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Speaker 1: On this episode of News World. As interest rates continue

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Speaker 1: to rise and inflation is an all time high, the

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Speaker 1: stock market continues to be volatile, many Americans are wondering

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Speaker 1: whether they should be saving or investing right now, and

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Speaker 1: if so, how much can they afford. Many of my

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Speaker 1: family members and friends want to know how they can

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Speaker 1: protect their own finances and investments as we face this

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Speaker 1: challenging economic period, and I want to talk with someone

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Speaker 1: who has been advising people on their personal finances and

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Speaker 1: investments for over twenty five years. So I'm really pleased

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Speaker 1: to welcome back my guest, Charles Thornban, founder and CEO

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Speaker 1: of Legacy Precious Medals. Charles, welcome and thank you for

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Speaker 1: joining me again on news World. Oh it's absolutely my

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Speaker 1: pleasure as always, Thank you, Charles. Why don't we start

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Speaker 1: by talking a bit about the state of the economy

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Speaker 1: as it stands right now in November twenty twenty two.

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Speaker 1: Is you know we're seeing a lot of large companies

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Speaker 1: lay people off. What's your reaction to all that great question?

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Speaker 1: I think you know, we look at probably the Big three,

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Speaker 1: you know, Meta being one. When you come out and

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Speaker 1: say that you need to lay off eleven thousand workers.

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Speaker 1: That's a pretty big indication of how bad things are

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Speaker 1: for one of the larger companies that there is. I

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Speaker 1: know that the costs of running the company have become

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Speaker 1: substantially more than they expected. I believe we were looking

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Speaker 1: at costs and expenses jumping to about nineteen percent year

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Speaker 1: over year, which for them really is employees too. Meta

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Speaker 1: is not a company that needs to worry about gas

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Speaker 1: prices as much, but this is the cost of employees.

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Speaker 1: So you know, twenty two point one million dollars in

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Speaker 1: the third quarter loan with the expenses for Meta. You

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Speaker 1: can't have those kind of cost while having sales decrease.

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Speaker 1: I think you'll see that those numbers never work for

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Speaker 1: a company operating expenses dropping to forty six percent from

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Speaker 1: where they were and then you have increased labor costs.

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Speaker 1: It never works out. That's bad business. And this is

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Speaker 1: why you have Zuckerberg coming out and saying thirteen percent

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Speaker 1: of the staff has to go well. At the same

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Speaker 1: time the Meta selling problems, Elon Musk was causing turmoil

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Speaker 1: at Twitter in ways that are kind of amazing. Didn't

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Speaker 1: you talk to us a little bit about the degree

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Speaker 1: to which Twitter also is going through a period of layoffs. Absolutely,

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Speaker 1: And this one's interesting. You typically you don't see someone

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Speaker 1: stepping into buy a company when they know that there

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Speaker 1: is a liquidity problem. You have him stepping out forty

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Speaker 1: four billion dollars. It's not pocket change. I don't care

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Speaker 1: who you are, but to agree to do that and

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Speaker 1: then immediately fire everybody, Fire the chief executives, fire all

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Speaker 1: the top manager, layoff seventy five hundred employees, it's a

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Speaker 1: really good indication of what again we were talking about

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Speaker 1: that employee valuation. Having to raise the amount that you're

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Speaker 1: willing to pay somebody creates such a deficit that you

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Speaker 1: actually begin to bankrupt the company to some degree. So

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Speaker 1: you look at that and then you say, okay, seventy

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Speaker 1: five hundred employees gone, and then an additional four thousand

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Speaker 1: to fifty five hundred more contract employees. And that's a

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Speaker 1: whole separate field, is the contract employees. Elon Musk does

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Speaker 1: no valuations. We know that. So him saying that this

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Speaker 1: is what has to happen, this is more of a

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Speaker 1: way of saying, here's what you can expect in other

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Speaker 1: companies to come. The economy is not in the best

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Speaker 1: of shape. No matter what anyone says, layoffs are the

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Speaker 1: biggest sign of that. Well, the other underlying factor in

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Speaker 1: addition to the layoffs is that inflations continuing, which will

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Speaker 1: continue the pressure. I was really surprised that the energy

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Speaker 1: index rose seventeen point six percent, but the amazing one

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Speaker 1: to me was fuel oil which jumped sixty eight point

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Speaker 1: five percent, and then electricity fourteen point percent. I mean,

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Speaker 1: how do you see the inflation rate and what the

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Speaker 1: Federal Reserve is doing to try to bring it under control,

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Speaker 1: and how do you read all that fuel becomes interesting

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Speaker 1: to me. We can't forget what happened just two years

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Speaker 1: ago when you shut down the pipeline and you restrict

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Speaker 1: the flow of America that was at one point energy independent,

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Speaker 1: and create what we have now. We have officials basically

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Speaker 1: banking foreign countries to give us more oil at a

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Speaker 1: good price. To me, that's shameful. It doesn't need to

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Speaker 1: be there. So when you see that index rising to

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Speaker 1: that degree sixty eight percent, part of that is our

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Speaker 1: own doing. But that's beside the fact. Right What we

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Speaker 1: have to do now is figure out how to fix it,

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Speaker 1: because in this day and age, everything travels to get

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Speaker 1: to its destination. All the products you buy, they're being

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Speaker 1: shipped someplace. So when you start dealing with fuel, this

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Speaker 1: has a detriment to the price because the transportation costs

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Speaker 1: increase the product cost. So you're fighting an unneeded increase

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Speaker 1: in price on top of inflation as well. So it's

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Speaker 1: really a compounding issue. So given all of that, it

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Speaker 1: seems to me we're going to see a lot more

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Speaker 1: market volatility. I would agree. I noticed that Morgan Stanley's

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Speaker 1: chief US equity strategist Mike Wilson suggested that the bear

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Speaker 1: market is not over and that the SNP five could

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Speaker 1: hit a new low early next year. He said, quoting him,

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Speaker 1: we remain highly convicted that the twenty twenty three bottom

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Speaker 1: up consensus learnings are materially too high, and a note

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Speaker 1: thirty cent to clients on Monday. Now, as you know,

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Speaker 1: people can get sucked into a bearer market, and you

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Speaker 1: can have an occasional brief uptick, but the long term

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Speaker 1: pattern of the market is down. Do you have a

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Speaker 1: sense that that's part of what we're in the middle of. Absolutely,

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Speaker 1: we look at these numbers that were released and we're

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Speaker 1: hearing cheers in the market. Oh, it's not gone up

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Speaker 1: as high as we thought. PPI didn't go up as

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Speaker 1: high as we thought. The CPI is not as high

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Speaker 1: as we thought. To me, one month doesn't determine anything.

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Speaker 1: The reality is, if you look at some of the

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Speaker 1: worst inflationary periods in the United States history. Classic example

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Speaker 1: will take June of nineteen seventy three, the inflationary it

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Speaker 1: was six percent and then it dropped down to five

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Speaker 1: point seven three percent, and they made a mistake of

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Speaker 1: saying we've got it fixed. Well, in the next three months,

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Speaker 1: it's shot up to over seven percent inflation, and it

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Speaker 1: continued to move forward from there into that high inflationary

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Speaker 1: periods of the late seventies twelve percent. And this is

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Speaker 1: what we're seeing. We're seeing a market that wants to

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Speaker 1: be given easy money, and we've had easy money for

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Speaker 1: a very long period of time, and I think our

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Speaker 1: economy and our market has got addicted to it. So

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Speaker 1: they want to keep that coming. So they're going to say, oh, look,

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Speaker 1: we're good now. We had a small pullback. One month

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Speaker 1: does not make a fix, and I'm hoping that the

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Speaker 1: Fed understands that and doesn't fall victim to the pressures

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Speaker 1: of the market, because if it does, we're in for

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Speaker 1: a much bigger shock in the next few months, so

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Speaker 1: the course needs to be stayed. We know that they'll

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Speaker 1: be a raise in December, and it's probably going to

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Speaker 1: be a half a basis point, but that's already even known.

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Speaker 1: No one raises high in the last month of the

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Speaker 1: year just doesn't happen, So pulling back from the three

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Speaker 1: quarters for percent down to the half so there's no

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Speaker 1: real victory there. But I think the thing that we

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Speaker 1: need to really be careful for is the assumption that

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Speaker 1: things are fine. If you've been keeping up with the

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Speaker 1: news lately, you know that we're living in challenging economic times.

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Speaker 1: Americans are suffering from supply chain problems, soaring grocery prices,

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Speaker 1: and high inflation. All this economic turmoil means increased volatility

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Speaker 1: in the stock market, which can impact your retirement investments.

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Speaker 1: same tax advantage of a traditional ira, or giving you

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Speaker 1: your financial security should never be left to chance. Learn

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Speaker 1: call today at six six four eight four four O

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Speaker 1: of the opposite of gold and sober has been cryptocurrency,

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Speaker 1: which at times has taken off and looked like it

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Speaker 1: was a great investment. But when FTX, which was valued

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Speaker 1: at thirty two billion dollars in January, declared bankruptcy, what

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Speaker 1: happened to all that money? I mean, they go from

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Speaker 1: thirty two billion dollars to now being bankrupt and there

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Speaker 1: were people out there counting on the thirty two billion,

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Speaker 1: including I think some pension funds which had actually invested

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Speaker 1: in this stuff. Does it just kind of like disappear

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Speaker 1: in this case, Yes, it's gone. Cryptocurrency, much like the

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Speaker 1: stock market, it's often called a zero sum game, right

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Speaker 1: one wins, one loses. In this scenario, everyone's lost because

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Speaker 1: the value was never there. You have, unfortunately, what is

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Speaker 1: already I would say a risky asset, not that people

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Speaker 1: shouldn't have invested in it somewhat as long as their

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Speaker 1: portfolio was laid out and planned right, But you have

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Speaker 1: an asset that, for the longest time has no real

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Speaker 1: regulation to it, you have no oversight in it. I mean,

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Speaker 1: that's how it originally came out. It was a private

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Speaker 1: asset that people couldn't trace. So they dealt with those

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Speaker 1: issues and they've got up more mainstream. But the big

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Speaker 1: issue really comes in here is when you had like

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Speaker 1: the ftx is get involved and they started managing it

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Speaker 1: like a mutual fund to some degree, and they were leveraged.

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Speaker 1: Leverage is not something to play with. Professionals should only

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Speaker 1: be doing that. And I think you know, unfortunately in

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Speaker 1: the realm of cryptocurrencies, there's not many true financial wizards

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Speaker 1: involved that can go out and say, let's margin, let's

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Speaker 1: borrow against, let's leverage this account to try to generate

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Speaker 1: some additional income. And this is where you run into

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Speaker 1: those troubles because that has to be done in a

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Speaker 1: way where there's protection to the bottom line, and we

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Speaker 1: haven't seen that. And this isn't the first issue with cryptocurrencies.

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Speaker 1: You know, we've even had issues where it was stolen

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Speaker 1: mount dogs and things like that. So when you look

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Speaker 1: at it, you know that you're dealing in a relatively

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Speaker 1: new asset, right, a new vehicle, investment vehicle. You have

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Speaker 1: to go with caution. You have to look at it

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Speaker 1: with caution. And because it was a high flying asset

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Speaker 1: for a while, people forgot that, and this leads us

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Speaker 1: to these troubles. I mean, when it comes to finances,

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Speaker 1: you've got to have a plan, and it's good to

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Speaker 1: be a little conservative. It's good to have that protection there.

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Speaker 1: Cryptocurrency is one zone. Another thing which I frankly don't

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Speaker 1: fully understand. It's called a meme, a meme stock. What

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Speaker 1: is a meme stock? Yeah, meme Stock's interesting how this

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Speaker 1: generation has created new terms for investment vehicles. Really, basically,

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Speaker 1: what a memestock came down to was a group of

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Speaker 1: people would rush in talk about this stock, right, and

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Speaker 1: they would create these little memes, these little pictures, and

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Speaker 1: they'd get on their Twitters and all of their little

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Speaker 1: social platforms and say this is a great bed, everyone

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Speaker 1: buy in. In the old days, we would call that manipulation.

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Speaker 1: You'd have people step in take a position and then

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Speaker 1: convince a bunch of other people that they should buy

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Speaker 1: it too, And it works well. Now because we have

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Speaker 1: these social media platforms, we have so called experts, people

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Speaker 1: who claim to be experts on something, convincing the people

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Speaker 1: who are inexperienced or young to follow them, and they

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Speaker 1: push all this money in and then they're told, hold on,

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Speaker 1: this is going to be a great and it goes

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Speaker 1: up and then it suddenly comes down, and I think

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Speaker 1: when it's all said and done, you're going to see

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Speaker 1: quite a few of these experts revealed to have actually liquidated.

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Speaker 1: They're meme stocks before the downturn. You know, classic scenario

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Speaker 1: that you see whenever there's a form of manipulation, you know,

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Speaker 1: when you're looking at meme stocks, that's kind of what

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Speaker 1: you're talking about. These are stocks just like any other stock,

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Speaker 1: but they somehow, given the power of the social media

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Speaker 1: to knit people together, they suddenly become sort of a

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Speaker 1: bandwagon effect, and then they get a price that's psychological

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Speaker 1: rather than financial correct or your meme stocks, none of

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Speaker 1: them were actually dealt in anything that really was even

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Speaker 1: close to a financial evaluation. You know that there's class examples,

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Speaker 1: the game stocks, the AMC. All of those companies were

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Speaker 1: not doing well financially, and some of them were so

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Speaker 1: much so that they probably could have gone under if

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Speaker 1: it wasn't for this social media effect where they had

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Speaker 1: people clamber in and push so that in the world

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Speaker 1: of stocks, you have certain players who will take a

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Speaker 1: short position, okay, And what they did was they made

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Speaker 1: these financial people remove their short positions. Creates a short

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Speaker 1: squeeze and it forces the price up. And that's what

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Speaker 1: we saw a lot of. So let me run you

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Speaker 1: through a couple of easing just get your comments. One

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Speaker 1: was game Stop, which suddenly jumped fifteen hundred percent in

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Speaker 1: share price in two weeks and reached a high four

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Speaker 1: hundred and eighty three dollars. And apparently the Reddit community

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Speaker 1: was suddenly coordinated this effort, but in fact that wasn't

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Speaker 1: the real value of game Stop. It wasn't even close.

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Speaker 1: And what that really was like, we said that Reddit

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Speaker 1: community stepped in and said, here's a stock that doesn't

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Speaker 1: have much volume, right, it's something that we can control

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Speaker 1: to some decree if we get enough people to put

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Speaker 1: money in. And because the price was so low, you

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Speaker 1: had a lot of that Reddit community was your crypto crowd, right,

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Speaker 1: and they had this money they had made on their

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Speaker 1: bitcoin and their ethereum, and they felt like they were

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Speaker 1: millionaires and they knew what they were doing, so they

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Speaker 1: followed these REDDA communities and they dumped a lot of

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Speaker 1: money in a very short period of time, and it

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Speaker 1: was coordinated so that you constantly had buys on the

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Speaker 1: market forcing the price up. So really what they did,

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Speaker 1: when you look at it, is they artificially inflated the

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Speaker 1: price so they felt like they made money. And the

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Speaker 1: big problem there came when it was time to collect

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Speaker 1: your profit because there was no market there to sell

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Speaker 1: it to. Well, similarly, I go to AMC theaters, So

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Speaker 1: I'm fascinated by what's happened with the movie chain and

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Speaker 1: its price, which was probably based pretty closely unreality, was

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Speaker 1: about two dollars per share, and then it's been driven

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Speaker 1: up to sixty two dollars per share. In twenty twenty one,

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Speaker 1: the CEO Adam Aaron actually created an AMC meme stock,

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Speaker 1: which you gave out to the stockholders, and literally it's

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Speaker 1: been estimated that the meme stock investments may have saved

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Speaker 1: AMC from going bankrupt. I mean, that's all kind of

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Speaker 1: wild because it's not actually related to the underlying financial

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Speaker 1: reality of the company. Absolutely not. And that is a

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Speaker 1: great example. And here's probably an example where it wasn't

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Speaker 1: as bad for AMC. Was it based on financials? No,

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Speaker 1: So we have to remember in twenty twenty one, people

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Speaker 1: were not going to the theater. AMC was not generating income.

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Speaker 1: So to see that kind of move, it's really tremendous

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Speaker 1: and that shows you the power of that society that

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Speaker 1: we're doing these types of investments. And when it's hovering

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Speaker 1: just over around the two dollars price point, people who

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Speaker 1: had made money again in cryptos and in their other

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Speaker 1: meme stocks, they were following the crowd. There was a

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Speaker 1: wave and they were riding that wave, and it was

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Speaker 1: led by several people who have a very large following

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Speaker 1: in this community. And yes, in this case, I do

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Speaker 1: believe it saved AMC from bankruptcy during that very specific

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Speaker 1: period of time. That's a tough industry, that's a lot

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Speaker 1: of real estate and things to hold to generate profits,

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Speaker 1: so theaters typically have some trouble there. But in this case,

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Speaker 1: I agree it did save that chain from going bankrupt,

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Speaker 1: but it still was not about financials. You have sort

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Speaker 1: of emotional stocks rather than financial stocks. You know, people

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Speaker 1: aren't taking a hard, cold look what's this company worth,

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Speaker 1: what's its growth prospect, what's its profit like? There instead

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Speaker 1: joining a crowd and kind of a movement of excitement,

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Speaker 1: but one which has a real potential to be a

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Speaker 1: bubble that then bursts, leaving them holding stock that's worth

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Speaker 1: dramatically less than they invested. Exactly. You take that kind

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Speaker 1: of an emotional investment and it's pure emotion because it

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Speaker 1: is not financial, but that also puts you at that risk.

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Speaker 1: Right when the finances come out and when the numbers

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Speaker 1: are out and it's revealed that the company has no

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Speaker 1: real value, you lose everything in most cases. And that's

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Speaker 1: the caution that people need to be aware of while

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Speaker 1: establishing your portfolio. You want to make sure that things

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Speaker 1: you take a risk with is a minor portion so

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Speaker 1: if something does go wrong, it doesn't ruin you financially.

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Speaker 1: It may hurt, but it won't ruin you. And that's

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Speaker 1: the difference. When you're looking at your investments. You've got

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Speaker 1: to have some basis of the financials, not just the hype.

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Speaker 1: If you've been keeping up with the news lately, you

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Speaker 1: know that we're living in challenging economic times. Americans are

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Speaker 1: suffering from supply chain problems, souring grocery prices, and high inflation.

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Speaker 1: All those economic turmoil means increased volatility in the stock market,

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Speaker 1: which can impact your retirement investments. Legacy Precious Metals is

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Speaker 1: the company I use when investing in gold and gold

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Speaker 1: iras a gold ira has the same tax advantage of

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Speaker 1: a traditional ira, or giving you protection by owning physical goal,

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Speaker 1: Legacy Precious Metals believes that your financial security should never

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Speaker 1: be left to chance. Learn how to protect your wealth

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Speaker 1: and secure your financial future with gold, whether it becomes

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Speaker 1: part of your retirement account or the physical medals or

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Speaker 1: shipped to you, Legacy can advise you on how to invest.

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Speaker 1: Give their experts a call today at eight six six

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Speaker 1: four eight four four O four three. That's eight six

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Speaker 1: six four eight four four O four three, or download

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Speaker 1: their comprehensive Gold guide at by Legacygold dot com. Visit

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Speaker 1: by Legacygold dot com to go from great volatility in

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Speaker 1: essentially emotional definition of value to what has been the

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Speaker 1: longest safe investment I guess and recorded human history in

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Speaker 1: an area where you're a real expert. Talk to us

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Speaker 1: a little bit about diversifying some into gold and silver

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Speaker 1: as part of a positive portfolio that protects people from

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Speaker 1: some of the downside risk. It's so relevant to have

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Speaker 1: a portion in gold. It's a way of saying that

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Speaker 1: if the dollar continues its declined because of inflation, if

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Speaker 1: the government continues it's spending, I have something that's going

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Speaker 1: to counterbalance that irresponsibility of government spending and inflation in

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Speaker 1: my portfolio, because ultimately your portfolio. Most people are doing

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Speaker 1: it so that they can retire. Retirement is a big issue,

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Speaker 1: right when you agreed to no longer work and survive

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Speaker 1: off of the labor that you've spent your entire life doing.

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Speaker 1: That's a big time of risk for you because you're

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Speaker 1: now saying, I trust what I've done and I'm going

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Speaker 1: to go ahead and manage my money wisely. I've invested

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Speaker 1: all my life. I need this now to take care

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Speaker 1: of me. And this is where these riskier things, if

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Speaker 1: they're in your portfolio, they cause you trouble. But when

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Speaker 1: you have that basis in gold and silver, you have

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Speaker 1: that structure of support you can build off of that

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Speaker 1: because that's the thing that's going to maintain value through

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Speaker 1: the good in the bed. When things get tough, gold

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Speaker 1: and silver are there to protect you. They increase in

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Speaker 1: value as the dollar gets weaker. And now, as a

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Speaker 1: classic example, inflation like this, it's going to affect the

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Speaker 1: stock market worse. Still. I know people don't want to

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Speaker 1: hear that. We have a down market already, we have

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Speaker 1: a bear market, but it's not done. And this is

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Speaker 1: where gold and silver step in. That prevents you from

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Speaker 1: that loss that you're going to see in those other

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Speaker 1: more markets. Give you stability and increase in value over time.

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Speaker 1: Is it a high flyer, No, but that's not what

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Speaker 1: you need when you're ready to retire. You need stability

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Speaker 1: and stable growth. This is what the precious metals industry

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Speaker 1: does for you. It gives you that, and this is

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Speaker 1: why people should always have a portion there. It will

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Speaker 1: help remove the fear of what could happen to your

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Speaker 1: retirement from the stock market. As I understand it, you

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Speaker 1: can either have physical gold or you can have a

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Speaker 1: gold ira, which is basically a guarantee of your right

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Speaker 1: to acquire the physical gold if you want to. But

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Speaker 1: those are two different ways of being invested in gold

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Speaker 1: and silver. Is that accurate? That is accurate, and many

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Speaker 1: clients do both. Having the gold and silver in their hands.

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Speaker 1: It's a great comfort in that right you have instant

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Speaker 1: liquidity in your hands. And then the retirement account. It

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Speaker 1: makes sense because again this is what you're looking to

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Speaker 1: used to live for the rest of your life when

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Speaker 1: you retire. So for most people, the largest real portfolio

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Speaker 1: they have is their retirement account. They've been saving for years,

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Speaker 1: they've put it away, and by having precious metals as

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Speaker 1: part of that, you take the risk away from your

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Speaker 1: IRA account being hammered and destroyed by high inflation and

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Speaker 1: a stock market that pulls back drastically. The last time

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Speaker 1: we're really in this scenario would be in two thousand

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Speaker 1: and eight, and I remember then people who would call

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Speaker 1: us and say, I had everything in the market, I

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Speaker 1: can't even retire now. I mean, that was very troubling

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Speaker 1: to hear, and there was not a lot we could

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Speaker 1: do at that point. Once the damage has been done,

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Speaker 1: it's done. So I really want to appeal to people

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Speaker 1: to say, hey, evaluate your risk yourself and get some

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Speaker 1: safety in there. Do it before you think you need

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Speaker 1: to do it. That way, you are protected with all

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Speaker 1: of your experience, your background, and your knowledge. When you

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Speaker 1: set out to found Legacy Precious Medals, you really wanted

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Speaker 1: it to be a different kind of company. Explain to folks,

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Speaker 1: how did you see Legacy Precious Metals being different than

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Speaker 1: a lot of companies they might see advertised on TV

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Speaker 1: or they might read about Legacy. For me, the name

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Speaker 1: is in by accident. You know, my son is involved

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Speaker 1: in the company as well. We have that family business aspect,

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Speaker 1: but for us, it's also the legacy of our clients.

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Speaker 1: We handle things a little differently. I've often said, you

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Speaker 1: know that we are a customer service company that actually

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Speaker 1: deals in precious metals, because for us, it's really important

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Speaker 1: that our customers understand what they're doing, why they're doing it.

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Speaker 1: We really want to focus on the education of them

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Speaker 1: rather than trying to sell them some gold or silver.

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Speaker 1: Because when you do that, you accomplished two things. You

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Speaker 1: establish safety for your customer and you also give them

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Speaker 1: the wisdom to say, Okay, here's my precious metals platform,

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Speaker 1: but what about the rest of my platform. It gives

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Speaker 1: them an opportunity to really evaluate everything and remove the

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Speaker 1: risk from their entire portfolio, not just with the precious metals,

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Speaker 1: but the other assets they hold. So for us, this

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Speaker 1: has really been about that making sure people feel comfortable,

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Speaker 1: are taking care of, not taking advantage of, and have

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Speaker 1: the information they need to make the right decisions for themselves.

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Speaker 1: So from your standpoint, you're as much an advisor as

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Speaker 1: an investor. You really want people to be able to

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Speaker 1: look at the totality of their planning for retirement and

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Speaker 1: the totality of their financial activities and then put in

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Speaker 1: context the specifics that legacy precious metals happens to engage in.

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Speaker 1: That's a great way to put it, because for us,

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Speaker 1: it's far more important for people to understand and protect themselves.

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Speaker 1: And what someone does today changes, but the knowledge they

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Speaker 1: gain will help them for as long as they live,

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Speaker 1: and that's important. And our hope is that people who

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Speaker 1: do call us and they get the information, they make

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Speaker 1: the decisions that's right for them. But also importantly is

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Speaker 1: they pass on that knowledge to others, their friends, their family.

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Speaker 1: The more we have Americans who understand investing and how

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Speaker 1: to protect themselves, the stronger America will be. And to

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Speaker 1: me that's important not to weigh flags or anything, but

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Speaker 1: that is what America is about, right, the strength of

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Speaker 1: the individual, and that's what we need to see, and

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Speaker 1: that's what we're always trying to focus on, helping each

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00:26:37,160 --> 00:26:39,480
Speaker 1: and every customer and then letting them go out and

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00:26:39,560 --> 00:26:42,679
Speaker 1: talk to others to help their friends and family. This

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00:26:42,800 --> 00:26:44,880
Speaker 1: has been very educational in the question of the middle

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00:26:44,880 --> 00:26:47,960
Speaker 1: of such a volatile period and so many different things

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Speaker 1: going on, and I think twenty twenty three could be

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00:26:50,480 --> 00:26:53,040
Speaker 1: a pretty tough year for people. Charles, I really want

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00:26:53,040 --> 00:26:55,240
Speaker 1: to thank you for joining me and helping me and

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00:26:55,280 --> 00:26:59,040
Speaker 1: our listeners make sense of the current economic environment and

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00:26:59,080 --> 00:27:01,879
Speaker 1: how we can save our own futures while dealing with

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Speaker 1: inflation at forty year highs. I am confident we're gonna

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00:27:05,240 --> 00:27:07,800
Speaker 1: want to talk to you again because this economy is

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00:27:07,800 --> 00:27:10,520
Speaker 1: going to continue to evolve, I think in some pretty

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00:27:10,560 --> 00:27:14,399
Speaker 1: painful ways, and having an opportunity to have an expert

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00:27:14,440 --> 00:27:17,679
Speaker 1: explain it, put it in context, and give people a

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00:27:17,760 --> 00:27:19,920
Speaker 1: sense of what they could do is really going to increase.

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Speaker 1: I think the sense of hopefulness so and I want

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00:27:23,000 --> 00:27:25,959
Speaker 1: to let our listeners know if they want more information,

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Speaker 1: they can call Charles and his team at Legacy Precious

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Speaker 1: Medals directly at eight six six four eight four four

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Speaker 1: O four three. You can literally chat with Charles and

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Speaker 1: his team look at the totality of your own planning

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00:27:41,520 --> 00:27:44,760
Speaker 1: and get expert advice. And they are at eight six

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Speaker 1: six four eight four four O four three, or you

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00:27:49,560 --> 00:27:54,680
Speaker 1: can visit them online at by Legacygold dot com slash newt.

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00:27:54,760 --> 00:27:59,440
Speaker 1: That's by Legacygold dot com slash newt to find out

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00:27:59,520 --> 00:28:02,600
Speaker 1: more and also to get a free investment guide. And

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00:28:02,680 --> 00:28:06,080
Speaker 1: thank you Charles for helping us better understand the economy.

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Speaker 1: My pleasure is always thank you. Thank you to my guest,

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00:28:11,320 --> 00:28:14,840
Speaker 1: Charles thorn Gren. You can learn more about Legacy Precious

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00:28:14,840 --> 00:28:20,399
Speaker 1: Medals at buy Legacygold dot com slash NEWT. Newts World

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00:28:20,480 --> 00:28:24,639
Speaker 1: is produced by Gingwich three sixty and iHeartMedia. Our executive

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00:28:24,680 --> 00:28:29,000
Speaker 1: producer is Gornsey Sloan, our producer is Rebecca Howell, and

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00:28:29,080 --> 00:28:33,080
Speaker 1: our researcher is Rachel Peterson. The artwork for the show

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00:28:33,600 --> 00:28:36,920
Speaker 1: was created by Steve Penley. Special thanks to the team

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00:28:36,920 --> 00:28:40,560
Speaker 1: at Gingwich three sixty. If you've been enjoying Newtsworld, I

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00:28:40,600 --> 00:28:43,600
Speaker 1: hope you'll go to Apple Podcast and both rate us

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00:28:43,600 --> 00:28:47,160
Speaker 1: with five stars and give us a review. So others

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00:28:47,200 --> 00:28:50,640
Speaker 1: can learn what it's all about. Right now, Listeners of

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00:28:50,680 --> 00:28:54,000
Speaker 1: newts World can sign up from my three free weekly

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00:28:54,080 --> 00:28:59,320
Speaker 1: columns at Gingwich three sixty dot com slash newsletter. I'm

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00:28:59,360 --> 00:29:03,440
Speaker 1: new Gingwidge. This is newt World. This episode of newt

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00:29:03,440 --> 00:29:06,880
Speaker 1: World was brought to you by Legacy Precious Metals