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March 26, 2023 - Health Ranger - Mike Adams
15:11
Solutions for trading vaulted gold and silver as ETFs through brokerage accounts
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On the question of having gold or silver, but having it very liquid, so an easily exchangeable format, my friend John Perez had recommended that I take a look at something called PSLV, which is a trust run by the Sprott Group, that essentially all they do is they buy silver, vaulted silver, with the, I guess you would call it an ETF, It's just silver.
And so if you buy PSLV, which I have bought a little bit, I'll tell you about that in a second.
If you buy PSLV, you're basically just buying vaulted silver somewhere.
And then you're hoping that the banking system will still work to where you could get some of that back out.
You know, you're hoping that the crash won't take out the brokerage firms and the transaction systems and the vaults and everything else.
Basically, you're hoping there won't be a force majeure type of moment, right?
But if you need something that's near liquid and you believe in metals, this is actually a...
It could be a decent option.
Well, I thought so too.
So...
I had recently set up an online brokerage account in order to buy some of Peter Schiff's fund.
I bought, what was it, $4,500 in Peter Schiff's fund.
It's a gold mining fund.
Because I interviewed Peter, and he was telling me about this.
This is through Euro Pacific Capital, his company, Europac.com.
And I said, yeah, cool.
I didn't know that I could just go to a brokerage and I could buy your fund, Peter.
And he said, yeah, go ahead.
You can do it.
So I did.
And that's a fund that invests in gold and silver mining and mining startups and so on.
And I'm like, this is awesome.
This is exactly what I'm looking for.
And then I went to buy a little bit of PSLV last night.
Because, again, I wanted to just put some funds into silver, but also be near liquid to where I could buy and sell.
And the Sprott Group has billions of dollars of silver vaulted in this fund.
And so there's a lot of...
Trades going in and out.
So it has very good liquidity if you want to get in and out of it.
And I go to buy PSLV and my brokerage then, because I'm a relatively new customer there.
I've only signed up like a week ago.
And the brokerage pops up this big warning message.
Warning!
Warning!
It's like you have to affirm that you are an advanced investor and that you understand the extreme volatility risks of buying PSLV. This fund.
It was talking about the silver fund.
I'm like, are you kidding me?
I don't get this warning message.
I mean, I don't think I would if I were to buy, let's say, a tech stock or a bank stock.
I mean, not that I've tried to do that, but I'm just guessing that if you buy regular stocks, they don't give you this warning message.
They give you this warning message if you want to buy silver, right?
And silver is probably the least risky thing in the world, or maybe gold, that you could ever buy.
If there should be a warning message on anything, it should be a warning message on people buying stocks, overpriced stocks, or how about bonds?
We just saw a massive bond wipeout with Credit Suisse, a big $17 billion tier one bond wipeout that was blatantly illegal, by the way.
People just wiped out.
Proving that if you buy bank bonds, they can go to zero.
I mean, you talk about volatility.
It went from 100% value to zero, literally overnight on a Sunday night in that case.
That's volatility, but you don't get any warnings about that.
You see, the brokerages and the financial system, the institutions of banking and finance, they're all upside down on what they say is risky.
Gold and silver, oh, so risky.
Oh my God, you could lose everything.
But here, buy these overpriced, crazy, insane tech stocks and bonds that might crash to zero.
That's not risky at all.
It's all upside down.
And it got me thinking about the conversation I had with David Morgan in an interview just a couple days ago.
We were talking about how people don't understand.
They think that if they keep their money in the stock market, they're doing well because they have these returns and they have these gains.
And look, it's compounded over year after year.
And look, it's a 50% gain.
Oh my God.
But they're all wrong because the stock market gains are wiped out by inflation.
Nobody is getting a consistent return in the stock market that beats inflation.
Nobody.
I mean, not in conventional stocks, you know, popular stocks.
Maybe there's some people on the edges that are doing some really cool big short type of stuff and they're buying and selling puts and calls and various options and they're earning big time.
Yeah, I can see that happening.
But I mean, mainstream stocks and bonds, even if you think, oh, this is great, I'm I'm getting a 10% return.
I'm getting a 12% return, which is actually considered pretty good in the markets.
You're still losing because inflation is 20%, folks.
Compounded year after year.
And what does that mean?
In like three and a half years, your money, your purchasing power is cut in half in just three and a half years if it's 20% annual inflation.
That's the rule of 72.
So You think you're earning, you're not.
You're losing in the stock market.
Guess what out-earns the stock market?
Gold and silver.
Seriously, if you go back, if you had bought a lot of stocks back in the 1970s and you were holding on to those stocks, I mean, if you just bought index funds in the 1970s, they would have performed far worse than gold and silver.
Gold and silver have held their actual purchasing value, which means they've risen in price in terms of dollars far more than typical index funds in the stock market.
People think That they're earning money in the stock market by working at, I'm going to research these stocks, I'm going to research this one, I'm going to research that one, I'm going to find out the PE ratios and the capital flows and they're doing all this research and they think that that's working and therefore they've earned the money when those stocks go a little bit higher.
They're not earning anything.
They're not beating inflation.
You could quote earn, you could out earn those stocks by buying gold and doing nothing other than sitting on gold.
This has been true for generations and it's also true today.
That buying gold and silver is almost one of the best investments that you could possibly make in terms of holding value.
Of just maintaining the purchasing power, which stocks don't do, currency doesn't do, bank bonds don't do, obviously, they go to zero.
The treasuries don't do, because again, okay, you're getting, let's say now you're getting a 3.5% return on treasuries, but inflation is 20%, you're losing 17 or 16.5% in the marketplace, in purchasing power.
By buying treasuries, that's not gaining anything, you're losing.
But if you sat on gold, you would be holding the value.
Sitting on gold will keep par with inflation.
And it almost sounds too good to be true.
If you said to somebody, hey, got a great way for you to actually, you know, Earn, quote earn, or technically hold value.
Just hold value by doing nothing.
No work required.
They're like, ah, that sounds like a scam.
That sounds like nonsense.
But in fact, buying gold and silver and sitting on it and doing nothing outperforms the stock market.
It's actually...
And throughout time, it has been one of the best financial strategies that you could ever pursue.
Now, as a disclaimer, let me reiterate, these are just my opinions.
And I'm not a financial advisor, and I'm not your financial advisor, and I can't read your mind, and I don't know what your financial situation is.
So do your own homework and get your own professional advice and do what you think is right for you.
I'm just pointing out historically that gold and silver have held value and actually, quote, earned or gained value.
More than stocks.
Even though technically the gold and silver isn't gaining anything, it's just sitting there, but in terms of dollar denomination, it's going up more than stocks.
And to bring it back to what I started with here, that's why I went into a brokerage, set up a brokerage account, and that's why I'm buying PSLV. Because I realized if I just sit on silver, It's going to outperform any stock that I could pick.
Unless you have a crystal ball and you can read the future, which nobody can.
And I don't want to manage stock picks.
That is not my job.
That is not what I want to do.
And I don't want to pay somebody to move in and out of stocks and bonds.
13% absolute risk reduction portfolio.
We're going to manage it for you.
Hey, how about I just buy silver and sit on it?
And it out-earns everything that all these experts do.
The experts, i.e.
the traditional financial system experts, They are wrong and wrong and wrong.
They're so wrong that they tell you not to buy gold and silver, probably.
And you know why?
Because, of course, they earn money on the churn.
The buying and selling, moving in and out of stocks.
It's the churn.
It's the perception that we're working for you.
We're doing something.
Look at all these transactions.
You know, we covered your risk over here.
We moved it over there.
And this happened over here.
Again, you could earn more just by sitting on gold and silver and doing nothing.
You don't need a manager because you have the laws of physics working for you because gold and silver are atomic elements.
So I've decided, for me, maybe not for you, I've decided that the best investment strategy that I could possibly pursue...
Not even an investment, but just to hold assets and not lose money, which is a big win right now, is to, number one, get physical gold and silver to some degree, which I have some of that.
I showed you some of that on camera.
Get physical gold and silver.
And then secondly, for anything that I want to be liquid, I'm just going to buy silver funds and gold funds through a brokerage.
I'm not going to buy stocks.
I don't own any stocks, by the way.
Zero.
Zero.
And until last week, I didn't even own any of these silver or gold funds either.
Peter Schiff's fund was the first one I bought in like a decade, you know?
But I'm going to buy some gold mining funds.
Schiff has one.
Sprott has one.
I know there are some others out there.
I'm going to buy gold mining funds, which I know are high risk, high return.
Some of those funds could go up 500% if gold spikes to $2,500.
That's a huge return.
Or you could lose 50%, right?
So I don't put money into that that I can't afford to lose.
Because I know that's a roll of the dice.
Gold mining stocks are very volatile.
I get it.
But then for money that I don't want to lose and I don't need a high return, I just want it to just stay there.
I'm buying things like PSLV. Or other similar funds.
A ship's got one too.
Just vaulted gold and silver represented through an ETF that you can buy and sell through a brokerage account.
There you go.
That's a very simple strategy.
And the important thing is it gets it out of the banks because I don't trust the banks.
Now you might say, well, what if that brokerage fails?
Yeah, brokerage could fail.
They could do a brokerage bail-in.
I mean, that's happened before, too.
I understand that.
That's why I have physical.
I don't trust the system entirely.
For stuff that you absolutely want to make sure doesn't vanish, you've got to own it physically, in your hands or in your possession, under your control.
And that's what physical gold and silver is all about.
The online stuff, the brokerage stuff, I know that could vanish in a nuclear war or a cyber attack or a grid down event or solar flare.
I know that could totally vanish.
But again, that's why I have physical gold and silver.
So getting physical gold and silver is easy.
You know our sponsor of this space, the Treasure Island Company, metalswithmike.com.
If you want to check with them, they have pricing on their website.
And understand, I'm not saying to acquire gold and silver as a speculation.
I'm not saying that its value is going to go up at all.
What gold and silver are good at is holding value.
That's it.
And can prices go down in dollars?
Of course they can, but they can't physically take your ounces away because you have them under your control.
And I think that we should measure gold and silver in ounces, not dollars.
Dollars don't make any sense.
Dollars are going to go to zero, which means that gold in dollars is going to go sky high represented in dollars, but it doesn't mean you have any more ounces of gold.
It's the same amount of gold.
So anyway, do your own research.
Don't take this as personalized financial advice.
And do understand there is, quote, price risk in every asset, including assets under your control.
But if you want to do gold and silver, I say get some physical and then also maybe consider some of these funds that I mentioned where you can have liquid gold and silver vaulted for you.
Through brokerage accounts and then just pray that the whole financial system doesn't completely crater and go Mad Max.
Because if it does, then, you know, that's all gone.
Lost.
I don't know what else to tell you.
But according to the brokerage account, it's high risk to buy silver.
Which is crazy.
Completely bonkers.
Anyway, metalswithmike.com is our sponsor.
Thank you for listening.
And be safe.
Take care.
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