Capital Gold Group

Larry Marino: It’s time for the Gold Show. Jonathan Rose, CEO, President of the Capital Gold Group and precious metals investment strategist is with us today.

Jonathan Rose: Well it’s always a pleasure to be here and try to make sense for our listeners amidst all the turmoil that we’re witnessing in the market.

Larry Marino: Certainly a lot of news that is somewhat unsettling. You just look at some of the headlines that are in the papers this week, as far as the Dow continuing to fall. The term deflation is in the news. I understand that prices are actually coming down on some items but people aren’t buying.  Jonathan, a lot to talk about on the program — plus I understand a major purchase of gold by one country, plus your forecast for the next few weeks on gold. Before we do that though, can we share with our listeners the gold guide? Can we get free copies to our listeners today?

Jonathan Rose: Absolutely! And that number folks for the free gold guide, it’s normally an $80 value and it’s going to show you how to purchase gold at the lowest possible prices, which gold coins and bars will give you the best return in the future. If you have an IRA or a 401k you can now protect it with gold. It’s all featured in there.  They can get it by calling us toll free at 1-800-510-9594. Again, that’s 1-800-510-9594. They can also visit us online at www.safeasgold.com.

Larry Marino: Jonathan, let’s get into it. A lot to talk about.  Let’s first start with the $700 billion bailout bill. There are complaints that some of this money has been spent and the banks aren’t really opening up lending and they are wondering what’s happened with it. We also heard a story about the treasury secretary changing the rules on this bailout. Originally, they were going to buy up loans now they are going to shore up banks. Tell us what’s going on there.

Jonathan Rose: Absolutely, I feel like I want to talk about it. I really want to get this off my chest because is it just me, or have they tried to do the old switch-a-roo on us where they granted all this money to be put into the marketplace and then another news event was covered - maybe it was a change in the weather. All of a sudden there’s a 180 degree turn and this money isn’t being spent where we first thought it was being spent.

So today, after the $700 – $800 billion that was granted, about $250 billion of that money has gone to the bank. Now the banks as you said, they are not lending right now, so all they are doing is keeping this money on their balance sheets and that’s what it is right now. This money is on their balance sheets and it hasn’t stimulated the economy.  It’s hasn’t done anything in fact.  I think a stimulus package will really help this country more than anything. They need to take that $700 – $800 billion and give it to every single citizen here in the United States and with that money they should turn around and purchase gold with it because that is a value of wealth. It’s not going to lose value and in fact it’s going to be worth more over the next coming years as the dollar continues to decline and as this economic tsunami keeps going.

Larry Marino: Jonathan, markets down - a term of the word that I hadn’t heard before, deflation, where things are actually costing less than they did before but nobody is buying. Talk about that event.

Jonathan Rose: Well deflation is basically the opposite of inflation, so rather than consumer goods getting more expensive, with deflation creeping in that means that the dollar is going to be gaining more in value. This is just starting to happen or starting to be talked about. It really isn’t stimulating the economy.

In fact when you’ve got the 3 largest car manufacturers going to Capitol Hill requesting money from the government, otherwise they could be going under.  Imagine a company like Ford or Chrysler or GM going bankrupt, obviously the government wouldn’t do that and step in and that’s why they’re demanding stricter guidelines for businesses to where this money goes.

At the end of the day, we are in disarray and if you look at other countries right now, for instance, Saudi Arabia is a huge buyer of gold. It’s such an oil rich country.  Obviously they’ve got to do something with that money and their flight to safety and security is with gold.  In fact, Saudi investors have spent $3.47 billion on gold in a recent two-week period.  Now on a ratio to a GDP basis that’s like investors in the US spending $131 billion dollars in two weeks, so something is going on over in Saudi Arabia that is startling a lot of people.

This safe haven that people are really gravitating towards is gold because it really is preservation of wealth. Throughout today’s’ show and even on previous shows, we’ve been educating our listeners to add gold to their portfolio. It’s definitely not too late to do it if you haven’t done so already. In fact, our listeners can call in right now and find out how they can add gold to their portfolio just by calling us at 1-800-510-9594. Again that’s 1-800-510-9594. Get your free gold guide and learn how you can simply put gold into your hand, very simply!

Larry Marino: Let’s get everyone the gold guide. Again Jonathan, what is the number for the gold guide?

Jonathan Rose: That number folks is 1-800-510-9594. Again 1-800-510-9594. You’ll call in, you’ll be greeted by our friendly gold specialists and they’ll send you out this $80 gold guide.

And boy, are we in for some bad times right now. Now I don’t want to be a pessimist out there, but it’s a prudent man that foresees danger and prepares.  Like we’ve been telling people, every couple of years you want to take your hard earned dollars and make sure that they are parked in the right vehicles.  I’m not saying put everything into gold.  That obviously, would not make sense.  But you definitely want to take a percentage of that and if you’re working with a financial planner and he’s not recommending gold to you, first of all, ask him or her why.

Secondly, a good financial planner will recommend anywhere from 5 to 20 percent of what you have in paper to be moved sideways into precious metals that you get to hold on to.  In fact, there was a recent article in the Wall Street Journal that showed investors a golden opportunity with IRA’s, and it’s just a question of people not being aware that you can protect your retirement with solid 24 karat gold. It’s very easy to do so. If you want the information, you can call in right now at 1-800-510-9594 and you can start protecting those retirement dollars today.

Larry Marino: Jonathan, apparently a flight to safety taking place here. I’m holding in my hand a newspaper headline that says, ‘Markets in Panic Mode — Continued Fall Undoes Years of Gains  — Batters Hope’.  This really says something to everyone out there that has their broker, who’s going to tell you to take it on the chin and keep taking those losses. The rules are being rewritten here, aren’t they?

Jonathan Rose: Well they are because it’s not people’s financial portfolios taking losses. It goes a bit deeper than that.

I have a lot of friends throughout Europe who worked very high up at these very prestige companies, whether it be Merrill Lynch or Morgan Stanley, and the rug is just being pulled up from underneath them because they are just laying off tens of thousands of people in the city right now - especially in London, England, my hometown. I mean it’s terrible out there. The people that are coming out of these city jobs and they’re looking for more work, they’re not looking for more work in the city- it’s that dead. And a lot of them are scratching their heads and saying to themselves- well after 11 years of service with this company, what do I do now? Where do I go?

There are a lot of uncertain times and scary times ahead of us right now.  My approach right now is bunkering down and pulling the belt tight and limiting your expenses.  Don’t let your upkeep be your downfall.  Know where your money is being parked right now.

And if you have an IRA or 401k, keep track of it.  Especially if it’s parked in a mutual fund because a lot of these mutual fund IRA’s have been losing double-digit losses this year.  In fact, Warren Buffet who recently purchased the two largest gold manufacturing companies in America said that the days of double-digit returns are over.  That’s why Warren Buffet purchased gold because it’s a way of diversifying his portfolio.  Not only that, he also sees long term value and growth in gold just like we do.

And at the Capital Gold Group, we’ve been helping people protect their wealth for many years now. If you haven’t done so already and you wanted to get started in precious metals, whether it’s gold or silver, now’s definitely the time to do so. You can get educated and even get started today just by calling us here at 1-800-510-9594. Request the free gold guide.  It’s normally an $80 value. The listeners get it for free today when they call us at 1-800-510-9594.

Larry Marino: Jonathan, with the news we’re watching it really makes sense to be a prudent and wise investor. Take a look at what’s happening to your investments and work to preserve the wealth that you’ve earned.  It’s slipping away right in front of so many people.

Jonathan, a story that you wanted to share here about a Saudi purchase of over $3 billion in gold in the last couple of weeks.  What’s going on here?

Jonathan Rose: Well over in the Middle East right now, there are millions if not billions of dollars they’ve got right now from all their oil reserve money.  They’re not putting it into the stock market.  They’re not putting it into more real estate. They’re putting it into gold at a staggering amount. In fact, the amount of gold they purchased in the past two weeks, which was $3.47 billion, has really raised some eyebrows.

I remember when I used to go around and do these trade shows and gold seminars and I remember being at the Wynn Hotel in Las Vegas, and we were there with the CitiGroup people, the Merrill Lynch people, and they were walking around - a group of traders came up to me and said, “Well we’ve got a few hundred million dollars we would put it into an ETF, why would we put it into gold?” and what they meant by ETF is you can purchase gold through the electronically traded fund, where the gold is held in a pool and you own a  percentage of that. You never actually own the gold, you never really do.  It’s just a piece of paper but you’re buying into a gold pool.  So they would say to me, “we could put all this money into these gold ETF’s.” and I said to back to then “Well, let me ask you this. These Sheik’s, these Saudi’s, members of the royal family as well over there, they’re not buying ETF’s they’re putting their money into physical gold” and then one of the traders turned around to me and said, “You’ve got a point, you know”.

And this is exactly what I’m talking about, when economic turmoil, when we’re threatened with a slow down in the economy or a recession - if you’re looking for a safe haven, the safest way to invest into gold is to physically hold on to it yourself.  Then you’re owning the commodity, you’re owning something tangible you can touch, and it’s actually in your hand.  Don’t forget, that’s portable wealth that you can take with you absolutely anywhere at anytime.

And in terms of recommendations for gold, whether people are buying American Eagles or South African Krugerrands or even the older gold coins - gold coins minted prior to 1933 simply because those gold coins are non-confiscatable, non-reportable. You don’t need a social security number when you purchase them or when you sell them, making them really the last private form of an investment left in America today. If you want to know more about private gold and how you can add it to your portfolio right now, they can call us here at the Capital Gold Group at 1-800-510-9594. You’ll be greeted by our friendly gold specialists and they will send you out a gold guide. It’s normally and $80 value and they’re going to get it free today when they call us at 1-800-510-9594. Again that’s 800-510-9594.

Larry Marino: We’re talking with Jonathan Rose. He is the President and CEO of the Capital Gold Group. He is with us as we do The Gold Show. Jonathan, what seems to be the trend now with gold? For a while it was back into the seven hundred something’s and there appears to be another spike going up now.

Jonathan Rose: Absolutely and in fact, gold today jumped up fifty dollars and this is basically on news that unemployment figures are actually on the rise and a combination of the world wide affect of the credit crunch that’s currently going on. The sheer fact that gold has been in the mid-seven hundred dollars and it’s back into the eight hundred dollars, it’s still extremely under valued.

In fact, there’s an article that’s going around on the Internet.  I watched it myself.  It was from a news channel and they’re talking about in London, the Comex market, where gold is traded.

They’re talking about Comex could be fought in December due to short selling positions that they’ve left themselves- a matter of exposure. They’re talking about the Comex market could be fought next month, if that happens, people are saying that gold could sky rocket immediately to $2000 an ounce. Now there’s a lot of hearsay out right now about this but regardless of if this happens or not, I truly believe that gold should already be at two to three thousand dollars an ounce. The price of gold is being manipulated and it’s being held down way below its actual current value. Gold is very undervalued, especially under a $1000 an ounce. I think before the end of this year, I’m still sticking to my guns, and I think we’re going to have a huge spike in gold and see it hit a thousand dollars by the end of this year still.

Larry Marino: Jonathan, what steps can we take now? Obviously, we’re getting those letters in the mail.  I just got one from one of the accounts I have that shows some deterioration in it. You can basically what - get out and move and cut your losses now or ride it down? What do you predict is going to happen? We just don’t know.

Jonathan Rose: Well unfortunately no one has a crystal ball but we do know that as President Elect Obama was mentioning before things get better, they’re going to get worse. Really this administration that’s about to leave office and hand over to the new office, I think they’re just trying to step out of the mess as quickly and cleanly as they can to leave it to the next president to fix.  Boy, he has a very long process, in terms of doing this.

As the economy is in an economic slow down and as we are in a recession as people clearly state, you really want to be very well diversified.  I’m not saying don’t invest in the stock market, that’s what spurs our economy, investing in our stock markets, just don’t be 100% invested in paper.  You really want to have a balanced portfolio.

So whether you have your stocks, your IRAs, maybe some CD’s or maybe just some cash that’s sitting around - you also want to add another piece of pie to that puzzle and that extra piece of pie is gold, physical gold that you get to hold on to.  Whether it’s gold coins, whether it’s gold bars, whether you hold it in your IRA or 401k - now is the time to do it.

There’s a reason why Wall Street traders are running around screaming, “Cash is trash! Cash is trash!” to everyone because they are trying to tell everyone this is the year you don’t want to be in cash liquid assets, you want to be in tangible.  Something heavy, something you can hold on to and they are talking about gold. We have it here.  We can get it into your hands immediately. You can get educated by calling us at 1-800-510-9594.  Get your free gold guide, it’s normally $80, it comes with a great DVD.  It’s going to cover a lot of the facts we are talking about on today’s show.  And again it’s yours free when you call us today at 1-800-510-9594.

Larry Marino: Jonathan, how is the world supply of gold for those who want to buy it?  I understand for a while it’s actually been quite tight.

Jonathan Rose: The supply of gold has been extremely tight.  This is something that I’m extremely concerned about because a lot of the gold that we’re able to get, a lot of the American gold too, comes from Europe believe it or not.  Whether it’s coming out of Paris or Belgium, a lot of International European banks are the main gold suppliers around the world for other companies.

Now the word out there is that things are getting tighter and tighter and there may be a point in the next few months where there could be a shortage of gold like there was just a couple of months ago. When that happens you’re going to see prices and premiums continue to rise because then it goes on a supply and demand basis. Whether demand is completely outstripping the supply, I said to one of the traders “Well, what do you think is going to happen when the gold runs out?” he looked at me deadly seriously and says, “Everyone will start buying silver.” So I think there’s a lot of upside potential for silver too. People are talking sixty dollars and ounce in the next couple of years. So it’s extremely undervalued just as gold is extremely under valued right now. If you haven’t learned or already added gold as a part of your portfolio now’s definitely the time to do it.

Larry Marino: We’re talking with Jonathan Rose, from the Capital Gold Group. Jonathan, how do people get started? What is the number they call? You mentioned there’s some precious metals specialists standing by. They can actually make a purchase now. They can move assets over and get into gold, can’t they?

Jonathan Rose: They can. They can start immediately just by calling us at 1-800-510-9594.  We do have gold.  We have a huge inventory that changes every single day.  In fact, if you try to go to the US mint websites or even other companies, there’s clear disclaimers on there saying that the gold could take four to six weeks to get delivered because they don’t have the gold right now, people aren’t selling it.  We’re a very well established company. We have the gold.  We have a huge inventory that we change every single day.  We’re able to accommodate all of our clients.  There really is no four to six week wait for people who get their gold with the Capital Gold Group.  It’s pretty much immediate delivery. We ship it out insured courier to our clients.  In terms of keeping the gold, we recommend getting a safety deposit box.  Whether it’s at the bank, or whether you have a private safe at your house, it’s real money, it’s real wealth - you want to keep it somewhere safe.

There’s a certain peace of mind while holding gold.  Especially when you pull it out and maybe show a friend or just look at it yourself.  The first reaction is, “Wow!  Its heavy”.  An ounce of gold is heavy, it’s unbelievable. You kind of weight it up and down in your hand and you realize this is real wealth.  It has value to it. Unlike the paper dollars that continue to shrink month after month right now.

Larry Marino: We’re told that the holiday shopping season may be very bleak but I’m thinking maybe a good opportunity to buy some gold for your relative for this holiday season. That way you’d be in a better position possibly.

Jonathan Rose: Absolutely. I think Christmas retail is going to be a big bust this year. But in terms of giving someone a present that is going to be worth something, hold its value and have it next year where it’ll probably be worth even more, you should really look at giving a gift of a gold coin or even a silver coin. They make great presents. The holidays are coming up and around the holidays the price of gold always goes up just based on jewelry demand. But that’s not really what’s going to push the prices beyond a $1000 right now — it’s the sheer economic mess that we’re in and the flight to safety and security. Gold is like one of those cooking pots right now, it could literally explode any day. In fact, last time I said that it went up a hundred dollars the next day. So really the message is — “Now’s the time to purchase gold”.

Larry Marino: And Jonathan if you want to get out of gold, you could also do that, you’re willing to buy the gold that you sell.

Jonathan Rose: Well that’s a good point because we are a buyer as we are a seller. In fact, all of our gold, we know the authenticity of it and we would prefer to buy our own gold back because we know it’s pure gold. Like I said, gold is getting very hard to get ahold of right now. That’s important too because some people say there’s a local coin shop down the road and I can buy from them. You have to realize, they will sell you whatever they have on their shelf. They have to clear their inventory. Plus, if you purchase fifty or a hundred thousand dollars worth of gold coins from them, when everything breaks down and falls apart - are you going to be able to sell that gold back to them and get the money if you need it? Well like I said, we are a buyer as we are a seller and we guarantee to buy back our gold at full market value with no commission or fees.

Larry Marino: Well let’s give the number because there’s people listening that should at least get started with the gold guide. Do not wait any longer. Don’t watch your investment portfolio slip away like it is. At least get the information then you can get started. For those who want to make a purchase today, they can also do that. Let’s share the number to invite folks to get the gold guide.

Jonathan Rose: Absolutely, that number folks is 1-800-510-9594. Again 1-800-510-9594. Get your free gold guide, find out how to purchase gold at the lowest possible prices, how to protect those crucial dollars in those IRAs and 401k’s- it’s all in there. It’s yours free just by calling us at 1-800-510-9594.

Larry Marino: Jonathan Rose from the Capital Gold Group. Let’s talk about those letters that we get. Those reports on our investments, we see them slipping away yet you call your broker and they say, “Hang tight. Don’t touch it. It’ll be fine”. Then you see it drop another five hundred. Didn’t it drop 10% in the last couple of weeks?

Jonathan Rose: I mean we’re at a historical low. The way the market is right now trading where it is, below eight thousand. It’s very scary. And people telling you to hold tight, it’s funny because the people who are telling us to hold tight are the same people who are trying to sell their stocks and get out.

I always tell people this little story about gold- the value of gold versus the US dollar. I tell people, imagine we’re back in the year 1920.  In that year 1920 if you took a twenty dollar gold piece and a twenty dollar bill, they were both worth the same back then. In fact, they would both buy a man a brand new suit. Now today that same twenty-dollar gold piece, which is a one ounce gold coin, is worth over eight hundred dollars an ounce, that’s the price of gold. It would still buy a man a brand new suit today yet that twenty-dollar bill wouldn’t even buy you a tie for your suit. That analogy right there, it’s kind of like a light bulb comes on above peoples’ heads and they realize that yes, the value of the US dollar has really lost value year after year. But if you track it and look at the history of gold in comparison, it hasn’t lost value. It’s maintained it’s value and if anything it’s continued to rise. That’s the flight to safety and security that these sheik Saudi investors are seeing right now and putting their oil money into because that’s preservation.

Larry Marino: Right and you’re saying us, as average investors, we can do a flight to safety as well. Let’s spend our final minute here getting this information into our listener’s hand. It is vital that you take control of your portfolio and get the information on precious metals and gold. Call the Capital Gold Group right now. Learn about it. If you’re ready to buy, make that purchase today. What is the number that they can call?

Jonathan Rose: That number folks is 1-800-510-9594. That’s 1-800-510-9594. They can see us online at www.safeasgold.com. When they call 1-800-510-9594 they’ll get the free gold guide, it’s an $80 value. Get educated because now is the time to add gold to your portfolio.

Larry Marino: Jonathan Rose, thanks so much. Jonathan Rose is CEO and President of Capital Gold Group and precious metals investment strategist. Thank you, Jonathan.

Jonathan Rose: Thank you.