Digital Social Hour - Bank Bans Gold Traders? The Truth Nobody's Telling | Alex Spellane DSH #1062

Episode Date: January 5, 2025

Bank bans gold traders? 🚫💰 The truth nobody's telling you is shocking! Join Sean Kelly as he dives into the world of gold, crypto, and banking controversies. 🏦🔍   Discover why some banks are refusing to open accounts for gold traders and the surprising parallels with crypto debanking. 😱 You'll hear firsthand experiences from industry insiders and learn about the unexpected challenges facing precious metals dealers.   But that's not all! This episode is packed with fascinating insights: • The link between gold and alien theories 👽🛸 • Crypto success stories and cautionary tales 📈💻 • The finite nature of gold and its impact on value 💎📊 • Unique coin designs and the art of numismatics 🪙✨   Don't miss out on this eye-opening conversation that blends finance, technology, and even a touch of the extraterrestrial! Watch now and subscribe for more insider secrets on the Digital Social Hour. 🚀   #GoldTrading #BankingControversies #CryptoDebanking #PreciousMetals #DigitalSocialHour   #goldpriceprediction #goldanalysis #silverstacking #goldpriceanalysis #goldpriceforecast   CHAPTERS: 00:00 - Alex’s Black Marlin Coin 00:56 - Alex’s Favorite Interview 06:07 - Gold vs Crypto Investment 08:30 - Tomorrow's Discussion Topics 10:58 - Finding Fisher Capital Group   APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [e-mail]   GUEST: Alex Spellane https://www.instagram.com/alexanderspellane   LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/

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sportsbook worth a celly, and an official sports betting partner of the National Hockey League. BetMGM.com for terms and conditions. Must be 19 years of age or older to wager, Ontario only. Please play responsibly. If you have any questions or concerns about your gambling or someone close to you, please contact Connects Ontario at 1-866-531-2600 to speak to an advisor free of charge. BetMGM operates pursuant to an operating agreement with iGaming Ontario. People believe because gold doesn't have a magnetic pull, that it's used for alien spacecrafts and stuff like that. Wow.

That's another theory of like why it's gold is so important to Egypt. People that speculate though, the Egyptians were visited by extraterrestrials to help them build these pyramids. The reason they were so fond of gold is because the aliens came to earth for gold. I have my initials on these.

These are from the New Zealand Mint. They're legal currency there. Oh wow. But I designed this coin. It's a black marlin. It's got a reverse proof finish. These are dope. Pretty coins.

Wow. But here you go. Have one. Yeah, enjoy that. Black marlin. Is this your spirit animal? Well, it's the fastest fish in the sea, actually. I didn't know that.

I mean, reportedly, right? Wait, this is supposed to be you? It's the fastest fish in the sea. It is. I mean, reportedly, right? Wait, this is supposed to be you? It's King Charles. Ever since the queen dive, it's like King Charles and everything. Got it. Yeah. Who's been your favorite interview this accompaniment so far? Oh my God.

Probably Bruce was a really good one, to be honest with you. Probably the co-founder of Old Glory bank, just because, you know, him and I see we have the same exact mission. Yeah. It's, it's all about getting, delivering clients from a machine, which I know resonate with you because you do crypto. Um, and just getting your independence back and not having to worry about being targeted for the conservative values they have. Yeah. Speaking of crypto, it's nice to finally have a government

administration that is pro crypto. Yeah. And they're pro gold too. Yeah, it's true. I mean, there's no reason that people shouldn't be. It's other than trying to have an unnecessary amount of control over people. Right? It only explanation anyway, like why will they, why would they not want cryptocurrency companies to thrive? Why would they not want people to own gold? Well, it's cause they can't regulate it and they can't, um, you know, really controlled where the flow of the transactions. Let me ask you this since you're in the gold space.

So a lot of people in the crypto space are being debanked. They're losing their banks. They're shutting them down. How's that happen to people in the gold space? Yeah. Crazy, right? Yeah. Like for our processing. I had a good relationship with my bank. If you try to open a bank account and you say you do gold, they won't let you open the account.

What? Gold is such a stable asset that makes no sense. And they say like, oh, we don't want to deal the account. What? Yeah. Well, there's such a stable asset that makes no sense. And they say like, oh, we don't want to deal with anyone that's trading commodities. I'm like, no, I sell coins. So I had a friend try to open a side business that we were like doing something with. Um, and they wouldn't open her account. That's, you know, my mom got banned because my Chase got banned and I spent her like a sale, I

guess one time, like not even crypto related, but she got banned. Yeah. It's crazy, bro. My mom. What crypto did you make the most money on? Bitcoin? Ethereum. Really?

Yeah. I got in at like 2000, I think. So I doubled up. Yeah. That's insane, bro. I mean, people got in way earlier than that, but I just went all in. I take a lot of this. Not as much as I do. I'm 27 now, but the only money I made in crypto was on hacks. I heard arts points. Yeah. Is that one still around? It is.

It started popping again recently. He tried to Richard Hart created hats. He created an exchange, um, to compete with the Ethereum network to lower gas fees. It's called the Pulse Chain Network. And he did an airdrop of coins for people who sacrifice for the project. So to raise money, you basically sent your money as a sacrifice to this wallet. And then the promise was that your token address would then have an airdrop of false chain coins, which is like the Ethereum token for this network. Right. It's like the main. What would you call that? The net or whatever. Yeah. So it's the main token of the of the network. Yeah. And.

of the network. Yeah. And he had a launch date. Didn't launch. And I was like, I just got scammed out like 500 grand and he ended up delivering. Wow. That doesn't happen in crypto often. Yeah. He ended up delivering and then there was a run pull and I got out and my head swung down. I bought more when I dipped, but it just kept crashing. So I put like 80 grand in, I took it to 1.2. I sacrificed like half of that 550 grand or whatever it was. I lost another 500 grand and I got that 500 grand back. So I walked away off 80 grand with like 550 K. So actually 580 K and that's my only experience with crypto. You've made more off gold. Yeah, I have. Yeah.

When did you get, when, when was the first gold, what was the first gold purchase you made? Probably. One in salmon. Wow. So my age and I'm about to buy gold for the first time too. Yeah. For you guys. So. Yeah, I'll get you. Bet MGM is an official sports betting partner of the National Hockey League and has your back all season long. From puck drop to the final shot, you're always taken care of with the sportsbook born in Vegas

That's a feeling you can only get with bet MGM and no matter your team your favorite skater or your style There's something every NHL fan is going to love about bet MGM Download the app today and discover why bet MGM is your hockey home for the season Raise your game to the next level this year with bet MGM, a sportsbook worth a celly, and an official sports betting partner of the National Hockey League. BetMGM.com for terms and conditions. Must be 19 years of age or older to wager, Ontario only. Please play responsibly.

If you have any questions or concerns about your gambling or someone close to you, please contact Connects Ontario at 1-866-531-2600 to speak to an advisor free of charge. BetMGM operates pursuant to an operating agreement with iGaming Ontario. A really good deal. We have, obviously the products we make the most money on are stuff like this. That's the lactobolish. Yeah.

Right? Because I can get it for the same price as common bullion. But if you go and look up like, Oh, what should I pay for a gold American eagle or a gold maple leaf or a gold bar? Those products are so shoppable. You can't really mark them up. Cause then someone will say, I found it cheaper. I'm not going to buy it from you. So the only time you can really mark up something is when you have something unique. Yeah.

Or people just getting ripped off if they go to like a We Buy Gold store to buy gold? Yes and no. Not really? Yes and no. Some of them probably do. You just got to be careful, man. And I mean, you understand those smaller shops, they have to pay for the location and they keep the lights on.

They don't do it on a national scale. So they typically make a lot of their money based on people who walk in wanting to sell gold and they give them a bad deal on the buyback. It's like the client that walks in is there because it's like, well, this is my best option. So they just sell it for cheaper and then they resell it for more. I was watching a gold verse crypto debate and the guy, the crypto guy was like, there's gold on other planets and eventually we're

going to be a multi-planetary species. Have you seen this tape? No. It's interesting. I heard that theory. Yeah, but that's not, I can't see that being in our generation. You know what I mean? Even if it's true. Unless they come here, right? Yeah. Unless, plus who knows how much gold is out there in the galaxy. So many people believe because gold doesn't have a magnetic pull that it's used for alien spacecrafts and stuff like that. That's another theory of why gold is so important to Egypt.

People that speculate though that Egyptians were visited by ex-Cyclestials to help them build these pyramids. The reason they were so fond of gold is because the aliens came to earth for gold. Yeah. That's a theory. So gold goes back really far in history. That's interesting. Yeah. I mean, it's, it's, you know that song that's in a Rudolph movie? Like, how do you measure its worth? Just by the pleasure of bringing silver and gold. And it's true when you get it in your hand and you hold it,

there's something classes about it. You don't want to let it go. It does feel different. It's like an energetic thing. Yeah. Energetic is a great thing. You got companies burn it through it, right? It's in every iPhone now. So is the supply getting smaller, smaller? There's a finite supply. There's it said, uh, that there's only enough gold in the world. All the gold that exists in the world is only enough to fill two Olympic sized

swimming pools. Wow. That's it. Silver is much more abundant. Wow. So it is finite. It's really not much at all. That makes sense why it's way more expensive than silver though. Silver's. If you look at the size of the Olympic swimming pool, it's big. Two of them, it's pretty big, but most gold isn't 100% pure anyway. Right. It's melted down or something. What's the long chain I'm wearing? This is 14, 18 carat, 14, 18, something like that.

Which means that it's got other alloys in it because gold's soft. Some people are like, this is 18. If it's any softer than 18, it, it scratches and dents so easily. It's such a soft metal. So like, uh, if you drop a gold coin on the ground, it's going to dent. Very interesting. It'll even chip off. Like flakes of gold will come off of it. If it's, if it's pure enough. Yeah. What are you going to talk about tomorrow morning?

We're going to talk about, um, it's called the truth about gold. Now that Trump is president, and we're just going to talk about where the, the markets at the industry. It gives the people an opportunity to meet our team and to get some free silver, which I gave a 60 year old kid $2,000 of silver today. What? So on stage when I spoke, I said, Hey, the first person that attacks metals, the 26786, the first person that we get, we are going to give you $2,000 of free silver at our booth.

And as a man of my word, I mean, obviously there's no way for them to track it, but it's not like a thousand tracks. It's about integrity. And yeah, I'm grateful for the opt-ins, right? So it's a cool coin, bro. Thanks, man. I love that coin. As my initials on it, as I've read it, super hard to see, but you see the writing in the wave. It says AMS super on to see. Nice. But that's my initials Alexander Marcos Follain. So I designed this coin. This is a laser etching. Actually, if you just open this, you can see. So this is silver. This is pure silver. Wow. There's a little opening right there. So you gave them a lot of these if

it was $2,000. Four tubes because I gave them to him at what we sell them for, not what I bought about it. Still. But this one was open and saw it. We don't have to. But yeah, guys. So. This one all around the edge, if you see there, oh, it's a bitch. Wow. It's called Re called reads and that's so like they put reads on coins so that people can't shave the sides of them You'll know if it's shaved That's a super crisp coin So people were shaving these back in the day. Yeah. Yeah, like I got the silver

Yeah, I'm just like like that my man gold standard. If you're turning gold, right, you could shave it. And after you shave enough of them, every coin a little bit, you're going to accumulate like, you know, an ounce of gold. So this is a laser etching on the coin and the way it looks black, that gives that appearance. It's called a reverse proof finish. So those, those are very unique features of the coin that justify a markup that I can charge for it because you can't buy another coin like this. I make size. Yeah, so dude, where can people find the site and learn more about you?

Fisher Capital Group.com. So we'll link it below. Thanks for watching. Bet MGM is an official sports betting partner of the National Hockey League and has your back all season long. From puck drop to the final shot, you're always taken care of with the sportsbook Born in Vegas. That's a feeling you can only get with Bet MGM, and no matter your team, your favorite skater or your style, there's something every NHL fan is going to love about Bet MGM.

Download the app today and discover why Bet MGM is your hockey home for the season. Raise your game to the next level this year with BetMGM, a sportsbook worth a celly and an official sports betting partner of the National Hockey League. BetMGM.com for terms and conditions. Must be 19 years of age or older to wager. Ontario only. Please play responsibly. If you have any questions or concerns about your gambling or someone close to you, please contact Connects Ontario

at 1-866-531-2600 to speak to an advisor free of charge. BetMGM operates pursuant to an operating agreement with iGaming Ontario.