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: It’s always a pleasure to be here and what a fantastic opportunity there is in gold right now. Hugely undervalued, and I strongly recommend to people this is the time to diversify your portfolio in solid gold. Gold you can touch. Gold you can actually hold on to.

In today’s gold show, we’re going to explain the advantages of having precious metals in your portfolio, especially in the turbulent times we’re witnessing with our own economy and even in the stock market.

Larry Marino: We’ll get into that. Also on the program today another opportunity for our listeners to receive information free a normal $80 value, the Gold Guide. Our listeners are going to get it free when they call, right?

Jonathan Rose: Absolutely! They just have to pick up the phone right now and call us toll free, 1-800-510-9594. Again folks that number for your free gold guide, its an education on how to invest in gold, which gold coins and bars will give you a better return in the future – or if you have an IRA or a 401K, how to protect it with precious metals It’s all in there! Again you can get it just by calling us toll free at 1-800-510-9594. That’s 1-800-510-9594.

Larry Marino: Well Jonathan, as you know the turbulent swings continue on Wall Street. One day it’ll be up, the next day it’ll be down. It’ll be down again and people are left scratching their heads — what can they do? You almost get numb watching some of these business channels. Your reaction.

Jonathan Rose: Well I think everyday it’s more of the same and people really have to ask themselves, where can I put my money? Where can I place my hard earned dollars where I know it’s going to be safe, it’s going to store its value and I don’t have to wake up in the middle of the night pulling my hair out wondering if I’m going to lose my whole portfolio the next day. Well that’s why there’s such a huge flight to safety and security with gold. Gold is a safe haven. It’s a place where people are shifting to when they’re concerned about inflation. Gold is the only asset that’s kept pace with inflation.

People are also shifting to gold when they are concerned that the stock market may be in a downturn, which it is right now. So with the down markets, with the double-digit returns not being available for everyone to grab right now, just as Warren Buffet stated, that’s why people need to have a diversified portfolio not just for this year but also for the next four to five years. Realizing that, hey folks the US soil is going to continue to fall and as it falls you better have something from the other side of your portfolio which is going to balance out the heavy sinking dollar. And that balance on the other side is pure solid gold that you get to hold on to. I’m talking about American Eagles, Canadian Maple Leafs. Or maybe you like the older gold. Gold coins minted before 1933, which make them non-confiscatable, non-reportable, and in fact, the last private form of an investment left in America today where big brother isn’t watching you.

So if you want to know how to invest in gold and how to get started today, simply call the Capital Gold Group at 1-800-510-9594. Be sure to ask for your free gold guide when you call in. It will show you how to get started, how to buy gold coins, how to protect IRA’s, it’s all in there. Again folks that number is 1-800-510-9594 and they can also see us online at www.safeasgold.com.

Larry Marino: I’m talking with Jonathan Rose from the Capital Gold Group.

Many people ask, okay, is it too late? Has everybody shifted into gold and is the price driven up to the point where can’t get in? You’re here to tell us that it’s not too late, is it?

Jonathan Rose: Absolutely not. We’ve seen some retreats in the gold market. We’ve seen the price lowered down to about the seven hundred fifty dollar range for the spot price of gold, which is remarkable! Because if we were to adjust the price of gold for inflation, well gold should actually be over $2000 an ounce and that would put oil over $200 a barrel, which large companies out there are actually expecting it to reach. So gold is very undervalued right now. so is silver, under $10 an ounce. I think silver is a terrific buy. I see a lot of upside for silver especially for the $60.00 range. People have been asking me a lot about platinum because it is down to the $800 price range. Palladium is also underneath $200. So there are lots of opportunities in precious metals right now. It’s not just gold. I am a big believer of adding silver, adding platinum, adding palladium.

And if you haven’t thought about this before and just want to know more information, you want to get educated, you want to get the facts, and we have it all included in our insiders guide to owning precious metals and gold. They can get that today just by calling us at 1-800-510-9594. Don’t procrastinate, that number again folks is 1-800-510-9594.

Larry Marino: Jonathan there may be people who’ve gotten the latest statement on their IRA and are wondering what’s going on. I know the quarter ended recently and those statements are arriving in the mail. Some of them are getting some sticker shock because they’ve lost value. People are concerned about asset preservation. What would you say about the IRA’s and the 401k’s out there?

Jonathan Rose: Well it’s a known fact that a lot of people have lost a lot of money in their IRA’s and 401k’s. The negative index on how well these portfolios and IRA’s have been performing haven’t really met anyone’s expectations this year. That’s why there was an interesting article only a few months ago in the Wall Street Journal where investors are seeing a golden opportunity (excuse the pun) flocking to IRA rollovers, and it’s just a question of education, because a lot of people aren’t aware that it’s government approved to roll over an existing IRA into an IRA backed by solid gold. It’s still an IRA, you still get your statements but rather than being invested in different mutual funds or whatever your company put you in, you actually have physical tangible gold. Wealth you can actually touch that is being stored in a depository for you. We actually use a depository called Delaware Depository. They’re in Wilmington Delaware. They’re licensed by the biggest commodity exchanges. They’re licensed by Comex and New York Mercantile Exchange. That’s where a lot of the big other brokerage companies park all their assets. It’s definitely a way forward.

It’s one of the easiest ways to get started by simply by rolling over an existing IRA. You can do it now. It’s been featured a lot in the news and if you haven’t found out how to do it, the Capital Gold Group will actually walk you through the process, very simple.

And the first step in the process is just to get the information. It’s free and that way we can help you get started and that number is 800-510-9594. You’ll get the gold guide; it’s normally an $80 value. It will show you how to purchase gold at the lowest possible prices, how to take physical possession gold and briefly what I just talked about, how to protect an existing IRA. It’s all in there.

Larry Marino: Jonathan what are the experts saying as far as the next six months, year, year and a half? We hear these testimonies in Congress from a former Fed chairman who says he made some mistakes. He thought that the banking industry would have the best interest for the shareholders in mind but apparently they didn’t. What does all this portend?

Jonathan Rose: Well I mean for gold, and I can definitely speak for gold right now, its great news! I mean Bloomberg just released an article the other day quoting by Paul Walker, he’s the chief executive officer of the London based research company GFMS, and they believe gold can jump up to a $1000 an ounce by the end of this year and I’m sticking to that number. I think by the end of the year we will see gold surge to $1000, even beyond that! It can happen overnight. It happened overnight before with a $100 jump.

Don’t get left out when that happens because it is going to happen. And that’s why people are diversifying in gold to the point and to the extent where the US mints have now horded thousand of gold coins to the public because the demand has completely outstripped the supply. So I know, based on supply and demand, based on the economy, rising inflation and all the uncertainty, these are very good factors and indicators, if you would, that the price of gold will continue to rise. So I think $1000 an ounce is very realistic.

Don’t call in once it’s a $1000 an ounce, you want to buy it now while it’s relatively low still and then you can see these gains just hop through within the next couple of months. So if you want to get started in gold you’re looking for that preservation, call now at 1-800-510-9594. Get you’re free gold guide, learn how you can protect your IRA, how you can take possession of physical gold. Whether it’s the older gold coins you’re looking for that are non-confiscatable, non-reportable. Whether you’re looking gold coins such as the American eagle or maybe even Swiss gold bars! We have them right here at the Capital Gold Group, and it’s as simple to get started as calling us at 1-800-510-9594.

Larry Marino: Certainly, an unsettled economy out there. Jonathan Rose from the Capital Gold Group, you have been helping many of our listeners for many, many years. What are some of the things listeners to the Gold Show call you and ask you? What are some questions you get?

Jonathan Rose: Well I think a very frequently and commonly asked question, people always ask, “Jonathan what is the difference from purchasing a gold coin, like an American eagle versus buying gold stocks in a company?” It’s a very good question and my answer to people is this: When you invest in a gold share or gold stock mining company, well first of all, you’re investing in the probability of that company. The probability of that company depends on the management. So really, first of all, you’re investing in the management team. And who knows who they are. We don’t know! We don’t have their full background information. Plus, if they don’t mine any gold out of the ground, you as a shareholder don’t make any money. So there’s a couple of variables involved when you purchase a gold mining company that can actually hinder the results if you’re looking for profits in that field.

Now if you’re looking for safety and security, and you’re looking to have something tangible you can touch that’s just based on the value of the content of the gold, that’s why people take physical possession. It’s a lot safer. What I like about taking physical possession of the gold, you don’t have to worry about who is the CEO of the gold market or what direction they are going. Gold is independent of all the markets. So if the stock market is having a bad day, if Iran fires a test missile and we’re up in arms and it makes the dollar shrink, these are all bad effects for the US economy but for gold, well that’s looked at as a flight to safety and security. Nothings safer in this day and age than actually holding on to your money rather than it be somewhere in cyber space which can be lost at any given day or time and that’s be proven since 9-11.

Larry Marino: Jonathan we’ve seen huge swings in gasoline prices. They are starting to come down but it seems that food prices and airlines are still going way up. This inflation is just eating away at the very dollars we have. Talk a moment to the recent retirees who maybe invested too heavily into Wall Street and need to balance their portfolio.

Jonathan Rose: Well you know, you bring up a good point not just about balancing your portfolio but the word inflation. It’s an ambiguous word and it can creep in and overwhelm you without you even realizing it. With inflation it makes our consumer goods more expensive every year, so maybe a candy bar that costs us a dollar, well next year maybe it cost us a $1.17. If we look at the US Dollar right now and compare it against a basket of other currencies for the past year, it’s actually shrunk by 8.3%. That’s how much the US dollar has shrunk. Now according to our government, inflation right now is at 3.9%. I actually believe it’s higher than that, but we’ll take that sticker for now. So that 3.9% inflation and the 8.3% of the shrinking of the US dollar, that number equates to 12.2%. Well that number represents what your investments must yield annually before you even start making any money! So if you’re not making better than 12% annually, guess what! You’re not even keeping up with the shrinking US dollar or with the rates of inflation.

And if you listen carefully to people like Warren Buffet, there’s a reason why he stated that the days of double-digit returns are over. There’s a reason for that. Just like there’s a reason why Warren Buffet purchased the two largest gold manufacturing companies in America today. Why? He sees long-term value. He sees long-term growth and this is how he protects his shrinking dollars by owning gold. Now obviously, we don’t have to purchase a gold manufacturing plant to diversify our portfolios but we do want to diversify. That’s the key word here. So you want your stocks, you want your bonds but guess what? You also want a percentage of that in gold, physical gold that you get to hold on to. That’s what I’ve been trying to teach and help educate people on the importance of not just the diversifying gold but taking possession of it, using it to back up your IRA. This is true preservation of wealth and we have it right here at the Capital Gold Group.

Larry Marino: Let’s take a moment now to invite everyone listening to get the information into their hands so that they can learn about gold. And if they’d like to get started today and begin building a portfolio - Jonathan, that’s as easy as picking up the phone isn’t it?

Jonathan Rose: Absolutely Larry, they can call us toll free at 1-800-510-9594. When they call in, they’ll be greeted by one of our friendly gold specialists and they will send you out our $80 gold guide for free! It will show you how to purchase gold at the lowest possible prices, which gold coins and bars will give you a better return in the future and also how to protect that important IRA or 401k of yours. Again folks, the number for the free gold guide is 1-800-510-9594. Again that’s 1-800-510-9594. They can also see us online at www.safeasgold.com.

Larry Marino: Jonathan, in addition to the markets, we still have the housing problem with mortgages. Single family home prices fell at a record rate in August. What should people think when they see the housing prices drop and they’re wondering where to put their money. What should they be doing?

Jonathan Rose: Well some people look at it one of two ways. People who have purchased these houses and now they’re upside-down in their loans because maybe they were in an interest only loan, the markets dropped and the house value is worth less than the house. These people are either in a ‘sit and wait’ type of attitude or unfortunately maybe they’re even going through foreclosure.

So some people look at it in one of two ways. One way people are looking at the real estate market as a buying opportunity where they can buy in now and maybe the market will go down even further, we don’t know. I think it personally will, but even people who are purchasing property right now - I mean property is always good to own but the only downside right now is, how long will you be tying that money up for? If you go into real estate there’s the cost of taxes for the house, there’s the cost of maintenance for the house, there’s lots of costs involved in buying a house. It isn’t as simple as just purchasing a house, there’s the upkeep. It can get very costly. So how long are you prepared and able to maintain these costs because then it can become what is known as a dead asset, which is an asset that you’re purchasing but it’s costing you money for you to own.

Where you look at gold on the other side, it’s looked at as a safe haven. It helps protect and fight against inflation. Real estate won’t do that for you. So these are the reasons you want to have a diversified portfolio. If you can take advantage of the real estate market, purchasing real estate, you’re never going to be sorry owning land or property. And you want to be diversified in stocks and papers, make sure you’re not too heavily involved in paper. That’s why a good financial planner or advisor will recommend anywhere from 5 to 20 percent of your net worth to be moved sideways into precious metals, particularly gold which is going to hedge you against inflation and protect you again these uncertainties that we’re witnessing in our markets today.

Larry Marino: Jonathan, you say now is a good time to get in. There’s been a little drop back in the price from spikes and there’s human behavior. When gold started going up into the mid nines and right in the thousand dollar level for a little while, people were jumping in thinking now’s the time to buy - I better get in. Well now is really the time to buy because it has more upside potential, doesn’t it?

Jonathan Rose: It really does and it’s ludicrous thinking but it’s just human nature. When gold hits a thousand, believe it or not, that’s when we’ll be the busiest because the amount of publicity that gold’s getting. But don’t buy it at a thousand, get in before a thousand. Buy gold bullion today at 750 dollars an ounce. My strong belief and opinion is gold will soar and continue to rise above a $1000 an ounce by the end of this year and we will see gold at $3000 to $4000 and ounce in the next three to five years.

I’m not alone in this way of thinking. There’s many very well respected people that are saying between $2000 to $5000 an ounce for gold. There’s traders running around right now screaming, “Cash is trash! Cash is trash!” And obviously they’re joking when they say that but the slight seriousness they’re trying to get across to people is that this is the year right now where you want to be diversified and you want to be holding on to tangibles. Something heavy - something that if you drop it and it hits your foot, you say ouch! They’re talking about gold. This is the time to get involved. We’ve got a great booklet we put together — great educational information to help you make a decision on how to get started with gold. Whether it’s taking physical possession, whether it’s protecting an IRA, we’ve got it all in there. And they can get that today for free just by calling us at 1-800-510-9594. Again that’s 1-800-510-9594. They’ll get the free gold guide it’s normally an $80 value and again it’s theirs courtesy of the Capital Gold Group when they call in today.

Larry Marino: Jonathan, you’re really seeing a flight to safety and a flight to precious metals. You have had the phone ringing over there off the hook. Let me ask you this, with the markets dropping down, how come people this time are not rushing back into the Wall Street market?

Jonathan Rose: Well I think people are seeing the huge volatility swings and they are asking themselves – do I get back in just yet? Do I wait? A lot of people are still running for cover. A lot of people I know have a lot of money tied up in these banks that either got bought out or they’ve gone bankrupt. Well people are still trying to get to their assets. There’s hundreds of millions of dollars right now that are still frozen and people are trying to fight to get their money back because of the liquid credit crunch that’s going on globally right now. And that’s why it’s so important in this day and age, don’t just be diversed 100% in US bank dollars. You want to diversify that portfolio. You’ll never be sorry owning some gold, owning some silver, putting it away in a safety deposit box or keeping it somewhere safe. That’s peace of mind and it’s portable wealth that you can take with you at anywhere at anytime.

Larry Marino: How easy is it to get started? What do you do? Do we have some listeners that have called in and have said, ok I’ve heard you talk about this and it’s time to buy, what’s going to happen? How am I going to do this?

Jonathan Rose: Well the first step is simple; it’s picking up the phone, giving us a call at 1-800-510-9594. We have friendly gold specialists standing by right now to take your call. If you want to purchase gold right now, I recommend whether it’s the pre-1933 non-confiscatable, non-reportable something like a Saint –Gaudens, or whether you want an American Eagle, Canadian Maple Leaf, even if you purchase one gold coin, everybody should have some gold on them. Because if you’ve never held or owned gold before, it’s a new experience that can be very beneficial to you. In fact, holding a coin in your hand, the weight of it, the beauty of it - I mean these things you hold on to them, you realize this is real money, this is worth something. Not only do they make great presents for the holidays but it’s something that’s probably going to be worth more the next year and the following year and so on and so forth.

Larry Marino: Yea, you mentioned the holidays, this is the time to do this. We talked last holiday about getting gifts for relatives, grandkids, family members and a whole slew of people called and bought gold. We compared that to people who bought candy or something else and other toys and gadgets. Many of those things are broken where as the gold went up.

Jonathan Rose: Gold always goes up. Even as presents I give gold coins and silver coins to people. My friend, their baby turned two years old - everybody came around with toys, which I saw him [child] take out the packaging and throw the toys on the floor and play with the box instead. Then I gave his father a gold coin to put away for him because as he gets older that coin is going to be worth more and more. That’s the point with gold it really is preservation of wealth. They do make great gifts. They are beautiful pieces to hold on to.

Larry Marino: Right.

Jonathan Rose: But they actually gain in value year after year and gold has a track record. It has thousands of years’ track records. That’s why you’ve had members of the royal families and heads of state who have been holding gold for centuries. It’s no secret.

Larry Marino: What would you recommend for a nice holiday gift coming up here? What could people buy and how could they do it?

Jonathan Rose: Well even for people who are on a budget right now can purchase 10^th ounce American Eagles. I think they’re between $60 to $70 a coin and the come in great little packaging, a blue velvet box from the government. They’re very beautiful coins. Any gold that you’re going to be giving as a present, I think is going to be appreciated and liked. We have different coins from around the world. International coins, not just Americans, European coins as well.

So if you want to call in and you do have some background knowledge about gold coins and you’re looking for specific coins- or maybe you’re looking for a rarity. We have everything here to do with gold at the Capital Gold Group. If you’re a first time buyer and you want someone to help walk you through the steps and process, with no pressure, you’ll feel comfortable and understand exactly what you’re purchasing and what you’re obtaining by getting gold.

Give us a call. We’re here to help you. Our number again folks is 1-800-510-9594. We have friendly gold specialists standing by right now and also don’t forget to ask for you’re free gold guide. It’s normally an $80 value and it’s going to be free for all the listeners today when they call us at 1-800-510-9594.

Larry Marino: We’re in that final minute Jonathan. We want everyone listening to get the gold guide free today. Your chance to get the information to tell you about gold and how it works. Also, with the holidays coming up, as Jonathan mentioned, what a great present! Something that will last and last. Something that’s true value.

Please pick up the phone and do this now before the holiday rush. As you mentioned, with jewelry and other things gold’s usually driven up a bit from that. Let’s again share the number and invite the listeners to pick up the phone one last time and get the gold guide or get started with gold today. And balance out their portfolios and think about the holidays, what’s that number Jonathan?

Jonathan Rose: Ok, that number folks in 1-800-510-9594. Ok I’m going to give it to you once more, 1-800-51-9594.

Larry Marino: Jonathan Rose, thanks so much. Jonathan Rose is CEO and president of the Capital Gold Group, precious metals analyst. Thank you, Jonathan.

Jonathan Rose: Thank you.

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