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Sept. 30, 2023 - Blood Money
33:30
Blood Money Episode 53 w/ Andrew Sorchini
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Blood Money Episode 53 with Andrew Sorcini.
Save your wealth with precious metals when the financial collapse happens.
Alright, we're on the next episode of Blood Money.
Today I have a very special guest, Mr.
Andrew Sorcini.
Is that correct? That's correct.
Awesome. Well, nice to have you on our podcast, sir.
Could you tell us a little bit about your background in precious metals and what you've been up to?
We've been super busy.
The name of my firm is Beverly Hills Precious Metals, and I've been involved in selling gold and silver and helping people protect their assets with tangible gold and silver.
And I've been doing it since I was 15 years old.
It was my first job.
And I was actually involved years before that as a young kid collecting coins and started off with silver and worked up to eventually having gold.
But now it's a full time business and we're doing more than a half a billion dollars in retail sales every year.
Oh, wow. Wow. What was your, I mean, I guess, what was the fascination with precious metals?
I know it's been a big thing recently because of the economy, but you started this stuff like way back when.
Yeah, for me personally, what happened is that we moved to West Covina, California from another part of California when I was nine years old.
And so it's like 1979 and we lived there was like a shopping mall across the street on the backside from us.
And after school, I'd hop over the wall, cross the street and take whatever quarters I had and play video games.
They used to have a Sega Center.
You can go in there, play Pac-Man, all the different video games.
But the money didn't last long, and I still wanted to hang out in the mall.
In the mall, they had a coin shop, and I like old things.
I used to walk in there and look around, and I'd buy coins and silver coins, everything.
It was fun for me.
It was a great hobby. But I spent so much time in there that I got to know the people that owned the coin shop, and they'd been in business for about 30 years.
And just every now and then, they would say, hey, Andrew, why don't you head over?
Here's a few bucks. Go pick up some lunch for us.
Get something for yourself.
Just running errands.
And then sooner or later, they just asked me to do small jobs.
I was like 12, 13 years old at first.
And they brought me in as a regular employee when I was 15 and selling coins to people that would come in and want to buy them.
At first, it was just more for collectors, but after a while, I would see people come in and buy like $50,000 or $100,000 worth of gold coins.
And that's when I first learned that people will buy gold because gold never really loses its value.
It's globally recognized as a means of transacting.
And since our dollars aren't backed by anything real, it's actually the real world's currency.
Exactly. Now, how has your business evolved in this last, like, three years?
Because I know I've been very fascinated about precious metals and, you know, I don't want to hold dollars.
I want silver and gold.
And a lot of people, I think, are thinking in similar terms.
Sure, sure. And it has changed in the last three years.
I got involved with several different ministries and do many different podcasts and even some TV. And it's gone up like 60 times, like the amount of business that we do.
For me, it's a little bit monotonous talking about gold and silver every day because gold is gold and silver is silver.
But what seems like old news to me is something that people genuinely want to learn about.
People out there want to understand, why would somebody own gold and silver when I can invest in gold and silver on the stock market and buy ETFs?
Or when stocks are down and I'm afraid to have money in the stock market and real estate is starting to soften up, why is owning gold and silver a better idea now than these other traditional investments?
So I talk about these on these different podcasts.
I met some great people.
General Flynn is one of, he's my company's spokesperson and we've made a two ounce silver coin with General Flynn's likeness on it.
And I've met so many people through these people that we've just been busier than we can handle.
And we welcome more.
We're constantly adding more staff, but we're We're one of the few companies out there that will take the time to be able to hold someone's hand and explain to them from the very beginning why this would be a good investment for them.
So let me ask you on that tip.
I mean, what are people talking about in terms of what's currently happening with the economy out there?
I mean, do you think there's literally going to be a transition here for some to gold and silver because of our economic issues or where do you think this is all going?
Okay, so to answer that as directly as possible, if you see the inflation numbers that they talk about, the inflation numbers are roughly around 7%.
That's what the government is telling us that goods and services that we buy now cost 7% more this year than they did last year.
But realistically, it's about 20 to 25%.
And if you look at just the price of eggs, the price of eggs is doubled.
You look at gasoline, gasoline is up about 20% all the way across the board, even though it's retreated from its highs right now.
Almost anything anywhere is going to cost 15 to 20% more today than it did a year ago.
So that means that the dollars that are in our pockets have lost value.
I mean, it's still worth a dollar, but the dollar doesn't buy as much.
So if our dollars are only buying us 80% or $0.80 per dollar worth of goods...
Then that is almost the same thing as a tax.
So the government keeps printing more money to buy things we don't need with money that we don't have.
And this is valuing the dollar.
So, you know, looking at precious metals, I can tell you from my own experiences, when I started looking, actually, there's a website called goldsilver.com.
I'm not trying to push them by any means.
It's just, I recently found out about your website and I'm definitely going to be checking that out.
But what was confusing to me is, as somebody that's used to like currency, like dollars and kind of these different denominations, It is a little bit of a learning curve when you're going out there trying to find precious metals.
So is there like kind of a starters approach that you recommend to people that are looking to secure their wealth or their savings?
I would say that people should reach out to someone that is already vetted and or vouched by somebody that you trust, know or love.
So for me, being involved with several of the different ministries that I go on different podcasts and talk about gold and silver, these people have checked me out.
They've purchased from us and they start with small purchases at first and see how the transactions go.
And if they're comfortable with it, then they will come in with larger amounts.
But really, you need to be referred to a company that's a good, honest company by somebody that you trust.
So I think that it's a little bit of a leap of faith no matter what you do.
For me, I've got to do what I say and stand behind it, and we always do.
Okay, so I'm going to paint you a picture right now.
Let's take a journey into the apocalypse.
Today, I am preparing for what might come down the pipeline.
Some people think nothing's going to happen.
Some people think that the entire world economy is going to crash, right?
I want currency that I could use, right?
You can't walk around with gold bars trying to buy bread and stuff.
I mean, how does one negotiate that?
How does one approach the whole idea of buying precious metals in order to be able to actually have a negotiable instrument that is usable in the market where you can't walk in with a brick of gold and buy yourself some bread, you know?
Sure. So at the stage we're at right now, all it really is is portfolio insurance.
So as the dollar loses its buying power, typically gold is going to continue going up.
So the dollar is buying less, but gold is going up in value and you're sort of recouping what you're losing in the value of the dollar.
So to answer your question, at this point, it's really not a feasible thing to go out and buy things with gold and silver.
But there are people that do it.
And there's one gentleman that was a client of ours, and now he's joined the Reawaken tour that I'm also part of.
And he goes around and he tries to make every purchase that he possibly can with silver.
But in order to do that, the person that's giving silver for a good or service and the person receiving it have to understand what the value of that silver is.
And most people don't know that right now.
Even the people that buy it from us, they'll say, Andrew, I have $20,000 and I would like to invest in silver.
What would you recommend?
And I will tell them that they should invest in what they call 90% silver coins.
Those are also referred to as junk silver.
Those are dimes, quarters, half dollars that used to circulate in American currency dated 1964 and before.
Those have silver in them.
And we will barter with those in an apocalyptic type situation.
And at that point, it would become much more clear What those would be worth and how much buying power you have with each coin.
Got you, got you. Interesting.
Have you heard of these things called goldbacks by any chance?
I have. And I'm not typically...
Like, it's not something that I truly believe in because there are, like, say, gold-backed credit cards.
And it's my understanding that most of these are oversold.
So, especially with the paper assets for gold and silver that you could invest in in the stock market, it would be like if I have a home for sale, And one of the terms of me selling it to someone is that you cannot move into it.
Nobody can move into it.
You can purchase it from me, but you cannot move into it.
And then I turn around and sell it to five different people.
Well, if five different buyers buy the house and they all want to decide that for some reason they would like to occupy that home, it would be impossible.
They have five owners.
Well, that's what's happening with a lot of these gold backed investments.
That are available through the stock market or outside of the stock market.
And if I were to do something like that, it would be like a Ponzi scheme.
That would just be a terrible idea.
And I don't know how the government could allow for these assets to continue to be out there marketed to people that are buying them with retirement funds.
It's something they should stay away from.
So the trick is to get, it sounds like the trick is to get these old coins that have some silver in there that you could use.
Let's say the dollar falls apart, you need to go get bread, you need to go get food and water.
You use these old dimes that have a little bit, or nickels or whatever it is that have a little bit of silver.
Hence, they would be equivalent of, like, what is an old dime worth that has a bunch of silver in it?
So today an old dime is worth about $2.
It's got like $2 worth of silver in it.
Okay. So I could basically buy a $2 loaf of bread or if I was to be like, hey, you know, I have $5,000, you'd send me a whole bunch of these like dimes, I guess, that big bag of them that I could use for daily use and stuff.
Exactly. And you'd be surprised.
As people start to learn about this and you go out and you have this knowledge and you're thinking about it and you go and talk to people that you know, if you talk to enough people, you're going to find people that you already know.
That have already been stacking this kind of silver privately.
It's just, it's not the type of thing that you would normally talk about.
Like you don't, someone says, hey, how you doing?
And you go, hey, I'm doing great.
It's raining today. By the way, I just bought $50,000 worth of silver.
People don't usually give that information, but your neighbors are already doing it.
And people are preparing for the dollar to collapse, which I don't mean to sound like a doomsday, but since 1971, our dollars have not been backed by anything.
And government can print as many dollars as they feel like.
And that's a house of cards that will definitely come crashing down at some point.
And people need to be aware that you want to have a backup plan for when this happens.
Russia now has recently made it so that they're backing the Chinese Yuan as a currency for transactions.
And there's a bunch of nations called the BRICS nations, which are Brazil, Russia, India, China, South Africa, and now Saudi Arabia, that have all banded together to topple the US dollar as the world's reserve currency.
These countries are trying to make the dollar fail.
And when that happens, or as that happens, people will lose confidence in the dollar and you're going to need another way to transact.
Wow, wow. So we do this on our show.
I know we don't have a crystal ball, right?
But let's have a little fun here and do a little future prediction.
We're talking about potential fall of the economy.
We're talking about potentially what happens after certain things fall into place.
What do you see as the future?
I mean, if you were to kind of just, you know, take liberties, you know, we don't have to be right here.
But what do you see as what's logical to be coming down the pipeline?
Well, first, I believe that America is the best country in the world, and I do believe that this is going to have a happy ending.
But like many things that aren't going well, sometimes they need to bottom out before you can start to rebuild.
And The dollar needs to be backed by something.
And for the past few months, the government's been rolling out something called the Central Bank Digital Currency.
It's been in a pilot program now for about four or five months.
And people out there can Google it and you can learn about it a lot.
And what the government's trying to do is make it so that we can use our cell phones to pay for everything.
And it would work like a cryptocurrency, but it would be more like a token, how people out there may have heard of Ethereum, which is considered a crypto, but it's really a token.
Well, the central bank digital currency would work like that, where every single day you look at your phone and you see what your balance is and you just swipe it to be able to buy things.
And that way, all of your purchases Could be scrutinized by government or some sort of policing agency.
So let's say that you live in a liberal neighborhood, but you voted conservative.
They could shut you off when you're at the gas pump.
If somebody has child support payments, they don't pay it.
They can shut you off. You can't buy anything.
You would lose your freedom to be able to buy whatever it is that you want to buy.
It's taken away our privacy and it's taken away our liberties.
And that's what I see coming in the future.
And I think we have to fight against that and help protect ourselves by owning tangible assets that are out of the centralized banking system to try to combat this.
You know, and being realistic here, I'm sure there's going to be some people, likely a lot fewer, that are going to do what you're talking about, which will probably be the wiser of the bunch.
I think a lot of people will go for that.
There'll be a split in society where people do go with the digital currency, just like people go for the COVID vaccine.
Even though there's a lot of bad news out there about the COVID vaccine, they seem to kind of really be going, you know, Towards what the brainwashers of the mainstream media tell them to do.
I mean, what happens at that point where you have a fraction of the country, like literally you're looking at, I mean, are you looking at a split society where you have a faction of the country that's living a certain way while the other faction is basically in the slavery system?
I do. I do.
And I'm grateful for shows like yours that can go out and give people the real story.
Because I know this is sort of old news, but what you're seeing on the mainstream media is what they want us to believe.
So yesterday I saw that the Wall Street Journal reported what I just mentioned here about about Russia using the Chinese yuan as as a currency for many transactions And they're urging the rest of the world to do so. Well this for me. This is old news I've been talking about this on podcasts for a year.
But the significance of me talking about it now is that so-called mainstream media, Wall Street Journal, reporting that We've seen a shift.
It's shifted from the conspiracy theorists, which is how they discounted us when we were talking about this a year ago, to mainstream news.
And there's a half a dozen topics that are similar.
Earlier last year, Biden said that there was no inflation.
And then a few months later, he's issuing checks for the inflation here.
He's issuing like checks to people to help make up for the inflation that he said never happened before.
So I think it's all about preparation.
And for people that have only heard about people investing in gold and silver, they could reach out to us and educate themselves prior to investing.
And it's a no pressure deal.
And they absolutely should.
Wow. So, you know, getting a little bit more into detail in this little choose your own adventure that we're creating here.
I mean, what does society look like?
I mean, visually, what does it look like in this new world that you're talking about?
I think, ultimately, People are going to end up buying every single thing with their phone.
Because if you go anywhere, you go to the mall, you see all the young people.
I'm talking teens and 20-somethings.
They're all just sort of leaning up on something, looking at their phones like this.
All of them are. So if you talk to them and say, how would you feel If the change that you receive in the dollar bills never existed again, and you could just buy anything off of your phone simply just by tapping how you do with Apple Pay, and they would say, oh, that would be a dream come true.
I don't have to carry a wallet.
I don't have to worry about getting robbed.
I don't have to worry about keeping track of change.
But you give up liberties.
Every transaction that you do Would be a public transaction.
Other people could see what you're doing.
See, the big banks don't want people to invest in gold and silver.
There's a reason for that.
They're investing in gold and silver because they know what's coming.
They know that the dollar eventually is going to come crumbling down.
It's already started. It's just waiting for the final blow.
And at that point, Our future could be that dollar being backed by gold and or silver again, and it could be worth something again, and we can continue to be the number one currency in the world.
I know we're kind of bouncing around in terms of the precious metals topic.
Is there anything that we didn't discuss that's important for the viewer to know?
Yes. Out of all the gold and silver out there, some of the gold and silver is reportable and some of it is non-reportable.
So we've talked a little bit about the tracking, the centralized banking system.
If I wire you money, those transactions can be seen by anybody that can see our bank accounts.
Same with cryptocurrency.
But with physical gold and silver, If you're buying, like, say, gold bars, one ounce gold bars, or 100 ounce silver bars, those are bullion.
Bullion is something, by definition, it's an item that says how much gold or silver is in it right on the coin or bar itself.
Well, bullion is recordable.
So when you sell it, Whoever's buying it from you is going to ask for your name, your address, a driver's license number, a fingerprint, and your social, and you're going to get a 1099 the following year.
With the 90% silver that we talked about earlier, those are semi-collectible silver assets.
Yeah, they're non-reportable.
Interesting. Interesting.
Wow. All right.
All right. Yeah, and that's the way to go.
On those bad boys, huh? Absolutely.
Collectibles. I guess it's collectibles now.
Tomorrow it might actually be a steak on my plate, but hey.
And that could change in the future.
So you want to get whatever you can get that's non-reportable now.
And this whole thing about some of the gold and silver being reportable, the way that that came about was after the financial crisis, after 2008, when Obama started his first term, he passed something called the Dodd-Frank Act.
And the Dodd-Frank Act covers many, many, many things.
One of them makes gold and silver reportable.
If it's bullion.
And the thinking behind that was to protect the American people from, say, illicit businesses like human trafficking or drug cartels, because they could launder their money using gold or silver bullion.
They can buy $5 million worth of gold from me today and then sell it back to me tomorrow and be washing their dirty funds by doing that.
So the government says, hey, this is how, this is why We have gold and silver that are reportable.
This is why it's good.
But really, they want to know who out there is stacking gold and silver.
And that's the truth.
It may not be entirely for illicit dealings.
They want to know who out of the American people is out there investing in gold and silver outside of the centralized banking system.
Wow. Wow. They want to go like full slavery, huh?
They do. They do.
Wow. It's really sad that these kids that were raised on their cell phones and under these, like, frankly, tyrannous laws like the Patriot Act have just become too used to this stuff.
And it takes people like us from a different generation to actually recognize that this is boldface tyranny in front of us.
They want to make us slaves.
Exactly. And it's like, for people like me and you, our grandparents were around during the Great Depression, or at least right after.
And we've heard firsthand stories about how difficult things were during those times.
But it's been so long since here in America that we've had anything remotely as difficult as that time during the Great Depression.
And we've just had it so good for so long, we just believe everything's going to be okay.
And I'm sure that to a degree it will be okay, but we need to protect ourselves.
And I hate to, and I say this in no demeaning way, but the Great Depression was a walk in the park compared to what my ancestors went through under tyranny and communism, the same stuff that is happening here today.
Today. It's coming.
And I recognize it.
It's, you know, they want like USSR on steroids.
And I'm fortunate enough to have ancestors that know what that means.
And I do not mean to demean the Great Depression because my, you know, grandparents also went through that.
But that was easy compared to some of the stuff that's going to come down the pipeline if we don't fix this.
Yes, I'm so glad that you mentioned that because I talk to people all the time.
I have so many stories.
I have one client.
He's a very wealthy client.
He fled Austria during World War II with the clothes on his back and the gold that his father had.
And they came here and just had to start their lives over with nothing.
And it just illustrates that gold then was the world's currency.
It was a means of survival for them.
It's how he's here today that they were able to come here during World War II. And he talks about it all the time.
And not enough people out there have stories like that anymore because it's so long ago now.
And that's another thing that I try to do is educate people on how it can help you.
And if people do invest in gold and silver, it's not a permanent decision.
It's not like, oh, wow, I bought that gold.
I could never sell it. You want to convert it back into greenback so you can do that anytime you want.
Quick question about the prices of gold and silver.
If some of these things that we think are going to happen are going to happen, where does the price of gold and silver go?
Well, that's a good question.
So, with gold, gold continually goes up.
So, you might see it go down for a few days, but ultimately, over time, gold has always gone up in value.
It was 20-something dollars an ounce back in 1971, and today it's at like $1,838.
And it's been as high as almost $2,100 for one ounce.
So gold is an excellent investment.
Silver is, as far as speculating, is a wonderful investment, but silver has been manipulated by the big banks.
So every time silver starts to gain momentum, the big banks will sell silver and bring it back down.
But that cannot continue forever.
We don't know when that'll stop.
But it will eventually. It will stop and silver hence and therefore will skyrocket eventually.
It will. It will. And people are going to do quite well.
It's just you can't like take a second out on your home today and invest in silver.
Silver is very volatile. You could end up wanting to sell it back to me six months from now.
It could be 10, 15, 20 percent less.
So silver is volatile.
Gold is a lot more stable.
But I think if you if you can hold on to it, I think silver has the best potential.
So one last question.
What about crypto?
What do you say to people that are investing in crypto, taking their greenbacks, converting them to crypto in the hopes that when the dollar falls, the crypto goes high and they'll make a lot of money?
Well, I've been involved in crypto for six years and I've seen just so much like with what happened with FTX recently going under and I see a lot of fraud there.
We've seen that happen a half a dozen times in that timeframe.
And I think crypto is still the wild, wild west.
The swings on the upside and the downside are just too big for most people to be involved with.
Many people that invest with their retirement funds, and if I heard that one of my clients went and bought, say, 20 Bitcoin with their retirement funds, I'd say, wow, I hope that you have other retirement funds available because you could end up selling those for a significant loss.
If you're wealthy and you buy 20 Bitcoin, then that's just a little bit of gambling.
But for me, they call it a store of value.
I don't think it's a store of value at all.
I think it's like big time speculation and it's not really backed by anything.
Wow. Wow. Interesting.
In fact, after this interview, I'm going to pick your brain about selling my crypto and getting my hands on some gold, silver, because that's my concern, too, that if everything falls, I mean, at least with gold, silver, you have some tangible that historically has always kept its value.
But crypto doesn't have that long of a history.
Exactly. Elon Musk once tweeted, what good is being a billionaire if you're on an island with no internet and you're staring at your phone and you're looking at how much money you used to have when you weren't trapped on the island?
And it's like... If there's no internet, then there's no crypto.
I mean, even if you have it on a memory stick, if you have it on a cold storage, yeah, sure, you have it there, but there's no internet.
But your gold and silver is still a way to be able to buy things.
Even cash would be better than cryptocurrency in that situation.
And with things happening in the world, balloons up in the sky being shot down, Who knows?
It could be part of a financial war trying to shut down our internet and manipulate the markets.
I just want to protect myself with gold and silver.
It's my insurance policy.
And for people out there, if you have what you feel is a significant amount of cash to you or to anyone else, If you're in that position now, it's a very nervous feeling to have cash sitting in the bank.
So you want to get it out, but you don't want to take it to your home either because then you're afraid you're going to get robbed.
So if you could invest in gold and have a safe place to put it, I think that's the way to go.
Awesome, awesome. In closing, is there anything that we didn't touch upon that you'd like to mention?
Website? Any ways to get a hold of you?
I would urge people to reach out to us right away.
The website is bh-pm.com.
So it's bh, like Beverly Hills, dash pm, like PreciousMetals.com.
And on the homepage, there's a form that people could fill out.
And you just put in your first name, last name, email address, phone number, and it'll ask, how did you hear about us?
Say, Vem Miller sent me.
And there'll be a portion underneath where you could put a couple sentences about yourself.
You could say, hey, I've heard that you could invest in gold and silver with a retirement account and that it holds physical gold and silver.
I'd like to learn how that works.
You can put that in there.
Or I've been buying gold and silver for years.
Contact me. I'd like to talk to you about maybe I'm using you guys for an investment.
Or I'm interested in silver.
Whatever you put in there will help me get you to the right associate here at my company.
They can help you the best.
Awesome. Awesome. Andrew, thank you so much for coming on the Blood Money Podcast.
We really appreciate your time.
And I'm certainly going to be checking out your website.
In fact, I think I'm going to be wiring some money to you guys very soon for some coins.
That would be wonderful.
We'll take great care of you and I'll get you into the very best stuff.
Awesome. Awesome. Thank you so much, Andrew.
And we should do a catch-up episode one of these days in the future.
Well, thank you. I hope to be back.
Awesome. Thank you so much for the viewers for showing up to the Blood Money podcast.
Please check out americahappens.com for our latest episodes.
We post episodes on a daily basis and I will see you on the next episode of Blood Money.
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