Matt Crouch hosts Kevin Demeritt from Los Angeles, CA | TBN

Matt Crouch hosts Kevin Demeritt from Los Angeles, CA

Watch Matt Crouch hosts Kevin Demeritt from Los Angeles, CA
November 7, 2018
28:04

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Matt Crouch hosts Kevin Demeritt from Los Angeles, CA

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  • [DYNAMIC OPENING MUSIC]
  • 00:00:05.010 --> 00:00:08.010
  • - MATT CROUCH: TODAY IS A
  • 00:00:14.040 --> 00:00:14.230
  • SUBJECT MATTER THAT, KEVIN --
  • 00:00:14.230 --> 00:00:17.040
  • LOOK, YOU'RE GONNA DO ALL THE
  • 00:00:17.040 --> 00:00:17.260
  • TALKING HERE, OKAY?
  • 00:00:17.260 --> 00:00:19.000
  • 'CAUSE I JUST LITERALLY KNOW
  • 00:00:19.000 --> 00:00:20.270
  • NOTHING ABOUT WHAT WE'RE
  • 00:00:20.270 --> 00:00:22.110
  • TALKING ABOUT TODAY.
  • 00:00:22.110 --> 00:00:25.060
  • AND SO, I WANNA WELCOME
  • 00:00:25.060 --> 00:00:26.280
  • KEVIN DEMERITT.
  • 00:00:26.280 --> 00:00:29.070
  • YOU KNOW WHY I LIKE YOU?
  • 00:00:29.070 --> 00:00:30.050
  • - KEVIN DEMERITT: WHY?
  • 00:00:30.050 --> 00:00:31.150
  • - MATT: BECAUSE YOU LIKE
  • 00:00:31.150 --> 00:00:32.060
  • MIKE HUCKABEE.
  • 00:00:32.060 --> 00:00:33.120
  • - KEVIN: (LAUGHING) I LOVE
  • 00:00:33.120 --> 00:00:34.150
  • MIKE HUCKABEE.
  • 00:00:34.150 --> 00:00:35.110
  • - MATT: OKAY, SO, MIKE
  • 00:00:37.030 --> 00:00:38.010
  • HUCKABEE HAS A GREAT TV SHOW,
  • 00:00:38.010 --> 00:00:39.200
  • RIGHT HERE ON TBN.
  • 00:00:39.200 --> 00:00:41.160
  • AND, VERY QUICKLY, YOU, KEVIN
  • 00:00:41.160 --> 00:00:43.210
  • DEMERITT -- LEAR CAPITAL -- WAS
  • 00:00:43.210 --> 00:00:46.090
  • ONE OF THE SPONSORS OF THAT
  • 00:00:46.090 --> 00:00:46.290
  • SHOW.
  • 00:00:46.290 --> 00:00:47.210
  • YOU WERE THE NUMBER-ONE GUY.
  • 00:00:47.210 --> 00:00:48.170
  • YOU KINDA STEPPED UP.
  • 00:00:48.170 --> 00:00:49.040
  • YOU'RE WITH US.
  • 00:00:49.110 --> 00:00:52.110
  • AND SO, ON BEHALF OF TRINITY
  • 00:00:52.110 --> 00:00:53.270
  • BROADCASTING, THANK YOU FOR
  • 00:00:53.270 --> 00:00:54.270
  • WHAT YOU'RE DOING TO HELP MAKE
  • 00:00:54.270 --> 00:00:56.080
  • THE "HUCKABEE" SHOW WHAT IT IS.
  • 00:00:56.080 --> 00:00:57.190
  • THANK YOU.
  • 00:00:57.190 --> 00:00:59.040
  • - KEVIN: GREAT.
  • 00:00:59.040 --> 00:00:59.290
  • - MATT: YEAH.
  • 00:00:59.290 --> 00:01:00.150
  • - KEVIN: ABSOLUTELY.
  • 00:01:00.150 --> 00:01:01.130
  • - MATT: ALL RIGHT, SO, IT'S
  • 00:01:01.130 --> 00:01:02.040
  • KIND ABOUT YOU, OKAY?
  • 00:01:02.040 --> 00:01:03.280
  • SO, LET'S START-- THE AUDIENCE
  • 00:01:03.280 --> 00:01:04.200
  • THAT WATCHES THIS PROGRAM ARE
  • 00:01:04.200 --> 00:01:06.070
  • THEY LOVE TO KNOW WHO YOU ARE.
  • 00:01:10.170 --> 00:01:13.170
  • SO, OKAY -- FIRST OF ALL, DO
  • 00:01:13.170 --> 00:01:15.170
  • YOU HAVE FAITH?
  • 00:01:15.170 --> 00:01:16.010
  • - KEVIN: YES.
  • 00:01:16.010 --> 00:01:16.180
  • - MATT: OKAY.
  • 00:01:16.180 --> 00:01:17.200
  • SO, THAT WE'RE SQUARE ONE, WE
  • 00:01:17.200 --> 00:01:19.060
  • GOT THAT.
  • 00:01:19.060 --> 00:01:19.210
  • [BOTH LAUGHING]
  • 00:01:19.210 --> 00:01:20.050
  • OKAY.
  • 00:01:20.050 --> 00:01:20.190
  • SO, TALK TO US A LITTLE BIT
  • 00:01:20.190 --> 00:01:22.060
  • ABOUT WHO YOU ARE AS A PERSON
  • 00:01:22.060 --> 00:01:24.050
  • OF FAITH AND THEN WE'RE GONNA
  • 00:01:24.050 --> 00:01:25.040
  • GET INTO SOME MATTERS THAT, UH,
  • 00:01:25.040 --> 00:01:27.160
  • ARE A BIT UNIQUE FOR US.
  • 00:01:27.160 --> 00:01:30.030
  • - KEVIN: SURE.
  • 00:01:30.030 --> 00:01:31.210
  • UM, YOU KNOW, IT REALLY
  • 00:01:31.210 --> 00:01:33.000
  • STARTED-- MY GREAT-GRANDFATHER
  • 00:01:33.000 --> 00:01:34.140
  • WAS A METHODIST PRIEST.
  • 00:01:34.140 --> 00:01:36.070
  • - KEVIN: SO, I WAS WITH
  • 00:01:38.270 --> 00:01:39.200
  • MY GRANDMOTHER THROUGH
  • 00:01:42.090 --> 00:01:45.090
  • UPBRINGING BACK EAST, IN
  • 00:01:45.090 --> 00:01:45.270
  • MICHIGAN.
  • 00:01:45.270 --> 00:01:48.230
  • AND THEN, WHEN WE MOVED TO
  • 00:01:48.230 --> 00:01:49.120
  • MONTANA.
  • 00:01:49.120 --> 00:01:50.160
  • MY MOM, MY DAD TOOK ME
  • 00:01:50.160 --> 00:01:51.200
  • - MATT: GREW UP IN CHURCH.
  • 00:01:53.020 --> 00:01:53.220
  • - KEVIN: --I WAS THE ONE OF THE
  • 00:01:53.220 --> 00:01:54.290
  • THREE WISE MEN IN THE PLAY.
  • 00:01:56.250 --> 00:01:59.250
  • [BOTH LAUGHING]
  • 00:01:59.250 --> 00:02:01.220
  • AND IT WAS A LOT OF FUN
  • 00:02:01.220 --> 00:02:02.120
  • AND I TRY TO...BRING THAT TO MY
  • 00:02:02.120 --> 00:02:03.290
  • KIDS, ALSO, WITH THE METHODIST
  • 00:02:03.290 --> 00:02:05.230
  • CHURCH UP IN MALIBU.
  • 00:02:05.230 --> 00:02:07.070
  • - MATT: GOT IT.
  • 00:02:07.070 --> 00:02:07.230
  • - KEVIN: --WE GO ON A WEEKLY
  • 00:02:07.230 --> 00:02:08.140
  • BASIS, AND, UH, YOU KNOW, IT'S
  • 00:02:08.140 --> 00:02:09.280
  • VERY ENJOYABLE.
  • 00:02:09.280 --> 00:02:11.280
  • - MATT: SO, IT'S...IT'S FAIR
  • 00:02:11.280 --> 00:02:13.040
  • TO SAY, KEVIN DEMERITT IS A MAN
  • 00:02:13.220 --> 00:02:16.220
  • OF FAITH?
  • 00:02:16.220 --> 00:02:17.260
  • - KEVIN: YES.
  • 00:02:17.260 --> 00:02:18.170
  • - MATT: OKAY.
  • 00:02:18.170 --> 00:02:19.000
  • YOU'RE SITTING ON A
  • 00:02:19.000 --> 00:02:19.240
  • FAITH CHANNEL CALLED
  • 00:02:19.240 --> 00:02:20.130
  • TRINITY BROADCASTING.
  • 00:02:20.130 --> 00:02:21.070
  • THANK YOU.
  • 00:02:21.070 --> 00:02:21.290
  • - KEVIN: THANK YOU FOR
  • 00:02:21.290 --> 00:02:22.270
  • ALLOWING ME TO BE HERE.
  • 00:02:22.270 --> 00:02:24.290
  • - MATT: YEAH.
  • 00:02:24.290 --> 00:02:26.010
  • SEE THE BIG TBN BEHIND US,
  • 00:02:26.010 --> 00:02:27.080
  • THERE, SO IT'S NOT GONNA--
  • 00:02:27.080 --> 00:02:27.270
  • YEAH. ALL RIGHT.
  • 00:02:27.270 --> 00:02:28.110
  • SO, LET'S, UH...LET'S TALK
  • 00:02:28.110 --> 00:02:30.110
  • ABOUT-- IF ANYBODY EVER WATCHES
  • 00:02:30.110 --> 00:02:32.090
  • FOX NEWS, YOU'RE VERY FAMILIAR.
  • 00:02:32.090 --> 00:02:33.260
  • OKAY?
  • 00:02:33.260 --> 00:02:36.210
  • UH, MOST OF US WOULD PROBABLY
  • 00:02:36.210 --> 00:02:37.270
  • HAVE THOUGHT YOUR NAME WAS
  • 00:02:37.270 --> 00:02:38.180
  • LEAR.
  • 00:02:38.180 --> 00:02:40.150
  • SO...UH, LIKE, YOU KNOW, I HAVE
  • 00:02:40.150 --> 00:02:42.030
  • TO ALMOST CATCH MYSELF TO NOT
  • 00:02:42.030 --> 00:02:43.110
  • LEAR CAPITAL.
  • 00:02:49.260 --> 00:02:51.280
  • AND YOU...ARE INVOLVED IN...
  • 00:02:51.280 --> 00:02:53.090
  • ADVICE CONCERNING SAVINGS AND
  • 00:02:53.160 --> 00:02:56.160
  • FUTURE PLANNING AND ALL THAT
  • 00:02:56.160 --> 00:02:58.240
  • KIND OF STUFF.
  • 00:02:58.240 --> 00:02:59.120
  • UH, MY DAD WOULD HAVE LOVED
  • 00:02:59.160 --> 00:03:02.180
  • YOU.
  • 00:03:02.180 --> 00:03:03.090
  • HE'S IN HEAVEN, TODAY...UH,
  • 00:03:03.090 --> 00:03:05.100
  • GLAD THAT WE'RE DISCUSSING
  • 00:03:05.100 --> 00:03:06.110
  • GOLD, I'M SURE.
  • 00:03:06.110 --> 00:03:07.210
  • [CHUCKLES]
  • 00:03:07.210 --> 00:03:08.210
  • AND SO, WHY DO YOU DO WHAT YOU
  • 00:03:08.210 --> 00:03:11.050
  • DO?
  • 00:03:11.050 --> 00:03:12.130
  • LET'S START THERE.
  • 00:03:12.130 --> 00:03:13.150
  • WHAT HAPPENED TO YOU EARLY ON
  • 00:03:13.150 --> 00:03:15.050
  • THAT MADE YOU GET INTO THIS
  • 00:03:15.050 --> 00:03:16.140
  • 'CAUSE YOU FOUNDED IT.
  • 00:03:21.120 --> 00:03:22.050
  • OKAY.
  • 00:03:22.050 --> 00:03:22.250
  • - KEVIN: YES.
  • 00:03:22.250 --> 00:03:23.140
  • - MATT: SO, WHAT HAPPENED TO
  • 00:03:23.140 --> 00:03:24.050
  • YOU EARLY ON AND WHY'D YOU GET
  • 00:03:24.050 --> 00:03:25.030
  • INTO THIS WHOLE SUBJECT?
  • 00:03:25.030 --> 00:03:27.080
  • - KEVIN: WELL, I STARTED OFF
  • 00:03:27.080 --> 00:03:27.290
  • IN INTERNATIONAL BANKING.
  • 00:03:27.290 --> 00:03:30.170
  • AND, THROUGH BANKING, YOU START
  • 00:03:30.170 --> 00:03:32.210
  • TO REALIZE JUST HOW ARTIFICIAL
  • 00:03:32.210 --> 00:03:33.150
  • THE WORLD'S MONEY SUPPLY REALLY
  • 00:03:33.150 --> 00:03:35.040
  • IS.
  • 00:03:35.040 --> 00:03:37.140
  • AND SO, UH, THAT GOT ME INTO
  • 00:03:37.140 --> 00:03:38.260
  • REAL HONEST MONEY WITH PRECIOUS
  • 00:03:38.260 --> 00:03:41.200
  • AND, UH, SO, IT'S BEEN NICHE
  • 00:03:45.170 --> 00:03:47.210
  • FOR ME, AND, UH, I KNOW A LOT
  • 00:03:47.210 --> 00:03:49.040
  • OF PEOPLE, WHEN THEY HEAR ABOUT
  • 00:03:49.040 --> 00:03:50.000
  • GOLD, THINK IT'S PESSIMIST--
  • 00:03:50.000 --> 00:03:52.130
  • YOU KNOW, IT'S A NEGATIVE TYPE
  • 00:03:52.130 --> 00:03:54.020
  • IT'S SOMETHING: "JEEZ, REALLY,
  • 00:03:55.260 --> 00:03:57.030
  • DO I NEED THIS?"
  • 00:03:57.030 --> 00:03:58.240
  • SOMETHING HORRIBLE'S GONNA
  • 00:03:58.240 --> 00:03:59.260
  • HAPPEN.
  • 00:03:59.260 --> 00:04:00.100
  • BUT IT CAN TURN OUT TO BE A
  • 00:04:00.100 --> 00:04:01.160
  • VERY POSITIVE INVESTMENT FOR A
  • 00:04:01.160 --> 00:04:02.080
  • LOT OF PEOPLE.
  • 00:04:02.080 --> 00:04:02.250
  • - MATT: OKAY.
  • 00:04:02.250 --> 00:04:05.220
  • YOU'RE KIND OF QUOTING ME FROM
  • 00:04:05.220 --> 00:04:07.030
  • BACK BEFORE WE WERE TALKING--
  • 00:04:07.030 --> 00:04:08.100
  • - KEVIN: YEP.
  • 00:04:08.100 --> 00:04:09.110
  • - MATT: --THAT: ISN'T GOLD A
  • 00:04:09.110 --> 00:04:10.130
  • PESSIMISTIC BUY?
  • 00:04:10.130 --> 00:04:12.160
  • DON'T YOU THINK SOMETHING'S
  • 00:04:13.060 --> 00:04:16.060
  • GOTTA HAPPEN BAD FOR GOLD TO
  • 00:04:16.060 --> 00:04:16.270
  • MAKE SENSE?
  • 00:04:16.270 --> 00:04:17.100
  • AND, YOU KIND OF...YOU KIND OF
  • 00:04:17.100 --> 00:04:19.160
  • HAD A COMPLETELY DIFFERENT
  • 00:04:19.160 --> 00:04:20.050
  • TWIST ON IT.
  • 00:04:20.050 --> 00:04:22.130
  • WHY DO YOU SEE IT AS A
  • 00:04:22.130 --> 00:04:23.010
  • POSITIVE THING?
  • 00:04:23.010 --> 00:04:24.160
  • - KEVIN: WELL, A FEW REASONS.
  • 00:04:24.160 --> 00:04:27.020
  • IF YOU...START WITH THE VALUE
  • 00:04:27.020 --> 00:04:28.230
  • OF GOLD IN 2002 AND LOOK AT THE
  • 00:04:28.230 --> 00:04:30.180
  • DOW JONES, THE GOLD MARKET HAS
  • 00:04:30.180 --> 00:04:32.080
  • ACTUALLY OUTPERFORMED THE DOW
  • 00:04:32.080 --> 00:04:33.290
  • JONES, EVEN THOUGH THE DOW
  • 00:04:33.290 --> 00:04:36.190
  • JONES, AT THIS PARTICULAR
  • 00:04:36.190 --> 00:04:37.080
  • POINT, IS AT RECORD HIGHS AND
  • 00:04:37.080 --> 00:04:37.290
  • THE GOLD MARKET HAS PULLED
  • 00:04:37.290 --> 00:04:38.180
  • BACK.
  • 00:04:38.180 --> 00:04:39.050
  • SAME WITH SILVER.
  • 00:04:39.050 --> 00:04:40.110
  • SO, FROM THAT PERSPECTIVE, IT'S
  • 00:04:40.110 --> 00:04:42.010
  • BEEN A GREAT INVESTMENT FOR
  • 00:04:42.010 --> 00:04:42.240
  • PEOPLE -- OBVIOUSLY DEPENDING
  • 00:04:42.240 --> 00:04:43.220
  • SECONDLY, WE HAD A LOT OF
  • 00:04:46.250 --> 00:04:49.050
  • PEOPLE IN 2008 TO 2010 CALLING
  • 00:04:49.050 --> 00:04:50.210
  • US, SAYING: "HEY, MY 401(K)
  • 00:04:50.210 --> 00:04:53.070
  • TURNED INTO A 201(K).
  • 00:04:53.110 --> 00:04:56.110
  • AND I NEED TO SELL SOME GOLD."
  • 00:04:56.140 --> 00:04:59.140
  • ALMOST THAT THEY FELT BAD ABOUT
  • 00:04:59.140 --> 00:05:00.080
  • HAVING TO SELL THE GOLD.
  • 00:05:00.080 --> 00:05:01.130
  • AND, WE SAID: IT DID ITS JOB!
  • 00:05:01.130 --> 00:05:03.120
  • THIS IS WHAT IT'S SUPPOSED
  • 00:05:03.120 --> 00:05:05.200
  • TO DO.
  • 00:05:05.200 --> 00:05:07.150
  • YOU KNOW, WHEN THERE'S PROBLEMS
  • 00:05:07.150 --> 00:05:08.270
  • WITH THE STOCK MARKET, PROBLEMS
  • 00:05:08.270 --> 00:05:09.190
  • WITH THE REAL ESTATE MARKET,
  • 00:05:09.190 --> 00:05:10.210
  • YOU HAVE THIS HEDGE, YOU HAVE
  • 00:05:10.210 --> 00:05:11.200
  • THIS INSURANCE POLICY.
  • 00:05:11.200 --> 00:05:14.160
  • SO, TO ME, IT'S AN INSURANCE
  • 00:05:14.160 --> 00:05:16.080
  • POLICY, UM, WHEN THOSE THINGS
  • 00:05:16.080 --> 00:05:17.150
  • HAPPEN, BUT IT'S ALSO BEEN A
  • 00:05:17.150 --> 00:05:18.060
  • GREAT PERFORMING ASSET SINCE
  • 00:05:18.060 --> 00:05:19.200
  • - MATT: WHAT DOES THE BIBLE
  • 00:05:21.240 --> 00:05:22.140
  • SAY ABOUT GOLD?
  • 00:05:22.140 --> 00:05:23.210
  • - KEVIN: UH...YOU KNOW, IT--
  • 00:05:23.210 --> 00:05:25.170
  • IT'S HONEST MONEY.
  • 00:05:25.170 --> 00:05:27.190
  • YOU KNOW, WE LOOK AT THE BOOK
  • 00:05:27.190 --> 00:05:30.040
  • OF GENESIS.
  • 00:05:30.040 --> 00:05:32.060
  • ABRAHAM WAS SAID TO BE RICH
  • 00:05:32.060 --> 00:05:33.180
  • WITH LIVESTOCK, AND GOLD, AND
  • 00:05:33.180 --> 00:05:34.090
  • SILVER.
  • 00:05:34.090 --> 00:05:34.290
  • LIVESTOCK'S A LITTLE BIT
  • 00:05:35.080 --> 00:05:38.080
  • DIFFICULT TO PUT IN YOUR
  • 00:05:38.080 --> 00:05:38.270
  • BACKYARD.
  • 00:05:38.270 --> 00:05:40.040
  • [MATT LAUGHS]
  • 00:05:40.040 --> 00:05:40.210
  • IT MIGHT MAKE A GREAT
  • 00:05:40.210 --> 00:05:41.190
  • LAWNMOWER.
  • 00:05:41.190 --> 00:05:42.190
  • [MATT CLAPS]
  • 00:05:42.190 --> 00:05:43.200
  • BUT, UH...GOLD IS A LITTLE BIT
  • 00:05:43.200 --> 00:05:44.140
  • EASIER TO PURCHASE, TO STORE,
  • 00:05:44.140 --> 00:05:45.260
  • AND SELL.
  • 00:05:45.260 --> 00:05:47.120
  • - MATT: YOU WERE TELLING ME
  • 00:05:47.120 --> 00:05:50.040
  • EARLIER THAT GOLD WAS A CERTAIN
  • 00:05:50.040 --> 00:05:51.160
  • AMOUNT OF WAGE,
  • 00:05:51.160 --> 00:05:53.010
  • OR A CERTAIN AMOUNT OF VALUE,
  • 00:05:53.010 --> 00:05:54.140
  • IN BIBLICAL DAYS AND IT
  • 00:05:54.140 --> 00:05:57.010
  • HAS REMAINED.
  • 00:05:58.190 --> 00:06:01.210
  • WHAT WAS THAT STATISTIC?
  • 00:06:01.210 --> 00:06:02.220
  • - KEVIN: THAT'S RIGHT.
  • 00:06:02.220 --> 00:06:03.100
  • IN BIBLICAL TIMES, ONE TALENT
  • 00:06:03.100 --> 00:06:04.250
  • OF GOLD, WHICH HAPPENS TO BE 75
  • 00:06:04.250 --> 00:06:06.110
  • POUNDS OF GOLD, WAS WORTH 6.000
  • 00:06:06.110 --> 00:06:08.020
  • DENARII.
  • 00:06:08.020 --> 00:06:09.100
  • EACH DENARII WAS WORTH ONE
  • 00:06:09.100 --> 00:06:10.210
  • DAY'S WAGES BACK THEN.
  • 00:06:10.210 --> 00:06:12.260
  • IF YOU TAKE THE VALUE OF ONE
  • 00:06:12.260 --> 00:06:14.140
  • TALENT OF GOLD TODAY -- 75
  • 00:06:14.140 --> 00:06:16.070
  • POUNDS -- AND DIVIDE IT BY THE
  • 00:06:16.070 --> 00:06:17.050
  • AVERAGE AMERICAN WORKER'S
  • 00:06:17.050 --> 00:06:18.080
  • SALARY, IT TURNS OUT TO BE
  • 00:06:18.080 --> 00:06:20.120
  • ALMOST EXACTLY 6.000 DAYS.
  • 00:06:20.120 --> 00:06:22.260
  • - MATT: HNPH!
  • 00:06:22.260 --> 00:06:23.250
  • - KEVIN: THAT'S AN INCREDIBLE
  • 00:06:23.250 --> 00:06:24.160
  • TRACK RECORD -- 5.000-YEAR
  • 00:06:24.160 --> 00:06:27.070
  • TRACK RECORD OF HOLDING VALUE
  • 00:06:27.070 --> 00:06:29.190
  • AND PRESERVING WEALTH FOR
  • 00:06:29.190 --> 00:06:30.080
  • PEOPLE.
  • 00:06:30.080 --> 00:06:32.080
  • SO, IS IT A PESSIMISTIC
  • 00:06:32.080 --> 00:06:32.260
  • INVESTMENT.
  • 00:06:32.260 --> 00:06:34.200
  • FROM THAT PERSPECTIVE?
  • 00:06:34.200 --> 00:06:35.140
  • - MATT: WE'RE SITTING HERE,
  • 00:06:37.180 --> 00:06:39.010
  • TODAY, WITH KEVIN DEMERITT.
  • 00:06:39.010 --> 00:06:40.130
  • AND KEVIN IS THE
  • 00:06:40.130 --> 00:06:41.290
  • PRESIDENT/FOUNDER OF
  • 00:06:41.290 --> 00:06:42.270
  • LEAR CAPITAL.
  • 00:06:42.270 --> 00:06:44.130
  • IF YOU, LIKE ME, RECOGNIZE HIS
  • 00:06:44.130 --> 00:06:46.220
  • FACE, YOU GO: "HEY, ISN'T THAT
  • 00:06:46.220 --> 00:06:48.110
  • THAT GUY?
  • 00:06:48.110 --> 00:06:49.190
  • HE'S, LIKE, ON FOX NEWS A LOT,
  • 00:06:49.190 --> 00:06:50.100
  • AND HE DOES..."
  • 00:06:50.100 --> 00:06:52.080
  • YOU KNOW.
  • 00:06:52.080 --> 00:06:52.220
  • THAT'S HIM.
  • 00:06:52.220 --> 00:06:53.060
  • IF WE'RE INTRODUCING HIM TO
  • 00:06:53.060 --> 00:06:54.040
  • YOU, UH, WE'VE PREPARED A BIT
  • 00:06:54.040 --> 00:06:56.040
  • OF A VIDEO THAT'LL GET YOU TO
  • 00:06:56.040 --> 00:06:57.210
  • KNOW HIM JUST A LITTLE BIT
  • 00:06:57.210 --> 00:07:00.100
  • WATCH THIS.
  • 00:07:02.070 --> 00:07:03.060
  • - FEMALE ANNOUNCER: BORN AND
  • 00:07:04.190 --> 00:07:05.100
  • RAISED IN MICHIGAN IN A
  • 00:07:05.100 --> 00:07:05.280
  • FAITH-BASED HOUSEHOLD,
  • 00:07:05.280 --> 00:07:06.150
  • MR. DEMERITT BECAME A HARD-ASSET
  • 00:07:06.150 --> 00:07:07.110
  • EXPERT OF AMERICA WHO
  • 00:07:07.110 --> 00:07:10.030
  • INFLUENCES PEOPLE THROUGH MEDIA
  • 00:07:10.030 --> 00:07:10.250
  • EVERY WEEK.
  • 00:07:10.250 --> 00:07:12.140
  • HE IS A GUEST OF THE NATION'S
  • 00:07:12.140 --> 00:07:13.090
  • TOP TALK SHOWS, INCLUDING RUSH
  • 00:07:13.090 --> 00:07:15.140
  • LIMBAUGH, GEORGE NOORY'S "COAST
  • 00:07:15.140 --> 00:07:17.080
  • TO COAST AM," AND THE
  • 00:07:17.080 --> 00:07:18.230
  • "HUCKABEE" SHOW.
  • 00:07:18.230 --> 00:07:19.220
  • - MIKE HUCKABEE: FOR 25 YEARS,
  • 00:07:19.220 --> 00:07:20.160
  • KEVIN HAS BEEN HELPING PEOPLE
  • 00:07:20.160 --> 00:07:21.120
  • PROTECT THEIR WEALTH BY
  • 00:07:21.120 --> 00:07:22.070
  • DIVERSIFYING INTO PRECIOUS
  • 00:07:22.070 --> 00:07:22.260
  • METALS.
  • 00:07:22.260 --> 00:07:24.130
  • HE SAYS THEY'RE ONE OF THE FEW
  • 00:07:24.130 --> 00:07:25.150
  • ASSETS THAT CAN NEVER BE WORTH
  • 00:07:25.150 --> 00:07:26.220
  • ZERO.
  • 00:07:26.220 --> 00:07:28.210
  • PLEASE WELCOME MY NEXT GUEST,
  • 00:07:28.210 --> 00:07:29.120
  • - FEMALE ANNOUNCER: STARTING
  • 00:07:32.120 --> 00:07:33.250
  • IN 1987 AS A SUCCESSFUL
  • 00:07:33.250 --> 00:07:34.130
  • INTERNATIONAL BANKER, HE
  • 00:07:34.130 --> 00:07:35.290
  • DISCOVERED THE WORLD'S MONEY
  • 00:07:35.290 --> 00:07:37.050
  • SUPPLY IS ARTIFICIAL AND
  • 00:07:37.050 --> 00:07:37.250
  • MANIPULATED.
  • 00:07:37.250 --> 00:07:39.240
  • BECAUSE OF THAT, KEVIN'S
  • 00:07:39.240 --> 00:07:40.210
  • SPECIALTY BECAME IN REAL,
  • 00:07:40.210 --> 00:07:42.240
  • HONEST MONEY WITH PRECIOUS
  • 00:07:42.240 --> 00:07:44.030
  • METALS, THE SO-CALLED HARD
  • 00:07:44.030 --> 00:07:45.120
  • ASSETS -- INVESTMENTS YOU CAN
  • 00:07:45.120 --> 00:07:47.120
  • HOLD ONTO, UNLIKE THE COMMON
  • 00:07:47.120 --> 00:07:48.180
  • PAPER CONCEPTS OF STOCKS,
  • 00:07:48.180 --> 00:07:50.290
  • BONDS, OR FUNDS.
  • 00:07:50.290 --> 00:07:52.030
  • MR. DEMERITT IS THE CEO OF
  • 00:07:52.030 --> 00:07:53.140
  • LEAR CAPITAL, ONE OF THE
  • 00:07:53.140 --> 00:07:55.040
  • NATION'S TOP PRECIOUS-METAL
  • 00:07:55.040 --> 00:07:56.240
  • INVESTMENT COMPANIES, FORGING
  • 00:07:56.240 --> 00:07:58.170
  • THE WAY FOR RETIREES AND YOUNG
  • 00:07:58.170 --> 00:08:00.070
  • INVESTORS TO DISCOVER FINANCIAL
  • 00:08:00.070 --> 00:08:01.240
  • STABILITY AND THE PURPOSE OF
  • 00:08:01.240 --> 00:08:02.200
  • KEVIN DEMERITT: THE EXPERT OF
  • 00:08:06.060 --> 00:08:07.060
  • - MATT: LET'S TALK ABOUT GOLD,
  • 00:08:13.080 --> 00:08:16.030
  • SILVER, PRECIOUS METALS
  • 00:08:16.030 --> 00:08:16.250
  • FROM A STRATEGIC LEVEL.
  • 00:08:22.150 --> 00:08:25.150
  • IF YOU'RE GIVING ADVICE TO ME
  • 00:08:25.150 --> 00:08:26.060
  • OR OUR VIEWERS,
  • 00:08:26.060 --> 00:08:27.230
  • WHAT'S YOUR ADVICE CONCERNING
  • 00:08:27.230 --> 00:08:28.140
  • GOLD?
  • 00:08:28.190 --> 00:08:31.190
  • - KEVIN: DIVERSIFICATION.
  • 00:08:31.190 --> 00:08:32.190
  • - MATT: OKAY.
  • 00:08:32.190 --> 00:08:35.130
  • - KEVIN: MAKE INVESTING
  • 00:08:35.130 --> 00:08:36.230
  • BORING.
  • 00:08:36.230 --> 00:08:37.050
  • LOOK FOR INVESTMENTS THAT
  • 00:08:38.260 --> 00:08:39.150
  • OFFSET OTHER TYPES OF
  • 00:08:39.150 --> 00:08:40.120
  • INVESTMENTS.
  • 00:08:40.120 --> 00:08:42.080
  • SO, IF THE STOCK MARKET IS
  • 00:08:42.080 --> 00:08:43.140
  • HIGH, PRECIOUS METALS ARE
  • 00:08:43.140 --> 00:08:44.230
  • TYPICALLY LOW.
  • 00:08:44.230 --> 00:08:46.030
  • THAT USUALLY CHANGES EVERY
  • 00:08:46.030 --> 00:08:47.030
  • SO, DIVERSIFICATION IS
  • 00:08:50.060 --> 00:08:51.000
  • EXTREMELY IMPORTANT.
  • 00:08:51.000 --> 00:08:52.020
  • IN THE BOOK OF ECCLESIASTES, IT
  • 00:08:52.020 --> 00:08:53.190
  • SAYS "DIVIDE YOUR PORTIONS
  • 00:08:53.190 --> 00:08:55.090
  • SEVEN WAYS OR EVEN EIGHT,
  • 00:08:55.090 --> 00:08:56.230
  • BECAUSE YOU DO NOT
  • 00:08:56.230 --> 00:08:57.280
  • KNOW WHAT DISASTER MAY BEFALL
  • 00:08:57.280 --> 00:08:58.190
  • THE LAND."
  • 00:08:58.190 --> 00:08:59.260
  • IT'S THE SAME WITH INVESTING.
  • 00:08:59.260 --> 00:09:01.150
  • YOU HAVE TO DIVERSIFY SO THAT
  • 00:09:01.150 --> 00:09:02.250
  • IT DOESN'T GET TOO EXCITING
  • 00:09:02.250 --> 00:09:04.280
  • THAT ALL OF YOUR MONEY'S IN THE
  • 00:09:04.280 --> 00:09:06.140
  • INTERNET STOCKS OR REAL ESTATE
  • 00:09:06.140 --> 00:09:07.280
  • MARKET, AND IT GOES UP, AND YOU
  • 00:09:07.280 --> 00:09:10.100
  • HAVE NOTHING TO OFFSET IT WITH
  • 00:09:10.100 --> 00:09:11.270
  • -- THE SAME THING I WAS TALKING
  • 00:09:11.270 --> 00:09:13.120
  • ABOUT WITH A 410(K) TURNING
  • 00:09:13.120 --> 00:09:15.010
  • INTO A 201(K).
  • 00:09:15.010 --> 00:09:17.030
  • YOU HAVE TO HAVE SOMETHING TO
  • 00:09:17.030 --> 00:09:17.240
  • BE ABLE TO SELL WHEN THOSE
  • 00:09:17.240 --> 00:09:18.210
  • TIMES COME AND WAIT FOR THAT
  • 00:09:18.210 --> 00:09:19.290
  • OTHER INVESTMENT TO COME BACK.
  • 00:09:19.290 --> 00:09:22.010
  • SO, IT'S NOT ABOUT OWNING OR
  • 00:09:22.010 --> 00:09:23.010
  • PUTTING ALL OF YOUR EGGS IN ONE
  • 00:09:23.010 --> 00:09:24.250
  • BASKET; IT'S A DIVERSIFICATION
  • 00:09:24.250 --> 00:09:26.090
  • STRATEGY THAT ALLOWS YOUR
  • 00:09:26.090 --> 00:09:29.060
  • PORTFOLIO TO GROW OVER TIME AND
  • 00:09:29.060 --> 00:09:31.070
  • ALLOWS YOU THE ABILITY TO MAKE
  • 00:09:31.070 --> 00:09:32.290
  • SURE THAT YOU CAN WAIT FOR THE
  • 00:09:32.290 --> 00:09:34.200
  • OTHER INVESTMENT THAT FELL OFF
  • 00:09:34.200 --> 00:09:36.010
  • TO COME BACK.
  • 00:09:36.010 --> 00:09:37.130
  • - MATT: ALL RIGHT.
  • 00:09:37.160 --> 00:09:40.160
  • IS IT FAIR TO SAY THAT THERE'S
  • 00:09:40.160 --> 00:09:42.120
  • RHYTHMS OR SEASONS TO REAL
  • 00:09:42.200 --> 00:09:45.200
  • ESTATE MARKETS, TO GOLD VALUES,
  • 00:09:46.080 --> 00:09:49.080
  • TO STOCK MARKET VALUES?
  • 00:09:49.080 --> 00:09:50.290
  • AND THERE ARE RHYTHMS.
  • 00:09:50.290 --> 00:09:53.060
  • I MEAN, IF YOU ZOOM OUT OVER AN
  • 00:09:53.210 --> 00:09:56.210
  • EXTENDED PERIOD OF TIME -- I
  • 00:09:56.210 --> 00:09:58.060
  • DON'T KNOW WHAT PERIOD OF TIME
  • 00:09:58.060 --> 00:09:59.120
  • TO EVEN TALK ABOUT -- BUT, UM,
  • 00:09:59.120 --> 00:10:00.080
  • IS THERE A RHYTHM TO THE VALUE
  • 00:10:02.000 --> 00:10:05.000
  • OR IS IT TILTED, YOU KNOW, KIND
  • 00:10:09.270 --> 00:10:11.090
  • OF HIGHER VALUE?
  • 00:10:11.090 --> 00:10:11.250
  • WHAT HAPPENS OVER,
  • 00:10:11.250 --> 00:10:14.070
  • REALLY, A LONG PERIOD OF TIME?
  • 00:10:14.070 --> 00:10:14.280
  • - KEVIN: THAT'S A GREAT
  • 00:10:14.280 --> 00:10:16.020
  • QUESTION.
  • 00:10:16.020 --> 00:10:17.060
  • UM, USUALLY, THESE RHYTHMS HAVE
  • 00:10:17.060 --> 00:10:19.090
  • TO DO WITH INTEREST RATES.
  • 00:10:19.090 --> 00:10:19.280
  • - MATT: OKAY.
  • 00:10:19.280 --> 00:10:20.130
  • - KEVIN: SO, IF WE LOOK AT
  • 00:10:20.130 --> 00:10:21.150
  • INTEREST RATES, OTHER THAN
  • 00:10:21.150 --> 00:10:22.170
  • THE...PERIOD WE'RE IN RIGHT
  • 00:10:22.170 --> 00:10:24.090
  • NOW, USUALLY IT'S ABOUT A
  • 00:10:24.090 --> 00:10:25.120
  • 20-YEAR UP CYCLE AND A 20-YEAR
  • 00:10:25.120 --> 00:10:27.250
  • DOWN CYCLE.
  • 00:10:27.250 --> 00:10:30.010
  • MOST PEOPLE WOULD BELIEVE THAT
  • 00:10:30.010 --> 00:10:30.230
  • THE PRECIOUS-METALS MARKET
  • 00:10:30.230 --> 00:10:32.060
  • WOULD DO WELL IN A DOWN CYCLE.
  • 00:10:32.060 --> 00:10:33.030
  • - KEVIN: GOLD HIT ITS PEAK
  • 00:10:36.050 --> 00:10:37.070
  • WHEN INTEREST RATES HIT THEIR
  • 00:10:37.070 --> 00:10:38.140
  • PEAK AT 15 PERCENT.
  • 00:10:38.140 --> 00:10:39.160
  • IT WAS TRADING AT $850 AN
  • 00:10:39.160 --> 00:10:40.140
  • OUNCE.
  • 00:10:40.140 --> 00:10:41.130
  • SO, THE GOVERNMENT HAS HELD
  • 00:10:41.130 --> 00:10:43.010
  • DOWN THESE INTEREST RATES
  • 00:10:43.010 --> 00:10:44.120
  • EXTREMELY LOW, PRINTING THE
  • 00:10:44.120 --> 00:10:45.180
  • MONEY AND DRIVING INTEREST
  • 00:10:45.180 --> 00:10:47.180
  • RATES DOWN BUYING BONDS.
  • 00:10:47.180 --> 00:10:49.180
  • AND NOW, THOSE INTEREST RATES
  • 00:10:49.180 --> 00:10:50.260
  • LOOK LIKE THEY'RE GOING TO
  • 00:10:50.260 --> 00:10:52.090
  • START GOING BACK UP.
  • 00:10:52.090 --> 00:10:52.290
  • SO, TODAY SHOULD BE A-- WELL,
  • 00:10:52.290 --> 00:10:54.260
  • SOON SHOULD BE A GOOD TIME TO
  • 00:10:54.260 --> 00:10:56.220
  • START LOOKING AT INVESTMENTS
  • 00:10:56.220 --> 00:10:58.250
  • THAT TAKE ADVANTAGE OF HIGHER
  • 00:10:58.250 --> 00:11:01.000
  • INTEREST RATES, PRECIOUS METALS
  • 00:11:01.000 --> 00:11:02.040
  • BEING ONE OF THEM.
  • 00:11:02.040 --> 00:11:04.110
  • - MATT: I REMEMBER A SEASON--
  • 00:11:04.110 --> 00:11:06.180
  • I CAN'T TELL YOU EXACTLY WHEN
  • 00:11:06.180 --> 00:11:07.160
  • IT WAS, BUT I WAS A YOUNG-- I
  • 00:11:07.160 --> 00:11:09.110
  • WAS A TEENAGER.
  • 00:11:09.110 --> 00:11:11.040
  • LET'S CALL IT THAT.
  • 00:11:11.040 --> 00:11:13.190
  • UM...SILVER HIT SOME KIND OF
  • 00:11:13.190 --> 00:11:16.170
  • REALLY BIG NUMBER.
  • 00:11:17.120 --> 00:11:20.120
  • WHERE-- WHAT DO YOU THINK I'M
  • 00:11:20.120 --> 00:11:21.030
  • TALKING ABOUT, HERE?
  • 00:11:21.030 --> 00:11:21.210
  • IS THAT--
  • 00:11:21.210 --> 00:11:22.150
  • - KEVIN: 1980 -- $55 AN OUNCE.
  • 00:11:22.150 --> 00:11:23.180
  • - MATT: OKAY, 1980?
  • 00:11:23.180 --> 00:11:26.010
  • - KEVIN: RIGHT.
  • 00:11:26.010 --> 00:11:27.110
  • - MATT: ALL RIGHT.
  • 00:11:27.110 --> 00:11:28.030
  • SO, I WAS A TEENAGER.
  • 00:11:28.030 --> 00:11:28.290
  • AND, I REMEMBER MY DAD TAKING
  • 00:11:28.290 --> 00:11:30.130
  • MY MOM'S SILVER, UH,
  • 00:11:30.160 --> 00:11:33.160
  • DINNERWARE--
  • 00:11:33.160 --> 00:11:35.230
  • - KEVIN: YEP.
  • 00:11:35.230 --> 00:11:36.220
  • - MATT: --THAT I THINK HAD
  • 00:11:36.220 --> 00:11:38.060
  • COME FROM HER MOM AND DAD, I
  • 00:11:38.060 --> 00:11:38.270
  • THINK.
  • 00:11:38.270 --> 00:11:40.210
  • SO, SOMETHING THAT HAD BEEN
  • 00:11:40.210 --> 00:11:42.060
  • PASSED DOWN, AND, THEY WENT AND
  • 00:11:42.060 --> 00:11:42.280
  • SOLD IT.
  • 00:11:42.280 --> 00:11:44.010
  • I MEAN, I'M THINKING IT WAS--
  • 00:11:44.010 --> 00:11:45.110
  • IT WAS ENOUGH TO BUY A CAR IS
  • 00:11:45.110 --> 00:11:47.210
  • WHAT I KIND OF REMEMBER.
  • 00:11:47.210 --> 00:11:50.140
  • IT MAY BE IT WASN'T THE WHOLE
  • 00:11:50.260 --> 00:11:53.260
  • VALUE OF THE CAR.
  • 00:11:53.260 --> 00:11:55.180
  • BUT, I REMEMBER MY DAD, IN THAT
  • 00:11:55.180 --> 00:11:56.290
  • TIME, BUYING A CAR AND THAT WAS
  • 00:11:56.290 --> 00:11:57.210
  • SELLING SOMETHING THAT WAS
  • 00:11:57.210 --> 00:11:59.200
  • RARELY IF EVER USED, ANYWAY.
  • 00:11:59.200 --> 00:12:02.220
  • [LAUGHING]
  • 00:12:02.220 --> 00:12:03.100
  • - KEVIN: RIGHT.
  • 00:12:03.100 --> 00:12:03.270
  • - MATT: AND SO, I CAN'T
  • 00:12:03.270 --> 00:12:05.120
  • REMEMBER WHAT MY MOM THOUGHT
  • 00:12:05.120 --> 00:12:07.000
  • ABOUT THAT.
  • 00:12:07.000 --> 00:12:08.000
  • BUT, I REMEMBER MY DAD, YOU
  • 00:12:08.000 --> 00:12:08.200
  • KNOW, AND THERE WAS SOME KIND
  • 00:12:08.200 --> 00:12:09.110
  • OF, LIKE, A PITCHER OR
  • 00:12:09.110 --> 00:12:10.040
  • SOMETHING -- YOU KNOW, SOME
  • 00:12:10.040 --> 00:12:11.070
  • KIND OF A BIGGER THING.
  • 00:12:11.070 --> 00:12:12.150
  • SO, THAT WOULD HAVE BEEN A
  • 00:12:13.170 --> 00:12:16.170
  • UNIQUE PERIOD IN TIME.
  • 00:12:16.170 --> 00:12:18.150
  • WHAT DO YOU THINK CAUSED THAT
  • 00:12:18.150 --> 00:12:19.060
  • SPIKE?
  • 00:12:19.060 --> 00:12:21.040
  • - KEVIN: INFLATION AND HIGHER
  • 00:12:21.040 --> 00:12:22.080
  • INTEREST RATES, WHICH INFLATION
  • 00:12:22.080 --> 00:12:23.160
  • IS GOING TO CAUSE HIGHER
  • 00:12:23.160 --> 00:12:24.050
  • INTEREST RATES.
  • 00:12:24.050 --> 00:12:26.210
  • AND, AGAIN, THAT'S...PROBABLY
  • 00:12:26.210 --> 00:12:28.120
  • WHERE WE'RE GOING, AGAIN.
  • 00:12:28.120 --> 00:12:29.270
  • NOW, THEY PRINTED A LOT OF
  • 00:12:29.270 --> 00:12:32.120
  • MONEY IN THE '60s AND '70s,
  • 00:12:32.120 --> 00:12:33.090
  • MOSTLY IN THE '60s.
  • 00:12:33.090 --> 00:12:35.170
  • AND INFLATION KIND OF STARTED
  • 00:12:35.170 --> 00:12:37.090
  • UP IN THE-- IN 1974 AND THEN
  • 00:12:37.090 --> 00:12:39.010
  • REALLY REARED ITS HEAD BY 1980.
  • 00:12:39.010 --> 00:12:42.000
  • AND SO, THEY KEPT RAISING
  • 00:12:42.000 --> 00:12:43.090
  • INTEREST RATES TO TRY TO COMBAT
  • 00:12:43.090 --> 00:12:44.170
  • IT.
  • 00:12:44.170 --> 00:12:45.060
  • HIGHER INTEREST RATES AND
  • 00:12:45.060 --> 00:12:46.090
  • HIGHER INFLATION ARE GOING TO
  • 00:12:46.090 --> 00:12:47.170
  • DRIVE THE PRECIOUS-METALS
  • 00:12:47.170 --> 00:12:48.100
  • MARKET.
  • 00:12:48.100 --> 00:12:49.030
  • - MATT: AND HIGHER INTEREST
  • 00:12:49.030 --> 00:12:50.290
  • RATES AND HIGHER INFLATION --
  • 00:12:51.100 --> 00:12:54.100
  • ONE'S GOOD, ONE'S BAD, RIGHT?
  • 00:12:54.100 --> 00:12:55.030
  • I MEAN, AT SOME POINT?
  • 00:12:55.030 --> 00:12:56.100
  • I MEAN, HOW DO YOU VIEW THAT?
  • 00:12:56.100 --> 00:12:58.040
  • - KEVIN: INFLATION IS HORRIBLE
  • 00:12:58.040 --> 00:13:00.160
  • FOR RETIRED PEOPLE.
  • 00:13:00.160 --> 00:13:02.180
  • YOUR MONEY IS GETTING EATEN
  • 00:13:02.180 --> 00:13:04.130
  • AWAY BY THIS TAX OF
  • 00:13:04.130 --> 00:13:04.290
  • INFLATION.
  • 00:13:04.290 --> 00:13:06.270
  • SO, FOR RETIRED PEOPLE,
  • 00:13:06.270 --> 00:13:08.160
  • IT'S ABSOLUTELY HORRIBLE.
  • 00:13:08.160 --> 00:13:10.010
  • IT'S GOOD FOR GOVERNMENTS.
  • 00:13:10.010 --> 00:13:12.180
  • THE GOVERNMENT CAN PAY BACK
  • 00:13:12.180 --> 00:13:14.060
  • DEBT WITH LESSER VALUE CURRENCY
  • 00:13:14.060 --> 00:13:15.150
  • IN THE FUTURE.
  • 00:13:15.290 --> 00:13:18.290
  • SO, BAD FOR RETIRED PEOPLE;
  • 00:13:18.290 --> 00:13:19.240
  • GOOD FOR THE GOVERNMENT.
  • 00:13:19.240 --> 00:13:22.060
  • UM, ARE HIGHER INTEREST RATES A
  • 00:13:22.060 --> 00:13:23.180
  • POSITIVE OR A NEGATIVE?
  • 00:13:23.180 --> 00:13:25.100
  • THEY'RE GREAT FOR SAVERS,
  • 00:13:25.100 --> 00:13:26.130
  • BECAUSE A SAVER IS NOW GETTING
  • 00:13:26.130 --> 00:13:27.110
  • 15 PERCENT ON THEIR MONEY.
  • 00:13:27.110 --> 00:13:28.050
  • YOU COULDA WENT TO THE BANK IN
  • 00:13:28.050 --> 00:13:30.020
  • 1980 AND GOTTEN A CD AT 14- OR
  • 00:13:30.020 --> 00:13:31.100
  • 15 PERCENT.
  • 00:13:31.100 --> 00:13:33.060
  • SO, FROM THAT ASPECT?
  • 00:13:33.060 --> 00:13:34.040
  • GOOD.
  • 00:13:34.040 --> 00:13:35.030
  • THE INFLATION RATE WAS HIGH.
  • 00:13:35.030 --> 00:13:36.150
  • SO, IF YOU DIDN'T PUT YOUR
  • 00:13:36.150 --> 00:13:37.060
  • MONEY OR DIDN'T HAVE MUCH
  • 00:13:37.060 --> 00:13:38.070
  • MONEY, AND LIVING ON SOCIAL
  • 00:13:38.070 --> 00:13:41.040
  • SECURITY, IT WAS HORRIBLE.
  • 00:13:41.040 --> 00:13:42.010
  • IF SOMEBODY IS SAYING,
  • 00:13:46.240 --> 00:13:48.270
  • "HEY, GUYS, WHAT YOU'RE
  • 00:13:48.270 --> 00:13:50.270
  • TALKING ABOUT, YOU KNOW...I'M
  • 00:13:50.270 --> 00:13:53.010
  • NOT THERE; I BASICALLY GO FROM
  • 00:13:53.010 --> 00:13:55.250
  • PAYCHECK TO PAYCHECK," YOU
  • 00:13:55.250 --> 00:13:56.220
  • KNOW, WHAT SHOULD SOMEBODY AT
  • 00:13:56.220 --> 00:13:58.080
  • LEAST BE THINKING ABOUT IF THEY
  • 00:13:58.080 --> 00:14:01.000
  • THINK: THIS CONVERSATION IS A
  • 00:14:03.090 --> 00:14:06.090
  • COMPLETE WASTE OF TIME FOR ME
  • 00:14:06.090 --> 00:14:07.250
  • BECAUSE I'VE NEVER HAD ANY
  • 00:14:07.250 --> 00:14:09.230
  • MY PARENTS, MY GRANDPARENTS --
  • 00:14:12.250 --> 00:14:13.200
  • WE LIVE FROM PAYCHECK TO
  • 00:14:13.200 --> 00:14:14.200
  • PAYCHECK.
  • 00:14:14.200 --> 00:14:15.260
  • WHAT-- ENCOURAGE US OR
  • 00:14:16.160 --> 00:14:19.160
  • ENCOURAGE SOMEONE THAT MIGHT
  • 00:14:19.160 --> 00:14:21.050
  • NOT THINK THEY COULD EVER GET
  • 00:14:21.050 --> 00:14:21.260
  • THERE.
  • 00:14:21.260 --> 00:14:22.080
  • HOW CAN THEY START?
  • 00:14:22.080 --> 00:14:23.090
  • - KEVIN: YEAH.
  • 00:14:23.090 --> 00:14:24.090
  • YOU KNOW, THEY HAVE AN APP OUT
  • 00:14:27.050 --> 00:14:28.040
  • -- ROBIN HOOD, FREE TRADING
  • 00:14:28.040 --> 00:14:29.060
  • WITH STOCKS AND YOU CAN BUY
  • 00:14:29.060 --> 00:14:30.180
  • VERY LOW AMOUNTS THERE WITHOUT
  • 00:14:30.180 --> 00:14:33.010
  • ANY COMMISSION AT ALL.
  • 00:14:33.010 --> 00:14:34.160
  • YOU CAN PREACH PRECIOUS METALS
  • 00:14:34.160 --> 00:14:35.170
  • FOR AS LOW AS AN OUNCE OF
  • 00:14:35.170 --> 00:14:36.280
  • SILVER, WHICH, TODAY, TRADES AT
  • 00:14:36.280 --> 00:14:38.120
  • SO, THERE ARE WAYS TO TRY TO
  • 00:14:41.260 --> 00:14:43.010
  • GET INVESTING INTO YOUR LIFE.
  • 00:14:43.010 --> 00:14:45.120
  • I THINK THE HARDEST PART FOR
  • 00:14:45.120 --> 00:14:46.230
  • PEOPLE IS THEY THINK THEY'RE
  • 00:14:46.230 --> 00:14:48.050
  • LIVING PAYCHECK TO PAYCHECK,
  • 00:14:48.050 --> 00:14:49.190
  • BUT IF THEY REALLY THINK ABOUT
  • 00:14:49.190 --> 00:14:50.250
  • IT, THEY CAN PUT $15, $20 AWAY
  • 00:14:50.250 --> 00:14:53.050
  • EVERY MONTH, AND, IN 10 YEARS,
  • 00:14:53.050 --> 00:14:55.140
  • IT MAKES A DIFFERENCE.
  • 00:14:55.140 --> 00:14:57.210
  • IN 15 YEARS, IT MAKES A BIG
  • 00:14:57.210 --> 00:14:58.250
  • DIFFERENCE.
  • 00:14:58.250 --> 00:14:59.150
  • - MATT: WHEN DO YOU SEE...THE
  • 00:14:59.150 --> 00:15:02.090
  • PRICE OF METALS CLIMBING -- AND
  • 00:15:03.080 --> 00:15:06.080
  • WHY?
  • 00:15:07.120 --> 00:15:10.120
  • - KEVIN: I SEE THE PRICE OF
  • 00:15:10.120 --> 00:15:12.130
  • METALS CLIMBING WITHIN THE NEXT
  • 00:15:12.130 --> 00:15:13.100
  • TWO TO THREE YEARS, OR OVER THE
  • 00:15:13.100 --> 00:15:14.290
  • NEXT TWO TO THREE YEARS, UM,
  • 00:15:14.290 --> 00:15:16.030
  • BECAUSE OF THE INCREDIBLE
  • 00:15:16.030 --> 00:15:17.260
  • AMOUNT OF DEBT THAT WE HAVE IN
  • 00:15:17.260 --> 00:15:19.160
  • THE UNITED STATES.
  • 00:15:19.160 --> 00:15:20.260
  • UM, USUALLY THE MONEY SUPPLY --
  • 00:15:20.290 --> 00:15:23.290
  • IF YOU LOOK AT MONEY SUPPLY IN
  • 00:15:23.290 --> 00:15:25.220
  • DEBT, IT HAS A DIRECT
  • 00:15:25.220 --> 00:15:28.090
  • CORRELATION TO THE PRICE OF
  • 00:15:28.090 --> 00:15:29.060
  • GOLD.
  • 00:15:29.060 --> 00:15:30.210
  • MATTER OF FACT, THE
  • 00:15:30.210 --> 00:15:31.080
  • CORRELATION, ALL THE WAY UP
  • 00:15:31.080 --> 00:15:32.170
  • UNTIL A FEW YEARS AGO, WAS A
  • 00:15:32.170 --> 00:15:34.030
  • 98 PERCENT CORRELATION.
  • 00:15:34.030 --> 00:15:35.180
  • - MATT: HMPH.
  • 00:15:35.180 --> 00:15:37.160
  • - KEVIN: AND, THE GOVERNMENT,
  • 00:15:37.160 --> 00:15:38.100
  • AGAIN, DROVE INTEREST RATES
  • 00:15:38.100 --> 00:15:39.000
  • DOWN ARTIFICIALLY.
  • 00:15:39.000 --> 00:15:39.200
  • INTEREST RATES USUALLY RUN
  • 00:15:40.000 --> 00:15:43.000
  • AROUND FIVE, FIVE AND A HALF
  • 00:15:43.000 --> 00:15:43.210
  • PERCENT.
  • 00:15:43.210 --> 00:15:45.030
  • IF INTEREST RATES WENT TO
  • 00:15:45.030 --> 00:15:46.000
  • FIVE AND A HALF PERCENT TODAY,
  • 00:15:46.000 --> 00:15:46.210
  • MATT...
  • 00:15:46.210 --> 00:15:48.210
  • PEOPLE WOULD FLIP OUT WITH
  • 00:15:48.210 --> 00:15:49.100
  • THEIR MORTGAGES.
  • 00:15:49.100 --> 00:15:50.030
  • YOU KNOW, THEY'RE GETTIN' THREE
  • 00:15:50.030 --> 00:15:50.250
  • AND A HALF,
  • 00:15:50.250 --> 00:15:51.280
  • FOUR AND A HALF PERCENT
  • 00:15:51.280 --> 00:15:52.160
  • MORTGAGES TODAY.
  • 00:15:52.160 --> 00:15:53.110
  • IT WOULD BE 6 PERCENT,
  • 00:15:53.110 --> 00:15:53.290
  • 7 PERCENT.
  • 00:15:53.290 --> 00:15:55.020
  • UM, THE STOCK MARKET -- YOU
  • 00:15:55.020 --> 00:15:56.060
  • KNOW, DIVIDENDS ARE PAYING OUT
  • 00:15:56.060 --> 00:15:57.130
  • AT TWO AND A HALF TO THREE
  • 00:15:57.130 --> 00:15:58.290
  • PERCENT.
  • 00:15:58.290 --> 00:16:00.110
  • INTEREST RATES WENT TO
  • 00:16:00.110 --> 00:16:00.290
  • 4 PERCENT.
  • 00:16:00.290 --> 00:16:01.260
  • WOULD I RATHER PUT IT INTO
  • 00:16:01.260 --> 00:16:02.260
  • STOCK THAT CAN BE...YOU KNOW,
  • 00:16:02.260 --> 00:16:04.060
  • HAVE SOME DOWNSIDE RISK OR
  • 00:16:04.060 --> 00:16:05.160
  • WOULD I RATHER GUARANTEE IT
  • 00:16:05.160 --> 00:16:06.280
  • IN A GOVERNMENT BOND AT
  • 00:16:06.280 --> 00:16:08.010
  • 4 AND 5 PERCENT?
  • 00:16:08.010 --> 00:16:08.180
  • SO, MONEY STARTS SHIFTING
  • 00:16:08.180 --> 00:16:09.210
  • AROUND.
  • 00:16:09.210 --> 00:16:11.140
  • AND I BELIEVE BECAUSE THE
  • 00:16:11.140 --> 00:16:12.240
  • GOVERNMENT PRINTED UP THE
  • 00:16:12.240 --> 00:16:13.270
  • MONEY, HAS SO MUCH DEBT TODAY
  • 00:16:14.030 --> 00:16:17.030
  • THAT THAT WILL START TO CHANGE.
  • 00:16:17.030 --> 00:16:17.280
  • THE INTEREST RATES WILL START
  • 00:16:17.280 --> 00:16:19.060
  • GOING BACK HIGHER, NORMALIZED.
  • 00:16:19.060 --> 00:16:20.080
  • AND THAT WILL DRIVE THE PRICE
  • 00:16:20.080 --> 00:16:21.120
  • OF GOLD AND SILVER HIGHER.
  • 00:16:21.120 --> 00:16:22.250
  • - MATT: OKAY.
  • 00:16:22.250 --> 00:16:25.080
  • FOR SOME OF US, WHEN YOU TALK,
  • 00:16:25.090 --> 00:16:28.090
  • WE GET ABOUT EVERY THIRD WORD,
  • 00:16:28.230 --> 00:16:31.230
  • OKAY?
  • 00:16:31.230 --> 00:16:33.020
  • I MEAN, I UNDERSTAND ENGLISH.
  • 00:16:33.020 --> 00:16:33.230
  • - KEVIN: SURE.
  • 00:16:33.230 --> 00:16:34.200
  • - MATT: YOU KNOW.
  • 00:16:34.200 --> 00:16:35.070
  • IT'S MY NATIVE LANGUAGE.
  • 00:16:35.070 --> 00:16:36.250
  • BUT, AT SOME POINT, SOME OF THE
  • 00:16:36.250 --> 00:16:37.270
  • CONCEPTS START GETTING A LITTLE
  • 00:16:37.270 --> 00:16:40.040
  • OVERWHELMING.
  • 00:16:40.040 --> 00:16:42.230
  • WHAT CAN YOU SAY TO, UM, PEOPLE
  • 00:16:44.050 --> 00:16:47.050
  • THAT JUST DON'T UNDERSTAND
  • 00:16:47.050 --> 00:16:49.170
  • ANYTHING ABOUT...MUCH OF THIS,
  • 00:16:50.060 --> 00:16:53.060
  • WHAT WE'RE DISCUSSING, AND, YOU
  • 00:16:53.060 --> 00:16:54.210
  • KNOW, ECONOMICS AND THAT KIND
  • 00:16:54.210 --> 00:16:55.290
  • OF THING?
  • 00:16:55.290 --> 00:16:56.130
  • - MATT: WHAT CAN YOU SAY, IN
  • 00:16:58.120 --> 00:17:00.030
  • KIND OF AN INTRODUCTORY WAY,
  • 00:17:00.030 --> 00:17:01.060
  • ABOUT WHAT SHOULD WE BE
  • 00:17:01.060 --> 00:17:02.200
  • THINKING ABOUT IN A WAY THAT
  • 00:17:02.200 --> 00:17:04.090
  • MAKES US WISER?
  • 00:17:04.090 --> 00:17:06.190
  • - KEVIN: OKAY.
  • 00:17:06.190 --> 00:17:08.170
  • THE DOLLARS IN YOUR POCKET --
  • 00:17:08.170 --> 00:17:10.180
  • OKAY?
  • 00:17:10.180 --> 00:17:12.210
  • SPECIFICALLY WITH GOLD, RIGHT
  • 00:17:12.210 --> 00:17:14.280
  • NOW, I'M GOING TO TALK ABOUT.
  • 00:17:14.280 --> 00:17:16.020
  • - MATT: OKAY.
  • 00:17:16.020 --> 00:17:17.130
  • - KEVIN: THE DOLLARS IN YOUR
  • 00:17:17.130 --> 00:17:18.040
  • POCKET -- EVERY DAY, THEY
  • 00:17:18.040 --> 00:17:20.080
  • BECOME WORTH A LITTLE BIT LESS
  • 00:17:20.080 --> 00:17:21.270
  • BECAUSE THE GOVERNMENT'S
  • 00:17:21.270 --> 00:17:22.270
  • SO, A GREAT EXAMPLE WOULD BE:
  • 00:17:25.140 --> 00:17:27.080
  • YOU AND I ARE ON AN ISLAND.
  • 00:17:27.080 --> 00:17:28.210
  • - MATT: OKAY.
  • 00:17:28.210 --> 00:17:29.210
  • - KEVIN: I'M THE BANKER.
  • 00:17:29.210 --> 00:17:30.250
  • THE ENTIRE ISLAND HAS 10 SHELLS
  • 00:17:30.250 --> 00:17:32.120
  • AS MONEY.
  • 00:17:32.120 --> 00:17:34.110
  • YOU'RE AN ENTREPRENEUR AND YOU
  • 00:17:34.110 --> 00:17:35.190
  • HAVE A GREAT IDEA.
  • 00:17:35.190 --> 00:17:36.120
  • YOU COME TO ME.
  • 00:17:36.120 --> 00:17:37.180
  • AND I SAY: "THAT'S A FANTASTIC
  • 00:17:37.180 --> 00:17:38.190
  • IDEA, MATT.
  • 00:17:38.190 --> 00:17:39.220
  • HERE'S THE 10 COINS.
  • 00:17:39.220 --> 00:17:40.290
  • YOU OWE ME 11.
  • 00:17:40.290 --> 00:17:41.230
  • TEN PERCENT INTEREST -- YOU OWE
  • 00:17:41.230 --> 00:17:42.250
  • 11 AT THE END OF THE YEAR."
  • 00:17:42.250 --> 00:17:45.020
  • ONLY 10 SHELLS ON THE ISLAND.
  • 00:17:45.020 --> 00:17:46.230
  • YOUR BUSINESS DOES FANTASTIC.
  • 00:17:46.230 --> 00:17:47.190
  • AT THE END OF THE YEAR, YOU
  • 00:17:47.190 --> 00:17:48.230
  • GIVE ME BACK 10 SHELLS.
  • 00:17:48.230 --> 00:17:50.270
  • I FORECLOSE ON YOUR BUSINESS.
  • 00:17:50.270 --> 00:17:52.090
  • WHY?
  • 00:17:52.090 --> 00:17:53.170
  • BECAUSE THERE ISN'T AN ELEVENTH
  • 00:17:53.180 --> 00:17:56.180
  • SHELL, RIGHT?
  • 00:17:56.180 --> 00:17:57.270
  • I, AS THE BANKER, HAVE TO PRINT
  • 00:17:57.270 --> 00:17:59.150
  • THIS ELEVENTH SHELL.
  • 00:17:59.150 --> 00:18:00.290
  • WHEN I DO, THE 10 SHELLS BECOME
  • 00:18:00.290 --> 00:18:03.050
  • WORTH A LITTLE BIT LESS.
  • 00:18:05.020 --> 00:18:08.020
  • THE DOLLAR HAS LOST 90 PERCENT
  • 00:18:08.020 --> 00:18:09.090
  • OF ITS PURCHASING POWER SINCE
  • 00:18:09.090 --> 00:18:10.180
  • WE'VE GONE OFF THE GOLD
  • 00:18:10.180 --> 00:18:12.060
  • STANDARD.
  • 00:18:12.060 --> 00:18:12.270
  • - MATT: WHEN?
  • 00:18:12.270 --> 00:18:14.010
  • - KEVIN: UH, WE FIRST STARTED
  • 00:18:14.010 --> 00:18:15.090
  • GOING OFF THE GOLD STANDARD IN
  • 00:18:15.090 --> 00:18:16.230
  • THE 30s AND THEN WE COMPLETELY
  • 00:18:16.230 --> 00:18:17.150
  • WENT OFF IN 1974.
  • 00:18:17.150 --> 00:18:19.160
  • SO, 90 PERCENT OF THE VALUE OF
  • 00:18:19.160 --> 00:18:21.020
  • THE DOLLAR HAS BEEN DECIMATED
  • 00:18:21.020 --> 00:18:22.150
  • WHEN WE WENT OFF THE GOLD
  • 00:18:22.150 --> 00:18:23.210
  • STANDARD.
  • 00:18:23.210 --> 00:18:24.050
  • WHY?
  • 00:18:24.050 --> 00:18:24.210
  • BECAUSE THEY COULD ONLY PRINT
  • 00:18:24.210 --> 00:18:26.220
  • ENOUGH-- AS MUCH MONEY AS WE
  • 00:18:26.220 --> 00:18:28.200
  • PULLED GOLD OUT OF THE GROUND.
  • 00:18:28.200 --> 00:18:29.120
  • - MATT: GOT IT.
  • 00:18:29.120 --> 00:18:29.260
  • - KEVIN: WHEN YOU TOOK THAT
  • 00:18:29.260 --> 00:18:30.160
  • AWAY, NOW YOU CAN PRINT
  • 00:18:30.160 --> 00:18:31.180
  • TRILLIONS OF DOLLARS WORTH OF
  • 00:18:31.180 --> 00:18:32.220
  • MONEY.
  • 00:18:32.220 --> 00:18:33.050
  • AND, OUR DOLLAR IN OUR POCKET
  • 00:18:33.050 --> 00:18:34.250
  • CONTINUES TO GO DOWN.
  • 00:18:34.250 --> 00:18:36.040
  • GOLD IS THE PROTECTOR OF THE
  • 00:18:36.040 --> 00:18:37.290
  • VALUE OF YOUR CURRENCY FROM
  • 00:18:37.290 --> 00:18:39.130
  • FALLING.
  • 00:18:39.150 --> 00:18:42.150
  • SO, IF YOU'RE RETIRED 10 YEARS
  • 00:18:42.150 --> 00:18:43.210
  • FROM NOW AND INFLATION'S
  • 00:18:43.210 --> 00:18:46.000
  • TWO AND A HALF PERCENT, BUT THE
  • 00:18:46.000 --> 00:18:46.220
  • GOLD MARKET MAYBE MOVES UP
  • 00:18:46.220 --> 00:18:47.140
  • THREE AND A HALF,
  • 00:18:47.140 --> 00:18:47.290
  • FOUR AND A HALF,
  • 00:18:47.290 --> 00:18:48.250
  • FIVE PERCENT A YEAR,
  • 00:18:48.250 --> 00:18:49.120
  • YOU'RE PROTECTING THE
  • 00:18:49.120 --> 00:18:50.160
  • PURCHASING POWER OF THE MONEY.
  • 00:18:51.060 --> 00:18:54.060
  • YOU CAN TURN THAT GOLD BACK
  • 00:18:54.060 --> 00:18:55.210
  • INTO MORE CURRENCY;
  • 00:18:55.210 --> 00:18:57.100
  • YOU'VE PROTECTED YOUR WEALTH.
  • 00:18:57.100 --> 00:18:58.180
  • - MATT: OKAY.
  • 00:18:58.180 --> 00:18:59.010
  • WOW.
  • 00:18:59.010 --> 00:19:00.020
  • WHAT I THINK I UNDERSTAND IS
  • 00:19:00.020 --> 00:19:01.290
  • THAT YOU HAVE DEVELOPED,
  • 00:19:02.110 --> 00:19:05.110
  • FIRST OF ALL, THANK YOU FOR
  • 00:19:07.260 --> 00:19:08.160
  • WHAT YOU DO IN SUPPORTING MIKE
  • 00:19:08.160 --> 00:19:09.270
  • HUCKABEE'S SHOW AND HELPING US
  • 00:19:09.270 --> 00:19:11.220
  • OFFSET THE COSTS OF THAT, WHAT
  • 00:19:11.220 --> 00:19:14.050
  • YOU'RE DOING, AND I APPRECIATE
  • 00:19:14.050 --> 00:19:15.140
  • THAT VERY MUCH.
  • 00:19:15.140 --> 00:19:17.180
  • - KEVIN: SUCH A GREAT
  • 00:19:17.180 --> 00:19:18.140
  • PLEASURE.
  • 00:19:18.140 --> 00:19:18.270
  • - MATT: BUT I THINK YOU'VE
  • 00:19:18.270 --> 00:19:19.250
  • FIGURED OUT A WAY TO GIVE ME A
  • 00:19:19.250 --> 00:19:21.080
  • NEW PERSPECTIVE.
  • 00:19:21.080 --> 00:19:23.130
  • I, UH, WOULD HAVE SAID THAT THE
  • 00:19:24.020 --> 00:19:27.020
  • ONLY REASON TO BUY GOLD WAS
  • 00:19:27.020 --> 00:19:29.090
  • BECAUSE YOU WERE THINKING THERE
  • 00:19:30.090 --> 00:19:33.090
  • WAS A VERY NEGATIVE THING
  • 00:19:33.090 --> 00:19:34.120
  • EITHER RIGHT OUT IN FRONT OF US
  • 00:19:34.120 --> 00:19:35.260
  • OR--
  • 00:19:36.180 --> 00:19:39.180
  • BUT, YOU'RE REALLY TALKING
  • 00:19:39.180 --> 00:19:40.070
  • IF I UNDERSTAND IT CORRECTLY,
  • 00:19:43.150 --> 00:19:44.060
  • YOU'VE KIND OF GOT ME,
  • 00:19:44.060 --> 00:19:45.010
  • NOW, UNDERSTANDING THAT
  • 00:19:45.010 --> 00:19:46.070
  • GOLD IS GOING TO ULTIMATELY--
  • 00:19:46.110 --> 00:19:49.110
  • IF YOU TURN IT BACK INTO CASH,
  • 00:19:49.250 --> 00:19:52.250
  • LATER IN YOUR LIFE, IT'S GOING
  • 00:19:53.040 --> 00:19:56.040
  • TO PRESERVE, AT LEAST, THE
  • 00:19:56.170 --> 00:19:59.170
  • INFLATIONARY LOSS THAT WE'RE
  • 00:19:59.170 --> 00:20:01.010
  • ALL GOING TO EXPERIENCE.
  • 00:20:01.010 --> 00:20:03.130
  • - KEVIN: THAT'S RIGHT.
  • 00:20:03.130 --> 00:20:04.260
  • THE DENARII EXAMPLE THAT WE
  • 00:20:04.260 --> 00:20:06.030
  • USED EARLIER?
  • 00:20:06.030 --> 00:20:07.080
  • THAT WAS 5.000 YEARS THAT THAT
  • 00:20:07.080 --> 00:20:08.170
  • ONE DENARII, THAT ONE TALENT OF
  • 00:20:08.170 --> 00:20:10.060
  • GOLD, IS STILL WORTH BASICALLY
  • 00:20:10.060 --> 00:20:11.110
  • THE SAME THAT IT WAS...ALL THE
  • 00:20:11.110 --> 00:20:14.010
  • WAY BACK IN BIBLICAL TIMES.
  • 00:20:14.010 --> 00:20:16.090
  • - MATT: MMH!
  • 00:20:16.090 --> 00:20:17.120
  • - KEVIN: THAT'S WHAT IT'S
  • 00:20:17.120 --> 00:20:18.010
  • DONE.
  • 00:20:18.010 --> 00:20:19.090
  • AND THAT'S WHAT IT'S GOING TO
  • 00:20:19.090 --> 00:20:20.000
  • CONTINUE TO KEEP DOING.
  • 00:20:20.000 --> 00:20:21.020
  • THAT'S WHAT IT'S FOR IS A STORE
  • 00:20:21.020 --> 00:20:21.240
  • OF VALUE.
  • 00:20:21.240 --> 00:20:24.060
  • - MATT: YOU KNOW, YOU
  • 00:20:24.060 --> 00:20:25.170
  • MENTIONED, UM, THAT, YOU KNOW,
  • 00:20:25.170 --> 00:20:27.140
  • ABRAHAM WAS RICH BECAUSE HE HAD
  • 00:20:29.160 --> 00:20:32.160
  • LANDS, AND CATTLE, AND WHATEVER
  • 00:20:32.160 --> 00:20:34.070
  • ELSE HE HAD.
  • 00:20:34.150 --> 00:20:37.150
  • UH, THE BIBLE HAS A VERY
  • 00:20:37.150 --> 00:20:40.150
  • UNIQUELY DIFFERENT KIND OF
  • 00:20:40.150 --> 00:20:42.080
  • PERSPECTIVE ON WHAT IS REAL
  • 00:20:42.080 --> 00:20:44.230
  • WEALTH.
  • 00:20:44.230 --> 00:20:46.040
  • - KEVIN: RIGHT.
  • 00:20:46.040 --> 00:20:47.100
  • - MATT: AND, YOU KNOW, I MEAN,
  • 00:20:47.100 --> 00:20:48.290
  • LOOK -- AT SOME POINT, PEACE OF
  • 00:20:49.160 --> 00:20:52.160
  • MIND IS A VALUE THAT, YOU KNOW,
  • 00:20:52.160 --> 00:20:53.220
  • MONEY CAN'T BUY, AN INVESTMENT
  • 00:20:53.220 --> 00:20:56.030
  • CAN'T BUY.
  • 00:20:56.030 --> 00:20:57.170
  • BUT, BASICALLY, INFLATION IS A
  • 00:20:57.170 --> 00:20:59.100
  • REAL THING.
  • 00:20:59.100 --> 00:21:01.040
  • IT EXISTS EVERY YEAR, SOMETIMES
  • 00:21:01.040 --> 00:21:02.240
  • HIGHER.
  • 00:21:02.240 --> 00:21:03.180
  • FOR A LONG TIME, NOW, IT'S BEEN
  • 00:21:03.180 --> 00:21:05.130
  • VERY LOW.
  • 00:21:05.130 --> 00:21:06.060
  • - KEVIN: RIGHT.
  • 00:21:06.060 --> 00:21:06.230
  • - MATT: OKAY.
  • 00:21:06.230 --> 00:21:08.170
  • BUT, OVER A COURSE OF A LIFE,
  • 00:21:08.170 --> 00:21:10.090
  • GOLD WOULD REPLACE, AT LEAST,
  • 00:21:10.260 --> 00:21:13.260
  • THE VALUE OF THE INFLATIONARY
  • 00:21:13.260 --> 00:21:15.280
  • LOSS -- AT LEAST THAT,
  • 00:21:16.250 --> 00:21:19.250
  • WORST-CASE SCENARIO.
  • 00:21:19.250 --> 00:21:20.270
  • AND BECAUSE THE GOVERNMENT
  • 00:21:22.240 --> 00:21:23.220
  • PRINTED UP THIS MONEY, DROVE
  • 00:21:23.220 --> 00:21:25.020
  • THE INTEREST RATES DOWN, AND
  • 00:21:25.020 --> 00:21:26.170
  • INFLATION HAS BEEN KEPT TAME,
  • 00:21:26.170 --> 00:21:27.210
  • THAT'S THE ARTIFICIAL THING
  • 00:21:27.210 --> 00:21:30.100
  • THAT THEY'VE BEEN DOING TO TRY
  • 00:21:30.160 --> 00:21:33.160
  • TO HELP THE ECONOMY GROW.
  • 00:21:33.160 --> 00:21:34.170
  • BUT AT SOME POINT, EVERYTHING
  • 00:21:34.170 --> 00:21:36.110
  • EVERYTHING GOES BACK TO THE
  • 00:21:39.290 --> 00:21:40.190
  • AVERAGE.
  • 00:21:40.190 --> 00:21:40.290
  • SO, IF INTEREST RATES START TO
  • 00:21:40.290 --> 00:21:42.070
  • RISE, YOU START TO SEE THAT
  • 00:21:42.070 --> 00:21:42.270
  • GOLD, WITH THE RELATION-- WITH
  • 00:21:42.270 --> 00:21:45.220
  • DEBT AND THE AMOUNT OF MONEY
  • 00:21:45.220 --> 00:21:46.120
  • THAT'S BEEN PRINTED, ALL OF
  • 00:21:46.120 --> 00:21:47.150
  • THAT STARTS TO COME BACK, THE
  • 00:21:47.150 --> 00:21:49.100
  • GOLD MARKET SHOULD AND SILVER
  • 00:21:49.100 --> 00:21:50.130
  • MARKET SHOULD--
  • 00:21:50.130 --> 00:21:51.110
  • - MATT: OKAY.
  • 00:21:51.110 --> 00:21:52.130
  • - KEVIN: --HELP PRESERVE YOUR
  • 00:21:52.130 --> 00:21:53.040
  • WEALTH.
  • 00:21:53.040 --> 00:21:53.240
  • - MATT: IT-- WELL,
  • 00:21:53.240 --> 00:21:55.290
  • HISTORICALLY, IT HAS?
  • 00:21:55.290 --> 00:21:56.160
  • - KEVIN: YES.
  • 00:21:56.160 --> 00:21:57.030
  • - MATT: OKAY.
  • 00:21:57.030 --> 00:21:58.010
  • - KEVIN: FOR 5.000 YEARS.
  • 00:21:58.010 --> 00:21:58.200
  • - MATT: OKAY.
  • 00:21:58.200 --> 00:21:59.150
  • WELL, THAT'S-- THAT'S GOOD
  • 00:21:59.150 --> 00:22:00.080
  • ENOUGH FOR ME.
  • 00:22:00.080 --> 00:22:01.240
  • I DON'T EXPECT TO LIVE QUITE
  • 00:22:01.240 --> 00:22:03.170
  • THAT LONG.
  • 00:22:03.170 --> 00:22:04.140
  • [KEVIN LAUGHS]
  • 00:22:04.140 --> 00:22:05.120
  • BUT, YOU KNOW...
  • 00:22:05.120 --> 00:22:06.210
  • ALL RIGHT.
  • 00:22:06.210 --> 00:22:08.110
  • WHEN IT'S ALL SAID AND DONE
  • 00:22:08.110 --> 00:22:09.230
  • HERE, YOU'RE BASICALLY WANTING
  • 00:22:11.030 --> 00:22:14.030
  • TO HELP RETIRED FOLKS.
  • 00:22:14.170 --> 00:22:17.170
  • BASICALLY, BECAUSE, IF
  • 00:22:17.260 --> 00:22:20.260
  • INFLATION GOES ANY WORSE --
  • 00:22:21.270 --> 00:22:24.270
  • AND, HISTORICALLY, OVER THE
  • 00:22:24.270 --> 00:22:26.190
  • LAST MANY YEARS HAS BEEN VERY
  • 00:22:26.190 --> 00:22:28.010
  • LOW, BUT WE'VE ALL SEEN IT MUCH
  • 00:22:28.010 --> 00:22:29.090
  • HIGHER--
  • 00:22:29.090 --> 00:22:29.280
  • - KEVIN: RIGHT.
  • 00:22:29.280 --> 00:22:30.190
  • - MATT: --YOU KNOW, IN OUR
  • 00:22:30.190 --> 00:22:31.210
  • LIFETIME, AT LEAST.
  • 00:22:31.210 --> 00:22:32.240
  • AND, THAT'S A WORST-CASE
  • 00:22:32.240 --> 00:22:34.270
  • SCENARIO.
  • 00:22:34.270 --> 00:22:36.020
  • AND THAT, UNFORTUNATELY, DRIVES
  • 00:22:36.020 --> 00:22:38.190
  • THE PRICE OF GOLD UP.
  • 00:22:38.190 --> 00:22:41.080
  • BECAUSE THEN EVERYONE WANTS IT,
  • 00:22:41.080 --> 00:22:42.000
  • AT THAT POINT.
  • 00:22:42.000 --> 00:22:42.160
  • IS THAT KIND OF THE--
  • 00:22:42.160 --> 00:22:43.130
  • - KEVIN: YEAH.
  • 00:22:43.130 --> 00:22:44.290
  • SO, THERE'S TWO FACTORS TO IT.
  • 00:22:44.290 --> 00:22:46.000
  • - MATT: OKAY.
  • 00:22:46.000 --> 00:22:46.240
  • - KEVIN: YOU HAVE THE
  • 00:22:46.240 --> 00:22:47.210
  • INFLATION SIDE OF IT WITH MONEY
  • 00:22:47.210 --> 00:22:48.210
  • PRINTING, WHICH DRIVES THE
  • 00:22:48.210 --> 00:22:49.190
  • AND THEN, YOU HAVE THE SHORT-
  • 00:22:51.240 --> 00:22:53.060
  • TERM FLUCTUATIONS WITH THE
  • 00:22:53.060 --> 00:22:54.230
  • STOCK MARKET BEING HIGH, REAL
  • 00:22:54.230 --> 00:22:55.200
  • ESTATE BEING HIGH.
  • 00:22:55.200 --> 00:22:57.020
  • TYPICALLY, GOLD AND SILVER WILL
  • 00:22:57.020 --> 00:22:57.260
  • BE LOW, ALONG WITH OTHER
  • 00:22:57.260 --> 00:22:58.210
  • COMMODITIES.
  • 00:22:58.210 --> 00:23:00.250
  • SO, HOW DO YOU OFFSET WHEN YOU
  • 00:23:00.250 --> 00:23:02.200
  • HAVE A RECORD-HIGH VALUATION IN
  • 00:23:02.200 --> 00:23:04.180
  • THE STOCK MARKET OR RECORD-HIGH
  • 00:23:04.180 --> 00:23:06.020
  • VALUATIONS IN THE REAL ESTATE
  • 00:23:06.020 --> 00:23:06.230
  • MARKETS?
  • 00:23:06.230 --> 00:23:08.000
  • SO, AN EXAMPLE OF THIS WOULD BE
  • 00:23:08.000 --> 00:23:09.130
  • THE STOCK MARKET WAS EXTREMELY
  • 00:23:09.130 --> 00:23:10.260
  • HIGH IN 2008.
  • 00:23:10.260 --> 00:23:11.130
  • THE REAL ESTATE MARKET,
  • 00:23:11.130 --> 00:23:12.270
  • OBVIOUSLY, WAS EXTREMELY HIGH.
  • 00:23:12.270 --> 00:23:14.130
  • AND THE PRECIOUS-METALS MARKET
  • 00:23:14.130 --> 00:23:16.040
  • WAS TRADING AROUND $600 OR
  • 00:23:16.040 --> 00:23:17.090
  • $700.
  • 00:23:17.090 --> 00:23:17.270
  • AS SOON AS THE STOCK MARKET
  • 00:23:17.270 --> 00:23:20.000
  • STARTED TO CRASH AND THE
  • 00:23:20.000 --> 00:23:21.040
  • REAL ESTATE MARKET STARTED TO
  • 00:23:21.040 --> 00:23:22.120
  • FALL, THE PRECIOUS METALS
  • 00:23:22.120 --> 00:23:23.210
  • IT'S AN OFFSET TO A LOT OF
  • 00:23:26.220 --> 00:23:27.120
  • PAPER INVESTMENTS, LIKE STOCKS
  • 00:23:27.120 --> 00:23:28.150
  • AND BONDS AND...REITS AND
  • 00:23:28.150 --> 00:23:30.000
  • THINGS LIKE THAT.
  • 00:23:30.000 --> 00:23:31.270
  • - MATT: MMH.
  • 00:23:31.270 --> 00:23:32.230
  • - KEVIN: SO, YOU HAVE THIS
  • 00:23:32.230 --> 00:23:34.020
  • SHORT-TERM THING GOING ON WHERE
  • 00:23:34.020 --> 00:23:35.110
  • THERE'S A BUCKET OF MONEY OUT
  • 00:23:35.110 --> 00:23:36.260
  • THERE AND IT HAS THE
  • 00:23:36.260 --> 00:23:37.280
  • OPPORTUNITY TO EITHER INVEST
  • 00:23:37.280 --> 00:23:39.160
  • ITSELF INTO THE STOCK MARKET,
  • 00:23:39.160 --> 00:23:42.030
  • REAL ESTATE, BONDS, PRECIOUS
  • 00:23:42.030 --> 00:23:42.240
  • METALS.
  • 00:23:42.240 --> 00:23:44.170
  • AND, IF THE STOCK MARKET AND
  • 00:23:44.170 --> 00:23:45.280
  • THE REAL ESTATE MARKET ARE
  • 00:23:45.280 --> 00:23:47.100
  • FLYING AND VALUATIONS ARE VERY
  • 00:23:47.100 --> 00:23:49.160
  • HIGH, USUALLY, AGAIN, THE GOLD
  • 00:23:49.160 --> 00:23:51.130
  • MARKET IS VERY LOW.
  • 00:23:51.130 --> 00:23:53.060
  • IF YOU PUT SOME MONEY IN THE
  • 00:23:53.060 --> 00:23:54.170
  • GOLD MARKET WHEN IT'S LOW,
  • 00:23:54.170 --> 00:23:55.200
  • AND THE STOCK MARKET COMES DOWN,
  • 00:23:55.200 --> 00:23:58.110
  • USUALLY THE GOLD MARKET GOES UP.
  • 00:23:58.110 --> 00:24:01.090
  • - MATT: DO YOU HAVE TO THINK
  • 00:24:01.090 --> 00:24:02.040
  • ABOUT GOLD AS A LONG-TERM
  • 00:24:02.040 --> 00:24:02.230
  • INVESTMENT?
  • 00:24:02.230 --> 00:24:04.000
  • IT'S A WISER WAY TO THINK ABOUT
  • 00:24:04.000 --> 00:24:05.110
  • IT.
  • 00:24:05.110 --> 00:24:06.190
  • - KEVIN: ABSOLUTELY.
  • 00:24:06.190 --> 00:24:07.120
  • - MATT: OKAY.
  • 00:24:07.120 --> 00:24:08.240
  • - KEVIN: BECAUSE THE LONG-TERM
  • 00:24:08.240 --> 00:24:10.080
  • EFFECT IS THE INFLATION, THE
  • 00:24:10.080 --> 00:24:11.020
  • MONEY PRINTING THAT YOU
  • 00:24:11.020 --> 00:24:12.240
  • ARE...REFERRING TO, THAT'S THE
  • 00:24:12.240 --> 00:24:13.190
  • LONG TERM: GOLD'S GOING TO GO
  • 00:24:13.190 --> 00:24:14.100
  • UP.
  • 00:24:14.100 --> 00:24:15.240
  • SO, IF I JUST WAIT AROUND, THE
  • 00:24:15.240 --> 00:24:16.170
  • GOLD MARKET SHOULD BE MUCH
  • 00:24:16.170 --> 00:24:18.040
  • HIGHER IN FIVE YEARS, TEN YEARS
  • 00:24:18.040 --> 00:24:20.060
  • FROM NOW.
  • 00:24:20.060 --> 00:24:20.280
  • AND THEN, YOU HAVE THE
  • 00:24:20.280 --> 00:24:22.000
  • FLUCTUATION IN THE FINANCIAL
  • 00:24:22.000 --> 00:24:24.000
  • MARKETS THAT ALSO WILL MAKE IT
  • 00:24:24.000 --> 00:24:24.220
  • MORE OR LESS EXPENSIVE.
  • 00:24:24.260 --> 00:24:27.260
  • - MATT: AND WHAT DO YOU SAY TO
  • 00:24:27.260 --> 00:24:28.230
  • SOMEBODY THAT BUYS A QUANTITY
  • 00:24:28.230 --> 00:24:31.100
  • OF GOLD OR SILVER AND THEN
  • 00:24:31.100 --> 00:24:33.070
  • READS IN THE NEWSPAPER THE NEXT
  • 00:24:33.070 --> 00:24:36.000
  • DAY, OR LOOKS ON THEIR APP THE
  • 00:24:36.000 --> 00:24:37.190
  • NEXT DAY AND IT'S LOWER?
  • 00:24:37.190 --> 00:24:39.090
  • WHAT DO YOU SAY?
  • 00:24:39.090 --> 00:24:41.180
  • WHAT DO WE DO?
  • 00:24:41.180 --> 00:24:43.160
  • - KEVIN: WELL, WE BEGAN WITH:
  • 00:24:43.160 --> 00:24:45.080
  • THIS IS A THREE- TO FIVE-YEAR
  • 00:24:45.080 --> 00:24:46.110
  • INVESTMENT.
  • 00:24:46.110 --> 00:24:46.260
  • - MATT: OKAY.
  • 00:24:46.260 --> 00:24:47.250
  • - KEVIN: HOLD IT FOR YOUR
  • 00:24:47.250 --> 00:24:48.250
  • THREE TO FIVE YEARS.
  • 00:24:48.250 --> 00:24:50.000
  • YOU'LL BE MUCH HAPPIER THAN
  • 00:24:50.000 --> 00:24:50.270
  • OPENING THE NEWSPAPER EVERY
  • 00:24:50.270 --> 00:24:51.240
  • DAY.
  • 00:24:51.240 --> 00:24:53.130
  • BECAUSE THE NEWS CHANGES, AND
  • 00:24:53.130 --> 00:24:54.160
  • THE NEXT DAY OR THE NEXT DAY
  • 00:24:54.160 --> 00:24:55.270
  • AFTER THAT, THE NEWS MIGHT BE
  • 00:24:55.270 --> 00:24:57.120
  • COMPLETELY DIFFERENT.
  • 00:24:57.120 --> 00:24:58.200
  • YOU KNOW, NORTH KOREA IS GOOD
  • 00:24:58.200 --> 00:25:00.190
  • TODAY; COULD BE BAD TOMORROW.
  • 00:25:00.190 --> 00:25:02.130
  • IRAN'S...WHATEVER THEY'RE
  • 00:25:02.130 --> 00:25:03.230
  • DOING.
  • 00:25:03.230 --> 00:25:05.030
  • IT COULD BE HORRIBLE THE NEXT
  • 00:25:05.030 --> 00:25:06.240
  • DAY AND THE NEWS CHANGES.
  • 00:25:06.240 --> 00:25:07.230
  • YOU HAVE TO HAVE A LONG-TERM
  • 00:25:07.230 --> 00:25:09.080
  • PERSPECTIVE -- NOT JUST WITH
  • 00:25:09.080 --> 00:25:09.280
  • PRECIOUS METALS.
  • 00:25:09.280 --> 00:25:10.180
  • IT HAS TO BE WITH ALL
  • 00:25:10.180 --> 00:25:11.100
  • INVESTMENTS.
  • 00:25:11.100 --> 00:25:12.240
  • YOU HAVE TO HAVE THIS LONG-TERM
  • 00:25:12.240 --> 00:25:13.160
  • PERSPECTIVE.
  • 00:25:13.160 --> 00:25:13.280
  • - MATT: OKAY.
  • 00:25:13.280 --> 00:25:14.170
  • SO, ANY KIND OF INVESTMENT, IF
  • 00:25:14.170 --> 00:25:16.150
  • YOU'RE NOT THINKING LONG-TERM,
  • 00:25:16.150 --> 00:25:19.000
  • YOU'RE GONNA BE NERVOUS AND
  • 00:25:19.000 --> 00:25:20.240
  • KIND OF NUTTY ABOUT IT, ANYWAY.
  • 00:25:20.240 --> 00:25:22.150
  • - KEVIN: YOU START TO BECOME
  • 00:25:22.150 --> 00:25:23.130
  • EMOTIONAL.
  • 00:25:23.130 --> 00:25:24.100
  • INVESTING SHOULD BE BORING.
  • 00:25:24.100 --> 00:25:25.080
  • ALL RIGHT?
  • 00:25:25.080 --> 00:25:26.220
  • HAVE YOUR DIVERSIFICATION
  • 00:25:26.220 --> 00:25:29.210
  • WITHIN WHATEVER ASSET CLASSES
  • 00:25:29.210 --> 00:25:31.090
  • YOU FEEL COMFORTABLE WITH, YOUR
  • 00:25:31.090 --> 00:25:32.180
  • FINANCIAL PLANNER FEELS
  • 00:25:32.180 --> 00:25:33.160
  • COMFORTABLE WITH, AND, EACH
  • 00:25:33.160 --> 00:25:35.050
  • YEAR, YOU'RE PRUNING.
  • 00:25:35.050 --> 00:25:36.120
  • IF YOU HAVE-- IF THE STOCK
  • 00:25:36.120 --> 00:25:37.140
  • MARKET WENT WAY UP AND YOU'RE
  • 00:25:37.140 --> 00:25:39.080
  • SUPPOSED TO HAVE 40 OR 50
  • 00:25:39.080 --> 00:25:40.160
  • PERCENT IN THE STOCK MARKET AND
  • 00:25:40.160 --> 00:25:41.200
  • YOU HAVE 70 PERCENT, TAKE A
  • 00:25:41.200 --> 00:25:42.280
  • LITTLE PIECE OFF THE TABLE AND
  • 00:25:42.280 --> 00:25:44.030
  • LOOK FOR THE ASSET CLASS THAT'S
  • 00:25:44.030 --> 00:25:45.180
  • UNDERVALUED.
  • 00:25:45.180 --> 00:25:46.100
  • AND THEN, WHEN THE STOCK MARKET
  • 00:25:46.100 --> 00:25:48.100
  • CORRECTS, USUALLY,
  • 00:25:48.100 --> 00:25:49.110
  • THAT ASSET THAT'S UNDERVALUED
  • 00:25:49.110 --> 00:25:50.190
  • STARTS GOING UP AND YOUR
  • 00:25:50.190 --> 00:25:53.010
  • PORTFOLIO DOES MUCH BETTER OVER
  • 00:25:53.010 --> 00:25:54.290
  • LONGER PERIODS OF TIME.
  • 00:25:54.290 --> 00:25:56.030
  • - MATT: WHAT PERCENTAGE OF
  • 00:25:56.030 --> 00:25:57.150
  • YOUR PORTFOLIO DO YOU SUGGEST
  • 00:25:57.240 --> 00:26:00.260
  • BE IN METALS?
  • 00:26:00.260 --> 00:26:03.150
  • - KEVIN: YOU KNOW, IT'S AN
  • 00:26:03.150 --> 00:26:05.290
  • AGE SITUATION MORE THAN A
  • 00:26:05.290 --> 00:26:06.180
  • PERCENTAGE.
  • 00:26:06.180 --> 00:26:08.150
  • SOMEWHERE BETWEEN 5 AND AS HIGH
  • 00:26:08.150 --> 00:26:10.130
  • AS 20 PERCENT.
  • 00:26:10.130 --> 00:26:11.180
  • SO, UH, YOU KNOW, IF YOU'RE
  • 00:26:11.180 --> 00:26:13.120
  • YOUNGER, YOU CAN HAVE A HIGHER
  • 00:26:13.120 --> 00:26:14.250
  • PERCENTAGE BECAUSE PRECIOUS
  • 00:26:14.250 --> 00:26:16.090
  • METALS DO NOT CREATE ANY TYPE
  • 00:26:16.090 --> 00:26:17.170
  • OF INCOME.
  • 00:26:17.170 --> 00:26:18.200
  • YOU KNOW, WITH STOCKS, YOU GET
  • 00:26:18.200 --> 00:26:20.020
  • SOME DIVIDENDS.
  • 00:26:20.020 --> 00:26:20.280
  • BONDS OBVIOUSLY GET SOME
  • 00:26:20.280 --> 00:26:22.020
  • INTEREST.
  • 00:26:22.020 --> 00:26:23.130
  • UH, PRECIOUS METALS DON'T HAVE
  • 00:26:23.130 --> 00:26:24.090
  • THAT.
  • 00:26:24.090 --> 00:26:24.250
  • SO, USUALLY, IT'S A SMALLER
  • 00:26:24.250 --> 00:26:26.010
  • PERCENTAGE.
  • 00:26:26.010 --> 00:26:28.070
  • AND WHEN YOU'RE YOUNGER,
  • 00:26:28.070 --> 00:26:29.100
  • YOU CAN GO ALL THE WAY UP TO
  • 00:26:29.100 --> 00:26:30.070
  • 20 PERCENT OR MORE, IF YOU--
  • 00:26:30.070 --> 00:26:32.110
  • - MATT: CAN AFFORD IT.
  • 00:26:32.110 --> 00:26:34.080
  • - KEVIN: --UNDERSTAND THE
  • 00:26:34.080 --> 00:26:34.270
  • MARKET.
  • 00:26:34.270 --> 00:26:35.090
  • YEAH.
  • 00:26:35.090 --> 00:26:35.200
  • - MATT: YEAH.
  • 00:26:35.200 --> 00:26:36.190
  • SO, YOUR SUGGESTION IS
  • 00:26:36.190 --> 00:26:37.060
  • SOMEWHERE BETWEEN 5 AND 20
  • 00:26:37.060 --> 00:26:38.150
  • PERCENT, BASED ON YOUR AGE.
  • 00:26:38.150 --> 00:26:39.150
  • - KEVIN: YES.
  • 00:26:39.150 --> 00:26:40.010
  • - MATT: AND, UM...
  • 00:26:40.010 --> 00:26:41.010
  • AND THEN, AT A RETIREMENT-TYPE
  • 00:26:41.010 --> 00:26:43.270
  • AGE, LOWER?
  • 00:26:43.270 --> 00:26:46.100
  • - KEVIN: RETIREMENT-TYPE,
  • 00:26:46.100 --> 00:26:46.290
  • YES.
  • 00:26:46.290 --> 00:26:48.030
  • LOWER, UNLESS...YOU HAVE MORE
  • 00:26:48.270 --> 00:26:51.270
  • ASSETS IN RISKY INVESTMENTS AND
  • 00:26:51.270 --> 00:26:52.210
  • THEN YOU WANT SOMETHING VERY
  • 00:26:52.210 --> 00:26:53.130
  • CONSERVATIVE, AND MAYBE THE
  • 00:26:53.130 --> 00:26:54.090
  • PERCENTAGES ARE--
  • 00:26:54.090 --> 00:26:55.200
  • - MATT: AS A COUNTERBALANCE.
  • 00:26:55.200 --> 00:26:56.110
  • - KEVIN: YES.
  • 00:26:56.110 --> 00:26:56.240
  • - MATT: YEAH.
  • 00:26:56.240 --> 00:26:58.060
  • - KEVIN: AS A COUNTERBALANCE.
  • 00:26:58.060 --> 00:26:58.270
  • - MATT: OKAY.
  • 00:26:58.270 --> 00:26:59.180
  • SO, I THINK WHAT I UNDERSTAND
  • 00:26:59.180 --> 00:27:01.240
  • FROM TODAY'S TALK IS INVESTMENTS
  • 00:27:01.240 --> 00:27:02.160
  • SHOULD BE BORING.
  • 00:27:02.160 --> 00:27:03.010
  • - KEVIN: INVESTING SHOULD
  • 00:27:03.010 --> 00:27:04.050
  • BE BORING.
  • 00:27:04.050 --> 00:27:06.130
  • IF IT GETS EXCITING, YOU HAVE
  • 00:27:06.130 --> 00:27:07.040
  • TOO MUCH MONEY IN THE EXCITING
  • 00:27:07.040 --> 00:27:09.010
  • ASSET CLASS -- AND, USUALLY,
  • 00:27:09.010 --> 00:27:10.020
  • - MATT: OKAY, SO, IF YOU'RE
  • 00:27:13.080 --> 00:27:14.110
  • TALKING ABOUT SOMETHING --
  • 00:27:14.110 --> 00:27:15.070
  • AAAH! -- EXCITING, YOU'D BE
  • 00:27:15.070 --> 00:27:16.030
  • TALKING ABOUT SOME TRENDY TECH
  • 00:27:16.030 --> 00:27:16.250
  • STOCK, OR, YOU KNOW--
  • 00:27:16.250 --> 00:27:18.140
  • - KEVIN: THE INTERNET STOCKS
  • 00:27:18.140 --> 00:27:19.220
  • THAT CRASH, THE REAL ESTATE
  • 00:27:19.220 --> 00:27:20.270
  • MARKET WHEN EVERYBODY WAS
  • 00:27:20.270 --> 00:27:21.260
  • EXCITED THERE, THE STOCK
  • 00:27:21.260 --> 00:27:23.020
  • MARKET, WHERE EVERYBODY WAS
  • 00:27:23.020 --> 00:27:24.120
  • EXCITED IN 2008 -- WHAT
  • 00:27:24.120 --> 00:27:25.000
  • HAPPENED?
  • 00:27:25.000 --> 00:27:27.010
  • AND IT CONTINUES TO HAPPEN.
  • 00:27:27.010 --> 00:27:28.150
  • EVERY 10 OR 15 YEARS, THE STOCK
  • 00:27:28.150 --> 00:27:29.200
  • MARKET HAS A 20, 30, 40 PERCENT
  • 00:27:29.200 --> 00:27:31.150
  • CORRECTION.
  • 00:27:31.150 --> 00:27:33.170
  • SO, HOW DO YOU OFFSET THAT?
  • 00:27:33.170 --> 00:27:34.070
  • PRECIOUS METALS ARE ONE OPTION.
  • 00:27:34.070 --> 00:27:35.270
  • THERE'S OTHER OPTIONS OUT
  • 00:27:35.270 --> 00:27:36.260
  • - MATT: WELL, I GUESS I JUST
  • 00:27:39.290 --> 00:27:40.200
  • HAVE TO THANK YOU, KEVIN, FOR,
  • 00:27:40.200 --> 00:27:41.120
  • UH...MAKING INVESTMENT BORING.
  • 00:27:41.120 --> 00:27:43.090
  • [KEVIN LAUGHS]
  • 00:27:43.090 --> 00:27:44.210
  • [MUSIC]
  • 00:27:44.210 --> 00:27:45.080
  • - KEVIN: THANKS, MATT.
  • 00:27:45.080 --> 00:27:46.040
  • - MATT: JUST BORING AS HECK.
  • 00:27:46.040 --> 00:27:46.250
  • [LAUGHTER]
  • 00:27:46.250 --> 00:27:47.060
  • - KEVIN: THE WAY IT SHOULD BE.
  • 00:27:47.060 --> 00:27:47.280
  • [LAUGHTER]
  • 00:27:47.280 --> 00:27:48.220
  • - MATT: I LIKE IT.
  • 00:27:48.220 --> 00:27:49.180
  • WE'LL SEE YOU NEXT TIME.
  • 00:27:49.180 --> 00:27:50.060