TRUNEWS with Rick Wiles - “How to Buy Gold” Searches Soar on Google as Banking Crises Worsens

Episode Date: April 28, 2023

Gold prices have been climbing higher in recent months as economic concerns are on the minds of many people. Stone X analyst Rhona O’Connell told Reuters news agency that stresses in the US banking system are helping gold prices. She told Reuters: "All the current elements of uncertainty are supportive for gold. If they are resolved then a record high for gold is not in sight. But bank stresses do tend to linger and that points to fresh highs.”Meanwhile, the Wall Street Journal reported that the number of Google searches for the phrase “how to buy gold” has reached the highest recorded level in the 20-year history of Google Trends. If people search the Internet for how to buy gold, they’ll probably see the website for the Genesis Gold Group. The founder and President of Genesis Gold Group is Mr. Jonathan Rose. He is with us today from his office in southern California. His website is GenesisGoldGroup.com.Rick Wiles, Doc Burkhart. Airdate 4/28/23 You can partner with us by visiting TruNews.com/donate, calling 1-800-576-2116, or by mail at PO Box 690069 Vero Beach, FL 32969. The Fauci Elf is a hilarious gift guaranteed to make your friends laugh! Order yours today! https://tru.news/faucielf It’s the Final Day! The day Jesus Christ bursts into our dimension of time, space, and matter. You can order the second edition of Rick’s book, Final Day. https://www.rickwiles.com/final-day

You are listening to True News with Rick Wiles. We appreciate you tuning in. To find out more information regarding the broadcast, including prayer and financial support, please visit our website at www.truenews.com. Our mailing address for all correspondence is True News, P.O. Box 690069, Fairview Beach, Florida 32969. This is True News, the truth, the whole truth, and nothing but the truth, so help us God. Gold prices have been climbing higher in recent months as economic concerns are on the minds of many people. Stone X analyst Rona O'Connell told Reuters news agency that stresses in the U.S. banking system are helping gold prices. She told Reuters, quote, all the current elements of uncertainty are

supportive for gold. If they are resolved, then a record high for gold is not in sight. But bank stresses do tend to linger, and that points to fresh highs. Meanwhile, the Wall Street Journal reported that the number of Google searches for the phrase, how to buy gold, has reached the highest recorded level in the 20-year history of Google Trends. If people search the internet for how to buy gold, they'll probably see the website for Genesis Gold Group. The founder and president of Genesis Gold Group is Mr. Jonathan Rose. He's with us today from his office in Southern California. His website is genesisgoldgroup.com. Jonathan, welcome to True News. Well, thank you, Rick. It's a pleasure to be here. Lovely to meet you.

Yes, sir. And we appreciate your company's sponsorship of True News this month. We're very grateful. And are you surprised by that Wall Street Journal report that searches on Google for how to buy gold is at an all time high? It doesn't surprise me. I think, you know, obviously we're in the trenches over here. So, you know, we've been seeing a constant uptick in precious metals literally for the past year now. So I wouldn't say it's something new for us, but we're definitely seeing the consistency in the market. And obviously when, you know, big news drops, banks failures, dollars losing, it's world reserve when, you know, big news drops, banks, failures, dollars losing its world reserve currency, you know, more inflation, higher interest rates, then there's more wins in the

sales of uncertainty. And the more uncertainty there is, like you mentioned in that article, that's where people want to look for a flight to safety and security. And obviously, that's why they start looking for tangible assets. And obviously, during uncertain times, gold and silver have always performed very well. That's right. Interestingly, in that Wall Street Journal report, it mentions that millennials and Gen Z's are discovering gold for the first time, and that they are shying away from cryptocurrency investments because they're nervous about crypto right now. And it was humorous to me to read some of the quotes from 20-something investors saying, you know, the thing about gold is that I can actually hold it in

my hands, all right? Because they were investing in digital cryptocurrency. And now suddenly they bought shiny gold coins that they're holding. And they're like, you know, I kind of like this. So there's a mind shift. There's something taking place right now in the thinking of a lot of people who never bought gold. Yeah, I just recently was interviewed by Forbes magazine, and it was really talking about instilling financial literacy in the youth, like educating younger people. And they were asking me, you know, are younger audiences purchasing gold? And the short answer, unfortunately, is still no.

Now, yes, there is exception to the rule. And like you said, a lot of the short answer, unfortunately, is still no. Now, yes, there is exception to the rule. And like you said, a lot of the younger generation, they saw the cryptocurrency come out, Bitcoin. For a couple of years, they really stole gold's thunder. And Bitcoin was really touted as the new gold. Well, we know how that turned out, as we saw over the past year and a half, that a lot of these cryptos have lost 80 to 90 percent of their value. So a lot of those people have now come to the realization, maybe I do need something tangible. You know, maybe I do need to have something with what I call a track record. And when you look at track records, gold has been around since obviously civilization started.

It's been around since the dawn of time. So people are now realizing that assets like gold and silver are an integral part of a balanced portfolio. Not to say that, you know, cryptocurrencies aren't here to stay either. But I feel in this environment, if you want something risky, something uncharted or unknown, then please go ahead and invest in cryptos. If you want something solid and secure, and it may not have the razzle and dazzle per se of some of these cryptos when they first launched, but people again, are coming back to the realization that gold's not going anywhere. Gold's never gone out of fashion. And again, if you're really trying to build wealth, you know, speaking with the younger generation today, you know, Warren Buffett said it best, you know, some people plan for the future.

Other people plan for Saturday night. And a lot of the youth are still planning for the Saturday night. And it's really, you know, the smart ones that can kind of step outside the box and really read their history books, do their research and realize, you know, now's the time to get serious. Now's the time to start serious. Now's the time to start saving because the economy and how unsettled and really we don't know what's coming towards us. It's very important to kind of build a diverse portfolio. And again, they're realizing

that building blocks are gold and silver. You know, Jonathan, I've told our audience what I'm going to tell you many times, speaking to young viewers of this program. And I've said that, you know, when I was young, I never had a mentor in my life. Never had anyone that just took me aside and gave me wisdom and good advice. I had to learn things the hard way and the expensive way. And what I've told our younger audience is i wish somebody would have told me when when i got married in 1974 i was 20 years old and gold was uh god i don't know i mean this is shortly after nixon and kissinger took the dollar off the gold standard it's somewhere there in the early 70s gold Gold was like $30 an ounce.

Right. You know, and I've said, I wish somebody would have taken me aside, an older person, and would have said, Rick, every month, take some money from your earnings and buy gold and never sell it. Just put it away. I wish somebody would have told me that because after 49 years, I would have a substantial holding of gold. And so I'm telling this to young people watching us right now. It's not too late, right? And it's not too early to begin. None of us know what the future holds. None of us know how the world is going to go. But you mentioned something earlier, Jonathan. Gold's not going away. It's been around. It's mentioned in the first couple chapters of the Bible in Genesis. I don't know if you know this, Jonathan, but one of the first things God showed Adam

before Eve, before he even showed him Eve, God showed Adam gold. And it wasn't just regular gold. The Bible says it was good gold. So I guess that there's regular gold and there's good gold. But God showed Adam gold in the river. And I guess it was because he was about to show him his wife and he was going to say, you're going to need this gold. Okay. So I'm going to show it to you right now. But, but gold is gold has always been around and, and it will be a value until the end. And it's a tangible a tangible uh it's a tangible precious metal that civilizations over centuries have treasured and so i don't see gold as a way to gain wealth to me gold is a way to preserve wealth yes you want to speak about that? Yeah. No, we have a little

saying in our industry and it goes, you know, you don't wait to buy gold, you buy gold and wait. And obviously, you know, what's happening in the economy today, we're finding that the people that are really, you know, in a predicament or they see what's coming to us on the horizon, right, we don't have a crystal ball, but we have a pretty good roadmap and we know what that's looking like. So people who have IRAs or 401ks, you know, they're very concerned. They're seeing the values of their retirement accounts, you know, lose 10 percent per quarter. This is very serious. They're seeing these banks lose all of their value. They're seeing banks being financially wiped out and really irresponsibly run with people with no banking experience. And I think we're going to see some

more banks fail this year. I think that's a given. And obviously, people are hearing mutters and sentences on the news about the dollar losing its reserve status. And what does that mean? Well, a lot of oil that's traded is settled in what we call the petrodollar well a lot of other nations we call them the brick nations brazil russia india china even egypt now they're trying to move away from settlement in u.s dollars and really create their own currency and back that by gold and when you couple in inflation at sky high levels, right, you've got interest rates continuing to rise, which they've mentioned that will also happen. We're in right now what I call this everything bubble. And the everything bubble is everything I'm talking about and more. And it's

only going to take one domino to fall for us to really see the true effect and the dollar losing a great deal of value. We've seen currencies come and go over many years. And the dollar right now is kind of could be at the very end of its life cycle. That's why we're seeing in the introduction of central bank digital currencies, the digital dollar, the Fed coin, it's got many names. It's a very bad idea. And all this uncertainty really leads to fear. And when there's fear, there's panic selling. When there's panic selling and it's dollar related or to do with the stock market, you know, that's where we can see these huge, you know, swings in the market and volatility. And when there's volatility, people are looking for a safe haven. So if people have IRAs or they have 401ks,

they're really waking up to the fact that, you know what, you can still have an IRA or a 401k, but you can roll it over, keep it tax deferred and put precious metals in there. And some people may be hearing this for the first time and saying, you can put precious metals in an IRA or a 401k that I had with my employer. And the answer is absolutely yes. And really what we're doing right now is just giving people an education because an informed investor is a better investor. We've been thrown into these investments over the years by these brokerage accounts. And nine times out of 10, people really don't know what they're invested in. And when I say to people, you know, what's inside your ira i don't say that to kind of you know make them feel bad because they say i don't know i don't know what's

in my ira and i and i tell them all now's the time to find out exactly what's in there what are you holding because what happens next could actually really uh harm you financially so kind of by shedding a spotlight on people's retirements so they can understand better what they're invested in and then letting them understand what are their options. You know, how do I protect what I have? Is it with gold? And if it's with gold, this is what it looks like. And people are now waking up to the fact and realizing I need to do something about my retirement dollars. And they know that the security and the stability is there with the precious metals. And that's, again, that's gold and silver. Jonathan, you covered a lot of territory. No, the things that we talk about here at

True News every day. I mean, you just, it just, to me, just sounded like you've been watching True News for years years i mean you you covered all the bases and but anybody that's paying attention uh to to what's going on in the world is aware that the the the day of the dollar is coming to an end and and the world is going to change um i i was going to ask you later in the interview about the IRAs, but you brought it up. So I'm sure that there are a lot of people watching us right now who don't know that they can hold precious metals inside their IRA. Now, I just read yesterday a Wall Street Journal report about commercial real estate, and it mentioned that pension funds are a major source of funding for commercial real estate,

and a collapse of commercial real estate prices is going to severely hurt pensions. So you said, you know, you ask people, what's in your IRA? And they go, I don't know. Well, see, people that have pensions, retirees, or people who are getting ready to retire and draw on a pension, they don't have any idea that their pension fund has invested in a lot of real estate, commercial real estate that right now is empty. And I saw one building in this article in San Francisco, Skyscraper. It was valued at $300 million. They don't think it could sell for 20% of its value right now. Wow. In just a matter of a couple of years. And the article was talking about how many pension funds invested in that building.

Those are people's retirements. Yeah. And so when you're talking about putting precious metals in your retirement fund, there's a lot of people who don't even know that that's possible. So that's a service your company does, right? Yeah, absolutely. And, you know, people can call in and they can find out more on how to preserve and protect what they have. I'm glad you mentioned like empty buildings, because it's not just empty buildings that people are investing in in their IRA. You know, a lot of these brokers, I financially, how can I say it?

They're incentivized to have people's IRAs even invest in what we call these ESG funds. And these are very liberal, woke funds that maybe, you know, I know I don't personally agree with. And your money is being siphoned off and invested in maybe a group of people that, you know, your morals and values don't align with. And people are even, you know, waking up to that fact. So whether it's like empty commercial state buildings and people are losing money on the real estate side, whether it's invested in, you know, woke liberal agendas, you know, people are looking for answers. And really, this is the time where people need to pay attention. You can't, you know, people are looking for answers. And really, this is the time where people need to pay attention. You can't, you know, be an ostrich and bury your head in the sand and pretend nothing's happening. It's really understanding on what we're facing today. And we're facing more issues today

than we ever did four to five years ago. And when I tell people, you know, gold and silver, just look at the track record. Four to five years ago today, gold and silver rose roughly 40 percent. They're kind of neck and neck. Now, do I think gold and silver is going to rise another 40 percent in the next four to five years? Well, you know, obviously we don't have a crystal ball per se, but we have a good roadmap and we know the issues that we're dealing with today. And a lot of these issues, the magnitude of these issues are so beyond the scope of people's understanding of what it could mean to the complete devastation and loss of value of the U.S. dollar. You know, an economy not going into a recession, but a depression. And all of these facts that are out there, you know, a lot of these great financial minds. There's a great Swiss economist, Nouriel Roubini.

They called him Dr. Doom. He successfully predicted the 08 housing crash. I mean, he's standing on a pedestal and telling people now's the time to get out of the market. You have people like Michael Burry, a famed trader. They made the movie about him. I think it was the big Short. It was called Christian Bale played in. Great movie. And again, he sold his entire stock portfolio. And he's telling people this isn't a time to be playing on the Wall Street casino. So again, we may not have all the answers. A lot of people that are listening to this, they're busy working day to day and they don't really have time to really focus in on their retirement account.

If they have one, their company's looking after it or it's just with a name brand brokerage house. Well, now's the time to find out exactly what you are invested in. Is it ESG funds? Is it commercial real estate? Is it assets that are tied strictly to the US dollar that could drop in value, which can also drop the value of your retirement account? So really, right now, it's about getting an education. And that education is going to really help people understand on what's about to happen next. And that's why I say, you know, you don't wait to buy gold, you buy gold and wait. Hopefully, these experts are wrong,

but I see the US dollar right now as like a big cruise ship. If you've ever seen a cruise ship try to do a big 360 rotation, that's going to take some time. So the dollar is going to take time to recover. And during that recovery period, we're going to be in for some more pain. And just knowing that, that's why you want to be proactive and not reactive. There's no point, you know, buying the flood insurance after the flood arrives. And this is what people are doing right now. They're being proactive. And that's what you need to do in this market. That's right. Jonathan, you mentioned Dr. Rubini. And back in the early 2000s, I was living in Texas at that time, the Dallas-Fort

Worth area, and had just started this program. And we had a small office building, and my wife Susan and I had a home there in the Metroplex. But I was following Dr. Rubini at that time and listening to his projections about real estate. And in August of 2004, I notified the True News audience that there was going to be a real estate crash. And because of Dr. Rubini and some other people, and in early 2005, we sold our office building and our home. And the instructions I got from the Holy Spirit was sell your real estate now, do it now, all right, and wait, just wait. And I didn't like the idea of renting, of waiting and renting. You know, I wanted to own something, but I knew that there was a crash coming. And so we sold the office and our home at the peak prices. And shortly thereafter, the prices started

to fall. Of course, by 2008, you're deep into it. We moved to Florida and I bought a brand new office building that the it was foreclosed by the bank the mortgage was 2.5 million in the foreclosure and i offered the bank 377 000 and they said yeah we'll take it wow that's amazing what is that about 13 cents on the dollar. Okay. Right. So people need to understand we're in another, we're just now going into a severe economic downturn. We're just at the beginning of it. And I'm encouraging our audience to listen to people like Jonathan. Listen to others who are experts in the financial system and investments because you don't have to be hurt. Wisdom will give you the ability to actually come to go through the storm and come out on top because we're in a different building now. We have this

beautiful facility that we we we have a you know uh state-of-the-art television center here but you know what jonathan we were able to sell that building and put the proceeds into this building that's great all right so there's there's wisdom all right and and people what i'm trying to get across to people right now is investing in precious metals right now is wisdom. The dollar is shaky. They're planning to, if the Fed gets away with what they want to do, they're going to abolish all paper money. They want you to have a digital dollar that's programmable, which means they can turn it on and off. Jonathan, a programmable digital dollar, they could lock us down.

They could geofence us, all of us. And they could tell you, Jonathan, your money only works in your zip code. I mean, if there was another national lockdown like we had in the pandemic, they could lock the entire country down by zip codes, by simply making their money inoperable outside of the zip code. Yeah, and it's not money. It's a software, right? This isn't even a digital currency. It's not money.

Yeah, it's software. It's a software, right? This isn't even a digital currency. It's not money. Yeah, it's software. It's a bad idea. I want to go back to the IRA matter. So if somebody moves their current IRA into an IRA holding precious metals, somewhere there has to be precious metals all right the the ira owner doesn't doesn't get those metals i don't think you have them so i'm assuming somewhere there's a there's a fiduciary agent who's bonded and is is has the responsibility of holding those metals until that person retires. Is that the way it works? Yeah, correct. So the mechanics of a self-directed IRA is, and you're purchasing metals through a self-directed IRA. So there's the metals broker. So that's us. We're Genesis Gold Group. We facilitate everything. Then you're still going to need a custodian. So what's a custodian? So people who

have IRAs or 401k, maybe they're with Fidelity, Charles Schwab, Merrill Lynch, one of those financial institutions. That's also a custodian. So you would require a new custodian. So that's the second party in the transaction. And then the third, like you mentioned, well, who holds the metals? If it's not Genesis Gold Group and it's not the custodian, who's that fiduciary responsibility? So the metals are held at a licensed depository. And we actually use a depository that's in Wilmington, Delaware. It's called DDSC, Delaware Depository Services. And they're backed by the major exchanges.

And they're also insured by Lloyds of London for a billion dollars. So your money's rolled over to a new custodian. Once your money's at the new custodian, at that point, you know, people like myself or people within our organizations have what we call a metals consultation call. You know, and on that call, we cover asset allocation. You know, how much gold, how much silver, what type of products that are going to be in there. And then once that's been established, then metals are shipped to Delaware Depository

where they're held in a licensed facility. And then the custodian at that point does all of the reporting. So you can log into a web portal like you can right now with Fidelity or Charles Schwab and you'll see the value of your portfolio. But now you'll have physical metals sitting in a depository with your name on it, with what products you have in that. And what I like particularly about an IRA is when you liquidate or take distributions or RMDs, required mandatory distributions, you can take the cash value of the metals

or you can actually take possession of the metals yourself, which is very advantageous. So I'd say 90 to 95% of our clients, when they take a distribution from the IRA, they're not liquidating their gold and silver and taking the cash, they're actually taking possession of their metals at that time. And that's something I'm definitely an advocate of. Okay. So the precious metals are held in a safe location. Right. The custodian is bonded. And nobody's going to walk off with the money, with the precious metals. And did I hear you say that the IRA precious metals and did i hear you say that that the ira precious metals are are

segregated they're not just thrown into a vault with everybody else's gold but you but an ira holder would actually know that there is a safety deposit box or whatever uh measurement they use that that that person's precious metals are segregated from everybody else's in that company. Is that correct? Yes. In fact, you get a choice. You can have segregated or non-segregated. So the client actually gets to choose.

But absolutely, an account established in their name, the money never goes to us. It goes to the custodian. They're the people with the fiduciary responsibility to make sure all the boxes and the I's are dotted and the T's are crossed. And then the metals go to the depository. It's still an IRA. You still get your statements. In fact, you can visit your metals. And, in fact, I've gone to the Delaware depository myself.

I've had clients go and visit their metals. Yes, you can take them with you if you so please but remember if you take them Before you know you reach the age to take an RMD that would be considered a distribution and obviously a taxable event now Obviously, I'm going into much much greater detail, but but the mechanics of what we've gone over You know people can kind of see the flow from start to finish. And we actually have an IRA department here at Genesis Gold Group. And what happens is they will actually get on the phone with our clients and speak to their existing custodian and literally initiate the process from A to Z and walk them through it. So it's actually a very simple process. Okay.

So, Jonathan, we have less than two minutes. So if somebody had, let's say, a million dollars in an IRA right now, can they roll over the entire $1 million into precious metals? Yes, they can do a full rollover, a partial rollover, but absolutely. It's still tax deferred, still an IRA, and you actually have physical, tangible metals to your name in that IRA. And when they begin the withdrawals, are they withdrawing actual coins or are the coins being sold and they're getting the cash proceeds? How does that work? Can you do it in one minute? Yeah, no, they can sell the coin and take the cash proceeds, which get wired back to them, or they can have the metals physically shipped, ins proceeds, which get wired back to them, or they can have the metals physically shipped insured up until they sign for it at their doorstep.

The metals can be physically shipped right to their doorsteps. And a lot of our clients, you know, they keep their metals, whether it be in a gun safe, bury it in the ground, wherever they want to keep them that's safe, you know, you can do that. And if it's not IRA funds, you know, people have money in the bank, cash savings, they can just purchase gold. And the same thing, we will actually physically ship the metals insured to their doorsteps. Would you have your metals held by Sam Bankman Freed? No. I'm actually a big, in fact, some people say to us, will you hold the

metals for us? And we do have the facilities to do that. But I tell people a big, in fact, some people say to us, will you hold the metals for us? And we do have the facilities to do that. But I tell people, no, take possession of the metals yourself. That's why you're doing this. One quick question, maybe we're down a few seconds. If people just want to buy coins or they just want to buy bars of precious metals, can they do that through Genesis Gold Group? Yeah, absolutely. We do everything.

They can call us 800-200-GOLD. That's what we specialize in, physical delivery or IRA or retirement precious metals. And we've already had some of your listeners and viewers calling in and it'd be our pleasure to help. All right, we got to go. Jonathan Rose, Genesis Gold Group. Thank you, Jonathan. Thank you, Jonathan. Thank you, Rick. You have been listening to True News with Rick Wiles. Thank you for listening. To find out more information regarding the broadcast,

including prayer and financial support, please visit our website at www.truenews.com. Our mailing address for all correspondence is True News, P.O. Box 690069, Vero Beach, Florida 32969.