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Gold futures fighting for games and still struggling for a comeback.
-- down 27%.
From that all time high acting when I'm an all time -- but just from the recent -- August 2011 and this while making American gold eagle coins is on the rise up a 150%.
January to may this year vs year ago.
Michael paints -- seal of next one of the world's largest sellers of precious metals the real thing this is physical gold.
-- the -- the way to go for the long -- -- is now so everytime I think about buying cold -- the fiscal stuff for an ETF everything my feet yet another -- saying Bible on television.
It keeps going down in price why is this now the bottom.
Well I I would note -- -- bottom of the top I think the issue that that Americans are finding out is that balance in the portfolio is really important.
That gold being a non correlated assets to stocks and bonds -- stocks and -- -- out great got a little insurance policies not worth much if stocks and bonds go down.
Hope I sure am glad I got some that went the other way I hope they get shots -- he's got a lot of -- precious metals this is.
A hundred ounces of silver hundred ounces silver and this quite right here this baby he's you -- on that.
How much is this thing -- up 14100 dollars 14100 dollars I think I'd rather have I would cheaper version of a Rolex I don't know about when you buy gold.
Is -- -- bet on economic crisis.
I think it's it's I think there's several things involved -- that in the we've got people who bought for the short term maybe that be better to use the dolby Kiev but for the long term 35 years ten years.
You've got an issue with purchasing power.
And therefore owning the physical gold gives you options that you just -- -- can't quite get in the paper form of that.
What's what people are saying around the world in fact if you look at the data according to the World Gold Council you look at data.
From the time that ETFs reform until now they have about 84 billion dollars and asked him years yet -- years the same period of time.
Individuals bought gold physical -- -- point 270.
Billion more than 31 so people are voting with -- their with their money right so when I -- -- 141000.
Dollars' worth of gold 14100 -- ten of these babies right here.
-- -- keep that kind of hidden in my living room pulling the apocalypse comes I can grab golden but keep it at your company -- wouldn't look viewing given it our company because you want you have title you don't want us to keep -- there's there's various ways distort and we offer our.
Access to this through our friends at eBay at the app makes bullion -- on -- it's unprecedented.
That a company like eBay would offered this in real time pricing.
Right there on the web site so that everyone gets a trusted source.
Of a place to go to -- so that they know they're really gonna get it that's the partnership that we have my late grandfather was a big gold -- -- -- -- angle to that isn't credible.
Ninety's bull market I was not a rich man at all have another friend who has Goldman bought 302000 dollars worth -- and -- ten years ago and that's worth.
Over a million -- -- that safe deposit box.
But let's say it.
Nuclear dirty bomb went off and how do you get to the gold and there's crisis everywhere I mean why don't fizzled lol -- did that -- piece of tape while it if you didn't have that situation physical that the paper isn't going to be worth anything to nobody can get the battery matter that's under the vaults and not under the streets of London.
Lot of our buyers prefer to have this physically they'll keep it.
In a home fault or safe deposit box or some other place where they can get to it easily.
And it does -- is not necessarily a disaster grass that it's an inflation protection purchasing power protection in so many of our customers say it's real money.
This -- been around since the Roman empire but it must have been here since but I can't -- to a 7-Eleven and I had the slippery when have you ever tried.
No I don't get what I would commit a relatively -- -- they have.
Thanks for being with us today Michael -- is great to see -- -- nice job okay.
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