Peter Schiff

Tucker, the reason it worked is because the people who listen to their favorite talk show hosts and the guy would say, here's the firm I trust.

This is where I buy my gold.

Yeah, because they don't rip you off.

But here's where I get my gold.

Go buy your gold there.

And the listener who is very loyal to the talk show hosts and trusts them

goes to that gold broker and just assumes they're getting a great deal.

Hey, so-and-so wouldn't recommend this company unless they were going to treat me right.

And so they didn't shop around.

And in fact, they make it impossible to shop around because they sell coins that nobody else has because they're so obscure.

And they try to pretend that they're not going to be confiscated or they have some kind of collectible value.

And it's all BS.

They have no value.

All the money goes into the pocket of the salesman because these gold salesmen work on commission.

And if they sell you, you know, maple leaves at a 1% markup, and maybe they make $200 in gross commission, and they make 30 bucks for themselves, or they can get you to put the $10,000 into these DS coins, and they make $2,000, $3,000.

That's what they sell.

Well, where are you going to make money eventually is on volume.

Eventually, a lot more people are going to start buying gold.

I mean, people just don't know enough to buy it.

The problem is the only companies that can afford to advertise on television are the ones that are ripping you off.