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1 Preston: This is Preston Ely and I have my friend Matt Wallace here with me. I m looking forward to seeing how quickly we can get your gold buying and selling business up and running. I want to get you making money very quickly. Don t have any doubts about it, the purpose and intent of this course you re watching right now is not to inform you, not to give you something to do or make you feel like you re learning stuff and moving in the right direction. The purpose of what we re doing right now is to literally tell you exactly what to do step by step, go do this, go do that and make a ton of money buying and selling gold, silver, precious jewels, all kinds of crazy stuff that we ll talk to you about. You need to get through your head that this is not some sort of home study course that you re just going to do nothing with. This is potentially your breakthrough right here. I m telling you, you re going to start reading all the comments coming in on these blogs in the classroom of people who are doing what Matt is going to be telling you to do and they re going to making a ton of money. I promise you when I tell you this. So don t be someone who is not doing that. I want you to be one of the people that are dropping us comments, sending us videos, showing us all the money that you made. The bottom line is this. Do what we say to do, don t quit and keep going to the very end. Listen to every single thing and go all the way to the end. Don t be like 90% of the people who go through these things and don t even finish the first module or if they can somehow manage to get themselves to go through the whole thing they don t do anything with it. Don t be one of those people. Put this stuff into action. Now, you re going to notice that in the different modules we re going to have some different kinds of formats. There s going to be some videos with Matt teaching. We re actually going to see Matt teaching. There s going to be some audios, some screen captures. There are different ways we need to teach you this stuff, so keep that in mind. The purpose of this first module is it s basically just kind of an intro. This is going to be the only time that it s not total nuts and bolts because we need to set the background for this whole thing and make sure you know the history behind gold and silver and its place in monetary history. You need to know why 1

2 it is that you re even interested in doing this in the first place. Why gold and why right now. So let s just go ahead and get into this. Matt, say hello to the people. Hey, everybody. Preston: These are your new fans. We re here to teach you exactly like you said, exactly what you need to learn to make money. I am going to go over a few things here as Preston said, a little bit about the history, why it s important, so you can understand the current situation we re in and how this is such a great opportunity. This is not going to be the only time in your lifetime that s it s a great opportunity. This tends to be a reoccurring cycle, but there is one that we re in right now and what we re going to teach you is how to take advantage of that. Preston: I ll just mention right now that at the time of this recording gold is shooting through the roof. It s currently at $1,650 an ounce. People are predicting it s going to go up to $5,000, $10,000, I ve even heard $20,000. What s the highest prediction for where gold is headed that you ve heard? I d have to say it s just in the low $20s. That s probably the highest I ve heard. Preston: Yes. The highest I ve heard is $30,000 an ounce. I hope I m not stepping on Matt s toes here, but I m going to tell you why people are predicting it to go that high. Actually, if I say that I know I m going to be stepping on Matt s toes so let s wait to get to that. My point is regardless of when you re going through this course, regardless of whether gold happens to be in a boom or a bust it s just like any other commodity. It s just like anything else. There s always going to be somebody that wants to buy gold. It s the beautiful thing about gold, everybody always wants it and everybody will always be happy to sell it. It s just a matter of what price. As of the time of this recording it is just an unbelievable time to get involved with this because the price of gold is constantly going up. It s going up every dang day. There are some dips every once in a while, but it s just going through the roof. Like I said, right now we re at $1,650 for an ounce of gold. Matt, let s talk to them about why this is happening. Let s help them understand why gold is on this tear towards infinity it seems like. Sure. Well, one of the main things with gold reaching these historic highs here goes back starting over 100 years ago. Back in the day in 1900 we enacted the Gold Standard Act. We re not going to go into too much detail on any one 2

3 of these, but essentially what that did was the government then backed every dollar that we started printing with gold. Gold had been used as a form of currency. The earliest one I think was about 1643 B.C. when they started using gold as currency, so humans have this natural draw to use it as a form of money and currency. We enacted the Gold Standard Act which backed every dollar with gold and that lasted for a while, but as we hit the World Wars we had a few glitches there. They took it off briefly and ultimately, we ended up with the Bretton Woods system. What happened was in 1944 the U.S. along with many nations around the world got together and basically decided that we were going to take the value of gold for the U.S. dollar and put it at a fixed rate so that we could operate as a world a little more efficiently, because if you don t have a system that everybody abides by you get really wild things where in certain countries currencies end up being worth a lot or a little. It changes very quickly. So the Bretton Woods system went from 1944 to like 1971 and during this time gold stayed relatively low. It was pegged at $35 an ounce in 1944 and really didn t fluctuate all that much until What it also did was that the U.S. was saying for all the money we were printing that we had the backing of the gold reserves and countries could turn in their U.S. dollars for gold. What happened though that system works, except if people start to lose faith in the currency they may want to actually get some of their money back and we actually started having countries come to the U.S. in the late 1960s early 1970s and start turning in their U.S. dollars for tons of gold. They were losing faith in the currency at the time and it was withdrawing too much of our gold reserves. There were a lot of other things going on at the time involved with money and inflation, so the President did what they named the Nixon Chop. President Nixon on August 15 th just basically took the U.S. dollar and untapped it from gold and no longer valued that where you could turn in your dollars for gold. It was a huge turning point. This was kind of the turning point that leads into exactly what we re going to be talking about. So from 1971 on, now the U.S. could print as much money as it wanted and it didn t have to have the gold to back it and we instantly saw the affects of this. Within a year gold went from like $35-$40 an ounce up to $120-$150 and gold continued to climb from 1980 when it reached $850 an ounce. Now, if you re going from $35 an ounce in 1971 to nine years later $150 you see the very same thing, a very steady quick climb for those many years. Well, we re in the same thing gold up or down, we re getting right in the same aspect where the government is printing more money than it ever has before. 3

4 In 1971 the U.S. debt was $424 billion. In 2000 it was $6 trillion and today we re at $15.6 trillion. Just 12 years ago we ve more than doubled it. This is more debt than you can ever imagine because we re printing money so fast. Well, as we print money gold s value continues to rise because we have more dollars chasing the same amount of gold and that is exactly what we see here. We see gold continue to soar as the U.S. continues to print money. Is anyone expecting the U.S. to stop printing money tomorrow to lower the value of gold and bring it down a little bit more? I don t think so. I don t know what you have to add to that Preston. Preston: It s impossible. All that really means is them buying bonds and adjusting interest rates. If the United States lets interest rates go up just a percent we ll be bankrupt because that same percent is what we have to pay on all our foreign debt, so we can t do it. I heard that the amount of money we have printed in the past couple of years is more than the amount of money that we ve printed from George Washington to George Bush. Oh yes, I ve heard the same statistic. Preston: Is that incredible? It s remarkable. Preston: So not only is it more money chasing gold, it s also the fact that people aren t as stupid as the government would like to think we are. We see the government printing all this money. Everybody can see it. Anybody with their eyes open can see where all this is headed and they ve seen in the past what happens when governments get out of control printing money, inflation comes. What s the ultimate hedge against inflation? It s gold, so everybody is on this mad rush to buy gold. The truth of it is, and we re not getting into the details here, but there is a lot of evidence that gold should actually be even higher right now and that the price is being suppressed by the government. I won t go into it, but if you Google it on incredible websites you will see detailed explanations as to how this is happening, why this is happening. A lot of people think right now that without that artificial suppression that gold would currently actually be at $4,500 an ounce. So you can see where all this is headed and it just makes it a very extraordinary time to do really anything related to gold. In this course we re going to teach you how to use all this to make a ton of money kind of being a middleman for all this stuff. Like they said for the Gold 4

5 Rush, who made all the money the people going after the gold; no, it was the people selling all those people shovels, right? Yes. Preston: I actually don t know if that s true or not, but it s a story all over the Internet. So it must be true if it s on the Internet. Actually, I can tell you a little bit about that. There s a statistic I was reading about that. You had thousands of families, I think 50,000 families go for the Gold Rush, the 49ers as they are called and the person making the money was a religious man who saw this. In fact, every time he heard about gold he would then go to the streets of San Francisco and tell everyone gold was found and all the meanwhile he had already set up a shop with supplies to sell everybody. He was the one ready for watching them come. Preston: It makes total sense to me. We kind of apply that principle to all our different businesses we re involved in, but one of the things we want to continue to implore you to do throughout this course is yeah, start making some money, get paid up on your bills, get a better car if you need one. Do whatever you need to do, but keep some of the gold. Trust me when I tell you it will be the smartest thing that you ever did. Keep some of the gold. Okay, this is where we are currently. Let s talk a little bit about fiat currencies in general. How do these things typically work out? Sure. A fiat currency for those of you who don t know you can get tons of definitions, but one of the definitions is basically currency that a government has decided to become legal tender, despite the fact that it has no intrinsic value. It is not backed by any reserves and that s exactly what our U.S. dollar is now. When they untapped it from the gold standard and got out of the Bretton Woods system we no longer had to have any gold reserves to print the money we were printing. The only reason why our dollars are worth anything is because people still have enough faith in it, but we continue to get in more debt. It s kind of a crazy system the way it works, but the one thing you ll learn as you learn anything about fiat money is that any fiat currency in the past has failed. It has always failed. Going back to Roman times, it does not matter. Every single one of the currencies experienced the exact same problem that we experience today. It doesn t matter that technology has changed. It doesn t matter that government 5

6 has changed. They all will still experience either hyperinflation, inflation, whatever it is that leads to their demise. The fiat currency fails, because people ultimately through some choice that happened, the circumstances, whether it s war, whether it s excessive spending, leads to the government needing to print more and more money and people losing faith in it. Preston: They abuse it. Yes, they abuse that power. Preston: Even the United States. Most people don t know this, but we ve already been through this before. The United States has already had two failed currencies, the Green Back, the Continental. Is that the two? The Continental. You know the old saying it s not worth a Continental. Preston: Yes. So this thing doesn t work, everybody knows it. Anybody who knows anything about how money works all sees this with eyes wide open. That s why every central bank in the world right now they re net buyers of gold. It hasn t happened in forever. They ve always sold gold, now they re buying it. There s a reason for that, so this is just the perfect time to be involved in this. How is this different than in the past? This isn t the first time gold has spiked. Some people kind of think gold has reached it peak. This is just another kind of ebb and flow. Let s talk about that. I think the true point that makes this one different is somewhat like we just briefly said a little earlier in that in the last couple of years the U.S. has printed more money than we have in our entire history prior to that. We are making the mistake on a scale like none other. In the past when we experienced this and when we tried to make the changes, when we went to the gold standard, when FDR made it illegal to own gold and you had to sell it to the government, when we did the Bretton Woods system, when we had the Nixon Chop, all of these events, there were issues going on. There were problems and we were trying to solve that problem. What has happened today, in my opinion, is that we have really got this situation out of control. I mean the spending is so far beyond anything we can 6

7 remotely repay, but the government has found a lot of ways to kind of avoid the problem and avoid the issue. Like Preston said, there s a lot of belief that they re artificially keeping it low. They re using a lot more tactics to kind of ignore the problem, put blinders on, allowing the problem to be primed for the biggest boom and the biggest growth you ve ever seen in gold, only because of how far we ve let this get out of control. Preston: It s worldwide, that s the thing. That s one of the big differences. It s not just the United States going crazy with the printing presses, it s the entire world. It s the entire world. Every single country is doing this. They re all debasing their currencies. The whole world uses this fiat-based currency. I just don t think there s ever been a time when something has happened, even at the time of this recording, the recession that we re in. Well, maybe one other time when the entire world, every country in the world has been in a recession or, in my opinion, a depression. That s very true. You can look at Greece. You can look at EU right now. Even China has had to report that their growth has slowed down. They re not being able to keep up with things. I mean every single country is in this problem. I don t know if you keep up with the news all that much, but there are some horrible articles about the extreme measures people are going through in Greece right now. They see their entire country and their money system about ready to instantly dissipate and people have been taking to public suicide, all kinds of things. This is the first point like you said that we have the whole world in a problem. Not just our country, not just two countries, the entire world has based it off our system which is failing and leading to all of theirs failing. Preston: So most people believe we ve kind of already gone through this boom. Gold is at record highs. I even heard the other day that people should sell their gold and, of course, the government would absolutely love for everybody to do that. But you re saying, which I believe as well, that we still haven t even experienced the boom. I read somewhere the other day, I read stuff on this constantly, every single day, this dude was like a doctor in economics or something like that and he basically said the bull market hasn t even begun, that it hasn t even started. No, and it makes so much sense, I mean, it really does. Preston: He compared it to the Holland tulip. 7

8 Well sure, you want to look at it the way people were looking at it in the past right now. Yeah, if you bought gold at $300 would you be doing good right now? Yes. I think that s what people looked at. They saw a significant amount of growth and they thought oh, we re done. We re out of this. The truth is, like we said, there hasn t been anything that s changed. There s been no logical reason for gold to take the downturn because we haven t fixed any issues and people are not going to have faith in their currency. We haven t experienced the growth yet. Like we said they re postponing that problem, but you can t keep postponing it forever. At some point everybody jumps onboard and they lose their faith in their currency and they will only turn to that tangible asset they know will still have value, still has that worldwide value. I m thinking when it comes to gold we re not even close to the boom and I am so excited for us to get into this. I ve already made tremendous money in it and I m ready to make a tremendous more amount of money. As gold continues to climb you ll see as you re working on this percentage it s only going to help you. Sure, as gold climbs other things will probably become a little more expensive, but you ll be making money faster than the items are increasing in price. You will be gaining more dollars. Preston: Yes, and if you re keeping some of the gold, we re going to keep ramming this into your head, if keep some of the gold you re going to have to work less and less. I read something the other day, actually yesterday would be the other day, and I think I heard this before, but Weimar, Germany, their famous hyperinflation that they had in between World War I and World War II. You could take one ounce of gold, one ounce, that s one coin and buy a downtown city block. I ll just let that register with everybody real quick. This is the interesting part. He said now, I don t know that we re going to hit Weimar-type hyperinflation, but definitely something close. Now, keep in mind, whether you re listening to this now as I m speaking, as I m recording this, or if you re listening to it 40 years from now, it s irrelevant because whether gold is headed up, down, it doesn t matter. There will always be somebody willing to buy it. There will always be somebody willing to sell it. You re merely going to be in between. The point we re trying to make to you right now is why this is so exciting to be doing right now. It s just an amplified opportunity, especially when you re 8

9 holding on to the gold and taking advantage of the appreciation. Let me ask you this, Matt. What is your opinion, if we haven t reached the peak of the boom where do you think it will end? The truth is if I could predict it exactly I d be worth billions and I d love every minute of it. No one will ever be able to tell you exactly for sure, but the truth is where we re at right now I easily see gold hitting $5,000-$10,000. Sure, you may be on the other end thinking $30,000 might be a little high. It may sound high, but it may not. It really may not be. I easily see limits of $5,000-$10,000. The truth is that it sounds extreme now, but so did the price of gold 10 years ago. The price of gold today, 10 years ago sounded astronomical. The amount of debt we re in today, 10 years ago we wouldn t have fathomed we would have put ourselves this much more in debt in that short a period of time. There are many things happening right now that are going to be mind blowing. Preston: Yes. So $10,000 sounds extreme, but we re in extreme times is what you re saying. Exactly. Preston: We find ourselves in extreme times. Think about in the 70s when gold went from $30 to $800, or whatever it was, $750-$800. Yes. Preston: I m not good at math. I barely got out of school, but that s like 24 times. Yes. Preston: So we had gold starting out at $300 what s 24 times 300? Well, we re almost at $330, I mean you d be looking at $8,000 easy as the same comparison and that s just the same comparison that s not even accounting for how much more we ve screwed up since then. Preston: That s exactly right. I know the person who was predicting this $30,000 an ounce gold and I ll tell you exactly why he said that. He has his doctorate in biochemistry, his MBA and was the VP of a Fortune 500 company, Pfizer, as a matter of fact. This gentleman foresaw all this stuff coming pre 9-11, bought gold at $300 an ounce and moved his family out to self-sustaining farmland. He s one of the growing groups of people out there who predict that the world is going to have to end up going back to a gold standard. This may or may not 9

10 happen, nobody knows, but there are a lot of people who think it will happen. I ve read a lot of books on this. If you were to do that you would have to take every dollar in existence and back it by gold. So what people have done is they ve taken the M3 money supply, they ve said okay, we have this many dollars in the currency supply, we have this much gold available above ground and they did the math. If you were to revert back to a gold standard you would be forced to put gold at $30,000 an ounce. Just so you know these aren t just crazy numbers we re pulling out of the sky, there s a reason. Again, nobody can see to the future, but these are very intelligent people, smarter than you and I, saying this stuff. That s exactly what we want to talk about is how to capitalize on this opportunity. Preston and I ask, what is that? What are we talking about when we say capitalize on this extreme value of gold. Well, what we re really talking about is there are two great things about gold and silver. They have a set market price right now. Whether it s a good one or a bad one it s a set market price that you can find a buyer for. Preston: Guaranteed. There s an easy number, a guaranteed buyer. You can always find a buyer here. It s a little different than in real estate or something where the region kind of sets the price. You have to find the buyer. You don t always have guaranteed buyers. You might have a guaranteed buyer, but they ll pay five percent of the value. You re not going to have a guaranteed buyer at what the property is assessed at. It takes time sometimes to find that. So that s one of the differences here. We have this set market value. The other thing is that because we have the set market value and buyers it s practically instant liquidity. If you ever do need to convert that you can. So it s a great asset to take advantage of. What we re talking about is working on a percentage of gold. So whether gold is $1,600, $5,000 or $10,000, you re working on a percentage. The higher gold goes the more money you re going to make. Preston: When you say a percentage you mean you re going to find people willing to sell gold at all kinds of different prices, but you re talking about basically the profit margin that we re going to attempt to make here, right? Exactly. When people go to sell gold the people at the top that pay the most are not going to accept one ring. If someone is getting rid of their one ring or two rings the people at the top, the refiners, the large gold buyers, they re not interested in just buying that one. 10

11 So when people go to sell their jewelry items or just one or two items they know they re know they re not going to get 100% because they re not bringing that much. It s like any type of business, the more you buy the better the price. Like anything, there it is. If you re bringing one item the person has to take time to come meet you and they re your option for selling. We re talking about paying more than your other competitors, but still making that percentage. So if someone brought you a ring, for example, or let s say a couple items and it weighted one ounce of 14 carat, which you re going to learn all about, but in this if they took it to a pawn shop, the pawn shop is going to pay 50%, 40% even. There are some national pawn shops that don t allow a nickel more than 40%. It s just the way it is. Forty percent of the value, that s what you re going to get. What you re going to pay people is 70%, 65% or some really high number, much higher than any of the pawn shops, any jeweler, so that people want to use you to sell their gold because you re paying better than others. What you re going to do is gather this little bit of gold and then you re going to go to a larger gold buyer or a refiner to get rid of it and you re going to make that additional percentage. You re going to make that because you re bringing them the larger volume. It s a little bit more. Preston: Now, a 20% profit margin is a little bit higher than an average corporation s profit margins, but let me just ask you this, Matt. When we sat down to talk that day about all those stories that seemed like these insane deals you were getting, $70 of gold worth $1,400. I mean I think what I hear you saying is you try to make good deals, do good business and pay more than the other guy is willing to pay. How did you get those smoking deals? How do you get grand prix grand slam deals how does that work? The way it works, for example, in my business I have people that I work with on a day-to-day basis. They always are coming to me with their gold. You ll find these people too, they re out there. They spend their days finding this stuff and they come to you to sell. Now, for them I pay them that high price to keep them coming to me all the time. But when I m out and about, when I and my employer are out and about at garage sales and other stuff, you ll find at garage sales, estate sales, people will over look items. They won t dig through a box. You can buy a box. I mean some of the best things that we ve bought were in a $1 box of miscellaneous stuff that honestly yields $1,300-$1,400 worth of gold and silver. I know this sounds like oh wow, these are crazy. I used to hear all the time oh, that s a crazy outlandish story. Yeah, that happens one in a million. How often 11

12 can you expect that? The truth is that it happens so much more than you would believe. It honestly just takes a little bit of time. The lady who started working for me did not have much money when she first started and I told her how to do this. I m not kidding, the day I taught her for two hours as she drove home she stopped at a garage sale, bought a box $2 and that day I paid her $250 for the items in there. Just the first time she stopped. On a weekly basis she gets boxes like this. Preston: That s amazing. Yes, there are people out there who just don t know. I mean one of the most impressive pieces I had was someone brought this to me and said they had paid $1 not knowing what it was, but thought it could be gold. It weighted over 60 grams, it was from India and it was 22 carat gold. I mean this thing was over $1,800 and that was what the person selling it wanted, they wanted one buck for it. The person buying it didn t even know that it was gold. The truth is she wasn t out there scamming them or even doing it. She didn t even know whether it was worth anything or not, but these deals are found all the time. It s not just like a shot in the dark you ll find one in your lifetime. If you re out there looking around you re going to be amazed at how many of these you find. Preston: So basically, there are two different avenues here. 1. One is your out and about one-off purchases. That s when you find just absolute steals. 2. Then, once you develop relationships with people that are making your life easy, they re bringing you a steady flow of deals then you give them a different deal. It makes perfect sense. We re going to be teaching you all how to do all of this, how to make all this happen. Don t be afraid to work on even a lesser margin. I ll even work on eight percent because guess what, if some customers bring you $600,000 in gold in a year it s alright to work on 8-10% off one person. That kind of relationship is valuable, so don t rule that out. You have to decide what kind of deal you re going to make based on the person you re working with. Garage sales-- get as a good a deal as you can. Someone who comes to you and you see that they re going to constantly bring you gold like crazy-- work whatever deal you re comfortable with. 12

13 Preston: Yes. All right good. I think that gives everybody a good overview. I say we move them straight to their second module and just get going with this. I would literally make a goal for yourself to make your first purchase this week. Literally, I would write that down. Your goal is to make your first purchase this week. Just as a reminder, you were offered an opportunity to use Matt s money in case you don t have any. If you took us up on that offer then you already know what to do, but if not there s a little link on this site. If you find an amazing score and you need some money a little bit quicker than what a refiner is willing to give you we re willing to fund that for you, but you have to upgrade to the next level in this whole thing. So you just click that link right there. Is there anything you want to say to before these folks get going? No, I m just excited. I hope you guys enjoy the rest of the videos; you re going to learn a ton. Exactly like Preston said, make it a point to buy anything. Whether you go on Craigslist, find someone, search them out and try and make that deal or whether it s at a garage sale, buy something. You have to take that first action. You have to see that first dollar of profit to keep going. Get in there and do it. Preston: I just want to encourage you and let you know that you can do this. I don t care who you are, if you have the ability to hear the words we re saying to you right now and get around or have somebody help you, no matter what your position in life is you can do this. You have to believe that though. You have to believe in yourself. You have to believe that this is possible. Hopefully, you re one of those people who doesn t really need a whole heck of a lot of proof before they get going, but if you feel like it go ahead and sit around and do nothing and start reading these blogs of all these people making money doing what we re telling them to do. Get out there and make it happen and get going to the second module. Talk to you soon. 13