Unofficial Transcript
” Good point Cody every city has the other low income for area so yeah I did in your own backyard folks — I in my diamond district today — this. Goal. The precious metal ending the week above a thousand bucks un counts just below record highs. Over this past summer my next guest in the diamond district predicted it. The price of — would break a thousand. You pretty good prediction not what he needs a similar prediction will be for the others. Back in 2003. This but for the price of gold shot up it was about 400 in forty bucks I think. At that time when he made that prediction. Today he — a new prediction and this one is even older. Then the last one. James DiGiorgio author of the traders great gold price. Joins me now in the diamond district — you watch — morons talking about gold on this show who isn’t talking about — it seems like everybody’s doing it. There commercials they’re saying hate investing — do this thing called. You know he worries me only because this is what we had in the in the dot com. Intestine is this dot com that dot com we know what happened there and then housing everybody got suckered into that and we know what happened there. Is schooled the next bubble well I.”

” It is not next — fact is that makes it the only safe haven you can really go in sales I tell everybody that that. — well listen. I tell everybody that gold from the beginning of time has been the best insurance against the greed and stupidity of politicians. And I don’t think there’s been more greed and stupidity going out of Washington that we’re seeing. Going on today. And does so I don’t think this is a transient events I think we’re on a long term. Collision course would — weaker dollar. And that between now and the next five years reducing gold’s first jump to 2000 and then to 5000. And I hope. At that point to some fiscal sanity — send an that we would actually moved down instead of — filled.”

” That’s the prediction that I was talking about folks the bold prediction you’re saying Golden’s going to go to 5000. In two to three years I hope I’m wrong. But that’s your prediction that’s my prediction is we stay on this course of printing printing money we — pals — If we stay on the scores 5000 may be low. As far as the predict okay I’m always looking out for the main streeters out there Tony and — are the traders you know Wall Street guys and how MI a as the main street person an average you know Jane investor had a why invest in gold and in what. Cool queens of marvel plot.”

” Fortunately there’s different ways you can invest even by the ETF like State Street. And do it as a proxy. I’m very pro life rather you actually own — and the government has done one thing that you can do you can buy gold in an IRA. And it can be put into a depository that’s completely non fungible so that if the bank where the depository goes under it actually almost a — the bank.”

” Also it’s not FDIC insured but you actually get that try image shorts — so the government prints the gold should I be worried about that.”

” And allow that they strike the gold and which should understand is is that — in such short supply but the men can’t keep up.”

” With the golden men but if they can print money they can — Goldman I have to actually have a — it’s not any strike could –”

” Paper is very easy again gold is very hard to get.”

” All these commercials that I see on TV should I be going through those venues I mean you know we can’t we get someone not from gold mine — that it’s very legit — company is at a good route for people to go through our technical LaBroque grinch. ”

” Well not. I would never — a competitor in anyway and if you stick with gold one and you want to go ahead investment goal line. And stick with the American Eagles and come get detoured into any proxy for gold. Like where — that and make sure you get possession of the gold and don’t but it didn’t take any type of program where they’re holding it for you.”

” Okay I’m gonna have you back — because our name we don’t have time I wanted to get into the whole liquidity issue because there. Not as live when it gets a lot of people see a — dollars or less liquid gold.”

“I loved the precious metals and rare coin business. It took me literally all over the world. I made friends in many of the top Swiss, Hong Kong and British Banks. I established business and banking connections in France, Belgium, Netherlands, Italy, Norway, China and Thailand, every step of the way deepening my understanding, not only about rare coins and precious metals, but the economics of the world’s financial markets.”

-James DiGeorgia