Cows, Chickens, Corn and GOLD! (Creating Resilience on the Homestead)
Investing in your future takes a very similar mindset to homesteading. We don’t want to create self-sufficiency but rather build resiliency on the homestead to be able to withstand whatever is coming. We want to do this with our financial future as well.
Join me, along with Jonathan from Genesis Gold Group, as we discuss how we can invest in gold and secure our future.
For more information, visit the blog post here:
Check out Genesis Gold Group here:
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WELCOME! We’re so glad you’re here! We are Josh and Carolyn Thomas. Together with our eleven children, we are The Homesteading Family where we’re living a self-sustainable life in beautiful North Idaho. Let us welcome you and show you a bit about us here:
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– Homesteading Family’s Favorite Holiday Recipes – Grab all of our family’s favorite holiday recipes.
– 5 Steps to a More Self-Sufficient Life – Simple steps anyone can take wherever they are to start a more self-sufficient lifestyle.
– Thrive Wellness Checklist – A simple guide for healthy living:
– Permaculture for Your Homestead- An introduction to permaculture with some strategies for applying it to one’s homestead and garden.
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– Carolyn’s Cottage Garden herb list – Carolyn’s favorite herbs for growing at home.
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– 5 Steps to a Healthy Garden – Get an explanation of what makes healthy soil and 5 steps you can take to improve your garden.
– Save the Crumbs- Several Recipes for using bread leftovers, a less committal entry to bread than the workshop.
– Fearless Fermenting- A simple guide on basic lacto-ferments.
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#gold #goldinvestment #genesisgoldgroup
Hey you guys this is Josh with Homesteading family and welcome to this Week's episode of The Pantry chat Food For Thought hey today is a different Episode I don't have Carolyn here with Me she's there on the homestead uh doing Her thing doing a lot of preserving Getting a lot of food put up and and Watching over the kids and I have a very Special guest and this is going to be a Bit of a different conversation today Most of the time we're talking directly About the Homestead right and raising Food growing food preserving it uh Mindsets and and dealing with kids and And all the stuff around uh this Homesteading life and family but Something that I have talked about a Little bit that's very important to me And and that my guest is going to speak To today is is investment is sound Financial investment and this is New Territory for me um I've done a little Bit of investment in I've got a 401k I've got some stocks and bonds but I've Spent most of my time investing in the Land investing in in animals I mean Reproducing assets as you will as in you Know male and female animals that Reproduce um certainly some gold and Silver I think that's a very very wise Thing uh to have and I'm talking Physical gold and silver is what what I Have done uh where I have possession of
That and so those are the things that I'm familiar with but there are some Other Alternatives that I'm getting Familiar with Um and I think it has to do with owning Gold and silver and so our guest today Jonathan Rose is uh going to share a Little bit with us and and educate Myself and help educate you guys with Some things you can do to safeguard I Think your assets and I I I hope I'm Saying that right Jonathan will Straighten me out a little bit as as we Get going but Jonathan's a season gold Dealer and a prominent figure at the Genesis Gold group who we're going to Introduce you today he's had a 20-year Career in the precious medals indust Industry he's established himself as a Trusted advocate for early Financial Literary education and you know you guys Know we're about educating we're about Educating you in the subjects that Matter to us and that we you know think Matter to you now Jonathan was born and Raised in London England and uh he began His journey uh dealing with gold way Back when actually with Merl Lynch and Morgan Stanley and Prudential so he's Got a deep background in Securities and Financial Investments and it was during This time at the London Metal Exchange That he developed a profound passion for Precious metals and I think the precious
Metals are very very important I would Rather see most of my assets invested There now Jonathan relocated the United States and he's provided a lot of con Consultancy over the years and uh just Been involved in uh the gold market the Metals Market I think we're going to Talk about IRAs and 401 K and how those All mesh today he is a wealth of Knowledge and and a true expert here and As a co-founder of the Genesis Gold Group he aims to empower both the novice Which I sure am uh and experienced Investors with the knowledge and Confidence needed to utilize alternative Strategies I I think we're all about Alternative strategies here in dealing With the state of the world and where We're going so so he's bringing you These alternatives for wealth Preservation and growth and his main Goal is to focus on cultivating strong Relationships with clients so Jonathan It's awesome to have you here Welcome to The Pantry Welcome to The Pantry chat Well thank you Josh what a a lovely Introduction and a pleasure to be here And I'm excited to talk about precious Metals and educate um you know your Listeners on the importance of having a Balanced portfolio and how assets like Gold and silver are pivotal in terms Terms of understanding how to hedge Ourselves against all this uncertainty
That's definitely happening in the world Today yeah absolutely there is a lot of Uncertainty I think you and I and a lot Of our listeners uh you know you could Say believe I'd say we're pretty Confident that uncertainty is going to Continue to remain and and we're we're Questioning what we're doing with our Lives with our assets and how to create What I like to say is better health Freedom and security uh in our our lives Through some of these Alternatives and You know like I was saying a minute ago Um I'm very familiar with holding gold And silver physically you know in my Possession but I know that I know that Holding physical gold in your possession Sometimes is a challenge for people and There's other ways to do it and so I'm Excited to hear from you today on how You recommend you know we interact with Precious metals and gold and silver and Ab them into kind of a balanced Portfolio as it were um so maybe you can Just give us a little start of of um What you do what Genesis gold does and And um how how you're approaching Investing in in gold and precious metals Yeah no good question so you know when People Envision gold they they either You know think of gold coins or gold Bars and like you said you know you may Have held or been purchasing gold and Silver over the years and people are
Just kind of now waking up to the fact That you can do more than just hold on To it at home uh you can now use it as An investment vehicle such as if you Have an IRA or 401K uh essentially you know an IRA some Type of retirement plan you can legally Uh roll that over and put precious Metals in there you know this has been Available for many years it's obviously Gained a lot more popularity over the Past 10 years per se because people are Watching the market yes we've had some Tremendous runs in equities and stocks And people have done very well there but Today what top economists are calling The environment that we're in is Something called the everything bubble So you know you turn on the television Or you read the news you're seeing High Interest rates uh you're seeing Inflation you're hearing things like the Debt ceiling you know that can got Kicked down the road for for another two Years debt does matter we'll get into That a little bit more uh we're seeing You know uh International threats Whether it be Russia Ukraine we see the Rise of you know uh uh cbdc Central Bank Digital currencies so all these issues And more that I'm talking about is Really related to the everything bubble So you know what's going to be the first Domino that falls that's really going to
Cause you know a seismic shift in in the Stock market where people can lose you Know their assets and more importantly If those assets are tied to retirement Dollars such as IRAs and 401ks you know They're the people that are going to get Financially hurt the most you know People remember in ' 08 with the housing Market crashed or you know throughout The years there's been singular events The dotcom crash you know today we don't Know what the Singler event may be Because we're in the everything bubble So people are definitely aware what's on The horizon and it's more of a question Of being a good Steward with your money And being pro Pro active or not reactive You know people don't buy flood Insurance after the Dam's bus you know You want to prepare yourself you know Like homesteading you're preparing You're self- sustaining you know gold is The ultimate Safe Haven it's it's a Hedge against instability you know Dollar declining so people are really Waking up and realizing hey maybe I Don't trust the current Administration Hey maybe I don't trust the US dollar They're seeing all the international Conflicts happening they're seeing Inflation when consum the goods are Becoming more and more expensive you Know how am I going to protect my IRA I'm retiring or retired I don't want to
Keep my money in the market but it still Has to be parked legally in in a in an IR style vehicle so how do we protect That well we protect that by moving Those funds sideways still housing it in An IRA and putting physical gold and Silver in there um and you mentioned Physical gold and silver because yes There's ways of own different types of Gold gold stocks gold ETFs gold mining Shares um and I used to work on the London Metal Exchange in England for Merl Lynch Morgan Stanley and and that's When you had all those people wearing Those colorful jackets crazy finger sign Shouting in yelling that's fun fun time In my life so that's what we call Futures contracts where you know you're Buying and selling contracts that's not Going to protect you the only type of Gold product that protects you is the Physical tangible stuff so like you Mentioned you know having land tangible You own it having animals that reproduce You know tangible you own it it's Exactly the same with precious metals if You're going to invest in an asset That's tangible gold and silver you want To hold on to it and you can do that Through an IRA you know when you have a Gold ETF an electronically traded fund It's just a piece of paper saying you Own gold if you own a gold mining stock Yes you're investing in a gold company
But you're investing in hey do they any Gold who's on the board of directors Who's the CEO are they making good Decisions that's the price share how It's dictated so again there's a big Separator that if you're going to invest In gold you want to hold on to it that's The security um and that's really you Know why we started Genesis goal group Was to be a a good Steward with your Money um educating people because we're A strong believer that and informed Investors a better investor so kind of Giving people that early literacy and Understanding of how to do this and the Steps involved and it's very Straightforward as well but having a Point where people can go to a resource Center have questions answered and Basically help people take those next Steps in protecting an IRA of 401k and That's exactly what we do here at Genesis well I love that this all Revolves still around physical gold and Silver and precious metals and I love The concept of stewardship and seeing Things as as stewarding is a Responsibility puts a responsibility on To us to manage well and really think About what we're doing and you're Helping people do that in this uh you Know Financial area so you covered a lot Right there let's go backwards a little Bit I know a lot of our audience is
Probably familiar with this but some of Them aren't can you just tell us what is An IRA and I think specifically a Self-directed IRA give us a little Background there to start good question Sometimes I talk about this all day and Sometimes people need to you know Understand what is the IRA you know an Individual retirement account and people Probably have IRAs right now they may be With Charles Schwab or Fidelity and we Call these traditional IRAs so maybe You're invested in stocks uh you have a Portfolio of different Assets in there You open up your statements quarterly uh We hope it's going up but sometimes they Also go down you know and that's the Volatility of the market you know with a Self-directed Ira really what it boils Down to is have self-directed in my Opinion just means self-control where You own titleman of the actual asset and You get to control what you want to Invest it in with a traditional IRA how These big Banks make their money off of Your money is through leverage so if you Park your money in an IRA a bank will Leverage that times 10 so if you had $100,000 in an IRA that Ira is really Worth a million dollars to that bank That's how they afford all those big Skyscrapers with the banks names on them And those those big fancy offices that's Their business model with a
Self-directed IRA you're taking away That titlan from the banks and you're in Control and with a self-directed IRA if It's legal you can invest in it so According to the IRS you can invest in Real estate in your IRA land rights Mineral rights oil rats uh Cryptocurrencies precious metals like I Said if legal it could be housed in a Self-directed IRA and with a Self-directed IRA you have to work with A qualified trust company that can house The the legality and setup of it so we Work with a top custodian that's been Doing this for 40 years and the basic Process is very simple clients will call Us they're with Charles Schwabs Edward Jones whoever their brokerage is they Speak to our Ira department and we help Them with what's called an IRA rollover That IRA roll over is taxfree Penalty-free and you are allowed to take Qualified funds from point A to point B And point B it's simply a new custodian So you move away from your current plan Administrator the fidelities of the World to a new custodian that we work With Once those funds are there you now Have control to do whatever you want to Do with those funds within an IRA so be It purchasing precious metals we would Then have a conversation or what we call A metals consultation call where we sit Down with our clients and we talk about
You know what allocation strategy are we Looking at here is it Gold Silver Platinum padium those are the four Qualified metals that are allowed to be Housed with inside your IRA so once we Have an allocation strategy maybe a Split of percentages of metals we then Go on to look at products is it coins is It bars and then once we nail those down We are then able to purchase those Metals and then those metals have to be Housed in a depository so we use a Depository that's in Delaware they're Called ddsc Delaware depository Services They're licensed by and backed by the Major exchanges they're insured by Lloyds of London for a billion dollars And chances are if you have an IRA That's where your metals are being kept You carry on getting your statements Just like you do now the only difference Is is you now have physical Metals in a License depository backing up your Dollars now any point in time you say Hey I need money I need to take a Distribution or I need to take an rmd a Required mandatory distribution well Then at that point you can liquidate Your IRA which is something I really Like because clients now have the option Of taking gold or silver liquidating it Taking the cash value let's say they Need $10,000 they liquidate take the Cash get put back into their account as
Cash or which most of our clients do at This point take possession of the metal Itself a lot of people want to retire With their Ira but they don't want they Want the metals they want to hold on to It so you can start taking distributions In the metals and that's very Advantageous so guess I've thrown a lot Of information at you uh from a Self-directed IRA rolling it over to a Gold Ira um it is quite a simple process But it's knowing the steps and like I Said educating people on how it works But all qualified IRA 401ks tsps they all qualify um as long As you are are retired or of age you can Roll it over so if you have a a Traditional IRA qualify as for roll over If you have a 401k you must be 59 and a Half to be able to roll that 401k over Or it's the 401K you've inherited with You from a previous employer so you know Maybe people have questions about you Know does my IRA qualify and again That's something that we would help you Know your listeners find out on on you Know does your account qualify and the Steps it takes to to roll that over sure Can you start a self-directed IRA with Genesis Gold group if you're not looking To roll over but you're looking to start Something Fresh Start a brand new Investment vehicle like that you can Start fresh from what I can tell you is
Most people that roll over IAS have Seasoned IAS they've held them for five Plus years you know they've have their Nest egg in there so people that are Starting off you know the maximum Contribution you can make yearly you'd Have to check with your CPA I think it's About 6,500 or $7,000 a year but most of The people that we deal with they've Been in the market for years you know They have 50 100,000 you know a million Plus in their accounts and and they're Hitting the panic button and they're Seeing what's happening with our current Administration and our fiscal policies And the value of the US dollar and they Want out um and they want to be able to Protect those funds um and they're and They're doing their research and Realizing what gold and silver fits our Needs during these times um and then They're contacting Genesis and and They're they're really you know helping Them with those next steps on on how to Make that happen for them okay well We'll talk a little bit more about that Towards the end but I'd love to go back To maybe some Foundational uh thoughts on why looking At Gold instead of TR traditional inv Investments and that kind of leads into Does gold replace traditional Investments or is is there a balance That you know people should be striving
For but but why gold to start why why is Gold uh so important to look at instead Of just traditional investment vehicles First of all gold I always tell people It's the ultimate Safe Haven so you know If you think that our economy is peachy And Rosy and and everything you know We're chugging down this road uh and Everything I don't think most people Here think that yeah because if that was You then then gold you know doesn't I Mean it plays a role but that's not People's motivation you know people are Concerned with everything that's going On in the world when you have people Like there's a famous traitor his name Is Michael bur um he recently um made a Huge bet against the market but if I Just kind of talk a little bit about who He is he there was a great movie about Him called the big short I'm not sure if You ever watched that about the housing Crisis he was played by Christian B it's A great movie if you've never seen it But he was a Fame Trader that made a Couple billion dollars bet on the Housing market collapse and and he's got A very um not you know very notable name And and people listen to him when he Speaks up so he just made a huge bet Against the market that the stock market And the S&P will will go down I think it Was like a$2 billion bet uh then you Have famed economist people like nuel
Rubini another another Economist they Call Dr Doom for successfully you know Predicting you know Market crashes and Blips uh again a lot of these people are Saying you know diversify out of paper Because you know large Corrections are Coming so when you listen to these top Economists and people are reading about The rise of the digital dollar where They're trying to replace fi currency You know digital currency so they're Trying to remove our paper cash from Society and make everything a digital Currency well let's face it that's Software it's not a digital currency and Without going too far down a rabbit hole With you it's a form of control right They want to know what we're spending How we're spending you know people are Scratching their heads and and saying We've got this problem we've got that Problem we've got inflation you know Paychecks aren't going up cost of goods Are going up we got supply chain issues We're hearing recession words some People even saying depression we're Hearing real estate tea tottering on a Collapse we're seeing the American dream Being wiped out by interest rates being Unattainable so really what's happening In society today is the middle class is Being evaporated and and we're ending up Where there's extremely wealthy people And there's poor people and kind of
Nothing in between and all these Financial assets that are getting caught Up on the retail side they're being Chewed up by bad fiscal policies and bad Debt that the you know that we're Currently in trillions of dollars of Debt and debt does matter you can't keep Printing money year after year and not Expect you know ramifications with that So really what that leads to is the Dollar losing its value and and when you Combine compound and combine all of These problems that we're noticing Today gold just makes so much sense to People because it's a simple asset and When people look at a track record and And a track record is very important by The way folks whenever I invest in Anything does it have a positive track Record there was a time when when the Bitcoin came out through Cryptocurrencies and Bitcoin was the new Gold and everyone was touting Cryptocurrencies and and gold kind of Lost its luster there for a minute but I Was always beli I'd Rather Have All the Gold in the world and all the Cryptocurrencies in the world and all of Those people that invested in Cryptocurrencies uh some of those that Wasn't named Bitcoin or ethereum they Lost 98% of their portfolio as well so Uh you know gold has never lost its Shine and if you just look at a
Four-year window for assets like gold And silver they've appreciated 40% which Is pretty phenomenal so the real Question is is will it rally another 40% In the next four to five years well Obviously we don't have a crystal ball Per se uh but if we did you know what we Would start to look at is what we call a Road map and the road map in front of us Is all of these issues that I'm sitting Here talking to you and outlining with The rise of debt inflation interest Rates the digital dollar so so we know What's coming towards us and we know Throughout history that anytime that we Have Instability um or or or or really things That are out of our control but we see That are going in the wrong direction People want to move away from that and They want to move to a higher ground and That's why gold and silver is such an Integral part of a balanced portfolio Yes there's rooms for stocks and bonds And and I'm not saying you know sell Everything and put it into gold and Silver if anyone ever said that to you You know that would be bad advice but Having a balanced portfolio protecting a Percentage of your nest egg really does Make sense Gold's been around for Centuries it's been around since the Dawn of time it's not going anywhere and I just think in today's economy it's
More important to have gold and silver In your portfolio that it has ever done Before yeah you know I I love what You're talking about there and kind of The alternative because so many of us Are doing that already I mean that is The homesteading movement what I'm Primarily talking about with people and And teaching and sharing and is people Are hedging what they see and this is This is something that has happened Throughout history I did some research And you can trace kind of whatever you Want to call it back to the land Movements back to the fall of the Roman Empire when people see their culture and Their civilization deteriorating you Know when it's going good they move to The city they go where all the Conveniences are they get to the hustle And bustle and you and and you know That's normal a lot of people move that Way but as they see deterioration as They see the the everything bubble as You put it and all these things going Wrong that we know are not sustainable It has to break somewhere you can't take On the debt we're taking on we can't Have the moral Decay we can't have the Environmental Decay um you know we can Talk about food quality so many things That that aren't going well this has Happened over and over in history in Different times and people traditionally
Go back to the land to the rural Environment to these physical assets and You know both you know emotionally Spiritually and physically they go back To these traditional places and I think And I can't speak this very well but When you look at the history of gold you See people doing the same thing just Like you're explaining and so it's a Very natural part of I think thought for Those of us that are going wow the world Here we just don't see it going well for A while and we're taking action in our Lives and and it's not it's not to go Backwards 200 years it's not to go live Horse and buggy but it is to establish Some Hedges some Freedom some security And gold is a big part of that um Decision I think and and the track Record of gold I think shows that people That do that that that value's been There for what 5,000 years and and it's Always there backing up uh your asset so To speak yeah you know the biggest Change for me I can't speak for everyone But for me personally is that when you Open a statement or you go online and You see a stock portfolio and you see Those numbers on a screen that's one Thing okay when you have and a lot of People may have not experienced this but When you hold a gold coin in your hand Or a gold bar first thing is like wow This this is heavy and it has this lust
It has this shine to it and it does for Me personally emotion of this is real Wealth those numbers on my screen they Could disappear o overnight you know but Having something in my hand so I think For me some like psychological thing Where I I I see this has worth but I'm Holding it I can touch it I can feel it For me that triggered something for me And and that's kind of what made me a Gold bug you know and I can imagine it's Kind of you know similar aspects of Homesteading where you know you see your Life feed you see your crop you know you See you you can touch it you can smell It right and and and and run it through Your hands and and for me you know being Able to hold on to something where it Just can't slip through my fingers it it Just gives me peace of mind and you know When I hear the rise of the FED now coin Which by the way I had a client I share A very funny not funny story but funny Antidote that I had a client that rolled Over his IRA and he worked for Brinks Operation you know Brinks the armored Trucks That he was very up at Brinks and he Told me he was working with the Federal Reserve and he said Jonathan he's like I Hate to tell you this but you know I'm One of the Architects behind the FED now Coin and he's like and I'm here working On the Death Star and he's like and I
Know what happens next so this is why he Was rning over his IRA and the things he Was telling me was making the head on The back of my neck stand up and and Ultimately things like the FED now coin Where we're going digital which is like The precursor to Central Bank digital Currencies it's going to affect retail It's going to affect the workspace with You know people not being needed anymore But it's going to affect us personally In our pockets in our bank accounts here In the next couple of years it's going To be a a slow transition but a quick Transition in the sense they're just Going to put it on us and it's and it's Already here and you remember when there Was the in Canada the truck drivers they Had the strike and oh yeah yeah try to Pick it and keep them off the lines Remember how they disperse those people They took away their money Electronically and that's how dispers Those people so that's my fears you know When we go to a rise of a digital Currency which again I hate even calling It a digital currency it's a software You know you lean a certain way Politically you have certain beliefs There's someone behind that curtain that Can hit the delete button and your money Can be gone so for me personally holding On to my wealth Nothing is going to ever stop me from
From wanting to hold on to my wealth Versus logging in to a portal and seeing Some numbers on there not saying you Shouldn't have those portals how to log On but for me personally I I want to Hold on to my onto my worth and that's My conviction and that's that's my Belief about the market well and Diversification right you're not you're Not proposing that you put everything Into gold or precious metals we we live In the world we live in and Diversification is Al always been wise Um you know even farmers of the past That are making a living today we have These big monocultures and they throw Everything into one basket but if you Have a crop failure everything fails Correct and and so more and more people Are realizing that even even as we look At smaller scale Agriculture and you Know I'm talking our language here from Homesteading but you don't just do one Crop you do multiple things that create Resilience in your life and that that's A word that I love to encourage people In we're not trying to build Self-sufficiency as much as we are as Resilience towards the things that we're Going to deal with in the future and and Gold uh I sure think is a part of that So tell us a little bit uh about setting Up a gold or or maybe a precious medals Ira with Genesis Gold group how do you
Go about doing that well they can either You know go to our website Genesis gold Group.com they can even call us we have A very easy number to remember 8002 200 Gold that's a pretty easy one for people Um and you know you'll speak to one of Our gold Specialists and they first and Foremost find out you know what are you Trying to achieve you know find out if Your plan qualifies for an IRA rollover Which i' would say 97% of plans do Qualify and then we have a highly uh Field of expertise with our department That handles Ira rollovers and they will Um you know come on the phone speak your Current custodian your current plan Administrator help you with the Liquidation help you with the IRA Rollover keeping it penalty and taxfree Setting you up with what we call as a Landing pan for your a landing pad for Your new funds to arrive at um and the Process can take two to three weeks so It's not a question of people call in And and people do this they call in and Say I want to roll over my IRA today and We'll help them with that but it's it's Not just okay you're buying gold today You know it's a little bit of a process Uh because there's a few parties Involved so you know it's a one two Three possibly four step uh that can Take you know two to four weeks I've Seen on the on the longer end so it's
It's definitely a question of Understanding um the steps educating us Letting you know you know what happens Step by step people want their questions Answered that's that's what we're here For um we've been helping countless Peoples do this so um again you know 401ks tsps IRAs and outside of those you May be saying well what if I just want To buy gold or silver right so we do That too um you know oh so you sell Actual you guys can sell actually gold And silver and deliver have it delivered 100% we ship it it's insured delivery uh Delivery up until people sign for it and And oftentimes we'll have people roll Over the IRAs and and then they say well You know but I want to have something at Home as well so you know we help people With silver some maybe tradable bartable Products there's lots of different Products out there that are going to Ultimately give you the end goal of the Hedge and protection but then there's Going to be products out there that Maybe fit someone's needs more maybe They're more of a survivalist okay and They want small quantities fractional Gold fractional silver something they Can use trade bar to with something That's portable so there's there's There's quite a varied types of products Out there that that can perform better Than one another that are going to kind
Of fit fit the box that depending on What what you're looking for so again You know IRAs 401ks physical deliveries You know we anything that's precious Metals that you can hold on to that's Our Specialty wow a question you just made Me think Of if you're gonna hold gold or silver In a self-directed IRA does that have to Be in a repository or can you hold it in The IRA and still hold it s or those two Different situations scenario no that's A great that's a great question now There are some outfits that will tell You that you can hold gold in a Self-directed IRA and then hold it at Home I would highly uh be cautious of That and do not recommend that because You're getting an IRS audit and and and That that gold company is left you know With no repercussions and and and you Are so the only way to safely put uh Precious metals into an IRA uh per the IRS is to have it with a custodian and Also to have it in a license depository So the license depository we use like I Mentioned is backed by the major Exchanges and insured by Lloyds of London for a billion dollars they're not A bank they're a depository that's all They do is they hold Metals in there so Um if you wanted to take possession of Those Metals absolutely they're your
Metals they're titled to you they're in Your name you can take a distribution Anytime and like I mentioned you know 9 95% of our clients that are then taking Rmds required mandatory distributions They're actually taking possession of The metals themselves and then at that Point kind of cashing out the IRA but Taking hold of the metal keeping it at Home um and that's a very advantageous You know thing to do sure sure um let's Talk about gold and or gold versus Silver and just there there I mean and I Know there's some other medals there as Well but generally people are thinking About gold and silver it's what's Familiar and you know there's platinum And plaum and and that's maybe an Extended conversation but um benefits Over gold or silver trying to establish A balance between both one over the Other ju just generally I mean I know People gota sit down talk to you guys Get details but General philosophy or That's a great question you're putting Me on the spot now with these questions Um you know no it's a it's a good Question I'll probably say that's the First question everybody ask me what's Better gold or silver and and there's no Real right or wrong answer here to be Quite Frank with you because earlier I Mentioned about I look at everything With a track record well if you look at
Gold and silver they're kind of neck and Neck over the past four years 40% give Or take ones higher than the other that Day percentage wise but they've had a Stellar track record where gold goes Silver follows um but if you look at the Numbers and you quantify the data you Know we roll over about4 to$ 55 million A month just in IRAs which may sound Like a big number to you but it's not in The financial Grant scheme of things but I would say 70% of those funds are Highly skewed into investing into silver Now why is that well there be a couple Of reasons um people feel and I agree That silver is very undervalued uh when You look at the silver to gold ratio There's a kind of a mark on that chart That when that crosses that's the Buy We're kind of on that right now premiums Are lower on Silver than some a lot of Gold products and more importantly when You look at all the industrial and Technological uses for silver it's at an All-time high so there's a report that Comes out from the silver Institute I Read it at nighttime Josh it puts me Straight to sleep it's like a melatonin But it be paraphrased pretty simply and If you looked at the chart the demand Industrial technological demand for Silver is is parabolic it's it's it's Just going up and up and up uh supply of Course is eventually going to dwindle uh
We're meant to be going fully car uh Manufacturing electric by 2030 good luck We'll see how that turns out don't think We have that right but you know that's The direction we're going so when you Look at quantifiable data now silver People are very bullish on Silver now Not to say gold is bad because we have a Little saying in this industry you don't Wait to buy gold you buy gold and weight Right because based on everything that's And and and when you look at you know More uh what's the best way to put it More um data that isn't with us but more Uh Forward Thinking or forward Outlooking we have things like bricks uh The Brick Nations Brazil Russia India China they're coming out with their own Currency excuse me that's my computer Beeping if you hear that it's it will Disappear um but they're coming out with Their own currency and is it going to be Backed by gold well this is in talks Right now so this is more speculative Ative data so again speculative data for Gold is also very bullish uh but if we Look at quantifiable data right now for Silvera what we have in front of us this Is the real data that I believe people Are are really kind of moving more into The silver than than the gold products Again not to say Gold's bad or one's Better than the other having a balanced Portfolio on our asset allocation phone
Calls with our clients is very important To us sometimes people just feel that You know well grandparents told me you Know that I should be holding gold and That's their reasoning you know other People do look at this det2 and and and See the industrial uh charts for silver You know going going off the chart so That's their reasoning so where gold Goes silver follows they're both great Metals to have there's no right or wrong Answer but I would definitely say uh Silver is is where where we see the fund Shifting into more yeah I I sure like Silver over the years but it's it's more Because I view it as that hedge and Something that I can spend if I need to If the dollar just hyper inflates if you Know the different scenarios happen and So silver you can get in nice Denominations that uh seem good for Everyday use and and so I appreciate That value of silver I mean it seems Like over the years they both go up and Down in relation to each other and and I I I like the long term and I like that You're encouraging people to think about Their own reason And um you know what's right for them People have different reasons and and That leads into uh one of my next Questions is just things that people Should be thinking of when considering Getting into gold or silver in an IRA
What are some of the questions maybe They should ask themselves prior even to Reaching out to you or to think about as They're getting re getting ready to Reach out to somebody like genesis that That they've considered and thought About it's a good point point I think More importantly than the questions that They should think about is who whom They're working with right um you know There's lots of people that do what we Do you know precious metals gold IRAs And the first thing and the reason why We started Genesis is because of our Beliefs and how transactions should work In this industry there's a lot of Companies and I w't throw them under the Bus or mentioned names but they charge What we call High spreads High premiums High pressure sales tactics you know Marketing tactics you know free $10,000 Worth of silver you know who do you Think's paying for all of this you know You Are so I think the importance is is when You speak to any precious metals firm That you feel comfortable with it anyone That's on the other line saying you have To do this today or high pressure sales Run a mile you know because they're not The people you want to work with you Know you want to work with someone That's going to educate you in form you Guide you um you want to feel
Comfortable with the metal specialist That you're working with make sure they Have an a rating with a business bureau Um you know look them up online do they Have good press um you know just kind of Scratch away a little bit and and Understand who you're doing business With you know for us I think the game Changer is and the few companies maybe I'm a bit biased right because I'm one Of the co-founders of the company but Something we prayed ourselves on is Customer service um you know a lot of Times especially High net investors that We work with they're with Fidelity Charles Schwab and they're moving in a Million dooll accounts over and they one Of their is that well I haven't spoken To my broker in years he never calls me And I tell them what he's gonna call you Today because you're moving a million Dollars trust me so then they said he Called me he called me yeah of course he Called you because that million dollars 10x that's worth $10 million account to A brokerage account but you know we Pride ourselves on client relations Customer service uh following up all of Our clients get portfolio updates they Get calendared they get scheduled we Want them to understand that the Products that they're in they're not Just thrown into something that's what We've been that's the business model
With these brokerage accounts over the Years they're thrown into these these Products and often when I ask people Well what's inside your IRA they say Well you know some stocks some I'm like Yeah but what stocks and and they don't Know and I don't say that to them to Make them feel bad I I say that to start Now's the Time to shed that Spotlight on What you have so you can understand what You're in and is that a good position For you to be in based on what's Happening in the economy right now so That when they do take that step and Then roll into gold if I can render Myself useless and they're making all The choices I've done my job because We've educated them and informed them on Why they're doing this what products They want in there and I think that's Really the main difference per say not So much what questions they should be Asking it's just more that relationship That they're going to have with that Those people are they going to be there With you once you roll your IRA over Because that's important too because IAS Need servicing people need to take Distributions people need to liquidate People want to purchase so you know we Are a buyer as we are a seller and as Much as people are rolling over IRAs Every day people also you know Purchasing and selling purchasing and
Selling so it's a two-way street and you Just want to make sure that the company You're working with has the Infrastructure and the support um and The right people and the right team to To give you that warm and fuzzy feeling To make sure hey you know I feel good About this I'm working with the right Company yeah that that philosophy really Resounds with us here at homesteading Family in the way we try to encourage People to act thoughtfully there's There's a lot of fear there's a lot of Concern right now and and rightfully so But we don't want to be a people that Live in fear and act in fear fear wakes Us up concern wakes us up it gets us Looking you know at the issues around us But we need to not just then respond to That late night TV ad or or the email That says you have to act now and I'm Not just talking gold and silver I'm Talking people making the decision to Move out of the city and move to the Country and start a homesteading life And they cash in their 401k and invested All in property and and land I there's So many decisions that that like-minded People like us sitting here today and Our listeners are thinking about that we Need to have a thoughtful approach the End of the world isn't tomorrow we can't Control it if it is um you know we can See uh the things that motivate us the
Concerns that we have and we can take Action but we need to do that in a Measured way and I and I love it that You guys are offering to help people do This in this Arena and you guys we are Not uh a uh affiliate for Genesis gold We're here because this is something I'm Thinking about and I've gotten to know Jonathan and and Genesis gold a little Bit so it's an option that I'm looking Into that I value that I'm taking my Time thinking about and really just want To encourage you guys to think about This as well and is this something That's right for you and and I know the Guys over at Genesis gold um are going To take their time with you to help help You work through it and make a good Decision not a decision in fear or quick But um help you figure out what is is it Gold or silver what I I don't know how Much counsel you guys give about what Part of your portfolio and how much and And those different things but but I'd Assume that Genesis is going to help you Guys think through that and make an Informed decision I feel very confident In that and um so with that you guys we Will leave you that information to get a Hold of Genesis gold um and whoever Jonathan wants you to reach out will'll Leave this for you in the description in The show notes below so that you can Reach out to them if this is interesting
To you you and and uh you think it can Be a help to to the steps you're taking In your life right now and Jonathan I Just want to thank you for coming on and Sharing your knowledge and expertise uh Very very valuable and just really Appreciate what you guys at Genesis are Bringing to the marketplace uh to help Us with these concerns and in a place of Trust because there there this is a World that's full of scam full of full Of pressure and act now and um you guys Bring some good balance and Encouragement of us to be good stewards And wise and thoughtful interactions and Really appreciate that yeah thank you Josh I really appreciate talking to you And hopefully uh educated some people Listening right now and uh uh I really Appreciate uh your time with me today Absolutely I'm sure you will hear from a Few of our listeners soon you guys it's Been great hanging with you uh we'll be Back soon and until then uh take care And God bless
