Episode 69
What do Gold and Guns have in common?
Join John and Kailey as they sit down with Trey, a precious metals expert, as they talk about the significance of gold and silver as alternatives to traditional currency. Trey outlines the essentials for anyone considering investing in precious metals, advocating for starting small and gradually building a collection that can serve both as an investment and a means of trade.
Transcript
Our government used to care about us.
Trey:You know, during World War II, when there were food shortages, they taught people how.
Trey:What they call a victory garden.
Kayleigh:Welcome to Gun Owners of America State of the second podcast.
Kayleigh:I'm Kayleigh.
John:And I'm John.
John:And today we're joined by a gold and silver precious metal expert, Trey.
John:How are you, my friend?
Trey:I'm great.
Trey:Thanks for having me on.
John:Go ahead and give the folks a little backstory, who you are, what you do, all that fun stuff.
Trey:All right.
Trey:So I've been in the precious metal space a little over 30 years.
Trey:I've run three of the largest retail companies in the nation.
Trey:Recently I had done a startup that is on its way to becoming one of the greats as well.
Trey:Right.
Trey:Also have gotten in on the wholesale side.
Trey:So my background in precious metals, I've spent, you know, the majority of my life in it.
Trey:Right.
Trey:And that's.
Trey:That's kind of where I come from.
John:And not only that, but you're also a patriot member of GOA as well.
Trey:Oh, absolutely, absolutely.
Trey:I mean, I saw.
Trey:Matter of fact, I think it was one of the podcasts that I saw where you guys were like, talking and, you know, what can you get for $25?
Trey:Right.
Trey:And so to be able to protect our Second Amendment and our constitutional rights for $25 a month, I.
Trey:I figure it's a duty that every American should be doing.
John:Couldn't agree more.
John:So we're going to get hop into our first segment real quick.
John:And that is rapid fire.
John:I'm going to ask you five questions.
John:You can answer them as long or as shortly as you'd like.
John:And we're just going to start from there.
John:So first question.
John:What is on your bucket list for guns?
Trey:That would be the staccato.
John:Good choice.
Trey:Yeah.
John:All right.
John:Gold or silver?
Trey:Both.
John:Both.
John:I had to ask.
Trey:That's a good question.
John:If you could go back in time and change history, would you?
Trey:No.
John:Okay.
John:Are you binge watching right now?
Trey:It's a good question right now.
Trey:We've been.
Trey:Been watching.
Trey:What is that show?
Trey:Outer Banks.
John:Outer Banks.
John:Okay.
John:And then the last question is, I think a good one.
John:See, we've.
John:We've hit on most of them.
John:Trying to think of a really good question.
John:Barbecue or pizza?
Trey:Barbecue pizza.
John:Ooh.
John:That's what I said yesterday.
John:She looked at me like I was insane for choosing barbecue pizza.
Kayleigh:I think something.
Kayleigh:She just got to separate.
Kayleigh:It's my.
Kayleigh:My take for agreeing with me.
Trey:You're welcome for that.
Trey:Sorry, I didn't know.
Trey:Right.
Trey:I could have went either way.
Trey:But, you know, I don't like the either ors.
Trey:I kind of like to, you know, I like it where I can kind of meld them together.
John:So let's just dive into this.
John:We've got all this cool stuff in front of us.
John:We've got silver, we've got gold.
John:We've got coins that are thousands of years old.
John:We've got stuff that's newer.
John:You know, what is the history of precious metals in.
John:In the U.S.
John:well, they've been around.
Trey:You know, before the U.S.
Trey:so, you know, you start talking about the history of the US we will limit the history of precious metals.
Trey:Right.
Trey:They've been around since the beginning of time.
Trey:You know, it's mentioned in Genesis.
Trey:Right.
Trey:God made gold, and gold is good.
Trey:Right.
Trey:You know, it's.
Trey:It's the.
Trey:It's not that the.
Trey:That money is the root of all evil.
Trey:Right?
Trey:It's the love of money that creates.
Trey:Right.
Trey:It's.
Trey:It's.
Trey:It's what you give up in your pursuit of money, but it's what kingdoms have been built on.
Trey:It's what every war has been fought over.
Trey:It's the heavyweight champion of the world.
Trey:It's the only.
Trey:There's been a ton of things that have been currency, but it's the only thing that has been money since before Christ.
Kayleigh:So for a lot of people, they see, you know, the advertisements for precious metals, and it all seems very overwhelming.
Kayleigh:Why would someone add this to their portfolio?
Kayleigh:Or why should someone start saving to make a purchase?
Trey:Okay, it's a great question.
Trey:Because it does get overwhelming.
Trey:Like you said, there's a smattering and there could be a ton more that I put onto the table.
Trey:Table.
Trey:And there's a lot of marketing out there, and there's a ton of misinformation and real information.
Trey:It's a unregulated market, and if you don't know what you're doing, you get your head separated from your shoulders because premiums are set by each individual dealer.
Trey:So why you should start storing up.
Trey:Number one, it's six on my list, and that blows people's mind.
Trey:Right?
Trey:And I'll hit you with my top six real quick.
Trey:Right.
Trey:I think, number one, you're.
Trey:You got to get right with God.
Trey:And that's the only thing on my list that's not up for debate.
Trey:Right.
Trey:Number two, you better have fire.
Trey:Number three, you got to have water.
Trey:Number four, you got to have food.
Trey:Number five, guns and ammo.
Trey:And when you get enough of two through five, Because I don't think you can get enough of number one.
Trey:That's when you come talk to me and we talk about precious metals.
Trey:Because you can only store so much food, you can only store so much water, then you're going to have to have a means for barter.
Trey:And that's where that comes into play.
John:Now would you say we are in now the US we had the gold rush kind of died down and then I would say 20, 20 out five or even later, we saw this big push into precious metals again.
John:Are we in a new era of kind of a gold rush, kind of a silver rush, but not finding in the ground, but purchasing it?
Trey:Yeah, I mean it's a, it's a, it's uncharted waters right now.
Trey:You know, dealing with a lot of the experts trying to analyze.
Trey:Right.
Trey:We can get into measures of money and get real technical.
Trey:Right.
Trey:But that's where this gets real confusing.
Trey:So I want to keep it more on a simplistic level.
Trey:And let's just put it this way.
Trey: ht now we're sitting close to: Trey:And it's not being driven by investor demand, it's central banks.
Trey:Central banks are buying more gold and silver at an alarming rate because the US has weaponized the dollar and so more.
Trey:It's the only asset that's not simultaneously somebody else's liability.
Trey:So people are going back to back in their currency with gold and silver rather than the dollar.
Trey:And that's what you're seeing this surge for Americans, unfortunately are always late to the party.
Trey:Right.
Trey:And so once investor demand kicks in, there's no telling where the top's at.
Trey:For those who understand real wealth, secure your future with $10,000 or more in gold and receive up to $500 in free government silver.
Trey:United Patriot Coin is here to help you protect what matters call today.
Kayleigh:So when it comes to the everyday person, what is kind of the entry level point that you see for the kind of the big players in the market?
Kayleigh:Like, is it saving up $1,000?
Kayleigh:Is it saving up $10,000?
Kayleigh:Like what.
Kayleigh:Where do most people find themselves when it comes to starting this as part of their portfolio?
Trey:Yeah, I hate to set it at a limit.
Trey:Right.
Trey:You know, one of the things I used to say when I was with a company was we didn't ever want to be too the big people and we never wanted to be too big for your everyday person.
Trey:Right.
Trey:My background.
Trey:Right.
Trey:I come from three generations of union pipe fitters.
Trey:Right.
Trey:So I wasn't born with a silver spoon in my mouth and I want to make sure that everybody understands, right, how to get in.
Trey:And it's some advice I got from, you know, a yard guy of mine a long time ago.
Trey:He said, trey, a little bit of something is better than a whole lot of nothing.
Trey:So you can literally get started in this at, you know, 30, $40 and stock, start putting back an ounce and you know, at a time.
Trey:That's how I actually got into the industry.
Trey:My grandfather used to make me write a one page report on Morgan silver dollars before he would give them to me at Christmas.
Trey:And after I tore my ankle up in Mogadishu and got out of the medical field, right, I had to go find something else to do.
Trey:And the government makes all these promises, as you guys are well aware of, you know, especially where us veterans are concerned, on how we'll never go hungry, we'll never look.
Trey:I couldn't find a job, right, So I ended up having to go sell the coins.
Trey:My grandfather, that was the last bit of assets I had.
Trey:And when I walked into the company, they went, well, you want a job?
Trey:You know a lot about coins.
Trey:And I went, well, no, but I know a lot about these, right?
Trey:So you can literally, you know, change your life by starting out one coin at a, one coin at a time.
Trey:And so, you know, from there, you know, it's, it's a matter of personal opinion, right?
Trey:Any financial advisor worth his weight and salt should recommend that you have 10% of your overall assets, intangible assets, so there's a foundational start.
John:Now a lot of people know or don't know, all coins before 65 were 90% silver.
John:So as somebody who's looking through my change star, what am I looking for if I find, if I'm looking specifically to grab some silver coins or if I have them, what do I do with them?
Trey:It's real easy on, you know, when you, when you bring that up, it's really easy if you got a stack, right?
Trey:What I like to do is tell off on my age, right?
Trey:You used to go to the bank, get rolls of quarters and what we would do is we'd go buy rolls of quarters and then we would go home and then we would take the paper off of it and leave them in this line.
Trey:Obviously these are all 90% and you can see that it's silver throughout.
Trey:If you pull out your coinage of today, you're going to see the clad, the copper in it and so the silver coin stands out.
Trey:If you keep them up and you're looking at the rim to be able to find that pre 64.
Kayleigh:And as the more money is minted, inflation is going absolutely crazy right now.
Kayleigh:And a lot of people, I think, are nervous about their future and probably rightfully so.
Kayleigh:What is the benefit to hedging inflation with owning and having these tangible assets?
Trey:The interesting thing is if you go back throughout history, right, Inflation or deflation, gold is one.
Trey:So it's really not so much of an inflationary play as people like, you know, that falls into a lot of the fear tactics that people are seeing on advertising and commercials.
Trey:Right.
Trey:And I try to stay away from making predictions on spot price.
Trey:And where I confuse a lot of real experts is they'll say, well, Trey, you know, the goal is going to go to 5,000 an ounce.
Trey:And I'm like, okay, based on what you're basing that off, a currency that you believe is still going to be in play.
Trey:So if the dollar falls now, what are you going to value it back on?
Trey:Right?
Trey:And so, you know, as capitalists here in America, we've come too far to not set a standard.
Trey:But I always challenge them with, it could go back to $20 an ounce, but it would buy, what, $20 an ounce bought 100 years ago.
Trey:So it's going to be a matter of where that play comes in as to whether or not.
Trey:Right, you know, for an inflationary or deflationary time frame for what you actually think you're going to need it for.
John:So we were talking downstairs about minimum wage and things like that, and you've got some notes in front of you showing what our notes used to look like, how they were backed by silver and gold.
John:Was that a huge mistake by the US Government to move away from the gold and silver standard?
Trey:Absolutely.
Trey:I mean, that's kind of why we're in the situation we're in now.
Trey: ate that it's in today was in: Trey:It didn't happen in 33.
Trey:What he did was make it illegal for Americans to own gold.
Trey:So they came on, they said, turn in all your gold.
Trey:And, you know, as proud Americans, we did what our government said and we turned in our gold at $20 an ounce.
Trey:Well, then they raised the price to 35.
Trey:So they created $15 an ounce out of thin air.
Trey:And that's what got us out of the Great Depression.
Trey:The second time that happened was in the 70s during the recession.
Trey:Right.
Trey:And so the second time they used precious metals to bail us out was when Nixon actually took us off the standard.
Trey:And then we were able to print money without it being backed.
Trey:And so, yeah, I mean, it was absolutely.
Trey:It's in our constitution.
Trey:Our founding fathers knew that if they took us off a standard because like you had said, with that note, it said, paid in $10 in gold coin.
Trey:This would have been the $10 gold coin, right?
Trey:So for every note they produce, they had to back it in weight by gold.
Trey:So they couldn't overprint unless they could mine.
Trey:And now they knew that, you know, like I was saying, they knew if we over printed, we would overspend.
Trey:And then if we overspend, we're going to continue to overprint.
Trey:And now we're in a hyperinflation scenario similar to what happened in the fall Rome, you know.
John:And this has intrigued me for a long time.
John:You see shows out there now where people are mining for gold again.
John:And we see these people, is it better just to buy it or go try it yourself?
Trey:Man, I tried it to get.
Trey:I tried that one time.
Trey:I took a year and traveled the US And I ended up in Oregon and found that, you know, I could go get a gold claim.
Trey:And I thought, oh, this is cool.
Trey:And I found this little spot, and it looked like it had some flex and a swirl where, you know, backwash, where the locals had taught me kind of what to look for.
Trey:I never found anything.
Trey:I mean, yeah, I mean, it'd be great, right?
Trey:I mean, but, you know, you're looking for, you know, literally a needle in a haystack.
Trey:You know, you've got to understand the veins and the rock and where the core's at.
Trey:And then, you know, I mean, that's why.
Trey:That's why the value's there, right?
Trey:It takes 10 tons of raw ore to produce 1 ounce of gold.
John:It's insane.
Trey:10 tons of raw ore.
Trey:Wow.
Kayleigh:And Gold Rush makes it look so easy.
John:Well, I mean, look at.
John:It's not just Gold Rush.
John:The funny a lot.
John:I watch a lot of weird things on the Internet, which is not something a lot of people want to admit.
John:But in Australia, they're finding gold.
John:Metal detecting, it's on top of the ground because all the old miners just came through and was just looking for chunks.
John:And now we're seeing people finding gold, things like that.
John:But I don't think there's very much left here to find, if you can find it.
Trey:Well, the interesting thing is it's the Only thing that can't.
Trey:The only way you can reproduce gold is there's a method by heating platinum.
Trey:But then platinum's rarer than gold, so why would you destroy a rare metal?
Trey:Right.
Trey:The reason platinum was never in our currency is because there wasn't enough for circulation.
Trey:Right.
Trey:Gold was actually formed by when the cosmic collided, right.
Trey:And then buried deep within our earth.
Trey:So how much of it's underneath there, who knows?
Trey:But, you know, you can.
Trey:You can go on to big organizations like the World Gold Council.
Trey:They've got some great information out there, and they'll tell you, you know, all the gold ever mined would fit in three Olympic swimming pools.
Trey:So, you know, there's not a lot of out there, which is why it's worth its weight in gold.
Kayleigh:So shifting gears to our other segment, which is from the Soapbox, where we kind of deal with a controversial topic or a topic that can be a little touchy for some people.
Kayleigh:A lot of Americans are looking at how do we survive the current economic conditions while establishing some form of generational wealth for our families?
Kayleigh:What is a way that precious metals plays a part in that?
Kayleigh:And what would be the recommendation that you have for people who are wanting to make sure that the next generation is taken care of?
Trey:Yeah, how that would play a part.
Trey:You know, it's fascinating.
Trey:I did a report not too long ago where you can find it on YouTube, just Google Trebo and you can find it.
Trey:And it breaks down exactly what you're talking about.
Trey: Where you could buy: Trey:Today that would be over 9 million.
Trey:So not even that long had you had the money then, right?
Trey:The prob.
Trey:The real question Americans want isn't the one you're asking.
Trey:It's how do you accumulate the wealth to be able to protect it?
Trey:Because that's the problem in precious metals, right?
Trey:You have to have.
Trey:Most people think you have to have money to get involved in it, right?
Trey:And it's just real simple, right?
Trey:If you'll take a look, nobody carries cash anymore, right?
Trey:And if you watch what our country and what other countries have done, right?
Trey:You know, I mean, when they shut down the truckers in Canada, all they did was shut down their bank accounts because everything is electronic.
Trey:So it's not so much generational wealth that I try to preach for people, right?
Trey:It's.
Trey:It's called generational freedom, in my opinion.
Trey:Right.
Trey:I would much rather be free than I would be wealthy.
Trey:And I think A lot of Americans feel that way today as well, right.
Trey:But it's the only, it's the only asset, like I said before, that's not some simultaneously somebody else's liability and it's the only asset I know that can be converted into any other currency in one step.
Trey:So it's more about protecting your freedoms and being able to go as we've got.
Trey:You know, this is cbdc, centralized digital banking currency coming.
Trey:You know, they're talking about social credit scores where if we talk about things like the second amendment, which, or we mentioned God, you know, we'll be shadow banned, right?
Trey:Or and they're talking about limiting monies.
Trey:You know, it's communism.
Trey:It's already happening in China.
Trey:Whether or not that gets here, I try to stay away from the doom and gloom, right.
Trey:We've been predicting the end of time since the beginning of time.
Trey:But that being said, right.
Trey:I also want to be prepared.
Trey:So my recommendation, right.
Trey:You know, I mean, just as I ran through my list and I think I've told you guys, right, I live on a small little four acre farm in the middle of southeast Texas, right?
Trey:And our government used to care about us.
Trey:You know, during World War II when there were food shortages, they taught people how, what they call a victory garden.
Trey:And I encourage everybody to go learn what a victory garden was, right?
Trey:They had these gardens put in place so that as the troops were overseas, right, you would be able to produce food because there were shortages on things getting over here.
Trey:Now we're crazy, right?
Trey:We go out and buy, instead of going by food, we go buy toilet paper.
Trey:Hey, we're going to have an embargo, you know, the cargo ships are going to start and everybody goes and buys toilet paper.
Trey:I don't know what they're going to do with that toilet paper.
Trey:But what they should be doing is preparing for what happens when we don't have a food source.
Trey:What happens if the supply chain, right, I mean, they're trying to get us right on.
Trey:You know, everybody's seen what's happened in North Carolina, right.
Trey:I mean you don't see electric cars and digital currency out there bailing people out.
Trey:You see sweat and browse off of good old country boys, right, that are willing to help their neighbors in diesel and oil vehicles that are moving debris.
Trey:I don't see anybody out there with those Tesla trucks clearing pathways to save families.
Trey:So what I would recommend, right, is you know, you gotta start somewhere, right.
Trey:I've followed a thousand different financial advisors, right?
Trey:10% starts in the Bible with tithing and 10%.
Trey:You know, it seems to always come up, take 10% of your paycheck.
Trey:Right.
Trey:Set it aside.
Trey: book that's been around since: Trey:It's touted as one of the best financial platforms.
Trey:And what America hasn't done, we've lost touch with what it takes to create wealth.
Trey:And it's not going out learning a craft.
Trey:Right.
Trey:We need to learn how to make your money work for you.
Trey:And then when you have your money working for you, you want to teach that money how to go to work for you.
Trey:And then that way you end up with a steady free.
Trey:Because I didn't find money until I tried to figure out how to live without it.
Trey:I was trying to figure out how to get off the grid and not get into money.
Trey:And when I quit chasing it and I started down a path of putting 10% down and, and trying to figure out how to be self sufficient, I started noticing the money just started stacking up because I wasn't doing, I wasn't trying to keep up with the Joneses anymore.
Kayleigh:America is very consumeristic and we want instant gratification.
Kayleigh:We want the dopamine hit.
Kayleigh:Precious metals for a lot of people probably doesn't give that dopamine hit.
Kayleigh:But you're not only investing in that generational wealth or in securing your financial freedom, but you also talk a little bit about bartering and what that could look like for people who are wanting to be that extra level of prepared, go into how those coins work and why people should potentially be paying a premium for, for something that can be bartered versus something that would be harder to barter with.
Trey:Yeah.
Trey:So when you start talking about premiums, that's where you start getting into all the different mints.
Trey:Right.
Trey:So you've got several.
Trey:That's why I have so much out here.
Trey:Right.
Trey:The U.S.
Trey:mint.
Trey:And one of the easiest ways and most basic and the way I would recommend most people get started is a silver American Eagle.
Trey:Right.
Trey: It's protected by Public Law: Trey: ,: Trey:That deems it numismatic.
Trey:Right.
Trey:Therefore, it doesn't have any reporting requirements.
Trey:I'm not going to ask you for your Social Security number.
Trey:It's between you, your conscience and your tax advisor.
Trey:That being said, it's produced by the US Mint.
Trey:It's tested, so it carries a higher premium than say a silver round.
Trey:Both are 1 oz of silver They've got the same content.
Trey:The difference between a round.
Trey:You'll see them cheaper on every site than you will a minted coin from a government is because the government actually tests and verifies what it is.
Trey:It gives it a $1 legal tender.
Trey:But you would never sell an ounce for $1, right?
Trey:But that legal tender gives you that peace of mind that it is actually what it says it is versus a private mint that you don't have any idea.
Trey:You know, there's a lot of reputable private mints and I recommend rounds for people that understand what they're doing, right?
Trey:But you know, a lot of the things that people don't know is we were talking about the rims on the quarter, right?
Trey:The reason those are there is in the old days, they used to shave off the edges of the coin and they would put back the little pile and it still had its face value.
Trey:So they were in essence, you know, building up this little stockpile.
Trey:And then we got smart and that way we would know what the content in that coin is.
Trey:But when you start talking about premiums, that's where it gets real tricky and real interesting, right?
Trey:And you know, obviously if you're going to I have a hundred ounce bar on the table, right?
Trey:And that's going to be a cheaper way to buy, right?
Trey:Because they only have to pour that bar one time versus striking a hundred coins with the dies and the presses and the machines and the employees that they have to do it.
Trey:So the US Mint, there used to be a pretty standard formula on gold coins, right?
Trey:It was a 3.75% premium on one ounce.
Trey:You know, then it broke down to a 5% premium on a half ounce and then a 8% premium on a quarter and 13% on a one ounce.
Trey:Those premiums change and fluctuate, right?
Trey:But it gives you a foundational understanding that the smaller the coin, the higher the premium.
Trey:For the same example that I used with the bar, it takes the machine, you know, to produce a half ounce coin.
Trey:It has to work twice as hard, they have to use twice as many dies.
Trey:So that's where those prices start, premium start coming in.
Trey:And people don't understand, you know, that they want to buy as close to the melt price as they possibly can.
Trey:And then they're not thinking about what does that premium offer.
Trey:So to answer, you know, a question I like, instead of buying for a bartering situation, right, a 1 ounce gold coin is going to have roughly $2,600 today in gold.
Trey:But then how many you Know if you got to go barter for with your local farmer, how much, how much are you going to be bartering with?
Trey:1 ounce.
Trey:And then how are you going to have change and how are you going to break that down?
Trey:Right?
Trey:And there's right at 31 grams of gold per ounce.
Trey:So I like to buy one gram, right?
Trey:There's a company out there and it's called a gold seed.
Trey:They sell this in a wheel with 10 in it, right?
Trey:You buy three with an extra gram and you pay about another $125 more to buy it that way than you would the one ounce.
Trey:But the advantage for you is you have 31 transactional pieces versus one for $125 premium.
Trey:So that would make more sense based on there's not a blanket that you can throw out there that would cover everybody's needs.
Trey:It's really a one on one, get to know who you're, you know, it's relationship.
Trey:Get to know who your customer is, what they're thinking, why they're doing it, and then you tailor it based off of their belief system.
John:So if I were to take that, that piece there, what do you think the value worth trade right now you'd.
Trey:Be looking right at $100.
John:So in a bartering system, I could get 100 bucks worth of stuff.
Trey:You get $100 worth stuff.
Trey:If you still thought that, you know, $100, right.
Trey:That's the hard part, right?
Trey:Is if we're actually bartering, what is the money system?
Trey:That's true, right.
Trey:And so I, I tried for, for most people to try, you know, we can get complex with the spot price of metal and like I said before, measures of money and inflation and you can get real technical, right?
Trey:But let's make it real simple for people to understand.
Trey:The spot price in my opinion has nothing to do with the price of gold or silver.
Trey:It's only indicative of the dollar.
Trey:It takes more dollars to buy the same ounce.
Trey:So what you're looking for is purchasing power, right?
Trey:You want to be able to protect your purchasing power.
Trey:Stay out of the thought process, right?
Trey:Otherwise, you know, you can make a whole lot more money in the stock market than you can in gold and silver.
Trey:But this isn't to get wealthy, right?
Trey:This is for protection.
John:I mean, that's well said.
John:I mean it's hedging your bets, it's keeping you protected.
John:And if anything happens, if we get super ultra inflation, which we're dealing with high inflation right now, that's that is worth more than what that paper note is?
Trey:Well, yeah, I mean that's what we were discussing, right?
Trey:You said I had this note today.
Trey:What can you go get with $10, right?
Trey:I mean you're not.
Trey:Even if you can't go get, if you can't feed yourself on $25 a month, right?
Trey:I mean, what are you going to go out and get with $10, right?
Trey:But this is when you asked me the question about whether or not I think it was a mistake.
Trey:That $10 gold coin, right?
Trey: That's: Trey:So I mean this $10.
Trey: unce of gold right now is at $: Trey:I can, I can do a few things.
Trey: I can feed a few families on: Trey:You know, I can't feed my family on 10.
John:So if I were to get in, if anybody were to get into this, what would be the, the way to go about it would be the first.
Trey:First step, first step would be to figure out what you're trying to protect and what your purpose is.
Trey:If you don't know what that is, then you're going to make a mistake and you're going to call somebody and they're just going to tell you what they think you want to hear in order to, in order to sell you that.
Trey:That's what I wanted to get on here, right?
Trey:And be able to tell people, look, know what your plan is?
Trey:Why are you purchasing precious metals?
Trey:What is your purpose, right?
Trey:Because there are, Look, Raymond Lombra, who was a professor of economics for Penn State who did a study for the Joint House on Taxation, have found that rare coins have out produced even bullion over the last 40 years, right?
Trey:So there are areas in which you can go accumulate generational wealth, right?
Trey:Because they're tiny pieces of art.
Trey:It's like anything else, supply and demand.
Trey:You start getting into, you know, coins that are.
Trey:There's only one or two that exist in the world, right?
Trey:You know, then you're talking about, that's, that's where real wealth in the elite, right, Start.
Trey:You know, you can compare them to Mona Lisa's or a Babe Ruth baseball bat.
Trey:You wouldn't talk about the value being the lumber and the bat, right?
Trey:The values and the fact that it's Babe Ruth, right?
Trey:So, you know, for, for somebody that was like you that was first starting out.
Trey:The first question I would ask is, what do you think you need it for?
John:Let's just say I want to hedge my bets and have something to barter with in the future.
Trey:Yeah.
Trey:So, you know, and that there's a lot.
Trey:There's something that not a lot of people are aware of.
Trey:Right.
Trey:It's called gold and silver shot.
Trey:And, and it's produced by the refineries.
Trey:When they're melting down the little bbs that, that shoot off and cool down, right.
Trey:They sleep.
Trey:They're all triple nine.
Trey:Fine.
Trey:They're all tested there at the refinery.
Trey:But it's one of the cheapest ways that you can buy gold and silver by the ounce.
Trey:Right.
Trey:And a lot of people don't talk about it because there's not a giant premium that they can go place on it where they make a lot of money.
Trey:Right.
Trey:I like, I like it because it's something you're not going to have to worry about change.
Trey: And it's going back to the: Trey:So, you know, it offers you the same type of protection.
Trey:This is, you know, what they call silver shot here.
Trey:And it, and it, it gives you the same opportunity to own without having to break that down or understand the rest of it.
Trey:There's no mint associated with it.
Trey:There's not a date on it.
Trey:There's not a triple nine.
Trey:But if we end up in that bartering situation, whoever you're bartering with is going to have to learn how to test it just like they did back in the day.
John:So would it be better if I were to get into this and talking, Would it be better to start off with silver and then get into gold, or is it better to start off with gold?
Trey:Depends on the amount of money you're trying to protect.
Trey:You know, I don't like an either or in gold and silver play, Right.
Trey:I like both.
Trey:You know, you can make a case either way you want to, right?
Trey:I mean, that 100 ounce of gold or 100 ounce silver bar is going to weigh the same amount either way it goes.
Trey:Right.
Trey:So, you know, weight wise, you're just talking about how much value you're looking at, right?
Trey:100 ounces of silver right there.
Trey: u know, you're talking about $: Trey: At: Trey:I think my mass hit me quick, right?
Trey:So it's a matter of what you're trying to protect or where you need to.
Trey:What you think you're going to do.
Trey:If you think you're going to have to bug out, you know, you could have all the silver in the world, but try lugging it out of your house in your bug out bag, right?
Trey:You're going to want a couple of gold coins, you know, small size, that you could take, put in your pocket, go and be inconspicuous, right?
Trey:This is a British sovereign.
Trey:It's what we put in our pilot packs during World War II in case they were shot down behind enemy lines.
Trey:So, you know, back then they even knew they didn't give them cash.
Trey:Today, you know, our operators go across with cash because cash is king.
Trey:But back then they went across with the most worldwide recognized coin.
Trey:So if they needed to get back, they had a means to barter their.
Kayleigh:Way through what is kind of your baseline for operations when it comes to, I know that you're not affiliated with any company.
Kayleigh:So if, if you're somebody and you're interested and you're seeing all of these advertisements, are all companies kind of created equal in the space?
Kayleigh:Like you offer a concierge service, what have you learned about, you know, the different companies out there that kind of put the consumer mind at ease?
Trey:It's kind of hard to put the consumer mind at ease.
Trey:It's an unregulated market.
Trey:There are a lot of good, solid companies out there.
Trey:The problem is, it's like anything else, you know, with it being unregulated, there's a few bad apples that will really just take advantage.
Trey:And that's where a lot of people have gotten confused and don't know where to go.
Trey:So that's kind of where I'm at right now with what you said on a concierge service.
Trey:And if anybody's looking to, to get involved, right, Where I'm not affiliated with one company, I'm still connected to the top five wholesalers in the country.
Trey:I still have relationships with 15 or 20 of the top retailers in the company, and each one has their own special niche.
Trey:So when John was asking me, well, what do I do?
Trey:And I start asking those questions, I want to get a feel for who you are, what you're trying to protect, what your belief system is, and then I'll help match you with the right company.
Trey:So that you can have that peace of mind.
Trey:And that's what we're trying to, that's what I'm trying to accomplish now is being a new kind of coin dealer for a new kind of coin buyer.
Trey:Demographics used to be that it was, you know, it was your ultra rich older generation, right.
Trey:That invested and, and that demographic has changed.
Trey:Right.
Trey:And I mean now there's younger people that are waking up and understanding that, you know, they've got to protect themselves.
Trey:And so that's where, that's where you've got to know who it is.
Trey:Do your homework.
Trey:You know, before you, you know the, the, the old adage is before you buy the coin, buy the book.
Trey:And I would tell you before you buy the book, research the company.
Trey:If you think because somebody told you that's where they need to go, go do your homework.
Trey:Go find out who they are, go find out what their belief systems are, right.
Trey:And make sure they're like minded.
Trey:I think that, you know, right now it's more important to support companies that, that are aligned with your conservative right belief system than it is for you just to go buy the cheapest thing possible and not know what those guys are, who they're behind supporting and who they're not behind support.
Trey:And I think more importantly than anything right now, right.
Trey:Is people have to stand up and understand our Constitution.
Trey:We don't need to rewrite it, we just need to reread it.
Trey:Right?
Trey:Second Amendment, First Amendment, those are forefront problems of our country.
Trey:Our borders need to be protected.
Kayleigh:So, and I so agree with, with this reminder that the reason that somebody would get into precious metals and, and a lot of people may say, well, you know, how does that have anything to do with the second Amendment?
Kayleigh:And it's about protecting your freedom.
Kayleigh:It's about the fact that a lot of people have seen the desire of credit card companies to hand over information to the government about who's buying guns.
Kayleigh:It's about creating an entire class for transactions.
Kayleigh:It wasn't very long ago that Discover announced that those transactions are a separate class.
Kayleigh:And we've had a lot of discussion on whether we need a separate economy or a second system.
Kayleigh:And so this isn't to be a scare tactic by any means.
Kayleigh:It's just for a lot of people that are looking and are uneasy with how big the mega corporations have become.
Kayleigh:This is an opportunity for us as individuals to make the choice to say, I think I want a little more control.
Trey:I agree with you.
Trey:And that's, that's exactly what you do Precious metals for.
Trey:It's, it's, you know, they similar to with the second amendment, right?
Trey:You know, people go, trey, well, why do you need a military grade weapon that holds 33 rounds, right?
Trey:You know, to go deer hunting.
Trey:I'm like, no, I'm not, you know, I'm not worried about deer coming after my personal rights.
Trey:It's not deer that I've write.
Trey:I've got to, I gotta Weatherby308 that I'll, you know, I'll handle the deer with, right?
Trey:The rest of it is right.
Trey:I mean, look, America, this gets controversial, right?
Trey:But Americans are gonna have to stand up.
Trey:You know, we're gonna have to.
Trey:There's enough of us.
Trey:I talk to people on a regular basis and I very rarely run across anybody that doesn't agree with the philosophies, Right.
Trey:And so once they figure out, I think, you know, you can even go into silly stuff like the Bug's Life, you know, cartoon, right?
Trey:When the, when they said, look, if those ants ever figure out that there's.
Trey:They outnumber us 10 to 1, we're in trouble.
Trey:I mean, I don't know why we haven't figured out that the government's gotten too big and out of control and it's putting us in a position to where we're having to defend our rights and we're having.
Trey:And we're catering to people that, you know and emotions and their feelings.
Trey:And this country wasn't founded upon that.
Trey:Right?
Trey:I mean, we got tired of paying taxes, right?
Trey: That's what started the whole: Trey:And here we are.
Trey:If people ever really sat down and did the math of how much our dollar is being taxed not just on your income, right?
Trey:Because they're taxing us when we make it, they're taxing us when we save it.
Trey:They're taxing us when we pull it out of those retirement accounts.
Trey:Then they're taxing it on our gas, then they're taxing us on our food.
Trey:By the time they get done, we're at 77, 78% tax on every dollar that we make.
Trey:It's no wonder people are out there struggling, trying to figure out an alternative method and an alternative means.
Trey:And like I said before, with the Constitution, you don't need to rewrite it and we don't need to rewrite currency.
Trey:We need to go back to what our founding fathers built this country on, Right?
Trey:Which is, you know, faith and freedom.
Kayleigh:Absolutely.
Kayleigh:So last question, and then we'll let you go.
Kayleigh:You Talked about the book the Richest man in Babylon.
Kayleigh:Is there any other recommendation for people who may have no education in this space that are interested in building wealth that they can, you know, start that educational journey that you would recommend?
Trey:No, that's a solid.
Trey:It's a short, solid book and it's not gonna help you in the precious metal space.
Trey:You know, if you're asking me for a precious metal space, you know, kind of our, our bible in the coin industry is the Red Book of Coins.
Trey:And you know, it's.
Trey:It's a great starting point.
Trey: Don't look at prices because: Trey:You know, they do it in advance because there's so many coins that they have to cover.
Trey:But as far as mintages and history and the foundation, it's a solid piece for you to start your educational background on in.
Trey:In precious metals.
John:I've got one last question.
John:This is going to be an interesting one that I think.
John:So I buy silver.
John:Let's just say I need to sell my silver.
John:You see, pawn shops and we buy gold and precious metal shops everywhere.
John:Can I take this to the bank or can I.
John:Where's the best way if I need to sell off a part of my assets?
John:What's the best way to sell it off?
Trey:I will always tell people the best way is the company you trusted to do business with when you bought is typically going to be the best company for you when you sell.
Trey:And the reason for that is they get behind certain products and they support them.
Trey:And so they're going to pay you more when it's time to sell than, you know.
Trey:If, if you were to take, for example, a type 2, $20 gold piece, right?
Trey:If you were to take that coin to somebody that doesn't recommend type 2, $20 gold pieces, he's going to try to buy it from you as cheap as he possibly can because he's got nowhere to place it.
Trey:And that's why it's so important for people to do their due diligence on the firm that they're going to do business with, right?
Trey:Make sure it aligns with their philosophy because it is about relationship.
Trey:Stay with that company because they're going to offer you both.
Trey:Now, that being said, should you know what happens if those companies aren't around and we got to actually barter, right?
Trey:So that's when you get into understanding what that is.
Trey:And look, guys, I mean, you've probably seen, right, Costco made the headlines.
Trey:They're selling 1oz gold and it's big uproar in my industry.
Trey:Right.
Trey:Because you know, they're selling 1 ounce gold, you know, they limit it, but it's a, it's a price point that most dealers can't keep up with because of the purchasing power of Costco.
Trey:Right.
Trey:But then flip that around.
Trey:It's going to be great for our industry because Costco's not buying it.
Trey:So when somebody turns around and wants to sell it, they're not going to be able to go to Costco.
Trey:They're going to have to go to another dealer to make that purchase.
Trey:And that's why it's so important for you to know who it is you're doing business with.
John:Well said.
John:Okay, cool.
Kayleigh:I already did, like two last questions because then I had a follow up.
Kayleigh:So it's all you.
John:Cool.
John:Well, Trey, we appreciate you being on.
John:Thank you for sharing your knowledge on precious metals and everything.
John:If people want to reach out to you to consult with you and everything, what's the best way for them to do that?
Trey:Yeah, the best way to do that is, you know, you can follow me on Instagram.
Trey:It's, it's my name backwards.
Trey:I'm just Bo Tr on Instagram.
Trey:Right.
Trey:I'll, I'll start up a YouTube channel which I'm sure will be off the same, but you'll find a link there.
Trey:You can email me@bo tray3mail.com or, you know, I'm, I'm a personable guy and I like people.
Trey:You can reach out.
Trey: -: Trey:Give me a call.
Trey:I'll be glad to talk with you.
Trey:I'll be glad to educate you.
Trey:I'll be glad to answer your questions before you ever spend any money and get you started knowing what the right things for you to do are.
John:Perfect.
John:Well, guys, thanks for watching and listening.
John:Make sure to, like, share and subscribe.
John:Hit the little bell for notification and we'll see you on the next episode.
