{"version":"1.0.0","segments":[{"speaker":"Average Joe Finances","startTime":1.351,"endTime":3.931,"body":"Hey, Welcome back"},{"speaker":"Average Joe Finances","startTime":1.351,"endTime":3.931,"body":"to the Average Joe Finances podcast."},{"speaker":"Average Joe Finances","startTime":3.931,"endTime":8.341,"body":"I'm your host Mike Cavaggioni, and"},{"speaker":"Average Joe Finances","startTime":3.931,"endTime":8.341,"body":"today's guest is Dana Samuelson"},{"speaker":"Average Joe Finances","startTime":8.341,"endTime":9.541,"body":"with the American Gold Exchange."},{"speaker":"Average Joe Finances","startTime":9.546,"endTime":12.241,"body":"So Dana, I am super excited"},{"speaker":"Average Joe Finances","startTime":9.546,"endTime":12.241,"body":"to have you on the show."},{"speaker":"Average Joe Finances","startTime":12.571,"endTime":13.981,"body":"Thank you so much for joining me today."},{"speaker":"Dana Samuelson","startTime":14.741,"endTime":15.371,"body":"Thank you, Mike."},{"speaker":"Dana Samuelson","startTime":15.371,"endTime":16.571,"body":"I'm honored to be here with you."},{"speaker":"Average Joe Finances","startTime":17.051,"endTime":17.711,"body":"Absolutely."},{"speaker":"Average Joe Finances","startTime":17.711,"endTime":22.271,"body":"Hey, I wanna kick this off the same"},{"speaker":"Average Joe Finances","startTime":17.711,"endTime":22.271,"body":"way I start every podcast episode,"},{"speaker":"Average Joe Finances","startTime":22.661,"endTime":27.311,"body":"and that is by learning more about"},{"speaker":"Average Joe Finances","startTime":22.661,"endTime":27.311,"body":"you and who you are, what you do."},{"speaker":"Average Joe Finances","startTime":27.561,"endTime":30.406,"body":"This will help me out and it'll help"},{"speaker":"Average Joe Finances","startTime":27.561,"endTime":30.406,"body":"my audience out to learn a little"},{"speaker":"Average Joe Finances","startTime":30.406,"endTime":32.626,"body":"bit more about who Dana Samuelson is."},{"speaker":"Average Joe Finances","startTime":32.681,"endTime":36.251,"body":"Speaking of, who is Dana"},{"speaker":"Average Joe Finances","startTime":32.681,"endTime":36.251,"body":"Samuelsson, please share your story."},{"speaker":"Dana Samuelson","startTime":36.523,"endTime":36.973,"body":"Thank you."},{"speaker":"Dana Samuelson","startTime":36.973,"endTime":40.943,"body":"So I guess the easiest way to sum"},{"speaker":"Dana Samuelson","startTime":36.973,"endTime":40.943,"body":"it up is I was, I got out college"},{"speaker":"Dana Samuelson","startTime":40.943,"endTime":45.753,"body":"in 1980 with a German degree, and I"},{"speaker":"Dana Samuelson","startTime":40.943,"endTime":45.753,"body":"was completely unhirable because of"},{"speaker":"Dana Samuelson","startTime":45.753,"endTime":48.033,"body":"high interest rates, high inflation."},{"speaker":"Dana Samuelson","startTime":48.523,"endTime":52.153,"body":"I couldn't get a job anywhere, much"},{"speaker":"Dana Samuelson","startTime":48.523,"endTime":52.153,"body":"like most graduates who got outta"},{"speaker":"Dana Samuelson","startTime":52.153,"endTime":57.323,"body":"college in 2008, 2009, 2010, when the"},{"speaker":"Dana Samuelson","startTime":52.153,"endTime":57.323,"body":"economy was, in, in the tank because"},{"speaker":"Dana Samuelson","startTime":57.323,"endTime":61.433,"body":"of the great financial crisis, I ended"},{"speaker":"Dana Samuelson","startTime":57.323,"endTime":61.433,"body":"up getting a job working in a vault."},{"speaker":"Dana Samuelson","startTime":62.393,"endTime":65.663,"body":"A precious metals company that my"},{"speaker":"Dana Samuelson","startTime":62.393,"endTime":65.663,"body":"brother worked for because I could"},{"speaker":"Dana Samuelson","startTime":65.663,"endTime":68.123,"body":"be trusted to handle the merchandise."},{"speaker":"Dana Samuelson","startTime":68.633,"endTime":71.453,"body":"So I literally started in"},{"speaker":"Dana Samuelson","startTime":68.633,"endTime":71.453,"body":"the precious metals industry."},{"speaker":"Dana Samuelson","startTime":71.453,"endTime":73.583,"body":"If it were a restaurant, it"},{"speaker":"Dana Samuelson","startTime":71.453,"endTime":73.583,"body":"would've been the kitchen"},{"speaker":"Dana Samuelson","startTime":73.583,"endTime":76.733,"body":"sink, and I got my lucky break."},{"speaker":"Dana Samuelson","startTime":77.533,"endTime":78.743,"body":"Two years later, I."},{"speaker":"Dana Samuelson","startTime":79.018,"endTime":83.968,"body":"When I got a job offer from Jim"},{"speaker":"Dana Samuelson","startTime":79.018,"endTime":83.968,"body":"Blanchard, who was the man who was most"},{"speaker":"Dana Samuelson","startTime":84.298,"endTime":88.738,"body":"personally responsible for the private"},{"speaker":"Dana Samuelson","startTime":84.298,"endTime":88.738,"body":"re legalization of gold ownership in"},{"speaker":"Dana Samuelson","startTime":88.738,"endTime":96.118,"body":"the United States in 1974, when we went"},{"speaker":"Dana Samuelson","startTime":88.738,"endTime":96.118,"body":"off the gold to dollar peg in 1971."},{"speaker":"Dana Samuelson","startTime":96.658,"endTime":99.803,"body":"Jim understood, the dollar"},{"speaker":"Dana Samuelson","startTime":96.658,"endTime":99.803,"body":"would lose purchasing power."},{"speaker":"Dana Samuelson","startTime":99.803,"endTime":102.833,"body":"So he started the grassroots"},{"speaker":"Dana Samuelson","startTime":99.803,"endTime":102.833,"body":"movement to get private"},{"speaker":"Dana Samuelson","startTime":102.833,"endTime":104.753,"body":"ownership of gold re legalized."},{"speaker":"Dana Samuelson","startTime":104.903,"endTime":109.073,"body":"It was illegal to own gold in the"},{"speaker":"Dana Samuelson","startTime":104.903,"endTime":109.073,"body":"United States from 1933 to 1974."},{"speaker":"Dana Samuelson","startTime":109.343,"endTime":112.728,"body":"Jim was successful and then"},{"speaker":"Dana Samuelson","startTime":109.343,"endTime":112.728,"body":"people said where do we buy"},{"speaker":"Dana Samuelson","startTime":112.733,"endTime":113.658,"body":"this now that we can buy it?"},{"speaker":"Dana Samuelson","startTime":113.663,"endTime":116.773,"body":"He said I'll sell it to you by"},{"speaker":"Dana Samuelson","startTime":113.663,"endTime":116.773,"body":"1980, he had the largest mail"},{"speaker":"Dana Samuelson","startTime":116.773,"endTime":118.243,"body":"order coin company in the business."},{"speaker":"Dana Samuelson","startTime":118.243,"endTime":121.693,"body":"So I spent 10 years with Jim in"},{"speaker":"Dana Samuelson","startTime":118.243,"endTime":121.693,"body":"the eighties and early nineties,"},{"speaker":"Dana Samuelson","startTime":122.173,"endTime":124.003,"body":"and I became a senior trader."},{"speaker":"Dana Samuelson","startTime":124.523,"endTime":128.483,"body":"I spent 50 million or more of his money"},{"speaker":"Dana Samuelson","startTime":124.523,"endTime":128.483,"body":"with the industry and some of my peers"},{"speaker":"Dana Samuelson","startTime":128.483,"endTime":132.263,"body":"now are, we've all risen to heights in"},{"speaker":"Dana Samuelson","startTime":128.483,"endTime":132.263,"body":"the industry that we never fathomed,"},{"speaker":"Dana Samuelson","startTime":132.263,"endTime":136.373,"body":"we might've been able to do back in"},{"speaker":"Dana Samuelson","startTime":132.263,"endTime":136.373,"body":"the day, but this is all I've done for"},{"speaker":"Dana Samuelson","startTime":136.733,"endTime":139.013,"body":"43 years in my professional career."},{"speaker":"Dana Samuelson","startTime":139.593,"endTime":140.518,"body":"I'm pretty good at it."},{"speaker":"Dana Samuelson","startTime":140.953,"endTime":142.903,"body":"I've painted myself into a golden corner."},{"speaker":"Dana Samuelson","startTime":142.903,"endTime":144.283,"body":"Don't ask me to do much else."},{"speaker":"Average Joe Finances","startTime":144.473,"endTime":147.293,"body":"That's a good pun"},{"speaker":"Average Joe Finances","startTime":144.473,"endTime":147.293,"body":"right there, painted into a golden corner."},{"speaker":"Average Joe Finances","startTime":147.413,"endTime":148.013,"body":"I like that."},{"speaker":"Dana Samuelson","startTime":148.283,"endTime":148.343,"body":"Yeah."},{"speaker":"Dana Samuelson","startTime":148.343,"endTime":149.483,"body":"But that's exactly it."},{"speaker":"Dana Samuelson","startTime":149.483,"endTime":151.463,"body":"So I'm married, I've got two kids."},{"speaker":"Dana Samuelson","startTime":151.673,"endTime":153.563,"body":"I'm an older man, and I've"},{"speaker":"Dana Samuelson","startTime":151.673,"endTime":153.563,"body":"got a five-year-old daughter"},{"speaker":"Dana Samuelson","startTime":153.563,"endTime":154.613,"body":"and a 10 year old son."},{"speaker":"Average Joe Finances","startTime":154.663,"endTime":155.293,"body":"There you go."},{"speaker":"Dana Samuelson","startTime":155.348,"endTime":156.098,"body":"That's who I am."},{"speaker":"Dana Samuelson","startTime":156.338,"endTime":156.458,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":156.468,"endTime":158.028,"body":"They'll"},{"speaker":"Average Joe Finances","startTime":156.468,"endTime":158.028,"body":"keep you young though, so"},{"speaker":"Average Joe Finances","startTime":158.028,"endTime":159.138,"body":"you got that going for you."},{"speaker":"Dana Samuelson","startTime":159.618,"endTime":160.218,"body":"Oh, they do."},{"speaker":"Dana Samuelson","startTime":160.218,"endTime":160.698,"body":"They do."},{"speaker":"Average Joe Finances","startTime":160.698,"endTime":161.088,"body":"That's great."},{"speaker":"Dana Samuelson","startTime":161.088,"endTime":162.138,"body":"It's so much fun."},{"speaker":"Dana Samuelson","startTime":162.378,"endTime":162.648,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":162.798,"endTime":163.368,"body":"That's awesome."},{"speaker":"Average Joe Finances","startTime":163.368,"endTime":163.578,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":163.578,"endTime":166.558,"body":"I have, I have two kids 13 and 11, and."},{"speaker":"Average Joe Finances","startTime":167.553,"endTime":168.873,"body":"They are awesome."},{"speaker":"Average Joe Finances","startTime":168.873,"endTime":171.213,"body":"But man, those teenage years, woo."},{"speaker":"Average Joe Finances","startTime":171.363,"endTime":171.963,"body":"Let me tell you."},{"speaker":"Dana Samuelson","startTime":172.233,"endTime":172.443,"body":"Yeah."},{"speaker":"Dana Samuelson","startTime":172.443,"endTime":173.583,"body":"I'm not looking forward to it."},{"speaker":"Dana Samuelson","startTime":173.583,"endTime":175.453,"body":"And you're in the thick"},{"speaker":"Dana Samuelson","startTime":173.583,"endTime":175.453,"body":"of it good luck with that."},{"speaker":"Average Joe Finances","startTime":175.458,"endTime":175.613,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":175.613,"endTime":175.973,"body":"Thank you."},{"speaker":"Average Joe Finances","startTime":175.973,"endTime":176.423,"body":"Thank you."},{"speaker":"Average Joe Finances","startTime":176.428,"endTime":177.653,"body":"I'm working through it though, okay."},{"speaker":"Average Joe Finances","startTime":177.653,"endTime":178.523,"body":"So that's awesome."},{"speaker":"Average Joe Finances","startTime":178.538,"endTime":183.068,"body":"Now I've had people come on the podcast"},{"speaker":"Average Joe Finances","startTime":178.538,"endTime":183.068,"body":"before and talk about precious metals"},{"speaker":"Average Joe Finances","startTime":183.458,"endTime":187.988,"body":"and, one of the things that I like"},{"speaker":"Average Joe Finances","startTime":183.458,"endTime":187.988,"body":"about it is just, How much you can"},{"speaker":"Average Joe Finances","startTime":187.988,"endTime":189.658,"body":"use it to hedge against inflation."},{"speaker":"Average Joe Finances","startTime":189.708,"endTime":192.798,"body":"But you also talk about it from a"},{"speaker":"Average Joe Finances","startTime":189.708,"endTime":192.798,"body":"different aspect, which I think is"},{"speaker":"Average Joe Finances","startTime":192.798,"endTime":196.818,"body":"gonna be great for my listeners because"},{"speaker":"Average Joe Finances","startTime":192.798,"endTime":196.818,"body":"a lot of the folks that listen to"},{"speaker":"Average Joe Finances","startTime":196.818,"endTime":198.888,"body":"this podcast invest in real estate."},{"speaker":"Average Joe Finances","startTime":200.113,"endTime":204.043,"body":"We talked a little bit off camera"},{"speaker":"Average Joe Finances","startTime":200.113,"endTime":204.043,"body":"about this, so I'm really excited"},{"speaker":"Average Joe Finances","startTime":204.043,"endTime":209.113,"body":"about your version of why owning"},{"speaker":"Average Joe Finances","startTime":204.043,"endTime":209.113,"body":"precious metals is important if"},{"speaker":"Average Joe Finances","startTime":209.113,"endTime":210.043,"body":"you're a real estate investor."},{"speaker":"Average Joe Finances","startTime":210.043,"endTime":213.753,"body":"So if you could if we could just dive in"},{"speaker":"Average Joe Finances","startTime":210.043,"endTime":213.753,"body":"a little bit deeper into that if you could"},{"speaker":"Average Joe Finances","startTime":213.758,"endTime":215.463,"body":"share that with me Dana, that'd be great."},{"speaker":"Dana Samuelson","startTime":216.048,"endTime":216.828,"body":"Absolutely."},{"speaker":"Dana Samuelson","startTime":217.048,"endTime":219.478,"body":"We're in an inflationary"},{"speaker":"Dana Samuelson","startTime":217.048,"endTime":219.478,"body":"environment, which we haven't been"},{"speaker":"Dana Samuelson","startTime":219.478,"endTime":220.828,"body":"in since the seventies, right?"},{"speaker":"Average Joe Finances","startTime":220.948,"endTime":222.028,"body":"A significant one."},{"speaker":"Dana Samuelson","startTime":222.298,"endTime":223.288,"body":"A significant one, right?"},{"speaker":"Dana Samuelson","startTime":223.288,"endTime":223.888,"body":"A real one."},{"speaker":"Dana Samuelson","startTime":224.278,"endTime":228.238,"body":"Now, when in when inflation's 2% or"},{"speaker":"Dana Samuelson","startTime":224.278,"endTime":228.238,"body":"less like it's been for most of the,"},{"speaker":"Dana Samuelson","startTime":228.238,"endTime":232.618,"body":"the 20 teens, you don't really feel"},{"speaker":"Dana Samuelson","startTime":228.238,"endTime":232.618,"body":"it, but what the cycle we're going"},{"speaker":"Dana Samuelson","startTime":232.618,"endTime":234.028,"body":"through now, everybody's feeling it."},{"speaker":"Dana Samuelson","startTime":234.028,"endTime":235.418,"body":"So what's that really mean?"},{"speaker":"Dana Samuelson","startTime":235.913,"endTime":239.123,"body":"The dollar continues to"},{"speaker":"Dana Samuelson","startTime":235.913,"endTime":239.123,"body":"lose purchasing power."},{"speaker":"Dana Samuelson","startTime":239.123,"endTime":242.843,"body":"It's not that gold is going up so"},{"speaker":"Dana Samuelson","startTime":239.123,"endTime":242.843,"body":"much in price, it's that the dollars"},{"speaker":"Dana Samuelson","startTime":242.843,"endTime":247.313,"body":"that we buy gold with or other things"},{"speaker":"Dana Samuelson","startTime":242.843,"endTime":247.313,"body":"is just losing more and more value."},{"speaker":"Dana Samuelson","startTime":248.153,"endTime":252.503,"body":"So I think real estate's one of the"},{"speaker":"Dana Samuelson","startTime":248.153,"endTime":252.503,"body":"best inflation hedges you can have"},{"speaker":"Dana Samuelson","startTime":252.513,"endTime":255.503,"body":"because it, it goes up with real estate."},{"speaker":"Dana Samuelson","startTime":255.503,"endTime":259.143,"body":"You've all seen your property values"},{"speaker":"Dana Samuelson","startTime":255.503,"endTime":259.143,"body":"going up and your rents go up, right?"},{"speaker":"Dana Samuelson","startTime":259.743,"endTime":263.013,"body":"It's a great inflation hedge because"},{"speaker":"Dana Samuelson","startTime":259.743,"endTime":263.013,"body":"they're not making any more land."},{"speaker":"Dana Samuelson","startTime":263.113,"endTime":265.388,"body":"They can build more houses,"},{"speaker":"Dana Samuelson","startTime":263.113,"endTime":265.388,"body":"but they can't build more land."},{"speaker":"Dana Samuelson","startTime":265.688,"endTime":269.498,"body":"Precious metals are similar in that it's"},{"speaker":"Dana Samuelson","startTime":265.688,"endTime":269.498,"body":"really hard to get gold out of the ground."},{"speaker":"Dana Samuelson","startTime":269.678,"endTime":274.298,"body":"It's a limited supply in a growing"},{"speaker":"Dana Samuelson","startTime":269.678,"endTime":274.298,"body":"pie of people to accumulate it, right?"},{"speaker":"Dana Samuelson","startTime":274.303,"endTime":275.528,"body":"So it's a dirty business."},{"speaker":"Dana Samuelson","startTime":275.558,"endTime":277.268,"body":"It takes a lot to get"},{"speaker":"Dana Samuelson","startTime":275.558,"endTime":277.268,"body":"gold outta the ground."},{"speaker":"Dana Samuelson","startTime":277.748,"endTime":282.848,"body":"What gold really has that almost no"},{"speaker":"Dana Samuelson","startTime":277.748,"endTime":282.848,"body":"other asset class has real estate"},{"speaker":"Dana Samuelson","startTime":282.848,"endTime":286.028,"body":"included, is no counterparty risk."},{"speaker":"Dana Samuelson","startTime":287.603,"endTime":290.993,"body":"You don't have to depend upon that,"},{"speaker":"Dana Samuelson","startTime":287.603,"endTime":290.993,"body":"an ounce of gold to do anything"},{"speaker":"Dana Samuelson","startTime":290.993,"endTime":292.443,"body":"but be an ounce of gold, right?"},{"speaker":"Dana Samuelson","startTime":292.553,"endTime":294.383,"body":"And it's universally recognized."},{"speaker":"Dana Samuelson","startTime":294.383,"endTime":297.953,"body":"It's true, portable, transferable wealth."},{"speaker":"Dana Samuelson","startTime":298.313,"endTime":300.023,"body":"That's really what gold is."},{"speaker":"Dana Samuelson","startTime":300.443,"endTime":304.013,"body":"And silver too, although silver"},{"speaker":"Dana Samuelson","startTime":300.443,"endTime":304.013,"body":"takes up a lot more room for the same"},{"speaker":"Dana Samuelson","startTime":304.018,"endTime":309.323,"body":"amount of value, and what gold is an"},{"speaker":"Dana Samuelson","startTime":304.018,"endTime":309.323,"body":"excellent hedge against is inflation."},{"speaker":"Dana Samuelson","startTime":309.473,"endTime":317.288,"body":"If you look at gold over the last 20, 23"},{"speaker":"Dana Samuelson","startTime":309.473,"endTime":317.288,"body":"years, It's averaged about 7% or 8% gains"},{"speaker":"Dana Samuelson","startTime":317.348,"endTime":324.308,"body":"annually, average now on an annual basis"},{"speaker":"Dana Samuelson","startTime":317.348,"endTime":324.308,"body":"in almost every currency around the world."},{"speaker":"Dana Samuelson","startTime":324.308,"endTime":328.268,"body":"Now it's lumpy because it could go"},{"speaker":"Dana Samuelson","startTime":324.308,"endTime":328.268,"body":"up 10, 15% one year and drop five"},{"speaker":"Dana Samuelson","startTime":328.268,"endTime":333.828,"body":"or 10% the next, but if you track"},{"speaker":"Dana Samuelson","startTime":328.268,"endTime":333.828,"body":"our debt, our governmental debt,"},{"speaker":"Dana Samuelson","startTime":334.838,"endTime":339.248,"body":"The gold prices actually tracked"},{"speaker":"Dana Samuelson","startTime":334.838,"endTime":339.248,"body":"the debt higher on a very consistent"},{"speaker":"Dana Samuelson","startTime":339.248,"endTime":342.218,"body":"basis over the last 20, 25 years."},{"speaker":"Dana Samuelson","startTime":342.728,"endTime":345.488,"body":"And I think the fundamental"},{"speaker":"Dana Samuelson","startTime":342.728,"endTime":345.488,"body":"point about the debt is this."},{"speaker":"Dana Samuelson","startTime":346.628,"endTime":355.028,"body":"From 1795 to 1995, 200 years, the US"},{"speaker":"Dana Samuelson","startTime":346.628,"endTime":355.028,"body":"accumulated $5 trillion in debt and in"},{"speaker":"Dana Samuelson","startTime":355.028,"endTime":362.003,"body":"the last 28 years, We've multiplied that"},{"speaker":"Dana Samuelson","startTime":355.028,"endTime":362.003,"body":"six more than sixfold to over 30 trillion."},{"speaker":"Dana Samuelson","startTime":362.003,"endTime":367.763,"body":"Our debt has exploded, and this is why the"},{"speaker":"Dana Samuelson","startTime":362.003,"endTime":367.763,"body":"gold price has gone up in dollars, because"},{"speaker":"Dana Samuelson","startTime":367.763,"endTime":373.793,"body":"it's tracking the debt it's holding, its"},{"speaker":"Dana Samuelson","startTime":367.763,"endTime":373.793,"body":"purchasing power where the dollar is not,"},{"speaker":"Dana Samuelson","startTime":374.363,"endTime":378.503,"body":"and what gold and silver really allow"},{"speaker":"Dana Samuelson","startTime":374.363,"endTime":378.503,"body":"you to do better than almost anything."},{"speaker":"Dana Samuelson","startTime":379.678,"endTime":382.868,"body":"Bitcoin can do this too, is to"},{"speaker":"Dana Samuelson","startTime":379.678,"endTime":382.868,"body":"get your money out of the banking"},{"speaker":"Dana Samuelson","startTime":382.868,"endTime":386.768,"body":"system and into something that"},{"speaker":"Dana Samuelson","startTime":382.868,"endTime":386.768,"body":"has no counterparty risk, right?"},{"speaker":"Dana Samuelson","startTime":386.768,"endTime":387.788,"body":"And out of the dollar."},{"speaker":"Dana Samuelson","startTime":387.908,"endTime":390.628,"body":"It's a way for you to get some"},{"speaker":"Dana Samuelson","startTime":387.908,"endTime":390.628,"body":"of your hard earned wealth out"},{"speaker":"Dana Samuelson","startTime":390.633,"endTime":393.268,"body":"of the dollar, which is gonna"},{"speaker":"Dana Samuelson","startTime":390.633,"endTime":393.268,"body":"continue to lose purchasing power."},{"speaker":"Dana Samuelson","startTime":393.898,"endTime":395.758,"body":"Now, cryptocurrencies have been volatile."},{"speaker":"Dana Samuelson","startTime":395.758,"endTime":399.108,"body":"They're settling down now after,"},{"speaker":"Dana Samuelson","startTime":395.758,"endTime":399.108,"body":"big run higher and back down."},{"speaker":"Dana Samuelson","startTime":399.703,"endTime":404.083,"body":"It's hard to get gold over borders, which"},{"speaker":"Dana Samuelson","startTime":399.703,"endTime":404.083,"body":"is what Bitcoin and cryptocurrencies"},{"speaker":"Dana Samuelson","startTime":404.083,"endTime":407.593,"body":"are really best at, moving gold,"},{"speaker":"Dana Samuelson","startTime":404.083,"endTime":407.593,"body":"inter moving money internationally."},{"speaker":"Dana Samuelson","startTime":407.983,"endTime":411.823,"body":"But gold is one of the best store"},{"speaker":"Dana Samuelson","startTime":407.983,"endTime":411.823,"body":"values you can have, and it's liquid."},{"speaker":"Dana Samuelson","startTime":412.273,"endTime":415.423,"body":"Real estate's a great investment,"},{"speaker":"Dana Samuelson","startTime":412.273,"endTime":415.423,"body":"but it's not necessarily liquid."},{"speaker":"Dana Samuelson","startTime":415.423,"endTime":417.823,"body":"Gold is liquid anywhere you wanna sell it."},{"speaker":"Dana Samuelson","startTime":418.153,"endTime":422.803,"body":"So if you have some of your savings"},{"speaker":"Dana Samuelson","startTime":418.153,"endTime":422.803,"body":"in precious metals, you have something"},{"speaker":"Dana Samuelson","startTime":422.803,"endTime":427.393,"body":"that'll hold up better against inflation"},{"speaker":"Dana Samuelson","startTime":422.803,"endTime":427.393,"body":"than almost any other currency."},{"speaker":"Dana Samuelson","startTime":428.098,"endTime":430.588,"body":"It's immediately liquid"},{"speaker":"Dana Samuelson","startTime":428.098,"endTime":430.588,"body":"if you need to raise cash."},{"speaker":"Average Joe Finances","startTime":432.058,"endTime":434.778,"body":"Yeah, no I"},{"speaker":"Average Joe Finances","startTime":432.058,"endTime":434.778,"body":"love that, Dana, because, and even"},{"speaker":"Average Joe Finances","startTime":434.778,"endTime":438.138,"body":"the fact that you compared it to"},{"speaker":"Average Joe Finances","startTime":434.778,"endTime":438.138,"body":"cryptocurrency as well, right?"},{"speaker":"Average Joe Finances","startTime":438.358,"endTime":442.618,"body":"With Bitcoin and how it's the"},{"speaker":"Average Joe Finances","startTime":438.358,"endTime":442.618,"body":"whole point of any of these"},{"speaker":"Average Joe Finances","startTime":443.008,"endTime":444.808,"body":"alternative currencies, right?"},{"speaker":"Average Joe Finances","startTime":444.838,"endTime":448.198,"body":"Such as precious metals or"},{"speaker":"Average Joe Finances","startTime":444.838,"endTime":448.198,"body":"cryptocurrency is, like you"},{"speaker":"Average Joe Finances","startTime":448.198,"endTime":450.583,"body":"said, pulling that dollar out."},{"speaker":"Average Joe Finances","startTime":450.683,"endTime":454.168,"body":"And pretty much removing"},{"speaker":"Average Joe Finances","startTime":450.683,"endTime":454.168,"body":"it from,  the cycle, right?"},{"speaker":"Average Joe Finances","startTime":454.168,"endTime":454.858,"body":"Of inflation."},{"speaker":"Average Joe Finances","startTime":454.858,"endTime":459.898,"body":"Because now this stuff that you're buying"},{"speaker":"Average Joe Finances","startTime":454.858,"endTime":459.898,"body":"as the value of the dollar goes down."},{"speaker":"Average Joe Finances","startTime":460.408,"endTime":463.768,"body":"It's not, like you said earlier, it's"},{"speaker":"Average Joe Finances","startTime":460.408,"endTime":463.768,"body":"not necessarily that the value of gold"},{"speaker":"Average Joe Finances","startTime":463.773,"endTime":469.618,"body":"or silver goes up, it's just that it's"},{"speaker":"Average Joe Finances","startTime":463.773,"endTime":469.618,"body":"holding its intrinsic value, but the"},{"speaker":"Average Joe Finances","startTime":469.618,"endTime":473.818,"body":"dollar's becoming weaker, so you now"},{"speaker":"Average Joe Finances","startTime":469.618,"endTime":473.818,"body":"can get more dollars with this gold."},{"speaker":"Average Joe Finances","startTime":473.818,"endTime":475.138,"body":"So it's still worth the same."},{"speaker":"Average Joe Finances","startTime":475.708,"endTime":477.748,"body":"It's still gonna hold"},{"speaker":"Average Joe Finances","startTime":475.708,"endTime":477.748,"body":"itself and hold its value."},{"speaker":"Average Joe Finances","startTime":477.748,"endTime":481.228,"body":"So that's one of the things that I"},{"speaker":"Average Joe Finances","startTime":477.748,"endTime":481.228,"body":"like about it too cause we talk about,"},{"speaker":"Average Joe Finances","startTime":481.508,"endTime":484.958,"body":"to hedge against inflation, let's"},{"speaker":"Average Joe Finances","startTime":481.508,"endTime":484.958,"body":"say inflation is three, 4%, right?"},{"speaker":"Average Joe Finances","startTime":485.318,"endTime":486.638,"body":"What do you need to do to beat that?"},{"speaker":"Average Joe Finances","startTime":486.638,"endTime":489.758,"body":"You need to have an asset that's"},{"speaker":"Average Joe Finances","startTime":486.638,"endTime":489.758,"body":"making you more than three or 4%"},{"speaker":"Average Joe Finances","startTime":490.058,"endTime":491.438,"body":"to hedge against that inflation."},{"speaker":"Average Joe Finances","startTime":491.768,"endTime":494.888,"body":"Whereas gold, you don't need to"},{"speaker":"Average Joe Finances","startTime":491.768,"endTime":494.888,"body":"buy gold and hold it and hope."},{"speaker":"Average Joe Finances","startTime":495.443,"endTime":497.963,"body":"That it go, that it"},{"speaker":"Average Joe Finances","startTime":495.443,"endTime":497.963,"body":"keeps up with inflation."},{"speaker":"Average Joe Finances","startTime":497.963,"endTime":502.343,"body":"No, as the dollar goes down,"},{"speaker":"Average Joe Finances","startTime":497.963,"endTime":502.343,"body":"the gold will remain the same."},{"speaker":"Average Joe Finances","startTime":502.673,"endTime":507.383,"body":"So the way you put that made it much"},{"speaker":"Average Joe Finances","startTime":502.673,"endTime":507.383,"body":"more digestible, I think, for me, and"},{"speaker":"Average Joe Finances","startTime":507.388,"endTime":508.643,"body":"probably for a lot of my listeners."},{"speaker":"Average Joe Finances","startTime":508.643,"endTime":510.383,"body":"So I definitely appreciate that."},{"speaker":"Average Joe Finances","startTime":510.773,"endTime":512.403,"body":"And it was interesting though."},{"speaker":"Average Joe Finances","startTime":512.408,"endTime":514.803,"body":"I did not expect you to compare."},{"speaker":"Average Joe Finances","startTime":515.358,"endTime":518.088,"body":"Precious metals to cryptocurrency."},{"speaker":"Average Joe Finances","startTime":518.428,"endTime":520.018,"body":"So that was you threw me off there."},{"speaker":"Average Joe Finances","startTime":520.208,"endTime":523.468,"body":"And I wanna get your thoughts on"},{"speaker":"Average Joe Finances","startTime":520.208,"endTime":523.468,"body":"this, thinking, versus precious"},{"speaker":"Average Joe Finances","startTime":523.468,"endTime":526.408,"body":"metals versus like Bitcoin, right?"},{"speaker":"Average Joe Finances","startTime":526.458,"endTime":530.808,"body":"What would you say besides the fact"},{"speaker":"Average Joe Finances","startTime":526.458,"endTime":530.808,"body":"that you said, it's easier to move money"},{"speaker":"Average Joe Finances","startTime":530.808,"endTime":534.348,"body":"internationally through cryptocurrency,"},{"speaker":"Average Joe Finances","startTime":530.808,"endTime":534.348,"body":"but what would you say is some of"},{"speaker":"Average Joe Finances","startTime":534.348,"endTime":539.388,"body":"the biggest differences between"},{"speaker":"Average Joe Finances","startTime":534.348,"endTime":539.388,"body":"pulling your dollars out into crypto?"},{"speaker":"Average Joe Finances","startTime":539.718,"endTime":542.298,"body":"Versus pulling your dollars"},{"speaker":"Average Joe Finances","startTime":539.718,"endTime":542.298,"body":"out into precious metals."},{"speaker":"Dana Samuelson","startTime":543.538,"endTime":547.958,"body":"Gold is the oldest,"},{"speaker":"Dana Samuelson","startTime":543.538,"endTime":547.958,"body":"most trusted form of money there is."},{"speaker":"Dana Samuelson","startTime":548.378,"endTime":552.218,"body":"Now, it was also currency for most"},{"speaker":"Dana Samuelson","startTime":548.378,"endTime":552.218,"body":"of man's existence on the planet."},{"speaker":"Dana Samuelson","startTime":553.328,"endTime":555.188,"body":"Money and currency are"},{"speaker":"Dana Samuelson","startTime":553.328,"endTime":555.188,"body":"two different things."},{"speaker":"Dana Samuelson","startTime":555.188,"endTime":557.408,"body":"Money has intrinsic value."},{"speaker":"Dana Samuelson","startTime":558.608,"endTime":561.218,"body":"A barrel of oil could be"},{"speaker":"Dana Samuelson","startTime":558.608,"endTime":561.218,"body":"considered money, but it's not"},{"speaker":"Dana Samuelson","startTime":561.218,"endTime":563.378,"body":"a good way to, to pay somebody."},{"speaker":"Dana Samuelson","startTime":563.378,"endTime":566.893,"body":"And what for a court off and pay"},{"speaker":"Dana Samuelson","startTime":563.378,"endTime":566.893,"body":"somebody and change you can't do that."},{"speaker":"Dana Samuelson","startTime":567.083,"endTime":570.983,"body":"So that's, gold has the most"},{"speaker":"Dana Samuelson","startTime":567.083,"endTime":570.983,"body":"trusted history of money."},{"speaker":"Dana Samuelson","startTime":571.643,"endTime":574.343,"body":"Now we have currency that's"},{"speaker":"Dana Samuelson","startTime":571.643,"endTime":574.343,"body":"not backed by anything."},{"speaker":"Dana Samuelson","startTime":574.343,"endTime":575.303,"body":"It's fiat currency."},{"speaker":"Dana Samuelson","startTime":575.303,"endTime":577.673,"body":"It's just paper and political promises."},{"speaker":"Dana Samuelson","startTime":577.673,"endTime":578.503,"body":"And we know the policies."},{"speaker":"Average Joe Finances","startTime":578.503,"endTime":578.623,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":578.623,"endTime":582.003,"body":"It's based on the faith of the people"},{"speaker":"Average Joe Finances","startTime":578.623,"endTime":582.003,"body":"that it's worth what we think it's worth."},{"speaker":"Dana Samuelson","startTime":582.483,"endTime":585.563,"body":"Pretty much politicians"},{"speaker":"Dana Samuelson","startTime":582.483,"endTime":585.563,"body":"can't manage a checkbook properly"},{"speaker":"Dana Samuelson","startTime":585.563,"endTime":588.893,"body":"as we're gonna, we've learned and"},{"speaker":"Dana Samuelson","startTime":585.563,"endTime":588.893,"body":"we're gonna continue to learn, right?"},{"speaker":"Dana Samuelson","startTime":589.143,"endTime":591.603,"body":"Now cryptocurrencies are relatively new."},{"speaker":"Dana Samuelson","startTime":591.703,"endTime":593.833,"body":"What's Bitcoin been down since 2010?"},{"speaker":"Dana Samuelson","startTime":594.313,"endTime":596.203,"body":"Yeah, 2011, if I remember correctly."},{"speaker":"Dana Samuelson","startTime":596.203,"endTime":599.113,"body":"And it's had a very wide ride in value."},{"speaker":"Dana Samuelson","startTime":599.983,"endTime":606.373,"body":"Now it's, they're settling down"},{"speaker":"Dana Samuelson","startTime":599.983,"endTime":606.373,"body":"now into a more stable asset class,"},{"speaker":"Dana Samuelson","startTime":606.373,"endTime":608.473,"body":"but it's still a speculation."},{"speaker":"Dana Samuelson","startTime":608.998,"endTime":609.928,"body":"Many regards."},{"speaker":"Dana Samuelson","startTime":610.288,"endTime":613.948,"body":"Much more than it is an asset"},{"speaker":"Dana Samuelson","startTime":610.288,"endTime":613.948,"body":"that's tried and true, which is"},{"speaker":"Dana Samuelson","startTime":613.948,"endTime":615.388,"body":"really what precious metals are."},{"speaker":"Dana Samuelson","startTime":616.018,"endTime":621.178,"body":"Now it's gonna, we're gonna have central"},{"speaker":"Dana Samuelson","startTime":616.018,"endTime":621.178,"body":"bank digital currencies that's coming and"},{"speaker":"Dana Samuelson","startTime":621.178,"endTime":626.708,"body":"we're gonna have a bank account that works"},{"speaker":"Dana Samuelson","startTime":621.178,"endTime":626.708,"body":"like a credit card with a card that is"},{"speaker":"Dana Samuelson","startTime":626.708,"endTime":628.988,"body":"your central bank digital currency cards."},{"speaker":"Dana Samuelson","startTime":629.258,"endTime":633.098,"body":"And they're gonna try and make the"},{"speaker":"Dana Samuelson","startTime":629.258,"endTime":633.098,"body":"cryptos that are private go away."},{"speaker":"Dana Samuelson","startTime":633.758,"endTime":637.178,"body":"That's what's gonna happen, cause the"},{"speaker":"Dana Samuelson","startTime":633.758,"endTime":637.178,"body":"governments don't want the competition."},{"speaker":"Dana Samuelson","startTime":638.138,"endTime":642.918,"body":"So I don't know how that's gonna affect"},{"speaker":"Dana Samuelson","startTime":638.138,"endTime":642.918,"body":"the established cryptos, going forward."},{"speaker":"Dana Samuelson","startTime":643.488,"endTime":646.358,"body":"I'm a more of an old school guy, right?"},{"speaker":"Dana Samuelson","startTime":646.358,"endTime":652.603,"body":"So I like what's tried and true, which is"},{"speaker":"Dana Samuelson","startTime":646.358,"endTime":652.603,"body":"precious metals, and it's more boring than"},{"speaker":"Dana Samuelson","startTime":652.603,"endTime":655.993,"body":"the volatility of the cryptocurrencies"},{"speaker":"Dana Samuelson","startTime":652.603,"endTime":655.993,"body":"have been over the last few years."},{"speaker":"Dana Samuelson","startTime":656.383,"endTime":657.553,"body":"But I think you'll see that."},{"speaker":"Dana Samuelson","startTime":657.988,"endTime":662.428,"body":"If you follow cryptocurrencies now,"},{"speaker":"Dana Samuelson","startTime":657.988,"endTime":662.428,"body":"they're becoming much more mainstream."},{"speaker":"Dana Samuelson","startTime":662.488,"endTime":666.778,"body":"They were becoming ubiquitous and"},{"speaker":"Dana Samuelson","startTime":662.488,"endTime":666.778,"body":"established, so the volatility is gonna"},{"speaker":"Dana Samuelson","startTime":666.778,"endTime":670.288,"body":"go out of them, which was what was"},{"speaker":"Dana Samuelson","startTime":666.778,"endTime":670.288,"body":"attractive to many people when Bitcoin was"},{"speaker":"Dana Samuelson","startTime":670.288,"endTime":673.438,"body":"red hot on its way from 20,000 to 65,000."},{"speaker":"Dana Samuelson","startTime":673.858,"endTime":678.358,"body":"Now, if you had it from 65 back down to"},{"speaker":"Dana Samuelson","startTime":673.858,"endTime":678.358,"body":"17, you wouldn't have liked it so much."},{"speaker":"Dana Samuelson","startTime":678.428,"endTime":682.388,"body":"Gold's been much more stable over"},{"speaker":"Dana Samuelson","startTime":678.428,"endTime":682.388,"body":"that same period of time, and"},{"speaker":"Dana Samuelson","startTime":682.388,"endTime":684.638,"body":"it's had some solid gains too."},{"speaker":"Average Joe Finances","startTime":685.688,"endTime":686.528,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":686.528,"endTime":689.538,"body":"So I definitely appreciate your"},{"speaker":"Average Joe Finances","startTime":686.528,"endTime":689.538,"body":"perspective on that, Dana, because"},{"speaker":"Average Joe Finances","startTime":690.048,"endTime":693.018,"body":"I always looked at cryptocurrency"},{"speaker":"Average Joe Finances","startTime":690.048,"endTime":693.018,"body":"a little bit differently."},{"speaker":"Average Joe Finances","startTime":693.018,"endTime":697.998,"body":"Like I always looked at it like as an"},{"speaker":"Average Joe Finances","startTime":693.018,"endTime":697.998,"body":"actual currency itself, because again the"},{"speaker":"Average Joe Finances","startTime":697.998,"endTime":700.938,"body":"value of it, I believe is what we believe."},{"speaker":"Average Joe Finances","startTime":700.938,"endTime":703.698,"body":"It is similar to how"},{"speaker":"Average Joe Finances","startTime":700.938,"endTime":703.698,"body":"the stock market works."},{"speaker":"Average Joe Finances","startTime":703.698,"endTime":707.243,"body":"Which is why like now seeing"},{"speaker":"Average Joe Finances","startTime":703.698,"endTime":707.243,"body":"Bitcoin, traded publicly the way"},{"speaker":"Average Joe Finances","startTime":707.243,"endTime":711.083,"body":"it is now, like you can go on"},{"speaker":"Average Joe Finances","startTime":707.243,"endTime":711.083,"body":"Robinhood and buy Bitcoin, right?"},{"speaker":"Average Joe Finances","startTime":711.353,"endTime":716.123,"body":"And to me, That I feel like"},{"speaker":"Average Joe Finances","startTime":711.353,"endTime":716.123,"body":"that's the right place for it."},{"speaker":"Average Joe Finances","startTime":716.153,"endTime":719.873,"body":"And that's where it belongs,"},{"speaker":"Average Joe Finances","startTime":716.153,"endTime":719.873,"body":"because it is supposed to be its"},{"speaker":"Average Joe Finances","startTime":719.873,"endTime":723.738,"body":"own currency, eventually replacing"},{"speaker":"Average Joe Finances","startTime":719.873,"endTime":723.738,"body":"whatever currencies we're using."},{"speaker":"Average Joe Finances","startTime":723.738,"endTime":727.028,"body":"Not sure if, when that'll ever"},{"speaker":"Average Joe Finances","startTime":723.738,"endTime":727.028,"body":"happen, but like you said, with"},{"speaker":"Average Joe Finances","startTime":727.028,"endTime":730.728,"body":"the global currencies that digital"},{"speaker":"Average Joe Finances","startTime":727.028,"endTime":730.728,"body":"currencies are gonna come out, that"},{"speaker":"Average Joe Finances","startTime":730.728,"endTime":732.468,"body":"is gonna change the game big time."},{"speaker":"Average Joe Finances","startTime":732.468,"endTime":736.238,"body":"So I guess right now we're in a period"},{"speaker":"Average Joe Finances","startTime":732.468,"endTime":736.238,"body":"where it's like we have to wait and see."},{"speaker":"Average Joe Finances","startTime":736.838,"endTime":739.178,"body":"Then we're gonna be in a"},{"speaker":"Average Joe Finances","startTime":736.838,"endTime":739.178,"body":"transition period once it happens."},{"speaker":"Average Joe Finances","startTime":739.178,"endTime":740.438,"body":"And it's gonna be very interesting."},{"speaker":"Average Joe Finances","startTime":740.798,"endTime":743.498,"body":"I think at least for the rest"},{"speaker":"Average Joe Finances","startTime":740.798,"endTime":743.498,"body":"of my lifetime, things are gonna"},{"speaker":"Average Joe Finances","startTime":743.498,"endTime":748.578,"body":"just be, you gotta play it by ear,"},{"speaker":"Average Joe Finances","startTime":743.498,"endTime":748.578,"body":"pay attention and play it safe."},{"speaker":"Average Joe Finances","startTime":748.608,"endTime":752.268,"body":"But one of the things that will"},{"speaker":"Average Joe Finances","startTime":748.608,"endTime":752.268,"body":"always be tried and true, like"},{"speaker":"Average Joe Finances","startTime":752.273,"endTime":754.593,"body":"you said, Precious metals, right?"},{"speaker":"Average Joe Finances","startTime":754.813,"endTime":756.913,"body":"Gold will always have value."},{"speaker":"Average Joe Finances","startTime":756.913,"endTime":758.503,"body":"Silver will always have value."},{"speaker":"Average Joe Finances","startTime":758.693,"endTime":762.143,"body":"The way I look at it too is like silver's"},{"speaker":"Average Joe Finances","startTime":758.693,"endTime":762.143,"body":"one of the best conductors out there yet."},{"speaker":"Average Joe Finances","startTime":762.143,"endTime":765.713,"body":"If you have one of these in your"},{"speaker":"Average Joe Finances","startTime":762.143,"endTime":765.713,"body":"pocket, it's loaded with silver, right?"},{"speaker":"Average Joe Finances","startTime":765.983,"endTime":768.773,"body":"So those things, it's something"},{"speaker":"Average Joe Finances","startTime":765.983,"endTime":768.773,"body":"that will always be used."},{"speaker":"Average Joe Finances","startTime":768.773,"endTime":769.673,"body":"It'll always be needed."},{"speaker":"Average Joe Finances","startTime":769.673,"endTime":770.903,"body":"So silver will always be needed."},{"speaker":"Average Joe Finances","startTime":771.303,"endTime":774.963,"body":"Gold is just, it's valuable because"},{"speaker":"Average Joe Finances","startTime":771.303,"endTime":774.963,"body":"it's pretty, people like it."},{"speaker":"Average Joe Finances","startTime":775.243,"endTime":776.593,"body":"You make jewelry out of it."},{"speaker":"Average Joe Finances","startTime":776.593,"endTime":778.663,"body":"So it's always gonna have that value."},{"speaker":"Average Joe Finances","startTime":779.578,"endTime":781.563,"body":"So I like that side of things."},{"speaker":"Average Joe Finances","startTime":782.013,"endTime":786.773,"body":"Now talking about using"},{"speaker":"Average Joe Finances","startTime":782.013,"endTime":786.773,"body":"it as a way to, get cash."},{"speaker":"Average Joe Finances","startTime":786.778,"endTime":791.248,"body":"If you need cash in a certain situation I"},{"speaker":"Average Joe Finances","startTime":786.778,"endTime":791.248,"body":"know you could cash it out, you could sell"},{"speaker":"Average Joe Finances","startTime":791.248,"endTime":792.898,"body":"your gold, you could sell your silver."},{"speaker":"Average Joe Finances","startTime":793.178,"endTime":797.348,"body":"But are there ways where you can use"},{"speaker":"Average Joe Finances","startTime":793.178,"endTime":797.348,"body":"that, like similar to the way that you"},{"speaker":"Average Joe Finances","startTime":797.348,"endTime":798.908,"body":"use a piece of real estate like me?"},{"speaker":"Average Joe Finances","startTime":799.478,"endTime":802.118,"body":"I took a HELOC outta my personal"},{"speaker":"Average Joe Finances","startTime":799.478,"endTime":802.118,"body":"property because I needed"},{"speaker":"Average Joe Finances","startTime":802.118,"endTime":803.438,"body":"cash to buy more real estate."},{"speaker":"Average Joe Finances","startTime":803.828,"endTime":806.138,"body":"And I was able to do that"},{"speaker":"Average Joe Finances","startTime":803.828,"endTime":806.138,"body":"'cause I had all this equity."},{"speaker":"Average Joe Finances","startTime":806.468,"endTime":811.628,"body":"So can you do the same thing with"},{"speaker":"Average Joe Finances","startTime":806.468,"endTime":811.628,"body":"gold and silver and say, Hey, I've"},{"speaker":"Average Joe Finances","startTime":811.633,"endTime":815.708,"body":"got all these precious metals that"},{"speaker":"Average Joe Finances","startTime":811.633,"endTime":815.708,"body":"are valued at this, I wanna borrow"},{"speaker":"Average Joe Finances","startTime":815.708,"endTime":817.298,"body":"against it and not cash it out."},{"speaker":"Average Joe Finances","startTime":817.538,"endTime":818.948,"body":"Are there ways to do that as well?"},{"speaker":"Dana Samuelson","startTime":819.908,"endTime":820.508,"body":"Yes, there are."},{"speaker":"Dana Samuelson","startTime":820.508,"endTime":823.298,"body":"There's a couple of storage"},{"speaker":"Dana Samuelson","startTime":820.508,"endTime":823.298,"body":"facilities in the country."},{"speaker":"Dana Samuelson","startTime":823.298,"endTime":825.728,"body":"Not many of them, two or"},{"speaker":"Dana Samuelson","startTime":823.298,"endTime":825.728,"body":"three that we recommend."},{"speaker":"Dana Samuelson","startTime":826.133,"endTime":828.993,"body":"That also have lending"},{"speaker":"Dana Samuelson","startTime":826.133,"endTime":828.993,"body":"businesses on the side."},{"speaker":"Dana Samuelson","startTime":829.773,"endTime":834.183,"body":"And if your metal is stored at one"},{"speaker":"Dana Samuelson","startTime":829.773,"endTime":834.183,"body":"of these storage facilities and"},{"speaker":"Dana Samuelson","startTime":834.183,"endTime":837.483,"body":"they have a lending facility, which"},{"speaker":"Dana Samuelson","startTime":834.183,"endTime":837.483,"body":"two of them in particular I, that"},{"speaker":"Dana Samuelson","startTime":837.483,"endTime":842.373,"body":"I know and trust do you can get a"},{"speaker":"Dana Samuelson","startTime":837.483,"endTime":842.373,"body":"loan against your precious metals."},{"speaker":"Dana Samuelson","startTime":842.378,"endTime":843.513,"body":"They're already holding it."},{"speaker":"Dana Samuelson","startTime":843.513,"endTime":845.253,"body":"You just have to sign the paperwork."},{"speaker":"Dana Samuelson","startTime":845.703,"endTime":847.753,"body":"Pledging the metal against the loan."},{"speaker":"Dana Samuelson","startTime":848.263,"endTime":851.353,"body":"And once you do that, you"},{"speaker":"Dana Samuelson","startTime":848.263,"endTime":851.353,"body":"can get funded very quickly."},{"speaker":"Dana Samuelson","startTime":851.383,"endTime":852.913,"body":"48, 72 hours."},{"speaker":"Dana Samuelson","startTime":853.393,"endTime":856.483,"body":"Now the interest rate's"},{"speaker":"Dana Samuelson","startTime":853.393,"endTime":856.483,"body":"gonna be a little egregious."},{"speaker":"Dana Samuelson","startTime":856.483,"endTime":859.063,"body":"It's not gonna be that competitive"},{"speaker":"Dana Samuelson","startTime":856.483,"endTime":859.063,"body":"because it's a niche business."},{"speaker":"Dana Samuelson","startTime":859.063,"endTime":860.594,"body":"They're gonna get prime"},{"speaker":"Dana Samuelson","startTime":859.063,"endTime":860.594,"body":"plus a couple points."},{"speaker":"Dana Samuelson","startTime":861.703,"endTime":864.943,"body":"So it's not the most cost effective"},{"speaker":"Dana Samuelson","startTime":861.703,"endTime":864.943,"body":"way to borrow money, but you can"},{"speaker":"Dana Samuelson","startTime":864.943,"endTime":869.623,"body":"own precious metals and get a"},{"speaker":"Dana Samuelson","startTime":864.943,"endTime":869.623,"body":"loan against it if you want to."},{"speaker":"Average Joe Finances","startTime":870.748,"endTime":873.148,"body":"So if you're"},{"speaker":"Average Joe Finances","startTime":870.748,"endTime":873.148,"body":"in a pinch and you don't wanna sell"},{"speaker":"Average Joe Finances","startTime":873.148,"endTime":876.118,"body":"those precious metals and you know"},{"speaker":"Average Joe Finances","startTime":873.148,"endTime":876.118,"body":"you're gonna get that money back"},{"speaker":"Average Joe Finances","startTime":876.118,"endTime":881.638,"body":"quickly, this might be a great way to,"},{"speaker":"Average Joe Finances","startTime":876.118,"endTime":881.638,"body":"to get money quickly, to take care of"},{"speaker":"Average Joe Finances","startTime":881.638,"endTime":884.488,"body":"whatever you gotta take care of, and"},{"speaker":"Average Joe Finances","startTime":881.638,"endTime":884.488,"body":"then pay it off as soon as you can."},{"speaker":"Dana Samuelson","startTime":884.818,"endTime":885.418,"body":"Exactly."},{"speaker":"Dana Samuelson","startTime":885.538,"endTime":887.098,"body":"You can do that very effectively."},{"speaker":"Dana Samuelson","startTime":887.128,"endTime":887.368,"body":"Yeah."},{"speaker":"Dana Samuelson","startTime":887.418,"endTime":887.958,"body":"That's awesome."},{"speaker":"Average Joe Finances","startTime":887.988,"endTime":889.888,"body":"Yeah, I was"},{"speaker":"Average Joe Finances","startTime":887.988,"endTime":889.888,"body":"just curious about that because,"},{"speaker":"Average Joe Finances","startTime":889.938,"endTime":892.218,"body":"every time I talk to somebody about"},{"speaker":"Average Joe Finances","startTime":889.938,"endTime":892.218,"body":"precious metals, it's always it's"},{"speaker":"Average Joe Finances","startTime":892.218,"endTime":894.408,"body":"great because you can cash it out"},{"speaker":"Average Joe Finances","startTime":892.218,"endTime":894.408,"body":"whenever you need to cash it out."},{"speaker":"Average Joe Finances","startTime":894.648,"endTime":896.238,"body":"Someone's always gonna be willing to buy."},{"speaker":"Average Joe Finances","startTime":896.553,"endTime":898.113,"body":"Gold or silver, right?"},{"speaker":"Average Joe Finances","startTime":898.363,"endTime":900.043,"body":"But then I'm like what if I"},{"speaker":"Average Joe Finances","startTime":898.363,"endTime":900.043,"body":"don't wanna get rid of it?"},{"speaker":"Average Joe Finances","startTime":900.043,"endTime":903.233,"body":"What if I just wanna borrow from"},{"speaker":"Average Joe Finances","startTime":900.043,"endTime":903.233,"body":"it, and keep my precious metals?"},{"speaker":"Average Joe Finances","startTime":903.503,"endTime":904.343,"body":"So I think that's awesome."},{"speaker":"Average Joe Finances","startTime":904.343,"endTime":906.473,"body":"So I definitely appreciate"},{"speaker":"Average Joe Finances","startTime":904.343,"endTime":906.473,"body":"you you sharing that with me."},{"speaker":"Average Joe Finances","startTime":906.923,"endTime":914.393,"body":"Now, what are some of the best ways that"},{"speaker":"Average Joe Finances","startTime":906.923,"endTime":914.393,"body":"real estate investors can utilize precious"},{"speaker":"Average Joe Finances","startTime":914.393,"endTime":916.373,"body":"metals in their real estate practices?"},{"speaker":"Dana Samuelson","startTime":917.478,"endTime":920.388,"body":"One of my friends,"},{"speaker":"Dana Samuelson","startTime":917.478,"endTime":920.388,"body":"Russell Gray, of the real estate"},{"speaker":"Dana Samuelson","startTime":920.393,"endTime":922.338,"body":"guys, has come up with a strategy."},{"speaker":"Dana Samuelson","startTime":922.338,"endTime":926.238,"body":"He calls his precious equity strategy,"},{"speaker":"Dana Samuelson","startTime":922.338,"endTime":926.238,"body":"and I've actually done this myself,"},{"speaker":"Dana Samuelson","startTime":926.688,"endTime":929.658,"body":"which is if you buy a property"},{"speaker":"Dana Samuelson","startTime":926.688,"endTime":929.658,"body":"and you take a mortgage out, say"},{"speaker":"Dana Samuelson","startTime":929.658,"endTime":931.308,"body":"you can pay for it in cash, right?"},{"speaker":"Dana Samuelson","startTime":931.308,"endTime":937.278,"body":"But you take a mortgage out and you"},{"speaker":"Dana Samuelson","startTime":931.308,"endTime":937.278,"body":"can borrow money from the bank at it"},{"speaker":"Dana Samuelson","startTime":937.278,"endTime":940.008,"body":"works a little bit better at lower"},{"speaker":"Dana Samuelson","startTime":937.278,"endTime":940.008,"body":"interest rates than we have today."},{"speaker":"Dana Samuelson","startTime":940.938,"endTime":945.138,"body":"Say you take a loan out and you"},{"speaker":"Dana Samuelson","startTime":940.938,"endTime":945.138,"body":"take half of that loan value and you"},{"speaker":"Dana Samuelson","startTime":945.138,"endTime":947.628,"body":"buy precious metals with it, right?"},{"speaker":"Dana Samuelson","startTime":947.628,"endTime":954.558,"body":"So you own gold and you've paired"},{"speaker":"Dana Samuelson","startTime":947.628,"endTime":954.558,"body":"it with debt and real estate, right?"},{"speaker":"Dana Samuelson","startTime":954.558,"endTime":958.998,"body":"You take the other half of the value"},{"speaker":"Dana Samuelson","startTime":954.558,"endTime":958.998,"body":"that you have and you find a high"},{"speaker":"Dana Samuelson","startTime":958.998,"endTime":961.758,"body":"interest note that you can invest in."},{"speaker":"Dana Samuelson","startTime":962.178,"endTime":965.358,"body":"Right now, they're a bit more risky,"},{"speaker":"Dana Samuelson","startTime":962.178,"endTime":965.358,"body":"but there are businesses say that."},{"speaker":"Dana Samuelson","startTime":966.093,"endTime":971.823,"body":"Between manufacturing, buying raw"},{"speaker":"Dana Samuelson","startTime":966.093,"endTime":971.823,"body":"goods for manufacturing and producing"},{"speaker":"Dana Samuelson","startTime":971.823,"endTime":973.683,"body":"a good that takes three to six months."},{"speaker":"Dana Samuelson","startTime":973.843,"endTime":976.423,"body":"They borrow against"},{"speaker":"Dana Samuelson","startTime":973.843,"endTime":976.423,"body":"their receivables, right?"},{"speaker":"Dana Samuelson","startTime":976.423,"endTime":982.033,"body":"So they're gonna pay you nine, 12,"},{"speaker":"Dana Samuelson","startTime":976.423,"endTime":982.033,"body":"15% for that privilege and they're,"},{"speaker":"Dana Samuelson","startTime":982.033,"endTime":984.343,"body":"these are good sound businesses, right?"},{"speaker":"Dana Samuelson","startTime":984.343,"endTime":990.093,"body":"But you can get more than you could get"},{"speaker":"Dana Samuelson","startTime":984.343,"endTime":990.093,"body":"an interest having that money in the bank."},{"speaker":"Dana Samuelson","startTime":990.733,"endTime":994.293,"body":"Hopefully the arbitrage, the difference"},{"speaker":"Dana Samuelson","startTime":990.733,"endTime":994.293,"body":"between your interest rate that you're"},{"speaker":"Dana Samuelson","startTime":994.293,"endTime":1000.713,"body":"paying on the mortgage and what you can"},{"speaker":"Dana Samuelson","startTime":994.293,"endTime":1000.713,"body":"get on a short-term private note pays"},{"speaker":"Dana Samuelson","startTime":1000.713,"endTime":1003.773,"body":"for the service of the mortgage, right?"},{"speaker":"Dana Samuelson","startTime":1003.773,"endTime":1005.633,"body":"So there's no out of pocket expense."},{"speaker":"Dana Samuelson","startTime":1005.633,"endTime":1008.873,"body":"So it actually cash flow is neutral right?"},{"speaker":"Dana Samuelson","startTime":1008.873,"endTime":1009.773,"body":"Over time."},{"speaker":"Average Joe Finances","startTime":1009.833,"endTime":1010.043,"body":"Yeah."},{"speaker":"Dana Samuelson","startTime":1010.163,"endTime":1011.843,"body":"The value of"},{"speaker":"Dana Samuelson","startTime":1010.163,"endTime":1011.843,"body":"the real estate's gonna go up."},{"speaker":"Dana Samuelson","startTime":1012.113,"endTime":1015.353,"body":"The value of your gold is gonna go"},{"speaker":"Dana Samuelson","startTime":1012.113,"endTime":1015.353,"body":"up and at some point in time you may"},{"speaker":"Dana Samuelson","startTime":1015.353,"endTime":1017.543,"body":"be able to sell the gold, half of it."},{"speaker":"Dana Samuelson","startTime":1018.458,"endTime":1019.928,"body":"Pay, but the rest of the mortgage off."},{"speaker":"Dana Samuelson","startTime":1020.268,"endTime":1022.488,"body":"Then you've got the other"},{"speaker":"Dana Samuelson","startTime":1020.268,"endTime":1022.488,"body":"half of the gold free."},{"speaker":"Dana Samuelson","startTime":1023.458,"endTime":1026.998,"body":"So you've added to your"},{"speaker":"Dana Samuelson","startTime":1023.458,"endTime":1026.998,"body":"balance sheet in the process."},{"speaker":"Average Joe Finances","startTime":1027.688,"endTime":1028.593,"body":"Yeah I like that."},{"speaker":"Average Joe Finances","startTime":1028.593,"endTime":1032.313,"body":"And in order to get to a place like"},{"speaker":"Average Joe Finances","startTime":1028.593,"endTime":1032.313,"body":"that, you have to be in a pretty good"},{"speaker":"Average Joe Finances","startTime":1032.318,"endTime":1036.393,"body":"spot financially already, cause you"},{"speaker":"Average Joe Finances","startTime":1032.318,"endTime":1036.393,"body":"have to have the cash to pretty much"},{"speaker":"Average Joe Finances","startTime":1036.393,"endTime":1040.133,"body":"buy out, buy the home and then borrow"},{"speaker":"Average Joe Finances","startTime":1036.393,"endTime":1040.133,"body":"against it and leverage it that way."},{"speaker":"Average Joe Finances","startTime":1040.253,"endTime":1046.233,"body":"But, what a way to, to take, A mortgage"},{"speaker":"Average Joe Finances","startTime":1040.253,"endTime":1046.233,"body":"payment and completely cancel it out."},{"speaker":"Average Joe Finances","startTime":1046.413,"endTime":1048.243,"body":"Like a lot of real"},{"speaker":"Average Joe Finances","startTime":1046.413,"endTime":1048.243,"body":"estate investors do that."},{"speaker":"Average Joe Finances","startTime":1048.333,"endTime":1051.633,"body":"They'll buy a piece of real estate"},{"speaker":"Average Joe Finances","startTime":1048.333,"endTime":1051.633,"body":"and they'll be able to, go cashflow"},{"speaker":"Average Joe Finances","startTime":1051.633,"endTime":1054.363,"body":"positive or cashflow neutral because"},{"speaker":"Average Joe Finances","startTime":1051.633,"endTime":1054.363,"body":"they're renting the property out."},{"speaker":"Average Joe Finances","startTime":1054.703,"endTime":1060.423,"body":"Imagine doing this strategy and doing"},{"speaker":"Average Joe Finances","startTime":1054.703,"endTime":1060.423,"body":"that, and now you have the note that's"},{"speaker":"Average Joe Finances","startTime":1060.423,"endTime":1065.343,"body":"paying for the actual mortgage itself, and"},{"speaker":"Average Joe Finances","startTime":1060.423,"endTime":1065.343,"body":"then you've got a renter in the property"},{"speaker":"Average Joe Finances","startTime":1065.523,"endTime":1067.113,"body":"that's a hundred percent profit for you."},{"speaker":"Average Joe Finances","startTime":1067.803,"endTime":1068.763,"body":"That is fantastic."},{"speaker":"Average Joe Finances","startTime":1068.763,"endTime":1069.933,"body":"That is a really great strategy."},{"speaker":"Average Joe Finances","startTime":1069.933,"endTime":1070.653,"body":"I really like that."},{"speaker":"Average Joe Finances","startTime":1070.703,"endTime":1073.733,"body":"And I'm pretty sure I listened to that"},{"speaker":"Average Joe Finances","startTime":1070.703,"endTime":1073.733,"body":"podcast episode of the Real Estate"},{"speaker":"Average Joe Finances","startTime":1073.733,"endTime":1077.078,"body":"Guys, and that's where I've heard you"},{"speaker":"Average Joe Finances","startTime":1073.733,"endTime":1077.078,"body":"before too,  that's awesome, Dana."},{"speaker":"Average Joe Finances","startTime":1077.083,"endTime":1080.978,"body":"And I really hope that my listeners are"},{"speaker":"Average Joe Finances","startTime":1077.083,"endTime":1080.978,"body":"really thinking about that and the value"},{"speaker":"Average Joe Finances","startTime":1080.983,"endTime":1085.883,"body":"that can add, especially if you have the"},{"speaker":"Average Joe Finances","startTime":1080.983,"endTime":1085.883,"body":"cash right now to do something like that."},{"speaker":"Average Joe Finances","startTime":1086.153,"endTime":1087.263,"body":"What a great strategy."},{"speaker":"Dana Samuelson","startTime":1087.813,"endTime":1091.953,"body":"It worked"},{"speaker":"Dana Samuelson","startTime":1087.813,"endTime":1091.953,"body":"perfectly from 2008 to 2011."},{"speaker":"Dana Samuelson","startTime":1092.583,"endTime":1095.373,"body":"During that period of time, gold"},{"speaker":"Dana Samuelson","startTime":1092.583,"endTime":1095.373,"body":"doubled in price on the back of"},{"speaker":"Dana Samuelson","startTime":1095.373,"endTime":1098.433,"body":"the financial crisis and real"},{"speaker":"Dana Samuelson","startTime":1095.373,"endTime":1098.433,"body":"estate values actually fell."},{"speaker":"Dana Samuelson","startTime":1099.033,"endTime":1101.943,"body":"So if you would arbitrage gold in"},{"speaker":"Dana Samuelson","startTime":1099.033,"endTime":1101.943,"body":"real estate during that period of"},{"speaker":"Dana Samuelson","startTime":1101.948,"endTime":1103.323,"body":"time, you would've had a great hedge."},{"speaker":"Dana Samuelson","startTime":1103.563,"endTime":1106.563,"body":"And when properties were cheap, you"},{"speaker":"Dana Samuelson","startTime":1103.563,"endTime":1106.563,"body":"could have sold gold at a profit"},{"speaker":"Dana Samuelson","startTime":1107.133,"endTime":1108.423,"body":"to buy into the market cheap."},{"speaker":"Dana Samuelson","startTime":1108.423,"endTime":1112.593,"body":"And I do think we're going to get"},{"speaker":"Dana Samuelson","startTime":1108.423,"endTime":1112.593,"body":"a buying opportunity in real estate"},{"speaker":"Dana Samuelson","startTime":1112.593,"endTime":1114.303,"body":"that's significant in the next."},{"speaker":"Dana Samuelson","startTime":1114.618,"endTime":1118.458,"body":"Year to two years, and I'm gonna"},{"speaker":"Dana Samuelson","startTime":1114.618,"endTime":1118.458,"body":"be a buyer myself cause I don't"},{"speaker":"Dana Samuelson","startTime":1118.458,"endTime":1119.838,"body":"have enough real estate myself."},{"speaker":"Dana Samuelson","startTime":1120.168,"endTime":1122.928,"body":"I'm heavily correlated to the"},{"speaker":"Dana Samuelson","startTime":1120.168,"endTime":1122.928,"body":"precious metals markets because"},{"speaker":"Dana Samuelson","startTime":1122.928,"endTime":1124.188,"body":"that's what I know and understand."},{"speaker":"Average Joe Finances","startTime":1125.028,"endTime":1125.718,"body":"No that's awesome."},{"speaker":"Average Joe Finances","startTime":1125.718,"endTime":1128.918,"body":"And that's something again that we"},{"speaker":"Average Joe Finances","startTime":1125.718,"endTime":1128.918,"body":"all have to keep an eye on,  for"},{"speaker":"Average Joe Finances","startTime":1128.918,"endTime":1131.278,"body":"those that are still buying real"},{"speaker":"Average Joe Finances","startTime":1128.918,"endTime":1131.278,"body":"estate now, one of the things that"},{"speaker":"Average Joe Finances","startTime":1131.278,"endTime":1133.588,"body":"you always hear is the best time to"},{"speaker":"Average Joe Finances","startTime":1131.278,"endTime":1133.588,"body":"buy real estate was 20 years ago."},{"speaker":"Average Joe Finances","startTime":1133.593,"endTime":1135.178,"body":"The second best time is today."},{"speaker":"Average Joe Finances","startTime":1135.578,"endTime":1138.308,"body":"As long as you're buying with the"},{"speaker":"Average Joe Finances","startTime":1135.578,"endTime":1138.308,"body":"intent of holding it for a long time,"},{"speaker":"Average Joe Finances","startTime":1138.578,"endTime":1140.978,"body":"you could buy real estate any time and"},{"speaker":"Average Joe Finances","startTime":1138.578,"endTime":1140.978,"body":"it's gonna be a great deal for you."},{"speaker":"Average Joe Finances","startTime":1141.408,"endTime":1143.778,"body":"But that is definitely something to"},{"speaker":"Average Joe Finances","startTime":1141.408,"endTime":1143.778,"body":"keep an eye out because with the way"},{"speaker":"Average Joe Finances","startTime":1143.778,"endTime":1147.263,"body":"interest rates are going we've seen"},{"speaker":"Average Joe Finances","startTime":1143.778,"endTime":1147.263,"body":"it and it's very market specific."},{"speaker":"Average Joe Finances","startTime":1147.263,"endTime":1150.583,"body":"We've seen some markets really"},{"speaker":"Average Joe Finances","startTime":1147.263,"endTime":1150.583,"body":"have these significant dips."},{"speaker":"Average Joe Finances","startTime":1150.933,"endTime":1154.703,"body":"And, that could be coming in other"},{"speaker":"Average Joe Finances","startTime":1150.933,"endTime":1154.703,"body":"markets and it could be coming"},{"speaker":"Average Joe Finances","startTime":1154.703,"endTime":1156.813,"body":"rapidly over a short period of time."},{"speaker":"Average Joe Finances","startTime":1156.818,"endTime":1160.123,"body":"So as long as people"},{"speaker":"Average Joe Finances","startTime":1156.818,"endTime":1160.123,"body":"are, prepared for that."},{"speaker":"Average Joe Finances","startTime":1160.488,"endTime":1163.038,"body":"There might be some really great"},{"speaker":"Average Joe Finances","startTime":1160.488,"endTime":1163.038,"body":"buying opportunities in the future."},{"speaker":"Average Joe Finances","startTime":1163.038,"endTime":1164.508,"body":"So I don't have a crystal ball."},{"speaker":"Average Joe Finances","startTime":1164.508,"endTime":1167.328,"body":"If I had a crystal ball, I would use"},{"speaker":"Average Joe Finances","startTime":1164.508,"endTime":1167.328,"body":"it right now and I would tell every"},{"speaker":"Average Joe Finances","startTime":1167.328,"endTime":1170.448,"body":"single person, Hey, wait until this"},{"speaker":"Average Joe Finances","startTime":1167.328,"endTime":1170.448,"body":"date and then bye bye bye bye bye."},{"speaker":"Average Joe Finances","startTime":1170.788,"endTime":1172.943,"body":"We can't, we can only look at"},{"speaker":"Average Joe Finances","startTime":1170.788,"endTime":1172.943,"body":"these indicators and try to"},{"speaker":"Average Joe Finances","startTime":1172.943,"endTime":1176.543,"body":"figure out our best guess of what"},{"speaker":"Average Joe Finances","startTime":1172.943,"endTime":1176.543,"body":"we think that might look like."},{"speaker":"Dana Samuelson","startTime":1176.593,"endTime":1178.393,"body":"One thing"},{"speaker":"Dana Samuelson","startTime":1176.593,"endTime":1178.393,"body":"I'd like to add is that gold."},{"speaker":"Dana Samuelson","startTime":1178.393,"endTime":1180.943,"body":"If you own gold and you have"},{"speaker":"Dana Samuelson","startTime":1178.393,"endTime":1180.943,"body":"that liquidity, you can sell it"},{"speaker":"Dana Samuelson","startTime":1180.943,"endTime":1182.683,"body":"immediately and get paid for it."},{"speaker":"Dana Samuelson","startTime":1182.998,"endTime":1186.568,"body":"What's happened with bank lending"},{"speaker":"Dana Samuelson","startTime":1182.998,"endTime":1186.568,"body":"standards over the last few months"},{"speaker":"Dana Samuelson","startTime":1186.778,"endTime":1190.378,"body":"as we've gone through these bank"},{"speaker":"Dana Samuelson","startTime":1186.778,"endTime":1190.378,"body":"failures with SVB Bank lending"},{"speaker":"Dana Samuelson","startTime":1190.378,"endTime":1192.328,"body":"standards have tightened up, right?"},{"speaker":"Dana Samuelson","startTime":1192.328,"endTime":1195.808,"body":"So not only are bankers becoming"},{"speaker":"Dana Samuelson","startTime":1192.328,"endTime":1195.808,"body":"more selective of who they"},{"speaker":"Dana Samuelson","startTime":1195.808,"endTime":1197.728,"body":"loan to, the points are up."},{"speaker":"Dana Samuelson","startTime":1197.968,"endTime":1200.368,"body":"So the fee, the cost"},{"speaker":"Dana Samuelson","startTime":1197.968,"endTime":1200.368,"body":"of financing is higher."},{"speaker":"Dana Samuelson","startTime":1200.548,"endTime":1203.968,"body":"But the point is it's harder"},{"speaker":"Dana Samuelson","startTime":1200.548,"endTime":1203.968,"body":"to get a fast loan, right?"},{"speaker":"Average Joe Finances","startTime":1203.968,"endTime":1203.969,"body":"Absolutely."},{"speaker":"Dana Samuelson","startTime":1203.974,"endTime":1205.408,"body":"So if you"},{"speaker":"Dana Samuelson","startTime":1203.974,"endTime":1205.408,"body":"have some, if you have some"},{"speaker":"Dana Samuelson","startTime":1205.408,"endTime":1207.538,"body":"gold on the side, it's liquid."},{"speaker":"Dana Samuelson","startTime":1208.153,"endTime":1210.103,"body":"You can sell it if, when"},{"speaker":"Dana Samuelson","startTime":1208.153,"endTime":1210.103,"body":"you have that opportunity."},{"speaker":"Dana Samuelson","startTime":1210.103,"endTime":1214.003,"body":"So you don't have to always rely"},{"speaker":"Dana Samuelson","startTime":1210.103,"endTime":1214.003,"body":"on bank financing, which may be"},{"speaker":"Dana Samuelson","startTime":1214.003,"endTime":1218.353,"body":"more problematic when, how should"},{"speaker":"Dana Samuelson","startTime":1214.003,"endTime":1218.353,"body":"we say the stuff hits the fan?"},{"speaker":"Average Joe Finances","startTime":1220.093,"endTime":1221.263,"body":"No,"},{"speaker":"Average Joe Finances","startTime":1220.093,"endTime":1221.263,"body":"Dana, that's a great point."},{"speaker":"Average Joe Finances","startTime":1221.263,"endTime":1226.208,"body":"And it brings me back to when I took out"},{"speaker":"Average Joe Finances","startTime":1221.263,"endTime":1226.208,"body":"my HELOC right to buy more real estate."},{"speaker":"Average Joe Finances","startTime":1226.578,"endTime":1228.858,"body":"I took it out at a time before."},{"speaker":"Average Joe Finances","startTime":1229.233,"endTime":1232.893,"body":"It really got crazy, so I got a decent"},{"speaker":"Average Joe Finances","startTime":1229.233,"endTime":1232.893,"body":"interest rate on it, locked in for five"},{"speaker":"Average Joe Finances","startTime":1232.893,"endTime":1237.843,"body":"years, but it actually got to a point like"},{"speaker":"Average Joe Finances","startTime":1232.893,"endTime":1237.843,"body":"a couple months after I took out my heloc."},{"speaker":"Average Joe Finances","startTime":1237.963,"endTime":1239.033,"body":"A lot of banks."},{"speaker":"Average Joe Finances","startTime":1239.928,"endTime":1240.888,"body":"Stop doing heloc."},{"speaker":"Average Joe Finances","startTime":1240.888,"endTime":1242.118,"body":"Like Wells Fargo for example."},{"speaker":"Average Joe Finances","startTime":1242.118,"endTime":1243.948,"body":"They just said, we're"},{"speaker":"Average Joe Finances","startTime":1242.118,"endTime":1243.948,"body":"not doing HELOCs anymore."},{"speaker":"Average Joe Finances","startTime":1244.398,"endTime":1247.633,"body":"And a lot of other lenders were just"},{"speaker":"Average Joe Finances","startTime":1244.398,"endTime":1247.633,"body":"like, yeah, we could do a heloc, that"},{"speaker":"Average Joe Finances","startTime":1247.633,"endTime":1249.193,"body":"guaranteed rate's gonna be up there."},{"speaker":"Average Joe Finances","startTime":1249.583,"endTime":1251.623,"body":"And it just started to get really tough."},{"speaker":"Average Joe Finances","startTime":1251.628,"endTime":1252.693,"body":"And then the same thing with loans."},{"speaker":"Average Joe Finances","startTime":1253.283,"endTime":1256.323,"body":"If you wanted to take out a personal"},{"speaker":"Average Joe Finances","startTime":1253.283,"endTime":1256.323,"body":"loan or anything like that, interest"},{"speaker":"Average Joe Finances","startTime":1256.323,"endTime":1257.403,"body":"rates were really spiked up."},{"speaker":"Average Joe Finances","startTime":1257.403,"endTime":1260.333,"body":"And that was if you would even get"},{"speaker":"Average Joe Finances","startTime":1257.403,"endTime":1260.333,"body":"approved for the loan and you could"},{"speaker":"Average Joe Finances","startTime":1260.333,"endTime":1263.423,"body":"have had great credit too, and you're"},{"speaker":"Average Joe Finances","startTime":1260.333,"endTime":1263.423,"body":"going to the bank saying, Hey, I'd like"},{"speaker":"Average Joe Finances","startTime":1263.423,"endTime":1265.163,"body":"to take out a loan for A, B, C, or D."},{"speaker":"Average Joe Finances","startTime":1265.163,"endTime":1266.753,"body":"And they'll be like, oh,"},{"speaker":"Average Joe Finances","startTime":1265.163,"endTime":1266.753,"body":"now's not a good time."},{"speaker":"Average Joe Finances","startTime":1266.758,"endTime":1267.263,"body":"Sorry sir."},{"speaker":"Average Joe Finances","startTime":1267.263,"endTime":1267.803,"body":"Have a good day."},{"speaker":"Average Joe Finances","startTime":1268.143,"endTime":1271.893,"body":"And that's a great point because"},{"speaker":"Average Joe Finances","startTime":1268.143,"endTime":1271.893,"body":"we do go through these cycles."},{"speaker":"Average Joe Finances","startTime":1272.528,"endTime":1277.938,"body":"Where, with the banks, where they, it's"},{"speaker":"Average Joe Finances","startTime":1272.528,"endTime":1277.938,"body":"a great lending time or there's times"},{"speaker":"Average Joe Finances","startTime":1277.938,"endTime":1279.468,"body":"where they just won't lend at all."},{"speaker":"Average Joe Finances","startTime":1279.518,"endTime":1283.838,"body":"So having that liquidity which I love"},{"speaker":"Average Joe Finances","startTime":1279.518,"endTime":1283.838,"body":"that word because that is a key word."},{"speaker":"Average Joe Finances","startTime":1284.138,"endTime":1286.928,"body":"It's one of the reasons why I took"},{"speaker":"Average Joe Finances","startTime":1284.138,"endTime":1286.928,"body":"out my HELOC as well as so I could"},{"speaker":"Average Joe Finances","startTime":1286.928,"endTime":1289.148,"body":"tap into my equity and have liquidity."},{"speaker":"Average Joe Finances","startTime":1289.698,"endTime":1294.993,"body":"I think that is so important because if"},{"speaker":"Average Joe Finances","startTime":1289.698,"endTime":1294.993,"body":"you don't have any liquidity at all, Like"},{"speaker":"Average Joe Finances","startTime":1294.993,"endTime":1298.843,"body":"you said, when that stuff hits the fan,"},{"speaker":"Average Joe Finances","startTime":1294.993,"endTime":1298.843,"body":"it's gonna spray everywhere and you're"},{"speaker":"Average Joe Finances","startTime":1298.843,"endTime":1301.663,"body":"not gonna have anything to shield yourself"},{"speaker":"Average Joe Finances","startTime":1298.843,"endTime":1301.663,"body":"with and you're gonna be covered in that"},{"speaker":"Average Joe Finances","startTime":1301.663,"endTime":1303.773,"body":"stuff or you might, I think that's.."},{"speaker":"Dana Samuelson","startTime":1303.773,"endTime":1305.343,"body":"You might miss"},{"speaker":"Dana Samuelson","startTime":1303.773,"endTime":1305.343,"body":"a great buying opportunity too."},{"speaker":"Average Joe Finances","startTime":1305.343,"endTime":1305.613,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1305.733,"endTime":1306.063,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1306.133,"endTime":1308.953,"body":"But because you're too busy trying"},{"speaker":"Average Joe Finances","startTime":1306.133,"endTime":1308.953,"body":"to dodge the stuff flying at you,"},{"speaker":"Average Joe Finances","startTime":1309.343,"endTime":1312.133,"body":"where if you had that liquidity, you"},{"speaker":"Average Joe Finances","startTime":1309.343,"endTime":1312.133,"body":"already put that to the side and you"},{"speaker":"Average Joe Finances","startTime":1312.133,"endTime":1316.543,"body":"walk past the fan and now you're like,"},{"speaker":"Average Joe Finances","startTime":1312.133,"endTime":1316.543,"body":"okay, cool, I can see all of the good"},{"speaker":"Average Joe Finances","startTime":1316.543,"endTime":1318.073,"body":"air conditioners that are available."},{"speaker":"Average Joe Finances","startTime":1318.073,"endTime":1318.823,"body":"I don't need a fan."},{"speaker":"Average Joe Finances","startTime":1319.483,"endTime":1319.723,"body":"So."},{"speaker":"Average Joe Finances","startTime":1320.153,"endTime":1320.713,"body":"That's great point."},{"speaker":"Dana Samuelson","startTime":1321.188,"endTime":1324.128,"body":"Getting that HELOC"},{"speaker":"Dana Samuelson","startTime":1321.188,"endTime":1324.128,"body":"sewn up before and having that"},{"speaker":"Dana Samuelson","startTime":1324.128,"endTime":1325.478,"body":"available to you was a smart move."},{"speaker":"Dana Samuelson","startTime":1325.478,"endTime":1326.168,"body":"Very smart."},{"speaker":"Average Joe Finances","startTime":1326.678,"endTime":1326.858,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1326.858,"endTime":1330.698,"body":"It again, it was, I wanted to"},{"speaker":"Average Joe Finances","startTime":1326.858,"endTime":1330.698,"body":"buy more real estate and I didn't"},{"speaker":"Average Joe Finances","startTime":1330.703,"endTime":1332.258,"body":"have any more liquidity myself."},{"speaker":"Average Joe Finances","startTime":1332.618,"endTime":1337.363,"body":"And I said I bought this home in"},{"speaker":"Average Joe Finances","startTime":1332.618,"endTime":1337.363,"body":"Hawaii and the appreciation shot up"},{"speaker":"Average Joe Finances","startTime":1337.368,"endTime":1339.193,"body":"over the pandemic, like it was insane."},{"speaker":"Average Joe Finances","startTime":1339.193,"endTime":1341.293,"body":"I said, I've got all of this equity."},{"speaker":"Average Joe Finances","startTime":1342.283,"endTime":1345.163,"body":"I want to tap into that and use"},{"speaker":"Average Joe Finances","startTime":1342.283,"endTime":1345.163,"body":"that to buy more real estate."},{"speaker":"Average Joe Finances","startTime":1345.163,"endTime":1346.003,"body":"And that's what I did."},{"speaker":"Average Joe Finances","startTime":1346.003,"endTime":1349.453,"body":"It helped me scale a little bit"},{"speaker":"Average Joe Finances","startTime":1346.003,"endTime":1349.453,"body":"quicker than I would have if"},{"speaker":"Average Joe Finances","startTime":1349.458,"endTime":1350.803,"body":"I didn't take out the heloc."},{"speaker":"Average Joe Finances","startTime":1350.903,"endTime":1353.423,"body":"Or if I had to go borrow money from"},{"speaker":"Average Joe Finances","startTime":1350.903,"endTime":1353.423,"body":"someone else, I was still able to"},{"speaker":"Average Joe Finances","startTime":1353.423,"endTime":1357.123,"body":"do things in-house, and I liked that"},{"speaker":"Average Joe Finances","startTime":1353.423,"endTime":1357.123,"body":"I was able to, I was able to turn"},{"speaker":"Average Joe Finances","startTime":1357.123,"endTime":1361.143,"body":"my personal property into an asset"},{"speaker":"Average Joe Finances","startTime":1357.123,"endTime":1361.143,"body":"because I was able to buy cash flowing"},{"speaker":"Average Joe Finances","startTime":1361.143,"endTime":1364.263,"body":"assets with the equity of my home."},{"speaker":"Average Joe Finances","startTime":1364.653,"endTime":1364.833,"body":"So."},{"speaker":"Dana Samuelson","startTime":1364.833,"endTime":1364.923,"body":"Right."},{"speaker":"Average Joe Finances","startTime":1365.463,"endTime":1366.903,"body":"To me,"},{"speaker":"Average Joe Finances","startTime":1365.463,"endTime":1366.903,"body":"I thought that was awesome."},{"speaker":"Average Joe Finances","startTime":1367.113,"endTime":1370.753,"body":"So yeah, liquidity Dana, that is a"},{"speaker":"Average Joe Finances","startTime":1367.113,"endTime":1370.753,"body":"word that is near and dear to my heart."},{"speaker":"Average Joe Finances","startTime":1371.053,"endTime":1376.928,"body":"So you had me at liquidity when you talk"},{"speaker":"Average Joe Finances","startTime":1371.053,"endTime":1376.928,"body":"about, how precious metals are liquid,"},{"speaker":"Average Joe Finances","startTime":1377.258,"endTime":1378.818,"body":"and that you can sell 'em at any time."},{"speaker":"Average Joe Finances","startTime":1378.818,"endTime":1381.998,"body":"People will always be willing"},{"speaker":"Average Joe Finances","startTime":1378.818,"endTime":1381.998,"body":"to buy gold and silver."},{"speaker":"Average Joe Finances","startTime":1382.308,"endTime":1383.728,"body":"So I definitely appreciate that."},{"speaker":"Average Joe Finances","startTime":1384.088,"endTime":1391.948,"body":"Now, talking about about that Back in"},{"speaker":"Average Joe Finances","startTime":1384.088,"endTime":1391.948,"body":"1974 When Jim Blanchard when he was doing"},{"speaker":"Average Joe Finances","startTime":1392.278,"endTime":1397.198,"body":"what he did to build up this, the largest,"},{"speaker":"Average Joe Finances","startTime":1392.278,"endTime":1397.198,"body":"precious metals business and having all of"},{"speaker":"Average Joe Finances","startTime":1397.198,"endTime":1399.178,"body":"this gold, like he was the guy to go to."},{"speaker":"Average Joe Finances","startTime":1399.233,"endTime":1404.923,"body":"And then you had the opportunity to work"},{"speaker":"Average Joe Finances","startTime":1399.233,"endTime":1404.923,"body":"for him, and see all of that stuff from"},{"speaker":"Average Joe Finances","startTime":1404.923,"endTime":1409.723,"body":"the inside and build up to what you have"},{"speaker":"Average Joe Finances","startTime":1404.923,"endTime":1409.723,"body":"now today with the American Gold Exchange."},{"speaker":"Average Joe Finances","startTime":1410.323,"endTime":1413.473,"body":"How were you able to take"},{"speaker":"Average Joe Finances","startTime":1410.323,"endTime":1413.473,"body":"some of the practices that you"},{"speaker":"Average Joe Finances","startTime":1413.473,"endTime":1415.753,"body":"learned while working for Jim?"},{"speaker":"Average Joe Finances","startTime":1416.293,"endTime":1419.533,"body":"And use that today with the"},{"speaker":"Average Joe Finances","startTime":1416.293,"endTime":1419.533,"body":"business that you currently run?"},{"speaker":"Dana Samuelson","startTime":1420.203,"endTime":1423.863,"body":"Basically created the"},{"speaker":"Dana Samuelson","startTime":1420.203,"endTime":1423.863,"body":"same type of business that Jim had,"},{"speaker":"Dana Samuelson","startTime":1423.868,"endTime":1425.783,"body":"which was a national mail order business."},{"speaker":"Dana Samuelson","startTime":1426.713,"endTime":1430.493,"body":"And the beauty of my positioning"},{"speaker":"Dana Samuelson","startTime":1426.713,"endTime":1430.493,"body":"with Jim at the time in the"},{"speaker":"Dana Samuelson","startTime":1430.493,"endTime":1433.853,"body":"eighties were the contacts that"},{"speaker":"Dana Samuelson","startTime":1430.493,"endTime":1433.853,"body":"I made in the industry, right?"},{"speaker":"Dana Samuelson","startTime":1433.853,"endTime":1438.773,"body":"So when I started my own company in"},{"speaker":"Dana Samuelson","startTime":1433.853,"endTime":1438.773,"body":"1998, I had a lot of friends who helped"},{"speaker":"Dana Samuelson","startTime":1438.773,"endTime":1442.613,"body":"me, and they basically gave me more"},{"speaker":"Dana Samuelson","startTime":1438.773,"endTime":1442.613,"body":"credit than I deserved at the time."},{"speaker":"Dana Samuelson","startTime":1443.378,"endTime":1447.338,"body":"They knew I was honest and a"},{"speaker":"Dana Samuelson","startTime":1443.378,"endTime":1447.338,"body":"hardworking guy and I ran a tight"},{"speaker":"Dana Samuelson","startTime":1447.338,"endTime":1449.048,"body":"ship, which is what I've always done."},{"speaker":"Dana Samuelson","startTime":1449.058,"endTime":1450.018,"body":"Very conservative."},{"speaker":"Dana Samuelson","startTime":1450.438,"endTime":1454.338,"body":"So it's more about the contacts that I've"},{"speaker":"Dana Samuelson","startTime":1450.438,"endTime":1454.338,"body":"had and the experience that I've gained."},{"speaker":"Dana Samuelson","startTime":1454.338,"endTime":1459.888,"body":"I put in 18 years in the industry learning"},{"speaker":"Dana Samuelson","startTime":1454.338,"endTime":1459.888,"body":"and I learned all the facets of it."},{"speaker":"Dana Samuelson","startTime":1459.888,"endTime":1464.028,"body":"I'm also a vintage pre"},{"speaker":"Dana Samuelson","startTime":1459.888,"endTime":1464.028,"body":"1933 US gold coin expert."},{"speaker":"Dana Samuelson","startTime":1464.868,"endTime":1467.208,"body":"And I've just built a career."},{"speaker":"Dana Samuelson","startTime":1467.583,"endTime":1471.153,"body":"Like I said, I painted myself into"},{"speaker":"Dana Samuelson","startTime":1467.583,"endTime":1471.153,"body":"a golden corner over 43 years."},{"speaker":"Dana Samuelson","startTime":1471.453,"endTime":1471.633,"body":"Yeah."},{"speaker":"Dana Samuelson","startTime":1472.143,"endTime":1475.533,"body":"I'm a member of the Professional"},{"speaker":"Dana Samuelson","startTime":1472.143,"endTime":1475.533,"body":"Numismatists Guild, which is a fancy"},{"speaker":"Dana Samuelson","startTime":1475.533,"endTime":1478.953,"body":"way of saying the leading organization"},{"speaker":"Dana Samuelson","startTime":1475.533,"endTime":1478.953,"body":"of rare coin dealers in the country."},{"speaker":"Dana Samuelson","startTime":1479.313,"endTime":1482.563,"body":"And I'm a past president of"},{"speaker":"Dana Samuelson","startTime":1479.313,"endTime":1482.563,"body":"the Professional Numismatists"},{"speaker":"Dana Samuelson","startTime":1482.583,"endTime":1486.153,"body":"Guild, of which there's only been"},{"speaker":"Dana Samuelson","startTime":1482.583,"endTime":1486.153,"body":"about 40 over the last 80 years."},{"speaker":"Dana Samuelson","startTime":1486.783,"endTime":1489.103,"body":"So it is a, it's a prestigious thing."},{"speaker":"Dana Samuelson","startTime":1489.103,"endTime":1489.343,"body":"So"},{"speaker":"Average Joe Finances","startTime":1489.353,"endTime":1489.473,"body":"Awesome."},{"speaker":"Dana Samuelson","startTime":1489.473,"endTime":1491.363,"body":"I'm trying to"},{"speaker":"Dana Samuelson","startTime":1489.473,"endTime":1491.363,"body":"give back to the industry now."},{"speaker":"Dana Samuelson","startTime":1491.363,"endTime":1494.063,"body":"That's been good to me and"},{"speaker":"Dana Samuelson","startTime":1491.363,"endTime":1494.063,"body":"I'm trying to teach others."},{"speaker":"Dana Samuelson","startTime":1494.963,"endTime":1498.383,"body":"About precious metals, which is why I"},{"speaker":"Dana Samuelson","startTime":1494.963,"endTime":1498.383,"body":"wanted to be on your podcast because"},{"speaker":"Dana Samuelson","startTime":1498.653,"endTime":1501.683,"body":"one of the other people I've got to"},{"speaker":"Dana Samuelson","startTime":1498.653,"endTime":1501.683,"body":"meet over the years is Robert Kiyosaki."},{"speaker":"Dana Samuelson","startTime":1502.403,"endTime":1508.428,"body":"And Robert is a great guy and his whole"},{"speaker":"Dana Samuelson","startTime":1502.403,"endTime":1508.428,"body":"life is about getting people out of"},{"speaker":"Dana Samuelson","startTime":1508.728,"endTime":1512.503,"body":"Wall Street and into Main Street, and"},{"speaker":"Dana Samuelson","startTime":1508.728,"endTime":1512.503,"body":"getting them to have their own financial"},{"speaker":"Dana Samuelson","startTime":1512.503,"endTime":1515.413,"body":"freedom for own financial empowerment,"},{"speaker":"Dana Samuelson","startTime":1512.503,"endTime":1515.413,"body":"which is what you're trying to do."},{"speaker":"Average Joe Finances","startTime":1516.523,"endTime":1517.453,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":1517.453,"endTime":1521.083,"body":"No, and that's why I appreciate having"},{"speaker":"Average Joe Finances","startTime":1517.453,"endTime":1521.083,"body":"you on, because being able to talk about."},{"speaker":"Average Joe Finances","startTime":1521.623,"endTime":1525.838,"body":"Different asset classes, besides"},{"speaker":"Average Joe Finances","startTime":1521.623,"endTime":1525.838,"body":"just real estate and the typical"},{"speaker":"Average Joe Finances","startTime":1525.838,"endTime":1530.158,"body":"standard, what you see every average"},{"speaker":"Average Joe Finances","startTime":1525.838,"endTime":1530.158,"body":"Joe and Jane getting into, right?"},{"speaker":"Average Joe Finances","startTime":1530.158,"endTime":1534.748,"body":"The American dream of having that"},{"speaker":"Average Joe Finances","startTime":1530.158,"endTime":1534.748,"body":"high paying W-2 job where they have"},{"speaker":"Average Joe Finances","startTime":1534.753,"endTime":1539.018,"body":"a 401k and their employer matches"},{"speaker":"Average Joe Finances","startTime":1534.753,"endTime":1539.018,"body":"it and they think, oh I'm good."},{"speaker":"Average Joe Finances","startTime":1539.023,"endTime":1540.248,"body":"I could retire at 65."},{"speaker":"Average Joe Finances","startTime":1540.308,"endTime":1543.038,"body":"And then they get to 65 and they"},{"speaker":"Average Joe Finances","startTime":1540.308,"endTime":1543.038,"body":"realize they don't have that much money."},{"speaker":"Average Joe Finances","startTime":1543.773,"endTime":1546.323,"body":"They realize that I might have"},{"speaker":"Average Joe Finances","startTime":1543.773,"endTime":1546.323,"body":"to work a little bit longer."},{"speaker":"Average Joe Finances","startTime":1546.533,"endTime":1550.043,"body":"This American dream isn't the dream"},{"speaker":"Average Joe Finances","startTime":1546.533,"endTime":1550.043,"body":"that everybody thought it was."},{"speaker":"Average Joe Finances","startTime":1550.043,"endTime":1551.963,"body":"It's slightly a nightmare, right?"},{"speaker":"Average Joe Finances","startTime":1552.173,"endTime":1556.363,"body":"So what I really wanna do is get you"},{"speaker":"Average Joe Finances","startTime":1552.173,"endTime":1556.363,"body":"away from that nightmare so you can"},{"speaker":"Average Joe Finances","startTime":1556.363,"endTime":1557.713,"body":"have sweet dreams at night, right?"},{"speaker":"Average Joe Finances","startTime":1558.173,"endTime":1561.108,"body":"So that's one of the things I love"},{"speaker":"Average Joe Finances","startTime":1558.173,"endTime":1561.108,"body":"about doing this podcast and then"},{"speaker":"Average Joe Finances","startTime":1561.108,"endTime":1564.273,"body":"having, Expert guests like you"},{"speaker":"Average Joe Finances","startTime":1561.108,"endTime":1564.273,"body":"come on and share what you do."},{"speaker":"Average Joe Finances","startTime":1564.613,"endTime":1565.543,"body":"It's just absolutely amazing."},{"speaker":"Average Joe Finances","startTime":1565.543,"endTime":1568.283,"body":"Now I do wanna touch on one"},{"speaker":"Average Joe Finances","startTime":1565.543,"endTime":1568.283,"body":"more thing that I was checking"},{"speaker":"Average Joe Finances","startTime":1568.283,"endTime":1569.483,"body":"out in your background."},{"speaker":"Average Joe Finances","startTime":1569.733,"endTime":1574.113,"body":"When it comes to, 'cause some people get"},{"speaker":"Average Joe Finances","startTime":1569.733,"endTime":1574.113,"body":"skeptical with gold and silver because"},{"speaker":"Average Joe Finances","startTime":1574.113,"endTime":1575.973,"body":"there's a lot of counterfeits out there."},{"speaker":"Average Joe Finances","startTime":1576.423,"endTime":1581.943,"body":"So I know you were part of something that"},{"speaker":"Average Joe Finances","startTime":1576.423,"endTime":1581.943,"body":"you know a counterfeiting task force, anti"},{"speaker":"Average Joe Finances","startTime":1581.943,"endTime":1585.768,"body":"counterfeiting task force that you worked"},{"speaker":"Average Joe Finances","startTime":1581.943,"endTime":1585.768,"body":"with the Secret Service and Homeland"},{"speaker":"Average Joe Finances","startTime":1585.773,"endTime":1588.113,"body":"Security, to help seize some of these."},{"speaker":"Average Joe Finances","startTime":1588.113,"endTime":1589.593,"body":"So what was that like?"},{"speaker":"Average Joe Finances","startTime":1589.593,"endTime":1593.133,"body":"How did you get involved in that and"},{"speaker":"Average Joe Finances","startTime":1589.593,"endTime":1593.133,"body":"what are some things you've learned"},{"speaker":"Average Joe Finances","startTime":1593.133,"endTime":1594.783,"body":"from being part of that task force?"},{"speaker":"Dana Samuelson","startTime":1595.743,"endTime":1599.678,"body":"As president of the"},{"speaker":"Dana Samuelson","startTime":1595.743,"endTime":1599.678,"body":"Professional Numismatists Guild in 2015"},{"speaker":"Dana Samuelson","startTime":1599.698,"endTime":1603.718,"body":"to 2017, it came to our attention that"},{"speaker":"Dana Samuelson","startTime":1599.698,"endTime":1603.718,"body":"there was a modest but growing problem"},{"speaker":"Dana Samuelson","startTime":1603.718,"endTime":1608.558,"body":"of spurious merchandise coming into the"},{"speaker":"Dana Samuelson","startTime":1603.718,"endTime":1608.558,"body":"country through online auction platforms"},{"speaker":"Dana Samuelson","startTime":1608.563,"endTime":1611.648,"body":"and private sale groups like online."},{"speaker":"Dana Samuelson","startTime":1611.718,"endTime":1613.518,"body":"I don't wanna name 'em,"},{"speaker":"Dana Samuelson","startTime":1611.718,"endTime":1613.518,"body":"you know what they are."},{"speaker":"Dana Samuelson","startTime":1614.238,"endTime":1618.108,"body":"And the counterfeits"},{"speaker":"Dana Samuelson","startTime":1614.238,"endTime":1618.108,"body":"were relatively crude."},{"speaker":"Dana Samuelson","startTime":1618.813,"endTime":1621.903,"body":"They wouldn't fool a professional"},{"speaker":"Dana Samuelson","startTime":1618.813,"endTime":1621.903,"body":"like me that sees the metal all"},{"speaker":"Dana Samuelson","startTime":1621.903,"endTime":1625.083,"body":"the time, but they were good enough"},{"speaker":"Dana Samuelson","startTime":1621.903,"endTime":1625.083,"body":"to fool people on the street."},{"speaker":"Dana Samuelson","startTime":1625.083,"endTime":1628.473,"body":"And the pricing was such that you"},{"speaker":"Dana Samuelson","startTime":1625.083,"endTime":1628.473,"body":"thought you were getting a deal or"},{"speaker":"Dana Samuelson","startTime":1628.473,"endTime":1632.318,"body":"someone misrepresented themselves as, a"},{"speaker":"Dana Samuelson","startTime":1628.473,"endTime":1632.318,"body":"government employee selling this stuff."},{"speaker":"Dana Samuelson","startTime":1632.978,"endTime":1636.433,"body":"So we had to do something and"},{"speaker":"Dana Samuelson","startTime":1632.978,"endTime":1636.433,"body":"it was a problem that was bigger"},{"speaker":"Dana Samuelson","startTime":1636.433,"endTime":1638.143,"body":"than just the coin dealers alone."},{"speaker":"Dana Samuelson","startTime":1639.163,"endTime":1642.493,"body":"And in my capacity as PNG"},{"speaker":"Dana Samuelson","startTime":1639.163,"endTime":1642.493,"body":"president, I conceived of."},{"speaker":"Dana Samuelson","startTime":1643.213,"endTime":1646.933,"body":"And help to establish the industry"},{"speaker":"Dana Samuelson","startTime":1643.213,"endTime":1646.933,"body":"anti-counterfeiting task force,"},{"speaker":"Dana Samuelson","startTime":1647.233,"endTime":1651.038,"body":"which helps to work with which works"},{"speaker":"Dana Samuelson","startTime":1647.233,"endTime":1651.038,"body":"with Homeland Security to interdict"},{"speaker":"Dana Samuelson","startTime":1651.043,"endTime":1652.748,"body":"shipments as it comes into the country."},{"speaker":"Dana Samuelson","startTime":1652.753,"endTime":1656.108,"body":"And with Secret Service, whose"},{"speaker":"Dana Samuelson","startTime":1652.753,"endTime":1656.108,"body":"responsibility is to protect the"},{"speaker":"Dana Samuelson","startTime":1656.108,"endTime":1658.508,"body":"integrity of what the US Mint makes."},{"speaker":"Dana Samuelson","startTime":1658.508,"endTime":1661.778,"body":"And what the US mint makes are"},{"speaker":"Dana Samuelson","startTime":1658.508,"endTime":1661.778,"body":"gold and silver eagles, right?"},{"speaker":"Dana Samuelson","startTime":1661.808,"endTime":1667.448,"body":"Precious metals, coins, and we we're"},{"speaker":"Dana Samuelson","startTime":1661.808,"endTime":1667.448,"body":"successful in getting this done."},{"speaker":"Dana Samuelson","startTime":1667.628,"endTime":1671.048,"body":"It's one of my greatest accomplishments"},{"speaker":"Dana Samuelson","startTime":1667.628,"endTime":1671.048,"body":"in the industry in a way to give back."},{"speaker":"Dana Samuelson","startTime":1671.538,"endTime":1675.528,"body":"The US Mint changed the design for the"},{"speaker":"Dana Samuelson","startTime":1671.538,"endTime":1675.528,"body":"first time on their gold and silver"},{"speaker":"Dana Samuelson","startTime":1675.533,"endTime":1683.118,"body":"Eagles in 2021 to update the picture"},{"speaker":"Dana Samuelson","startTime":1675.533,"endTime":1683.118,"body":"on the coin to make it harder to, for"},{"speaker":"Dana Samuelson","startTime":1683.118,"endTime":1686.418,"body":"the Chinese to replicate other mints"},{"speaker":"Dana Samuelson","startTime":1683.118,"endTime":1686.418,"body":"around the world have been doing it"},{"speaker":"Dana Samuelson","startTime":1686.418,"endTime":1687.918,"body":"for a couple of years before that."},{"speaker":"Dana Samuelson","startTime":1688.518,"endTime":1691.813,"body":"The biggest thing is if you're"},{"speaker":"Dana Samuelson","startTime":1688.518,"endTime":1691.813,"body":"doing business in physical, precious"},{"speaker":"Dana Samuelson","startTime":1691.813,"endTime":1696.898,"body":"metals, do business with a longtime"},{"speaker":"Dana Samuelson","startTime":1691.813,"endTime":1696.898,"body":"dealer of the community, preferably a"},{"speaker":"Dana Samuelson","startTime":1696.898,"endTime":1702.048,"body":"member who's a business that's a PNG"},{"speaker":"Dana Samuelson","startTime":1696.898,"endTime":1702.048,"body":"member like myself and who has a good"},{"speaker":"Dana Samuelson","startTime":1702.048,"endTime":1703.608,"body":"chain of custody on their product."},{"speaker":"Dana Samuelson","startTime":1704.343,"endTime":1707.043,"body":"So there are mint distributors"},{"speaker":"Dana Samuelson","startTime":1704.343,"endTime":1707.043,"body":"I buy from a Mint distributor"},{"speaker":"Dana Samuelson","startTime":1707.043,"endTime":1708.303,"body":"and go direct to the public."},{"speaker":"Dana Samuelson","startTime":1709.053,"endTime":1710.853,"body":"But it's not a big problem."},{"speaker":"Dana Samuelson","startTime":1710.973,"endTime":1713.793,"body":"But if you try and if you go"},{"speaker":"Dana Samuelson","startTime":1710.973,"endTime":1713.793,"body":"to a pawn shop, they don't know"},{"speaker":"Dana Samuelson","startTime":1713.793,"endTime":1714.603,"body":"what they're doing in there."},{"speaker":"Dana Samuelson","startTime":1714.773,"endTime":1717.443,"body":"They buy stuff and they can get bad"},{"speaker":"Dana Samuelson","startTime":1714.773,"endTime":1717.443,"body":"merchandise and they don't know it."},{"speaker":"Dana Samuelson","startTime":1717.773,"endTime":1720.948,"body":"And there are sellers that, try"},{"speaker":"Dana Samuelson","startTime":1717.773,"endTime":1720.948,"body":"to resell to the public who can"},{"speaker":"Dana Samuelson","startTime":1720.948,"endTime":1722.328,"body":"buy out of China themselves."},{"speaker":"Dana Samuelson","startTime":1722.778,"endTime":1724.008,"body":"So you just have to be careful."},{"speaker":"Dana Samuelson","startTime":1724.498,"endTime":1728.338,"body":"So there are anti-counterfeiting"},{"speaker":"Dana Samuelson","startTime":1724.498,"endTime":1728.338,"body":"devices that have been added"},{"speaker":"Dana Samuelson","startTime":1728.338,"endTime":1730.408,"body":"to the designs of the Canadian."},{"speaker":"Dana Samuelson","startTime":1731.203,"endTime":1734.593,"body":"Maple Leafs, which are another"},{"speaker":"Dana Samuelson","startTime":1731.203,"endTime":1734.593,"body":"big product, gold and silver."},{"speaker":"Dana Samuelson","startTime":1734.593,"endTime":1737.293,"body":"Maple Leafs minted"},{"speaker":"Dana Samuelson","startTime":1734.593,"endTime":1737.293,"body":"outta Canada since 1979."},{"speaker":"Dana Samuelson","startTime":1737.723,"endTime":1743.213,"body":"Austrian Gold and Silver, Phil"},{"speaker":"Dana Samuelson","startTime":1737.723,"endTime":1743.213,"body":"Harmonics, British Britannia all these"},{"speaker":"Dana Samuelson","startTime":1743.218,"endTime":1746.693,"body":"mints have added anti counterfeiting"},{"speaker":"Dana Samuelson","startTime":1743.218,"endTime":1746.693,"body":"design elements to their coins."},{"speaker":"Dana Samuelson","startTime":1746.693,"endTime":1747.353,"body":"They're hard to see."},{"speaker":"Dana Samuelson","startTime":1747.353,"endTime":1750.173,"body":"If you don't know where to look, you"},{"speaker":"Dana Samuelson","startTime":1747.353,"endTime":1750.173,"body":"may miss 'em, but they make it really"},{"speaker":"Dana Samuelson","startTime":1750.173,"endTime":1752.813,"body":"hard for the Chinese to replicate."},{"speaker":"Dana Samuelson","startTime":1753.533,"endTime":1754.983,"body":"And we even had Gucci."},{"speaker":"Dana Samuelson","startTime":1755.538,"endTime":1758.598,"body":"The handbag company came to us"},{"speaker":"Dana Samuelson","startTime":1755.538,"endTime":1758.598,"body":"and said, how did you get the"},{"speaker":"Dana Samuelson","startTime":1758.598,"endTime":1760.008,"body":"Secret Service to help you?"},{"speaker":"Dana Samuelson","startTime":1760.008,"endTime":1762.078,"body":"We've been trying to"},{"speaker":"Dana Samuelson","startTime":1760.008,"endTime":1762.078,"body":"get em to do it forever."},{"speaker":"Dana Samuelson","startTime":1762.118,"endTime":1764.278,"body":"They're counterfeiting US mint product."},{"speaker":"Dana Samuelson","startTime":1764.278,"endTime":1768.578,"body":"That was a little easier for us, but the"},{"speaker":"Dana Samuelson","startTime":1764.278,"endTime":1768.578,"body":"reason I was able to think of this so"},{"speaker":"Dana Samuelson","startTime":1768.578,"endTime":1773.873,"body":"easily was I was in the room when Jim"},{"speaker":"Dana Samuelson","startTime":1768.578,"endTime":1773.873,"body":"Blanchard, I came up with the industry"},{"speaker":"Dana Samuelson","startTime":1773.873,"endTime":1778.523,"body":"lobbying organization that we've worked"},{"speaker":"Dana Samuelson","startTime":1773.873,"endTime":1778.523,"body":"with to help get sales tax issues and"},{"speaker":"Dana Samuelson","startTime":1778.523,"endTime":1780.813,"body":"other, regulatory stuff as an industry."},{"speaker":"Dana Samuelson","startTime":1780.818,"endTime":1784.953,"body":"So I was in the room in 1982 when"},{"speaker":"Dana Samuelson","startTime":1780.818,"endTime":1784.953,"body":"Jim thought up that organization."},{"speaker":"Dana Samuelson","startTime":1784.953,"endTime":1787.563,"body":"So when the problem was presented"},{"speaker":"Dana Samuelson","startTime":1784.953,"endTime":1787.563,"body":"to me as b and g president"},{"speaker":"Dana Samuelson","startTime":1787.953,"endTime":1789.723,"body":"2016, it was a no-brainer."},{"speaker":"Dana Samuelson","startTime":1789.753,"endTime":1790.893,"body":"This is what we have to do."},{"speaker":"Average Joe Finances","startTime":1791.283,"endTime":1791.463,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1791.463,"endTime":1794.463,"body":"You were able to go back to that and you"},{"speaker":"Average Joe Finances","startTime":1791.463,"endTime":1794.463,"body":"had, you already had this in your mind"},{"speaker":"Average Joe Finances","startTime":1794.463,"endTime":1796.148,"body":"that this is the way to go that's awesome."},{"speaker":"Average Joe Finances","startTime":1797.573,"endTime":1798.233,"body":"Yeah, Dana."},{"speaker":"Average Joe Finances","startTime":1798.233,"endTime":1799.973,"body":"So I definitely appreciate"},{"speaker":"Average Joe Finances","startTime":1798.233,"endTime":1799.973,"body":"you sharing that with me."},{"speaker":"Average Joe Finances","startTime":1799.973,"endTime":1802.173,"body":"I just as I was looking through"},{"speaker":"Average Joe Finances","startTime":1799.973,"endTime":1802.173,"body":"your background, I was like,"},{"speaker":"Average Joe Finances","startTime":1802.233,"endTime":1803.373,"body":"oh, I wanna ask about this."},{"speaker":"Average Joe Finances","startTime":1803.373,"endTime":1806.073,"body":"I was like, working with the Secret"},{"speaker":"Average Joe Finances","startTime":1803.373,"endTime":1806.073,"body":"Service and Homeland Security to"},{"speaker":"Average Joe Finances","startTime":1806.078,"endTime":1807.693,"body":"like battle, like counterfeits."},{"speaker":"Average Joe Finances","startTime":1807.698,"endTime":1811.243,"body":"That's awesome because like I said,"},{"speaker":"Average Joe Finances","startTime":1807.698,"endTime":1811.243,"body":"I've seen a lot of that stuff."},{"speaker":"Average Joe Finances","startTime":1811.243,"endTime":1811.303,"body":"I."},{"speaker":"Average Joe Finances","startTime":1811.428,"endTime":1814.798,"body":"In the past stuff for sale it's"},{"speaker":"Average Joe Finances","startTime":1811.428,"endTime":1814.798,"body":"at a much cheaper price than"},{"speaker":"Average Joe Finances","startTime":1814.798,"endTime":1816.148,"body":"what the going rate for gold is."},{"speaker":"Average Joe Finances","startTime":1816.148,"endTime":1817.438,"body":"And you're like, why?"},{"speaker":"Average Joe Finances","startTime":1817.768,"endTime":1820.078,"body":"Why are you selling gold"},{"speaker":"Average Joe Finances","startTime":1817.768,"endTime":1820.078,"body":"at a much cheaper price?"},{"speaker":"Average Joe Finances","startTime":1820.078,"endTime":1820.948,"body":"Is it real?"},{"speaker":"Average Joe Finances","startTime":1821.198,"endTime":1821.282,"body":"Exactly."},{"speaker":"Average Joe Finances","startTime":1821.282,"endTime":1821.882,"body":"That's the thing."},{"speaker":"Average Joe Finances","startTime":1821.882,"endTime":1823.292,"body":"You gotta start asking those questions."},{"speaker":"Average Joe Finances","startTime":1823.297,"endTime":1827.127,"body":"No I appreciate that because, a lot of"},{"speaker":"Average Joe Finances","startTime":1823.297,"endTime":1827.127,"body":"people will get a little hung up on that."},{"speaker":"Average Joe Finances","startTime":1827.177,"endTime":1828.727,"body":"Same thing with money, right?"},{"speaker":"Average Joe Finances","startTime":1828.727,"endTime":1830.327,"body":"With the counterfeit currencies."},{"speaker":"Average Joe Finances","startTime":1830.607,"endTime":1834.507,"body":"That all the time you might not"},{"speaker":"Average Joe Finances","startTime":1830.607,"endTime":1834.507,"body":"know that the person paid you with a"},{"speaker":"Average Joe Finances","startTime":1834.507,"endTime":1835.617,"body":"counterfeit a hundred dollars bill."},{"speaker":"Average Joe Finances","startTime":1836.257,"endTime":1839.382,"body":"But if you take it to a store and"},{"speaker":"Average Joe Finances","startTime":1836.257,"endTime":1839.382,"body":"they swipe that little marker on"},{"speaker":"Average Joe Finances","startTime":1839.382,"endTime":1842.722,"body":"it, and they can tell right away,"},{"speaker":"Average Joe Finances","startTime":1839.382,"endTime":1842.722,"body":"sometimes they, they get good, they get"},{"speaker":"Average Joe Finances","startTime":1842.722,"endTime":1844.372,"body":"really good at making it look legit."},{"speaker":"Average Joe Finances","startTime":1844.642,"endTime":1847.372,"body":"So to the naked eye, you"},{"speaker":"Average Joe Finances","startTime":1844.642,"endTime":1847.372,"body":"might think you're good to go."},{"speaker":"Average Joe Finances","startTime":1847.672,"endTime":1851.182,"body":"But it's very important that you know that"},{"speaker":"Average Joe Finances","startTime":1847.672,"endTime":1851.182,"body":"you've worked with somebody that's trained"},{"speaker":"Average Joe Finances","startTime":1851.422,"endTime":1852.532,"body":"and they're giving you a good product."},{"speaker":"Average Joe Finances","startTime":1852.532,"endTime":1855.412,"body":"That's why the American Gold"},{"speaker":"Average Joe Finances","startTime":1852.532,"endTime":1855.412,"body":"Exchange is probably a really"},{"speaker":"Average Joe Finances","startTime":1855.412,"endTime":1856.962,"body":"good place to buy your gold."},{"speaker":"Dana Samuelson","startTime":1857.012,"endTime":1859.292,"body":"Well, it was"},{"speaker":"Dana Samuelson","startTime":1857.012,"endTime":1859.292,"body":"incumbent upon us to help protect"},{"speaker":"Dana Samuelson","startTime":1859.292,"endTime":1860.432,"body":"the integrity of the product."},{"speaker":"Average Joe Finances","startTime":1860.432,"endTime":1860.433,"body":"Absolutely."},{"speaker":"Dana Samuelson","startTime":1860.438,"endTime":1862.172,"body":"Or else we"},{"speaker":"Dana Samuelson","startTime":1860.438,"endTime":1862.172,"body":"don't have business anymore"},{"speaker":"Dana Samuelson","startTime":1862.172,"endTime":1863.282,"body":"without that, what do we have?"},{"speaker":"Dana Samuelson","startTime":1863.282,"endTime":1864.092,"body":"We don't have anything."},{"speaker":"Average Joe Finances","startTime":1864.452,"endTime":1864.722,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1864.752,"endTime":1865.502,"body":"No, I love that."},{"speaker":"Average Joe Finances","startTime":1865.892,"endTime":1866.312,"body":"I love that."},{"speaker":"Average Joe Finances","startTime":1866.362,"endTime":1869.902,"body":"Dana, I wanna go ahead and"},{"speaker":"Average Joe Finances","startTime":1866.362,"endTime":1869.902,"body":"transition this into something"},{"speaker":"Average Joe Finances","startTime":1869.902,"endTime":1871.042,"body":"that I call the final round."},{"speaker":"Average Joe Finances","startTime":1871.492,"endTime":1874.132,"body":"It's where I'm gonna ask you the same four"},{"speaker":"Average Joe Finances","startTime":1871.492,"endTime":1874.132,"body":"questions I ask everybody that comes on"},{"speaker":"Average Joe Finances","startTime":1874.132,"endTime":1878.722,"body":"the show, and it helps us dig a little"},{"speaker":"Average Joe Finances","startTime":1874.132,"endTime":1878.722,"body":"bit deeper into your character when you're"},{"speaker":"Average Joe Finances","startTime":1878.722,"endTime":1881.452,"body":"put under a slight little bit of pressure."},{"speaker":"Average Joe Finances","startTime":1881.812,"endTime":1883.732,"body":"So if you're ready to go,"},{"speaker":"Average Joe Finances","startTime":1881.812,"endTime":1883.732,"body":"we'll get that party started."},{"speaker":"Dana Samuelson","startTime":1884.392,"endTime":1885.022,"body":"I'm ready."},{"speaker":"Average Joe Finances","startTime":1885.442,"endTime":1886.252,"body":"Alright, let's do this."},{"speaker":"Average Joe Finances","startTime":1886.252,"endTime":1889.892,"body":"So Dana the first question of"},{"speaker":"Average Joe Finances","startTime":1886.252,"endTime":1889.892,"body":"the final round is, what's the"},{"speaker":"Average Joe Finances","startTime":1889.892,"endTime":1894.092,"body":"biggest mistake you've ever made"},{"speaker":"Average Joe Finances","startTime":1889.892,"endTime":1894.092,"body":"when it comes to your finances?"},{"speaker":"Average Joe Finances","startTime":1894.242,"endTime":1896.782,"body":"Investing real estate or"},{"speaker":"Average Joe Finances","startTime":1894.242,"endTime":1896.782,"body":"just business in general?"},{"speaker":"Dana Samuelson","startTime":1897.262,"endTime":1900.082,"body":"I didn't pay enough"},{"speaker":"Dana Samuelson","startTime":1897.262,"endTime":1900.082,"body":"attention to my own investments"},{"speaker":"Dana Samuelson","startTime":1900.172,"endTime":1901.942,"body":"in the, in stocks and bonds."},{"speaker":"Dana Samuelson","startTime":1902.332,"endTime":1905.452,"body":"When I first had the wherewithal"},{"speaker":"Dana Samuelson","startTime":1902.332,"endTime":1905.452,"body":"to do I was a passive investor,"},{"speaker":"Dana Samuelson","startTime":1905.452,"endTime":1906.802,"body":"more of a buy and hold investor."},{"speaker":"Dana Samuelson","startTime":1906.832,"endTime":1910.072,"body":"'cause I was busy running a business and"},{"speaker":"Dana Samuelson","startTime":1906.832,"endTime":1910.072,"body":"I didn't pay enough attention to them."},{"speaker":"Dana Samuelson","startTime":1910.432,"endTime":1916.562,"body":"So I underperformed dramatically at times"},{"speaker":"Dana Samuelson","startTime":1910.432,"endTime":1916.562,"body":"and it's just something that you have to"},{"speaker":"Dana Samuelson","startTime":1916.562,"endTime":1922.662,"body":"just be continually monitoring and you"},{"speaker":"Dana Samuelson","startTime":1916.562,"endTime":1922.662,"body":"have to continually educate yourself."},{"speaker":"Dana Samuelson","startTime":1922.712,"endTime":1923.522,"body":"On what's happening."},{"speaker":"Dana Samuelson","startTime":1923.612,"endTime":1927.062,"body":"So I spend a lot of time looking"},{"speaker":"Dana Samuelson","startTime":1923.612,"endTime":1927.062,"body":"at the markets right now, macro"},{"speaker":"Dana Samuelson","startTime":1927.062,"endTime":1932.442,"body":"events to understand what's coming"},{"speaker":"Dana Samuelson","startTime":1927.062,"endTime":1932.442,"body":"so I can be nimble and be more"},{"speaker":"Dana Samuelson","startTime":1932.442,"endTime":1934.212,"body":"effective in managing my own money."},{"speaker":"Dana Samuelson","startTime":1934.782,"endTime":1937.782,"body":"So you have to, you just can't"},{"speaker":"Dana Samuelson","startTime":1934.782,"endTime":1937.782,"body":"do it the way it used to be."},{"speaker":"Dana Samuelson","startTime":1937.782,"endTime":1940.897,"body":"Buy a mutual fund and just let it"},{"speaker":"Dana Samuelson","startTime":1937.782,"endTime":1940.897,"body":"go, that stuff doesn't work anymore."},{"speaker":"Average Joe Finances","startTime":1941.782,"endTime":1942.837,"body":"No I love that now."},{"speaker":"Average Joe Finances","startTime":1942.907,"endTime":1946.667,"body":"I do buy mutual funds a little"},{"speaker":"Average Joe Finances","startTime":1942.907,"endTime":1946.667,"body":"bit myself, but it's very little."},{"speaker":"Average Joe Finances","startTime":1946.667,"endTime":1948.072,"body":"I like to diversify."},{"speaker":"Average Joe Finances","startTime":1948.072,"endTime":1951.672,"body":"I love real estate and I buy real"},{"speaker":"Average Joe Finances","startTime":1948.072,"endTime":1951.672,"body":"estate in different markets because"},{"speaker":"Average Joe Finances","startTime":1951.772,"endTime":1955.327,"body":"just like everything else, even my real"},{"speaker":"Average Joe Finances","startTime":1951.772,"endTime":1955.327,"body":"estate, I wanna diversify that as well."},{"speaker":"Average Joe Finances","startTime":1955.657,"endTime":1957.967,"body":"'cause markets are, can be very specific."},{"speaker":"Average Joe Finances","startTime":1957.997,"endTime":1959.107,"body":"Definitely appreciate that answer."},{"speaker":"Average Joe Finances","startTime":1959.107,"endTime":1962.797,"body":"So the next question I have ties"},{"speaker":"Average Joe Finances","startTime":1959.107,"endTime":1962.797,"body":"into the last one, and that is, what"},{"speaker":"Average Joe Finances","startTime":1962.797,"endTime":1964.147,"body":"is something that you've learned?"},{"speaker":"Average Joe Finances","startTime":1964.852,"endTime":1967.132,"body":"That you wish you knew"},{"speaker":"Average Joe Finances","startTime":1964.852,"endTime":1967.132,"body":"when you first got started?"},{"speaker":"Dana Samuelson","startTime":1968.542,"endTime":1971.332,"body":"How to"},{"speaker":"Dana Samuelson","startTime":1968.542,"endTime":1971.332,"body":"build real wealth over time."},{"speaker":"Dana Samuelson","startTime":1972.152,"endTime":1976.532,"body":"I was so busy building my career with"},{"speaker":"Dana Samuelson","startTime":1972.152,"endTime":1976.532,"body":"Blanchard and Company, then establishing"},{"speaker":"Dana Samuelson","startTime":1976.532,"endTime":1980.672,"body":"my company that it wasn't until the last"},{"speaker":"Dana Samuelson","startTime":1976.532,"endTime":1980.672,"body":"10 years or so that I've really learned"},{"speaker":"Dana Samuelson","startTime":1980.912,"endTime":1984.212,"body":"the most effective ways to build wealth."},{"speaker":"Dana Samuelson","startTime":1984.392,"endTime":1990.792,"body":"And if I learned these things early on I"},{"speaker":"Dana Samuelson","startTime":1984.392,"endTime":1990.792,"body":"would have a bigger pile of wealth today."},{"speaker":"Dana Samuelson","startTime":1991.557,"endTime":1992.967,"body":"But that doesn't mean it's too late."},{"speaker":"Dana Samuelson","startTime":1993.057,"endTime":1993.267,"body":"That's right."},{"speaker":"Dana Samuelson","startTime":1993.322,"endTime":1997.612,"body":"And tax advantages, how to use"},{"speaker":"Dana Samuelson","startTime":1993.322,"endTime":1997.612,"body":"the tax code to your advantage"},{"speaker":"Dana Samuelson","startTime":1998.132,"endTime":2002.872,"body":"is a wonderful strategy to help"},{"speaker":"Dana Samuelson","startTime":1998.132,"endTime":2002.872,"body":"compound your wealth over time."},{"speaker":"Dana Samuelson","startTime":2003.232,"endTime":2005.992,"body":"I didn't learn these things until"},{"speaker":"Dana Samuelson","startTime":2003.232,"endTime":2005.992,"body":"I got to be friends with Robert"},{"speaker":"Dana Samuelson","startTime":2005.992,"endTime":2009.652,"body":"Kiyosaki and part of his team, and"},{"speaker":"Dana Samuelson","startTime":2005.992,"endTime":2009.652,"body":"real estate has some of the best tax"},{"speaker":"Dana Samuelson","startTime":2009.652,"endTime":2011.272,"body":"advantages you're gonna find anywhere."},{"speaker":"Dana Samuelson","startTime":2012.412,"endTime":2013.832,"body":"That's why it's, I love it too."},{"speaker":"Average Joe Finances","startTime":2014.702,"endTime":2015.577,"body":"No I love that."},{"speaker":"Average Joe Finances","startTime":2015.577,"endTime":2016.087,"body":"I love that."},{"speaker":"Average Joe Finances","startTime":2016.087,"endTime":2017.077,"body":"Thank you so much Dana."},{"speaker":"Average Joe Finances","startTime":2017.377,"endTime":2017.707,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2017.887,"endTime":2022.477,"body":"So the next question again, ties into"},{"speaker":"Average Joe Finances","startTime":2017.887,"endTime":2022.477,"body":"the last one, but do you have any tips or"},{"speaker":"Average Joe Finances","startTime":2022.482,"endTime":2026.167,"body":"tricks that you would recommend to someone"},{"speaker":"Average Joe Finances","startTime":2022.482,"endTime":2026.167,"body":"that is just getting started out today?"},{"speaker":"Average Joe Finances","startTime":2026.447,"endTime":2031.937,"body":"Let's say the average Joe that's"},{"speaker":"Average Joe Finances","startTime":2026.447,"endTime":2031.937,"body":"working their W two and they just"},{"speaker":"Average Joe Finances","startTime":2031.937,"endTime":2035.987,"body":"paid off their consumer debt, and"},{"speaker":"Average Joe Finances","startTime":2031.937,"endTime":2035.987,"body":"they're like, I wanna put my money"},{"speaker":"Average Joe Finances","startTime":2035.987,"endTime":2037.157,"body":"somewhere, or, what should I do?"},{"speaker":"Dana Samuelson","startTime":2038.522,"endTime":2042.302,"body":"Invest in your"},{"speaker":"Dana Samuelson","startTime":2038.522,"endTime":2042.302,"body":"own financial education, right?"},{"speaker":"Dana Samuelson","startTime":2042.302,"endTime":2048.392,"body":"You really need to learn how to manage"},{"speaker":"Dana Samuelson","startTime":2042.302,"endTime":2048.392,"body":"your money, how markets work how to"},{"speaker":"Dana Samuelson","startTime":2048.392,"endTime":2054.182,"body":"compound your wealth and find what"},{"speaker":"Dana Samuelson","startTime":2048.392,"endTime":2054.182,"body":"you like to do, and then study it."},{"speaker":"Dana Samuelson","startTime":2054.272,"endTime":2059.162,"body":"Go find a mentor if you can, someone to"},{"speaker":"Dana Samuelson","startTime":2054.272,"endTime":2059.162,"body":"help you, someone that has experience."},{"speaker":"Dana Samuelson","startTime":2060.707,"endTime":2063.137,"body":"I had a mentor in my career,"},{"speaker":"Dana Samuelson","startTime":2060.707,"endTime":2063.137,"body":"which was Jim Blanchard."},{"speaker":"Dana Samuelson","startTime":2063.217,"endTime":2066.052,"body":"I wouldn't have the career that I'd"},{"speaker":"Dana Samuelson","startTime":2063.217,"endTime":2066.052,"body":"have today if it wasn't for Jim."},{"speaker":"Dana Samuelson","startTime":2066.662,"endTime":2068.522,"body":"But that wasn't about financial investing."},{"speaker":"Dana Samuelson","startTime":2069.132,"endTime":2073.052,"body":"Also, find seminars where you can learn"},{"speaker":"Dana Samuelson","startTime":2069.132,"endTime":2073.052,"body":"more and that, and there's so much"},{"speaker":"Dana Samuelson","startTime":2073.052,"endTime":2076.712,"body":"information that's at your fingertips"},{"speaker":"Dana Samuelson","startTime":2073.052,"endTime":2076.712,"body":"today that it's never been before,"},{"speaker":"Dana Samuelson","startTime":2076.717,"endTime":2081.182,"body":"like podcasts like this where you"},{"speaker":"Dana Samuelson","startTime":2076.717,"endTime":2081.182,"body":"can learn at the push of a button or"},{"speaker":"Dana Samuelson","startTime":2081.182,"endTime":2083.342,"body":"go into 10 seminars or conferences."},{"speaker":"Dana Samuelson","startTime":2084.272,"endTime":2087.292,"body":"Where you can learn from"},{"speaker":"Dana Samuelson","startTime":2084.272,"endTime":2087.292,"body":"experts and meet them in person."},{"speaker":"Dana Samuelson","startTime":2087.562,"endTime":2090.322,"body":"So just invest in your"},{"speaker":"Dana Samuelson","startTime":2087.562,"endTime":2090.322,"body":"own financial future."},{"speaker":"Dana Samuelson","startTime":2090.322,"endTime":2093.952,"body":"That's one of the things that Robert"},{"speaker":"Dana Samuelson","startTime":2090.322,"endTime":2093.952,"body":"Kiyosaki is so upset about is our"},{"speaker":"Dana Samuelson","startTime":2093.952,"endTime":2097.742,"body":"educational system doesn't teach"},{"speaker":"Dana Samuelson","startTime":2093.952,"endTime":2097.742,"body":"us how to manage money properly."},{"speaker":"Average Joe Finances","startTime":2098.612,"endTime":2099.762,"body":"No, I love that answer."},{"speaker":"Average Joe Finances","startTime":2099.812,"endTime":2103.562,"body":"It's actually almost the same exact way"},{"speaker":"Average Joe Finances","startTime":2099.812,"endTime":2103.562,"body":"I would answer that question as well."},{"speaker":"Average Joe Finances","startTime":2103.902,"endTime":2106.842,"body":"Because it is very important to"},{"speaker":"Average Joe Finances","startTime":2103.902,"endTime":2106.842,"body":"invest in yourself and invest"},{"speaker":"Average Joe Finances","startTime":2106.842,"endTime":2108.072,"body":"in your financial education."},{"speaker":"Average Joe Finances","startTime":2108.362,"endTime":2112.982,"body":"Go buy the book that's gonna help you"},{"speaker":"Average Joe Finances","startTime":2108.362,"endTime":2112.982,"body":"go pay for the conference or the seminar"},{"speaker":"Average Joe Finances","startTime":2113.192,"endTime":2116.552,"body":"that you're gonna learn something at,"},{"speaker":"Average Joe Finances","startTime":2113.192,"endTime":2116.552,"body":"whatever it is that you're interested in."},{"speaker":"Average Joe Finances","startTime":2116.552,"endTime":2122.102,"body":"Put your time, money, and effort into"},{"speaker":"Average Joe Finances","startTime":2116.552,"endTime":2122.102,"body":"that, and it's gonna pay off in dividends."},{"speaker":"Average Joe Finances","startTime":2122.102,"endTime":2124.772,"body":"Whatever you put into it,"},{"speaker":"Average Joe Finances","startTime":2122.102,"endTime":2124.772,"body":"you will get back 10 x."},{"speaker":"Average Joe Finances","startTime":2125.142,"endTime":2126.432,"body":"Yeah, I absolutely love that."},{"speaker":"Average Joe Finances","startTime":2126.822,"endTime":2131.477,"body":"And speaking of Robert Kiyosaki and just"},{"speaker":"Average Joe Finances","startTime":2126.822,"endTime":2131.477,"body":"the financial education and financial"},{"speaker":"Average Joe Finances","startTime":2131.477,"endTime":2136.017,"body":"literacy of the education system today,"},{"speaker":"Average Joe Finances","startTime":2131.477,"endTime":2136.017,"body":"I gotta say, I've got the cashflow"},{"speaker":"Average Joe Finances","startTime":2136.017,"endTime":2139.322,"body":"game for kids, and my kids love it."},{"speaker":"Average Joe Finances","startTime":2139.502,"endTime":2141.872,"body":"They wanna play it all the"},{"speaker":"Average Joe Finances","startTime":2139.502,"endTime":2141.872,"body":"time, and they kick my butt."},{"speaker":"Average Joe Finances","startTime":2142.782,"endTime":2145.702,"body":"They go in there and they get all the"},{"speaker":"Average Joe Finances","startTime":2142.782,"endTime":2145.702,"body":"good real estate and I'm stuck here"},{"speaker":"Average Joe Finances","startTime":2145.702,"endTime":2148.972,"body":"with with some stocks and bonds and"},{"speaker":"Average Joe Finances","startTime":2145.702,"endTime":2148.972,"body":"I'm like, you guys are kicking my butt."},{"speaker":"Average Joe Finances","startTime":2149.402,"endTime":2150.907,"body":"And oh look, I'm financially free."},{"speaker":"Average Joe Finances","startTime":2150.907,"endTime":2151.687,"body":"Where are you at dad?"},{"speaker":"Average Joe Finances","startTime":2151.687,"endTime":2154.777,"body":"I'm like, I'm still like"},{"speaker":"Average Joe Finances","startTime":2151.687,"endTime":2154.777,"body":"$2,000 off and I'm in debt."},{"speaker":"Dana Samuelson","startTime":2154.832,"endTime":2157.052,"body":"Good for"},{"speaker":"Dana Samuelson","startTime":2154.832,"endTime":2157.052,"body":"you because you're investing"},{"speaker":"Dana Samuelson","startTime":2157.052,"endTime":2158.402,"body":"in their financial future."},{"speaker":"Dana Samuelson","startTime":2158.432,"endTime":2159.032,"body":"Oh, absolutely."},{"speaker":"Dana Samuelson","startTime":2159.032,"endTime":2159.692,"body":"And they're young."},{"speaker":"Dana Samuelson","startTime":2159.812,"endTime":2161.432,"body":"They're 13 and what, 11 and 13?"},{"speaker":"Dana Samuelson","startTime":2161.732,"endTime":2161.942,"body":"Yep."},{"speaker":"Dana Samuelson","startTime":2162.082,"endTime":2162.232,"body":"Yep."},{"speaker":"Dana Samuelson","startTime":2162.472,"endTime":2163.402,"body":"That's fantastic."},{"speaker":"Dana Samuelson","startTime":2163.582,"endTime":2164.392,"body":"That's fantastic."},{"speaker":"Average Joe Finances","startTime":2164.692,"endTime":2165.022,"body":"Thank you."},{"speaker":"Average Joe Finances","startTime":2165.022,"endTime":2165.412,"body":"Thank you."},{"speaker":"Average Joe Finances","startTime":2165.862,"endTime":2166.252,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2167.182,"endTime":2169.312,"body":"So Dana, final question"},{"speaker":"Average Joe Finances","startTime":2167.182,"endTime":2169.312,"body":"of the final round."},{"speaker":"Average Joe Finances","startTime":2169.952,"endTime":2175.052,"body":"And that is, do you have a favorite"},{"speaker":"Average Joe Finances","startTime":2169.952,"endTime":2175.052,"body":"business investing or real estate"},{"speaker":"Average Joe Finances","startTime":2175.052,"endTime":2177.872,"body":"related book or podcast or both?"},{"speaker":"Dana Samuelson","startTime":2178.962,"endTime":2179.202,"body":"I do."},{"speaker":"Dana Samuelson","startTime":2179.202,"endTime":2182.942,"body":"Rich Dad, poor Dad because it's so basic"},{"speaker":"Dana Samuelson","startTime":2179.202,"endTime":2182.942,"body":"and everybody can grab ahold of it."},{"speaker":"Dana Samuelson","startTime":2182.942,"endTime":2184.502,"body":"I'm sure you've talked about it before."},{"speaker":"Dana Samuelson","startTime":2185.052,"endTime":2187.452,"body":"From my personal, oh, there you go."},{"speaker":"Dana Samuelson","startTime":2187.502,"endTime":2192.392,"body":"From my personal perspective this is a"},{"speaker":"Dana Samuelson","startTime":2187.502,"endTime":2192.392,"body":"great book for people to learn about."},{"speaker":"Dana Samuelson","startTime":2193.247,"endTime":2197.267,"body":"The financial system, how it"},{"speaker":"Dana Samuelson","startTime":2193.247,"endTime":2197.267,"body":"was, and how it's transformed."},{"speaker":"Dana Samuelson","startTime":2197.657,"endTime":2205.577,"body":"It's called Three Days at Camp David"},{"speaker":"Dana Samuelson","startTime":2197.657,"endTime":2205.577,"body":"by Jeffrey Garten, and it's written"},{"speaker":"Dana Samuelson","startTime":2205.787,"endTime":2211.247,"body":"in the layman's terms, but Jeffrey"},{"speaker":"Dana Samuelson","startTime":2205.787,"endTime":2211.247,"body":"Garten's also an an economic expert."},{"speaker":"Dana Samuelson","startTime":2211.877,"endTime":2217.217,"body":"This explains how the monetary"},{"speaker":"Dana Samuelson","startTime":2211.877,"endTime":2217.217,"body":"system worked up until the 1970s."},{"speaker":"Dana Samuelson","startTime":2219.017,"endTime":2222.677,"body":"When we went off the gold standard,"},{"speaker":"Dana Samuelson","startTime":2219.017,"endTime":2222.677,"body":"this is about going off of the gold"},{"speaker":"Dana Samuelson","startTime":2222.677,"endTime":2227.417,"body":"standard in 1971, that's when Nixon"},{"speaker":"Dana Samuelson","startTime":2222.677,"endTime":2227.417,"body":"shocked the world and did that."},{"speaker":"Dana Samuelson","startTime":2227.777,"endTime":2231.857,"body":"But up to that point in time,"},{"speaker":"Dana Samuelson","startTime":2227.777,"endTime":2231.857,"body":"currencies didn't float against"},{"speaker":"Dana Samuelson","startTime":2231.857,"endTime":2233.297,"body":"each other like they do today."},{"speaker":"Dana Samuelson","startTime":2233.837,"endTime":2236.567,"body":"They were pegged against the dollar,"},{"speaker":"Dana Samuelson","startTime":2233.837,"endTime":2236.567,"body":"which was pegged against gold."},{"speaker":"Dana Samuelson","startTime":2236.627,"endTime":2238.757,"body":"Markets don't have the"},{"speaker":"Dana Samuelson","startTime":2236.627,"endTime":2238.757,"body":"volatility that they had."},{"speaker":"Dana Samuelson","startTime":2238.967,"endTime":2242.807,"body":"So this is a great historical"},{"speaker":"Dana Samuelson","startTime":2238.967,"endTime":2242.807,"body":"reference to how markets used to"},{"speaker":"Dana Samuelson","startTime":2242.807,"endTime":2245.747,"body":"work and how they evolved into"},{"speaker":"Dana Samuelson","startTime":2242.807,"endTime":2245.747,"body":"the markets that we have today."},{"speaker":"Dana Samuelson","startTime":2246.152,"endTime":2250.502,"body":"So I like it from a book"},{"speaker":"Dana Samuelson","startTime":2246.152,"endTime":2250.502,"body":"standpoint as a educational tool."},{"speaker":"Dana Samuelson","startTime":2250.502,"endTime":2257.102,"body":"The first 30, 40 pages sum up most of"},{"speaker":"Dana Samuelson","startTime":2250.502,"endTime":2257.102,"body":"what I've just said in really good detail."},{"speaker":"Dana Samuelson","startTime":2257.107,"endTime":2260.662,"body":"Then you go to the details of what you"},{"speaker":"Dana Samuelson","startTime":2257.107,"endTime":2260.662,"body":"know, how they did, what they did to"},{"speaker":"Dana Samuelson","startTime":2260.662,"endTime":2264.477,"body":"get us off the standard, and how the"},{"speaker":"Dana Samuelson","startTime":2260.662,"endTime":2264.477,"body":"dollar came to float freely in the"},{"speaker":"Dana Samuelson","startTime":2264.477,"endTime":2266.997,"body":"world, which it didn't used to do before."},{"speaker":"Dana Samuelson","startTime":2267.417,"endTime":2271.167,"body":"For podcast, there's a"},{"speaker":"Dana Samuelson","startTime":2267.417,"endTime":2271.167,"body":"podcast that I really love."},{"speaker":"Dana Samuelson","startTime":2271.527,"endTime":2273.357,"body":"It's called Macro Voices."},{"speaker":"Dana Samuelson","startTime":2274.497,"endTime":2276.557,"body":"And it comes out every week."},{"speaker":"Dana Samuelson","startTime":2277.157,"endTime":2282.337,"body":"There's a specific topic and it dives"},{"speaker":"Dana Samuelson","startTime":2277.157,"endTime":2282.337,"body":"into the economic condition that"},{"speaker":"Dana Samuelson","startTime":2282.337,"endTime":2286.752,"body":"we're in today, what's happening"},{"speaker":"Dana Samuelson","startTime":2282.337,"endTime":2286.752,"body":"from a geopolitical standpoint,"},{"speaker":"Dana Samuelson","startTime":2286.902,"endTime":2289.062,"body":"from a market specific standpoint."},{"speaker":"Dana Samuelson","startTime":2289.542,"endTime":2291.192,"body":"And it's really well done."},{"speaker":"Dana Samuelson","startTime":2291.222,"endTime":2293.382,"body":"So I like macro voices as well."},{"speaker":"Average Joe Finances","startTime":2294.582,"endTime":2294.972,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":2294.972,"endTime":2295.782,"body":"Thank you so much."},{"speaker":"Average Joe Finances","startTime":2295.782,"endTime":2297.162,"body":"Those are two great recommendations."},{"speaker":"Average Joe Finances","startTime":2297.162,"endTime":2300.012,"body":"As a matter of fact, that is the"},{"speaker":"Average Joe Finances","startTime":2297.162,"endTime":2300.012,"body":"first time I got the recommendation"},{"speaker":"Average Joe Finances","startTime":2300.012,"endTime":2302.212,"body":"for three days in Camp David."},{"speaker":"Average Joe Finances","startTime":2302.217,"endTime":2304.552,"body":"So I'm gonna add that to"},{"speaker":"Average Joe Finances","startTime":2302.217,"endTime":2304.552,"body":"my list and check that out."},{"speaker":"Average Joe Finances","startTime":2304.552,"endTime":2305.932,"body":"That sounds great."},{"speaker":"Average Joe Finances","startTime":2306.292,"endTime":2310.402,"body":"And then Macro Voices, I'm probably gonna"},{"speaker":"Average Joe Finances","startTime":2306.292,"endTime":2310.402,"body":"subscribe to that podcast as well 'cause"},{"speaker":"Average Joe Finances","startTime":2310.402,"endTime":2311.962,"body":"that sounds like it's right up my alley."},{"speaker":"Average Joe Finances","startTime":2311.962,"endTime":2313.702,"body":"Definitely appreciate"},{"speaker":"Average Joe Finances","startTime":2311.962,"endTime":2313.702,"body":"those recommendations."},{"speaker":"Average Joe Finances","startTime":2313.892,"endTime":2315.062,"body":"Dana, that."},{"speaker":"Average Joe Finances","startTime":2315.327,"endTime":2317.457,"body":"Is it for the final round?"},{"speaker":"Average Joe Finances","startTime":2317.787,"endTime":2322.077,"body":"However, I do have another question I"},{"speaker":"Average Joe Finances","startTime":2317.787,"endTime":2322.077,"body":"want to ask you because there, there are"},{"speaker":"Average Joe Finances","startTime":2322.077,"endTime":2325.437,"body":"people that are listening to this podcast"},{"speaker":"Average Joe Finances","startTime":2322.077,"endTime":2325.437,"body":"or watching this on YouTube and they're"},{"speaker":"Average Joe Finances","startTime":2325.442,"endTime":2330.047,"body":"saying,  I feel a lot more comfortable"},{"speaker":"Average Joe Finances","startTime":2325.442,"endTime":2330.047,"body":"about maybe getting into precious metals"},{"speaker":"Average Joe Finances","startTime":2330.052,"endTime":2332.987,"body":"now and they wanna learn more about you."},{"speaker":"Average Joe Finances","startTime":2333.257,"endTime":2335.627,"body":"They wanna learn more about"},{"speaker":"Average Joe Finances","startTime":2333.257,"endTime":2335.627,"body":"the American Gold Exchange."},{"speaker":"Average Joe Finances","startTime":2335.987,"endTime":2339.137,"body":"So where can people find"},{"speaker":"Average Joe Finances","startTime":2335.987,"endTime":2339.137,"body":"additional information on you?"},{"speaker":"Average Joe Finances","startTime":2339.507,"endTime":2340.942,"body":"Or the American Gold Exchange?"},{"speaker":"Average Joe Finances","startTime":2341.122,"endTime":2343.222,"body":"Do you have a website you could"},{"speaker":"Average Joe Finances","startTime":2341.122,"endTime":2343.222,"body":"share with us or any social media"},{"speaker":"Average Joe Finances","startTime":2343.222,"endTime":2345.324,"body":"profiles, anything like that"},{"speaker":"Average Joe Finances","startTime":2343.222,"endTime":2345.324,"body":"where people could check you out?"},{"speaker":"Dana Samuelson","startTime":2346.134,"endTime":2348.112,"body":"Yeah, So our"},{"speaker":"Dana Samuelson","startTime":2346.134,"endTime":2348.112,"body":"company is American Gold Exchange."},{"speaker":"Dana Samuelson","startTime":2348.112,"endTime":2352.612,"body":"We're a national mail order precious"},{"speaker":"Dana Samuelson","startTime":2348.112,"endTime":2352.612,"body":"metals business out of Austin, Texas."},{"speaker":"Dana Samuelson","startTime":2353.242,"endTime":2359.812,"body":"Our website is www.amergold.com."},{"speaker":"Dana Samuelson","startTime":2360.202,"endTime":2364.112,"body":"Our email address is info@amergold.com."},{"speaker":"Dana Samuelson","startTime":2364.132,"endTime":2371.602,"body":"My email address is"},{"speaker":"Dana Samuelson","startTime":2364.132,"endTime":2371.602,"body":"Dana, dana@amergold.com."},{"speaker":"Dana Samuelson","startTime":2372.272,"endTime":2374.787,"body":"We have a pretty simple website."},{"speaker":"Dana Samuelson","startTime":2375.342,"endTime":2376.872,"body":"It's completely transparent."},{"speaker":"Dana Samuelson","startTime":2376.872,"endTime":2383.832,"body":"With live pricing, we only focus in"},{"speaker":"Dana Samuelson","startTime":2376.872,"endTime":2383.832,"body":"the mainstream popular, competitively"},{"speaker":"Dana Samuelson","startTime":2383.832,"endTime":2386.742,"body":"priced, widely traded items."},{"speaker":"Dana Samuelson","startTime":2387.402,"endTime":2389.922,"body":"We could have 2,500 items on our website."},{"speaker":"Dana Samuelson","startTime":2389.927,"endTime":2394.872,"body":"We have about 200 because why"},{"speaker":"Dana Samuelson","startTime":2389.927,"endTime":2394.872,"body":"do you wanna Silver Skull made"},{"speaker":"Dana Samuelson","startTime":2394.872,"endTime":2396.582,"body":"from some Caribbean country?"},{"speaker":"Dana Samuelson","startTime":2396.952,"endTime":2399.862,"body":"If you wanna have a novelty"},{"speaker":"Dana Samuelson","startTime":2396.952,"endTime":2399.862,"body":"item, go find somebody else."},{"speaker":"Dana Samuelson","startTime":2399.862,"endTime":2402.682,"body":"That's not us, but we stick"},{"speaker":"Dana Samuelson","startTime":2399.862,"endTime":2402.682,"body":"with the mainstream products."},{"speaker":"Dana Samuelson","startTime":2402.862,"endTime":2403.312,"body":"Why?"},{"speaker":"Dana Samuelson","startTime":2403.312,"endTime":2404.362,"body":"Because you."},{"speaker":"Dana Samuelson","startTime":2404.782,"endTime":2408.232,"body":"Have sellability liquidity easily."},{"speaker":"Dana Samuelson","startTime":2409.172,"endTime":2412.032,"body":"And we're very competitively"},{"speaker":"Dana Samuelson","startTime":2409.172,"endTime":2412.032,"body":"priced as people will find if"},{"speaker":"Dana Samuelson","startTime":2412.032,"endTime":2413.322,"body":"they do a little shopping around."},{"speaker":"Dana Samuelson","startTime":2413.502,"endTime":2415.452,"body":"We're also consultative in nature."},{"speaker":"Dana Samuelson","startTime":2415.512,"endTime":2416.562,"body":"People have questions."},{"speaker":"Dana Samuelson","startTime":2416.982,"endTime":2420.882,"body":"I have four hand trained account"},{"speaker":"Dana Samuelson","startTime":2416.982,"endTime":2420.882,"body":"managers that will help walk you through"},{"speaker":"Dana Samuelson","startTime":2420.882,"endTime":2422.622,"body":"whatever your questions might be."},{"speaker":"Dana Samuelson","startTime":2422.652,"endTime":2424.722,"body":"What product, what price, what metal."},{"speaker":"Dana Samuelson","startTime":2425.187,"endTime":2426.087,"body":"All those things."},{"speaker":"Dana Samuelson","startTime":2426.147,"endTime":2427.047,"body":"And no pressure."},{"speaker":"Dana Samuelson","startTime":2427.287,"endTime":2427.857,"body":"No pressure."},{"speaker":"Dana Samuelson","startTime":2427.857,"endTime":2433.597,"body":"Our business is based on repeat business"},{"speaker":"Dana Samuelson","startTime":2427.857,"endTime":2433.597,"body":"and referrals, and we do quite well"},{"speaker":"Dana Samuelson","startTime":2433.597,"endTime":2437.017,"body":"with that 'cause we treat people"},{"speaker":"Dana Samuelson","startTime":2433.597,"endTime":2437.017,"body":"like we would like to be treated."},{"speaker":"Average Joe Finances","startTime":2438.937,"endTime":2440.827,"body":"Definitely"},{"speaker":"Average Joe Finances","startTime":2438.937,"endTime":2440.827,"body":"definitely appreciate that Dana."},{"speaker":"Average Joe Finances","startTime":2441.017,"endTime":2443.087,"body":"Even with you giving out your"},{"speaker":"Average Joe Finances","startTime":2441.017,"endTime":2443.087,"body":"personal email address, you're"},{"speaker":"Average Joe Finances","startTime":2443.087,"endTime":2446.057,"body":"brave, so definitely appreciate that."},{"speaker":"Average Joe Finances","startTime":2446.087,"endTime":2446.682,"body":"That's awesome."},{"speaker":"Average Joe Finances","startTime":2446.862,"endTime":2449.622,"body":"I'm gonna make sure we have all of"},{"speaker":"Average Joe Finances","startTime":2446.862,"endTime":2449.622,"body":"those links in the show notes to"},{"speaker":"Average Joe Finances","startTime":2449.627,"endTime":2453.072,"body":"make it easier for our listeners"},{"speaker":"Average Joe Finances","startTime":2449.627,"endTime":2453.072,"body":"to go ahead and check it out."},{"speaker":"Average Joe Finances","startTime":2453.077,"endTime":2454.602,"body":"You can copy and paste or click away."},{"speaker":"Average Joe Finances","startTime":2454.872,"endTime":2457.272,"body":"Just again, please don't"},{"speaker":"Average Joe Finances","startTime":2454.872,"endTime":2457.272,"body":"do it while you're driving."},{"speaker":"Average Joe Finances","startTime":2457.902,"endTime":2461.292,"body":"So that is it, Dana, but I wanted"},{"speaker":"Average Joe Finances","startTime":2457.902,"endTime":2461.292,"body":"to ask you if you had any final"},{"speaker":"Average Joe Finances","startTime":2461.297,"endTime":2462.672,"body":"thoughts for our listeners."},{"speaker":"Dana Samuelson","startTime":2463.797,"endTime":2465.957,"body":"We're in a challenging"},{"speaker":"Dana Samuelson","startTime":2463.797,"endTime":2465.957,"body":"environment, a more challenging"},{"speaker":"Dana Samuelson","startTime":2465.957,"endTime":2469.467,"body":"environment that we've seen in a long"},{"speaker":"Dana Samuelson","startTime":2465.957,"endTime":2469.467,"body":"time because of the higher interest rates."},{"speaker":"Dana Samuelson","startTime":2469.517,"endTime":2471.527,"body":"Inflation continues to drive the bus."},{"speaker":"Dana Samuelson","startTime":2472.077,"endTime":2475.377,"body":"I think inflation's gonna be a"},{"speaker":"Dana Samuelson","startTime":2472.077,"endTime":2475.377,"body":"little bit more sticky than most"},{"speaker":"Dana Samuelson","startTime":2475.377,"endTime":2477.237,"body":"people realize for a period of time."},{"speaker":"Dana Samuelson","startTime":2477.757,"endTime":2480.007,"body":"And that's gonna help"},{"speaker":"Dana Samuelson","startTime":2477.757,"endTime":2480.007,"body":"the fed to hold rates up."},{"speaker":"Dana Samuelson","startTime":2480.217,"endTime":2482.257,"body":"They've said higher for"},{"speaker":"Dana Samuelson","startTime":2480.217,"endTime":2482.257,"body":"longer and they mean it."},{"speaker":"Dana Samuelson","startTime":2482.827,"endTime":2487.137,"body":"But there's going to be some great buying"},{"speaker":"Dana Samuelson","startTime":2482.827,"endTime":2487.137,"body":"opportunities in real estate in particular"},{"speaker":"Dana Samuelson","startTime":2487.137,"endTime":2490.047,"body":"in the next six months, a year, 18 months."},{"speaker":"Dana Samuelson","startTime":2490.347,"endTime":2494.217,"body":"But you've gotta position"},{"speaker":"Dana Samuelson","startTime":2490.347,"endTime":2494.217,"body":"yourself well and be ready."},{"speaker":"Dana Samuelson","startTime":2495.027,"endTime":2496.707,"body":"You don't wanna be setting it up in."},{"speaker":"Dana Samuelson","startTime":2496.707,"endTime":2497.457,"body":"When it happens."},{"speaker":"Dana Samuelson","startTime":2497.462,"endTime":2499.197,"body":"You want to do your setup now."},{"speaker":"Dana Samuelson","startTime":2499.677,"endTime":2501.477,"body":"So start getting your ducks in a row."},{"speaker":"Dana Samuelson","startTime":2502.017,"endTime":2504.177,"body":"'cause I wanna be a buyer"},{"speaker":"Dana Samuelson","startTime":2502.017,"endTime":2504.177,"body":"for real estate then too."},{"speaker":"Dana Samuelson","startTime":2504.177,"endTime":2505.437,"body":"And I might use some gold."},{"speaker":"Dana Samuelson","startTime":2505.767,"endTime":2507.507,"body":"I'm gonna continue to just stack."},{"speaker":"Dana Samuelson","startTime":2508.212,"endTime":2512.172,"body":"I do is add to my own personal"},{"speaker":"Dana Samuelson","startTime":2508.212,"endTime":2512.172,"body":"position on a regular basis, which"},{"speaker":"Dana Samuelson","startTime":2512.172,"endTime":2516.882,"body":"is the best cost way to cost average"},{"speaker":"Dana Samuelson","startTime":2512.172,"endTime":2516.882,"body":"in your portfolio in precious metals."},{"speaker":"Dana Samuelson","startTime":2517.692,"endTime":2519.022,"body":"But there's opportunity coming."},{"speaker":"Average Joe Finances","startTime":2519.862,"endTime":2520.042,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2520.222,"endTime":2520.642,"body":"Thank, yeah."},{"speaker":"Average Joe Finances","startTime":2520.642,"endTime":2521.902,"body":"Dana, thank you so much for that."},{"speaker":"Average Joe Finances","startTime":2521.907,"endTime":2522.442,"body":"That's awesome."},{"speaker":"Average Joe Finances","startTime":2522.652,"endTime":2527.002,"body":"And the opportunity is coming and we need"},{"speaker":"Average Joe Finances","startTime":2522.652,"endTime":2527.002,"body":"to be ready Being liquid is gonna be the"},{"speaker":"Average Joe Finances","startTime":2527.002,"endTime":2528.772,"body":"name of the game people for the future."},{"speaker":"Average Joe Finances","startTime":2529.022,"endTime":2531.927,"body":"Dana I, again, I just wanna thank you"},{"speaker":"Average Joe Finances","startTime":2529.022,"endTime":2531.927,"body":"so much for taking the time outta your"},{"speaker":"Average Joe Finances","startTime":2531.927,"endTime":2536.702,"body":"day to spend some time with me and chat"},{"speaker":"Average Joe Finances","startTime":2531.927,"endTime":2536.702,"body":"about, something that's so amazing."},{"speaker":"Average Joe Finances","startTime":2536.982,"endTime":2540.432,"body":"And I really feel like I learned a lot"},{"speaker":"Average Joe Finances","startTime":2536.982,"endTime":2540.432,"body":"more just from this conversation with"},{"speaker":"Average Joe Finances","startTime":2540.432,"endTime":2543.012,"body":"you about gold and precious metals."},{"speaker":"Average Joe Finances","startTime":2543.262,"endTime":2544.767,"body":"Then I previously have known."},{"speaker":"Average Joe Finances","startTime":2544.767,"endTime":2548.577,"body":"So again, thank you so much for dropping"},{"speaker":"Average Joe Finances","startTime":2544.767,"endTime":2548.577,"body":"all the knowledge and the quote unquote"},{"speaker":"Average Joe Finances","startTime":2548.577,"endTime":2550.557,"body":"golden nuggets from your golden corner."},{"speaker":"Average Joe Finances","startTime":2550.897,"endTime":2552.157,"body":"Definitely really appreciate it."},{"speaker":"Average Joe Finances","startTime":2552.157,"endTime":2553.387,"body":"So again, thank you so much."},{"speaker":"Dana Samuelson","startTime":2553.847,"endTime":2554.687,"body":"Thanks"},{"speaker":"Dana Samuelson","startTime":2553.847,"endTime":2554.687,"body":"for having me, mike."},{"speaker":"Dana Samuelson","startTime":2554.687,"endTime":2555.587,"body":"It's been a privilege."},{"speaker":"Dana Samuelson","startTime":2555.647,"endTime":2556.007,"body":"Appreciate it."},{"speaker":"Average Joe Finances","startTime":2556.007,"endTime":2556.547,"body":"Absolutely."},{"speaker":"Average Joe Finances","startTime":2556.757,"endTime":2559.877,"body":"And hey, I also wanna thank all of"},{"speaker":"Average Joe Finances","startTime":2556.757,"endTime":2559.877,"body":"my listeners and just thank you all"},{"speaker":"Average Joe Finances","startTime":2559.877,"endTime":2564.167,"body":"so very much for joining me and our"},{"speaker":"Average Joe Finances","startTime":2559.877,"endTime":2564.167,"body":"special guest, Dana Samuelson, on"},{"speaker":"Average Joe Finances","startTime":2564.167,"endTime":2565.877,"body":"the Average Joe Finances podcast."},{"speaker":"Average Joe Finances","startTime":2566.237,"endTime":2570.647,"body":"If you liked this episode and you liked"},{"speaker":"Average Joe Finances","startTime":2566.237,"endTime":2570.647,"body":"what Dana put out, please go leave us"},{"speaker":"Average Joe Finances","startTime":2570.652,"endTime":2574.367,"body":"a five star review and tell us what you"},{"speaker":"Average Joe Finances","startTime":2570.652,"endTime":2574.367,"body":"specifically liked about this episode."},{"speaker":"Average Joe Finances","startTime":2574.667,"endTime":2577.397,"body":"Aloha from Hawaii and have"},{"speaker":"Average Joe Finances","startTime":2574.667,"endTime":2577.397,"body":"a great rest of your day."}]}