make this much 

1281
00:58:39,200 --> 00:58:41,040
money. 
How much do I think I could scam

1282
00:58:41,040 --> 00:58:42,200
out of people? 
And that's how I'm going to do 

1283
00:58:42,200 --> 00:58:42,640
it. 
Yep. 

1284
00:58:43,240 --> 00:58:46,200
And you'd think, okay, well, 
Dale, that's kind of odd. 

1285
00:58:46,240 --> 00:58:48,440
Well, it's not when you own the 
product, right? 

1286
00:58:48,440 --> 00:58:50,640
You set your own margins. 
You're you're, you're, you have 

1287
00:58:50,640 --> 00:58:52,160
no middle men. 
So you don't have to worry about

1288
00:58:52,160 --> 00:58:54,440
paying a distributor and the 
distributor having a hold on the

1289
00:58:54,440 --> 00:58:56,720
market, whatever. 
So it's just worth direct to 

1290
00:58:56,720 --> 00:58:58,840
consumer and, and, and part of 
this. 

1291
00:58:58,840 --> 00:59:01,640
So I talked to NPR, OK, so, and 
what they said was, so I give 

1292
00:59:01,640 --> 00:59:04,240
them a bunch of evidence. 
They said this, this issue is 

1293
00:59:04,240 --> 00:59:06,440
too complicated for our average 
viewer. 

1294
00:59:06,800 --> 00:59:10,560
And not only that, this is an 
element of willing buyer, 

1295
00:59:10,560 --> 00:59:12,680
willing seller. 
And that just pissed me off. 

1296
00:59:12,680 --> 00:59:15,680
I mean, it really did. 
And it's just like I have more 

1297
00:59:15,680 --> 00:59:19,440
faith in listeners that even if 
they don't fully understand what

1298
00:59:19,440 --> 00:59:22,120
we're talking about, the people 
that really want to know, 

1299
00:59:22,120 --> 00:59:23,920
they're going to go do extra 
research, right? 

1300
00:59:23,920 --> 00:59:25,800
They're going to go and look up 
what the melt value is, what the

1301
00:59:25,800 --> 00:59:27,760
bid in the ask is, right? 
They're going to going to look 

1302
00:59:27,760 --> 00:59:30,360
into this and I just think we 
don't give people enough credit.

1303
00:59:30,360 --> 00:59:33,560
So that really that really hit 
me the wrong way and it felt 

1304
00:59:33,560 --> 00:59:36,000
like a real major blow because 
this was back in 2019. 

1305
00:59:36,000 --> 00:59:39,080
This is very early on of me 
getting going and after I found 

1306
00:59:39,080 --> 00:59:41,400
my whistleblower complaint. 
But what really, who did you 

1307
00:59:41,400 --> 00:59:44,040
file with, by the way? 
So initially with the CFTC? 

1308
00:59:44,040 --> 00:59:46,320
OK, so let's come back to that. 
Let me let me just wrap this up 

1309
00:59:46,320 --> 00:59:49,200
so that the viewers understand. 
Great how I found out. 

1310
00:59:49,200 --> 00:59:51,720
So, so there was that kind of 
niggle from my assistant and 

1311
00:59:51,720 --> 00:59:53,320
then I never really thought much
of it. 

1312
00:59:53,800 --> 00:59:56,440
I mean, we were really busy, so 
there wasn't really time to 

1313
00:59:56,440 --> 00:59:59,680
think about it. 
So then Fast forward a few 

1314
00:59:59,680 --> 01:00:05,920
months and Isaac called me. 
And he calls me and he says, 

1315
01:00:06,000 --> 01:00:08,680
hey, we have a client and I know
the client's name, but I'm 

1316
01:00:08,680 --> 01:00:10,800
obviously I'm not going to 
disclose it, but he says we have

1317
01:00:10,800 --> 01:00:13,200
a client he wants to sell and 
this guy's in his 80s. 

1318
01:00:13,400 --> 01:00:15,560
He wants to sell 5000 coins back
to us. 

1319
01:00:16,160 --> 01:00:17,120
Can you share your screen with 
me? 

1320
01:00:17,120 --> 01:00:19,800
So share my screen. 
Everything was done on Skype. 

1321
01:00:19,800 --> 01:00:21,560
So share my screen, show him the
product sheet. 

1322
01:00:21,600 --> 01:00:24,760
He goes, I want you to reduce 
the bid price. 

1323
01:00:24,880 --> 01:00:27,800
OK, So for those viewers that 
don't understand what this means

1324
01:00:27,800 --> 01:00:31,920
is you have your spread of 29%. 
When you reduce the bid price, 

1325
01:00:31,920 --> 01:00:36,320
you are increasing the spread 
from 29 percent to 50% to 70%, 

1326
01:00:36,320 --> 01:00:40,080
whatever it is, which means that
we pay the customer less money. 

1327
01:00:40,320 --> 01:00:43,640
OK, so the so he's saying we're 
not going to pay this customer 

1328
01:00:43,640 --> 01:00:48,000
29%, We're going to pay them, 
sorry, we're not going to give 

1329
01:00:48,000 --> 01:00:50,600
this customer 29% spread. 
We're going to give them a 50% 

1330
01:00:50,600 --> 01:00:53,040
spread and give them less money.
It was only 5000 coins. 

1331
01:00:53,040 --> 01:00:57,120
It wasn't a lot of coins. 
And so I just went like, I just 

1332
01:00:57,120 --> 01:00:58,280
instantly knew something was 
wrong. 

1333
01:00:58,480 --> 01:01:01,760
I'm just like, why? 
And he goes, because I don't 

1334
01:01:01,760 --> 01:01:04,240
want to pay that much. 
And I'm like, yeah, but we have 

1335
01:01:04,240 --> 01:01:07,720
an agreement with our clients 
that our spread is 29%. 

1336
01:01:07,720 --> 01:01:09,080
He says no. 
And this is how I found out 

1337
01:01:09,080 --> 01:01:11,080
about the transaction agreement.
He says, well, our transaction 

1338
01:01:11,080 --> 01:01:12,920
agreement says that we have 
control of the coin. 

1339
01:01:12,920 --> 01:01:15,880
So I, I'm like, I'm like, yeah, 
man. 

1340
01:01:15,880 --> 01:01:17,800
But like we that's might be 
true. 

1341
01:01:17,800 --> 01:01:21,920
But like we have, we told them 
29 percent, 20, like the market 

1342
01:01:21,920 --> 01:01:24,800
moves, whatever. 
We have control of the coin. 

1343
01:01:24,800 --> 01:01:27,800
In other words, we control what 
we say the value of the coin is.

1344
01:01:27,800 --> 01:01:29,520
Absolutely. 
If you read the transaction 

1345
01:01:29,520 --> 01:01:31,360
agreement, it's vague. 
It's so vague. 

1346
01:01:31,520 --> 01:01:35,960
OK, so let's let's really parse 
that out lest people miss it. 

1347
01:01:36,120 --> 01:01:38,880
And again, I agree with you. 
I think NPR doesn't give people 

1348
01:01:38,880 --> 01:01:40,600
enough credit. 
But also it's just a matter of 

1349
01:01:40,600 --> 01:01:43,560
explaining things. 
They are artificially saying 

1350
01:01:43,880 --> 01:01:47,400
this coin, it was worth a dollar
when we sold it to you and you 

1351
01:01:47,400 --> 01:01:49,320
agreed it was worth a dollar. 
And I agreed it was worth a 

1352
01:01:49,320 --> 01:01:50,800
dollar and you paid a dollar for
it. 

1353
01:01:50,800 --> 01:01:53,360
And I'm going to turn around and
say, actually, since I own all 

1354
01:01:53,360 --> 01:01:56,320
the coins and I can adjust the 
price, I am the sole arbiter of 

1355
01:01:56,320 --> 01:01:58,400
the price of this coin. 
I'm going to manually take it 

1356
01:01:58,400 --> 01:02:01,600
down to $0.50. 
Yep, 100% and if you read the 

1357
01:02:01,600 --> 01:02:03,680
transaction agreements. 
Or I say it's worth more and so 

1358
01:02:03,680 --> 01:02:06,720
I'm going to pay you like, you 
know, I can say less if I'm 

1359
01:02:06,720 --> 01:02:08,920
going to buy them back from you.
I can say it's worth more if I'm

1360
01:02:08,920 --> 01:02:09,760
going to sell it to you. 
I. 

1361
01:02:10,240 --> 01:02:13,880
Think that's it. 
And this is where the true 

1362
01:02:13,880 --> 01:02:16,920
nature of the scam. 
So there's all these setups, 

1363
01:02:16,920 --> 01:02:18,400
right? 
Like there's the exclusivity, 

1364
01:02:18,400 --> 01:02:20,160
there's, there's the hard sell 
and so on. 

1365
01:02:20,160 --> 01:02:25,040
But this is where the scam truly
unfolds because you think that 

1366
01:02:25,040 --> 01:02:28,960
you have this portfolio that's 
worth $100,000 and you 

1367
01:02:29,400 --> 01:02:31,920
understand, maybe you do 
understand that maybe your guy 

1368
01:02:31,920 --> 01:02:33,760
did tell you that you have a 29%
spread. 

1369
01:02:33,760 --> 01:02:36,360
Let's say that that's true and I
have it. 

1370
01:02:36,600 --> 01:02:38,920
I have someone by the way, right
now I just received. 

1371
01:02:38,920 --> 01:02:42,040
So I've been helping people for 
the past couple of years get 

1372
01:02:42,040 --> 01:02:45,200
their money back behind the 
scenes and I just had someone 

1373
01:02:45,200 --> 01:02:47,120
reach out to me and I just did a
huge analysis. 

1374
01:02:47,120 --> 01:02:48,320
Took me about four hours 
yesterday. 

1375
01:02:48,320 --> 01:02:51,760
They have a pretty complicated 
portfolio and I just did a huge 

1376
01:02:51,960 --> 01:02:55,240
analysis. 
Gold, Gold has tripled, Silver 

1377
01:02:55,240 --> 01:02:57,560
has more than doubled since they
purchased and they're still 

1378
01:02:57,560 --> 01:03:00,280
going and they they're spot to 
spot difference is only 

1379
01:03:00,280 --> 01:03:03,720
$100,000. 
If they had purchased silver and

1380
01:03:03,720 --> 01:03:06,160
gold American eagles at the same
time they purchased premium, 

1381
01:03:06,280 --> 01:03:10,720
they would have gained over 
$350,000. 

1382
01:03:10,920 --> 01:03:15,240
But because of the nature of 
the, the premium coins, when the

1383
01:03:15,520 --> 01:03:19,560
they go to sell these coins back
to this company, there may be 

1384
01:03:19,760 --> 01:03:22,480
may I mean, I, I told them 
you're lucky if you're going to 

1385
01:03:22,480 --> 01:03:25,840
net 100,000, lucky if you're 
going to net 100,000 because 

1386
01:03:25,840 --> 01:03:28,160
they're going to do everything 
they can to not pay you, your 

1387
01:03:28,160 --> 01:03:32,280
spread everything they can. 
So, and in the transaction 

1388
01:03:32,280 --> 01:03:35,080
agreement, it's right there. 
It says like, it says vague 

1389
01:03:35,080 --> 01:03:40,120
things like the, the coin is not
necessarily tied to spot in the 

1390
01:03:40,120 --> 01:03:42,440
open market. 
The coin is, is very, there are 

1391
01:03:42,440 --> 01:03:44,920
variable market conditions. 
Well, what does that mean? 

1392
01:03:45,360 --> 01:03:46,400
What, what does that mean? 
Right. 

1393
01:03:46,400 --> 01:03:48,760
What is what do variable market 
conditions mean? 

1394
01:03:48,920 --> 01:03:50,920
Supply, demand and so on and so 
on. 

1395
01:03:50,920 --> 01:03:53,480
So vague that. 
And basically what that does is 

1396
01:03:53,480 --> 01:03:56,280
it gives them the freedom to 
just say we can do whatever the 

1397
01:03:56,280 --> 01:03:58,120
heck we want and you have no 
legal standing. 

1398
01:03:58,240 --> 01:04:01,160
Let's do another analogy because
I I'm all about giving people 

1399
01:04:01,280 --> 01:04:03,000
things. 
They can grab onto it and you 

1400
01:04:03,000 --> 01:04:06,480
tell me if this fits. 
You walk into a casino and you 

1401
01:04:06,480 --> 01:04:08,560
have your money. 
You got, you got 10,000 bucks 

1402
01:04:08,560 --> 01:04:10,120
and you buy $10,000 worth of 
chips. 

1403
01:04:10,120 --> 01:04:12,880
So you get chips. 
They have numbers on them and 

1404
01:04:12,880 --> 01:04:15,240
they are one to one tied to the 
$10,000 you put in. 

1405
01:04:15,560 --> 01:04:18,280
You sit down at the table, you 
play, let's say you're up. 

1406
01:04:18,440 --> 01:04:21,440
Let's say you come back with 
15,000 and they say, well, those

1407
01:04:21,440 --> 01:04:23,400
chips aren't worth the dollar 
amounts that they say because 

1408
01:04:23,400 --> 01:04:25,120
the value has changed. 
Because we control the chips. 

1409
01:04:25,120 --> 01:04:26,880
We're only going to give you 
back 8000 bucks. 

1410
01:04:27,440 --> 01:04:29,720
Yeah. 
It's the same damn game and if 

1411
01:04:29,720 --> 01:04:31,920
you, you would never go to a 
casino like that ever. 

1412
01:04:32,040 --> 01:04:33,680
Ever. 
And you would never like They'd 

1413
01:04:33,680 --> 01:04:35,520
be out of business immediately. 
They'd be shut down by every 

1414
01:04:35,520 --> 01:04:37,320
gaming convention. 
Yeah, 100%. 

1415
01:04:37,360 --> 01:04:40,040
And but The thing is these 
aren't regulated commodities. 

1416
01:04:40,040 --> 01:04:42,680
These are physical assets. 
And that's these, that's where 

1417
01:04:42,680 --> 01:04:45,520
Andy said it's so crazy because 
there is zero federal regulation

1418
01:04:45,520 --> 01:04:47,720
of. 
This 0 regulation and what's 

1419
01:04:47,720 --> 01:04:49,600
really just so so how I found 
out. 

1420
01:04:49,600 --> 01:04:52,360
So he calls me and he asked me 
to manipulate the spread. 

1421
01:04:52,560 --> 01:04:56,640
He says within the transaction 
agreement, you do not have like 

1422
01:04:56,640 --> 01:05:00,520
we we can do this essentially. 
And I and I just went, hey man, 

1423
01:05:00,520 --> 01:05:02,880
you do what you want, but keep 
me out of it. 

1424
01:05:02,880 --> 01:05:04,840
I was like flushed red with 
adrenaline. 

1425
01:05:04,840 --> 01:05:07,960
I'm like, something is, I knew 
instantly something wasn't 

1426
01:05:07,960 --> 01:05:10,360
right. 
And I'm like, hey, man, you do 

1427
01:05:10,360 --> 01:05:12,080
what you want, but like, keep me
out of it. 

1428
01:05:12,080 --> 01:05:14,880
And he he I'll never forget. 
He literally laughed. 

1429
01:05:15,000 --> 01:05:16,440
He laughed. 
And then he tells us and he 

1430
01:05:16,440 --> 01:05:19,320
goes, wait, you're serious? 
And I'm like, yeah, man, like, 

1431
01:05:19,520 --> 01:05:22,080
dude, you do whatever you want, 
but like, leave me out of it, 

1432
01:05:22,160 --> 01:05:23,480
right? 
Like I, I don't, I'm not going 

1433
01:05:23,480 --> 01:05:25,120
to do this. 
And then we hung up and I run 

1434
01:05:25,120 --> 01:05:27,280
upstairs. 
My wife was, had had gotten into

1435
01:05:27,280 --> 01:05:29,840
a bad car accident. 
She was at at home for a couple 

1436
01:05:29,840 --> 01:05:32,360
of years. 
And I came upstairs and I went 

1437
01:05:32,360 --> 01:05:34,760
to my wife and I just went 
something is seriously wrong. 

1438
01:05:35,160 --> 01:05:37,520
Seriously wrong. 
That's why that's when I knew. 

1439
01:05:37,520 --> 01:05:42,200
Yeah, What did that feel like? 
Dude, I was so flushed with 

1440
01:05:42,200 --> 01:05:46,400
adrenaline and just like kind of
like you're, you're kind of like

1441
01:05:46,400 --> 01:05:48,080
dizzy, like you're, you like, 
what do I do? 

1442
01:05:48,880 --> 01:05:51,280
Like what do I do? 
I don't know what to do, right? 

1443
01:05:51,280 --> 01:05:53,560
Like you're confused. 
It's almost like, OK, I know 

1444
01:05:53,560 --> 01:05:56,040
this thing happened. 
I know what now I understand 

1445
01:05:56,040 --> 01:05:58,280
what's happening, but what do I 
do right? 

1446
01:05:58,480 --> 01:06:01,360
And so I didn't know what to do.
Have you ever have you ever been

1447
01:06:01,360 --> 01:06:03,080
scammed out of anything before? 
Sold. 

1448
01:06:03,080 --> 01:06:04,840
Something I've never had that 
kind of money. 

1449
01:06:04,840 --> 01:06:06,400
I mean, there's a. 
Well, nothing, not even big 

1450
01:06:06,400 --> 01:06:07,320
money. 
But have you ever bought 

1451
01:06:07,320 --> 01:06:09,160
something and then just been 
like, Oh my God, what did I just

1452
01:06:09,160 --> 01:06:10,120
do? 
Like how did I just? 

1453
01:06:10,440 --> 01:06:11,960
Hold. 
I mean, I bought bad products 

1454
01:06:11,960 --> 01:06:16,840
for sure, Yeah, I mean I bought 
bad products, but nothing that 

1455
01:06:16,840 --> 01:06:18,880
would lose your life savings, 
right? 

1456
01:06:18,920 --> 01:06:19,640
I mean. 
Sure. 

1457
01:06:19,760 --> 01:06:22,160
I'm just trying to. 
I'm trying to, I've been in that

1458
01:06:22,160 --> 01:06:23,920
scenario. 
Let's say you were like at a car

1459
01:06:23,920 --> 01:06:26,120
dealership or something and you,
and you walked off and then you 

1460
01:06:26,120 --> 01:06:27,520
really like, you know, like a 
lemon deal. 

1461
01:06:27,520 --> 01:06:30,440
Or maybe you're buying 
something, you know, you buy AI 

1462
01:06:30,440 --> 01:06:31,760
bought RV's and things like 
that. 

1463
01:06:31,760 --> 01:06:34,000
And you have that moment of 
panic where you're like, what if

1464
01:06:34,000 --> 01:06:36,960
I just threw $10,000 into the 
toilet because this thing is not

1465
01:06:36,960 --> 01:06:38,600
worth it. 
You know, is it actually worth 

1466
01:06:38,600 --> 01:06:40,160
the thing I did? 
I mean, you're, you're actually 

1467
01:06:40,160 --> 01:06:42,480
basically looking at your 
livelihood. 

1468
01:06:42,560 --> 01:06:46,120
What supports you, your wife and
you're going like, what if we're

1469
01:06:46,120 --> 01:06:48,400
just taking everybody's stuff? 
But also at the same time like 

1470
01:06:48,400 --> 01:06:51,640
you can't keep doing that. 
Yeah, so the way so so I came to

1471
01:06:51,640 --> 01:06:53,360
this realization, then I started
actually. 

1472
01:06:53,360 --> 01:06:56,520
So I so when Isaac had told me 
what happened at Merritt, I just

1473
01:06:56,520 --> 01:06:58,400
kind of took his word for it. 
I mean, I didn't know anything 

1474
01:06:58,400 --> 01:07:00,680
about the market. 
I'm wet behind the ears. 

1475
01:07:00,680 --> 01:07:03,200
I know nothing, right. 
So he's telling me what 

1476
01:07:03,200 --> 01:07:04,440
happened. 
Oh, they were doing things that 

1477
01:07:04,440 --> 01:07:05,920
weren't right and blah, blah, 
blah, blah, blah. 

1478
01:07:05,920 --> 01:07:08,280
And he said that's why because 
he remember he left before 

1479
01:07:08,280 --> 01:07:11,080
Merritt went under. 
He left and started Augusta just

1480
01:07:11,320 --> 01:07:13,400
kind of Willy nilly and was just
doing things right. 

1481
01:07:13,400 --> 01:07:17,960
He, he, he was, he wasn't at 
merit for like 2 years before 

1482
01:07:17,960 --> 01:07:19,720
they went out of business. 
So he's like, yeah, that's kind 

1483
01:07:19,720 --> 01:07:21,440
of why I laughed. 
So I'm like, oh, this is stand 

1484
01:07:21,440 --> 01:07:24,520
up guy, right? 
So, so, but the reality is he 

1485
01:07:24,520 --> 01:07:27,160
was doing the exact same thing. 
He was just concealing it 

1486
01:07:27,160 --> 01:07:29,560
better. 
And so part of that was playing 

1487
01:07:29,560 --> 01:07:33,080
on my ignorance and part of that
was playing on the fact that he 

1488
01:07:33,080 --> 01:07:35,320
could see I was hungry just like
everyone else. 

1489
01:07:35,320 --> 01:07:38,080
Like I wanted that, you know, I 
wanted to chase the dollar. 

1490
01:07:38,080 --> 01:07:39,720
I wanted to be successful. 
I wanted the money. 

1491
01:07:40,360 --> 01:07:43,720
So we, when it came to that 
realization, I mean, I guess my 

1492
01:07:43,720 --> 01:07:47,040
heart sunk and, and you know 
what, credit to my wife, I mean,

1493
01:07:47,040 --> 01:07:49,000
she's an amazing woman, but 
credit to my wife. 

1494
01:07:49,000 --> 01:07:52,040
You know, I, I struggled for a 
few weeks, started doing a bunch

1495
01:07:52,040 --> 01:07:57,280
of research and I had just 
become a a believer about two, 2

1496
01:07:57,280 --> 01:07:59,800
1/2 years before. 
So still kind of new to my 

1497
01:07:59,800 --> 01:08:04,040
faith, but I was trying to to 
work by my faith and the Lord 

1498
01:08:04,040 --> 01:08:06,440
just wouldn't let me sleep. 
He just like it was just every 

1499
01:08:06,440 --> 01:08:08,280
night when I was sleeping an 
hour, 2 hours a night. 

1500
01:08:08,280 --> 01:08:11,640
And then I'd go sit at my desk 
to work and an order would come 

1501
01:08:11,640 --> 01:08:14,080
in and it would take everything.
Dude, like to not call that 

1502
01:08:14,080 --> 01:08:16,920
person be like calling cancel 
your order calling cancel your 

1503
01:08:16,920 --> 01:08:18,800
order. 
But at this point I'd engage 

1504
01:08:18,800 --> 01:08:21,040
with my attorney and we were 
still we were gathering, 

1505
01:08:21,080 --> 01:08:24,359
gathering all the evidence. 
I need more time and I just 

1506
01:08:24,359 --> 01:08:28,520
finally, I, I called my so I 
finally went to my wife and I 

1507
01:08:28,520 --> 01:08:31,479
was just like, after about two 
weeks of not sleeping and just 

1508
01:08:31,479 --> 01:08:34,399
really, and I just said to her, 
I said, babe, I got to quit. 

1509
01:08:34,800 --> 01:08:38,760
I, I can't, I can't, I'm, is it 
this, it was destroying myself. 

1510
01:08:38,760 --> 01:08:41,840
Like I, I just every single time
someone's order came through, 

1511
01:08:41,960 --> 01:08:44,960
that's someone's grandma, that's
someone's mom, that's, that's 

1512
01:08:44,960 --> 01:08:48,080
their life savings. 
And my, my wife, dude, credit to

1513
01:08:48,080 --> 01:08:49,960
her. 
She hadn't, she, like I said, 

1514
01:08:49,960 --> 01:08:50,960
she has a house cleaning 
business. 

1515
01:08:50,960 --> 01:08:52,560
She hadn't worked for 2 1/2 
years. 

1516
01:08:52,560 --> 01:08:54,000
She had a really bad car 
accident. 

1517
01:08:54,120 --> 01:08:57,040
Someone hit her head on. 
She'd cracked a couple of 

1518
01:08:57,040 --> 01:08:59,359
vertebrae into her lowest spine 
and she'd gotten better. 

1519
01:08:59,359 --> 01:09:01,560
She'd been doing physical 
therapy and stuff and she said 

1520
01:09:01,560 --> 01:09:04,840
OK, And she just started calling
her old clients like that day, 

1521
01:09:04,840 --> 01:09:07,840
dude, no, no hesitation, no, 
what are we going to do? 

1522
01:09:07,840 --> 01:09:09,640
It was just, we're going to fix 
this. 

1523
01:09:09,640 --> 01:09:12,200
And you know, if that's what you
need to do and the Lord's 

1524
01:09:12,200 --> 01:09:13,399
telling you to do it, you're 
going to do it. 

1525
01:09:13,399 --> 01:09:16,080
You're going to be obedient. 
And so, you know, credit to my 

1526
01:09:16,080 --> 01:09:18,040
wife. 
And then I called my attorney 

1527
01:09:18,040 --> 01:09:20,840
and they want me to stay because
it was, it would have been more 

1528
01:09:20,840 --> 01:09:23,439
valuable probably for me to be 
there while we're filing the 

1529
01:09:23,439 --> 01:09:24,760
complaint. 
And I just said, guys, I can't 

1530
01:09:24,760 --> 01:09:26,240
do it. 
I just can't. 

1531
01:09:26,399 --> 01:09:29,279
It's soul crushing. 
Every time an order comes in I I

1532
01:09:29,279 --> 01:09:33,840
just cannot do it. 
Talk about the lack of sleep. 

1533
01:09:34,040 --> 01:09:35,880
Why do you think that? 
What what was going on? 

1534
01:09:35,880 --> 01:09:37,800
What was the calculus that you 
were having? 

1535
01:09:38,000 --> 01:09:41,279
I mean, So what I really think 
it was is the Lord humbling me 

1536
01:09:41,479 --> 01:09:44,479
because I had chased money for 
so long and money was, you know,

1537
01:09:44,479 --> 01:09:46,040
you cannot serve money in the 
Lord, right? 

1538
01:09:46,040 --> 01:09:50,439
So you, I think what was really 
happening was God was turning 

1539
01:09:50,439 --> 01:09:53,680
out evil out of me. 
To be honest, it was it was like

1540
01:09:53,680 --> 01:09:58,000
casting out, I guess some form 
of demon of greed where you 

1541
01:09:58,000 --> 01:10:00,440
know, I chase money, money, 
money, money, money was my vice.

1542
01:10:00,440 --> 01:10:02,520
And the Lord is saying, Nope, 
I'm taking that from you. 

1543
01:10:02,520 --> 01:10:04,560
You don't get to have and that 
money you don't get to have that

1544
01:10:04,560 --> 01:10:05,840
you're going to be obedient to 
me. 

1545
01:10:06,080 --> 01:10:08,560
He was really testing me. 
Yeah, just gave you anxiety 

1546
01:10:08,560 --> 01:10:10,160
instead of instead of peace. 
It wasn't. 

1547
01:10:10,280 --> 01:10:13,960
Yeah, it was. 
You know, anxiety is such a 

1548
01:10:13,960 --> 01:10:15,680
loose term that's thrown around 
these days. 

1549
01:10:15,680 --> 01:10:17,640
But yeah, I guess a little 
anxiety. 

1550
01:10:17,760 --> 01:10:21,640
Nervousness. 
Yeah, man, I mean, it's really 

1551
01:10:21,640 --> 01:10:23,760
hard to describe. 
When you wake up in the middle 

1552
01:10:23,760 --> 01:10:26,600
of the night and you feel like 
you have the Lord screaming at 

1553
01:10:26,600 --> 01:10:28,480
you, you gotta quit. 
Like I'm gonna. 

1554
01:10:28,480 --> 01:10:31,840
Take you also have doubt that 
maybe you would gotten something

1555
01:10:31,840 --> 01:10:33,600
wrong that you were not 
understanding what was 

1556
01:10:33,600 --> 01:10:35,320
happening. 
Oh no, never, never had doubt I 

1557
01:10:35,320 --> 01:10:36,760
was. 
As soon as that phone call 

1558
01:10:36,760 --> 01:10:38,240
ended, I knew something was 
wrong. 

1559
01:10:38,280 --> 01:10:39,840
The minute he told you to change
the spread. 

1560
01:10:39,960 --> 01:10:41,480
Never doubt. 
Yeah, I don't know if he ever 

1561
01:10:41,480 --> 01:10:42,280
did. 
I don't know. 

1562
01:10:42,520 --> 01:10:43,720
I don't think he did. 
I think. 

1563
01:10:44,280 --> 01:10:46,680
And this was obviously the this 
was a catalyst obviously for 

1564
01:10:47,720 --> 01:10:51,240
Isaac and my relationship to 
deteriorate because I didn't 

1565
01:10:51,240 --> 01:10:53,120
want to like when he'd call, I 
didn't want to answer, but I had

1566
01:10:53,120 --> 01:10:54,640
to because I'm technically on 
the clock. 

1567
01:10:54,640 --> 01:10:56,880
And so. 
So it kind of deteriorated over 

1568
01:10:56,880 --> 01:10:59,720
time and then I had an out. 
So this is what happened. 

1569
01:10:59,720 --> 01:11:04,200
So the attorney calls, So I call
my attorneys and I say, hey, I, 

1570
01:11:04,200 --> 01:11:06,720
I can't do it, guys. 
Like I, I just, I cannot do it. 

1571
01:11:06,720 --> 01:11:08,760
I can't keep doing this. 
I'm not sleeping. 

1572
01:11:10,000 --> 01:11:13,440
You know, it's just, I've got, 
as I've gotten as much 

1573
01:11:13,440 --> 01:11:16,280
documentation as I can possibly 
get for the lawsuit, for the 

1574
01:11:16,320 --> 01:11:18,800
complaint. 
And it's just going to have to 

1575
01:11:18,800 --> 01:11:20,240
be enough. 
It's just going to have to be 

1576
01:11:20,960 --> 01:11:23,200
and you know, I have a little 
regrets about that because I 

1577
01:11:23,200 --> 01:11:25,840
think if I have been a little 
bit stronger willed that, but at

1578
01:11:25,840 --> 01:11:27,520
the time, you know, I was the 
Lord. 

1579
01:11:27,520 --> 01:11:30,080
I I felt the Lord was telling me
to do it was an obedience thing.

1580
01:11:30,080 --> 01:11:32,640
It wasn't you know, everything 
is going to work out in the end.

1581
01:11:32,960 --> 01:11:37,800
We know this and but it was, it 
was hard because I was really 

1582
01:11:37,800 --> 01:11:40,280
young in my faith and being 
obedient was difficult. 

1583
01:11:40,480 --> 01:11:43,080
Sometimes it still is. 
As you get, as you probably are 

1584
01:11:43,080 --> 01:11:45,960
aware, it's sometimes it's hard 
to, to know when to submit. 

1585
01:11:45,960 --> 01:11:48,840
And anyway, so I, I called them 
and they said, yeah, we 

1586
01:11:48,840 --> 01:11:50,200
understand. 
That's absolutely fine. 

1587
01:11:50,200 --> 01:11:53,560
So then, but then what happened 
is Trump got elected. 

1588
01:11:53,560 --> 01:11:56,200
OK, this is 2016. 
This is 2016 into 17. 

1589
01:11:56,560 --> 01:12:00,400
In the 17, So Trump had Trump 
had been elected, so he'd been 

1590
01:12:00,720 --> 01:12:03,200
in office for about two years. 
Sales had continued to decline 

1591
01:12:03,480 --> 01:12:06,320
because what happens is 
Democrats get elected, 

1592
01:12:06,440 --> 01:12:08,680
conservative Christians get 
concerned about their economic 

1593
01:12:08,680 --> 01:12:11,160
market, they flee to gold. 
This happens all the time. 

1594
01:12:11,440 --> 01:12:13,640
And then a Republican gets 
elected and then they liquidate 

1595
01:12:13,640 --> 01:12:15,960
gold to go to stocks, right? 
So it's just like this revolving

1596
01:12:15,960 --> 01:12:18,600
door or they go into other 
assets or maybe they go into, 

1597
01:12:18,880 --> 01:12:20,920
you know, maybe they start 
businesses, whatever, whatever 

1598
01:12:20,920 --> 01:12:23,640
they do, but they, they, they 
flee from gold when Republicans 

1599
01:12:23,640 --> 01:12:25,480
are in because they feel safe in
the market. 

1600
01:12:25,480 --> 01:12:28,240
And then they go to gold when 
Democrats are in. 

1601
01:12:28,280 --> 01:12:30,560
So our sales, so Trump's elected
in 2016. 

1602
01:12:30,560 --> 01:12:33,000
We're now mid 2017. 
So about a year and a half when 

1603
01:12:33,000 --> 01:12:36,640
I find out or when I, when I 
realized and our sales have been

1604
01:12:36,640 --> 01:12:39,080
declining. 
So Isaac had called me and said,

1605
01:12:39,080 --> 01:12:41,160
Hey, I'm cutting everyone's base
payback. 

1606
01:12:41,320 --> 01:12:43,400
And I was always on 90,000 base 
pay. 

1607
01:12:43,560 --> 01:12:46,400
Usually he'd bonus me 50 sixty 
70,000. 

1608
01:12:46,400 --> 01:12:49,920
I think 60 might have been the, 
the biggest bonus that they've 

1609
01:12:49,920 --> 01:12:52,040
gotten at the end of the year. 
So he want, he wanted everyone 

1610
01:12:52,040 --> 01:12:54,280
on low base paint and then he 
would bonus at the end of the 

1611
01:12:54,280 --> 01:12:55,920
year. 
Dude, $90,000. 

1612
01:12:55,920 --> 01:12:58,920
I live in Spokane, WA, man. 
My mortgage is 1400 bucks. 

1613
01:12:59,080 --> 01:13:02,480
Like we have no other debt. 
Like that's, that's a very 

1614
01:13:02,480 --> 01:13:06,720
comfortable living. 
And so, so he had called me and 

1615
01:13:06,720 --> 01:13:09,000
he said, Hey, I'm cutting, I 
want to cut everyone back and I 

1616
01:13:09,000 --> 01:13:10,680
want to cut you from your 90 to 
your 60. 

1617
01:13:10,680 --> 01:13:12,720
And I'm like, this is my out. 
This is how I get out. 

1618
01:13:12,720 --> 01:13:15,120
I just say, so I say no, I'm not
going to do the same job for 

1619
01:13:15,120 --> 01:13:17,560
more money because I didn't want
him to know what I was doing. 

1620
01:13:17,560 --> 01:13:19,800
I didn't want him to know that 
I'm collecting all this evidence

1621
01:13:19,800 --> 01:13:22,960
that obviously filing a whistle 
complaint and all that stuff. 

1622
01:13:23,120 --> 01:13:25,400
Well, I said now I'm not going 
to do the same job for more 

1623
01:13:25,400 --> 01:13:27,480
money. 
Sorry, dude, for less money. 

1624
01:13:27,760 --> 01:13:30,120
Sorry dude, I'm good. 
You can find someone else. 

1625
01:13:30,280 --> 01:13:34,040
So in, in that he did and he 
knew like he had an idea that it

1626
01:13:34,040 --> 01:13:36,760
was because of other reasons. 
I'm sure he had to have known. 

1627
01:13:36,760 --> 01:13:40,480
I was very cold toward him, 
wasn't really talking to him, 

1628
01:13:41,520 --> 01:13:45,640
would try and do everything I 
could not to, to sign him to, 

1629
01:13:45,640 --> 01:13:48,760
not to talk to him. 
So then I end up obviously 

1630
01:13:48,760 --> 01:13:50,120
leaving. 
We filed the whistleblower 

1631
01:13:50,120 --> 01:13:51,720
complaint. 
So then we filed the 

1632
01:13:51,720 --> 01:13:55,360
whistleblower complaint with the
CFTC in 20 late like December 

1633
01:13:55,360 --> 01:13:58,120
2018. 
And my guys go, hey, these 

1634
01:13:58,120 --> 01:13:59,760
things take like three to five 
years. 

1635
01:13:59,760 --> 01:14:02,280
So buckle up and get ready to do
nothing. 

1636
01:14:02,480 --> 01:14:04,200
And to me, I'm like, well, 
that's not good, not enough. 

1637
01:14:04,440 --> 01:14:06,720
I'm not, I'm not going to, I'm 
not going to sit here while 

1638
01:14:06,720 --> 01:14:08,840
people are being defrauded every
single day and do nothing. 

1639
01:14:09,080 --> 01:14:13,840
But then within four business 
days we get a call from the 

1640
01:14:13,840 --> 01:14:17,120
CFTC. 
We want to talk to him and my 

1641
01:14:17,120 --> 01:14:19,600
attorneys like holy cow, dude, 
we've never had to turn around 

1642
01:14:19,600 --> 01:14:21,320
this fast. 
So we talked to the CTC and 

1643
01:14:21,320 --> 01:14:24,280
they're asking a bunch of 
questions and Nana, not a word. 

1644
01:14:24,520 --> 01:14:28,440
And then in 2019, later 2019, we
I get an e-mail from my 

1645
01:14:28,440 --> 01:14:31,400
attorney. 
Hey man, the CTC reached out to 

1646
01:14:31,400 --> 01:14:33,400
us and said they're gonna close 
your complaint. 

1647
01:14:33,560 --> 01:14:36,720
They don't have jurisdiction. 
And I'm like, well, then I mean,

1648
01:14:36,720 --> 01:14:38,360
you guys did all this work. 
I mean, they did. 

1649
01:14:38,720 --> 01:14:40,960
They didn't just take my case on
my word. 

1650
01:14:41,080 --> 01:14:43,960
These guys did two months of 
research with their team to 

1651
01:14:43,960 --> 01:14:46,200
determine whether or not I was 
full of crap. 

1652
01:14:46,400 --> 01:14:48,920
So my attorneys had done all 
this research. 

1653
01:14:49,000 --> 01:14:50,800
I've obviously got all the 
documentation. 

1654
01:14:51,040 --> 01:14:53,440
And now the CFC is saying you 
don't have jurisdiction. 

1655
01:14:53,560 --> 01:14:56,640
And it's like, but hold on, you 
guys are the attorneys, you, you

1656
01:14:56,640 --> 01:14:58,360
believe that this is their 
jurisdiction. 

1657
01:14:58,360 --> 01:15:00,320
So what's the deal? 
Because and he's just like, 

1658
01:15:00,320 --> 01:15:01,920
well, listen, there's not 
nothing we can do. 

1659
01:15:01,920 --> 01:15:03,360
We can't force them to do 
something. 

1660
01:15:03,360 --> 01:15:06,960
So then you Fast forward. 
So I was, so then I reached out 

1661
01:15:06,960 --> 01:15:09,120
to the California attorney 
general's office and I sent him 

1662
01:15:09,120 --> 01:15:11,960
my whistleblower complaint along
with a bunch of documentation. 

1663
01:15:12,160 --> 01:15:15,680
They actually were responsive. 
So I'm get I'm talking to people

1664
01:15:15,680 --> 01:15:17,920
and so on. 
And then COVID hits, everything 

1665
01:15:17,920 --> 01:15:20,520
shuts down. 
No, no one couldn't get in 

1666
01:15:20,520 --> 01:15:22,320
contact with anyone at the 
California attorney general's 

1667
01:15:22,320 --> 01:15:23,040
office. 
Nothing. 

1668
01:15:23,040 --> 01:15:24,400
I couldn't get in contact with 
anyone. 

1669
01:15:24,800 --> 01:15:27,200
And so that was just died. 
I mean the communication just 

1670
01:15:27,200 --> 01:15:29,480
ceased. 
So and I couldn't get, I mean, I

1671
01:15:29,480 --> 01:15:31,600
was, I sent them like 15 gigs of
data. 

1672
01:15:31,600 --> 01:15:34,400
I was a huge amount of data. 
Then I sent them just with 

1673
01:15:34,400 --> 01:15:36,120
evidence trades and so on and so
on. 

1674
01:15:36,360 --> 01:15:42,960
And then I started to write my 
book that I'm hoping to finish 

1675
01:15:42,960 --> 01:15:45,840
this this this summer. 
But I started writing my book 

1676
01:15:45,840 --> 01:15:48,400
because I'm like, how do I get 
these people don't respond to 

1677
01:15:48,400 --> 01:15:49,760
me? 
Like the the influencers don't 

1678
01:15:49,760 --> 01:15:51,680
respond to me. 
They they won't Even so either 

1679
01:15:51,680 --> 01:15:54,240
I'm being gay kept or they're 
just being willfully ignorant. 

1680
01:15:55,080 --> 01:15:56,520
And then I'm like, how do I do 
this? 

1681
01:15:56,520 --> 01:15:57,680
I'm just like, I'm just going to
write a book. 

1682
01:15:57,840 --> 01:15:59,480
Like I don't know. 
I don't know what else to do 

1683
01:15:59,480 --> 01:16:00,520
right. 
Who had you? 

1684
01:16:00,520 --> 01:16:06,240
Reached out to at that time. 
I'd reached out to so we'd who? 

1685
01:16:06,280 --> 01:16:10,520
So Sean Hannity, Bill, what's 
his name? 

1686
01:16:11,440 --> 01:16:13,120
I forget his name. 
He's been at Fox forever. 

1687
01:16:13,120 --> 01:16:19,160
And then he he Bill O'Reilly. 
I've reached out to Jordan 

1688
01:16:19,160 --> 01:16:21,400
Peterson, Hodge twins, Charlie 
Kirk. 

1689
01:16:21,400 --> 01:16:24,240
I actually just went last week 
that there Charlie Kirk had an 

1690
01:16:24,240 --> 01:16:25,560
event at Washington State 
University. 

1691
01:16:25,560 --> 01:16:29,320
I went last week with my full 
whistleblower complaint redacted

1692
01:16:29,440 --> 01:16:32,800
in an envelope and handed it to 
his staff and said make sure 

1693
01:16:32,800 --> 01:16:37,960
Charlie gets this. 
I've reached out to Jordan 

1694
01:16:37,960 --> 01:16:42,600
Peterson, Ben Shapiro, Matt 
Walsh, name him dude. 

1695
01:16:42,600 --> 01:16:45,360
I almost every single one of 
them Brandon Tatum. 

1696
01:16:45,360 --> 01:16:48,520
I saw Brandon Tatum at a turning
point USA faith event and I told

1697
01:16:48,520 --> 01:16:51,200
him to his face, I will provide 
you all the evidence that you 

1698
01:16:51,200 --> 01:16:55,080
need Every. 
I've reached out to a moment and

1699
01:16:56,720 --> 01:17:00,520
the so they close my my case, 
start reaching out to all these 

1700
01:17:00,520 --> 01:17:02,920
people and, and, and look, this 
didn't all happen at one time. 

1701
01:17:02,920 --> 01:17:04,480
So I want to be clear. 
Like I didn't reach out to every

1702
01:17:04,480 --> 01:17:07,440
single one in 2020, right? 
Like Charlie Kirk, I just, this 

1703
01:17:07,440 --> 01:17:09,880
was the first time I'd actually 
reached out to him because I 

1704
01:17:09,880 --> 01:17:12,760
realized he was selling when I 
was watching it. 

1705
01:17:12,760 --> 01:17:15,080
I'd never seen it actually. 
And I saw on one of his videos 

1706
01:17:15,080 --> 01:17:18,520
like last week. 
And I'm like, OK, so then I 

1707
01:17:18,560 --> 01:17:19,520
will. 
I'm giving. 

1708
01:17:19,520 --> 01:17:21,200
Yeah. 
When I tell you that the 

1709
01:17:21,200 --> 01:17:25,520
question is do you have a gold 
sponsor, the assumption is you 

1710
01:17:25,520 --> 01:17:28,560
will have a gold sponsor. 
Yeah, well, not me. 

1711
01:17:28,720 --> 01:17:31,000
No, not thankfully, not you. 
So I'm, I'm glad we're having 

1712
01:17:31,000 --> 01:17:32,400
this conversation. 
Yeah, never. 

1713
01:17:32,880 --> 01:17:35,000
And it and it won't work. 
The only people that I would do 

1714
01:17:35,000 --> 01:17:37,520
and and I I talked to Andy 
Scheckman at Miles. 

1715
01:17:37,560 --> 01:17:39,640
He said you could, you could, 
we'd Rep you, you know, if you 

1716
01:17:39,640 --> 01:17:42,480
wanted to sell bullion. 
We, we keep our customers for 

1717
01:17:42,480 --> 01:17:43,800
life. 
We'll pay you for life for 

1718
01:17:43,800 --> 01:17:46,000
bringing us a customer. 
The split is not very big. 

1719
01:17:46,200 --> 01:17:48,560
It's not a ton of money. 
But if people want to go and do 

1720
01:17:48,560 --> 01:17:50,960
it, you know, we're, we're happy
to have people that want to come

1721
01:17:50,960 --> 01:17:52,840
in because our goal is to 
protect assets. 

1722
01:17:52,840 --> 01:17:55,240
And so we make a small amount of
profit on it because we provide 

1723
01:17:55,240 --> 01:17:58,080
a service and that's it. 
And you know, if you sell $12 

1724
01:17:58,080 --> 01:18:00,240
billion worth of gold, he's told
me he's never had a customer 

1725
01:18:00,240 --> 01:18:01,960
complain. 
I believe him actually. 

1726
01:18:02,120 --> 01:18:04,080
He does the same thing that 
you're doing in the background. 

1727
01:18:04,960 --> 01:18:06,200
It sounds like you're doing 
penance. 

1728
01:18:06,200 --> 01:18:09,720
Is that what you got going on? 
In a way I mean, I don't. 

1729
01:18:09,720 --> 01:18:11,320
Be not explicitly. 
I will not. 

1730
01:18:11,320 --> 01:18:14,760
Let's sit this way. 
I will not stop until this 

1731
01:18:14,760 --> 01:18:16,960
industry dies. 
I don't care if that's 10 years 

1732
01:18:16,960 --> 01:18:19,600
from now, 20 years from now, 30.
I do not care. 

1733
01:18:19,880 --> 01:18:22,440
I will not stop. 
I'm currently talking to my 

1734
01:18:22,440 --> 01:18:25,800
congressman and I'm helping him 
draft policy so that we can get 

1735
01:18:25,800 --> 01:18:29,120
a bill on the House floor. 
I'm talking to anyone that 

1736
01:18:29,120 --> 01:18:31,920
reaches out. 
If someone DMS me and says, hey,

1737
01:18:31,920 --> 01:18:34,560
have me on, I'm going on. 
I don't care if you have 1000 

1738
01:18:34,560 --> 01:18:35,960
subscribers. 
I don't care if you have 10. 

1739
01:18:36,000 --> 01:18:38,640
I will come on and I will talk 
to you about this issue because 

1740
01:18:38,640 --> 01:18:42,680
the more people like the one, 
the one the biggest thing that 

1741
01:18:42,840 --> 01:18:45,440
OK, so during that time, so I'm 
going to backtrack. 

1742
01:18:45,440 --> 01:18:50,080
So 2020-2021 I start reaching 
out to folks and then Puffy 

1743
01:18:50,080 --> 01:18:54,400
Zilla makes it big and I end up 
trying to reach out to him. 

1744
01:18:54,400 --> 01:18:55,560
Couldn't get a hold of 
Coffeeziller. 

1745
01:18:55,800 --> 01:18:59,040
But in doing that, someone 
messages me and they say, hey, 

1746
01:18:59,040 --> 01:19:01,400
you should talk to this guy 
Scott Shaffer. 

1747
01:19:01,400 --> 01:19:03,720
He'll he'll talk about this 
coffee's just wrapped up in 

1748
01:19:03,720 --> 01:19:05,040
crypto. 
He ain't going to deal with 

1749
01:19:05,040 --> 01:19:09,160
this, talk to Scott Shaffer. 
So then I go to so I send Scott 

1750
01:19:09,160 --> 01:19:11,120
Shaffer and even never heard of 
him before. 

1751
01:19:11,440 --> 01:19:13,680
See that he has a decent 
following on on YouTube. 

1752
01:19:13,680 --> 01:19:15,840
So I'm like, I sent him an 
e-mail, didn't hear anything for

1753
01:19:15,840 --> 01:19:17,120
a minute. 
And then he and then I get an 

1754
01:19:17,120 --> 01:19:18,760
e-mail like, hey, I'd love to 
talk to you about the issue. 

1755
01:19:18,920 --> 01:19:21,880
So I go on, and I did 
essentially the same thing that 

1756
01:19:21,880 --> 01:19:24,360
I did to Jeremy with Jeremy 
Miller at the Washington Post 

1757
01:19:24,720 --> 01:19:27,600
when I was the major source for 
his article. 

1758
01:19:27,760 --> 01:19:29,960
This article, actually right 
here is the article in the 

1759
01:19:29,960 --> 01:19:32,880
Washington Post. 
And I said I'm going to tell you

1760
01:19:32,880 --> 01:19:35,440
everything you need to know. 
You can believe me not believe 

1761
01:19:35,440 --> 01:19:37,600
me, I don't care. 
But you go vet me. 

1762
01:19:37,640 --> 01:19:40,880
You go vet what I'm telling you 
and everything that I say to you

1763
01:19:40,880 --> 01:19:43,120
will be true. 
So Scott goes and it was a 

1764
01:19:43,120 --> 01:19:44,560
couple of months, he did his due
diligence. 

1765
01:19:44,560 --> 01:19:46,280
He says, OK, let's talk, let's 
get on. 

1766
01:19:46,280 --> 01:19:48,360
Just do an interview. 
So that interview I was super 

1767
01:19:48,360 --> 01:19:49,680
casual. 
I had like a baseball hat on and

1768
01:19:49,680 --> 01:19:51,880
stuff. 
But I went on there and and that

1769
01:19:51,880 --> 01:19:57,400
thing actually has done more 
credit to Scott Shafer. 

1770
01:19:57,400 --> 01:20:01,960
That video has done more for 
this effort and my effort to get

1771
01:20:01,960 --> 01:20:03,560
the word out than anything else 
I've done. 

1772
01:20:03,760 --> 01:20:07,640
Anything else I've done so. 
So let's backtrack to the CFTC, 

1773
01:20:07,640 --> 01:20:09,280
because this is what really 
frustrates me. 

1774
01:20:09,280 --> 01:20:11,160
What does that? 
Stand for It's consumer finance.

1775
01:20:11,160 --> 01:20:13,640
What protection? 
The Commodities Futures Trading 

1776
01:20:13,640 --> 01:20:17,120
Commission, so they're federal, 
the federal, yeah, regulatory 

1777
01:20:17,120 --> 01:20:19,120
body for commodities and 
futures. 

1778
01:20:19,240 --> 01:20:22,840
So they say we don't have, we 
don't have jurisdiction. 

1779
01:20:23,000 --> 01:20:25,480
Let's, we're going to close 
your, your case. 

1780
01:20:25,480 --> 01:20:27,400
And we're like, well, so we 
asked them who does? 

1781
01:20:27,520 --> 01:20:28,840
They're like, we don't know, 
right? 

1782
01:20:28,840 --> 01:20:31,560
So it's like, OK, great. 
So my attorney fires me. 

1783
01:20:31,560 --> 01:20:33,160
He's like, like, I can't do 
anything for you. 

1784
01:20:33,240 --> 01:20:38,160
So I just take the TCR, we the, 
the, the complaint with the CFTC

1785
01:20:38,160 --> 01:20:42,480
that we filed and I send it to 
the SEC, the FTCI send it to 

1786
01:20:42,600 --> 01:20:44,640
everyone in their mom. 
I'm not kidding. 

1787
01:20:44,640 --> 01:20:47,240
Every federal agency you can 
imagine with three letters, 4 

1788
01:20:47,240 --> 01:20:51,240
letters. 
I send it to him and I get 

1789
01:20:51,240 --> 01:20:54,880
nothing. 
And then in 2023 had rock 

1790
01:20:54,880 --> 01:20:59,560
secured Jade Johnson Kelly, the 
the VP of Augusta that left 

1791
01:20:59,640 --> 01:21:01,560
Merritt and showed up at Isaac 
Staum. 

1792
01:21:02,280 --> 01:21:06,520
He had left Augusta I think 
around 2019-2020, stole all of 

1793
01:21:06,520 --> 01:21:09,600
Augusta's leads and the irony 
there and then went to start Red

1794
01:21:09,600 --> 01:21:12,240
Rock secured. 
Red Rock secured are sued in 

1795
01:21:12,240 --> 01:21:18,720
2023 by none other than the CFTC
in a joint lawsuit with the SEC.

1796
01:21:18,840 --> 01:21:22,280
So I'm going hold the phone here
guys. 

1797
01:21:22,280 --> 01:21:24,560
I thought you didn't have 
jurisdiction. 

1798
01:21:25,000 --> 01:21:27,520
How how are you filing this 
joint lawsuit if you don't have 

1799
01:21:27,520 --> 01:21:31,680
jurisdiction right. 
So I so the reason I knew about 

1800
01:21:31,680 --> 01:21:33,960
this lawsuit is because Jeremy 
Miller and I have stayed in 

1801
01:21:33,960 --> 01:21:36,480
contact since we've worked on 
that Washington Post article 

1802
01:21:36,600 --> 01:21:39,880
article and he still to this day
sends me information so he sends

1803
01:21:39,880 --> 01:21:41,840
me this lawsuit. 
He says, hi, have you seen this?

1804
01:21:41,960 --> 01:21:44,760
And he knows obviously the 
connection with shade in, in, in

1805
01:21:44,760 --> 01:21:47,280
Augusta. 
So I, I read the lawsuit and I'm

1806
01:21:47,280 --> 01:21:52,560
like, are you kidding me? 
Identical, identical business 

1807
01:21:52,560 --> 01:21:56,400
platform, identical sales 
strategy, identical spreads. 

1808
01:21:56,560 --> 01:22:00,960
The whole thing is the exact 
identical case to what we 

1809
01:22:00,960 --> 01:22:05,440
submitted to the CFTC. 
So I reach out to my attorneys. 

1810
01:22:05,560 --> 01:22:08,800
I'm like, hey guys, does CFTC 
just look at the case 

1811
01:22:08,800 --> 01:22:11,040
similarities? 
Like I have the same attorney 

1812
01:22:11,320 --> 01:22:15,000
like Sean, my attorney like 
Sean, this is the same exact 

1813
01:22:15,000 --> 01:22:17,680
lawsuit that we want them to 
file against Augusta. 

1814
01:22:17,680 --> 01:22:20,720
What on earth is going on, Sean?
He's like, I have no idea. 

1815
01:22:20,960 --> 01:22:23,600
So then we decide that we're 
going to file, resubmit the 

1816
01:22:23,600 --> 01:22:27,040
complaint with the CTC and then 
also file a subsequent complaint

1817
01:22:27,040 --> 01:22:30,360
with the SEC, OK, because there 
was a joint lawsuit. 

1818
01:22:30,600 --> 01:22:33,800
So we get a, a quick response. 
They get back to us and, and we 

1819
01:22:33,800 --> 01:22:35,080
start having a conversation 
again. 

1820
01:22:35,080 --> 01:22:38,280
And, and I'm pissed. 
I'm like, there's no excuse. 

1821
01:22:38,360 --> 01:22:42,640
So then I find out the reason 
why Shade was sued so quickly is

1822
01:22:42,640 --> 01:22:45,360
because someone that works for 
the federal government that 

1823
01:22:45,360 --> 01:22:48,360
probably handles mutual funds or
something invested a bunch of 

1824
01:22:48,360 --> 01:22:52,840
money couple $1,000,000 in these
assets that that K that 

1825
01:22:52,960 --> 01:22:55,520
portfolio was probably audited 
or something like I'm kind of 

1826
01:22:55,520 --> 01:22:58,000
hypothesizing a little bit here,
but it was audited. 

1827
01:22:58,000 --> 01:22:59,560
And then people go, where's the 
money? 

1828
01:23:00,200 --> 01:23:02,760
And then they figure out that 
Red Rocket took them for a ride.

1829
01:23:02,760 --> 01:23:04,600
And because they have 
connections in the federal 

1830
01:23:04,600 --> 01:23:06,920
government, Shea gets sued. 
Isn't that something? 

1831
01:23:07,120 --> 01:23:10,640
Isn't that something? 
And I'm so I'm like, hold on. 

1832
01:23:10,840 --> 01:23:17,800
So we filed these complaints and
then and the the day that they 

1833
01:23:17,800 --> 01:23:20,240
filed the actual lawsuit, so we 
knew they were working on this 

1834
01:23:20,240 --> 01:23:22,080
red rock thing. 
I was at an Ace Hardware. 

1835
01:23:22,080 --> 01:23:23,880
I was doing some yard work. 
I was at an Ace Hardware and I 

1836
01:23:23,880 --> 01:23:29,400
get a message and Jeremy Miller 
sends me this this press release

1837
01:23:29,680 --> 01:23:32,560
$68 million lawsuit against Red 
Rock secured. 

1838
01:23:32,840 --> 01:23:36,880
So I'm super happy, but I'm also
really pissed and I'm like this 

1839
01:23:36,880 --> 01:23:40,160
makes no sense. 
So remember I now I have legal 

1840
01:23:40,160 --> 01:23:43,400
representation because we knew 
this SEC were working this case 

1841
01:23:43,400 --> 01:23:45,480
against shade before it had ever
been filed. 

1842
01:23:45,640 --> 01:23:52,560
So we knew about that and I, I 
basically, I, I'm in the Ace 

1843
01:23:52,560 --> 01:23:55,160
Hardware and I'm fuming. 
I'm happy, I'm fuming at the 

1844
01:23:55,160 --> 01:23:58,160
same time. 
So I send the SEC and the CFTC 

1845
01:23:58,160 --> 01:24:01,160
an e-mail and I say guys, super 
happy. 

1846
01:24:01,160 --> 01:24:03,520
You guys indicted Shade. 
I could tell you everything 

1847
01:24:03,520 --> 01:24:04,760
about him. 
He was not my wedding. 

1848
01:24:04,920 --> 01:24:08,480
I can telling you right now the 
same exact thing that Shade is 

1849
01:24:08,480 --> 01:24:12,680
doing, Isaac is also doing. 
So I want you guys to tell me 

1850
01:24:12,840 --> 01:24:17,520
how is it that you have had my 
complaint since 2018, since 

1851
01:24:17,520 --> 01:24:21,800
before Shade even started his 
business in August, are still 

1852
01:24:21,800 --> 01:24:24,280
operating. 
Please explain this to me. 

1853
01:24:24,280 --> 01:24:25,720
Thank you. 
And then I got a call from my 

1854
01:24:25,720 --> 01:24:27,880
attorney and he's pissed off. 
You can't contact them. 

1855
01:24:28,080 --> 01:24:29,480
You're under legal 
representation. 

1856
01:24:29,480 --> 01:24:32,640
And I said I don't give a shit. 
I'm sick and tired of waiting. 

1857
01:24:32,920 --> 01:24:36,480
We cannot wait because every 
time that we wait, I don't care 

1858
01:24:36,480 --> 01:24:39,040
about the whistleblower money. 
So just Full disclosure, I'm 

1859
01:24:39,040 --> 01:24:43,000
entitled to 10 to 30% of any 
claim, any, any money that is 

1860
01:24:43,000 --> 01:24:46,720
actually derived from my 
complaint that I've helped them 

1861
01:24:46,720 --> 01:24:47,960
with. 
Don't give a shit. 

1862
01:24:48,200 --> 01:24:52,160
Keep the money I don't care. 
I care about saving people from 

1863
01:24:52,160 --> 01:24:53,800
being defrauded in their 
retirement funds. 

1864
01:24:53,800 --> 01:24:56,240
Don't care about the money. 
Obviously my attorneys want to 

1865
01:24:56,240 --> 01:24:57,800
get paid, but that's the them 
problem. 

1866
01:24:57,800 --> 01:24:59,400
I'm sorry. 
Every time I send them 

1867
01:24:59,400 --> 01:25:01,040
information and say, get this to
the safety. 

1868
01:25:01,040 --> 01:25:02,880
Why should we? 
Why should we? 

1869
01:25:02,880 --> 01:25:05,440
Oh, I don't know. 
Maybe this will help spur them 

1870
01:25:05,440 --> 01:25:06,840
into doing something. 
I don't know. 

1871
01:25:07,040 --> 01:25:10,040
So I don't know that I'll be 
eligible anyway because I'm 

1872
01:25:10,040 --> 01:25:12,480
talking about a complaint that I
filed that they have yet to take

1873
01:25:12,480 --> 01:25:14,120
action on. 
I don't care, Kyle. 

1874
01:25:14,120 --> 01:25:18,200
I'm I'm at the point where seven
years of my life has been spent 

1875
01:25:18,200 --> 01:25:21,400
trying to get people to listen. 
I talked to my prior 

1876
01:25:21,400 --> 01:25:23,560
congresswoman, and now I'm 
talking to my freshman 

1877
01:25:23,560 --> 01:25:26,160
congressman. 
I've talked to Congressman David

1878
01:25:26,160 --> 01:25:28,920
Kustov out of Tennessee because 
I was referred to his committee 

1879
01:25:29,160 --> 01:25:32,640
in in the in the last Congress 
that went nowhere. 

1880
01:25:33,800 --> 01:25:36,200
Ted Cruz has a show, Don Junior 
has a show. 

1881
01:25:36,280 --> 01:25:39,160
Everyone has a show that is all 
sponsored by gold advertisers. 

1882
01:25:39,400 --> 01:25:42,560
And all I'm trying to say is, 
guys, you have a fiduciary 

1883
01:25:42,560 --> 01:25:46,280
responsibility to vet your 
advertisers so that they don't 

1884
01:25:46,280 --> 01:25:49,480
harm your, your audiences. 
Now, I'm not saying they all are

1885
01:25:49,480 --> 01:25:51,640
doing it. 
What I'm saying is you should 

1886
01:25:51,640 --> 01:25:54,120
vet that though. 
You should vet that though the 

1887
01:25:54,120 --> 01:25:57,680
icon and I all I'm trying to do 
is say to you, whoever it is, 

1888
01:25:57,680 --> 01:26:01,040
Ted Cruz, hey Ted, please vet 
your gold sponsor. 

1889
01:26:01,040 --> 01:26:03,720
Hey, Charlie Kirk, vet your gold
sponsor. 

1890
01:26:03,920 --> 01:26:07,000
OK, so now the counter argument 
to this is going to be well, 

1891
01:26:07,000 --> 01:26:08,640
Dale, there's no negative 
reviews online. 

1892
01:26:08,640 --> 01:26:10,600
Well, let's talk about the 
negative reviews. 

1893
01:26:10,600 --> 01:26:12,720
Why does Augusta have no 
negative reviews? 

1894
01:26:12,720 --> 01:26:15,080
Why do Red Rocks secure or not? 
Why do any of these other 

1895
01:26:15,080 --> 01:26:16,960
companies metals.com suit into 
the ground? 

1896
01:26:17,120 --> 01:26:18,840
Why do they not have bad reviews
online? 

1897
01:26:18,840 --> 01:26:21,640
Kyle, great question. 
You're such a good interviewer. 

1898
01:26:24,120 --> 01:26:26,840
Great question. 
So the reason reason why is 

1899
01:26:26,840 --> 01:26:30,880
because if you go online and you
put a negative review, they do 

1900
01:26:31,000 --> 01:26:34,120
everything they can to get you 
to remove that. 

1901
01:26:34,360 --> 01:26:38,480
So for example, we had a guy who
realized what had happened. 

1902
01:26:38,480 --> 01:26:40,960
His wife had his, his wife had 
invested, he didn't know 

1903
01:26:40,960 --> 01:26:42,800
anything about it. 
His wife had invested her 

1904
01:26:42,800 --> 01:26:45,560
retirement funds. 
He he like finds out like 6-8 

1905
01:26:45,560 --> 01:26:47,040
months later that she's 
investing all this money. 

1906
01:26:47,040 --> 01:26:49,080
He starts researching it and 
goes, where's your money? 

1907
01:26:49,080 --> 01:26:50,560
You don't, you don't have any 
money left. 

1908
01:26:50,560 --> 01:26:53,920
Your portfolio is worth like 50%
of what it should be based on 

1909
01:26:53,920 --> 01:26:55,920
what you'd paid for assets. 
And the market hasn't moved. 

1910
01:26:56,320 --> 01:26:59,760
So he gets on to this thing. 
So the only way you get your 

1911
01:26:59,760 --> 01:27:03,600
money back is you go online, you
leave a bad review, then they 

1912
01:27:03,600 --> 01:27:06,520
go, we don't want bad reviews 
because we don't want anyone 

1913
01:27:06,520 --> 01:27:08,840
knowing. 
So they say, hey, we'll give you

1914
01:27:08,840 --> 01:27:11,160
all of your money back on these 
conditions. 

1915
01:27:11,320 --> 01:27:13,480
You remove your review, you're 
going to sign this 

1916
01:27:13,480 --> 01:27:16,760
confidentiality agreement that 
says you will never disparage 

1917
01:27:16,760 --> 01:27:21,120
our company publicly ever. 
And if you break this 

1918
01:27:21,120 --> 01:27:24,280
confidential, we'll sue you. 
So I'm faced I'm a customer, 

1919
01:27:24,360 --> 01:27:26,760
I've invested, I figured out 
holy cow, I've been taken for a 

1920
01:27:26,760 --> 01:27:29,040
ride. 
OK, I've invested and and I have

1921
01:27:29,040 --> 01:27:31,920
an opportunity now to get my 
money back, my life savings. 

1922
01:27:31,920 --> 01:27:34,960
This isn't just my money. 
This isn't me buying a, a, a car

1923
01:27:34,960 --> 01:27:38,400
at a car dealership. 
This is my life savings that 

1924
01:27:38,400 --> 01:27:39,880
I've worked 30 plus years, 
right? 

1925
01:27:41,000 --> 01:27:45,480
I have an opportunity to get my 
money, my entire money refunded 

1926
01:27:45,480 --> 01:27:49,440
to me if I sign this document 
that says I will not go online 

1927
01:27:49,440 --> 01:27:52,160
or talk disparagingly in public 
about these companies. 

1928
01:27:52,880 --> 01:27:56,960
I don't blame not a single soul 
who has signed that document. 

1929
01:27:57,200 --> 01:27:59,360
But I tell you what, Kyle, you 
know who I do blame? 

1930
01:27:59,520 --> 01:28:05,120
I blame ABC for counting a story
when we worked to get victims of

1931
01:28:05,400 --> 01:28:10,200
Augusta to go on camera and ABC 
flew me to Florida and Kira 

1932
01:28:10,200 --> 01:28:13,600
Phillips interviews me. 
We spend a whole day doing the B

1933
01:28:13,600 --> 01:28:16,240
roll, the interview, the whole 9
yards. 

1934
01:28:16,480 --> 01:28:18,760
They they spend all this money, 
time and effort. 

1935
01:28:18,760 --> 01:28:21,400
She goes, she goes into these 
people's houses. 

1936
01:28:21,480 --> 01:28:25,320
My attorney, Angie Mireshi. 
Angie Mireshi is a news anchor 

1937
01:28:25,480 --> 01:28:27,000
and I think it's Pennsylvania 
now. 

1938
01:28:27,000 --> 01:28:29,400
She used to work at my law firm.
She's the one that did all the 

1939
01:28:29,400 --> 01:28:30,520
vetting of me. 
OK, OK. 

1940
01:28:31,360 --> 01:28:37,200
She, Angie Mireshi, called 
certain clients that I had 

1941
01:28:37,200 --> 01:28:40,320
isolated and said you should 
call these people and convinces 

1942
01:28:40,320 --> 01:28:43,200
them to break their 
confidentiality agreement and to

1943
01:28:43,200 --> 01:28:50,440
go on camera with ABC and ABC. 
Can the story after going into 

1944
01:28:50,440 --> 01:28:53,800
those people's homes when they 
are scared to death of being 

1945
01:28:53,800 --> 01:28:57,080
sued, when they are scared to 
death of the ramifications, go 

1946
01:28:57,080 --> 01:29:00,800
into their homes and interview 
these folks after building that 

1947
01:29:00,800 --> 01:29:03,120
trust. 
And they crap all over that 

1948
01:29:03,120 --> 01:29:05,480
trust. 
They crap all over those people 

1949
01:29:05,640 --> 01:29:07,080
and they don't just crap on 
them. 

1950
01:29:07,200 --> 01:29:10,520
They crap on the victims that 
come thereafter because they 

1951
01:29:10,520 --> 01:29:14,680
have the power to get this out 
and they kind of the story. 

1952
01:29:14,920 --> 01:29:18,200
Isn't it something that somehow 
Kyra Phillips, who told me she 

1953
01:29:18,200 --> 01:29:21,160
didn't want the White House beat
at ABC, She didn't want it 

1954
01:29:21,160 --> 01:29:23,680
because her husband works at Fox
and he had the White House beat.

1955
01:29:23,680 --> 01:29:26,280
This is for 2017. 
So this is 20/19. 

1956
01:29:26,520 --> 01:29:27,800
She didn't want the White House 
beat. 

1957
01:29:27,800 --> 01:29:30,200
She went to ABC because she 
wanted to do investigative 

1958
01:29:30,200 --> 01:29:32,520
reporting. 
She wanted to do this story. 

1959
01:29:32,520 --> 01:29:35,800
Suddenly we do all this thing, 
do all the shooting, the 

1960
01:29:35,800 --> 01:29:40,640
producer, I forget her name, she
gets she gets promoted. 

1961
01:29:40,840 --> 01:29:43,520
And then Kyra Phillips gets 
promoted to the White House 

1962
01:29:43,520 --> 01:29:48,000
beat. 
This is within six months of me,

1963
01:29:48,600 --> 01:29:51,240
of us filming. 
So I emailed someone called 

1964
01:29:51,240 --> 01:29:53,760
Cindy Galley. 
Cindy Galley is an executive 

1965
01:29:53,760 --> 01:29:57,040
producer on ABC News. 
And I told her that she was, 

1966
01:29:57,040 --> 01:30:01,200
that what they did was immoral, 
that it was disgusting that they

1967
01:30:01,200 --> 01:30:03,280
had, we had built the trust of 
those folks. 

1968
01:30:03,400 --> 01:30:05,160
And you guys absolutely crapped 
on it. 

1969
01:30:05,160 --> 01:30:08,600
You guys are not journalists. 
You guys are so worried about 

1970
01:30:08,600 --> 01:30:12,200
Donald Trump that when I present
you something that could 

1971
01:30:12,200 --> 01:30:16,360
tangibly save people's lives, 
save people's lives, that you 

1972
01:30:16,360 --> 01:30:17,720
guys aren't willing to do 
anything about it. 

1973
01:30:17,880 --> 01:30:20,320
And now when I say save people's
lives, Kyle, I'll tell you this.

1974
01:30:21,920 --> 01:30:28,520
There was a guy who told someone
that when he realized he'd lost 

1975
01:30:28,520 --> 01:30:30,720
his life savings, he grabbed his
pistol. 

1976
01:30:30,720 --> 01:30:32,760
He sat on the edge of his bed 
and he put his pistol in his 

1977
01:30:32,760 --> 01:30:35,840
mouth and he said if his dog had
not jumped on the bed he would 

1978
01:30:35,840 --> 01:30:37,560
have pulled the trigger. 
I'm certain that people have 

1979
01:30:37,560 --> 01:30:39,680
killed themselves, 100% 
absolutely certain. 

1980
01:30:40,160 --> 01:30:44,240
And so when I found that out in 
2023, because so I get, so I, I 

1981
01:30:44,240 --> 01:30:48,440
mean, 2021, I'm working my, I 
mean, I'm everything shut down 

1982
01:30:48,440 --> 01:30:51,040
still, you know, everything's 
just getting back up and going. 

1983
01:30:51,040 --> 01:30:53,200
But I'd spent months and months 
and months during my 2020 and 

1984
01:30:53,200 --> 01:30:56,520
2021 period working on the 
drafting the outline of the 

1985
01:30:56,520 --> 01:30:57,440
book. 
And they're doing all these 

1986
01:30:57,440 --> 01:31:00,080
other things trying to get 
people to listen and so on. 

1987
01:31:00,080 --> 01:31:02,720
And dude, I just got to a point 
where I got so burnt out. 

1988
01:31:02,720 --> 01:31:04,280
I just said to the Lord, I said,
I'm done. 

1989
01:31:04,520 --> 01:31:07,040
And, and I said, I'm done. 
I've given this fight at this 

1990
01:31:07,040 --> 01:31:08,360
point, it was like 5 years of my
life. 

1991
01:31:08,360 --> 01:31:11,440
I've given this five years of my
life or maybe 4 years of my 

1992
01:31:11,440 --> 01:31:13,240
life. 
I've put in part time hours 

1993
01:31:13,240 --> 01:31:16,680
almost every week of my life 
trying to get people to listen. 

1994
01:31:16,680 --> 01:31:18,000
And I was just like, Lord, I'm 
done. 

1995
01:31:18,120 --> 01:31:20,480
I said, I tell you what, this is
the promise I'm going to make to

1996
01:31:20,640 --> 01:31:22,360
you. 
You put people in my path that 

1997
01:31:22,360 --> 01:31:25,160
will make this happen. 
And I will give 110% effort, 

1998
01:31:25,200 --> 01:31:28,360
110% effort. 
And I will do everything in my 

1999
01:31:28,360 --> 01:31:31,120
power, whether that's spending 
money, whether that's doing 

2000
01:31:31,120 --> 01:31:34,000
things like this, whether that's
helping Jeremy Miller, whether 

2001
01:31:34,000 --> 01:31:38,040
that's helping the CFTC. 
By the way, I told them I would 

2002
01:31:38,040 --> 01:31:40,480
testify in the in the Red Rock 
secured case. 

2003
01:31:40,560 --> 01:31:43,240
I told them I'll put my hand in 
a Bible and I'll swear to 

2004
01:31:43,240 --> 01:31:45,920
exactly what the the degenerate 
things that they do. 

2005
01:31:46,240 --> 01:31:48,800
It is an R and don't hear back 
from them. 

2006
01:31:49,280 --> 01:31:53,800
And I, I just gave the promise 
to Lord, I said, I'll I'll do it

2007
01:31:53,800 --> 01:31:56,360
when you put it in my place. 
But I like it was just 

2008
01:31:56,360 --> 01:31:58,480
overwhelming. 
And it was, it was roadblock 

2009
01:31:58,480 --> 01:32:00,880
after roadblock after roadblock.
And then when I heard that 

2010
01:32:00,880 --> 01:32:04,160
story, man, I broke down crying 
because I'm like, that guy would

2011
01:32:04,160 --> 01:32:06,000
have killed himself. 
And I am what? 

2012
01:32:06,000 --> 01:32:10,560
Because because I was fed up, 
because I was sick and tired of 

2013
01:32:10,560 --> 01:32:14,800
being told no or being ignored 
that my feelings trump that 

2014
01:32:14,800 --> 01:32:18,760
guy's entire life. 
And that that two year period 

2015
01:32:18,760 --> 01:32:21,360
where I did a lot less work. 
I didn't wouldn't say I did 

2016
01:32:21,360 --> 01:32:23,640
nothing. 
But in that, you know, I was 

2017
01:32:23,720 --> 01:32:26,640
with two years, about 18 months 
when I heard that story, the 

2018
01:32:26,640 --> 01:32:29,880
overwhelming amount of guilt 
that I felt was just like 

2019
01:32:29,920 --> 01:32:33,120
astronomical because that guy, 
if that guy that killed himself,

2020
01:32:33,120 --> 01:32:35,160
I would have been part to blame 
because I didn't do everything 

2021
01:32:35,160 --> 01:32:37,320
that I could have done. 
And that's the same for the 

2022
01:32:37,320 --> 01:32:40,800
people at the SEC and that's the
same for the people at the CFTC.

2023
01:32:41,000 --> 01:32:43,160
And that's the same for the 
congressman that I've spoke to 

2024
01:32:43,160 --> 01:32:46,960
your legislative aides. 
Every single day that you don't 

2025
01:32:46,960 --> 01:32:49,400
do something, blood is on your 
hands. 

2026
01:32:49,520 --> 01:32:52,160
Because people, there are 
absolutely people like that 

2027
01:32:52,160 --> 01:32:55,880
gentleman who did sit on the bed
and who did blow their brains 

2028
01:32:55,880 --> 01:32:57,680
out because you guys wouldn't 
act. 

2029
01:32:57,680 --> 01:33:00,160
There's no question in my mind. 
There's there's zero question in

2030
01:33:00,160 --> 01:33:02,720
my mind because fight being 
financially devastated, people 

2031
01:33:02,720 --> 01:33:04,600
can't afford to live on. 
They don't know what they're 

2032
01:33:04,600 --> 01:33:06,680
going to do. 
People make rash decisions in 

2033
01:33:06,680 --> 01:33:08,400
short moments. 
They make a permanent decision 

2034
01:33:08,400 --> 01:33:11,240
to a temporary problem, but it's
kind of a big problem when you 

2035
01:33:11,240 --> 01:33:13,640
can't go back to work and you 
don't have any money and all the

2036
01:33:13,640 --> 01:33:15,080
money that you've been putting 
away is gone. 

2037
01:33:15,280 --> 01:33:19,640
It is, it is, it's stunning. 
So here's here's how I know what

2038
01:33:19,640 --> 01:33:22,360
you're saying is true. 
Here's what I know about that, 

2039
01:33:22,480 --> 01:33:25,400
that negative review situation. 
I've talked to people that have 

2040
01:33:25,400 --> 01:33:27,840
gone back and gotten their money
back in exactly the same way you

2041
01:33:27,840 --> 01:33:30,200
said it, and everything you said
is exactly correct. 

2042
01:33:30,360 --> 01:33:33,080
They go forward and they talk to
the other Better Business 

2043
01:33:33,080 --> 01:33:34,920
Bureau. 
They go forward and talk to the 

2044
01:33:34,920 --> 01:33:37,800
attorney general in their state.
They go forward and talk to 

2045
01:33:37,800 --> 01:33:40,680
various commissions and so on. 
They bring government into it. 

2046
01:33:40,840 --> 01:33:43,040
And that scrutiny is not 
something that these companies 

2047
01:33:43,040 --> 01:33:44,640
will withstand. 
And it doesn't matter the 

2048
01:33:44,640 --> 01:33:46,720
company, it's not just Augusta, 
clearly not. 

2049
01:33:47,000 --> 01:33:48,960
They all do the same thing. 
They all go and scrub it. 

2050
01:33:49,120 --> 01:33:51,120
They will make you happy. 
And I didn't know about the NDA,

2051
01:33:51,120 --> 01:33:52,360
but of course that makes perfect
sense. 

2052
01:33:52,360 --> 01:33:53,520
I assume that's what they would 
do. 

2053
01:33:53,720 --> 01:33:56,360
The confidentiality, the non 
disclosure, that has to be part 

2054
01:33:56,360 --> 01:33:58,680
of the gig. 
Somebody is going to have to eat

2055
01:33:58,680 --> 01:33:59,680
it. 
And isn't that a shame? 

2056
01:33:59,680 --> 01:34:02,760
Isn't it even more interesting 
that ABC knew and could have 

2057
01:34:02,880 --> 01:34:04,480
could have brought this to a 
bigger audience? 

2058
01:34:04,840 --> 01:34:07,880
Here's what I wonder, because I 
actually do wonder this how much

2059
01:34:07,880 --> 01:34:10,520
of ABC story was tanked because 
those people are filthy Trump 

2060
01:34:10,520 --> 01:34:11,680
supporters and they didn't like 
them? 

2061
01:34:11,720 --> 01:34:13,320
I, I don't know, man. 
I don't know what their 

2062
01:34:13,320 --> 01:34:14,600
motivation was. 
And I. 

2063
01:34:15,080 --> 01:34:17,480
I don't either, but I'm just. 
Saying timing is just so. 

2064
01:34:17,480 --> 01:34:20,720
It was just so ludicrous, man. 
It was like, oh, here is now on 

2065
01:34:20,720 --> 01:34:22,960
the the White House beat, The 
White House beat she didn't 

2066
01:34:22,960 --> 01:34:24,680
want. 
OK, here's the here's the other 

2067
01:34:24,680 --> 01:34:27,040
part of that on the back end, 
because I've spoken to people 

2068
01:34:27,040 --> 01:34:29,600
who worked for Fox, who worked 
for Daily Caller, who worked for

2069
01:34:29,600 --> 01:34:31,400
some of the bigger news 
organizations, at least on the 

2070
01:34:31,400 --> 01:34:33,760
conservative side. 
And the and the game is this. 

2071
01:34:33,920 --> 01:34:36,880
When you get a story like that, 
that's your golden ticket. 

2072
01:34:37,080 --> 01:34:40,080
When you have a story that 
exposes something very big, you 

2073
01:34:40,080 --> 01:34:41,560
now have something to bargain 
with. 

2074
01:34:41,760 --> 01:34:44,560
And those people all have one of
two choices. 

2075
01:34:44,720 --> 01:34:47,040
They can go forward and run the 
story, maybe not on that outlet,

2076
01:34:47,040 --> 01:34:50,800
but somewhere because somebody 
will run the story or you cash 

2077
01:34:50,800 --> 01:34:54,000
it in and your silence is your 
promotion and you find yourself 

2078
01:34:54,240 --> 01:34:57,800
doubling your salary, tons more 
responsibility, the big break. 

2079
01:34:58,080 --> 01:34:59,240
They put you into a place where 
you go. 

2080
01:34:59,240 --> 01:35:00,640
I know that that story's 
happened. 

2081
01:35:00,640 --> 01:35:02,240
I've talked to people who've had
that decision. 

2082
01:35:02,240 --> 01:35:04,320
Well, this is like the same 
thing that CNN did with the 

2083
01:35:04,320 --> 01:35:07,000
Prince Andrew story, whether 
there was a hot mic incident. 

2084
01:35:07,000 --> 01:35:09,440
I don't, I think it was Prince 
Andrew where she had the story 

2085
01:35:09,440 --> 01:35:10,880
about Prince Andrew for like 
years. 

2086
01:35:10,880 --> 01:35:12,720
And she had tried to get CNN to 
do it and he wouldn't do 

2087
01:35:12,720 --> 01:35:13,920
anything with it. 
And then it would throw. 

2088
01:35:14,240 --> 01:35:16,080
And she was pissed because she's
like, I've been trying to get 

2089
01:35:16,080 --> 01:35:18,240
you guys to break this for years
and we missed it because you 

2090
01:35:18,240 --> 01:35:19,840
guys what? 
Like what's the deal? 

2091
01:35:20,000 --> 01:35:21,920
That's the reason. 
So somebody. 

2092
01:35:21,920 --> 01:35:23,560
Came to somebody and asked him 
to be quiet. 

2093
01:35:23,800 --> 01:35:28,600
I don't doubt that that's true. 
And again, people have asked me,

2094
01:35:29,040 --> 01:35:31,480
do you fear for your safety? 
Maybe a little bit, but it 

2095
01:35:31,480 --> 01:35:35,240
doesn't matter because my safety
doesn't trump the billions of 

2096
01:35:35,240 --> 01:35:38,440
dollars that people are losing. 
Because at the end of the day, 

2097
01:35:38,920 --> 01:35:42,480
if if that was my mom and my 
grandma and there was a Dale in 

2098
01:35:42,480 --> 01:35:44,040
that industry that wasn't 
willing to speak out. 

2099
01:35:44,040 --> 01:35:46,400
And now let me tell you, there 
are other people in the industry

2100
01:35:46,400 --> 01:35:49,160
that are coming forward. 
They're behind the scenes, but 

2101
01:35:49,160 --> 01:35:50,840
they're coming forward and 
they're also blowing the 

2102
01:35:50,840 --> 01:35:52,560
whistle. 
So I know this for a fact. 

2103
01:35:52,560 --> 01:35:56,560
I've spoken to a few of them in 
the last couple of years and the

2104
01:35:57,120 --> 01:35:59,600
which is great. 
Now a lot of them are in fear 

2105
01:36:00,200 --> 01:36:04,080
and and rightly so, the people 
who have a lot to lose are the 

2106
01:36:04,080 --> 01:36:06,400
salesman and a lot of these guys
are unhinged. 

2107
01:36:07,280 --> 01:36:09,040
A lot of them are truly 
unhinged. 

2108
01:36:09,040 --> 01:36:12,680
Like you're stepping between, 
you're talking about people who 

2109
01:36:12,880 --> 01:36:18,680
if they weren't selling gold and
making quarter million, half a 

2110
01:36:18,680 --> 01:36:22,200
million, $1,000,000 a year, a 
year, excuse me, selling golds, 

2111
01:36:22,200 --> 01:36:24,160
these these guys would be 
working at McDonald's. 

2112
01:36:24,360 --> 01:36:27,320
That's no slide on McDonald's. 
But my point is they have no 

2113
01:36:27,320 --> 01:36:30,120
skill set, right? 
Like they have no skill set. 

2114
01:36:30,120 --> 01:36:33,920
And so you're stepping me. 
I'm stepping between not just 

2115
01:36:33,920 --> 01:36:36,720
the people out Augusta, I'm 
stepping on an entire industry 

2116
01:36:37,040 --> 01:36:42,440
a, a, a behemoth of an industry 
where I know what's at stake. 

2117
01:36:42,560 --> 01:36:45,440
I understand that. 
And I'm this is the chance. 

2118
01:36:45,440 --> 01:36:49,120
This is I am willing to take 
that chance because this isn't 

2119
01:36:49,120 --> 01:36:51,120
about me. 
What's the best thing that you 

2120
01:36:51,120 --> 01:36:53,840
can do is to give your life for 
your friend, for your neighbor. 

2121
01:36:53,840 --> 01:36:56,640
It's the best thing you can do. 
And if this was happening to me 

2122
01:36:57,840 --> 01:37:02,080
or my mom or my grandma, and 
there was someone like me in the

2123
01:37:02,080 --> 01:37:05,080
industry that had this 
information, one wasn't willing 

2124
01:37:05,080 --> 01:37:10,040
to step forward. 
If that led to my mom taking her

2125
01:37:10,040 --> 01:37:11,920
own life, my grandma taking her 
own life or them losing their 

2126
01:37:11,920 --> 01:37:16,400
life savings, I would be so 
pissed at that person for not. 

2127
01:37:17,680 --> 01:37:20,840
And, and so I don't have a 
choice. 

2128
01:37:20,840 --> 01:37:23,720
I don't have a choice to sit and
wait for the CFTCI was actually 

2129
01:37:23,720 --> 01:37:25,680
just looking. 
Our complaint was filed in like 

2130
01:37:25,720 --> 01:37:27,680
mid 2023. 
It's been 2 year, almost two 

2131
01:37:27,680 --> 01:37:30,000
years now. 
So I guess any day now, any day 

2132
01:37:30,000 --> 01:37:33,000
now, Kyle, we'll get a call from
the CFTC and they'll finally do 

2133
01:37:33,000 --> 01:37:34,520
something. 
I don't care about the money. 

2134
01:37:34,840 --> 01:37:36,120
I don't want the whistleblower 
money. 

2135
01:37:36,280 --> 01:37:38,840
I don't care about that. 
What I care about is the folks 

2136
01:37:38,840 --> 01:37:40,440
who are out there who are being 
actively harmed. 

2137
01:37:40,480 --> 01:37:43,640
And we didn't even touch 90%. 
We didn't. 

2138
01:37:43,840 --> 01:37:45,080
What's funny? 
How long have we been talking 

2139
01:37:45,080 --> 01:37:45,920
now? 
About an hour and a half. 

2140
01:37:46,320 --> 01:37:49,960
Yeah, a little more. 
We we haven't even touched the 

2141
01:37:49,960 --> 01:37:53,320
inner workings of the company. 
We haven't even touched what 

2142
01:37:53,320 --> 01:37:56,280
some of the things that the the 
guys say to the customers on the

2143
01:37:56,280 --> 01:37:59,040
phone. 
We haven't touched on the truly 

2144
01:37:59,040 --> 01:38:01,680
the true exclusivity, the fact 
that I reach out to the mints, 

2145
01:38:01,680 --> 01:38:03,040
the mints are still selling the 
coins. 

2146
01:38:03,200 --> 01:38:04,480
There's several ways we can do 
this. 

2147
01:38:04,480 --> 01:38:10,120
So I think the, the big thing is
for the, for the solution lies 

2148
01:38:10,120 --> 01:38:13,040
in, in my opinion, and I'm still
vetting this out. 

2149
01:38:13,040 --> 01:38:15,120
I'm not an attorney, so it's 
kind of difficult for me. 

2150
01:38:15,440 --> 01:38:21,520
But the true solution in my 
opinion lies in, in the IRC, we 

2151
01:38:21,520 --> 01:38:26,280
got to fix the standard of which
people can invest in, in the 

2152
01:38:26,280 --> 01:38:28,320
types of coins that they can 
invest in, in their IRA. 

2153
01:38:29,080 --> 01:38:31,680
And that's just the, I think 
that's the only way you end the 

2154
01:38:31,680 --> 01:38:34,200
industry. 
You have to do it in one fell 

2155
01:38:34,200 --> 01:38:37,400
swoop because it's like a Medusa
you cut one head off to, to grow

2156
01:38:37,400 --> 01:38:39,080
back. 
And this happens every single 

2157
01:38:39,080 --> 01:38:42,480
time in a one of these companies
goes out of the business, as 

2158
01:38:42,480 --> 01:38:45,920
we've discussed. 
And so that the, the, the 

2159
01:38:45,920 --> 01:38:49,760
solution lies in the, in, in, in
Congress, lies in the 

2160
01:38:49,760 --> 01:38:51,760
legislature. 
And so I want to know which 

2161
01:38:51,760 --> 01:38:54,160
congressmen are out there. 
And I'm hoping that my Michael 

2162
01:38:54,160 --> 01:38:56,840
Baumgartner, my, my congressman,
I'm in contact right now with 

2163
01:38:56,840 --> 01:38:59,240
his office trying to help him 
draft policy on this issue. 

2164
01:39:00,120 --> 01:39:03,240
I want to know what other 
congressmen are out there that 

2165
01:39:03,240 --> 01:39:06,080
are going to be willing to step 
forward and Co sponsor a bill 

2166
01:39:06,320 --> 01:39:08,440
and to get a bill on the House 
floor to stop this from 

2167
01:39:08,440 --> 01:39:11,120
happening. 
And, and if not, why not? 

2168
01:39:11,360 --> 01:39:13,720
Because these are your 
constituents that they're 

2169
01:39:13,720 --> 01:39:15,320
targeting. 
If you're a Republican and 

2170
01:39:15,320 --> 01:39:17,880
you're, you're claimed to be a 
conservative, they're targeting 

2171
01:39:17,880 --> 01:39:20,280
conservative Christians. 
These are your constituents. 

2172
01:39:20,280 --> 01:39:23,840
This is your underlying base. 
This is the base of the 

2173
01:39:23,840 --> 01:39:25,880
Republican Party. 
These are the blue collar 

2174
01:39:25,880 --> 01:39:30,240
workers of the, of the, the, the
Republican Party that are being 

2175
01:39:30,240 --> 01:39:33,640
harmed day in and down. 
So I want to know where the 

2176
01:39:33,640 --> 01:39:37,080
Republican folks are at, where 
the Republican legislators are 

2177
01:39:37,080 --> 01:39:39,240
at that can help fix this 
problem. 

2178
01:39:39,240 --> 01:39:41,960
My, my phone number is very easy
to find. 

2179
01:39:42,360 --> 01:39:45,160
If someone wants to find my 
phone number, very easy to find,

2180
01:39:45,440 --> 01:39:47,560
you can contact me on my 
website. 

2181
01:39:47,560 --> 01:39:49,480
You there's so many ways you can
get in contact with me. 

2182
01:39:49,640 --> 01:39:53,040
I'm an open book. 
There's I have nothing to hide. 

2183
01:39:53,400 --> 01:39:54,240
Yeah. 
And. 

2184
01:39:54,240 --> 01:39:56,560
Just while you're plugging it to
dalewhitaker.com, we'll get 

2185
01:39:56,560 --> 01:39:58,280
people there. 
They can find all your socials, 

2186
01:39:58,280 --> 01:39:59,560
they can find all your 
connections there. 

2187
01:39:59,560 --> 01:40:01,120
So we'll say that and I'll put 
it in the link. 

2188
01:40:01,360 --> 01:40:03,280
Yeah. 
So for me, it's just a case of 

2189
01:40:03,400 --> 01:40:06,520
how do we end it because the 
harm, we know the harm that's 

2190
01:40:06,520 --> 01:40:09,400
being done. 
And hopefully and I know this is

2191
01:40:09,400 --> 01:40:11,400
going to be helpful and then 
people that haven't heard about 

2192
01:40:11,400 --> 01:40:13,600
this are going to be happening. 
I get emails consistently. 

2193
01:40:13,600 --> 01:40:17,720
I get emails like I said, I had 
a few last year that I helped 

2194
01:40:17,720 --> 01:40:20,480
when with in the Scott Schaefer 
video somehow is making its 

2195
01:40:20,480 --> 01:40:22,560
rounds again so I'm getting more
emails now. 

2196
01:40:22,800 --> 01:40:23,640
Yeah. 
When was that? 

2197
01:40:23,840 --> 01:40:26,440
When was that taped? 
I think we did that in 20. 

2198
01:40:27,000 --> 01:40:28,560
It was in 2013. 
It was. 

2199
01:40:28,720 --> 01:40:31,040
So the the way that came about 
was Jeremy Miller. 

2200
01:40:31,240 --> 01:40:34,120
Not 20/13/2023, sorry. 
OK. 

2201
01:40:34,600 --> 01:40:36,720
Jeremy Miller reached out to me.
Do we? 

2202
01:40:36,720 --> 01:40:38,440
How much time do we have? 
I know you usually cut these 

2203
01:40:38,440 --> 01:40:39,880
off. 
I don't actually. 

2204
01:40:39,960 --> 01:40:41,400
We'll just go as long as you 
feel like talking. 

2205
01:40:41,400 --> 01:40:44,280
In fact, if you want to take a 
quick break and, you know, fill 

2206
01:40:44,280 --> 01:40:45,880
your cup up, we can do that. 
We can keep going. 

2207
01:40:47,800 --> 01:40:49,960
Thanks for sticking with us. 
We're taking a quick break to 

2208
01:40:49,960 --> 01:40:52,200
say thanks to our folks over at 
My Patriot Supply. 

2209
01:40:52,280 --> 01:40:54,560
They are one of our marquee 
sponsors. 

2210
01:40:54,840 --> 01:40:58,080
Prepare like kyle.com is the 
website again, it's prepare like

2211
01:40:58,080 --> 01:40:59,320
kyle.com. 
It's going to take you to a 

2212
01:40:59,320 --> 01:41:02,840
landing page and the first 
option you see is the three 

2213
01:41:02,840 --> 01:41:07,360
month emergency food kit, over 
2000 calories a day, a price 

2214
01:41:07,360 --> 01:41:09,280
that is discounted by $200 right
now. 

2215
01:41:09,280 --> 01:41:10,800
This is the same exact kit that 
we have. 

2216
01:41:10,800 --> 01:41:13,040
We have two of them. 
Having one for every adult in 

2217
01:41:13,040 --> 01:41:14,800
your household is probably a 
great option. 

2218
01:41:14,800 --> 01:41:17,800
If you if you have it and you 
hold it, no one can take it from

2219
01:41:17,800 --> 01:41:19,520
you. 
It's a thing that can ensure 

2220
01:41:19,520 --> 01:41:22,360
your safety and your stability 
in a moment of time zone unrest.

2221
01:41:22,720 --> 01:41:24,800
Just a little Peace of Mind. 
It's a personal insurance policy

2222
01:41:24,880 --> 01:41:27,240
against food shortages. 
No matter what happens, you 

2223
01:41:27,240 --> 01:41:28,520
always want to buy it when you 
can afford it. 

2224
01:41:28,520 --> 01:41:31,160
You want to buy it when you are 
not under the gun because I can 

2225
01:41:31,160 --> 01:41:34,840
assure you this in a time of 
emergency, in a time of crisis, 

2226
01:41:35,240 --> 01:41:37,440
those prices go crazy. 
You guys know what it looks 

2227
01:41:37,440 --> 01:41:38,680
like. 
We all got to live through COVID

2228
01:41:38,680 --> 01:41:40,440
and see what this looks like. 
If you've never been in a local 

2229
01:41:40,440 --> 01:41:43,720
disaster, it's about the same, 
except that happens just around 

2230
01:41:43,720 --> 01:41:46,080
you and everything is sold out 
and everything. 

2231
01:41:46,080 --> 01:41:47,840
It's really crazy. 
So check out, prepare like 

2232
01:41:47,840 --> 01:41:51,240
kyle.com, make sure you guys are
preparing for your futures, 

2233
01:41:51,240 --> 01:41:52,880
whatever that looks like. 
Again, that's the first option, 

2234
01:41:52,960 --> 01:41:55,320
but there are many options. 
You can start as low as $25, 

2235
01:41:55,320 --> 01:41:58,080
getting yourself started with 
some emergency food and the big 

2236
01:41:58,080 --> 01:42:00,280
pack is on sale right now. 
We're going to get right back 

2237
01:42:00,280 --> 01:42:02,360
into the conversation, so let's 
do it. 

2238
01:42:02,840 --> 01:42:04,040
All right, Thanks for sticking 
with us, folks. 

2239
01:42:04,040 --> 01:42:05,840
We're going to continue on with 
Dale Whitaker. 

2240
01:42:05,840 --> 01:42:08,720
We're going to continue talking 
about this, this industry, which

2241
01:42:08,720 --> 01:42:12,960
has probably an infinite depth 
of, of evil doings and so on. 

2242
01:42:13,840 --> 01:42:15,560
Where do you want to go next? 
I'm gonna, I'm gonna leave it up

2243
01:42:15,560 --> 01:42:16,360
to you. 
Where do you want to? 

2244
01:42:16,360 --> 01:42:20,880
Go so I, I had talked a little 
bit about how I, how I had, you 

2245
01:42:20,880 --> 01:42:23,000
know, given to the Lord and I 
just basically said like, Hey, 

2246
01:42:23,000 --> 01:42:25,320
you put people in my path and 
I'll, I'll make it happen. 

2247
01:42:25,320 --> 01:42:29,040
So this is about an 18 month 
period where I really, like I 

2248
01:42:29,040 --> 01:42:32,120
said, I didn't do a whole lot. 
I had gotten the outline from my

2249
01:42:32,120 --> 01:42:35,680
book didn't really I'd worked on
it on and off and and not really

2250
01:42:35,760 --> 01:42:37,600
committed. 
I was just deflated. 

2251
01:42:37,800 --> 01:42:43,240
And so it's the same 18 month 
period and I get a call from my 

2252
01:42:43,240 --> 01:42:46,720
attorney and this is before we 
he had re retaken my case. 

2253
01:42:46,720 --> 01:42:50,360
So he had, you know, obviously 
we had not talking for a few 

2254
01:42:50,360 --> 01:42:53,280
talk spoken for a few years. 
And I get a call, Hey, I have 

2255
01:42:53,280 --> 01:42:55,880
this journalist from the 
Washington Post that wants to 

2256
01:42:55,880 --> 01:42:59,040
talk to you. 
Is it OK to forward your contact

2257
01:42:59,040 --> 01:43:01,120
info? 
And I'm like, sure, that's fine.

2258
01:43:01,280 --> 01:43:06,320
So I get a call from a guy named
Jeremy, Jeremy Midler, Jeremy 

2259
01:43:06,320 --> 01:43:09,920
Miller. 
And Jeremy says, hey, this is 

2260
01:43:09,920 --> 01:43:11,680
who I am from The Washington 
Post. 

2261
01:43:11,680 --> 01:43:14,960
How much money did you lose? 
And I said, I don't know what 

2262
01:43:14,960 --> 01:43:17,080
you're talking about. 
Didn't lose any money and he 

2263
01:43:17,080 --> 01:43:19,040
goes, oh, so then what's your 
complaint about? 

2264
01:43:19,040 --> 01:43:22,120
I said I was the CFO of a 
company and he just goes tell me

2265
01:43:22,120 --> 01:43:25,640
everything. 
So right, so then this starts 

2266
01:43:25,640 --> 01:43:28,640
just great guy, great guy. 
I, I'm sure I'm he and I never 

2267
01:43:28,640 --> 01:43:30,240
talk politics. 
I'm sure we're on the opposite 

2268
01:43:30,240 --> 01:43:32,000
ends of the spectrum, but great 
guy. 

2269
01:43:32,000 --> 01:43:35,040
You know what the guy, no one 
has worked harder than him. 

2270
01:43:35,160 --> 01:43:38,040
Maybe is he and I are maybe on 
par, but no one's worked harder 

2271
01:43:38,040 --> 01:43:39,600
than him. 
He's had article after article 

2272
01:43:39,600 --> 01:43:43,400
at different outlets that he's 
been at and then so he, he 

2273
01:43:43,400 --> 01:43:45,240
contacts me, we, we start 
chatting. 

2274
01:43:45,440 --> 01:43:47,960
So I'm like I said, you know 
what, Jeremy? 

2275
01:43:47,960 --> 01:43:50,560
I said I will tell you 
everything because I made a 

2276
01:43:50,560 --> 01:43:53,080
promise of the Lord that I will 
give it 110%. 

2277
01:43:53,240 --> 01:43:56,560
But I have and he'll tell you 
this is true. 

2278
01:43:56,800 --> 01:44:00,200
I have no faith that you will 
ever get this published. 

2279
01:44:00,320 --> 01:44:05,120
No faith and in fact, I just 
messaged him a couple weeks ago 

2280
01:44:05,120 --> 01:44:07,600
and, and I was just having, I 
was just thinking about it and 

2281
01:44:07,600 --> 01:44:09,800
I, I messaged him and I said, 
Hey, man, I want to tell you, 

2282
01:44:10,040 --> 01:44:12,600
there's a lot of people out 
there that don't know how much 

2283
01:44:12,600 --> 01:44:14,320
you've done And, and I'm 
thankful for everything you've 

2284
01:44:14,320 --> 01:44:16,080
done because I really didn't 
have any faith, Kyle. 

2285
01:44:16,080 --> 01:44:19,520
I mean, I, I had worked so hard 
and, and, but I had made a 

2286
01:44:19,520 --> 01:44:21,640
promise to the Lord. 
So I told him, I will help you. 

2287
01:44:21,640 --> 01:44:23,800
I'll give you anything that you 
need, anything that you need. 

2288
01:44:23,800 --> 01:44:26,560
So he and I spent this, it was a
couple of months journey and it 

2289
01:44:26,600 --> 01:44:29,800
went on, it felt like forever 
for me because I have no faith. 

2290
01:44:29,800 --> 01:44:31,640
I, I don't have faith that he's 
going to get this published. 

2291
01:44:31,640 --> 01:44:35,480
So I'm this is going on and on 
and on and we're, we're talking 

2292
01:44:35,480 --> 01:44:37,880
and, and going through every 
angle. 

2293
01:44:37,880 --> 01:44:41,960
So he had actually quite a lot 
of the stuff like a lot of folks

2294
01:44:41,960 --> 01:44:44,560
do they, a lot of this 
information is out there, but 

2295
01:44:44,560 --> 01:44:48,640
the, the inner workings is what 
is the big piece of the puzzle 

2296
01:44:48,640 --> 01:44:51,320
that's missing? 
How do they, how do they crank 

2297
01:44:51,320 --> 01:44:56,240
up the, the price of the coin? 
Like how does that happen? 

2298
01:44:56,360 --> 01:44:59,120
It's if it's a bullion coin, how
do they have these premiums? 

2299
01:44:59,280 --> 01:45:01,200
Well, that's because they 
control the supply and the 

2300
01:45:01,200 --> 01:45:02,760
demand. 
So they create an artificial 

2301
01:45:02,760 --> 01:45:05,000
market, right? 
So these are the things that 

2302
01:45:05,000 --> 01:45:07,560
we're missing. 
He the exclusivity that those 

2303
01:45:07,560 --> 01:45:10,280
kinds of things because you see 
these sell the coin, but you 

2304
01:45:10,280 --> 01:45:12,680
don't know that it's exclusive 
to them, right? 

2305
01:45:12,680 --> 01:45:15,720
Like, and you don't understand 
that the mints have an have 

2306
01:45:15,800 --> 01:45:17,480
entered into an exclusivity 
agreement. 

2307
01:45:17,680 --> 01:45:20,760
And so Jeremy calls me and we we
have this conversation and then 

2308
01:45:20,960 --> 01:45:22,760
we, like I said, we still keep 
in contact. 

2309
01:45:23,960 --> 01:45:27,960
And really that was the catalyst
that once he had published that 

2310
01:45:27,960 --> 01:45:33,520
article, that was my catalyst 
for like, OK, OK, now we're 

2311
01:45:33,520 --> 01:45:35,280
getting somewhere, right? 
Because. 

2312
01:45:35,440 --> 01:45:38,040
And then because part of it is 
credibility, right? 

2313
01:45:38,040 --> 01:45:40,840
You know, no one listens to you.
You have to build that 

2314
01:45:40,840 --> 01:45:43,600
credibility. 
And so now I have this article 

2315
01:45:43,600 --> 01:45:46,360
in the Washington Post that was 
actually in their print paper. 

2316
01:45:46,360 --> 01:45:48,800
It wasn't just online. 
It was in their print paper that

2317
01:45:48,800 --> 01:45:51,640
I can point to and say, hey, we 
had a front page column in the 

2318
01:45:51,640 --> 01:45:54,040
Washington Post that pointed to 
a spread in the middle. 

2319
01:45:54,240 --> 01:45:57,320
You know, here's the article. 
I was a large source in this 

2320
01:45:57,320 --> 01:45:59,240
party and actually my pictures 
in it, you know, that kind of 

2321
01:45:59,240 --> 01:46:00,320
thing. 
So that helped build 

2322
01:46:00,320 --> 01:46:02,280
credibility. 
And then that's when I reached 

2323
01:46:02,280 --> 01:46:04,640
out to coffee Ziller. 
Then I reached out to Scott 

2324
01:46:04,640 --> 01:46:07,000
Schaeffer and having that 
article, you know, shout out to 

2325
01:46:07,000 --> 01:46:09,400
Jeremy Miller, Man, I, I, I 
really believe that having that 

2326
01:46:09,400 --> 01:46:11,960
article and being able to, to 
build that credibility off of 

2327
01:46:11,960 --> 01:46:15,440
that article helped a lot in my 
ability to get in front of 

2328
01:46:15,440 --> 01:46:18,840
people like Scott Schaeffer and,
and, and you and whoever else. 

2329
01:46:19,680 --> 01:46:23,400
I've never actually spoken to 
the gentleman that you you 

2330
01:46:23,400 --> 01:46:25,920
referenced. 
Yeah, and I wanted to, I just 

2331
01:46:25,920 --> 01:46:27,600
wanted to touch on it just very 
briefly. 

2332
01:46:27,840 --> 01:46:30,840
You know, Andy is one of the 
names in the gold industry, the 

2333
01:46:31,040 --> 01:46:33,400
credible gold industry. 
I mean, like I said, he said, he

2334
01:46:33,480 --> 01:46:36,160
told me the other day, $12 
billion in total sales. 

2335
01:46:36,160 --> 01:46:38,680
They've been open since 1989. 
They've been doing it a long 

2336
01:46:38,680 --> 01:46:40,560
time. 
He's a real serious guy. 

2337
01:46:40,600 --> 01:46:43,520
He's a really lovely person. 
He's just like a loving and 

2338
01:46:43,920 --> 01:46:46,400
articulate and and and giving 
human being. 

2339
01:46:46,560 --> 01:46:49,560
My cousin is a money guy, lives 
in California. 

2340
01:46:49,720 --> 01:46:53,360
And you know when I said I had 
Andy on, he was like, that's one

2341
01:46:53,360 --> 01:46:56,480
of the guys, like that's one of 
the gets and he sent me yours. 

2342
01:46:56,480 --> 01:46:57,840
Scott Schaefer. 
Is that what it is? 

2343
01:46:57,840 --> 01:46:59,280
Scott Schaefer. 
That's Scott Schaefer, yeah. 

2344
01:46:59,600 --> 01:47:01,720
He sent me that and he said you 
have to see this. 

2345
01:47:01,960 --> 01:47:04,880
That was only that was this week
that just happened. 

2346
01:47:04,880 --> 01:47:07,720
So that interview was two years 
old at this point, or year and a

2347
01:47:07,720 --> 01:47:10,400
half old, right? 
Yeah, about 18 months, yeah, so.

2348
01:47:10,400 --> 01:47:15,880
It's making a run through people
at CEO, president, founder level

2349
01:47:15,880 --> 01:47:19,080
of serious gold companies. 
You know, Andy's friends with 

2350
01:47:19,240 --> 01:47:21,320
all the big gold people, as far 
as I can tell. 

2351
01:47:21,640 --> 01:47:24,320
You know, the, the, I don't want
to name them actually, because, 

2352
01:47:24,320 --> 01:47:26,880
but, but people that if you, if 
you buy gold, if you read about 

2353
01:47:26,880 --> 01:47:29,800
gold, if you've heard about 
people that are involved in gold

2354
01:47:29,800 --> 01:47:32,480
as a business that go give 
speeches that are part of these 

2355
01:47:32,480 --> 01:47:34,640
big conventions when it comes to
talking about precious metals 

2356
01:47:34,640 --> 01:47:37,400
and commodities. 
You know, that that's making its

2357
01:47:37,400 --> 01:47:39,400
rounds. 
I guarantee all these guys have 

2358
01:47:39,400 --> 01:47:42,600
back, you know, you know, they, 
they share things articles. 

2359
01:47:42,720 --> 01:47:45,440
This is interesting white paper 
whistleblower complaint. 

2360
01:47:45,600 --> 01:47:47,600
And so you're, you're going to 
get another run at this. 

2361
01:47:47,600 --> 01:47:49,320
I know this right now that 
you're going to get another run 

2362
01:47:49,320 --> 01:47:52,280
at this with other, with other 
venues, because the people that 

2363
01:47:52,280 --> 01:47:55,120
move in that industry have 
looked around and said, you 

2364
01:47:55,120 --> 01:47:56,520
know, that's a fringe part of 
the industry. 

2365
01:47:56,520 --> 01:47:59,680
I think, I think gold IRA in 
general is a fringe part of it 

2366
01:47:59,680 --> 01:48:01,840
in this exclusive premium 
nonsense. 

2367
01:48:01,960 --> 01:48:06,000
It's not the vast majority of 
people, but it is a a very 

2368
01:48:06,000 --> 01:48:10,880
subset of retail clients who are
getting fleeced at the least, at

2369
01:48:10,880 --> 01:48:14,040
the the least ability to cry out
about it if the least, you know,

2370
01:48:14,200 --> 01:48:16,840
like size platform, they're 
probably the least sophisticated

2371
01:48:16,840 --> 01:48:18,720
at social media. 
So when these people get 

2372
01:48:18,720 --> 01:48:21,160
screwed, they're far more likely
to sit down on the edge of the 

2373
01:48:21,160 --> 01:48:24,160
bed with a pistol in their hand 
than they are to reach out and 

2374
01:48:24,160 --> 01:48:25,800
figure out, hey, I'm going to go
stand in front of my 

2375
01:48:25,800 --> 01:48:28,040
congressman's door, because they
may not even be able to afford 

2376
01:48:28,040 --> 01:48:29,320
to do that anymore. 
Well, right. 

2377
01:48:29,320 --> 01:48:32,040
And, and that's it. 
So what what I do know. 

2378
01:48:32,040 --> 01:48:34,440
So here's what I do know. 
Like I said, I have a few people

2379
01:48:34,560 --> 01:48:37,640
throughout this segment of the 
industry that are consistently 

2380
01:48:37,640 --> 01:48:42,360
in, in communication with me. 
And I know that when that video 

2381
01:48:42,360 --> 01:48:48,080
first went out within the first 
few months, I get a, a source 

2382
01:48:48,080 --> 01:48:53,600
that reached out to me and said,
I won't name the firm, but one 

2383
01:48:53,600 --> 01:48:58,360
of the bigger firms had 
circulated within their, their 

2384
01:48:58,360 --> 01:49:01,320
staff and within their upper 
management at the executive 

2385
01:49:01,320 --> 01:49:07,160
level and had their legal 
department look into it to make 

2386
01:49:07,160 --> 01:49:10,680
sure that they were airtight. 
So they're a little trepid. 

2387
01:49:11,040 --> 01:49:13,880
What I, I guess my message for 
them is like, I'm not going to 

2388
01:49:13,880 --> 01:49:15,440
stop. 
I'm not going to stop. 

2389
01:49:15,520 --> 01:49:21,160
Oh, you might as well pack it in
because whether it again five 

2390
01:49:21,160 --> 01:49:23,640
years tenure doesn't matter. 
I'm going to keep knocking on 

2391
01:49:23,640 --> 01:49:25,040
that door. 
I'm going to keep pressuring my 

2392
01:49:25,040 --> 01:49:26,880
congressman. 
I'm going to keep doing things 

2393
01:49:26,880 --> 01:49:29,880
like this and I'm going to do 
whatever I can when my book 

2394
01:49:29,880 --> 01:49:32,360
drops, that's going to be it's 
completely self funded. 

2395
01:49:32,920 --> 01:49:35,920
Well, I have AI have a, an 
investor in a company with me 

2396
01:49:36,640 --> 01:49:43,560
who believes in this as well. 
And he's going to pay basically 

2397
01:49:43,560 --> 01:49:45,440
the marketing dollars because 
I'm not a well, we're not 

2398
01:49:45,440 --> 01:49:47,120
wealthy people. 
So he's going to put some 

2399
01:49:47,120 --> 01:49:48,440
marketing dollars behind it for 
me. 

2400
01:49:48,440 --> 01:49:52,400
But it's going to be completely 
self published and it just 

2401
01:49:52,400 --> 01:49:55,760
outlines this whole issue. 
And one of the things in that is

2402
01:49:55,760 --> 01:49:59,440
I don't want people to have to 
buy a book that to understand 

2403
01:49:59,440 --> 01:50:02,360
this issue because it's not 
about money. 

2404
01:50:02,360 --> 01:50:06,760
So there's going to be 1 chapter
in my book that will be free for

2405
01:50:06,760 --> 01:50:10,200
every single person that if they
just want to get to the meat of 

2406
01:50:10,200 --> 01:50:13,840
it, if they just want to get to 
the problem and understand the 

2407
01:50:13,840 --> 01:50:16,920
problem, that will be free, 
completely free. 

2408
01:50:17,120 --> 01:50:20,120
The other side of the book is 
going to go into more details 

2409
01:50:20,120 --> 01:50:23,400
about how the inner workings 
work, you know, the atmosphere, 

2410
01:50:23,400 --> 01:50:26,720
that kind of thing. 
And so again, so like, if you 

2411
01:50:26,720 --> 01:50:28,920
have a, you know, you have an 
Amazon Kindle, you know how they

2412
01:50:28,920 --> 01:50:30,760
give you the free chapter, the 
free chapter is going to be the 

2413
01:50:30,760 --> 01:50:32,360
meat and bones. 
It's going to be if you read a 

2414
01:50:32,360 --> 01:50:33,880
chapter, this is a chapter you 
read. 

2415
01:50:34,400 --> 01:50:39,680
And, and because again, you 
know, it's not about money the 

2416
01:50:39,680 --> 01:50:41,120
way I don't care about the 
whistle blower complaint. 

2417
01:50:41,120 --> 01:50:43,440
It's not about that. 
It's about saving other people's

2418
01:50:43,440 --> 01:50:46,040
money. 
It's about saving them from the 

2419
01:50:46,040 --> 01:50:48,920
heartache of losing their 
retirement and and so on. 

2420
01:50:49,360 --> 01:50:53,520
And it's funny. 
So interestingly, I it's 

2421
01:50:53,520 --> 01:50:54,720
tracking. 
Is that his name? 

2422
01:50:54,720 --> 01:50:58,640
I apologize. 
I so I got an e-mail a few days 

2423
01:50:58,640 --> 01:51:03,400
ago, he went on someone else's 
podcast and they had talked 

2424
01:51:03,400 --> 01:51:05,680
about this issue. 
And then I think they must have 

2425
01:51:05,680 --> 01:51:07,360
referenced, I haven't looked at 
the video myself. 

2426
01:51:07,360 --> 01:51:09,200
I guess they must have 
referenced the Scott Schaefer 

2427
01:51:09,200 --> 01:51:10,680
video. 
So I got an e-mail from someone 

2428
01:51:10,680 --> 01:51:14,880
saying I listened to this pod 
podcast with Scheckman and A and

2429
01:51:14,880 --> 01:51:16,000
a lady. 
I don't remember her name. 

2430
01:51:16,240 --> 01:51:21,240
And they said, and through that 
they had found the Shaffer 

2431
01:51:21,240 --> 01:51:22,520
videos. 
They must have referenced it or 

2432
01:51:22,520 --> 01:51:24,600
something. 
And I'm now in the midst of 

2433
01:51:24,600 --> 01:51:26,680
trying to help her. 
And they, I guess she had told 

2434
01:51:26,680 --> 01:51:30,720
me actually that he had done in 
an analysis as well and said, 

2435
01:51:30,720 --> 01:51:32,440
yeah. 
And he does that on the on the 

2436
01:51:32,440 --> 01:51:34,360
background for people. 
He doesn't advertise it, but he 

2437
01:51:34,360 --> 01:51:36,720
quietly does the same thing. 
If people come to them and say 

2438
01:51:36,720 --> 01:51:39,160
hey, I've been screwed out of my
life savings, He helps people. 

2439
01:51:39,640 --> 01:51:41,360
He's told me a. 
Lot of and he shared with me 

2440
01:51:41,360 --> 01:51:43,480
some of those the portfolios of 
people he's worked with so. 

2441
01:51:43,600 --> 01:51:46,240
I'm glad, I'm glad for, for 
people like him because it's, 

2442
01:51:46,240 --> 01:51:49,680
it's really going to take a, an 
overhaul of the industry. 

2443
01:51:50,440 --> 01:51:56,080
You know, I really I really hope
that the the big the big guys, 

2444
01:51:56,080 --> 01:52:01,680
the big the big wholesalers, the
app mixes of the world will help

2445
01:52:01,800 --> 01:52:05,040
lobby at some point in Congress 
and put an end to it. 

2446
01:52:05,040 --> 01:52:06,920
Because here's the thing this is
the way I look at it because I'm

2447
01:52:06,920 --> 01:52:08,960
a businessman, right? 
So here's the way I look at it 

2448
01:52:08,960 --> 01:52:11,560
is so we have this segment of 
this industry, you have this at 

2449
01:52:11,560 --> 01:52:14,320
large industry and you have a 
segment of this industry and the

2450
01:52:14,320 --> 01:52:15,920
segment of the industry is gone 
rogue. 

2451
01:52:16,160 --> 01:52:18,880
They're doing this thing and 
really actually what's happening

2452
01:52:18,880 --> 01:52:22,600
is they are hurting people like 
Segment and like UPMEX because 

2453
01:52:23,080 --> 01:52:26,400
those are lost sales that these 
guys could have had if they 

2454
01:52:26,400 --> 01:52:28,400
weren't being, if these 
customers over here weren't 

2455
01:52:28,400 --> 01:52:30,280
being fleeced by these other 
companies. 

2456
01:52:30,400 --> 01:52:34,400
So really what's happening is 
it's diluting the share of at 

2457
01:52:34,400 --> 01:52:37,040
large dollars even though you're
only making 3 to 5% and you're 

2458
01:52:37,040 --> 01:52:39,920
being legitimate, it's actually 
diluting your market because 

2459
01:52:40,080 --> 01:52:42,440
those are dollars now that you 
will never see come through your

2460
01:52:42,440 --> 01:52:45,120
door. 
So it is in the gold industry's 

2461
01:52:45,560 --> 01:52:48,680
best interest to make sure that 
these guys stop doing what 

2462
01:52:48,680 --> 01:52:50,200
they're doing. 
It's actually bigger than that 

2463
01:52:50,200 --> 01:52:52,320
too. 
Let me let me speculate this. 

2464
01:52:52,480 --> 01:52:54,800
Imagine that one of our 
relatives get scammed out of 

2465
01:52:54,800 --> 01:52:56,480
some sort of a gold premium 
coin. 

2466
01:52:56,680 --> 01:52:58,720
How are we going to tell people 
about putting money into gold? 

2467
01:52:58,720 --> 01:53:01,240
Is it going to be something we 
say, oh, that's a good idea or 

2468
01:53:01,240 --> 01:53:03,240
these companies are shady? 
And so you're going to see 

2469
01:53:03,240 --> 01:53:04,280
people. 
Go, you know what, I'm going to 

2470
01:53:04,280 --> 01:53:06,440
go to other options. 
I'm going to, I'm going to go to

2471
01:53:06,440 --> 01:53:09,360
Treasuries or I'm going to go 
to, you know, something else, 

2472
01:53:10,000 --> 01:53:11,800
Art. 
You're going to find another way

2473
01:53:11,800 --> 01:53:13,440
to be able to try to hold on to 
your wealth. 

2474
01:53:13,440 --> 01:53:15,480
You're going to buy other assets
because you're going to think 

2475
01:53:15,480 --> 01:53:17,760
that gold companies are shady 
and you may just only have 

2476
01:53:17,920 --> 01:53:20,640
anecdotal experience of it. 
I guarantee you it's bigger than

2477
01:53:20,640 --> 01:53:21,960
just the number of people 
they've scammed. 

2478
01:53:22,240 --> 01:53:25,800
It's more than just that 3 to 5%
of people or the three to 5% 

2479
01:53:25,800 --> 01:53:28,160
that they lost in the sale of 
that one person who got fleeced.

2480
01:53:28,440 --> 01:53:30,000
It's worth. 
That's true because your sphere 

2481
01:53:30,000 --> 01:53:34,400
of influence will be will be now
impacted by the same the same 

2482
01:53:34,400 --> 01:53:35,520
story. 
That's right. 

2483
01:53:35,680 --> 01:53:38,440
And most people are not going to
sit at just like the NPR person 

2484
01:53:38,440 --> 01:53:41,200
accurately told you, most people
don't of the attention span to 

2485
01:53:41,200 --> 01:53:44,640
find out what the problem was. 
They'll just know gold problem, 

2486
01:53:44,880 --> 01:53:46,920
bad investment, people got 
scammed. 

2487
01:53:47,040 --> 01:53:48,640
They're not going to look any 
deeper into that. 

2488
01:53:48,720 --> 01:53:51,760
You know, is gold a great way to
you know, and that's not The 

2489
01:53:51,760 --> 01:53:53,720
funny thing. 
I always see people that you own

2490
01:53:53,720 --> 01:53:56,200
gold, you're not buying it 
because you want to, you know, 

2491
01:53:56,280 --> 01:53:59,080
increase something That's and 
that seems to be the sales 

2492
01:53:59,080 --> 01:54:00,520
tactic. 
I want actually want to get into

2493
01:54:00,520 --> 01:54:02,720
the the tactics on there. 
Because I remember, I remember 

2494
01:54:02,720 --> 01:54:04,640
someone telling me it's like, 
oh, yeah, that's how you grow 

2495
01:54:04,640 --> 01:54:05,800
your wealth. 
It's like, no, that's how you 

2496
01:54:05,800 --> 01:54:08,400
preserve things. 
It's just it's it's metal. 

2497
01:54:08,400 --> 01:54:10,800
It doesn't grow anything. 
That's why it's called gold. 

2498
01:54:10,800 --> 01:54:12,880
That's why, that's why we like 
it, because as good as gold 

2499
01:54:12,880 --> 01:54:15,120
means, it just stays there. 
Yeah, and, and it's interesting 

2500
01:54:15,120 --> 01:54:19,680
because there's a, there's a so 
the reason why people, I, I 

2501
01:54:19,680 --> 01:54:21,760
think the reason. 
So there's a whole psychology 

2502
01:54:21,760 --> 01:54:23,280
behind it, right? 
Like with any sales. 

2503
01:54:23,440 --> 01:54:26,720
So why conservatives? 
So you got to ask yourself, why 

2504
01:54:26,720 --> 01:54:28,160
conservative Christians? 
Why? 

2505
01:54:29,240 --> 01:54:31,160
Let's leave this conservative 
Why Christians? 

2506
01:54:31,280 --> 01:54:34,480
All Christians believe in gold 
is a store of value inherently 

2507
01:54:34,480 --> 01:54:37,360
because it's the biblical 
coinage of the day, right? 

2508
01:54:37,360 --> 01:54:41,120
So they were always trading in 
gold and silver and everything 

2509
01:54:41,120 --> 01:54:44,200
was that way. 
So and, and it's an earth metal.

2510
01:54:44,200 --> 01:54:46,360
It is, is a metal given to us by
God. 

2511
01:54:46,360 --> 01:54:49,960
So it is the currency that you 
kind of looked to as a store of 

2512
01:54:49,960 --> 01:54:52,120
value, especially when you have 
Fiat currency. 

2513
01:54:52,120 --> 01:54:57,040
So they use, but they use that 
against us because so. 

2514
01:54:57,040 --> 01:54:59,600
OK, so I got a call one day. 
This is so super interesting. 

2515
01:54:59,600 --> 01:55:05,160
So I got a call one day and it 
was from a client and they sweet

2516
01:55:05,160 --> 01:55:09,240
old lady she was at least she 
was in her 80s at least. 

2517
01:55:09,400 --> 01:55:12,760
She calls and she says how much 
sweet just sold her like 

2518
01:55:12,760 --> 01:55:16,680
$250,000 or something in in gold
and silver she was. 

2519
01:55:16,920 --> 01:55:21,200
How much does this weigh? 
Because I need to get if, if 

2520
01:55:21,200 --> 01:55:25,480
things go to, to, to hell, 
because that's what a lot of 

2521
01:55:25,480 --> 01:55:26,920
these folks are. 
It's like, hey, I need something

2522
01:55:26,920 --> 01:55:28,680
to barter and trade with. 
Things go to hell. 

2523
01:55:28,680 --> 01:55:31,240
I need to get this from my house
to my car. 

2524
01:55:31,800 --> 01:55:35,200
So I'm picturing in my mind this
frail old, like 80 year old lady

2525
01:55:35,200 --> 01:55:39,600
trying, trying to carry a, you 
know, 100 LB box of gold and 

2526
01:55:39,600 --> 01:55:44,800
silver to her, to her car. 
And I'm thinking to myself, that

2527
01:55:44,800 --> 01:55:48,920
is the last of your worries. 
Because some young buck like me 

2528
01:55:48,920 --> 01:55:51,880
that has no morals. 
Well, I, I have morals now, but 

2529
01:55:52,040 --> 01:55:54,720
some young buck that has no 
morals that say is going to come

2530
01:55:54,720 --> 01:55:56,600
and they're just going to take 
it from you at gunpoint. 

2531
01:55:57,160 --> 01:56:02,840
So to use it as a hedge for an 
apocalyptic scene just doesn't 

2532
01:56:02,840 --> 01:56:04,680
make sense. 
And it also doesn't jive with 

2533
01:56:04,920 --> 01:56:08,360
anything in the Bible. 
But the reality is you're not 

2534
01:56:08,360 --> 01:56:10,800
going to have that gold because 
someone's going to take it from 

2535
01:56:10,800 --> 01:56:12,880
you. 
So if that's your, if that's 

2536
01:56:12,880 --> 01:56:15,480
your reason for investing in it,
don't invest in it because there

2537
01:56:15,480 --> 01:56:18,760
are better things to invest in. 
Go invest in guns, food and food

2538
01:56:19,040 --> 01:56:21,360
and bullets right You're. 
Speaking my language, that's 

2539
01:56:21,360 --> 01:56:24,200
what I always tell Andy. 
I've got I've got a lot of ammo 

2540
01:56:25,240 --> 01:56:27,840
and I've got months of food. 
And then if you, and then if you

2541
01:56:27,840 --> 01:56:30,480
want to go buy gold after that, 
just make sure you have those 

2542
01:56:30,480 --> 01:56:31,680
first to defend your gold, 
right? 

2543
01:56:31,880 --> 01:56:33,920
So, so that's the first thing 
that came to mind. 

2544
01:56:33,920 --> 01:56:35,560
And, and I obviously didn't have
the heart to tell her. 

2545
01:56:35,560 --> 01:56:36,600
I didn't want to say that to 
her. 

2546
01:56:36,600 --> 01:56:37,920
So, you know, I answered your 
question. 

2547
01:56:38,200 --> 01:56:41,320
But then the, the other side to 
it is this whole barter and 

2548
01:56:41,320 --> 01:56:44,520
trade thing. 
It's like there this I, I wish 

2549
01:56:44,520 --> 01:56:47,840
that my fellow Christians would 
understand that there's going to

2550
01:56:47,840 --> 01:56:50,320
be no bartering in trading 
there. 

2551
01:56:50,320 --> 01:56:53,880
There is if when the apocalypse 
comes, there is going to be a 

2552
01:56:53,880 --> 01:56:56,640
war on earth between the 
believers and the non believers 

2553
01:56:56,680 --> 01:56:58,960
and that's it. 
It is going to be a war. 

2554
01:56:59,080 --> 01:57:00,560
You're going to take the marker.
You're not. 

2555
01:57:00,840 --> 01:57:03,800
So you're going to be fighting 
for God on earth and you're 

2556
01:57:03,800 --> 01:57:05,640
going to have nothing. 
You're going to have you're 

2557
01:57:05,840 --> 01:57:08,280
it'll be like guerrilla tactics.
It's going to be, there's 

2558
01:57:08,280 --> 01:57:11,880
actually a really good kind of a
cheesy movie about this where 

2559
01:57:11,880 --> 01:57:14,080
it's like, yeah, that's actually
probably a decent accurate 

2560
01:57:14,080 --> 01:57:15,440
representation of what will 
happen. 

2561
01:57:15,640 --> 01:57:19,120
And so having gold won't help 
you, not one bit. 

2562
01:57:19,240 --> 01:57:23,880
So invest in in in in guns and 
invest in ammo and food. 

2563
01:57:24,200 --> 01:57:25,800
Yeah, what was what was the 
movie? 

2564
01:57:25,800 --> 01:57:28,560
Was it the Stand? 
No, I forget it was an older 

2565
01:57:28,560 --> 01:57:30,240
movie it. 
Was a Stephen King movie that 

2566
01:57:30,240 --> 01:57:31,960
did something similar to it that
was called The Stand. 

2567
01:57:31,960 --> 01:57:33,720
That was no. 
It it's this is actually a 

2568
01:57:33,720 --> 01:57:37,200
Christian produced movie. 
OK, the Left Behind series or 

2569
01:57:37,200 --> 01:57:38,600
something like that. 
Yeah, it might have been. 

2570
01:57:38,600 --> 01:57:39,480
It might have been left. 
Behind. 

2571
01:57:39,480 --> 01:57:40,600
I remember when those came out. 
Sure. 

2572
01:57:40,600 --> 01:57:45,160
And so, so, but but my point 
being in the message in this is 

2573
01:57:46,800 --> 01:57:51,840
don't let fear dictate your 
ability to or your drive to 

2574
01:57:51,840 --> 01:57:54,360
invest in anything I have. 
To imagine that's one of the 

2575
01:57:54,360 --> 01:57:56,920
sales tactics though, right? 
It's 100% fear based. 

2576
01:57:56,920 --> 01:57:59,600
It's fear of loss, which is a 
big sales motivator that people 

2577
01:57:59,600 --> 01:58:00,800
do. 
If you don't buy it now, you're 

2578
01:58:00,800 --> 01:58:03,360
going to miss out and you missed
the bump or whatever. 

2579
01:58:03,600 --> 01:58:05,880
But then it's also like fear of 
losing everything else you have 

2580
01:58:05,880 --> 01:58:07,320
and it's the only thing you can 
put it into. 

2581
01:58:07,640 --> 01:58:10,680
This is the off ramp to to 
seeing you know your your money 

2582
01:58:10,680 --> 01:58:12,760
maintain any value kind of deal 
when it goes to right. 

2583
01:58:13,000 --> 01:58:15,360
Right. 
The biggest, the biggest driver 

2584
01:58:15,560 --> 01:58:17,720
and the biggest marketing thing 
is the dollar. 

2585
01:58:17,760 --> 01:58:19,920
We are trillions upon trillions 
upon trillions of debt. 

2586
01:58:19,920 --> 01:58:22,680
The dollar is consistently being
devalued. 

2587
01:58:22,920 --> 01:58:25,080
If you want to store your well 
stored in gold. 

2588
01:58:25,080 --> 01:58:27,560
And if you don't do it now, 
you'll never do it. 

2589
01:58:27,560 --> 01:58:30,440
And the and the value of the 
dollar is going to plummet. 

2590
01:58:30,440 --> 01:58:33,080
And so it's all fear. 
It's all fear. 

2591
01:58:33,200 --> 01:58:35,200
It's the value of the dollar is 
going to plummet and you're 

2592
01:58:35,200 --> 01:58:37,240
going to have no money and 
etcetera, etcetera, etcetera. 

2593
01:58:37,240 --> 01:58:40,440
It's like, OK, but if the value 
of the dollar plummets and gold 

2594
01:58:40,440 --> 01:58:43,800
value is tied to the value of 
the dollar, then the value of 

2595
01:58:43,800 --> 01:58:46,640
your gold is also plummeting. 
So it's kind of like this. 

2596
01:58:47,200 --> 01:58:50,520
It's like this really, and I'm 
oversimplifying, but it's this 

2597
01:58:50,600 --> 01:58:55,040
really weird tactic to fear 
monger people into buying gold. 

2598
01:58:55,040 --> 01:58:57,040
So look, if you want to buy 
gold, like I just give an 

2599
01:58:57,040 --> 01:59:00,120
example earlier where there's 
some folks who bought bullying 

2600
01:59:00,360 --> 01:59:04,800
who if they had bought bullying 
gold has tripled since 2016, 

2601
01:59:04,960 --> 01:59:08,120
which silver is. 
Yeah, the dollar is worth far 

2602
01:59:08,120 --> 01:59:11,000
less. 
Far less and and and exactly 

2603
01:59:11,000 --> 01:59:13,160
right. 
It's my my point so. 

2604
01:59:13,200 --> 01:59:15,440
I mean, The funny thing is this.
So there's always a truth in 

2605
01:59:15,440 --> 01:59:17,960
this. 
You can see the Fiat currency be

2606
01:59:17,960 --> 01:59:20,840
devalued. 
You can see inflation happen and

2607
01:59:20,840 --> 01:59:24,160
you can see that gold is, you 
know, if it is the constant of 

2608
01:59:24,160 --> 01:59:25,360
it. 
There was a there was a thing I 

2609
01:59:25,360 --> 01:59:27,200
heard Peter Schiff say, you ever
listen to Peter Schiff? 

2610
01:59:28,720 --> 01:59:30,760
Gold guy, you know, owns a gold 
company as well. 

2611
01:59:30,760 --> 01:59:32,160
And I think he's in Puerto Rico 
now. 

2612
01:59:32,160 --> 01:59:34,000
But one of the one of the 
podcasts, I remember him saying 

2613
01:59:34,000 --> 01:59:36,360
it was probably a Joe Rogan and 
he said something to the effect 

2614
01:59:36,360 --> 01:59:40,320
of the price of pants. 
Like a pair of trousers in gold 

2615
01:59:40,320 --> 01:59:43,720
is basically consistent since 
before the Middle Ages to right 

2616
01:59:43,720 --> 01:59:47,440
now, the same amount of gold 
will buy you a pair of trousers 

2617
01:59:47,560 --> 01:59:49,080
in the world. 
So you can look at like the 

2618
01:59:49,080 --> 01:59:52,880
actual tradable value, the 
utility of gold kind of holding 

2619
01:59:52,880 --> 01:59:55,440
constant for hundreds, if not 
even thousands of years. 

2620
01:59:55,800 --> 01:59:57,400
And and and that rings true to 
me. 

2621
01:59:57,400 --> 01:59:59,840
It's like, yeah, it's like, not 
that much gold buys you. 

2622
02:00:00,400 --> 02:00:02,840
Something that you can use and 
that the utility of that 

2623
02:00:02,840 --> 02:00:06,120
product, sure, OK, fine. 
But like you said, if you're in 

2624
02:00:06,120 --> 02:00:08,280
your 80s and you think you're 
going to like carry it out to 

2625
02:00:08,280 --> 02:00:10,880
your suburban and and drive off 
with it, you know, you could 

2626
02:00:10,880 --> 02:00:14,040
carry off a lot of money in gold
in your pockets. 

2627
02:00:14,040 --> 02:00:16,360
That's doable for most people. 
You're probably not going to be 

2628
02:00:16,360 --> 02:00:18,560
able to do the same thing in 
silver, not even close. 

2629
02:00:18,640 --> 02:00:21,640
And they really push the silver 
because it's cheaper for them to

2630
02:00:21,640 --> 02:00:24,760
mint. 
So the cost of if the cost of 

2631
02:00:24,760 --> 02:00:27,720
minting and selling the gold is 
a lot higher than the silver. 

2632
02:00:27,880 --> 02:00:31,160
So it makes more sense and then 
they can do and they can do 

2633
02:00:31,160 --> 02:00:33,160
quarter rounds they can do and 
they can do an ounce and a 

2634
02:00:33,160 --> 02:00:34,600
quarter of. 
Silver they can do, they can do 

2635
02:00:34,600 --> 02:00:37,600
incremental changes and they can
do more coinage or they can do 

2636
02:00:37,600 --> 02:00:39,680
less and give you more dollars 
in. 

2637
02:00:39,800 --> 02:00:42,280
Correct. 
And the price of the price of, 

2638
02:00:43,680 --> 02:00:48,160
of coin of, of minting a gold 
coin in like a 110th oz 

2639
02:00:48,160 --> 02:00:51,640
denomination our costs. 
So when I was negotiating, so we

2640
02:00:51,640 --> 02:00:54,480
actually, I negotiated the first
contract for our gold coin at 

2641
02:00:54,480 --> 02:00:58,080
Augusta with, with Dylan Gage to
engage with a wholesaler on 

2642
02:00:58,080 --> 02:00:59,280
this. 
And we did this because we 

2643
02:00:59,280 --> 02:01:02,520
wanted to Isaac wanted to let 
Eugene Fogle at Bayside know 

2644
02:01:02,720 --> 02:01:04,320
you're not the only player in 
town. 

2645
02:01:04,480 --> 02:01:08,440
We worked really hard with Dylan
Gage, a wholesaler to have them 

2646
02:01:08,440 --> 02:01:12,320
go to the Royal Canadian Mint 
and have them mint a coin for us

2647
02:01:12,320 --> 02:01:15,240
that we so they would distribute
to us or for us. 

2648
02:01:15,240 --> 02:01:17,960
They drop ship for us. 
You never get direct access to 

2649
02:01:17,960 --> 02:01:19,800
the mints. 
There's like a whole, there's a 

2650
02:01:19,800 --> 02:01:23,360
whole process, you have to have 
certain assets and so on to 

2651
02:01:23,360 --> 02:01:27,760
become a a distributor for 
Mints, OK, So that just doesn't 

2652
02:01:27,760 --> 02:01:32,000
happen and it's very hard to do.
There's a very strict process 

2653
02:01:32,000 --> 02:01:34,640
for it. 
So you, we had to go through one

2654
02:01:34,640 --> 02:01:37,880
of the distributors. 
So Eugene was the only game in 

2655
02:01:37,880 --> 02:01:40,120
town. 
And Isaac was like, hey, we got 

2656
02:01:40,280 --> 02:01:43,520
to let Eugene know that he's not
the only game in town. 

2657
02:01:43,720 --> 02:01:46,560
We're going to shop him and make
sure we get the best deal for 

2658
02:01:46,640 --> 02:01:48,480
our cost. 
Which really, in the grand 

2659
02:01:48,480 --> 02:01:50,360
scheme of things, when we're 
marking stuff up, a hundred, a 

2660
02:01:50,360 --> 02:01:52,400
hundred and 5200% doesn't even 
matter. 

2661
02:01:52,400 --> 02:01:54,800
I mean, it's it's like so 
inconsequential at that point. 

2662
02:01:55,080 --> 02:01:57,640
But Isaac wanted to let Eugene 
know. 

2663
02:01:57,840 --> 02:01:59,840
Yeah, it's almost. 
Like it feels like ego in that 

2664
02:01:59,840 --> 02:02:03,320
case, huh A. 100%. 100% because 
that's what's driving guys like 

2665
02:02:03,320 --> 02:02:05,760
this anyhow. 
Yes, and and Isaac was not a 

2666
02:02:05,760 --> 02:02:08,720
material person and he is not a 
material person just like when 

2667
02:02:08,720 --> 02:02:11,680
he came to pick me up at the at 
the at the airport the first 

2668
02:02:11,680 --> 02:02:13,800
time I met him. 
He shows up in this beater like 

2669
02:02:13,800 --> 02:02:16,560
old like Toyota. 
It's like a Toyota that looks 

2670
02:02:16,560 --> 02:02:17,960
like a Jeep. 
I don't even know what they are.

2671
02:02:17,960 --> 02:02:21,280
I'm not a car guy, but he shows 
up and his dog had like chewed 

2672
02:02:21,280 --> 02:02:24,200
into it. 
It was like an old 95 like and 

2673
02:02:24,200 --> 02:02:26,040
it was just a beater. 
Like you'd never know this guys 

2674
02:02:26,040 --> 02:02:27,720
worth millions of dollars. 
He's just driving this beater 

2675
02:02:27,720 --> 02:02:29,720
around LA. 
Like a full runner or something.

2676
02:02:30,000 --> 02:02:32,680
Yeah, yeah. 
With like no top, like no top on

2677
02:02:32,680 --> 02:02:36,680
it or whatever. 
And I'm just like, it was alien 

2678
02:02:36,680 --> 02:02:37,920
to me. 
So you got all this money and 

2679
02:02:37,920 --> 02:02:39,520
you're driving this thing. 
Like that's crazy. 

2680
02:02:40,600 --> 02:02:45,080
So the so he says how I want you
to go to Dylan and Dylan Gage. 

2681
02:02:45,080 --> 02:02:47,360
We would buy Silver Eagles from 
because they were often 

2682
02:02:47,360 --> 02:02:50,240
competitive enough with Eugene 
where we might save a few cents 

2683
02:02:50,240 --> 02:02:52,840
per coin, which in this market, 
when you're operating in such 

2684
02:02:52,840 --> 02:02:56,240
low margins, that few cents over
1000 coins is worth it, right? 

2685
02:02:56,240 --> 02:02:59,440
So we would often shop. 
So we had a relationship with 

2686
02:02:59,920 --> 02:03:01,600
folks down at Dylan Gage and I 
reached out to them and said, 

2687
02:03:01,600 --> 02:03:03,440
this is what we want to do. 
And they'd like, we've never 

2688
02:03:03,440 --> 02:03:04,960
done this before. 
And I'm like, well, I'm telling 

2689
02:03:04,960 --> 02:03:06,360
you that it happens. 
That's how we have our other 

2690
02:03:06,360 --> 02:03:08,040
coins. 
So they go and they talk to them

2691
02:03:08,040 --> 02:03:09,520
and they come back and we broke 
this coin. 

2692
02:03:09,520 --> 02:03:13,120
Well, it cost way. 
So we did AI think it was 1/2 

2693
02:03:13,120 --> 02:03:17,360
ounce gold coin and we when we 
were looking at it, we were 

2694
02:03:17,360 --> 02:03:19,320
like, well, what's a 110th oz 
cost? 

2695
02:03:19,320 --> 02:03:22,520
So it costs actually a lot more 
to mint a 110th oz than it does 

2696
02:03:22,520 --> 02:03:24,640
1/4 ounce than it does 1/2 ounce
and so on. 

2697
02:03:25,480 --> 02:03:28,760
So that's why it makes more 
sense to do silver because 

2698
02:03:28,760 --> 02:03:34,200
silver costs less and it means 
that we don't have to front load

2699
02:03:34,200 --> 02:03:37,120
as much capital to get them to 
die and and so on because 

2700
02:03:37,120 --> 02:03:40,360
there's a certain commitment. 
In fact, Isaac's brother 

2701
02:03:40,360 --> 02:03:44,200
actually took out a, when we got
our first, when we got our first

2702
02:03:44,200 --> 02:03:46,400
exclusive coin, it was a silver,
silver coin. 

2703
02:03:47,240 --> 02:03:49,720
Isaac didn't have the capital 
for it to put the money down. 

2704
02:03:50,280 --> 02:03:54,880
And so he, his brother actually 
took out a second mortgage on 

2705
02:03:54,880 --> 02:03:57,720
his home and loaned Isaac the 
money to do it because he 

2706
02:03:57,720 --> 02:04:00,600
believed in Isaac so much that 
Isaac would be able to make 

2707
02:04:00,600 --> 02:04:02,800
Augusta successful. 
And within a year we'd paid off 

2708
02:04:02,800 --> 02:04:05,640
that line of credit and give his
like give his brother his money 

2709
02:04:05,640 --> 02:04:08,040
back. 
And so like just to give you an 

2710
02:04:08,040 --> 02:04:09,640
idea. 
And it was a few $100,000. 

2711
02:04:10,120 --> 02:04:13,120
So well, gold is a lot more 
expensive. 

2712
02:04:13,120 --> 02:04:15,760
So you'd need instead of a few 
$100,000, you'd need millions of

2713
02:04:15,760 --> 02:04:18,280
dollars. 
So what we did with the Dylan 

2714
02:04:18,280 --> 02:04:22,520
gauge deal is we, we had built a
reputation and, and so the mints

2715
02:04:22,520 --> 02:04:24,880
knew we were good for it. 
So they didn't expect a huge 

2716
02:04:24,880 --> 02:04:27,400
down payment. 
And so we just minted, we just 

2717
02:04:27,400 --> 02:04:30,600
wanted 5000 coins, right? 
So we limited the mintage 5000 

2718
02:04:30,600 --> 02:04:35,120
coins and then you pay a spot 
plus a percentage. 

2719
02:04:35,120 --> 02:04:37,880
So the way that gold coins work 
is you pay a spot plus 

2720
02:04:37,880 --> 02:04:41,760
percentage for these exclusives.
But with silver, it's a spot 

2721
02:04:41,760 --> 02:04:46,360
plus a flat dollar amount. 
So for our half oz coins and the

2722
02:04:46,360 --> 02:04:51,320
silver, it was spot plus $2.75. 
So if for 1/2 ounce coin you 

2723
02:04:51,320 --> 02:04:55,200
just take spot, so the ask 
price, sorry divided by two and 

2724
02:04:55,200 --> 02:04:59,000
add $2.75, that's our cost at 
any given time, OK. 

2725
02:04:59,240 --> 02:05:01,600
And we don't hedge. 
So it's just whatever the open 

2726
02:05:01,600 --> 02:05:04,800
market is that's we're buying at
that time and that's what we're 

2727
02:05:04,800 --> 02:05:06,800
buying. 
So we're buying it if it if 

2728
02:05:06,800 --> 02:05:11,960
silver's 30 bucks, we're paying 
17, you know, 25 for a coin that

2729
02:05:11,960 --> 02:05:14,840
we're going to sell to you for 
35 to $40.00. 

2730
02:05:14,840 --> 02:05:17,560
So. 
Yeah, which is why they don't 

2731
02:05:17,560 --> 02:05:18,640
care at all. 
What? 

2732
02:05:18,640 --> 02:05:20,880
They're not buying futures. 
They're not trying to game the 

2733
02:05:20,880 --> 02:05:23,800
system to try to get a leverage 
on the market to be able to get 

2734
02:05:23,800 --> 02:05:25,360
the best price for silver. 
They don't even care. 

2735
02:05:25,480 --> 02:05:29,400
They don't care and a lot of the
times what happens is you get we

2736
02:05:29,400 --> 02:05:31,800
would oftentimes. 
Okay, so let's talk about the 

2737
02:05:31,800 --> 02:05:32,840
sales. 
You want to talk about the 

2738
02:05:32,840 --> 02:05:35,960
sales, So the sales, the the 
sales work. 

2739
02:05:35,960 --> 02:05:37,520
So you get the pre 
qualification, you get your 

2740
02:05:37,520 --> 02:05:39,360
junior account executive. 
They say, hey, do you have 

2741
02:05:39,360 --> 02:05:42,600
25,000 to qualify you? 
And then they pass you off to 

2742
02:05:43,000 --> 02:05:44,640
your lead, your lead account 
executive. 

2743
02:05:44,800 --> 02:05:46,840
And the lead account executive 
gets on, they talk to you, they 

2744
02:05:46,840 --> 02:05:49,840
start building rapport. 
OK, so you had some guys like 

2745
02:05:49,840 --> 02:05:52,520
there was an older guy within 
Augusta. 

2746
02:05:52,720 --> 02:05:54,480
He's actually a really good guy 
and he was one of the more 

2747
02:05:54,480 --> 02:05:57,840
normal people. 
And he had this spiel and it was

2748
02:05:57,840 --> 02:06:01,200
actually true, but he had this 
spiel and he'd say, and he was 

2749
02:06:01,200 --> 02:06:03,000
older. 
He's going to be in his mid 60s 

2750
02:06:03,000 --> 02:06:07,240
at the time. 
And he says, hey, yeah, so when 

2751
02:06:07,240 --> 02:06:13,320
I was in at the when I was at 
the Colorado Metal Exchange back

2752
02:06:13,320 --> 02:06:15,480
in the 60s or whatever it was, 
blah, blah, blah. 

2753
02:06:16,280 --> 02:06:17,960
And he, so he starts building 
this rapport, right. 

2754
02:06:18,240 --> 02:06:22,360
So if you're someone that has no
industry experience and you have

2755
02:06:22,360 --> 02:06:24,800
this guy that starts telling 
you, hey, my name is, I'm not 

2756
02:06:24,800 --> 02:06:26,400
going to say his name. 
My name is Frank. 

2757
02:06:27,560 --> 02:06:31,840
And you know, I've been doing 
this for this long and Oh yeah, 

2758
02:06:31,840 --> 02:06:34,800
when I was back doing this on 
the on the floor at the exchange

2759
02:06:34,800 --> 02:06:35,840
and blah, blah. 
And you're talking about all 

2760
02:06:35,840 --> 02:06:38,320
this thing in the 60s, right? 
So, you know, he's all an older 

2761
02:06:38,320 --> 02:06:39,760
guy. 
You know, he's a seasoned guy. 

2762
02:06:39,760 --> 02:06:41,000
You know, he's been doing this 
forever. 

2763
02:06:41,440 --> 02:06:42,800
So what's the first thing you 
think it's like? 

2764
02:06:42,800 --> 02:06:44,880
I'm going to defer. 
There's a, there's an element of

2765
02:06:44,880 --> 02:06:46,440
deference like you do with your 
stockbroker. 

2766
02:06:46,440 --> 02:06:48,400
I'm going to defer to you. 
I've told you what my level of 

2767
02:06:48,400 --> 02:06:49,760
risk is. 
I'm going to defer to you on 

2768
02:06:49,760 --> 02:06:52,480
what the best assets are to buy.
So for My Portfolio based on the

2769
02:06:52,480 --> 02:06:54,720
conversations we've had. 
So you there's this level of 

2770
02:06:55,120 --> 02:06:58,440
deference and they build 
themselves up as fiduciaries, 

2771
02:06:58,560 --> 02:07:00,560
but there's no such thing as a 
fiduciary. 

2772
02:07:00,800 --> 02:07:04,400
This is literally like a retail 
trade because they're not 

2773
02:07:05,000 --> 02:07:07,440
they're not dealing in 
commodities, they're dealing in 

2774
02:07:07,440 --> 02:07:10,280
physical assets. 
So this is a physical tangible 

2775
02:07:10,280 --> 02:07:12,600
coin you're going to purchase 
and they're going to send to you

2776
02:07:12,600 --> 02:07:15,880
or to your depository. 
So they're building this rapport

2777
02:07:15,880 --> 02:07:20,160
with you and they do this over 
days, sometimes weeks, right? 

2778
02:07:20,280 --> 02:07:24,760
Get you comfortable. 
Hey, so maybe Kyle, your maybe 

2779
02:07:24,760 --> 02:07:26,760
your mom was in the hospital 
last we spoke. 

2780
02:07:27,040 --> 02:07:28,720
Hey, Kyle, how's your mom doing,
man? 

2781
02:07:28,720 --> 02:07:31,640
I've been praying for you. 
I've been praying for you. 

2782
02:07:31,640 --> 02:07:33,520
None of them are Christians, you
know. 

2783
02:07:33,520 --> 02:07:35,680
No, I wouldn't. 
I wouldn't call one of them a 

2784
02:07:35,680 --> 02:07:37,840
sincere Christian. 
I've been praying for you. 

2785
02:07:37,840 --> 02:07:41,200
I've really been hoping that 
she'd be should be doing better.

2786
02:07:41,200 --> 02:07:45,640
And you know how the kids doing,
you know, like, you know, how's 

2787
02:07:45,640 --> 02:07:48,480
your pops, right? 
And so they're building this 

2788
02:07:48,480 --> 02:07:52,640
relationship with you and you're
building trust just by very 

2789
02:07:52,640 --> 02:07:59,200
insincere pandering, essentially
kind of what the left do and 

2790
02:07:59,440 --> 02:08:02,200
just just consistently 
pandering, pandering to you. 

2791
02:08:02,200 --> 02:08:04,000
And then you then it comes time 
to do the trade. 

2792
02:08:04,240 --> 02:08:06,400
So they've qualified you, 
they've built this rapport with 

2793
02:08:06,400 --> 02:08:09,720
you, sometimes over days, 
sometimes it could be only a day

2794
02:08:09,720 --> 02:08:12,480
or two, depends how fast the 
customer wants to move, how, 

2795
02:08:12,480 --> 02:08:14,000
what their comfort level is, 
right? 

2796
02:08:14,400 --> 02:08:19,960
So, and then they say, OK, the 
customer says, OK, well I want 

2797
02:08:19,960 --> 02:08:22,920
to buy silver American Eagles 
and I have $200,000. 

2798
02:08:22,920 --> 02:08:24,920
OK, perfect. 
As soon as you send us the money

2799
02:08:24,920 --> 02:08:29,920
and we'll receive the money, we 
will, we will will lock you in 

2800
02:08:30,000 --> 02:08:32,040
with your trade. 
So they have to go. 

2801
02:08:32,040 --> 02:08:34,240
So the way that this works is 
you have a Trust Company because

2802
02:08:34,240 --> 02:08:35,720
you're not allowed to physically
hold them. 

2803
02:08:35,720 --> 02:08:37,120
It's a one of the rules of the 
IRA. 

2804
02:08:37,120 --> 02:08:39,200
You're not allowed to physically
hold your own assets. 

2805
02:08:39,240 --> 02:08:41,000
I won't get into why not, but 
you can't. 

2806
02:08:41,360 --> 02:08:44,240
So what you do is you have a 
Trust Company, equity, trust, 

2807
02:08:44,240 --> 02:08:46,400
Kingdom trust, all these 
different trust companies are 

2808
02:08:46,400 --> 02:08:47,720
set up. 
It's kind of like a stock 

2809
02:08:47,720 --> 02:08:50,600
broker, I guess you could say. 
And their job is to ensure that 

2810
02:08:50,600 --> 02:08:54,240
you don't take physical hold. 
So you have to, to get a 

2811
02:08:54,240 --> 02:08:58,200
depository and a Trust Company. 
The Trust Company then you wire 

2812
02:08:58,200 --> 02:09:00,600
your money to the Trust Company 
from your IRA, which is still 

2813
02:09:00,600 --> 02:09:03,320
with technically within an IRA. 
And then you tell your Trust 

2814
02:09:03,320 --> 02:09:05,840
Company where they, where you 
want them to send your money. 

2815
02:09:05,840 --> 02:09:08,360
So you're still in control, 
you're still buying the assets, 

2816
02:09:08,360 --> 02:09:11,120
you're still negotiating, but 
the Trust Company is in control 

2817
02:09:11,120 --> 02:09:13,200
of the funds and making sure 
that everything is where it 

2818
02:09:13,200 --> 02:09:16,240
should be. 
And then once the funds have 

2819
02:09:16,240 --> 02:09:19,040
been transferred from the trust 
and you make the trade, we then 

2820
02:09:19,040 --> 02:09:21,920
ship them to a depository like 
Delaware or Brinks or something 

2821
02:09:21,920 --> 02:09:23,240
like that. 
Delaware depository in the 

2822
02:09:23,480 --> 02:09:25,520
repository, hold the funds. 
So that's the other thing. 

2823
02:09:25,680 --> 02:09:28,840
If you're buying physical assets
to have in your house, you ain't

2824
02:09:28,840 --> 02:09:30,680
getting them in your IRA. 
They're going to go to a 

2825
02:09:30,680 --> 02:09:33,640
depository. 
And if the crap hits the fan, 

2826
02:09:33,760 --> 02:09:35,680
you're never going to get to 
them because they're just not 

2827
02:09:35,680 --> 02:09:37,080
going to let you in. 
So. 

2828
02:09:37,360 --> 02:09:38,680
I don't think people understand 
that. 

2829
02:09:38,680 --> 02:09:40,800
But because it's the IRA now, if
you were to just buy them 

2830
02:09:40,800 --> 02:09:42,080
direct, you would just get them 
direct. 

2831
02:09:42,080 --> 02:09:44,200
That's a different animal. 
You could ask for physical 

2832
02:09:44,200 --> 02:09:47,520
delivery, but because of the 
rules of the IRA, because it's a

2833
02:09:47,520 --> 02:09:50,320
tax deferred account, there's 
all these special conditions, 

2834
02:09:50,320 --> 02:09:53,160
which is why you don't have, you
know, instantaneous access and 

2835
02:09:53,160 --> 02:09:59,120
you can't hold them yourself. 
Correct the the so OK, you send 

2836
02:09:59,120 --> 02:10:01,120
me the money. 
So hey, I've decided I'm going 

2837
02:10:01,120 --> 02:10:03,480
to buy $200,000 of, of silver 
American Eagles. 

2838
02:10:03,480 --> 02:10:04,880
I've talked to my salesman about
it. 

2839
02:10:05,160 --> 02:10:08,800
He says cool, send me the money.
So I I tell my Trust Company, 

2840
02:10:08,800 --> 02:10:11,760
hey, send the money to Augusta. 
We actually worked with Kingdom 

2841
02:10:11,760 --> 02:10:14,600
Trust, so we'd built in a 
relationship with Kingdom Trust.

2842
02:10:14,600 --> 02:10:18,000
So any new customers we'd refer 
to Kingdom Trust. 

2843
02:10:18,000 --> 02:10:21,720
We didn't get any kickbacks. 
But what that did was it built 

2844
02:10:22,000 --> 02:10:27,080
more more of a repertoire that 
we are legitimate because we're 

2845
02:10:27,080 --> 02:10:29,000
working with a legitimate Trust 
Company, right? 

2846
02:10:29,200 --> 02:10:32,680
So it's all about building this 
identity, this image, right? 

2847
02:10:32,680 --> 02:10:34,560
It's perfect. 
Like what con men do, right? 

2848
02:10:34,560 --> 02:10:37,240
They build this identity, this 
image, and you know, they're, 

2849
02:10:37,640 --> 02:10:39,280
you know, this grandiose 
salesman. 

2850
02:10:39,720 --> 02:10:42,440
So you send them. 
So we get your money, but we 

2851
02:10:42,440 --> 02:10:46,080
haven't conducted a trade yet 
because we can't trade your 

2852
02:10:46,080 --> 02:10:47,880
asset. 
We can't trade your dollars for 

2853
02:10:47,880 --> 02:10:50,880
assets yet because maybe you 
told your Trust Company 

2854
02:10:50,880 --> 02:10:53,480
yesterday to wire the money and 
they didn't get to it till 

2855
02:10:53,480 --> 02:10:56,160
tomorrow. 
Well, the next day and Silver's 

2856
02:10:56,160 --> 02:10:59,120
moved $0.20 in either direction.
So we couldn't lock you in 

2857
02:10:59,120 --> 02:11:01,960
because we don't have the money 
to buy your assets, right? 

2858
02:11:02,160 --> 02:11:04,600
So we need your money in house 
so that we can buy because we're

2859
02:11:04,600 --> 02:11:07,200
not hedging anything. 
We're just strictly, you tell us

2860
02:11:07,200 --> 02:11:09,200
what you want to buy and we 
instantly, once that's locked 

2861
02:11:09,200 --> 02:11:12,520
in, I'm sending a purchase order
to Eugene and Eugene's sending 

2862
02:11:12,520 --> 02:11:14,640
me a back. 
So maybe I lose a cent or two 

2863
02:11:14,640 --> 02:11:17,240
here or there, but it's not a 
big like we're not with no 

2864
02:11:17,240 --> 02:11:19,160
reason to hedge. 
So and when you're working with 

2865
02:11:19,160 --> 02:11:20,120
these margins, it doesn't 
matter. 

2866
02:11:20,120 --> 02:11:22,120
So I have $200,000 of your 
money. 

2867
02:11:22,320 --> 02:11:24,040
You wanted silver American 
Angels. 

2868
02:11:24,400 --> 02:11:27,240
Now I have your money. 
Now you're nervous because 

2869
02:11:27,240 --> 02:11:31,000
you're trying to call me and I 
put you on ice for three hours 

2870
02:11:31,040 --> 02:11:33,200
after I've received $200,000 
your money. 

2871
02:11:33,320 --> 02:11:35,120
So you're nervous and then I 
call you. 

2872
02:11:35,120 --> 02:11:37,280
I, I, sorry, buddy, I've been 
busy. 

2873
02:11:37,840 --> 02:11:39,480
Yeah, Yeah. 
So, hey, listen, I was looking 

2874
02:11:39,480 --> 02:11:41,120
at your. 
I was looking at what you wanted

2875
02:11:41,120 --> 02:11:42,400
to buy. 
And I think that you should 

2876
02:11:42,400 --> 02:11:43,880
really consider this other 
asset. 

2877
02:11:44,040 --> 02:11:46,120
And then it's game on. 
Then it's game on. 

2878
02:11:46,320 --> 02:11:52,240
And Kyle, if you're a 657075 
year old person that has no 

2879
02:11:52,240 --> 02:11:56,160
experience in gold, that you're 
and, and, and this person has 

2880
02:11:56,160 --> 02:12:00,920
your money and you get nervous 
and then, and then, and then any

2881
02:12:01,080 --> 02:12:02,440
victims will tell you this, 
they'll get nervous. 

2882
02:12:02,480 --> 02:12:04,000
They have my money, man. 
Like I didn't know if they were 

2883
02:12:04,000 --> 02:12:05,680
going to steal from me. 
I didn't know if they were 

2884
02:12:05,680 --> 02:12:07,800
actually legitimate at this 
point, but I knew something was 

2885
02:12:07,800 --> 02:12:09,160
wrong. 
I didn't know what. 

2886
02:12:09,160 --> 02:12:11,880
So that was game on. 
Yeah, this asset's way better 

2887
02:12:11,880 --> 02:12:14,080
for you. 
It outperforms bullying and 

2888
02:12:14,080 --> 02:12:16,640
blah, blah, blah, blah, blah. 
So then they start in right. 

2889
02:12:16,760 --> 02:12:18,240
And it's like, no, I really want
bullying. 

2890
02:12:18,440 --> 02:12:21,760
Oh, you know, I think that it 
really like really, you should 

2891
02:12:21,760 --> 02:12:23,760
really consider this. 
So there's different approaches,

2892
02:12:23,760 --> 02:12:26,840
every salesman different. 
There's a guidelines in which 

2893
02:12:26,840 --> 02:12:30,040
Isaac said what we actually have
a sheet, have a sheet and that 

2894
02:12:30,040 --> 02:12:34,360
the sheet was called what to say
and what not to say because 

2895
02:12:34,360 --> 02:12:37,360
Isaac wanted to make sure that 
they weren't bait and switching 

2896
02:12:37,360 --> 02:12:39,000
or alluding to bait and 
switching. 

2897
02:12:39,000 --> 02:12:41,600
That's really what is happening.
But they're not promising 

2898
02:12:41,600 --> 02:12:42,560
they're going to sell you 
something. 

2899
02:12:42,560 --> 02:12:45,080
They're just flipping you once. 
They call it flipping, once you 

2900
02:12:45,080 --> 02:12:48,360
get the money, we flip you out 
of their bullion trading to a 

2901
02:12:48,360 --> 02:12:53,240
premium trade. 
So but now you're nervous and I 

2902
02:12:53,240 --> 02:12:57,600
go, hey, so like, maybe you're 
not biting, right? 

2903
02:12:57,600 --> 02:13:00,560
Maybe you're maybe you're like, 
no, I really want silver eagles.

2904
02:13:00,800 --> 02:13:02,000
OK, awesome. 
Cool. 

2905
02:13:02,840 --> 02:13:04,560
All right, well, let's get that 
locked in for you. 

2906
02:13:04,880 --> 02:13:06,960
Just give me a couple of minutes
and I put you on hold. 10 

2907
02:13:06,960 --> 02:13:08,840
minutes goes by, 15 minutes go 
by. 

2908
02:13:08,880 --> 02:13:11,600
Maybe I hang up on you. 
And then you call back and you 

2909
02:13:11,600 --> 02:13:14,480
get an admin and an admin says, 
oh, yeah, he's on the phone 

2910
02:13:14,480 --> 02:13:15,800
right now. 
It's like, well, I was just on 

2911
02:13:15,800 --> 02:13:19,080
the phone with him. 
Oh, yeah, you, I guess you guys 

2912
02:13:19,080 --> 02:13:20,800
got disconnected. 
He's on the phone with another, 

2913
02:13:21,040 --> 02:13:23,480
another client. 
And then a day goes by and I 

2914
02:13:23,480 --> 02:13:28,360
said I'll have $200,000 of your 
money, Kyle, and you want Silver

2915
02:13:28,360 --> 02:13:30,320
American Eagles, but I really 
don't want to sell you Silver 

2916
02:13:30,320 --> 02:13:32,400
American Eagles because I've got
$20,000 on the line. 

2917
02:13:33,000 --> 02:13:36,520
So then maybe midday next day. 
Oh, hey, buddy, Sorry I got 

2918
02:13:36,520 --> 02:13:38,200
disconnected. 
Hey, yeah, man. 

2919
02:13:38,200 --> 02:13:40,440
So I just wanted to re engage 
with you all the while the 

2920
02:13:40,440 --> 02:13:43,280
market's doing this, right? 
You just want to get locked in. 

2921
02:13:43,440 --> 02:13:46,040
You want to make sure that your,
your, your assets are safe, that

2922
02:13:46,040 --> 02:13:47,080
you're going to receive your 
assets. 

2923
02:13:47,640 --> 02:13:49,560
And this. 
And so I call it, it's like, 

2924
02:13:50,120 --> 02:13:52,680
it's like the used car dealer 
model or the car dealer actually

2925
02:13:52,680 --> 02:13:54,320
not used car. 
It's a car dealer model, right? 

2926
02:13:54,320 --> 02:13:57,360
You go there, you want the shiny
new vehicle and they wear you 

2927
02:13:57,360 --> 02:13:58,880
down, they weigh you down, they 
weigh you down. 

2928
02:13:58,960 --> 02:14:01,120
And then finally you just say, 
OK, whatever, I'll I'll take 

2929
02:14:01,120 --> 02:14:02,400
whatever you want to give me, 
right? 

2930
02:14:02,400 --> 02:14:04,520
Like I, I'll take all the bells 
and whistles, right? 

2931
02:14:05,000 --> 02:14:08,000
And if they do that same 
strategy, but just at a larger 

2932
02:14:08,000 --> 02:14:09,720
scale, right? 
I have $200,000, maybe I have 

2933
02:14:09,720 --> 02:14:11,560
$500,000 of your money, right? 
So. 

2934
02:14:11,720 --> 02:14:12,640
And they already have your 
money. 

2935
02:14:12,800 --> 02:14:14,200
And they already have your 
money. 

2936
02:14:14,200 --> 02:14:16,480
Which would be a lot different. 
It's it's the equivalent of the 

2937
02:14:16,480 --> 02:14:18,480
bank handing over the money that
you were going to do on a car 

2938
02:14:18,480 --> 02:14:20,840
loan and now they're controlling
it and they're going to tell you

2939
02:14:20,840 --> 02:14:22,200
what they're going to let you 
walk out with. 

2940
02:14:22,320 --> 02:14:24,320
And you're wondering if I'm 
going to walk out with anything.

2941
02:14:24,320 --> 02:14:26,320
I didn't realize that part of 
it, but that makes a lot of 

2942
02:14:26,320 --> 02:14:28,280
sense too. 
Yep, and so now. 

2943
02:14:28,360 --> 02:14:31,880
Such a big leverage position the
minute, the minute that you have

2944
02:14:31,880 --> 02:14:34,800
it. 
But I mean, well, look, I, I 

2945
02:14:34,800 --> 02:14:37,600
used to sell, I've, I've sold 
probably $20 million worth of 

2946
02:14:37,600 --> 02:14:39,280
computer equipment when I was 
working for Dell. 

2947
02:14:39,520 --> 02:14:42,840
So I've sold, you know, at a, at
a business to business model. 

2948
02:14:42,920 --> 02:14:47,080
And we, we sold, you know, 5 
figures, 6 figures on deals. 

2949
02:14:47,160 --> 02:14:50,040
And you would never be able to 
argue from a position of having 

2950
02:14:50,040 --> 02:14:52,600
their money 1st and then 
wondering if they're going to 

2951
02:14:52,600 --> 02:14:57,560
get anything that is such a that
is such a, a mind job to be able

2952
02:14:57,560 --> 02:15:00,520
to work from that position. 
And, you know, it's so easy to 

2953
02:15:00,520 --> 02:15:01,600
abuse it. 
Yeah. 

2954
02:15:01,600 --> 02:15:03,200
If you're a scrupulous guy, why 
would you want that? 

2955
02:15:03,200 --> 02:15:04,480
You wouldn't want that. 
That's crazy. 

2956
02:15:04,480 --> 02:15:06,120
You want somebody to enter into 
a transaction. 

2957
02:15:06,280 --> 02:15:08,160
You want to shake hands. 
You want them to come back and 

2958
02:15:08,160 --> 02:15:10,440
give them business again. 
This is the one time deal. 

2959
02:15:10,440 --> 02:15:12,280
That's the other thing I think 
people have to realize too. 

2960
02:15:12,280 --> 02:15:13,880
And I'm just realizing it 
myself. 

2961
02:15:14,080 --> 02:15:16,640
This is a one time winner takes 
all. 

2962
02:15:16,840 --> 02:15:18,440
I got a shot to take everything 
you got. 

2963
02:15:18,480 --> 02:15:23,360
Yep, and they won't tell you to 
only invest 10 to 20% like any 

2964
02:15:23,360 --> 02:15:26,720
good financial advisor would. 
They'll tell you, Oh no, you 

2965
02:15:26,720 --> 02:15:28,080
should invest all of it. 
It's great. 

2966
02:15:28,280 --> 02:15:30,800
Like this is a great thing. 
Maybe every now and then, if 

2967
02:15:30,800 --> 02:15:33,120
someone's really like, well, I 
watched Dave Ramsey, someone 

2968
02:15:33,120 --> 02:15:34,400
will go, yeah, Dave's probably 
right. 

2969
02:15:34,400 --> 02:15:37,160
You should probably only do 20%.
But if I can get 20% of your 

2970
02:15:37,160 --> 02:15:40,720
million bucks, it's $200,000 and
I get 20 of it. 

2971
02:15:40,720 --> 02:15:45,120
So yeah, I might not have gotten
the other, you know, 800K, but I

2972
02:15:45,120 --> 02:15:46,800
still get 20,000 bucks. 
That's right. 

2973
02:15:46,800 --> 02:15:50,320
If you buy what I want you to 
buy, So you have this element of

2974
02:15:50,320 --> 02:15:54,680
where you have unsavient 
investors and you, they're new 

2975
02:15:54,680 --> 02:15:58,240
to the market and they're being 
completely taken advantage of. 

2976
02:15:58,240 --> 02:16:03,680
And now they didn't want, no one
ever calls and says, hey, I'd 

2977
02:16:03,680 --> 02:16:06,400
take, I'll take $200,000 of your
premium assets. 

2978
02:16:06,400 --> 02:16:08,200
Please. 
No one knows what these premium 

2979
02:16:08,280 --> 02:16:10,240
assets are until they're sold 
them. 

2980
02:16:10,280 --> 02:16:14,160
No one cares about them. 
People call because they want 

2981
02:16:14,240 --> 02:16:16,840
gold and silver, American Eagles
because that's what they've read

2982
02:16:16,840 --> 02:16:19,920
about, or Canadian Maple Leafs 
or something at large that can 

2983
02:16:19,920 --> 02:16:22,200
be resold. 
And so no one calls ever wanting

2984
02:16:22,200 --> 02:16:25,080
them. 
And they completely use that 

2985
02:16:25,080 --> 02:16:31,600
position of leverage to really 
strike anxiety into the people 

2986
02:16:31,600 --> 02:16:34,240
because now you're thinking, are
these guys legitimate? 

2987
02:16:35,160 --> 02:16:37,920
Are they wait, they, they have 
my money, but this guy just was 

2988
02:16:37,920 --> 02:16:41,520
like blowing me off like, is 
this guy legitimate? 

2989
02:16:41,520 --> 02:16:43,520
Or maybe he won't call you back 
for two days, right? 

2990
02:16:43,520 --> 02:16:45,400
I mean, this happens. 
Won't call you back for two 

2991
02:16:45,400 --> 02:16:48,959
days. 
I, I witnessed a guy and I 

2992
02:16:48,959 --> 02:16:51,879
actually bumped heads with this 
guy and I witnessed this guy. 

2993
02:16:53,600 --> 02:16:56,400
I was in the office, it's down 
there for one of the Christmas 

2994
02:16:56,400 --> 02:16:59,480
parties and I'm there and he and
I had he, he just talked to 

2995
02:16:59,480 --> 02:17:01,000
everyone like they would do it 
on their shoe. 

2996
02:17:01,480 --> 02:17:03,559
So it was funny. 
So he calls me one day and I 

2997
02:17:03,600 --> 02:17:05,000
don't remember what he was 
calling me for. 

2998
02:17:05,000 --> 02:17:06,280
He's calling me about a trade or
something. 

2999
02:17:06,280 --> 02:17:08,920
And he was just talking to me 
like absolute crap. 

3000
02:17:08,920 --> 02:17:11,320
And it was not the first time. 
And I had told Isaac several 

3001
02:17:11,320 --> 02:17:13,840
times you need to go talk to him
because I don't talk to people 

3002
02:17:13,840 --> 02:17:15,799
like that and I don't expect to 
be talked to like that. 

3003
02:17:16,040 --> 02:17:18,280
And I'd never seen him operate 
on the sales floor right at this

3004
02:17:18,280 --> 02:17:21,000
point because I'm up here in, in
Washington state. 

3005
02:17:21,000 --> 02:17:26,400
So he calls me and he he's just 
being an absolute Dick and I'm 

3006
02:17:26,400 --> 02:17:31,320
just like, I go, who the F do 
you think you are talking to? 

3007
02:17:31,320 --> 02:17:35,400
I don't talk to you like that 
and I don't expect you to talk 

3008
02:17:35,400 --> 02:17:38,280
to me like that. 
And I just hung up on him and 

3009
02:17:38,280 --> 02:17:40,200
then I got a call from Isaac. 
If you it's kind of funny 

3010
02:17:40,200 --> 02:17:41,360
looking back. 
I was hot though. 

3011
02:17:41,360 --> 02:17:43,440
I was mad because he's just 
talking to you like a piece of 

3012
02:17:43,440 --> 02:17:45,200
crap. 
So then Isaac calls me and 

3013
02:17:45,200 --> 02:17:49,000
Isaac's laughing. 
He calls me on Skype and the guy

3014
02:17:49,000 --> 02:17:54,320
was stood in his doorway and 
Isaac's laughing and he had he's

3015
02:17:54,320 --> 02:17:55,760
in there bitching at Isaac about
me. 

3016
02:17:55,760 --> 02:17:58,480
So Isaac called me and I could 
hear him bitching and I was 

3017
02:17:58,480 --> 02:18:01,080
like, you tell that piece of 
shit that he doesn't know. 

3018
02:18:01,080 --> 02:18:02,639
So I'm going off. 
So we're kind of having this 

3019
02:18:02,639 --> 02:18:03,879
thing. 
So Isaac says get out of my 

3020
02:18:03,879 --> 02:18:05,840
office. 
He leaves and I said, bro, you 

3021
02:18:05,840 --> 02:18:09,280
got to tell this guy, man, like 
I'm not, I'm not his bitch. 

3022
02:18:09,360 --> 02:18:11,120
Like that's not. 
And I don't treat people that 

3023
02:18:11,120 --> 02:18:12,799
way. 
You don't treat me that way and 

3024
02:18:13,320 --> 02:18:16,440
he doesn't treat me that way. 
Well, then a few months later I 

3025
02:18:16,440 --> 02:18:22,160
go down and I, I walk in and 
he's just like this short little

3026
02:18:22,160 --> 02:18:24,639
Asian guy, the Super rotund 
Asian guy. 

3027
02:18:24,639 --> 02:18:27,680
And he's just like, he looks at 
me and I just like, I look at 

3028
02:18:27,680 --> 02:18:30,240
him and he, his head just goes 
down like this, right. 

3029
02:18:30,240 --> 02:18:33,040
And I'm not a, I'm not like a, 
I'm not an intimidating guy by 

3030
02:18:33,040 --> 02:18:34,799
any means. 
And I wasn't trying to be, but 

3031
02:18:34,799 --> 02:18:37,000
it was just like, oh, so you're 
just all talk on the phone. 

3032
02:18:37,200 --> 02:18:39,680
So then I'm in Isaac's office. 
So Isaac, when I was down there,

3033
02:18:39,680 --> 02:18:42,080
Isaac had a desk for me and I 
would work in his office with 

3034
02:18:42,080 --> 02:18:46,959
Isaac and Isaac it had all these
glass doors installed in all of 

3035
02:18:46,959 --> 02:18:51,080
the offices that were soundproof
so you could softly hear this 

3036
02:18:51,080 --> 02:18:53,280
sales Albert. 
Really it wasn't distracting. 

3037
02:18:53,719 --> 02:18:56,920
And Isaac had went out to like 
grab water or something. 

3038
02:18:56,920 --> 02:19:00,200
And I just hear yelling from the
sales floor and I'm like, what 

3039
02:19:00,200 --> 02:19:03,200
is going on? 
And I go out there and this guy 

3040
02:19:03,200 --> 02:19:06,959
is on the phone with a client. 
You're an affin idiot. 

3041
02:19:07,160 --> 02:19:09,840
You're stupid. 
I'll never sell these assets to 

3042
02:19:09,840 --> 02:19:11,719
you. 
I've been doing this for 15 

3043
02:19:11,719 --> 02:19:13,360
years. 
If you don't take my advice, 

3044
02:19:13,400 --> 02:19:16,000
you're an affin moron. 
Click hangs up. 

3045
02:19:16,200 --> 02:19:18,680
I don't know how much money the 
guy had had on. 

3046
02:19:18,799 --> 02:19:20,480
Well, obviously we had his 
money, right. 

3047
02:19:20,480 --> 02:19:21,639
So we're we were sitting on his 
money. 

3048
02:19:21,639 --> 02:19:23,799
He's wanting to do the trade and
and then this is the treatment 

3049
02:19:23,799 --> 02:19:26,840
he's getting. 
So I'm just like wide eyed like 

3050
02:19:26,840 --> 02:19:28,639
this. 
I'm like, what is going on? 

3051
02:19:28,799 --> 02:19:30,559
Right? 
Like I've been there a few 

3052
02:19:30,559 --> 02:19:32,120
times. 
And he never worried that he had

3053
02:19:32,120 --> 02:19:34,600
just started since the last time
I'd come down in between the 

3054
02:19:34,600 --> 02:19:36,080
times he had started working for
us. 

3055
02:19:36,280 --> 02:19:41,040
And so Isaac and I go in and I'm
like, go, what is going on? 

3056
02:19:41,200 --> 02:19:44,799
He goes, that's just his style. 
I'm like, that's just his style.

3057
02:19:44,959 --> 02:19:47,600
Who on earth would ever buy 
anything from him? 

3058
02:19:47,680 --> 02:19:49,960
Why would you buy something from
someone like that? 

3059
02:19:50,360 --> 02:19:53,360
But it's the it's the 
psychological portion of this 

3060
02:19:53,360 --> 02:19:58,080
position of power and authority 
that people even at large in 

3061
02:19:58,080 --> 02:20:00,160
society, we look at these people
as authorities. 

3062
02:20:00,280 --> 02:20:02,720
You saw it happening COVID, the 
doctor said this, so it must be 

3063
02:20:02,720 --> 02:20:05,040
true, right? 
You, you see this all the time. 

3064
02:20:05,200 --> 02:20:07,760
There's this deference to some 
form of authority. 

3065
02:20:08,000 --> 02:20:10,280
I am no authority in the gold 
industry. 

3066
02:20:10,400 --> 02:20:13,040
I'm just a guy that lived an 
experience that I believe. 

3067
02:20:13,160 --> 02:20:16,240
Is wrong. 
Your friend is, I bet you 10 

3068
02:20:16,240 --> 02:20:18,400
times more knowledgeable than in
gold than I am. 

3069
02:20:18,560 --> 02:20:24,360
I just have a very honed in view
of the experience that I lived 

3070
02:20:24,360 --> 02:20:27,600
and seeing people be harmed and 
I'm wanting to expose that I'm 

3071
02:20:27,600 --> 02:20:29,960
not a gold expert by any stretch
of the imagination. 

3072
02:20:30,120 --> 02:20:33,120
So with that said, it doesn't 
mean that what I'm saying isn't 

3073
02:20:33,120 --> 02:20:35,200
true. 
It's just that hey, you should 

3074
02:20:35,200 --> 02:20:37,840
probably go vet what I'm saying 
to you, which is what I did with

3075
02:20:37,840 --> 02:20:39,920
Jeremy Miller when he called me.
I'm going to tell you 

3076
02:20:39,920 --> 02:20:41,960
everything. 
Your job as a journalist is to 

3077
02:20:41,960 --> 02:20:45,280
go vet me and but I can tell you
when you vent me, you're this is

3078
02:20:45,280 --> 02:20:47,920
going to hold true. 
And so there's a psychological 

3079
02:20:47,920 --> 02:20:50,680
portion to it. 
And he ended up, see, I don't 

3080
02:20:50,680 --> 02:20:53,440
remember the exact trade, but he
ended up selling to that guy 

3081
02:20:53,440 --> 02:20:55,640
premium assets. 
The guy ended up flipping into 

3082
02:20:55,640 --> 02:20:57,800
premium. 
And I think a lot of that is 

3083
02:20:57,800 --> 02:21:00,120
derived from this figure. 
You have my money. 

3084
02:21:00,160 --> 02:21:03,000
I saw you advertised on Newsmax 
or Fox or something like that. 

3085
02:21:03,000 --> 02:21:05,640
So I think you're legitimate. 
Yeah, they're buying legitimacy.

3086
02:21:05,640 --> 02:21:07,160
That's the thing that people 
don't realize. 

3087
02:21:07,160 --> 02:21:09,880
It's like, Oh well, they're 
associated with a credible 

3088
02:21:09,880 --> 02:21:12,120
organization like Fox News. 
They wouldn't do business with 

3089
02:21:12,120 --> 02:21:14,640
scumbags. 
You know, they're, they're 

3090
02:21:14,640 --> 02:21:16,840
associated with Ben Shapiro. 
Ben Shapiro's a really smart 

3091
02:21:16,840 --> 02:21:18,000
guy. 
If you think Ben Shapiro's not 

3092
02:21:18,000 --> 02:21:20,600
smart, like you're not smart. 
Ben is very bright. 

3093
02:21:20,840 --> 02:21:24,000
It's, it's his intellect is, is 
very high. 

3094
02:21:24,240 --> 02:21:27,240
He has a like a .1 percenter or 
higher. 

3095
02:21:27,240 --> 02:21:29,520
Obviously just listening to him 
articulate points. 

3096
02:21:29,760 --> 02:21:31,080
That doesn't make him 
scrupulous. 

3097
02:21:31,120 --> 02:21:32,720
I don't think he's unscrupulous 
necessarily. 

3098
02:21:32,720 --> 02:21:35,360
I just saying he's not 
necessarily scrupulous because 

3099
02:21:35,360 --> 02:21:37,280
he's smart. 
We have this weird thing in 

3100
02:21:37,280 --> 02:21:39,920
society where we associate if 
you're attractive, you're 

3101
02:21:39,920 --> 02:21:42,760
articulate, if you're able to 
make a point and you have a 

3102
02:21:42,760 --> 02:21:46,920
certain sliver of legitimacy, 
whether it be from association 

3103
02:21:46,920 --> 02:21:49,080
with a news organization or 
you're in a movie. 

3104
02:21:49,320 --> 02:21:50,760
Somebody's willing to do 
business with you. 

3105
02:21:50,760 --> 02:21:52,400
Someone's willing to put you 
forward. 

3106
02:21:52,680 --> 02:21:53,840
Now, you must be something, 
right? 

3107
02:21:53,880 --> 02:21:55,600
I mean, that's what we do. 
Like, we just look at people and

3108
02:21:55,600 --> 02:21:57,560
we're looking for what are they 
associated with? 

3109
02:21:57,880 --> 02:22:00,280
Do we think that's credible? 
And yeah. 

3110
02:22:00,280 --> 02:22:03,640
And then if they had my $200,000
or $500,000 or 1,000,000 bucks, 

3111
02:22:03,640 --> 02:22:06,480
that'd be real scary too, 
because now here's this person 

3112
02:22:06,480 --> 02:22:08,360
telling me I'm an idiot. 
Maybe I'm an idiot. 

3113
02:22:08,640 --> 02:22:12,640
People ask they they, you know, 
self doubt is a very common 

3114
02:22:12,640 --> 02:22:14,280
thing no matter how intelligent 
you are. 

3115
02:22:14,280 --> 02:22:15,360
Well, and that's the other 
thing. 

3116
02:22:15,360 --> 02:22:17,880
So people say, well, how? 
Like there are people who just 

3117
02:22:17,880 --> 02:22:20,120
get it right. 
So for example, I know of 

3118
02:22:20,120 --> 02:22:22,160
someone, you and I talked off 
the air about this, but I know 

3119
02:22:22,160 --> 02:22:25,840
of someone, a very, very popular
figure who reached out to me 

3120
02:22:25,840 --> 02:22:28,840
about doing a documentary on 
this issue. 

3121
02:22:29,960 --> 02:22:33,600
And I'm this is a very early 
preliminary stages. 

3122
02:22:33,600 --> 02:22:36,040
I'm not going to say who could 
just in case it doesn't happen. 

3123
02:22:36,040 --> 02:22:38,360
I really hope it does. 
But they reach out to me and, 

3124
02:22:38,360 --> 02:22:40,760
and I'm helping them build this 
case. 

3125
02:22:40,880 --> 02:22:44,320
Now the reason why this 
connection was made is because 

3126
02:22:44,320 --> 02:22:46,480
again, I, like I said, I have 
people in the industry, in the 

3127
02:22:46,480 --> 02:22:48,400
segment of the industry still 
have FEMA information. 

3128
02:22:48,600 --> 02:22:51,320
And I happen to know that there 
was a firm that offered this 

3129
02:22:51,320 --> 02:22:55,600
person a multi $1,000,000 a year
deal to sell gold. 

3130
02:22:55,880 --> 02:22:59,840
I'm sure. 
And this isn't like you said, 

3131
02:22:59,840 --> 02:23:03,520
this isn't 3000 bucks plus 10%. 
This is just multi $1,000,000 in

3132
02:23:03,520 --> 02:23:05,520
cash a year just like here's 
cash. 

3133
02:23:05,520 --> 02:23:07,160
I'm sure there's probably a 
percentage or something. 

3134
02:23:07,280 --> 02:23:10,840
So this person says give me all 
of the information, give me all 

3135
02:23:10,840 --> 02:23:13,600
of the information being 
scrupulous and I'll make a 

3136
02:23:13,600 --> 02:23:17,320
decision. 
And I I've yet to confirm this, 

3137
02:23:17,320 --> 02:23:19,600
but the the fact that they've 
reached out to me about doing a 

3138
02:23:19,600 --> 02:23:21,720
documentary tells me there's 
probably some truth to this. 

3139
02:23:22,400 --> 02:23:24,360
In fact, the reason why I 
reached out to them was to 

3140
02:23:24,360 --> 02:23:28,840
confirm this was true or not and
they were looked into it. 

3141
02:23:29,000 --> 02:23:31,400
They realized probably a lot 
sooner than I did. 

3142
02:23:31,400 --> 02:23:34,440
Again, I was a young, dumb, 
ignorant kid, immature and 

3143
02:23:34,440 --> 02:23:36,600
ignorant. 
Went back and said, no, I'm 

3144
02:23:36,600 --> 02:23:38,680
good, thank you. 
Turned down multi $1,000,000 

3145
02:23:38,680 --> 02:23:42,000
deal just like you turned down, 
you know, probably $3000 a lot 

3146
02:23:42,000 --> 02:23:44,640
is probably a lot to you 
compared to the millions of 

3147
02:23:44,640 --> 02:23:46,080
dollars this person already 
makes, right? 

3148
02:23:46,080 --> 02:23:48,440
So it's all relative and and so 
on. 

3149
02:23:48,440 --> 02:23:50,600
And so he says, no, I'm good, 
thank you. 

3150
02:23:50,600 --> 02:23:53,600
So I have an industry insider 
reach out and say, Hey, this 

3151
02:23:53,600 --> 02:23:56,680
person just said no to this 
crazy deal. 

3152
02:23:56,800 --> 02:23:58,680
Like they're offered them like 
this crazy deal. 

3153
02:23:58,720 --> 02:24:02,600
I was like, OK, so I reach out 
and I say, is this true? 

3154
02:24:02,720 --> 02:24:06,280
Not trying to get airtime, not 
not even thinking anything like 

3155
02:24:06,280 --> 02:24:07,680
that. 
I'm just like, I want to know is

3156
02:24:07,680 --> 02:24:11,280
if this is true and if you came 
to the same conclusion that I 

3157
02:24:11,280 --> 02:24:14,840
did. 
And if if this is true and I get

3158
02:24:14,840 --> 02:24:17,800
a call from a producer, hey, 
we're interested in doing a 

3159
02:24:17,800 --> 02:24:21,480
documentary and. 
The fact the matter is, is you 

3160
02:24:21,480 --> 02:24:25,040
cannot pay that kind of money in
that industry for buying retail.

3161
02:24:25,040 --> 02:24:27,880
Clients can't do it. 
The margin doesn't exist in 

3162
02:24:27,880 --> 02:24:30,880
scrupulous business period. 
And anybody who knows anything 

3163
02:24:30,880 --> 02:24:33,440
about money and this person 
we're talking about like what 

3164
02:24:33,440 --> 02:24:36,920
probably 9 figure net worth, 
like not, not a, not a small 

3165
02:24:36,920 --> 02:24:39,240
amount of money. 
When you have a nine figure net 

3166
02:24:39,240 --> 02:24:42,400
worth, you know what money is, 
you know what money can buy and 

3167
02:24:42,400 --> 02:24:45,160
you know what people can afford 
to pay to get access to an 

3168
02:24:45,160 --> 02:24:47,400
audience, there's got to be a 
big profit margin. 

3169
02:24:47,640 --> 02:24:49,360
And that doesn't exist in the 
metals market. 

3170
02:24:49,360 --> 02:24:52,280
It just doesn't exist. 
Like I said, $3000 worth the 

3171
02:24:52,280 --> 02:24:55,040
opening bid when I had small, I 
think we had a $5000 offer. 

3172
02:24:55,040 --> 02:24:57,760
And then I told people who have 
repeatedly approached me, 

3173
02:24:57,960 --> 02:25:00,720
they'll, I've, I've been 
approached every few months 

3174
02:25:00,720 --> 02:25:03,200
since I started doing this. 
I do this for a living. 

3175
02:25:03,200 --> 02:25:06,120
I'm able to sit and do a do a 
podcast for a living, which is a

3176
02:25:06,120 --> 02:25:08,320
shocking thing to be able to do.
It really is. 

3177
02:25:08,320 --> 02:25:12,200
I mean, like it's not easy to do
to grow that so that the you 

3178
02:25:12,200 --> 02:25:14,320
only get to sell that 
credibility one time. 

3179
02:25:14,480 --> 02:25:17,040
And I, I decided right when I 
got started, you know, because 

3180
02:25:17,160 --> 02:25:19,680
just how I'm built, I imagine 
you're wired the same way right 

3181
02:25:19,680 --> 02:25:21,320
now when you're looking at it, 
the conversation we're having 

3182
02:25:21,320 --> 02:25:24,760
vibes, but you only get to sell 
your credibility one time. 

3183
02:25:25,000 --> 02:25:28,000
Or you say, I've built up 
credibility in public. 

3184
02:25:28,000 --> 02:25:30,000
I've told people things that I 
know are true. 

3185
02:25:30,160 --> 02:25:33,800
I've not, you know, I have not 
made grandiose claims to the 

3186
02:25:33,800 --> 02:25:35,840
Washington Post where they went 
out and vetted me and found out 

3187
02:25:35,840 --> 02:25:38,440
that I was a fool because that's
the last time anybody talks to 

3188
02:25:38,440 --> 02:25:39,880
you. 
You only get exposed one time. 

3189
02:25:40,400 --> 02:25:42,200
You can only sell that 
credibility one time. 

3190
02:25:42,200 --> 02:25:44,000
And it, and, and this is worth 
knowing. 

3191
02:25:44,000 --> 02:25:45,920
I've, I've said it a couple 
times on, on, on my podcast, but

3192
02:25:45,920 --> 02:25:48,240
I'm going to say it one more 
time and you can walk forward 

3193
02:25:48,240 --> 02:25:50,720
with this as well. 
The business of the podcast 

3194
02:25:50,720 --> 02:25:54,280
world, the business of sharing 
information with people, what it

3195
02:25:54,280 --> 02:25:57,400
is, is I say things that I 
believe are true or that I know 

3196
02:25:57,400 --> 02:25:59,800
are true or that I can vet and 
prove are true. 

3197
02:26:00,360 --> 02:26:02,800
And I give people access to 
other people's stories and they 

3198
02:26:02,800 --> 02:26:04,200
see things that we think are 
credible. 

3199
02:26:04,240 --> 02:26:07,000
And the thing that I'm doing is 
I'm buying your attention with 

3200
02:26:07,000 --> 02:26:09,480
my information. 
And then I'm selling your 

3201
02:26:09,480 --> 02:26:13,320
attention span to my advertiser 
who says I'm going to associate 

3202
02:26:13,320 --> 02:26:15,440
with Kyle Serif and I'm going to
associate with Dale Whitaker. 

3203
02:26:15,440 --> 02:26:17,840
I'm going to associate with Sean
Hannity, who was mentioned 

3204
02:26:17,840 --> 02:26:19,200
earlier. 
It doesn't matter who Ben 

3205
02:26:19,200 --> 02:26:21,680
Shapiro, take your pick. 
I'm going to associate myself 

3206
02:26:21,680 --> 02:26:24,520
with those people. 
And when they listen to Matt 

3207
02:26:24,520 --> 02:26:28,480
Walsh, Jordan Peterson, fill in 
the blank, they're also going to

3208
02:26:28,480 --> 02:26:30,640
hear my message. 
And that person is basically 

3209
02:26:30,640 --> 02:26:34,160
cosigning, saying you can access
my audience because I have their

3210
02:26:34,160 --> 02:26:36,520
attention and I'm willing to 
sell access to it. 

3211
02:26:36,520 --> 02:26:38,040
That's what I do. 
That's what the Kyle Seraphin 

3212
02:26:38,040 --> 02:26:39,720
show is. 
It's what everybody else's show 

3213
02:26:39,720 --> 02:26:41,680
is. 
It's I'm selling access to my 

3214
02:26:41,680 --> 02:26:43,840
audience. 
So I damn well better believe in

3215
02:26:43,840 --> 02:26:45,440
the things that I'm giving 
people access to. 

3216
02:26:45,480 --> 02:26:46,400
Yeah. 
And it's interesting. 

3217
02:26:46,400 --> 02:26:51,080
So when I went to the Turning 
Point USA event last week, so I 

3218
02:26:51,080 --> 02:26:53,480
drove about, it's about an hour 
and a half and I went to 

3219
02:26:53,480 --> 02:26:55,480
Washington State University and 
like I said, I printed out 

3220
02:26:55,480 --> 02:26:58,280
Charlie the whistleblower 
complaint redacted for Charlie 

3221
02:26:58,800 --> 02:27:01,960
and I got there early. 
And, and so the way that they 

3222
02:27:01,960 --> 02:27:06,000
they do it is they want 
obviously contentious arguments,

3223
02:27:06,000 --> 02:27:07,920
like counter arguments to what 
Charlie would believe so that 

3224
02:27:07,920 --> 02:27:10,040
they can debate, which just 
makes sense. 

3225
02:27:10,240 --> 02:27:11,880
So I go there and I'm like, hey,
I want. 

3226
02:27:11,960 --> 02:27:13,240
So they said, well, watch your 
question. 

3227
02:27:13,240 --> 02:27:14,360
So I get right to the front of 
the line. 

3228
02:27:14,360 --> 02:27:17,640
I'm like second in line and it 
was super early and I'm like 

3229
02:27:18,360 --> 02:27:20,640
like 30 minutes before Charlie's
meant like even show up. 

3230
02:27:20,880 --> 02:27:25,080
And I'm like, so I want to know 
if Charlie believes that he has 

3231
02:27:25,080 --> 02:27:30,680
a responsibility to his viewers 
to vet their sponsors, that he 

3232
02:27:30,840 --> 02:27:35,080
the advertising that he's doing 
on behalf of P of products or, 

3233
02:27:35,200 --> 02:27:37,480
or whatever. 
I said because I have access, I 

3234
02:27:37,480 --> 02:27:41,320
have information right here that
generally speaking would state 

3235
02:27:41,320 --> 02:27:45,600
that there is a potential that 
one of the his advertisers is 

3236
02:27:45,600 --> 02:27:49,440
defrauding his viewer base. 
Can't say definitively, I never 

3237
02:27:49,440 --> 02:27:52,640
worked there, but I can tell you
all the telltale signs. 

3238
02:27:52,640 --> 02:27:56,760
And but I believe he has a 
responsibility to vet that, that

3239
02:27:56,760 --> 02:27:59,360
company. 
And so if he doesn't do that, 

3240
02:27:59,360 --> 02:28:01,240
then he's doing a disservice to 
his viewers. 

3241
02:28:01,240 --> 02:28:03,360
And I don't believe, I've never 
met Charlie Kirk, don't know 

3242
02:28:03,360 --> 02:28:07,200
him, but I like you said, he 
says things that I believe to be

3243
02:28:07,200 --> 02:28:09,360
true. 
I have to share the same faith 

3244
02:28:09,360 --> 02:28:11,600
with him. 
I believe him to be a very, I 

3245
02:28:11,600 --> 02:28:13,720
believe him to be morally 
grounded. 

3246
02:28:13,960 --> 02:28:17,120
And this is where I say I don't 
think all of them know for but 

3247
02:28:17,120 --> 02:28:19,680
this is happening. 
And often times, you know, these

3248
02:28:19,680 --> 02:28:21,880
guys have handlers, they have 
other people dealing with 

3249
02:28:21,880 --> 02:28:25,520
marketing stuff and so on. 
But that does not alleviate them

3250
02:28:26,080 --> 02:28:28,840
from the responsibility to vet 
their their advertisers. 

3251
02:28:29,600 --> 02:28:33,840
And this is true of of them, 
this is true of Fox, is true of 

3252
02:28:33,840 --> 02:28:34,880
everyone. 
This. 

3253
02:28:34,880 --> 02:28:36,760
Is a dirty secret in the 
conservative, in the 

3254
02:28:36,760 --> 02:28:39,520
conservative world. 
I've done now this will be the 

3255
02:28:39,520 --> 02:28:42,680
second podcast we've done on it.
The first one, I had a dozen 

3256
02:28:42,680 --> 02:28:45,240
people reach out and said you 
probably saved my life savings 

3257
02:28:45,240 --> 02:28:47,800
'cause I was in the middle of a 
bicycle with somebody like this.

3258
02:28:47,800 --> 02:28:50,400
Yeah, if we you know, that was 
just one time. 

3259
02:28:50,600 --> 02:28:52,440
I don't have a huge audience. 
I don't have Charlie Kirk's 

3260
02:28:52,440 --> 02:28:53,840
audience. 
I think I have a smarter 

3261
02:28:53,840 --> 02:28:55,680
audience if I'm going to be 
honest, because I think the 

3262
02:28:55,680 --> 02:28:57,480
people that listen to me are 
very discerning. 

3263
02:28:57,480 --> 02:28:59,040
They're exactly what you said 
they heard. 

3264
02:28:59,040 --> 02:29:00,880
You're going to hear your story.
They're going to go out and 

3265
02:29:00,880 --> 02:29:02,600
check it out for themselves. 
They're going to go read that 

3266
02:29:02,600 --> 02:29:04,840
Washington Post article, which 
we'll post and they're going to 

3267
02:29:04,840 --> 02:29:07,040
go out and do the due diligence 
that they have and they go OK, I

3268
02:29:07,040 --> 02:29:09,400
believe that to be the case. 
Now there's a certain amount of 

3269
02:29:09,400 --> 02:29:11,040
credibility. 
I don't Co sign on everything 

3270
02:29:11,040 --> 02:29:14,280
that anybody comes on and says 
to me, but I know, I know that. 

3271
02:29:14,280 --> 02:29:17,280
Do you have a gold sponsor? 
Is a regular question for 

3272
02:29:17,280 --> 02:29:20,360
anybody that has an audience, 
particularly in the preservative

3273
02:29:20,360 --> 02:29:22,600
space. 
That's interesting because I 

3274
02:29:22,600 --> 02:29:24,800
remember. 
Everybody gets it. 

3275
02:29:25,200 --> 02:29:28,720
Remember the Steven Crowder 
Daily Wire debacle? 

3276
02:29:28,720 --> 02:29:31,080
Remember that whole thing? 
Of course, I remember watching 

3277
02:29:31,080 --> 02:29:37,480
Steven Crowder's Rent about 
about that whole contract 

3278
02:29:37,480 --> 02:29:40,320
debacle. 
He says at the very end of his 

3279
02:29:40,320 --> 02:29:42,480
rent, right before that, I 
forget which video it is 

3280
02:29:42,480 --> 02:29:44,960
specifically, but he says at the
very end of it is rent. 

3281
02:29:44,960 --> 02:29:47,880
He goes, I don't want to be 
there selling people another 

3282
02:29:47,880 --> 02:29:50,600
damn gold sponsor or reverse 
mortgage. 

3283
02:29:50,600 --> 02:29:54,920
And I just went, oh, OK. 
They know exactly what they're 

3284
02:29:54,920 --> 02:29:56,680
selling. 
They'll like I, I'm just telling

3285
02:29:56,680 --> 02:29:59,000
you right now, these are smart, 
savvy people. 

3286
02:29:59,200 --> 02:30:01,840
There's a, there was a, a client
that we had that was selling 

3287
02:30:01,840 --> 02:30:02,760
something. 
So here's the thing. 

3288
02:30:02,760 --> 02:30:06,000
I don't sell every product that 
every company that I work with, 

3289
02:30:06,000 --> 02:30:08,200
I will mention the products that
I think that I would spend my 

3290
02:30:08,200 --> 02:30:10,320
own money on. 
And so people and people may 

3291
02:30:10,320 --> 02:30:11,880
know, I'm not going to say it 
specifically because I don't 

3292
02:30:11,880 --> 02:30:14,400
badmouth people that pay me. 
I'd like, you know, we got into 

3293
02:30:14,400 --> 02:30:17,040
a good agreement. 
I will represent products that I

3294
02:30:17,040 --> 02:30:18,920
can stand behind. 
If I would spend my own money on

3295
02:30:18,920 --> 02:30:22,240
it, I'll do it. 
And if I won't, I won't. 

3296
02:30:22,440 --> 02:30:24,200
And I've had sponsors leave 
because they said, Hey, we want 

3297
02:30:24,200 --> 02:30:26,440
you to to promote this. 
And I said, well, I don't do 

3298
02:30:26,440 --> 02:30:27,840
that. 
Generally speaking. 

3299
02:30:27,920 --> 02:30:29,960
I'll just tell you, like 
generically, I don't do any 

3300
02:30:29,960 --> 02:30:31,520
supplements ever. 
I never have. 

3301
02:30:31,520 --> 02:30:32,800
I've never been interested in 
supplements. 

3302
02:30:32,800 --> 02:30:34,800
I don't even like multivitamins.
My wife will come and bring them

3303
02:30:34,800 --> 02:30:36,120
to me and I'm like, she's my 
wife. 

3304
02:30:36,120 --> 02:30:37,800
I'll take the Volta vitamins, 
but I don't want to do it. 

3305
02:30:37,800 --> 02:30:39,160
I don't like us buying 
multivitamins. 

3306
02:30:39,160 --> 02:30:40,920
It's not my jam. 
I don't do supplements. 

3307
02:30:40,920 --> 02:30:42,960
So if you want me to sell your 
supplement, you got the wrong 

3308
02:30:42,960 --> 02:30:44,080
guy. 
Doesn't matter what the 

3309
02:30:44,080 --> 02:30:45,440
supplement is. 
I'm not going to spend Kyle's 

3310
02:30:45,440 --> 02:30:47,120
money on it. 
So I certainly wouldn't ask my 

3311
02:30:47,120 --> 02:30:49,040
audience to. 
If you think these people don't 

3312
02:30:49,040 --> 02:30:51,040
know what they're, they're 
reading the scripts, I promise 

3313
02:30:51,160 --> 02:30:53,400
you, because you get the script 
before you have to go say it. 

3314
02:30:53,480 --> 02:30:55,360
It's not like the first time you
saw it is when you have to read 

3315
02:30:55,360 --> 02:30:58,040
the script or you, you know, 
read the marketing pitch. 

3316
02:30:58,200 --> 02:31:02,040
This is the same for everybody. 
So I have a montage of about six

3317
02:31:02,040 --> 02:31:09,480
or seven of them and it it says 
it says save. 

3318
02:31:10,200 --> 02:31:12,440
What is the exact clip? 
And it's literally verbatim the 

3319
02:31:12,440 --> 02:31:17,120
same script, you know, hedge 
your hedge against inflation 

3320
02:31:17,120 --> 02:31:18,080
with gold or something like 
that. 

3321
02:31:18,080 --> 02:31:21,120
And I, I put them together and 
it's like 6 or 7 conservative 

3322
02:31:21,280 --> 02:31:23,520
and I'm as conservative as they 
come. 

3323
02:31:23,520 --> 02:31:25,800
This is what I, I think this is 
also important. 

3324
02:31:25,800 --> 02:31:30,080
Important is I'm not some 
leftist pink haired progressive 

3325
02:31:30,120 --> 02:31:32,480
Antifa. 
I'm going to key your Tesla kind

3326
02:31:32,480 --> 02:31:34,080
of guy. 
I'm, I am as conservative as 

3327
02:31:34,080 --> 02:31:36,480
they come. 
And I am on the record doing 

3328
02:31:36,480 --> 02:31:38,800
multiple interviews. 
I run for Secretary of State as 

3329
02:31:38,800 --> 02:31:40,040
a Republican in Washington 
state. 

3330
02:31:40,040 --> 02:31:43,120
Last year. 
I talked about talking about 

3331
02:31:43,840 --> 02:31:48,720
the, the scary and the ominous 
voter issues that we have in 

3332
02:31:48,720 --> 02:31:51,280
Washington state, which I had 
other moderate Republicans 

3333
02:31:51,280 --> 02:31:52,400
telling me, don't talk about 
that issue. 

3334
02:31:52,400 --> 02:31:55,120
I'm like, this is a problem. 
Like, what do you mean don't 

3335
02:31:55,120 --> 02:31:56,480
talk about don't talk about the 
truth? 

3336
02:31:56,480 --> 02:31:59,840
Is that what you're asking me? 
So I'm very, very conservative, 

3337
02:32:00,280 --> 02:32:01,760
you know? 
And none of this is, yeah, just 

3338
02:32:01,760 --> 02:32:03,640
broadly speaking, though, none 
of this is to say that you 

3339
02:32:03,640 --> 02:32:05,960
shouldn't own gold or silver. 
Like if you own gold or silver, 

3340
02:32:05,960 --> 02:32:07,400
if you want to own it, like 
there's nothing wrong with it. 

3341
02:32:07,400 --> 02:32:10,240
I have, I have silver coins. 
I have some gold, not a ton. 

3342
02:32:10,480 --> 02:32:12,040
I have more ammo. 
I have more guns. 

3343
02:32:12,080 --> 02:32:15,000
I have assets that are worth 
things that and if people listen

3344
02:32:15,000 --> 02:32:18,160
to last week's show, you know, 
Andy Sheckman is very scrupulous

3345
02:32:18,160 --> 02:32:19,800
and he owns a lot of gold. 
That's what he does. 

3346
02:32:19,800 --> 02:32:22,400
And he and he owns silver and he
owns baseball cards and he owns 

3347
02:32:22,400 --> 02:32:25,080
sports memorabilia and things 
of, of actual what? 

3348
02:32:25,080 --> 02:32:27,080
What's the word? 
Numismatic. 

3349
02:32:27,160 --> 02:32:30,520
Numismatic, I hate that work. 
But yes, I had I had more than 

3350
02:32:30,520 --> 02:32:32,000
one. 
I'm I'm telling you, I've had 

3351
02:32:32,280 --> 02:32:36,600
and I had probably I've probably
had five approaches and a couple

3352
02:32:36,600 --> 02:32:38,680
from advertising agencies as 
well that represent these 

3353
02:32:38,680 --> 02:32:40,240
people. 
So that's not saying that that 

3354
02:32:40,280 --> 02:32:42,240
like owning gold or silver is 
bad. 

3355
02:32:42,240 --> 02:32:44,160
I think there's, there's plenty 
of reasons for a lot of people 

3356
02:32:44,160 --> 02:32:46,000
with a lot of wealth do that's 
true. 

3357
02:32:46,480 --> 02:32:48,480
Even like the most wealthy 
people that I know that are in 

3358
02:32:48,480 --> 02:32:52,040
my immediate family, they they 
have some they just don't own 

3359
02:32:52,040 --> 02:32:56,120
only that they never would 20 
percent, 15%, something like 

3360
02:32:56,120 --> 02:32:58,240
that that distributed in. 
And I don't think they generally

3361
02:32:58,240 --> 02:33:00,280
keep it in their Iras. 
I think they probably have it as

3362
02:33:00,280 --> 02:33:02,240
part of their personal, you 
know, portfolio investments. 

3363
02:33:02,520 --> 02:33:05,000
But again, what you're saying is
not anti conservative. 

3364
02:33:05,000 --> 02:33:07,600
I don't think what it's saying 
is that there's a dirty secret 

3365
02:33:07,800 --> 02:33:13,360
that Conservian conservative 
audiences are a ripe prospecting

3366
02:33:13,360 --> 02:33:17,640
grounds to generate very 
gullible leads, and people are 

3367
02:33:17,640 --> 02:33:21,000
more than willing to trade on 
the credibility of conservative 

3368
02:33:21,000 --> 02:33:24,000
podcasters, personalities, 
newscasters, and so on. 

3369
02:33:24,040 --> 02:33:26,840
And it happens from the absolute
highest level that exists. 

3370
02:33:26,960 --> 02:33:30,160
Whoever the most highly paid, 
most highly watched, most highly

3371
02:33:30,160 --> 02:33:33,320
viewed people and and highly 
respected, all the way down to a

3372
02:33:33,320 --> 02:33:35,440
guy who nobody had ever heard of
before, like me. 

3373
02:33:35,720 --> 02:33:38,760
It's crazy how much. 
Is that is crazy and I didn't 

3374
02:33:38,760 --> 02:33:41,400
know that they were they were 
that being that aggressive in 

3375
02:33:41,400 --> 02:33:44,000
the market. 
They're they're multi level. 

3376
02:33:44,000 --> 02:33:45,960
Do you realize that? 
What do you like in terms of 

3377
02:33:45,960 --> 02:33:48,160
they're going to offer you one 
type of deal and OK. 

3378
02:33:48,200 --> 02:33:50,640
So I've got I've got 25,000 
followers over on rumble right 

3379
02:33:50,640 --> 02:33:52,000
now. 
We've got about another 10,000 

3380
02:33:52,000 --> 02:33:54,360
on YouTube, you know, a couple 
100,000 over on the social media

3381
02:33:54,360 --> 02:33:58,200
platforms. 
All right, so I'm like AD tier 

3382
02:33:58,280 --> 02:34:00,480
AB. 
You know, if if Sean Hannity, 

3383
02:34:00,480 --> 02:34:03,120
Jesse Watters, Tucker Carlson 
are a tier guys like those are 

3384
02:34:03,120 --> 02:34:04,640
the big names in the 
stratosphere, right? 

3385
02:34:04,920 --> 02:34:07,480
And just below that is going to 
be your big podcast. 

3386
02:34:07,680 --> 02:34:09,600
So you know, rogue is not one of
them. 

3387
02:34:09,600 --> 02:34:11,920
So let's do Ben Shapiro and 
Jordan Peterson, those guys in 

3388
02:34:11,920 --> 02:34:14,520
there B and then you get to the 
C tier and they maybe have a 

3389
02:34:14,520 --> 02:34:17,080
couple 100,000 down to like 
100,000 followers. 

3390
02:34:17,280 --> 02:34:20,200
You'll get somebody from one of 
those tiers from the B, the B or

3391
02:34:20,200 --> 02:34:22,680
the C tier that you're on their 
show sometime. 

3392
02:34:22,840 --> 02:34:25,080
And they'll go, hey man, do you 
have a gold sponsor? 

3393
02:34:25,320 --> 02:34:27,600
Who's your gold sponsor? 
And I'll go, I don't, I don't 

3394
02:34:27,600 --> 02:34:29,600
have one. 
And they'll go, oh, well, sign 

3395
02:34:29,600 --> 02:34:30,760
me up. 
And I had a friend and I asked 

3396
02:34:30,760 --> 02:34:32,440
him, I said, well, what is this 
all about? 

3397
02:34:32,440 --> 02:34:33,840
Like, why does everybody always 
pitch it? 

3398
02:34:33,840 --> 02:34:37,520
He's like, well, if you sign up,
maybe you get 5% of every sale 

3399
02:34:37,520 --> 02:34:40,160
that comes in through your name,
but I get 1% as well. 

3400
02:34:40,240 --> 02:34:42,040
Interesting. 
So they're paying. 

3401
02:34:42,200 --> 02:34:45,120
So they're paying their sales 
guys, I'd say probably in this 

3402
02:34:45,120 --> 02:34:48,600
market around 7%. 
Then they're tacking on another 

3403
02:34:48,600 --> 02:34:51,400
five to six points, maybe 
another seven points. 

3404
02:34:51,560 --> 02:34:56,280
To Finder Plus plus upfront 
money, because it's 357-8000 

3405
02:34:56,280 --> 02:34:59,960
dollars a month, $10,000 a month
is not crazy, 10,000 bucks a 

3406
02:34:59,960 --> 02:35:02,840
month is not crazy to pay 
somebody who's got a decent size

3407
02:35:02,840 --> 02:35:05,480
audience, that is a guarantee 
that that actually happens. 

3408
02:35:05,760 --> 02:35:08,120
And then percentages and they 
get residuals from those clients

3409
02:35:08,120 --> 02:35:09,880
as well. 
But yeah, tacking on 6 

3410
02:35:09,880 --> 02:35:11,680
percentage points. 
So like you said, we're already 

3411
02:35:11,680 --> 02:35:13,080
whittled off. 
We're down like we're at 

3412
02:35:13,080 --> 02:35:16,880
probably 15% plus. 
The company's making 15 plus 

3413
02:35:16,880 --> 02:35:20,200
whatever their costs are. 
And now and now you bypass 

3414
02:35:20,200 --> 02:35:24,040
buying lists, you bypass all of 
that stuff that we we were doing

3415
02:35:24,040 --> 02:35:27,280
at Augusta and you're by and 
you're going straight to 

3416
02:35:27,280 --> 02:35:29,600
consumers like direct to 
consumer marketing with 

3417
02:35:29,840 --> 02:35:32,640
credibility, buying credibility.
You're buying credibility 

3418
02:35:32,640 --> 02:35:34,600
because it's, you know that it's
me, it's you. 

3419
02:35:34,680 --> 02:35:36,760
It's that guy that you listen to
every single day that that 

3420
02:35:36,760 --> 02:35:39,080
chirps in your ear that tells 
you what they think about news, 

3421
02:35:39,080 --> 02:35:41,840
what they think about political 
commentary, what they think 

3422
02:35:41,840 --> 02:35:43,760
about social. 
It's the person. 

3423
02:35:43,760 --> 02:35:46,120
It's Theo Von for all I know, 
Like I, I haven't seen Theo's. 

3424
02:35:46,120 --> 02:35:47,880
I I love what's the other pawn? 
I think he's hilarious. 

3425
02:35:48,000 --> 02:35:50,120
But if he had a gold sponsor, 
let's say, right, if he had a 

3426
02:35:50,120 --> 02:35:52,320
gold sponsor, it's the guy that 
makes you laugh, right? 

3427
02:35:52,520 --> 02:35:56,240
So it's, it's that personal 
people, people who listen to me,

3428
02:35:56,240 --> 02:35:57,720
people who will listen to your 
show. 

3429
02:35:57,720 --> 02:36:00,640
They get to know you every day 
and they start thinking like, 

3430
02:36:00,640 --> 02:36:03,520
you know, they, I have people 
e-mail me like we're buddies and

3431
02:36:03,520 --> 02:36:05,640
I don't know who they are. 
And I feel kind of bad about 

3432
02:36:05,640 --> 02:36:06,760
that. 
I have some people that have 

3433
02:36:06,760 --> 02:36:09,360
developed a relationship with 
our audience, who I see them 

3434
02:36:09,360 --> 02:36:10,800
every day. 
And I've seen them for years, 

3435
02:36:10,880 --> 02:36:13,320
literally years now. 
I see them every morning. 

3436
02:36:13,320 --> 02:36:14,760
I know they're there. 
If they weren't there, I would 

3437
02:36:14,760 --> 02:36:17,040
be like, oh, is somebody sick? 
Like, is somebody, you know, 

3438
02:36:17,080 --> 02:36:18,400
having to work a different 
schedule? 

3439
02:36:18,400 --> 02:36:21,760
I know some of my audience and 
they know me, and I'm out here 

3440
02:36:21,760 --> 02:36:23,440
telling you to go buy gold from 
this company. 

3441
02:36:23,440 --> 02:36:24,560
Yeah. 
And they're going to believe you

3442
02:36:24,560 --> 02:36:28,280
because they're, they're 
invested in you as an individual

3443
02:36:28,280 --> 02:36:30,840
and, and understanding your 
moral compass. 

3444
02:36:31,160 --> 02:36:33,160
And that's the. 
Thing CD is, this is the CD part

3445
02:36:33,160 --> 02:36:34,440
of it. 
And I'm telling you, they're 

3446
02:36:34,440 --> 02:36:37,400
buying credibility from somebody
who people trust. 

3447
02:36:37,440 --> 02:36:39,680
Well, in everything that, like I
said, everything that Augusta 

3448
02:36:39,680 --> 02:36:44,520
did was is to elevate that 
identity in that that authority.

3449
02:36:44,520 --> 02:36:47,120
So it's, you know, the Wilshire 
Blvd. address might seem like 

3450
02:36:47,120 --> 02:36:49,840
something really small and a lot
of people might not understand 

3451
02:36:49,840 --> 02:36:52,560
what Wilshire Blvd. is. 
They've heard of Wilshire Blvd. 

3452
02:36:52,840 --> 02:36:56,160
In a movie or right, like 
they've they've heard of it and 

3453
02:36:56,160 --> 02:36:57,080
they're like, oh, why do I know 
that? 

3454
02:36:57,080 --> 02:36:59,080
And then you go, oh, these guys 
must be legitimate. 

3455
02:36:59,240 --> 02:37:01,080
It's like the most prestigious 
part of LA. 

3456
02:37:01,400 --> 02:37:04,640
So you build that credibility 
and then you're again, then you 

3457
02:37:04,640 --> 02:37:09,960
have salesman who have 00 and is
these guys come in from 

3458
02:37:09,960 --> 02:37:13,000
Craigslist 90% of the time. 
So Isaac would advertise on 

3459
02:37:13,000 --> 02:37:15,240
Craigslist. 
He'd say, hey, so you have an 

3460
02:37:15,240 --> 02:37:16,960
advertisement on there, we're 
looking for salesman, blah, 

3461
02:37:16,960 --> 02:37:18,760
blah. 
You turnover rate was super 

3462
02:37:18,760 --> 02:37:22,240
high, but you'd get some that 
come in and they were just 

3463
02:37:22,440 --> 02:37:26,160
aggressive. 
They might be charismatic, they 

3464
02:37:26,240 --> 02:37:28,640
might be good on the phone. 
You know, some guys just didn't 

3465
02:37:28,640 --> 02:37:30,320
like talking on the phone. 
They don't make it right. 

3466
02:37:30,560 --> 02:37:33,240
Some guys like the gentleman I 
was telling you about you just 

3467
02:37:33,520 --> 02:37:35,560
is angry at everything and just 
yelled at everyone. 

3468
02:37:35,800 --> 02:37:38,440
Other guys are charismatic. 
Some guys are older, some guys 

3469
02:37:38,440 --> 02:37:40,480
are younger. 
Every single salesman builds 

3470
02:37:40,480 --> 02:37:44,240
their own style and but the 
reality is none of these guys, 

3471
02:37:44,240 --> 02:37:46,960
not, not not some of them have 
are educated. 

3472
02:37:46,960 --> 02:37:49,440
Some of them have gone to school
and done things like that, but 

3473
02:37:49,440 --> 02:37:52,320
most of them are not. 
Most of them are, like I said, 

3474
02:37:52,320 --> 02:37:53,960
they would be working at 
McDonald's if they weren't 

3475
02:37:53,960 --> 02:37:57,240
making quarter $1,000,000. 
And some of them are genuinely 

3476
02:37:57,240 --> 02:38:00,560
people that you don't want to 
come in between their paycheck 

3477
02:38:00,720 --> 02:38:02,480
on right? 
Like you just don't, you know, 

3478
02:38:02,480 --> 02:38:03,800
like that you don't mess like 
what? 

3479
02:38:03,800 --> 02:38:05,520
What's the old adage? 
You don't mess with a guy's 

3480
02:38:05,760 --> 02:38:07,560
bread of his ability to feed his
family. 

3481
02:38:08,840 --> 02:38:12,800
And you know, but the, the 
reality is there, there is no 

3482
02:38:12,800 --> 02:38:16,080
such thing as a fiduciary in 
this part of the market. 

3483
02:38:16,080 --> 02:38:19,280
It, this is purely sales. 
This is like going into Macy's 

3484
02:38:19,440 --> 02:38:24,160
and buying a, you know, a watch 
or a, a piece of clothing right 

3485
02:38:24,160 --> 02:38:27,600
there, a retail store. 
This isn't commodities, It's not

3486
02:38:27,600 --> 02:38:29,760
futures. 
It's, well, it is a commodity, 

3487
02:38:29,760 --> 02:38:31,440
but it's a physical, tangible 
asset. 

3488
02:38:31,760 --> 02:38:35,000
This isn't futures. 
You're not buying paper gold, 

3489
02:38:35,120 --> 02:38:35,920
right? 
You're not doing it. 

3490
02:38:35,920 --> 02:38:37,240
You're not hedging or doing 
anything. 

3491
02:38:37,240 --> 02:38:42,920
You're buying a literal physical
product that takes 0 skill to 

3492
02:38:42,920 --> 02:38:48,800
learn to sell and you are being 
told what to sell by a company. 

3493
02:38:49,000 --> 02:38:53,800
And what's, what's kind of scary
about this too is so Isaac was 

3494
02:38:53,800 --> 02:38:56,280
sued with in that merit 
financial case. 

3495
02:38:56,280 --> 02:38:59,360
You can, you can look that up, 
but he was listed as as a 

3496
02:38:59,360 --> 02:39:02,120
defendant on that case. 
Now that was, he was actually 

3497
02:39:02,120 --> 02:39:06,240
dropped from the lawsuit because
he was covered under the 

3498
02:39:06,240 --> 02:39:10,000
corporation because he was doing
his job at the direction of the 

3499
02:39:10,000 --> 02:39:11,440
corporation. 
The corporation said you have to

3500
02:39:11,440 --> 02:39:13,800
do your job this way and he was 
doing his job that way. 

3501
02:39:14,080 --> 02:39:15,880
So he, he was given full 
immunity. 

3502
02:39:16,040 --> 02:39:19,200
So that's why also when these 
companies are sued, the 

3503
02:39:19,200 --> 02:39:21,880
companies go out of business and
the, the officers get hit 

3504
02:39:21,880 --> 02:39:23,760
because they're the ones 
directing the company. 

3505
02:39:24,200 --> 02:39:27,800
And but the, the salesman can 
just go start another company 

3506
02:39:27,800 --> 02:39:30,920
because they, they can't Pierce 
the corporate veil and go after 

3507
02:39:30,920 --> 02:39:33,880
the salesman and say, hey, you, 
you knew what you were doing was

3508
02:39:33,880 --> 02:39:35,920
wrong. 
There's no Series 7 here. 

3509
02:39:36,240 --> 02:39:39,440
There's no credentialing. 
It's just there's no ethical 

3510
02:39:39,440 --> 02:39:42,240
responsibility for those 
salesman at all. 

3511
02:39:42,440 --> 02:39:46,240
Their only responsibility in 
their mind is to feed their 

3512
02:39:46,240 --> 02:39:48,120
family. 
And So what they're going to do 

3513
02:39:48,120 --> 02:39:51,040
is sell you the most garbage 
product that they can sell you 

3514
02:39:51,320 --> 02:39:54,000
and claim it to be a better 
product than it than the 

3515
02:39:54,000 --> 02:39:59,280
traditional bullion route. 
And I, I spent, so I've spent, I

3516
02:39:59,280 --> 02:40:00,760
mean, I don't know, hundreds of 
hours. 

3517
02:40:00,760 --> 02:40:04,440
I have a whole model built out 
that it shows exactly how and I,

3518
02:40:04,440 --> 02:40:07,680
I'd love to share it with your 
friend that shows exactly how 

3519
02:40:07,680 --> 02:40:12,560
mathematically the premium coins
never, like really are never a 

3520
02:40:12,560 --> 02:40:16,320
better, are never a better asset
to invest in. 

3521
02:40:16,520 --> 02:40:20,560
There is a point, OK, there is a
point that if the market moves 

3522
02:40:20,560 --> 02:40:24,720
like 2, I think it's like 250% 
that it would be a better asset.

3523
02:40:24,960 --> 02:40:28,200
If, if if if the company would 
actually. 

3524
02:40:28,880 --> 02:40:30,920
Buy back the coin at the bid 
price. 

3525
02:40:31,160 --> 02:40:34,320
But they don't because they 
manipulate the spread. 

3526
02:40:34,520 --> 02:40:37,840
So you, you might think you, you
would look at this graph to go, 

3527
02:40:37,840 --> 02:40:39,880
Oh, well, look, there's that, 
there's that point where it 

3528
02:40:39,880 --> 02:40:44,160
starts taking off above bullion.
It's like, yes, if they weren't 

3529
02:40:44,160 --> 02:40:47,120
able to manipulate the price, 
which is what they do, they're 

3530
02:40:47,120 --> 02:40:50,240
going to tell you everything 
that they can tell you to get 

3531
02:40:50,240 --> 02:40:53,800
you to keep your coins. 
They don't want to buy $500,000 

3532
02:40:53,800 --> 02:40:56,120
worth of coins that they have to
resell because they buy it at 

3533
02:40:56,120 --> 02:40:57,680
the bid. 
They're going to resell it to 

3534
02:40:57,680 --> 02:40:59,840
the next client. 
But now they're margin shrinks. 

3535
02:41:00,120 --> 02:41:04,600
Why would I sell something at a 
30% margin, the same coins at a 

3536
02:41:04,600 --> 02:41:08,720
30% margin to my next client 
when I can sell it at 110% 

3537
02:41:08,720 --> 02:41:10,120
margin? 
It just, it just doesn't make 

3538
02:41:10,120 --> 02:41:12,000
sense. 
In fact, Isaac and I got into 

3539
02:41:12,120 --> 02:41:17,040
this debate and I was so he says
you don't make money on the 

3540
02:41:17,040 --> 02:41:19,880
reselling of the premium coins. 
And I disagreed. 

3541
02:41:20,040 --> 02:41:22,800
I said you, you make money. 
You do make money. 

3542
02:41:22,800 --> 02:41:25,640
I did the whole, I did all the 
math, the Commission, the 

3543
02:41:25,640 --> 02:41:27,640
Commission still gets paid. 
Everyone gets paid. 

3544
02:41:27,840 --> 02:41:30,560
You make about 5%, you make 
about the bullion margin. 

3545
02:41:30,560 --> 02:41:32,320
By the time you've done paying 
Commission and everything else, 

3546
02:41:32,320 --> 02:41:36,840
you're afraid to spread. 
His argument was you don't make 

3547
02:41:36,880 --> 02:41:40,040
as much money. 
I said no, you don't make as you

3548
02:41:40,040 --> 02:41:43,200
lose. 
You lose margin, but you don't 

3549
02:41:43,200 --> 02:41:46,400
lose dollars. 
You already made the profit. 

3550
02:41:46,560 --> 02:41:50,720
You're still making a profit. 
So yes, you lose, lose margin, 

3551
02:41:50,760 --> 02:41:54,160
but you don't lose dollars. 
He's like, no, no, no, you lose 

3552
02:41:54,160 --> 02:41:55,520
money. 
I'm like, no, no, no, you don't.

3553
02:41:55,520 --> 02:41:57,480
You just lose margin. 
So he and I went back and 

3554
02:41:57,480 --> 02:41:59,640
forward on this. 
And I don't remember what 

3555
02:41:59,640 --> 02:42:01,960
spurred that. 
It was something to do with not 

3556
02:42:01,960 --> 02:42:04,400
manipulating the bid. 
It was some conversation we were

3557
02:42:04,400 --> 02:42:06,000
having. 
And it was, this was, I think 

3558
02:42:06,000 --> 02:42:09,240
this was before even that call 
with him where he asked me to 

3559
02:42:09,240 --> 02:42:14,400
manipulate, manipulate the bid. 
And, and, but why? 

3560
02:42:14,400 --> 02:42:19,600
But again, he's right in that 
why would I only make 5% when I 

3561
02:42:19,600 --> 02:42:22,880
can make 20, right? 
So I don't want you to sell your

3562
02:42:22,880 --> 02:42:25,400
coins back to me. 
I don't want you. 

3563
02:42:25,400 --> 02:42:27,320
So they'll tell you keep your 
coins. 

3564
02:42:27,480 --> 02:42:28,880
So this is a way better 
investment. 

3565
02:42:28,880 --> 02:42:30,920
You just have to hold them for 
like 7 to 10 years. 

3566
02:42:30,920 --> 02:42:33,920
It used to be 5 to 7. 
And then he realized, oh, that 

3567
02:42:33,920 --> 02:42:36,400
turnover is too quick. 
And then he changed the script 

3568
02:42:36,400 --> 02:42:39,000
to 7 to 10. 
So you can tell the sales guys, 

3569
02:42:39,000 --> 02:42:40,680
hey, you need to tell them 7 to 
10 years. 

3570
02:42:40,880 --> 02:42:42,240
Well, now we're at the 10 year 
mark. 

3571
02:42:42,280 --> 02:42:44,080
I just realized we're at the 10 
year mark now. 

3572
02:42:44,320 --> 02:42:47,920
And so now you have customers, 
you have gold is up again, 300%.

3573
02:42:48,960 --> 02:42:53,760
So 3X Silva's up 2 1/2, two and 
1/4 times from 2016 in January 

3574
02:42:53,760 --> 02:42:56,280
2016. 
So you're now at that point 

3575
02:42:56,280 --> 02:42:59,520
where people are going to come 
and be like, my, my gold spot is

3576
02:42:59,520 --> 02:43:01,840
tripled, my silver is more than 
doubled. 

3577
02:43:01,840 --> 02:43:03,720
And then they're going to come 
back and sell. 

3578
02:43:03,800 --> 02:43:07,880
You can't tell them that you're 
that you're only going to give 

3579
02:43:07,880 --> 02:43:11,480
them 50% of what the trip the 
the spot is. 

3580
02:43:11,560 --> 02:43:14,920
So like what I mean by that is 
I'm going to get it going to 

3581
02:43:14,920 --> 02:43:19,600
give you 50% of the gains that 
the market has seen. 

3582
02:43:19,600 --> 02:43:22,360
So the it's tripled, right? 
So I'm going to get instead of 

3583
02:43:22,520 --> 02:43:25,280
$3000 spot, I'm going to give 
you $2000 spot because they're 

3584
02:43:25,280 --> 02:43:26,560
going to go, but hold on a 
second. 

3585
02:43:26,920 --> 02:43:29,800
My spot is it's about 3000 
bucks. 

3586
02:43:29,800 --> 02:43:31,520
What? 
This doesn't make sense. 

3587
02:43:31,720 --> 02:43:33,440
Right, right. 
How can my how can my asset be 

3588
02:43:33,440 --> 02:43:35,920
worth less than the general 
market based on what I paid for 

3589
02:43:35,920 --> 02:43:37,320
it? 
And that's when the game is up. 

3590
02:43:37,480 --> 02:43:39,800
And that's when the game is up. 
And so the. 

3591
02:43:40,240 --> 02:43:42,560
How do these sales guys live, by
the way, making this kind of 

3592
02:43:42,560 --> 02:43:44,040
money? 
How do they are they, are they 

3593
02:43:44,040 --> 02:43:46,160
spending a bunch of money? 
Do you see frugal guys that know

3594
02:43:46,160 --> 02:43:46,640
Oh. 
Yeah. 

3595
02:43:46,720 --> 02:43:50,240
Oh yeah, So interestingly so 
like what cars? 

3596
02:43:50,240 --> 02:43:51,920
The parking. 
Lot in in Culver City. 

3597
02:43:52,080 --> 02:43:55,560
Yeah, it varies. 
It varies person to person. 

3598
02:43:57,200 --> 02:44:01,720
So Shade lived in a very nice 
when I met him, he lived in a 

3599
02:44:01,880 --> 02:44:05,920
this big condo within like this 
very exclusive community within 

3600
02:44:05,920 --> 02:44:10,280
LA and like the around Santa 
Monica area. 

3601
02:44:11,440 --> 02:44:13,960
Isaac again, Isaac was not a 
material person. 

3602
02:44:13,960 --> 02:44:17,840
So his house was actually it was
kind of a dated house in Santa 

3603
02:44:17,840 --> 02:44:21,160
Monica prime, prime real estate.
I mean, it was 10 minutes walk 

3604
02:44:21,160 --> 02:44:22,600
from the beach. 
I mean, it was, it was in a 

3605
02:44:22,600 --> 02:44:27,960
beautiful area, smaller place, 
probably only about 2000 square 

3606
02:44:27,960 --> 02:44:32,360
feet, 2500 square feet, multi 
level, but needed work and 

3607
02:44:32,360 --> 02:44:34,200
needed to be updated. 
In my opinion, need to be 

3608
02:44:34,200 --> 02:44:35,360
updated. 
But he didn't care. 

3609
02:44:36,000 --> 02:44:38,360
It's like he's not a material 
person, so he doesn't care that 

3610
02:44:38,360 --> 02:44:39,920
it's not updated. 
He doesn't care about any of 

3611
02:44:39,920 --> 02:44:41,240
that. 
Like a cupboard's just a 

3612
02:44:41,240 --> 02:44:42,880
cupboard. 
He doesn't care what is hanging 

3613
02:44:42,880 --> 02:44:45,920
on the front of his cupboard to 
to hold his glasses, right? 

3614
02:44:45,920 --> 02:44:47,720
He's not that way at all. 
Was he married? 

3615
02:44:48,600 --> 02:44:50,080
So he did end up getting 
married. 

3616
02:44:51,080 --> 02:44:52,400
So that's kind of an interesting
story. 

3617
02:44:53,000 --> 02:44:57,840
He so he was engaged to be 
married and they were doing the 

3618
02:44:57,840 --> 02:45:02,440
bachelor party and I think his, 
his wife had left to go to The 

3619
02:45:02,440 --> 02:45:05,720
Bachelorette party with her 
friends and he had decided that 

3620
02:45:05,720 --> 02:45:08,000
he and the boys from Augusta 
were going to go to the strip 

3621
02:45:08,000 --> 02:45:11,080
club. 
And so they do, they go to the 

3622
02:45:11,080 --> 02:45:12,200
street. 
What he tells his wife, we're 

3623
02:45:12,200 --> 02:45:13,520
going to go to the strip club, 
whatever. 

3624
02:45:13,720 --> 02:45:17,120
And then, and I find this out of
the fact. 

3625
02:45:17,120 --> 02:45:19,240
So I'm telling you this story as
though I lived through. 

3626
02:45:19,240 --> 02:45:20,480
I didn't, I didn't go to the 
strip club. 

3627
02:45:20,800 --> 02:45:22,800
I did not go to the strip club. 
I wasn't even there. 

3628
02:45:23,040 --> 02:45:27,120
So then Monday rolls around and 
I'm trying to get ahold of 

3629
02:45:27,120 --> 02:45:28,520
Isaac. 
Couldn't get ahold of Isaac. 

3630
02:45:29,240 --> 02:45:30,720
Tuesday rolls around. 
Couldn't get a hold of Isaac. 

3631
02:45:30,880 --> 02:45:33,880
So now I'm like calling shade 
and I'm like shade, Where's 

3632
02:45:33,880 --> 02:45:34,880
Isaac? 
He has no idea. 

3633
02:45:35,000 --> 02:45:37,560
No one's seen or heard from him.
Everyone's like what is going 

3634
02:45:37,560 --> 02:45:40,120
on? 
So the story was he had told his

3635
02:45:40,120 --> 02:45:42,440
wife they were going to go to 
the strip club, but they ended 

3636
02:45:42,440 --> 02:45:46,480
up being online like a 48 hour 
bin binger like Isaac and some 

3637
02:45:46,480 --> 02:45:50,720
of the guys from Augusta. 
And they went to the strip club 

3638
02:45:50,720 --> 02:45:53,720
not only once but twice 
back-to-back on two days. 

3639
02:45:53,800 --> 02:45:56,080
And he didn't tell his wife 
about the second time. 

3640
02:45:56,240 --> 02:45:59,440
So she obviously gets upset and 
so on. 

3641
02:45:59,440 --> 02:46:01,880
So she comes back from her 
thing, finds this whole thing. 

3642
02:46:01,880 --> 02:46:04,160
I don't know if someone posts on
Facebook or whatever, she 

3643
02:46:04,160 --> 02:46:06,560
somehow finds out she takes off 
to Hawaii. 

3644
02:46:06,560 --> 02:46:08,880
They don't even cancels the 
wedding, tells the whole family 

3645
02:46:08,880 --> 02:46:10,640
everything that happened, 
cancels the wedding. 

3646
02:46:10,840 --> 02:46:16,960
So he flies to Hawaii after her 
and I hear from him, I'm like 

3647
02:46:16,960 --> 02:46:21,120
Wednesday and he calls me on 
Skype and he's in like this like

3648
02:46:21,120 --> 02:46:23,280
nice condo or something in the 
background. 

3649
02:46:23,280 --> 02:46:24,760
And I'm like, he's like, where 
are you? 

3650
02:46:25,080 --> 02:46:27,400
I'm like, where have you been? 
And he's like, that's a long 

3651
02:46:27,400 --> 02:46:28,680
story. 
I'm like, well, where are you? 

3652
02:46:28,680 --> 02:46:31,120
He's like, I'm in Hawaii and I'm
like, what? 

3653
02:46:31,120 --> 02:46:33,240
He's So he ends up telling me 
the story. 

3654
02:46:33,480 --> 02:46:36,360
And so I'm like, Oh, I was like,
did you buy a laptop? 

3655
02:46:36,440 --> 02:46:39,080
He's like, no, he, he just for 
whatever reason, doesn't like 

3656
02:46:39,080 --> 02:46:40,720
laptop. 
So he, he went out. 

3657
02:46:40,720 --> 02:46:42,560
This is the kind of FU money 
they have. 

3658
02:46:42,840 --> 02:46:45,360
He went out, he bought a Mac 
like a brand new iMac. 

3659
02:46:45,520 --> 02:46:47,520
He took it, he used it and he 
just left it there. 

3660
02:46:47,720 --> 02:46:49,280
Didn't I was like, why don't you
ship it home? 

3661
02:46:49,280 --> 02:46:52,120
He's like, I don't want to deal 
with it, $3000 iMac brand new 

3662
02:46:52,400 --> 02:46:55,440
just left it there. 
Just to give a couple calls. 

3663
02:46:55,440 --> 02:46:58,240
So he, so he could do a few 
hours of work, but in that few 

3664
02:46:58,240 --> 02:47:00,440
hours of work he's going to make
10s of thousands of dollars. 

3665
02:47:00,440 --> 02:47:03,080
What does it matter, right? 
He just needs it to be able to 

3666
02:47:03,080 --> 02:47:05,600
pull up people's sales tickets 
so he can call some folks and 

3667
02:47:05,600 --> 02:47:07,760
close some deals or whatever it 
was he was working on. 

3668
02:47:08,040 --> 02:47:10,880
So, so then that ends up getting
resolved. 

3669
02:47:10,880 --> 02:47:13,440
And then she wanted to buy an 
actual house, her own house and 

3670
02:47:13,440 --> 02:47:15,200
so on. 
So he does end up buying a multi

3671
02:47:15,200 --> 02:47:18,800
$1,000,000 house. 
And in fact, he, they just had 

3672
02:47:18,800 --> 02:47:20,600
their son. 
The last time I saw him, it was 

3673
02:47:20,600 --> 02:47:22,040
super awkward. 
I went down there. 

3674
02:47:22,320 --> 02:47:24,600
I don't remember what I went 
down there for, but just had his

3675
02:47:24,600 --> 02:47:27,480
son and that I go into his house
and it was very awkward because 

3676
02:47:27,480 --> 02:47:30,920
I'm in the background at this 
point working on working with 

3677
02:47:30,920 --> 02:47:33,240
the attorneys and so on. 
So I'm going there and I'm not 

3678
02:47:33,240 --> 02:47:35,680
like I'm not a great liar. 
I don't like I can't stand in 

3679
02:47:35,680 --> 02:47:38,160
front of someone's face that I'm
backstabbing essentially, right.

3680
02:47:38,240 --> 02:47:40,800
So even though it wasn't really 
backstabbing, it felt that way 

3681
02:47:40,800 --> 02:47:42,760
to me. 
So I'm in his house and he's 

3682
02:47:42,840 --> 02:47:44,560
like, oh, introducing me. 
He was kid. 

3683
02:47:44,560 --> 02:47:47,560
And I'm like, oh Lord, this is 
so like, like I was like, Get Me

3684
02:47:47,560 --> 02:47:49,840
Out of here. 
Beautiful house overseeing Lai 

3685
02:47:49,840 --> 02:47:54,760
mean multi $1,000,000 house. 
And just that's this big ass, 

3686
02:47:54,920 --> 02:47:57,760
big, big ass house that most of 
America couldn't afford. 

3687
02:47:57,760 --> 02:47:59,920
Most of the people who are 
investing in these assets 

3688
02:47:59,920 --> 02:48:02,280
couldn't afford and. 
And it all comes from 

3689
02:48:02,280 --> 02:48:03,480
somebody's. 
It's blood money. 

3690
02:48:03,520 --> 02:48:07,040
Is yes and it and it it is all 
coming from the people who 

3691
02:48:07,040 --> 02:48:09,880
couldn't afford to live that way
are the ones who are funnel 

3692
02:48:09,880 --> 02:48:12,320
funding this lifestyle. 
And he still drove. 

3693
02:48:12,360 --> 02:48:14,720
He ended up gonna get a little 
nicer of a car before I left, 

3694
02:48:14,720 --> 02:48:16,800
but it wasn't like he didn't do 
like a huge upgrade. 

3695
02:48:17,200 --> 02:48:20,400
So there is one more element to 
this I think we should probably 

3696
02:48:20,400 --> 02:48:23,560
talk about before we wrap up. 
So there was, there's this area 

3697
02:48:23,560 --> 02:48:26,280
of, of the gold industry. 
So we talked about like this is 

3698
02:48:26,280 --> 02:48:28,880
in your IRA and this is in your 
IRA and so on. 

3699
02:48:28,880 --> 02:48:32,600
So when Isaac first started 
Augusta, it's very hard to break

3700
02:48:32,600 --> 02:48:35,120
into this market as a new 
company, OK, because you've got 

3701
02:48:35,120 --> 02:48:37,680
other established companies. 
So this even within the segment 

3702
02:48:37,680 --> 02:48:39,120
of the market, it's very, very 
hard. 

3703
02:48:39,280 --> 02:48:45,200
So Isaac was looking for ways to
bring a new, bring new life to 

3704
02:48:45,200 --> 02:48:50,120
this to the industry to, to 
bring new to, to bring new, a 

3705
02:48:50,120 --> 02:48:52,680
new marketing scheme really is 
what it came down to. 

3706
02:48:53,840 --> 02:48:57,760
And so there is this thing 
called a self-directed IRA, 

3707
02:48:58,320 --> 02:49:02,760
self-directed IRA LLC Isaac is 
the one who coined this in the, 

3708
02:49:03,040 --> 02:49:06,200
the gold industry. 
He is the one who started the 

3709
02:49:06,200 --> 02:49:09,600
home delivery gold IRA. 
OK, so we talked a little bit 

3710
02:49:09,600 --> 02:49:13,240
about how you cannot take 
physical control of your assets 

3711
02:49:13,240 --> 02:49:15,760
because it's not legal. 
And, and, and a large part of 

3712
02:49:15,760 --> 02:49:17,760
that, and I know I said I 
wouldn't get into it, but really

3713
02:49:17,760 --> 02:49:21,160
the big thing if, if anything 
that you remember is because if 

3714
02:49:21,160 --> 02:49:23,440
you take physical control of 
your assets, you could go sell 

3715
02:49:23,440 --> 02:49:25,600
those assets, assets and then 
claim that you still have them. 

3716
02:49:25,600 --> 02:49:28,760
So the IRS thinks that you still
have your assets when you really

3717
02:49:28,800 --> 02:49:31,000
in fact don't. 
And you should have been taxed 

3718
02:49:31,000 --> 02:49:32,560
on them like a distribution from
your IRA. 

3719
02:49:32,680 --> 02:49:35,000
That's the fundamental reason. 
There's other reasons, but 

3720
02:49:35,000 --> 02:49:36,920
that's a fundamental 1. 
Essentially, you could you could

3721
02:49:36,920 --> 02:49:38,880
liquidate and nobody would be 
able to keep track of it. 

3722
02:49:39,000 --> 02:49:40,480
Yeah. 
Or take a loan out against them,

3723
02:49:40,480 --> 02:49:42,600
things that you ought not be 
doing against your IRA. 

3724
02:49:42,880 --> 02:49:48,320
So most people, some people 
watching might be familiar with 

3725
02:49:48,320 --> 02:49:50,880
like a self-directed IRA LLC for
real estate, right? 

3726
02:49:50,880 --> 02:49:54,480
Like these things exist, same 
principle, but applied to gold. 

3727
02:49:54,680 --> 02:50:00,240
And so the, the, the way that he
did this is he took the 

3728
02:50:00,240 --> 02:50:03,480
self-directed IRA principle and 
then he needed to build 

3729
02:50:03,480 --> 02:50:06,000
credibility that this could be 
done because like what I decided

3730
02:50:06,000 --> 02:50:08,200
to you and in the Internal 
Revenue Code, this cannot be 

3731
02:50:08,200 --> 02:50:10,120
done. 
So the question kept coming up, 

3732
02:50:10,320 --> 02:50:13,040
this is, is this legal? 
My guy says this isn't like, no,

3733
02:50:13,040 --> 02:50:16,240
it's absolutely legal. 
You just go to a bank and you 

3734
02:50:16,240 --> 02:50:21,560
hold the, the gold and silver in
the bank at the bank at a safety

3735
02:50:21,560 --> 02:50:24,480
deposit box, rent a safety 
deposit box at the at the bank. 

3736
02:50:24,600 --> 02:50:28,000
And that way it's illegal 
because you're not in physical 

3737
02:50:28,000 --> 02:50:29,120
possession. 
It's at the bank. 

3738
02:50:29,120 --> 02:50:30,880
But the problem is you still 
have access. 

3739
02:50:30,880 --> 02:50:33,880
So it's still not illegal. 
So he would tell this is like a 

3740
02:50:33,880 --> 02:50:36,600
Gray area. 
I think the, I, I think the case

3741
02:50:36,600 --> 02:50:39,160
law is pretty clear on this 
regard, but I'm not an attorney.

3742
02:50:39,320 --> 02:50:41,640
But regardless, this was his 
end. 

3743
02:50:41,640 --> 02:50:46,440
This blew Augusta up and he 
started marketing the home 

3744
02:50:46,440 --> 02:50:53,000
delivery called IRAHDIRHDGIRA 
was what was on our ticket and 

3745
02:50:53,000 --> 02:50:56,240
he had a list of endorsements 
from attorneys. 

3746
02:50:56,240 --> 02:50:59,000
OK, so remember I told you he 
had that beater beater car. 

3747
02:50:59,160 --> 02:51:02,360
So we're I fly down to LA, we 
have this meeting with his 

3748
02:51:02,360 --> 02:51:07,840
attorney and we drive, I don't, 
I don't know LA that well. 

3749
02:51:07,840 --> 02:51:10,480
I was like, I went there, but I 
was always in Santa Monica or 

3750
02:51:10,480 --> 02:51:11,840
whatever. 
So I never, you know, So we're 

3751
02:51:11,840 --> 02:51:14,680
driving through this area, dude.
And I go to tell you, man, I was

3752
02:51:14,680 --> 02:51:16,440
thankful we're in a beater 
because if we were in a nicer 

3753
02:51:16,440 --> 02:51:18,240
car, we would have been 
carjacked for sure. 

3754
02:51:18,240 --> 02:51:21,800
We were in, we were in the hood 
and I, and I'm like looking at 

3755
02:51:21,800 --> 02:51:23,120
him. 
I'm crapping bricks. 

3756
02:51:23,120 --> 02:51:25,320
I'm like, yo, where are we? 
And he's like, he's like, we're,

3757
02:51:25,360 --> 02:51:26,920
we're fine. 
He's just like, just be chill. 

3758
02:51:27,040 --> 02:51:28,320
We're fine. 
So we're driving through this 

3759
02:51:28,320 --> 02:51:31,320
park area and there's just gang 
bangers everywhere like crazy. 

3760
02:51:31,440 --> 02:51:34,680
And I'm bricking it. 
And then we, we finally get out 

3761
02:51:34,680 --> 02:51:38,280
the other side of this car and 
we're in this little area of LA 

3762
02:51:38,280 --> 02:51:40,160
in this restaurant that no one's
in. 

3763
02:51:40,360 --> 02:51:42,600
That's like something out of out
of obvious scene. 

3764
02:51:42,680 --> 02:51:45,280
We're meeting this attorney, a 
little bit of attorney and we're

3765
02:51:45,280 --> 02:51:48,360
meeting this attorney and the 
attorney had asked to meet in 

3766
02:51:48,360 --> 02:51:53,000
person because Isaac wanted him 
to give a favorable position, 

3767
02:51:53,120 --> 02:51:55,520
written position on the home 
delivery goal IRA. 

3768
02:51:56,040 --> 02:51:58,640
Right. 
And we go in there and this 

3769
02:51:58,640 --> 02:52:01,920
attorney was like kind of an 
older balding guy, little, 

3770
02:52:02,080 --> 02:52:05,120
little robust. 
And he had an assistant with him

3771
02:52:05,640 --> 02:52:10,040
and the attorney dude was 
sweating like he was like, I 

3772
02:52:10,040 --> 02:52:11,440
don't know why he felt 
intimidated. 

3773
02:52:11,440 --> 02:52:13,960
I'm like, this is weird. 
Like I, it was like super weird.

3774
02:52:14,280 --> 02:52:16,160
I'm like, this is weird. 
And so I don't know what 

3775
02:52:16,160 --> 02:52:19,440
conversations Isaac and he had 
had on the phone or whatever, 

3776
02:52:19,440 --> 02:52:21,320
right? 
So I'm in there and he's like 

3777
02:52:21,560 --> 02:52:25,160
the attorney's super nervous and
the his assistant or like or 

3778
02:52:25,560 --> 02:52:26,800
maybe another attorney or 
something. 

3779
02:52:26,800 --> 02:52:29,520
I don't know what he was 
paralegal maybe is sitting there

3780
02:52:29,800 --> 02:52:33,000
and the paralegal does all the 
talk and he's like, so we're 

3781
02:52:33,000 --> 02:52:35,280
engaging with this guy. 
We order food, we're talking to 

3782
02:52:35,280 --> 02:52:36,880
the attorney and then the 
attorney's like, well, do you 

3783
02:52:36,880 --> 02:52:38,240
want to let him know what we 
found? 

3784
02:52:38,360 --> 02:52:40,080
It's like, well, you're the 
attorney. 

3785
02:52:40,080 --> 02:52:41,160
Why don't you let us know what 
you found? 

3786
02:52:41,280 --> 02:52:43,640
And then he's this guy's just 
like, so it's weird, bro. 

3787
02:52:43,640 --> 02:52:46,720
He's like sweating. 
And it's like like he was like 

3788
02:52:46,720 --> 02:52:48,200
he felt he was going to get shot
or something. 

3789
02:52:48,200 --> 02:52:52,200
It was so weird. 
And so he's like, he goes, well,

3790
02:52:52,360 --> 02:52:54,520
you know, the guy is going on 
and on. 

3791
02:52:54,520 --> 02:52:56,880
And I finally just like he was 
like tricking a drink. 

3792
02:52:56,880 --> 02:52:59,440
He puts his class and he goes, 
well, you just get to the point.

3793
02:52:59,720 --> 02:53:02,640
And I'd never seen like Isaac be
like, he's a pretty pointed guy.

3794
02:53:02,640 --> 02:53:05,280
He just like wants the 
information, but he's just like,

3795
02:53:05,480 --> 02:53:06,880
what's his glass? 
And he's like just get to the 

3796
02:53:06,880 --> 02:53:08,200
point. 
And they're like, we don't like 

3797
02:53:08,200 --> 02:53:10,560
in our we're not going to write 
you an opinion letter because we

3798
02:53:10,560 --> 02:53:11,760
don't believe that this is 
legal. 

3799
02:53:13,000 --> 02:53:16,600
And Isaac says, OK, fair enough.
He goes, send me your bill. 

3800
02:53:16,960 --> 02:53:18,880
Don't send me anything else, 
thank you. 

3801
02:53:19,120 --> 02:53:21,320
Just dismisses him. 
It was super weird. 

3802
02:53:21,560 --> 02:53:24,600
And so they leave. 
And then Isaac starts laughing. 

3803
02:53:24,600 --> 02:53:26,600
And I'm like, I was like, dude, 
that was weird. 

3804
02:53:26,600 --> 02:53:29,240
He goes, He goes, yeah, he goes,
he goes, that's whatever. 

3805
02:53:29,280 --> 02:53:32,440
He's like, it is what it is. 
And I said he said, yeah, that 

3806
02:53:32,440 --> 02:53:33,960
he's like that kid just like, 
rambled. 

3807
02:53:34,040 --> 02:53:36,080
And I'm like, dude, they seemed 
super nervous. 

3808
02:53:36,080 --> 02:53:37,760
Like, what's the deal? 
And he's like, he's like, I 

3809
02:53:37,760 --> 02:53:39,880
don't know, but it had to have 
been something leading up to 

3810
02:53:39,880 --> 02:53:43,120
that had to have obviously taken
place right between them. 

3811
02:53:43,320 --> 02:53:46,320
That guy was that nervous. 
And I never reached out to him 

3812
02:53:46,320 --> 02:53:49,360
to ask, but it would be super 
interesting to find out then. 

3813
02:53:49,640 --> 02:53:52,000
So this guy, that was the first 
attorney that we engaged with. 

3814
02:53:52,080 --> 02:53:58,440
So then Isaac goes to none other
than Elance slash Upwork where 

3815
02:53:58,440 --> 02:54:02,880
he found B, and he posts for 
attorneys on there like, hey, I 

3816
02:54:02,880 --> 02:54:06,240
want you to do this. 
And then he drafts, he gets an 

3817
02:54:06,240 --> 02:54:09,640
attorney to draft an opinion 
letter that says the home 

3818
02:54:09,640 --> 02:54:12,000
delivery gold IRA is great and 
all this other stuff. 

3819
02:54:12,760 --> 02:54:18,120
And he pays the guy like $2500 
and he says we want to use this 

3820
02:54:18,120 --> 02:54:19,160
for marketing. 
Is that OK? 

3821
02:54:19,160 --> 02:54:22,200
Guy says sure, it's fine. 
And then what he does is he 

3822
02:54:22,200 --> 02:54:25,880
takes the letter that the 
original that one guy had 

3823
02:54:25,880 --> 02:54:29,800
drafted and he starts reaching 
out. 

3824
02:54:29,840 --> 02:54:33,680
He like goes to Google and he 
finds like, like attorneys that 

3825
02:54:33,680 --> 02:54:36,480
have a firm name that's just 
their name, like, you know, it 

3826
02:54:36,480 --> 02:54:39,400
would be like Kyle Seraphim, 
PLLC, whatever. 

3827
02:54:40,240 --> 02:54:44,240
And he start like with 0 Google 
reviews and he starts reaching 

3828
02:54:44,240 --> 02:54:49,600
out to these attorneys and 
paying them $2500 a pop if they 

3829
02:54:49,600 --> 02:54:52,880
would just take what he had 
written, rewrite it, what the 

3830
02:54:52,880 --> 02:54:56,480
original rewrite it in like 
their words, sign off on it and 

3831
02:54:56,480 --> 02:54:58,360
then let us use it. 
You pay them 2500 bucks. 

3832
02:54:58,360 --> 02:55:00,200
And then I asked him, I'm like, 
where are you finding these 

3833
02:55:00,200 --> 02:55:01,880
guys? 
So he tells me and he and I'm 

3834
02:55:01,880 --> 02:55:03,520
like, well, like what? 
What's the logic? 

3835
02:55:03,520 --> 02:55:04,640
Like why, why are you doing 
that? 

3836
02:55:04,640 --> 02:55:07,000
And he's like, these guys are 
hungry man. 

3837
02:55:07,000 --> 02:55:08,320
They need work. 
They need work. 

3838
02:55:08,560 --> 02:55:10,400
They don't, they don't, they 
don't have a big firm, they 

3839
02:55:10,400 --> 02:55:12,160
don't work on a big firm. 
They're not getting a steady 

3840
02:55:12,160 --> 02:55:15,520
paycheck. 
So $2500 for them to rewrite a 

3841
02:55:16,440 --> 02:55:18,880
an opinion letter that Isaac can
post on the website. 

3842
02:55:18,920 --> 02:55:21,160
What do they care? 
Right has no legal weight and 

3843
02:55:21,160 --> 02:55:23,320
they're not going to burn any 
reputation anybody cares about. 

3844
02:55:23,720 --> 02:55:27,240
Exactly. 
So we ended up having like 5 to 

3845
02:55:27,240 --> 02:55:31,400
7 maybe of these things and he 
was using them for marketing 

3846
02:55:31,400 --> 02:55:32,840
purposes for the home delivery 
goal, that area. 

3847
02:55:33,000 --> 02:55:36,080
So that whole thing, that whole 
that it was a charade, the whole

3848
02:55:36,080 --> 02:55:41,120
thing in my opinion wasn't legal
in my opinion, should never have

3849
02:55:41,120 --> 02:55:43,520
been done. 
But what ended up happening is 

3850
02:55:43,520 --> 02:55:48,160
he started forcing the hand of 
all of these other companies to 

3851
02:55:48,160 --> 02:55:51,680
start selling the home delivery 
gold IRA because people. 

3852
02:55:51,680 --> 02:55:54,800
Are asking for it. 
Exactly, People were calling 

3853
02:55:54,800 --> 02:55:59,720
saying I don't want my assets at
a depository I want them at my 

3854
02:55:59,880 --> 02:56:01,840
and so some of these guys are 
pushing my like this isn't 

3855
02:56:01,840 --> 02:56:04,720
legal. 
But eventually no one cared 

3856
02:56:04,880 --> 02:56:09,120
because the most of us don't 
like the IRS, right? 

3857
02:56:09,120 --> 02:56:11,440
Like most of us don't like that 
I'm I'm the a tax company. 

3858
02:56:11,480 --> 02:56:12,840
Most of us don't like the IRS. 
We. 

3859
02:56:12,840 --> 02:56:15,240
They're already doing scams. 
They're already scamming people.

3860
02:56:15,480 --> 02:56:17,480
Isn't that the way the devil 
gets in the door anyway? 

3861
02:56:17,640 --> 02:56:18,920
Yeah. 
Finds you at a a moment when 

3862
02:56:18,920 --> 02:56:21,520
you're low and and asks you to 
trade your credibility for 

3863
02:56:21,520 --> 02:56:22,520
something you think you need. 
Right? 

3864
02:56:22,520 --> 02:56:23,120
Right. 
Right now. 

3865
02:56:23,240 --> 02:56:25,960
But but the people that were 
being forced into doing it were 

3866
02:56:25,960 --> 02:56:29,040
the other companies that were 
already selling the premium I. 

3867
02:56:29,040 --> 02:56:30,840
Get it? 
I mean, it's, it's brilliant 

3868
02:56:30,840 --> 02:56:33,160
when you when you talk about 
leveraging something, it's like 

3869
02:56:33,160 --> 02:56:35,040
I'm offering something that no 
one else did. 

3870
02:56:35,120 --> 02:56:37,120
I've thought of a new twist on 
the old scam. 

3871
02:56:37,480 --> 02:56:39,680
You want to be with it, you 
better be with the new scam. 

3872
02:56:39,840 --> 02:56:43,120
He changed the market that he 
wanted to break into and made 

3873
02:56:43,120 --> 02:56:46,560
himself the preeminent version 
of an already illegitimate thing

3874
02:56:46,760 --> 02:56:48,320
that people thought was 
legitimate for some reason, 

3875
02:56:48,320 --> 02:56:50,480
because they already paid for 
all the credibility on Fox and 

3876
02:56:50,480 --> 02:56:51,320
everywhere else. 
Yep. 

3877
02:56:51,600 --> 02:56:54,120
And then what ended up happening
was it started getting some 

3878
02:56:54,120 --> 02:56:57,160
traction. 
I don't know who someone picked 

3879
02:56:57,160 --> 02:56:58,840
it up. 
Like one of the more mainstream 

3880
02:56:58,840 --> 02:57:03,560
gold gold guys had picked it up 
and had said like, hey, I don't 

3881
02:57:03,560 --> 02:57:05,840
think this is the kosher and it 
started getting some traction. 

3882
02:57:05,840 --> 02:57:07,600
So he killed. 
So he killed it, I think just 

3883
02:57:07,600 --> 02:57:08,440
killed it dead. 
Boom. 

3884
02:57:08,600 --> 02:57:09,800
We're not. 
He was already in the door, and 

3885
02:57:09,800 --> 02:57:12,000
he had a name. 
And then what happened is so 

3886
02:57:12,120 --> 02:57:14,160
here was, so how do you 
incentivize this? 

3887
02:57:14,160 --> 02:57:18,440
OK, how do you tell your 
salesman to not sell a product 

3888
02:57:18,560 --> 02:57:21,600
that is yielding them the most 
money they've ever made in their

3889
02:57:21,600 --> 02:57:23,600
lives? 
So how do you introduce a 

3890
02:57:23,600 --> 02:57:28,120
product that's going to make 
them a ton of money and then 

3891
02:57:28,240 --> 02:57:30,560
take that away from them? 
So as you can imagine, the 

3892
02:57:30,560 --> 02:57:34,280
salesman were not happy. 
They were like, hey, like this 

3893
02:57:34,280 --> 02:57:36,560
is our bread and butter. 
So you know what Isaac did? 

3894
02:57:36,720 --> 02:57:39,480
He said we're not going to, 
we're going to phase this out 

3895
02:57:39,480 --> 02:57:42,560
over the next couple of months. 
He shifted the commissions. 

3896
02:57:42,640 --> 02:57:47,080
He says for the home delivery 
gold IRA, you guys are going to 

3897
02:57:47,080 --> 02:57:51,520
get paid 7%, but for a 
Traditional IRA, you guys are 

3898
02:57:51,520 --> 02:57:53,360
going to get paid 10%. 
Yep. 

3899
02:57:53,840 --> 02:57:57,760
So guess what the guys did, They
stopped crying and they started 

3900
02:57:57,760 --> 02:58:01,680
selling and they said, hey, 
yeah, we we're phasing them out.

3901
02:58:01,680 --> 02:58:04,360
We don't, we just, you know, I 
don't who knows what excuses 

3902
02:58:04,360 --> 02:58:05,840
they made. 
We're not doing them anymore, 

3903
02:58:06,640 --> 02:58:08,960
but you should just go a 
Traditional IRA route. 

3904
02:58:08,960 --> 02:58:10,200
It's a lot less hassle. 
Whatever. 

3905
02:58:10,200 --> 02:58:12,160
Look, it's so easy to make that 
flip. 

3906
02:58:12,160 --> 02:58:14,960
Like I'm like I said, I, I 
worked in sales if you, if I had

3907
02:58:14,960 --> 02:58:17,120
to make this flip and, and 
thankfully I didn't ever do 

3908
02:58:17,120 --> 02:58:18,400
anything. 
I never cared about being 

3909
02:58:18,400 --> 02:58:20,200
unscrupulous because it just 
wasn't worth it to me. 

3910
02:58:20,280 --> 02:58:22,040
But it's real simple. 
It's like, yeah, we had people, 

3911
02:58:22,240 --> 02:58:24,520
they had negative experiences, 
they were being targeted. 

3912
02:58:24,520 --> 02:58:26,720
If the database gets hacked, 
they're the first person to get 

3913
02:58:26,720 --> 02:58:28,480
robbed. 
Everybody knows you've got your 

3914
02:58:28,480 --> 02:58:30,480
not your life savings accessible
to you. 

3915
02:58:30,480 --> 02:58:32,560
That makes you a target for 
hackers, scammers, blah, blah, 

3916
02:58:32,560 --> 02:58:34,240
blah. 
There's such an easy way to sell

3917
02:58:34,240 --> 02:58:37,160
that if you're not scrupulous on
why we're not, I'm not going to 

3918
02:58:37,160 --> 02:58:39,240
do the thing that's actually 
illegal without ever admitting 

3919
02:58:39,240 --> 02:58:41,880
culpability. 
And here's here's the sad thing.

3920
02:58:42,320 --> 02:58:45,080
You know, I used to sit, I never
use this against people, but I 

3921
02:58:45,080 --> 02:58:47,680
see the angle every single time.
I would have been a great con 

3922
02:58:47,680 --> 02:58:49,800
artist. 
Maybe that's why I could spot 

3923
02:58:49,800 --> 02:58:52,320
people that are full of it. 
But I'm just saying it's so easy

3924
02:58:52,320 --> 02:58:53,720
to do that. 
I could I could sell that all 

3925
02:58:53,720 --> 02:58:54,760
day long. 
It's just. 

3926
02:58:55,000 --> 02:58:57,400
Not well. 
And it's, it's like this, this 

3927
02:58:57,400 --> 02:59:01,000
is what I tell people say, you 
know, you know, it's, it's easy 

3928
02:59:01,000 --> 02:59:03,720
to do bad things. 
Being being good is difficult. 

3929
02:59:03,720 --> 02:59:05,840
Being bad is easy. 
It's like our default state is 

3930
02:59:05,840 --> 02:59:07,920
sin. 
Like we're born, like we're our 

3931
02:59:07,920 --> 02:59:11,160
default stand when we're born 
because we're fallen now is, is 

3932
02:59:11,160 --> 02:59:13,840
sin. 
So it's easy to do the the bad 

3933
02:59:13,840 --> 02:59:15,200
thing. 
It's hard to do the good thing. 

3934
02:59:15,200 --> 02:59:18,120
Like I said, even even me after 
like four or five years of doing

3935
02:59:18,120 --> 02:59:20,040
this, I just had that mental 
breaking point where I'm like 

3936
02:59:20,040 --> 02:59:21,680
getting nowhere roadblock after 
roadblock. 

3937
02:59:21,680 --> 02:59:24,400
And it's just like I'm done. 
Like it's just easy to be like 

3938
02:59:24,400 --> 02:59:28,680
I'm done. 
But at the end of the day, doing

3939
02:59:28,680 --> 02:59:31,040
the good is worth it in the end,
right? 

3940
02:59:31,040 --> 02:59:32,920
It's it's absolutely worth it in
the end. 

3941
02:59:32,920 --> 02:59:35,960
And and I encourage anyone like 
you're a whistleblower. 

3942
02:59:35,960 --> 02:59:39,000
I'm a whistleblower and it you 
know, there's always the joke. 

3943
02:59:39,000 --> 02:59:40,440
You're oh, you're blew the 
whistle, right? 

3944
02:59:40,440 --> 02:59:42,400
You know, whatever my friends 
always gives me crap, right? 

3945
02:59:42,400 --> 02:59:44,560
But. 
But it's a terrible term. 

3946
02:59:44,720 --> 02:59:48,000
It is a terrible term. 
It is, but my but my friends are

3947
02:59:48,000 --> 02:59:50,960
super encouraging. 
They're like they they love that

3948
02:59:50,960 --> 02:59:53,600
I was willing to or like I have 
one friend in particular is 

3949
02:59:53,600 --> 02:59:55,120
like, no dude, you did the right
thing. 

3950
02:59:55,200 --> 02:59:56,640
Like and he encourages me all 
the time. 

3951
02:59:56,920 --> 02:59:59,200
You did the right thing. 
Like it just keep doing it. 

3952
02:59:59,200 --> 03:00:02,320
Like it sucks, it sucks, it 
sucks, but keep doing the right 

3953
03:00:02,320 --> 03:00:07,080
thing and and you know you. 
And, and it without obviously my

3954
03:00:07,080 --> 03:00:10,080
faith and, and having those 
others around me in my faith 

3955
03:00:10,280 --> 03:00:13,560
that understand this issue and 
have learned about it over the 

3956
03:00:13,560 --> 03:00:15,760
years of me doing this. 
I don't think that I could have 

3957
03:00:15,760 --> 03:00:18,760
continued to do it because it's 
easy to be selfish when you're 

3958
03:00:18,760 --> 03:00:20,400
not living for something beyond 
yourself. 

3959
03:00:20,760 --> 03:00:23,440
And you know, I did it even in 
my 20s, even though I had a 

3960
03:00:23,440 --> 03:00:25,440
wife, I was still a very selfish
person. 

3961
03:00:25,880 --> 03:00:29,160
The the selfishness being that I
was chasing this, this monetary 

3962
03:00:29,160 --> 03:00:30,320
dream. 
My wife never has. 

3963
03:00:30,440 --> 03:00:31,760
My wife is not a material 
person. 

3964
03:00:31,760 --> 03:00:33,080
She's like, I don't care about 
any of that. 

3965
03:00:33,200 --> 03:00:37,280
She was again immediately called
her old clients. 

3966
03:00:37,280 --> 03:00:39,480
Do you want me to come back and 
work for you immediately? 

3967
03:00:39,640 --> 03:00:41,520
You know, the, the, the wild 
thing is we're just getting off 

3968
03:00:41,520 --> 03:00:45,640
the Easter weekend. 
And so it's fresh in my brain. 

3969
03:00:45,640 --> 03:00:49,200
But the paradigm shifted in the 
air after Christ died. 

3970
03:00:49,440 --> 03:00:53,520
Because if you look at what 
constituted a victory on earth 

3971
03:00:53,680 --> 03:00:56,960
for all of mankind up until that
point, it was who accumulated 

3972
03:00:56,960 --> 03:00:59,880
the most power, wealth, 
influence, status, take your 

3973
03:00:59,880 --> 03:01:03,000
pick, who had all the assets, 
who won the game, right? 

3974
03:01:03,320 --> 03:01:05,400
I mean, that's what it is. 
Who was able able to to go out 

3975
03:01:05,400 --> 03:01:06,800
there? 
But how many people have heard 

3976
03:01:06,800 --> 03:01:10,200
the name of Jesus Christ? 
All of them, All of the people 

3977
03:01:10,200 --> 03:01:13,440
have on this planet. 
At the end of the day, a 

3978
03:01:13,440 --> 03:01:16,200
statistically irrelevant number 
of people have not been made 

3979
03:01:16,200 --> 03:01:19,040
aware of who he was at least. 
And who can say that about the 

3980
03:01:19,040 --> 03:01:21,640
richest man from the year 1000 
AD? 

3981
03:01:21,800 --> 03:01:25,440
How about the year 500 AD? 
How about the year 2500 BC? 

3982
03:01:25,440 --> 03:01:27,800
Could you say who the had who 
had all the things, who was the 

3983
03:01:27,800 --> 03:01:30,400
richest, most powerful person at
any given time in history? 

3984
03:01:30,560 --> 03:01:34,160
And yet the guy who died 
essentially penniless and was 

3985
03:01:34,160 --> 03:01:37,200
put to death by the state and 
died in the most horrific way 

3986
03:01:37,200 --> 03:01:39,080
possible. 
And then his friends were all 

3987
03:01:39,080 --> 03:01:40,240
killed because they were his 
friends. 

3988
03:01:40,400 --> 03:01:42,600
And that's the most powerful 
name that's that's out there. 

3989
03:01:42,800 --> 03:01:44,720
I'm just saying that rewrites 
the paradigm. 

3990
03:01:44,720 --> 03:01:46,800
It's how you know that you can 
actually win even though you're 

3991
03:01:46,800 --> 03:01:49,080
losing on earth, because it 
doesn't feel really good to be 

3992
03:01:49,080 --> 03:01:51,040
kicked for doing things that we 
you think are correct. 

3993
03:01:51,080 --> 03:01:53,280
Yeah, I know it doesn't. 
And like I said, you know, we. 

3994
03:01:53,400 --> 03:01:56,440
So when I ended up, when I ended
up quitting, my wife went back 

3995
03:01:56,440 --> 03:02:01,120
to work and I went and got a job
here locally. 

3996
03:02:01,120 --> 03:02:08,640
And so I went from making like 
150 plus $1000 to $45,000 a year

3997
03:02:08,840 --> 03:02:11,520
because even because the 
opportunity that, and this is 

3998
03:02:11,520 --> 03:02:14,040
the other thing, the opportunity
that was afforded to me by 

3999
03:02:14,040 --> 03:02:16,280
Augusta Isaac knew I couldn't 
get that here. 

4000
03:02:16,360 --> 03:02:18,600
I wasn't credentialed that I 
didn't have a degree. 

4001
03:02:18,600 --> 03:02:21,960
He didn't have a Now I have my 
enrolled agents at US, but I 

4002
03:02:21,960 --> 03:02:23,640
didn't have that. 
I didn't have anything. 

4003
03:02:23,640 --> 03:02:26,080
The same as those attorneys who 
needed that 2500 bucks for a 

4004
03:02:26,080 --> 03:02:27,320
letter. 
Exactly. 

4005
03:02:27,720 --> 03:02:30,600
The devil finds you when you're 
at a time when he has something 

4006
03:02:30,600 --> 03:02:32,600
you need and it doesn't cost him
very much. 

4007
03:02:32,960 --> 03:02:37,120
I, I, I honestly believe that. 
I think that the there's 

4008
03:02:37,120 --> 03:02:40,720
something to be said about 
financial stability that allows 

4009
03:02:40,720 --> 03:02:43,800
you to to work from a better 
moral parameter, because 

4010
03:02:43,800 --> 03:02:46,720
desperate people make desperate 
choices, and I don't necessarily

4011
03:02:46,720 --> 03:02:48,960
fault them for it. 
Yeah, and I wasn't even like, 

4012
03:02:49,120 --> 03:02:52,120
necessarily desperate, I think. 
Yeah, but hungry is the same 

4013
03:02:52,120 --> 03:02:53,960
thing hungry. 
Hungry is the same thing as 

4014
03:02:53,960 --> 03:02:56,240
desperate at the end of the day.
But I yeah, that's true. 

4015
03:02:56,560 --> 03:02:58,520
There's an opportunity to 
exploit, right? 

4016
03:02:58,960 --> 03:03:01,120
I mean, that's. 
Yeah, I mean, it's like, why 

4017
03:03:01,120 --> 03:03:03,800
would I pass up that opportunity
not knowing what I know now, 

4018
03:03:03,800 --> 03:03:05,040
right? 
Like I, if I knew what I know 

4019
03:03:05,040 --> 03:03:07,560
now, of course I'd say right, 
but I'd say it's 2020, so. 

4020
03:03:07,560 --> 03:03:09,560
You have to earn that knowledge.
You don't get it because you 

4021
03:03:09,560 --> 03:03:11,200
just walk in and and you know 
it. 

4022
03:03:11,440 --> 03:03:13,480
Unless you had grown up in a 
family where you knew what money

4023
03:03:13,480 --> 03:03:15,720
looked like, you knew how money 
could be made. 

4024
03:03:16,000 --> 03:03:18,760
You know, if I had been 
approached when I was in my 20s 

4025
03:03:18,760 --> 03:03:21,760
and someone offered me, you 
know, three, $5000 to talk in 

4026
03:03:21,760 --> 03:03:23,560
front of a microphone and we're 
going to give you gold. 

4027
03:03:23,560 --> 03:03:25,320
You know, we're going to give 
you a gold sponsor to read from.

4028
03:03:25,480 --> 03:03:28,240
How would I know any better? 
The difference is that at 40 

4029
03:03:28,240 --> 03:03:30,720
something, I know what money is 
and I know what money buys and I

4030
03:03:30,720 --> 03:03:33,800
know what what an audience is. 
And I know I know what you can 

4031
03:03:33,800 --> 03:03:35,920
afford because I worked in sales
jobs and I know what a 

4032
03:03:35,920 --> 03:03:37,080
Commission looks like. 
That's fair. 

4033
03:03:37,080 --> 03:03:39,520
And I know what's crazy. 
If you're going to pay me a base

4034
03:03:39,520 --> 03:03:42,120
salary of 5000 before I give you
anything and then you're going 

4035
03:03:42,120 --> 03:03:45,520
to give me a percentage of 
somebody's 100,200 thousand 

4036
03:03:45,520 --> 03:03:48,840
$400,000 conversion on their 
IRA, you're taking that money 

4037
03:03:48,840 --> 03:03:51,600
from somewhere. 
I know that is a 40 something 

4038
03:03:51,600 --> 03:03:53,080
year old. 
I might not understand that is a

4039
03:03:53,080 --> 03:03:54,360
20 something. 
I just don't. 

4040
03:03:54,360 --> 03:03:56,920
I have a lot of grace for people
because you don't know what you 

4041
03:03:56,920 --> 03:03:57,960
don't know right up until you 
know it. 

4042
03:03:58,120 --> 03:04:01,640
And then you go, holy shit. 
You know, there's, there's 

4043
03:04:01,640 --> 03:04:03,480
something really ugly and I 
might have been part of it. 

4044
03:04:04,280 --> 03:04:07,440
I'm I'm blessed that I joined 
the FBI when I was 35, honest to

4045
03:04:07,440 --> 03:04:09,840
God, because at 25 I don't think
I would have seen the evil the 

4046
03:04:09,840 --> 03:04:13,000
same way. 
Yeah, well, you don't rightly. 

4047
03:04:13,000 --> 03:04:15,000
There's like that life, that 
life lesson. 

4048
03:04:15,000 --> 03:04:17,440
It's like, it's almost like, you
know, you can. 

4049
03:04:18,480 --> 03:04:20,440
It's like we never listened to 
our parents even though they're 

4050
03:04:20,440 --> 03:04:22,640
giving us solid advice. 
And then it's not until you grow

4051
03:04:22,640 --> 03:04:24,640
up and you have your own kids 
and you're like, you know, my, 

4052
03:04:24,800 --> 03:04:26,320
that was right. 
A lot about, about a lot of 

4053
03:04:26,320 --> 03:04:27,720
things. 
And then you really want your 

4054
03:04:27,720 --> 03:04:29,440
kids to not make that same 
mistake. 

4055
03:04:29,440 --> 03:04:31,560
So you're going to. 
Yeah, they're going to. 

4056
03:04:31,560 --> 03:04:32,520
Yeah, it's the same. 
Yeah. 

4057
03:04:32,520 --> 03:04:33,840
They have to earn the knowledge 
of the heart. 

4058
03:04:33,840 --> 03:04:36,720
I mean, at least male males do. 
Women, I think, are sometimes 

4059
03:04:36,720 --> 03:04:37,880
different. 
They can actually be coached 

4060
03:04:37,880 --> 03:04:40,120
differently. 
But men, we have to find things 

4061
03:04:40,120 --> 03:04:41,840
out the wrong way. 
It's like, don't touch that pan.

4062
03:04:41,840 --> 03:04:43,120
It's hot. 
And you're like, but is it 

4063
03:04:43,120 --> 03:04:45,360
though? 
Now I've got a third degree burn

4064
03:04:45,360 --> 03:04:47,320
on my freaking fingers. 
Yeah, it was hot. 

4065
03:04:47,320 --> 03:04:49,320
I won't do that again. 
And you tell your friends, Hey, 

4066
03:04:49,320 --> 03:04:50,960
don't touch that pan. 
They're like, well, how hot is 

4067
03:04:50,960 --> 03:04:52,800
it? 
We all do it because we're we're

4068
03:04:52,800 --> 03:04:55,320
just, we're wired like that. 
I think that's the reason why 

4069
03:04:55,320 --> 03:04:57,760
men go out and conquer places. 
I mean, this is just a deeper 

4070
03:04:57,760 --> 03:05:00,720
conversation on that end, But I 
think men go out and take risks 

4071
03:05:00,720 --> 03:05:03,920
that women won't take because 
that's how humanity existed. 

4072
03:05:04,080 --> 03:05:05,680
But you know what? 
Also, we always forget. 

4073
03:05:05,680 --> 03:05:08,080
I don't I remember it. 
You won't forget it now either. 

4074
03:05:08,280 --> 03:05:11,080
A lot of men died making those 
stupid choices before somebody 

4075
03:05:11,080 --> 03:05:13,040
went out and conquered that land
or discovered something. 

4076
03:05:13,160 --> 03:05:15,160
How many guys didn't come back 
from that trip? 

4077
03:05:15,320 --> 03:05:18,000
Somebody didn't make it back, 
you know, a couple times until 

4078
03:05:18,120 --> 03:05:19,720
finally someone did. 
And that guy is lauded as a 

4079
03:05:19,720 --> 03:05:21,480
hero. 
He just was either luckier or 

4080
03:05:21,480 --> 03:05:23,520
stronger or all the above, 
right? 

4081
03:05:23,520 --> 03:05:26,400
And And so he's the, he's the 
hero that did the discovery. 

4082
03:05:26,400 --> 03:05:27,720
A bunch of other people 
discovered it too. 

4083
03:05:27,720 --> 03:05:29,440
They just didn't live to tell 
about it most likely. 

4084
03:05:29,720 --> 03:05:31,480
Yep, that's true. 
That is true. 

4085
03:05:32,400 --> 03:05:34,920
That is true. 
So I think, I think we covered 

4086
03:05:35,520 --> 03:05:38,720
most of the nitty gritty. 
You know, there's, I'm sure, I 

4087
03:05:38,720 --> 03:05:42,200
mean, there's always something 
else, but I, I think that the 

4088
03:05:42,200 --> 03:05:45,840
recap here is for folks that are
looking to invest in gold and 

4089
03:05:45,840 --> 03:05:49,960
silver, go buy from your local 
mom and pop shop, buy silver 

4090
03:05:49,960 --> 03:05:54,000
American Eagles, buy gold, 
American Eagles, Canadian Maple 

4091
03:05:54,000 --> 03:05:55,640
Leafs. 
Those are good too. 

4092
03:05:56,760 --> 03:06:00,520
And anytime someone's trying to 
push something on you that you 

4093
03:06:00,520 --> 03:06:05,920
didn't call to ask for and that 
they are trying to really, 

4094
03:06:05,920 --> 03:06:09,760
really push you, like, hey, like
to convince you overwhelmingly 

4095
03:06:09,840 --> 03:06:14,160
that you're making a mistake, 
the best thing to do is nothing 

4096
03:06:14,360 --> 03:06:17,680
because you are better off 
taking your time. 

4097
03:06:17,920 --> 03:06:21,080
Get your money back, take your 
time, do your research, and then

4098
03:06:21,080 --> 03:06:23,800
decide what you want to do. 
Don't let some guy on the end of

4099
03:06:23,800 --> 03:06:27,080
the phone who's bullish, who 
thinks that there's some figure 

4100
03:06:27,080 --> 03:06:30,640
from authority tell you that 
they know what's best for you, 

4101
03:06:30,720 --> 03:06:33,600
because in the end, you're the 
one that's going to have to live

4102
03:06:33,600 --> 03:06:36,040
with that. 
So hopefully the information 

4103
03:06:36,040 --> 03:06:39,160
that we, that I've given you 
today will help you make a 

4104
03:06:39,280 --> 03:06:42,320
better and more informed 
decision and, and helps help you

4105
03:06:42,320 --> 03:06:44,680
spot these companies if you call
from them. 

4106
03:06:44,720 --> 03:06:48,480
And, and look, this is what I'll
just recap with is if you see a,

4107
03:06:48,920 --> 03:06:51,360
an influencer, conservative 
influencer peddling gold, just 

4108
03:06:51,360 --> 03:06:53,640
don't buy from that company and 
then you'll be safe. 

4109
03:06:53,800 --> 03:06:56,080
I'm not. 
Again, I only have evidence of 

4110
03:06:56,080 --> 03:06:58,440
one company. 
I have a lot of sources on 

4111
03:06:58,440 --> 03:07:01,440
others that I won't name. 
But the at the end of the day, 

4112
03:07:01,600 --> 03:07:05,600
if you want to safeguard your 
financial well-being, just stay 

4113
03:07:05,600 --> 03:07:07,360
away. 
And it's that simple. 

4114
03:07:07,680 --> 03:07:09,320
Go buy from your local mom and 
pop shop. 

4115
03:07:09,320 --> 03:07:13,160
Find a reputable dealer. 
Kyle has mentioned one a few 

4116
03:07:13,160 --> 03:07:14,160
times. 
Yeah, there's a couple. 

4117
03:07:14,160 --> 03:07:16,760
In fact, they can go listen to 
my original interview with Andy 

4118
03:07:16,760 --> 03:07:19,560
because Andy actually names his 
competition and he's got no 

4119
03:07:19,560 --> 03:07:21,280
problem. 
Like reputable companies don't 

4120
03:07:21,280 --> 03:07:23,600
mind you shopping the market 
and, and then you're going to 

4121
03:07:23,600 --> 03:07:24,880
get a little bit of different 
service. 

4122
03:07:25,040 --> 03:07:26,960
You might have a little bit of 
different inventory. 

4123
03:07:27,160 --> 03:07:28,720
There'd be a minor difference in
prices. 

4124
03:07:28,920 --> 03:07:31,240
It's not going to be enough to, 
to make or break anything. 

4125
03:07:31,240 --> 03:07:33,480
And so you can shop that. 
But if people are wildly 

4126
03:07:33,480 --> 03:07:35,440
different or if they're selling 
you, I, I imagine that if 

4127
03:07:35,440 --> 03:07:37,000
somebody on the other end of the
phone, I was just thinking, 

4128
03:07:37,000 --> 03:07:38,480
here's another analogy, because 
this is what I do. 

4129
03:07:38,640 --> 03:07:40,800
This is how I used to sell, by 
the way, is make analogies for 

4130
03:07:40,800 --> 03:07:43,320
people because I think making it
graspful. 

4131
03:07:43,320 --> 03:07:45,080
Imagine you walk into a car 
dealership and you're looking 

4132
03:07:45,080 --> 03:07:48,920
for an F-150 to buy, you know, 
and so there's your everyday 

4133
03:07:48,920 --> 03:07:52,200
work truck, it's got utility, 
it's got a known thing, and you 

4134
03:07:52,200 --> 03:07:54,040
can basically pay the same 
amount for an F-150. 

4135
03:07:54,040 --> 03:07:55,680
No matter where you go, you're 
going to get a different 

4136
03:07:55,680 --> 03:07:58,120
experience and it's going to be 
different closeness and maybe 

4137
03:07:58,120 --> 03:07:59,920
the Service plan is a little 
different or whatever. 

4138
03:07:59,920 --> 03:08:01,360
And you like the sales guy or 
you don't. 

4139
03:08:01,400 --> 03:08:03,320
But if that salesperson's 
getting you and you came in to 

4140
03:08:03,320 --> 03:08:05,920
buy an F-150 and they want to 
sell you a Maserati lease. 

4141
03:08:06,880 --> 03:08:09,160
You. 
Know it's the same dollar amount

4142
03:08:09,160 --> 03:08:11,960
maybe per month, but at the end 
of the day, you're not going to 

4143
03:08:11,960 --> 03:08:13,920
own it and you're going to have 
this flashy thing that has all 

4144
03:08:13,920 --> 03:08:15,320
this update. 
It's like, OK, that's not what I

4145
03:08:15,320 --> 03:08:17,000
came here for. 
Why are you trying to sell me a 

4146
03:08:17,000 --> 03:08:18,640
Maserati lease? 
What do you get out of it? 

4147
03:08:18,840 --> 03:08:21,320
Just remember every salesperson 
I used to tell people what my 

4148
03:08:21,320 --> 03:08:22,680
commissions were. 
I used to love it. 

4149
03:08:22,680 --> 03:08:23,160
Really. 
Yeah. 

4150
03:08:23,400 --> 03:08:25,360
Yeah. 
And they won't disclose it. 

4151
03:08:25,640 --> 03:08:27,440
Well, I would tell people this 
when I was selling Dell, I was 

4152
03:08:27,440 --> 03:08:29,800
like, look, I make more money on
selling this product line, but 

4153
03:08:29,800 --> 03:08:32,080
it's not the best thing for you.
So here's what I'm going to do. 

4154
03:08:32,080 --> 03:08:35,240
I'm telling you what's honest 
and I hope that when you hear 

4155
03:08:35,240 --> 03:08:38,040
that, you know I'm being, you 
know, honest with you and that 

4156
03:08:38,040 --> 03:08:39,920
when you come to make another 
decision, I'd rather have your 

4157
03:08:39,920 --> 03:08:41,840
repeat business than take 
everything you have right now. 

4158
03:08:42,120 --> 03:08:44,120
That's what I would rather do. 
I'd rather make a business 

4159
03:08:44,120 --> 03:08:47,240
client for life that comes back 
to me because that feels good 

4160
03:08:47,240 --> 03:08:48,280
for me. 
It feels good for you. 

4161
03:08:48,280 --> 03:08:50,000
We both feel great about it. 
You know that I'm telling you. 

4162
03:08:50,000 --> 03:08:52,080
I was like, I'll tell you 
exactly what percentage I make. 

4163
03:08:52,080 --> 03:08:53,480
I make more money on selling the
software. 

4164
03:08:53,480 --> 03:08:55,400
I just don't think you need it. 
And so I would tell people that 

4165
03:08:55,400 --> 03:08:57,360
that's how you establish real 
credibility with people as you 

4166
03:08:57,360 --> 03:09:00,280
just tell them honestly. 
Well, I agree with you, there's 

4167
03:09:00,280 --> 03:09:02,520
not enough people like that in 
the world, unfortunately, 

4168
03:09:02,520 --> 03:09:05,920
especially with how cut throats,
cut throat businesses today. 

4169
03:09:06,880 --> 03:09:09,960
But this whole segment of the 
industry just is just the whole 

4170
03:09:09,960 --> 03:09:13,160
thing is set up from start to 
end to you know, we're not 

4171
03:09:13,160 --> 03:09:16,480
talking about variances of you 
know, 1 to 2% Commission or 

4172
03:09:16,480 --> 03:09:19,440
whatever. 
We're talking about, you know, 7

4173
03:09:19,440 --> 03:09:22,480
to 10% variances because they 
don't make the money on bullion 

4174
03:09:22,480 --> 03:09:25,000
at all. 
So they can only make money or 

4175
03:09:25,000 --> 03:09:28,280
good money one way and that's by
selling you a product that is 

4176
03:09:28,280 --> 03:09:30,800
worse off for you. 
So just stay away from it. 

4177
03:09:31,000 --> 03:09:33,640
Just that's caveat you can do. 
Caveat import. 

4178
03:09:34,080 --> 03:09:37,040
Buyer beware there. 
Yep, that may be the name. 

4179
03:09:37,040 --> 03:09:38,320
That may be the name of this 
episode. 

4180
03:09:38,320 --> 03:09:41,840
So Dale, you want to tell people
where they can find you, follow 

4181
03:09:41,840 --> 03:09:43,360
you if they want to reach out to
you. 

4182
03:09:43,360 --> 03:09:46,200
If there's anybody in the in the
the media business that wants to

4183
03:09:46,200 --> 03:09:49,320
put you on the show, or maybe 
even worse, like a politician 

4184
03:09:49,320 --> 03:09:51,120
that wants to reach out to you 
and actually do something about 

4185
03:09:51,120 --> 03:09:53,000
this, God forbid, maybe they'll 
do that too. 

4186
03:09:53,040 --> 03:09:54,760
What's the? 
Best yeah, so you can reach me 

4187
03:09:54,760 --> 03:09:56,720
on socials, just type in Dale 
Whitaker. 

4188
03:09:56,720 --> 03:10:01,400
Dale Whitaker WAH is the actual 
handle on just about everything.

4189
03:10:01,600 --> 03:10:03,920
And then if you want to get in 
contact with me and go to my 

4190
03:10:03,920 --> 03:10:07,360
website, dalewhitaker.com, and 
there's a contact form on there,

4191
03:10:07,520 --> 03:10:10,280
you can also just e-mail 
dale@dalewhitaker.com. 

4192
03:10:10,760 --> 03:10:13,480
And yeah, if you reach out, if 
you want, if you need help, 

4193
03:10:13,600 --> 03:10:15,760
reach out. 
I'm like I said, I help people 

4194
03:10:15,760 --> 03:10:19,320
all the time. 
A lot of what we've talked about

4195
03:10:19,320 --> 03:10:22,560
here will probably also already 
help you from not getting 

4196
03:10:22,680 --> 03:10:24,840
scammed. 
But if you've already invested 

4197
03:10:24,840 --> 03:10:27,280
in these things, I'd be glad to 
help you get your money back in 

4198
03:10:27,280 --> 03:10:31,960
any way that I can. 
And yeah, just reach out and, 

4199
03:10:32,160 --> 03:10:34,800
you know, share this with your 
friends because there's probably

4200
03:10:34,800 --> 03:10:37,840
you probably have a few people 
in your inner circle that you 

4201
03:10:37,840 --> 03:10:41,680
didn't even know have bought 
these, bought these assets and 

4202
03:10:41,680 --> 03:10:43,960
I'll just close with this and 
and you'd be interested. 

4203
03:10:43,960 --> 03:10:48,000
This is interesting because I 
was, I had a, a party at my 

4204
03:10:48,000 --> 03:10:50,560
house, like a party. 
It was a campaign watch party 

4205
03:10:50,560 --> 03:10:54,600
for someone who was running for 
local politics and starting with

4206
03:10:54,600 --> 03:10:57,240
some folks that had showed up 
and I've gotten to know quite 

4207
03:10:57,240 --> 03:10:59,120
well. 
And I was just chatting with 

4208
03:10:59,120 --> 03:11:01,200
them and this, this conversation
came up because they're, 

4209
03:11:01,680 --> 03:11:06,800
they're, they're, they buy gold 
and we're just again, it's, it's

4210
03:11:06,800 --> 03:11:08,640
just, you'd be amazed. 
I'm sitting there and I'm 

4211
03:11:08,640 --> 03:11:13,760
talking to these folks and they 
go it X company doesn't do that 

4212
03:11:13,760 --> 03:11:15,960
too right? 
And I go but don't tell me and 

4213
03:11:15,960 --> 03:11:18,600
he goes quarter million. 
I helped them get their money 

4214
03:11:18,600 --> 03:11:20,800
back, but yeah. 
There's a lot of shame in this 

4215
03:11:20,800 --> 03:11:22,080
stuff too. 
Correct. 

4216
03:11:22,160 --> 03:11:23,600
Yeah. 
The e-mail that I got the other 

4217
03:11:23,600 --> 03:11:28,480
day was I'm angry, ashamed. 
And there was another term as 

4218
03:11:28,480 --> 03:11:29,960
well. 
And it's like, don't be ashamed.

4219
03:11:30,160 --> 03:11:33,400
Don't be be angry, but don't be 
ashamed. 

4220
03:11:33,960 --> 03:11:37,680
Very intelligent people, people 
with PHD's I have seen. 

4221
03:11:37,680 --> 03:11:42,000
I literally know of people with 
PHD's who were taking engineers,

4222
03:11:42,440 --> 03:11:45,120
math Wizards who have been taken
for a ride. 

4223
03:11:45,320 --> 03:11:48,600
So don't be ashamed, reach out 
and I'll be glad to help. 

4224
03:11:48,680 --> 03:11:50,120
I love it. 
That's a really great offer. 

4225
03:11:50,280 --> 03:11:51,800
You know, God bless you for 
making that too. 

4226
03:11:51,800 --> 03:11:53,360
Dale, Thanks for spending so 
much time with us. 

4227
03:11:53,840 --> 03:11:55,560
I know people will share this 
up. 

4228
03:11:55,560 --> 03:11:57,120
And by the way, folks, if you're
listening to this, you want to 

4229
03:11:57,120 --> 03:11:58,960
cut something out of it and send
it out there so that people 

4230
03:11:58,960 --> 03:12:00,280
understand it. 
Do it whatever you want. 

4231
03:12:00,280 --> 03:12:02,680
That's that's 100% approved. 
Thanks for spending all that 

4232
03:12:02,680 --> 03:12:03,760
time with me bud. 
I appreciate it. 

4233
03:12:03,800 --> 03:12:05,440
Thanks for having me, Kyle. 
Yeah, my pleasure. 

4234
03:12:06,320 --> 03:12:08,600
And that is the Sunday sit down 
with Dale Whitaker. 

4235
03:12:08,600 --> 03:12:10,800
You can find his links in the 
show description in the show 

4236
03:12:10,800 --> 03:12:12,520
notes. 
I hope you learn something and I

4237
03:12:12,520 --> 03:12:13,960
hope you actually share it with 
somebody. 

4238
03:12:14,240 --> 03:12:17,720
We need to destigmatize sort of 
the the scamming that can 

4239
03:12:17,720 --> 03:12:19,240
happen. 
It is ubiquitous in the 

4240
03:12:19,240 --> 03:12:21,480
conservative space that people 
will be pushing these products 

4241
03:12:21,640 --> 03:12:24,880
and everybody thinks because I 
trust this person, they wouldn't

4242
03:12:24,880 --> 03:12:26,840
lead me wrong. 
That may not be the case. 

4243
03:12:27,080 --> 03:12:29,360
Whether they know better or 
whether they don't, you now know

4244
03:12:29,360 --> 03:12:31,240
better and you can go out there 
and educate the masses. 

4245
03:12:31,240 --> 03:12:33,200
So share the like. 
We do appreciate that. 

4246
03:12:33,200 --> 03:12:34,840
If you guys want to make sure 
you're supporting the program, 

4247
03:12:34,840 --> 03:12:38,040
it's very easy to do and it's 
free. rumble.com/kyle Seraphin 

4248
03:12:38,040 --> 03:12:41,080
where we have the live chat. 
These shows go live at 1:00 PM 

4249
03:12:41,080 --> 03:12:44,520
Eastern Time on Sundays. 
They also go live over on 

4250
03:12:44,520 --> 03:12:47,280
YouTube. 
It's youtube.com slash at Kyle 

4251
03:12:47,280 --> 03:12:49,160
Seraphin. 
Subscribe to the channel there. 

4252
03:12:49,160 --> 03:12:52,040
We're growing every day and you 
guys can also push along by 

4253
03:12:52,040 --> 03:12:54,360
leave it a comment locals. 
If you want to get it a day 

4254
03:12:54,360 --> 03:12:56,080
early and you want to support us
financially, it's Kyle 

4255
03:12:56,080 --> 03:12:57,600
seraphin.com. 
That'll take you to the sign up 

4256
03:12:57,600 --> 03:12:58,880
page. 
Very easy to do there. 

4257
03:12:59,000 --> 03:13:01,680
And lastly, if you're driving 
and you plan on looking in the 

4258
03:13:01,680 --> 03:13:04,000
car when you're doing this, Kyle
seraphinshow.com will take you 

4259
03:13:04,000 --> 03:13:06,800
to the Spotify app. 
You don't even have to download 

4260
03:13:06,800 --> 03:13:09,280
it, but it does give you the 
option for either audio or video

4261
03:13:09,280 --> 03:13:11,200
and clips that it'll pull out 
and it'll give you some all 

4262
03:13:11,200 --> 03:13:13,600
kinds of good information. 
Check us out on Spotify. 

4263
03:13:13,600 --> 03:13:16,800
Easier than Apple, easier than I
heart or any other places there.

4264
03:13:16,800 --> 03:13:19,400
And we appreciate that I get the
best data saying who's listening

4265
03:13:19,400 --> 03:13:21,400
and when they're listening and 
what's interesting to them and 

4266
03:13:21,400 --> 03:13:22,960
so on. 
We get the comments and I see 

4267
03:13:22,960 --> 03:13:24,560
those as well. 
So appreciate all of you. 

4268
03:13:24,720 --> 03:13:26,920
I hope you guys have a fantastic
either rest of your weekend or 

4269
03:13:26,920 --> 03:13:28,560
during the week. 
And I look forward to seeing you

4270
03:13:28,560 --> 03:13:32,240
at 0930 Eastern Time. 
That is 8:30 AM in Texas, 

4271
03:13:32,240 --> 03:13:35,120
America, where we go live for 
our political commentary on a 

4272
03:13:35,120 --> 03:13:37,880
regular basis. 
Yeah, we'll see you then. 

4273
03:13:37,920 --> 03:13:40,760
Have a good one. 
Thank you for listening to the 

4274
03:13:40,760 --> 03:13:45,320
Kyle Serafin Show, streamed live
weekdays on rumble.com/kyle 

4275
03:13:45,320 --> 03:13:47,600
Serafin. 
Follow Kyle on Twitter, True 

4276
03:13:47,600 --> 03:13:50,640
Social and Instagram at Kyle 
Serafin.