Thank you for the informative interview. Is SWP thinking of securing its supply chain with DNA marking?. I have seen some use cases for diamonds, where they combine the DNA marking with blockchain technology. Thanks

I've read through most of this thread and haven't spotted any reference to www.bullionvault.com or www.glintpay.com or www.revolut.com. Bullion Vault is one of the world's largest gold custodians and enables the purchase and storage of gold, silver and platinum bullion in multiple jurisdictions. The bullion is certified genuine, fully insured, independently audited, individually allocated and fully redeemable for fiat currency. Glint is a prepay Mastercard where you can instantly convert fiat (US$, GBP, EUR) for gold and vice versa. You can effectively spend your gold using the card. Revolut is similar to Glint (Visa instead) but you can also convert your gold to crypto including Bitcoin, Etherium and Litecoin as well as multiple fiat currencies. I own gold bullion using all three to reduce counterparty risk. There are alternatives to the services offered by SWP.

This is not promotional, but we’ll leave a link anyway. Right. Anyway, I enjoyed the conversation.

I have a question regarding the premium on gold bullion. Back in 2019 I was purchasing 1oz eagles for $50 premium above spot price. Since COVID the 2 dealers in town have raised the prices to $130+ premium. They keep telling me that this is due to short term supply shortage. Does anyone have any information about whether this is a global increase in price? Is it temporary? Should I wait it out or just suck it up and pay the extra premium because it's the new normal?

Excellent questions and answers. Will follow up shortly as I intend to use SWP. Thanks guys.

Excellent presentation. Thanks. DLS

a good honest interview from a vested interest, usually when you ask people who sell gold about gold they go off in Schiff mode.... printer go brrrrr, Weimar Republic, 10,000 USD..........a refreshing approach.

Enjoyed this interview Raoul and Mark. Thanks. ? Out of curiosity, is it possible to be totally off the radar - if a government wanted to track gold purchases, they could look at transaction details on a bank account? Gold dealers/vaults can offer privacy but there is still a money trail? Unless cash is used? Still, the withdrawal and transportation (via air) of cash is monitored. I believe in Australia, transactions under $10,000 were not reportable to the government (by the gold dealers). May have changed since I was told that (about 10 years ago). Would have thought there was gold vault in the Caymans a long time ago with all the pirates in the region ...?

Mark - Thanks for the great interview. Which one oz bar or coin do you recommend for platinum?

Hi what's the level of insurance held on gold in storage? is 100% of the value insured - thanks

Mark, out of interest, is it possible and/or practical for you to take delivery of my physical gold holdings (stored in Canada), for storage in the Caymans, or would the better approach be to sell it and re-buy from you?

Lot of great questions clarified. Thank you Raoul and Mark. Good stuff.

What is stopping the US or another larger nation arriving on the island and deciding to confiscate the holdings within the vault/s?

I have honest question. Are investors some how protected / insured should the owners of the vault skip town or the vault be breached in some other fashion?

Thank you, this was very interesting and informative.

Gen4 fakes out of East Asia that pass the magnetic susceptibility test (they perfectly counter the paramagnetism and dimagnetism of other materials), xray test (only works for purity of the surface material which could be a plating), and density test would have to fail the ultrasound test because it's impossible to create any combination of materials that can pass all 4 tests. However, most of the western bullion dealers haven't been educated yet that they need to include the ultrasound test for this reason. I've corresponded with three different precious metal dealers, and not a single one of them even knew what I was talking about. They're all using magnetism and xray and some are using density. Only the vaults in Europe, China and Singapore seem to be doing this test because of the amount of fakes out there. Who knows how many of them have made their way to North America in the last 2 years. Meanwhile, taking delivery from the comex is not an option because the contract spec states a delivery can be satisfied by 99.5% purity which is unacceptable. Mark Yaxley did a video on youtube on how they test and that didn't even mention the ultrasound test or show the apparatus for it. I'd like to see him confirm that SWP does non-destructive ultrasound assay on every bar coming in and out of the vault. The apparatus is very affordable and should be used on kilobars or larger. Refiners with insufficient smooth surfaces to enable testing should be avoided. It's becoming a major problem, bullion dealers don't understand the physics, and first-time precious metal buyers need to be aware of this.

FYI check out PAXG, gold backed crypto on the Ethereum blockchain. It’s actually a good use case of blockchain. Might be easier and perhaps less risky than owning outright.

My understanding is that different coins have different level of purity of gold. I just checked it again online and seems like that’s correct, in the interview there was a question of if there is any difference between the coins and its not just their popularity but the actual gold content. The popularity may actually be deceiving. “The Big Four 1-ounce gold bullion coins and estimates of their total production, not including proof and other special mintages, are: The South African Krugerrand — production about 60 million. The coin, the first gold bullion coin introduced, in 1967, was created to market the metal produced in South Africa. It was quickly accepted but its imports to many international markets diminished in the 1970s and ‘80s because of boycotts protesting South Africa’s apartheid. The U.S. government banned its import in 1985. That ban ended after apartheid ceased in 1991. The coins are made of 22k, or 91.67% pure, gold. The Canadian Maple Leaf — production unknown. One source says 23 million were struck from 1979 to 2013, but the Royal Canadian Mint says it does not release production figures for bullion products. The second bullion coin introduced, it was struck in 22k gold in 1979, 1980, and 1981. After that, the purity was increased to 24k, or 99.99% gold. The American Gold Eagle — production about 18.7 million. The first U.S. gold bullion coin was struck in 1986 and quickly became the most popular bullion coin with U.S. investors. It is produced in 22k. The American Buffalo — production about 600,000 coins. The United States Mint’s answer to the 24k Maple Leaf was first struck in 2006 and quickly gained acceptance in America.”

To be clear. there is a price diffetence in trading coins based on the mint produced and % of gold While slight, can.maple leafa are 999.9% gold...us eagles are 91.7% gold. BTW Krugarrands are 91.67% gold.

The Argentine crisis was in 2000. I was running a business in Buenos Aires at the time and I cannot tell you the impact that crisis had on everyone (including me - it changed me for ever.) There were three categories of Argentine citizen through that crisis: (i) The 5% - those that had their savings in US$'s in US banks in Florida (who didn't lose a cent); (ii) The 20% i.e. the middle classes - that had their money in US$'s in US banks in Argentina (screwed - had their savings frozen and forceably converted to devalued pesos); (iii) The 75% (everyone else) - with Peso accounts in Argentine banks (also screwed - savings frozen and devalued). After that experience, i decided that if this is ever to happen again (as it must), i want to be part of the 5% (which is why my savings are in physical gold).

Great, thanks for the exposure. Can we do an episode on resource shares, advantages and risks.

Of all the choices I researched for purchase and storage of physical gold that included allocated and importantly segregated by name SWP is one of the better ones. After further research however and if this point important to some, I decided on Pax Gold by Paxos because it allows conversion of the physical gold via a digital platform. This was important to me because not only did I want the physical component as a store of currency value, I wanted the ability in times of chaos/stress to easily convert that holding into some form of purchase value without having to physically retrieve the gold which in those times would likely be nil. The Paxos platform does that by linking the Pax Gold digital token (blockchain) equal to 1 troy oz into another digital medium such as bitcoin or ethereum. While in its infancy, Paxos and there are others, I believe will over time become the standard in monetizing physical gold holdings which cannot be readily done today except in dollars and requires numerous middle men and fees every which way you look. Finally at least for now Pax Gold charges no storage fees. Literally I was about to purchase with SWP when I ran across a Paxos interview with RP on RV. In the end its really all about why you are purchasing physical gold such as store of value, currency/inflation hedge, or an insanity hedge like a nut in the WH !! etc. Just a thought..

50 minutes on PMs , including a lot on the direction of the market, and not one mention of real interest rates!

There are a couple post below addressing cap gains tax, stating that in the US, some one ounce coins are not subject to CGT because they are legal tender; another questioning the premium for such coins. I'd like to push back on the basic assertion and ask for any knowledgeable persons to comment. I'm no expert, but I never heard that, for example, the US Eagle is CGT free because it's legal tender. I have read of a couple legal actions taken against businesses that tried to pay their employees in Eagles, valuing them at their legal tender stamp of $50, thereby trying to minimize declarable income and it's tax. This strongly implies the gov't doesn't give convenient treatment to these coins based on legal tender status. Further, again, no expert, but if Eagles were free of CGT while Pandas, Maple Leafs, etc., were not, I'd expect to see a material premium for Eagles, and I have not. I don't buy the assertion that legal tender gold coins are free from CGT. Can anyone provide evidence that they are, or confirm my concerns are legit?

So, you're saying - how do we know the metal is genuine? A- buy from a reputable dealer. How do we know the storage is safe from internal and external thefts? A - store with a reputable storer. If we want to buy PMs, we have to learn to trust! If we have cash in the bank, the government guarantees it. There is no equivalent with PMs, or crypto of course. I'd still buy both but this is the situation.

Great content. The sponsor of GLD says it is 100% backed by gold in vault in London. It seems that closes part of the gap between physical and paper gold, doesn’t it? And, if enough want withdrawal they will deliver the physical (clearly logistics and costs involved). What significant advantages remain with physical? Seems wealth confiscation can happen either way. U.S demands records from all countries, like they’ve done with bank accounts in countries like Lebanon. U.S government knows where all the vaults are. Thanks.

As a partial answer to RP's question about why someone would prefer a particular gold coin or bar over others: 1. Liquidity. Some coins, especially krugerrands and sovereigns, are highly liquid and you can trade them anywhere in the world with no difficulty. There are still places in the world where sovereigns are used for transactions. 2. Proof of genuineness. Coins are harder to fake and easier to test. One of the most accurate tests of a coin, and also one of the simplest and cheapest, is the ping test. If you balance a coin on the tip of your finger and tap it with something metal, the ring is very distinctive. There are apps such as Bullion Test (I think this is Android only, but there are probably equivalents on iPhone) where you can select from a couple of dozen of the most common gold and silver coins, ping the coin, and the app will compare the frequencies and tell you whether it is genuine. 3. Tax. As other comments have noted, depending on where you live, some coins count as currency and are free of CGT.

Before 23rd.,March this year the Bullion Banks surpressed the price of Gold and Silver through dirivative scams between the spot and futures markets. This is a long story, well documented in the alternative media. The banks had never lost money until the disruption to the Precious Metal supply chains caused by Covid caught them naked short. The scamble to prevent defaults on the Comex, and loss of credibility, has resulted in finally turning the Comex into a scource of real, rather than paper, metal. Check out the deliveries for Gold in April, June and August, and for Silver in May and July. This has been the real driver of higher prices especially for Silver in these recent months, and higher prices have created more demand. (no demand when Silver was in the bargain basement for years). By the way, Raoul, you expressed surprise that the Economist and other MSM never report on Bitcoin, it's the same with Precious Metals, all reporting has a negative slant,. The powers that be will never give oxygen to the competitors to Fiat.

Gold Eagles and Buffalo Gold coins are legal tender and therefore not taxable in the United States vs. a Gold Maple Leaf coin.

Mark: I have bought gold through SWP and have recently set up a segregated storage account, and as you said in the video the time from purchase to delivery can be quite long. I am also arranging with you guys to move some of precious metals down to the Cayman facility. I don't know legally or security wise what you guys can do, but with the travel restrictions it would be great if you could provide virtual/zoom access for customers to complete the circle so to speak

Amazing interview with Mark and Raoul thanks for the knowledge have a great weekend real vision team

The best summary of how to invest and own gold I have ever seen

Thank you Mark for sharing your insight and knowledge. I’m a US Citizen domiciled in Wisconsin. Can a self directed IRA buy and store gold with your organization? Mike Schoendorf

One of the best videos I have ever watched. Great one.

Thanks for this video. There are a couple of additional points which I would have like to have seen discussed: - Are CGT-exempt coins (due to their legal tender status in certain jurisdictions) better value than bars, despite their higher premiums/spread? - Comparison of verification and storage between physical metals and bitcoin (which anyone can verify at very low cost by running a full node).

The FAQ states that on sale of gold: "We will remit the proceeds to you by bank wire or check. " Is there a crypto option?

Very interesting and many additional questions come to mind. The FAQ states: "we accept Bitcoin as payment for orders of any size. We also accept other Top 20 cryptocurrencies and tokens for orders above $100,000 USD in value. we rent safe deposit boxes for the cold storage of cryptocurrency wallets and other storage devices." It would be interesting to hear what percentage of customers pay for their Gold in crypto and what the crypto preference is. Also, whether this the use of crypto as payment is accelerating.

Brilliant 10/10 😀

Sorry - correction it was Yusko/Bennington interviews

It’s not possible to buy gold or silver with China’s new digital Renminbi.

I would very much like to see a similar video on digital currency’s . There is so much talk about owning digital currency and I hit a wall whenever I ask brokers how to execute such trades.

Great interview Raoul

The best part of this video is that I was and I am a gold bull but this video has made me a crypto bull... I do not why but I finished watching and about some cryptos...

I'm learning alot from Andrew W's comments on this video as they are great questions.

Thanks, For the update