Kirk Elliot visits Sovereign Radio to Talk Gold Silver.

➡ In this radio show, the host discusses the importance of investing in precious metals like gold and silver, especially during uncertain financial times. The guest, Dr. Kirk Elliott, a monetary economist and silver broker, shares his journey in the industry and emphasizes the value of these tangible assets. He also criticizes the mainstream media and education system for not discussing these topics. Dr. Elliott’s firm offers low-cost bullion and prioritizes client relationships over transactions, aiming to provide peace of mind and financial security.
➡ The article discusses the history and future of currency, highlighting the shift from gold-backed money to fiat currency, and the potential return to tangible assets or adoption of cryptocurrencies. It emphasizes the instability of the current fiat system, which allows for unchecked printing of money, leading to inflation and devaluation. The article suggests that the rise in popularity of cryptocurrencies and precious metals like gold and silver indicates a growing distrust in government and banks. It concludes by suggesting that the Federal Reserve System may soon be obsolete, replaced by a new financial system backed by tangible assets or digital currencies.
➡ If you’re unsure about how to move your 401k or invest in precious metals like gold and silver, don’t worry, it’s not as hard as it seems. You can simply call a broker or go online to buy stocks, bonds, and mutual funds. If you’re interested in precious metals, you can call an office, send them money, and they’ll help you buy the metals and either ship them to you or store them in a depository account. It’s important to remember that owning physical metals eliminates the risk of the issuer going out of business, and it’s a good way to protect your assets from unpredictable government policies and global economic instability.
➡ The speaker emphasizes the importance of investing wisely and promptly, particularly in gold and silver, due to the current global situation. They recall the prosperous Reagan years when stocks, bonds, real estate, and mutual funds thrived, contrasting it with today’s polarized society. The speaker has been consistently investing in silver since 2012, believing in its long-term potential. They encourage others to consider investing in precious metals now, predicting a bright future for these investments.

Okay, ladies and gentlemen, welcome to this very important segment on the Sovereign Radio network of podcasters and broadcasters. Full disclosure, in five years of doing this show, I have never had the sense of urgency about any subject like the subject we’re going to talk about in the next 30 minutes. This will be the most important conversation we’ll have on the radio show or the podcast or the friend or a family member for that fact. It’s a conversation about precious metals, gold and silver, something tangible and trustworthy to grasp during the coming financial storm and reset you.

Yes, gold and silver have stood the test of time and we’re about to find out why. My sense of urgency is on overload. Listen, I’m a baby boomer, and like many generations, our parents and grandparents never talked about gold and silver. Nobody in the education system talked about gold and silver or precious metals. And the mainstream media, the mockingbird media, has all but ignored it, directed by their handlers, of course. And guys like Jim Cramer have pumped up the stock market so long, it’s just ingrained. Almost every individual we talk to don’t know enough about this subject we’re going to have.

So joining me now On Sovereign Radio, Dr. Kirk Elliott. Dr. Kirk, welcome to Sovereign Radio. You are our newest affiliate partner and, and we’re proud to have you. It’s great to see you on the show. Let me just tell our folks that you are a PhD, a silver broker and monetary economist who offers low cost tangible assets to safeguard those people’s financial future. And we’re going to learn all about that in the next half hour. So, Dr. Kirk, welcome to the show. Thank you. It’s so good to be with you. Scotty, let’s go way back. Where did you grow up? Tell our audience a little about your life growing up.

Well, I was born in Minnesota, kind of out central Minnesota. Lived there until I was in junior high. And then my family moved to Colorado in 1983, lived in Colorado Springs, Durango, way up in the mountains. And now for the last five or six years here in Denver. Because you know what, Durango is beautiful, great place to raise kids, but really hard to actually travel from when you’re speaking around the world doing the stuff that I’m doing. So we, you know, packed up, moved to Denver just because of travel schedule. And now I feel like literally I’m in the belly of the beast with, with the liberal policies of Denver, letting in the trend, Aragua gangs and homeless, and it’s just really, really, it’s just really ugly.

You know, the, it’s it’s not the same Colorado I grew up in, but that’s the same thing for many of the big cities around our country. Right. It’s like you’ve got the WOKE policies that are ruining something that was beautiful. Yeah. I grew up in Chicago and spent a lot of time in Minnesota on business. Had a. My mother, my daughter’s mother is from msp, so I spent a lot of time there. You look like a Minneapolis guy now that I’m looking at you. Colorado boy. No joke. Look what they’re doing to Tina Peters. Oh, it’s just terrible.

Right? Tina Peters, she is really not doing well physically. She’s strong mentally, but she’s not doing well physically. But let’s get back. What was your road, your journey to precious metals? How did that come about? Tell us about the journey. So way back in the day, late 90s, been doing this for a while. Hence the gray beard. And you and I use the same barber, which is nice. We do. I was a stock broker back then. Right. And even back then, I would recommend to my clients, it’s like, you know what, you should maybe put 5% of your portfolio into gold.

Right. That’s was. It was like $258 an ounce. I mean, it was incredible. And so the company I was with flipped out. Scotty. They said you can’t do that. You’re selling away. Which selling away is a rule in the securities industry. But key concept, selling. I wasn’t selling anything. Right. I was recommending they go someplace because the firm didn’t offer it. Yeah. So I’m always going to do what’s best for the client. But you also have to be honorable to the firm that you’re working for. Right. And those two puzzle pieces didn’t fit together, so I left.

It’s like can’t. Can’t be honorable to the firm I’m working with, with that kind of mentality. And sadly, that mentality still is the rule today, which is why you don’t hear from a lot of stockbrokers, hey, invest in physical gold or silver, because if they recommend it, they’re going to violate the same rule and self preservation comes into play and they might lose their jobs. Right. So. So that’s. So anyways, always do what’s right for the client. Went to go to that firm that I was recommending people to go to work there for well over a decade, probably like 15 years.

But then I didn’t like the way that it was. I didn’t like the way that it was Being done where a lot of times when companies are strapped for capital, their true colors come out. Well, during Obama’s last four years, he killed basically tangible assets in America. Gold, silver, steel, coal, natural gas, oil, all of it. Right. Because he was exporting jobs overseas and the environmental restrictions and everything else. So gold and silver, no different, they weren’t performing well. So the firm said, hey, you’ve got to offer high grade, collectible, semi numismatic things to clients. It was completely unsuitable.

Again, never going to do that. I only offered bullion. And so I said fine, I’ll quit. Can’t honor the firm I’m working for. Can’t do what’s right for the client. So I quit. Had a multi 7 year non compete clause which I abided by. Wow. Started up this firm, right. So and God’s just really good. When you treat clients like family, you offer low cost bullion with 0% when you exit, we don’t charge a commission. When you liquidate 8% going in. That’s a deviation from the norm in the industry which is sadly defined by high commission, high collectible, high premium.

People never get their money back kind of issuance. You see these commercials on TV all the time. So we wanted to do it different. And during this time God’s really blessed our company. Right. We’ve grown to probably the largest bullion broker in North America, if not the world. Because we offer low cost, low premium, zero commission exit and we’ll hold our clients hands through this economy. Right. It’s not just something, it’s not transactionally based. I don’t care about the transactions, I care about the relationship. And when people have peace of mind, Scotty. And knowing that why they’ve done what they’ve done, that’s to me is the most important that will have a client be a client forever because they feel part of the family, they know why they’re doing what they’re doing.

They and that’s how we set up our firm. Now to get to this point wasn’t necessarily an easy journey. Back in the day. When I first got into the business in 2002, I was watching Jim Cramer on CNBC. He was shouting and screaming and yelling and people were listening to him because he was on tv. It’s like, what? Okay, there’s an index about Jim Cramer where you do the opposite and you’re gonna do pretty good. Why do people listen to this guy? So I decided how can I get on TV? So I got a PhD and I gotcha.

Public policy administration focusing on monetary Economic, central banking type stuff. And then the second one was in theology because I’m a glutton for punishment. I thought two might be better than one. So that actually opened the door to impact and influence. Was interviewed everywhere. Doesn’t mean I’m smarter than anybody else, just means I’m different. So I got interviewed and that was the spark that caused the growth of what we are today. Well, you have done a great job. We did a lot of due diligence in the industry because we knew what was happening. There’s some good guys, there’s some bad guys, some guys like you, independent, you’re not controlled, you’re not manipulated.

And there are the guys like Kramer who are controlled and manipulated. So we, we are confident in where we’re headed with you. You mentioned liquidating. There’s no charge exiting. This is not the time to liquidate and exit. No, definitely not. No. So would you give us a 10,000 foot overview the history of gold and silver, how it stood the test of time? Yeah. So you go way back to when our country started, right? 1776, what did Congress say that currency was? Gold or silver coinage. Right. And that’s how it was defined by Congress. Well, Fast forward to 1913.

They decided to change their mind on that. Right. And so the Federal Reserve act came in and the IRS both the same year. 1913 was a bad vintage year. Right. It was like, okay, you got the IRS and the Federal Reserve and so basically they made it illegal or people citizens us to actually use gold and silver as legal tender. Right. You had to use the paper currency, the fiat money that the Fed created. Well, prior to that as well, the government actually made money on tariffs. That’s how we funded America. Right. And so what Trump is doing today is like, Trump isn’t so crazy, is he? He’s, he’s, he’s a very student, a good student of history and what has worked for this country.

And he knows the Federal Reserve fiat money system is not going to get us out of slavery 100%. And this is not a new idea. This isn’t Trump’s idea, the founding father’s idea. Right. He’s just going back to what worked and what’s wise and what’s prudent. But bottom line is from 1913 until 1971, we couldn’t actually transact in gold and silver. We still can’t today. Right. However, what countries could. Countries could settle their debts in gold, but in 1971, Nixon closed the gold window, which means we are completely fiat based money. However, I wouldn’t say completely in the sense of they changed the backing of our currency from gold to, to oil with the petrodollar, right? So now we’re beholden to Saudi Arabia and the OPEC nations, and this is how we could expand our debt over the years is because all oil settlements globally were traded in US dollars.

That’s what the petrodollar is. So when everything in the world uses oil, right, it’s like, all right, there’s a lot of money flow coming into America. We’re going to use that. And instead of being wise, prudent managers of that wealth, what did we do? We amassed $37 trillion worth of debt, multiple quadrillion dollars of derivatives, debt exposure, a banking system that’s under capitalized and ripe for failure. I mean, it’s just when a lot of politicians get money, they start to make the wrong decisions a lot of times. And so this is where we are. So come full circle, things are changing.

The wokeness of America, the, the anti debt, the anti corporatism look and feel is starting to diminish and people are realizing, wow, there’s gotta be a better way than the central bank stuff where they’re just printing money willy nilly and causing inflation and stimulus after stimulus after stimulus. And what is that better way? To me it’s twofold. And you look at the emergence of cryptocurrency and the popularity of gold and silver, they have the same fundamental issue that’s driving its growth. Scotty, it is. We don’t trust the government, we don’t trust the banks. When you go to decentralized cryptocurrency like Bitcoin, Ethereum, Solana, xrp, whatever, what are they actually saying? They’re saying we want something that’s private on the blockchain, away from government interference and away from central banking as we know it.

When people go into gold or silver, they’re saying the exact same thing. One is tangible, one is digital. So this is where you’ve got 180 degree opposite kind of answer to a problem. That same fundamental issues that are driving the growth of both of those industries. And that tells me the world is changing and central banking as we know it is probably about to die. As we go into tangible assets and as we go into cryptocurrency. But let’s look at the tangible assets. Three years ago, before COVID right, it was like right before COVID you saw silver at like $17 an ounce.

This is like three and a half years ago, it’s now 41 and a half. So more than doubled in three and a half years. Why? Because of the inflationary pressures, the loss of confidence in the system as we know it. Gold is at an all time high. And so this is a function of two things. It’s like started off with fear. People were afraid of government intervention. They’re afraid that their banks were going to collapse. Look at Silicon Valley bank. And they start to move into a safe haven. Asset that can never go to zero, Gold and silver can never go to zero.

There’s an intrinsic value to pull it out of the ground where a company can go to zero overnight, they go bankrupt, your entire stock goes obliterated into nothing. Right. So this started a trend of basically moving into strength rather than staying in weakness and something that was being held up with stimulus money. Now there’s another fear that’s actually adding to the momentum in gold and silver. It’s not a bad fear though. It’s the fear of missing out. Right. Because with gold being at an all time high, silver almost to its all time high, people say I want to participate in that, I want to take advantage of it.

But Dr. Kirk, have I missed the boat? It’s already at an all time high. It’s like, like buying Bitcoin at $25 and now it’s at 114,000. Yeah, that’s why I said at the top of the show, my sense of urgency about any subject has never been greater. You know, we have a similar path. You were told, Kirk, don’t talk about that. Talk about gold and silver. Oftentimes in working in mainstream media, Hollywood, the music industry, nobody talked about gold and silver. Johnny Cash, the only guy who ever told me he was buying gold and silver, interestingly enough, of course he, he was a wide awake guy that found the Lord and stopped drinking and all those things.

But it was actually a discussion about gold and silver, the Federal Reserve that landed me this radio show. I was educating network executives at a radio conference and talked about the Federal Reserve and fiat money and asset backed currency, gold and silver. They said, gee, our audience needs to hear this. They gave me a microphone, twisted my arm. I started, first show I was about Federal Reserve 101. There’s nothing federal and there are no reserves. Right, exactly. So yeah, it’s interesting. Here we are now and asset backed currency is the backbone of the new financial system.

Explain the important role of gold and silver in this new financial system. I believe the Federal Reserve System is dead. It just isn’t officially dead. Correct? Yeah. So you look back throughout history, countries that have tangible backing to their currency have always been more stable. Once you remove that discretion, see, you couldn’t print money unless you had an ounce of gold backing it, right? So, but without that, you can just print money by fiat, meaning at whatever whim you want, you just say, hey, we’re going to print some more money. You press the red button on the printing press, boom, it’s done.

That causes inflation. It devalues the currency. So here’s where America is today. Year to date, the US dollar is down over 10%. Wait a second, I thought that was the most stable coin in the world. It’s down over 10%. Why? Because the BRICS nations are, are basically de dollarizing the world. They’re selling their US treasuries, putting more selling pressure on the market than there is demand for the dollar. Because who would want it, right? Who would want the US Dollar if we’ve got so much debt we can’t pay for it? Look at the labor force numbers that came out a couple days ago.

Mine a revision of 911,000 jobs, right? Almost a million jobs that are not there that they overstated before. This economy is sick. And this isn’t Trump’s fault. In public policy, there’s a lag time from policy to seeing fruit on the tree. That’s 12 to 18 months. So we’re still dealing with the hangover effect of Biden’s economy now. Give it another year. Now Trump has to answer for how the economy is because that will be under his policy administration. We’re dealing with the aftermath of COVID Mandatory shutdowns, travel restrictions, stupid mask mandates. Nobody was. Wages weren’t keeping up with inflation because they were trying to stimulate everything.

There is no discretion in that, Scotty. None. So this caused massive amounts of inflation. And what goes up with inflation? The price of things. Right? Whether it’s a bicycle or groceries or gold or silver or oil or gas, if it’s a thing, it goes up with inflation. And we have inflation, there’s no doubt about it. But this is where if you had a currency that was backed by gold and silver, it inoculates you from inflation because the value of the currency goes up as the thing goes up. But we don’t have that right now. This is why it’s so important to get back to the concepts of sound money, which means you probably have to abolish the Fed.

There’s no better way around it. Unless the Fed just is a name only and it’s actually run by the Treasury Department. And by the White House. And you actually have for something that’s actually backed by gold, Right. I have a contact at U.S. treasury. And he said exactly as you just said, the Federal Reserve is a name only. Trump kind of made him consultants to the U.S. treasury right now and threw them underneath the Treasury. This is according to my source. But because of the time commitment you have here, I want to get to the ease of the mechanics of getting into precious metals with Kirk Elliott Precious Metals.

You guys make it simple. We did a lot of homework, found out the mechanics people are afraid of. How do I move my 401k? What do I do? How do I get into it? Would you explain the process, please? Yeah. And that’s not an uncommon thing if you’re feeling that way. People are afraid of what they don’t know about. Right, right. It’s like. But, but it’s not hard. It’s. It’s. You know when you want to have a 401k or an IRA and you’re buying stocks, bonds and mutual funds, what do you do? You call your broker, you go online, you buy your stocks, bonds and mutual funds, and you fund your account.

It’s no different than with precious metals. You want to allocate into precious metals. You call our office and say, hey, I want to send you $5,000 or $500 or $5,000,000. Right? Whatever. Whatever floats your boat. Whatever you can do and say, great, send us the money. I’ll call you when it gets here. We’ll lock it in, we’ll ship it to you. Or we can set up a depository account. Because I’ve got some clients that say, kirk, you have no idea what neighborhood I live in. I wouldn’t feel safe having one ounce of silver in my pocket because I’m going to get robbed.

It’s like, great. Set up a depository account. And honestly, I’ve got some clients that say, I don’t trust anybody anywhere, hardly even trust myself. I am not going to store it at the depository. You’re going to ship it to me. It’s like, great. And do that too. Right? So that’s outside of an ira. Inside of an ira, it’s just like a rollover, like anything else. If you were going from Fidelity to Schwab or he had this old 401k and you’re rolling it into an IRA, it’s a 15 minute E. Sign, document, application, open up a new account, transfer the funds into it.

When it gets there, I call you and say, hey, Jane Doe, we’ve got your money that you’ve transferred over. Let’s get you allocated into gold or silver, and then we just do it, we buy it. You funded your account with. Here’s the key thing with physical metals, not ETFs, not mining shares, not mutual funds, not paper of any sort. Actually, physical gold or silver coins or bars. See, there’s a lot of brokers out there that will say, I can do an equivalent of physical gold. We’ll just do the silver slv, you know, the etf, it’s not the same.

You know, you’re only as strong as the underlying issuer. What if your underlying issuer is Lehman Brothers? And like in 2009, they went out of business. I was like, nuts. I don’t have that anymore. When you own the physical, there’s no counterparty risk. You’re storing physical metals that are yours and you can always get to them, right? There’s nobody else that owns them. It’s just you. So this is how easy it is. It’s a matter of a phone call. Talk to one of my consultants. We’ll listen to your dreams, your goals, your aspirations, your fears, and design a strategy moving forward, using tangible assets to hedge whatever else you’ve got that you want to protect from stupid government policies that neither you nor I can control.

Scotty. Right. Due to inflationary pressures, globally even. Here’s the thing, even when Trump is going to ultimately grow the economy going to lower interest rates. I think they’re going to lower interest rates on September 17th. That’s very bullish for gold and silver. And now we finally got Jerome Powlett, the Fed, who’s capitulated and said, yeah, we’re gonna operate under a term of full employment rather than fighting inflation. How do you get employment moving up? You lower interest rates. That’s good for gold and silver. So moving forward, Trump is going to help fix this economy, but globally, he’s not the President of the world, he’s President of the United States.

You’ve got this debt implosion in Japan and in China and in Europe. It’s bad when you’ve got that kind of government stimulus from these socialist countries devaluing currencies. Gold and silver are a global commodity, not a US Economy. So even when Trump starts to really fix things, gold and silver going to still be in high demand because the rest of the world is truly, literally falling apart economically. Indeed it is. Listen, we’re talking to the chief Indian at Kirk Elliot Precious Metals. You can see Dr. Kirk is not a scary guy. So you’re not dealing with an organization that’s going to intimidate you and pressure you.

It’s all on you. We’re doing this segment for across our network of sovereign radio podcasters. So there will be a URL in the link below in the description of the video. But Dr. Kirk, why is it time now? What are the multiples I’m looking in my mind at? Gold is an eight time multiple, silver maybe a ten time. Am I off base there? I. You might be a little bit off base. It might be more than that. So what we’re looking at is obviously I’m not God, I don’t control the markets. Right. But, but based on what other economists, you know, from big wirehouses and international money center banks, you know, we could see 50.

They’re thinking $50 silver in September, like Scotty, it’s September now, right? Right. And you look at what we’ve had. We had a $20 move the other day, we had a dollar move a few days before that. We’re at 41, basically 41 and a half. You have six $1 days and you’re at 50. Right. It’s like, okay, I can see how that can happen. But I think we’ll probably see. I’d rather under promise and over deliver. I think we’ll see 67 to 75 by the end of the year and in triple digits in 2026. And you know what, that’s a tripling.

So my numbers were very conservative. They’re very, very rather. I’d rather like you, I’d rather under promise and over deliver than the other way around. So. No, absolutely. And gold is going to go up as well. But I. It’s not going to go up as much as silver. And here’s the reason why people need to understand this. So gold is a financial metal. It responds to chaos, turbulence, turmoil, inflationary pressures. Right. The worse things get, the better it performs as a flight for safety. That’s why central banks are allocating into it globally. Silver acts under the same premise of a flight for safety, but it has one big, huge extra layer of demand.

It’s an industrial metal. 90% of all of the demand for silver is not you and me investing in it. That’s 10%. 90% is Sony, Samsung, LG, Tesla, the solar industry, Boeing, Lockheed Martin, all the AI chip manufacturers and all these things that we need for cryptocurrency mining all use silver. Every piece of electronics that you see has silver in the circuit board. The demand is this dual demand. One is a Financial metal. One is it’s used for industrial purposes, but unlike aluminum, for example, that you can recycle, can’t recycle silver. They gotta keep pulling it out of the ground.

Yeah. And it’s limited supply with increasing demand. This to me is economics 101. When you have low supply and high demand, prices go up. So I would say silver is going to greatly outperform gold over the next 12 to 18 months. I would do silver. If you’re asking now, you’re not going to be disappointed either way, but I would do silver. Is it fair to say if you get in now, we’re talking generational wealth, Multi generational wealth. If you put the right amount of your assets into silver, particularly silver, right now, we can look at generational wealth.

Is that a fair statement? Yeah, because I think the pendulum is shifting globally into tangible assets, into tangible backed currencies. The wokeness is eroding and we’re getting away from the Federal Reserve System as we know it. Like we talked about cryptocurrency and gold and silver rising. So you look at the options. Well, what’s happened over the last couple of months? Jamie Dimon at JPMorgan Chase selling 31 million shares of his own company over, over the last, since July 31, Wells Fargo, J.P. morgan, bank of America, the big ones, They’ve closed down 71 branches in a month and a half.

That is a huge number. You’ve got. Warren Buffett sold 41% of his shares in bank of America, which was the largest owner of BOA in the world. You’re a business guy. I’m a business guy. Right. So if we assumed that the economy was going to grow or our business was going to grow, we’re not shutting things down, we’re actually growing. We’re adding. Even if business were bad right now, we would be willing to take a loss for a few months knowing that our ship was going to come in. Right. This is not what these billionaires are doing.

They’re dumping, they’re closing branches, they’re getting rid of their shares. So we have to start asking the question, what do they see coming that we don’t? Right. And so I think that there is banking failures coming. I think that they’re sensing that, that this global debt pandemic is going to play itself out. It has to. You always have to pay the piper. You just don’t know when. And so this is why I would act with urgency. Like you opened the show with. I would rather be three months or six months early than One day late for sure.

And I would allocate into this strength because that’s going to be the wind behind the sails is everything that’s happening globally. And our goal as wise and prudent investors is simply buy low and sell high. Minimize your risk while you maximize your return. To me, that’s what gold and silver do right now. During the Reagan years, stocks, bonds, mutual funds, real estate were the wind behind. That’s what had the wind behind their sales because of his policies of lowering taxes, lowering interest rates. And the economy was booming. The Cold War was over. People were fat and happy.

We don’t have that right now. We are so polarized as a nation. Nobody’s getting along. Remember, you’re like me. You can remember these days back in the 80s, Newt Gingrich had the Contract with America. Democrats and Republicans were actually cutting deals and talking to each other. We don’t have that anymore. It’s a different world, different paradigm, very polarizing. So therefore we have to have polarizing in our investments too. We just identify the trends, act accordingly. You know, I bought my first silver in 2012 and I’ve hulled. I’ve never sold any. I accumulate a little every month and I’ve never sold.

And I don’t think I’ll sell for quite a long time because I do see the upside of this. There’s really nothing, no ceiling in my mind. Silver and gold have a ceiling at some point, but we’re years away from that probably. So now is the time to get involved with precious metals. Ladies and gentlemen, Dr. Kirk. We appreciate all of your time and your wisdom and knowledge. Thank you very much and of course, we’ll have you back. Sounds good. It’s my pleasure. We’ll talk to you soon. Thank you. Bye bye.
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