historically silver outperforms gold during these bull runs so it does ultimately rise a lot more in price however you pay the price of volatility uh you know what's not coming to an end is the price of gold look at that segue good good work good work yeah thank you very much I get paid the big more right now I think we do uh joining us is Mr Alan hiber precious metals an alternative money specialist his company is gold silver uh website goldsilver.com Allan welcome to the big Bish show we certainly appreciate you


jumping on and and talking some gold with this how are you sir I am great thank you so much for having me today really appreciate it yeah before we talk about prices of gold and where to go and get gold and and and stuff like that um is it is it finite as far as the supply that man knows of in the world or do we really have a true gauge of how much gold there is is if we haven't really been able to explore every single square inch of the of the earth to find it yeah it's a great question and actually your


question sort of hints at why gold is even a store of value in the first place so I would argue that the supply of gold is essentially infinite but for practical purposes it's capped by our ability to go out and get new gold so the reason that gold is a store of value is because some of it is accessible to us and that's relatively easy to get sure and some other gold in the future is going to be aot lot harder to get we're going to have to spend much more energy to get it and so as a result


anyone who has kept gold until that time is going to be able to sell it at that new higher price representing a higher cost of getting new units so the supply of gold is essentially limited and that's what makes it a store value hey Alan I want to ask um in this climate of you know the market is unsure the uh what's going on with you know all the things are are kind of Uncertain in in question so so um you know there's cryptocurrency out there all the things are happening inflation now how does


that affect gold and silver does it bode well for your industry yes absolutely it bodess well and I think that's why gold and silver have both had fantastic years recently you know I'll perform in the S&P for example um and so yeah whenever you have a period of uncertainty people start to cling to something they can control something they can get their hands on something they know isn't going to uh disappoint them down the road and if you look at so much of what's happening in the world we sort


of have a crisis of leadership really everywhere and that that accounts for uh leaders of countries leaders of countries leaders of other institutions who have broadly speaking either been negligent to put it nicely or outright corrupt right in the worst of cases and that's across the globe so of course there are standout exceptions but broadly speaking we have a failure of leadership and when that happens people turn to something that doesn't have a leader so gold doesn't have a leader there's no


one in charge of all the gold and same with silver for example and same with Bitcoin so if you're unhappy with your leadership if there's uncertainty about how they're going to behave what kind of rules they're going to enact whether or not they're going to enforce those rules and if they're going to be good or bad for you and your family you can really just take a lot of uncertainty out of the equation by going to something that doesn't have a leader that can't be


corrupted so that's Gold Silver and Bitcoin so that's really good for our industry Alan hiber precious metals alternative money specialist his company gold silver their website is goldsilver.com Allan what's uh what's the craziness going over in London what are they uh what are they experiencing with gold yeah they're getting rid of it basically so in London they're they're selling a lot of their gold they're selling a lot of the gold off the lbma um moving that to Switzerland refining


it for um bars that are acceptable in the United States and shipping them to New York and the reason for that is that uh there's one or more large investors in the United States and we could speculate who that might be it might even be the federal government uh who are going to take physical delivery of gold sometime in the very near future so the Gold stock piles on the comx have gone from roughly 10 million ounces to 40 million ounces it's gone up by a factor of four and just a few months


this is this is basically unprecedent unprecedented it happened during covid but that was the first time so now it's happening again so that means somebody is taking a lot of gold in physical delivery and it's coming from London so we don't know who that is it could could be the US government preparing for an audit of Fort Knox you know we could speculate about that um but either way it means the price of gold is moving up and that's probably going to continue for the foreseeable future so that


Segways into my next question which is about silver I was just mentioning my kids dance competitions you know silver is below gold in the in the medal or the awards category the Olympics everywhere in dance categories too so but right now silver is looking like an attractive buy is that correct yeah I think so definitely so while gold is at its all-time high over $3,000 an ounce silver is still below its all-time high so you could think of it as being on sale it's almost like a 33% discount so


if if you like the product you know it's better to buy it on sale and that's definitely silver right now and historically silver outperforms gold during these bull runs so it does ultimately rise a lot more in price however you pay the price of volatility so if you're not happy seeing the ups and downs day-to-day in your portfolio maybe silver isn't a good fit for you also you tend to have to wait longer to experience those gains but they are bigger over time so I think gold and


silver are both attractive right now I have both in my portfolio and uh they're both good picks for most people Allan if I go to Golds silver.com can I physically buy bullion uh from you or a big brick or a big brick or a nose ring or something like that you can yes if you go to Gold silver.com you can buy coins and bars of gold and silver they're all investment grade so you're not going going to buy you're not going to get scammed you're not going to buy anything that looks like it's you know


investment grade gold but then it's actually only a tiny fraction of gold no we don't do that on our website at all there's no Collectibles you don't have to worry about numismatic value it's all investment grade stuff you can even get stuff for your IRA if you do it before April 15th uh will you me a favor will you promis to come back on our show we do not have an official big Biz show Gold person and what you were just able to explain to me someone who's got nothing but cement between his ears not


gold I'm like all right I know exactly what he's talking about yeah will you come back on with us please I would love to thank you so much alen hiber precious medals and alternative money specialist goldsilver.com is his website