Genesis 13:2 : Now Abram was very rich in livestock, in silver and in gold.
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Hello, this is Bob Barney with The Plain Truth Today and what we’re going to talk about today is something I think probably most people are unaware of. Especially if they’re watching the mainstream news unless of course they’re watching business channels and even if they’re watching business channels, they’re probably not being honest about what are the best investments these days. Right now, this is a given when you have a democratic president and a potential democratic president in the making and runaway inflation which we have been suffering for now for the last four years.
(1:10) So, we have been, and I have been on this broadcast and on the pages of theplaintruth.com promoting the idea that people need to rethink about how they’re going to invest their money when times are this bad. If you invest in things like the stock market, you’re going to do well at times and you’re going to do very bad at times. Right now, the stock market is going up as I predicted.
(1:35) If you remember, right when I was talking about the polls in August of this year, I predicted that the polls which are historically and notoriously wrong in August September because the polls are basically a tool of the democrats to get democrats elected by convincing the public that everybody is doing it and that everybody is voting for Joe Biden or Barack Obama and in this case Kamala Harris. I said as we get closer to the elections the polls that you see will get more and more accurate because they have been pulling the wool over your eyes for the last three months with fake polls. Now the internal polls that the republicans do, and the democrats do internally they do not release and if they did you would find out that right from the get-go the democrats knew they were in trouble and that Trump was probably going to be the winner. What they do is they pay pollsters for the polls that they want, and the pollsters deliver the results that each person wants and the public polls that is and but at the time I said if it appears like Kamala Harris is going to win then this is what is going to be your best investment strategy.
(2:10) I said gold is always good and silver is always good, but you may want to keep your money in your 401k in the stock market especially when the fed lowers the interest rate which they’re going to do. I predicted that in August. I said they were going to lower it by 50 basis points so half a percentage. I turned out to be right.
All the pundits on the business channel said oh it’s only going to be a quarter percent. I said they’re going to pull out all of the stops that they can do to make sure Kamala Harris wins the election. We have a deep state that is in bed with Biden, Obama, the Clintons, Kamala Harris and they lie and cheat the American people out of justice and out of their money and out of their hard-earned life savings. I said when the fed cut rates, they’re going to lead us to runaway inflation. The first thing that’s going to happen is that your stock market is going to hit all-time highs and I was right. The stock market right as of today is at an all-time high.
(3:05) I also said that if she is elected president in November the stock market will crash. It will crash probably more than 50 to 75 percent and America will be in the worst depression in its entire lifetime and in fact I do not believe personally that America would survive a Kamala Harris victory in November. I don’t believe it’s going to happen. I believe Donald Trump is going to be the winner but to hedge your bet I said when election time draws near just to hedge your bet, I’d get out of the stock market. I am. I’m in the process of getting anything I have out of the stock market.
(3:15) I had made some good money with Nvidia but I’m down to a tenth of what I had there and what am I buying? Well, I’ve been buying for the last two years to buy what I can afford silver wise which is very affordable and gold. I have said in this broadcast in the last few months even a year ago last October or November I had a show about the price of gold and how gold was a great hedge against inflation. It was said to me one time which is true that gold has never gone up a dime per ounce.
When your dollar has gone down…the value of gold goes up but let me give you a little historical perspective about the price of gold and what happens when you have runaway inflation. We have a fed as I’ve mentioned before that wants two percent per year inflation which is in a 50 years’ time double a hundred percent double inflation. That means everything that you buy when you’re 10 years old the time you’re 60 it’s going to be double, and I’ll make you a guarantee that if you’re doing the same job the same job title in that 50 year span your pay will not double. So in the year 1833 is the first year I have seen that gold was 1893 an ounce and it makes sense because the 20 dollar gold piece which came out in 1849 had nine tenths of an ounce of gold and we go back we go down.
(5:21) Let’s say we go to 1861 it was 18 dollars and 93 cents an ounce let’s go down to 1877, it was $18.93 an ounce…let’s go down to the year 1890, it was $18.94 an ounce we had one penny inflation now in a 55 years’ time… one penny inflation. So we go down to the year 1913 which is 80 years since this graph started and it was 1896 an ounce. Are you kind of noticing a pattern here? We go down to 1933 when FDR outlawed the ownership of more than a hundred dollars’ worth of gold coins or gold in in general. It went from 1893 an ounce or 1896 an ounce all the way up to $34.69 an ounce because people knew that gold was going to go away because of the executive order from FDR. Now let’s hold back for a second, you had a what looks like a 50 inflation in a 10 years’ time of gold that took 125 years to get there. In 125 years, you had pennies worth of an increase in the price of gold. The fed gets involved…and as the big government gets involved and big Uncle Sam gets involved and within 10 years’ time, you are 50 percent higher in the price of gold. That tells you something about government interfering.
(5:55) We go down to when Nixon allowed you to have gold again in 1975. Gold was 160 dollars an ounce and I knew people who bought it at 160 dollars an ounce. In fact, I knew people who actually had bought gold…I don’t know if they did it overseas because you really couldn’t do it in America, but they were buying gold at 35 dollars an ounce. By 1988 gold was 437 dollars an ounce. Think about that. In 1975 gold was 160 dollars an ounce. By 1985 it was 317 dollars an ounce which in 10 years it tripled and by 1988 it was 437 dollars an ounce. Four times in 15 years what it was when you could first buy gold it went up 400 percent.
(6:20) Now let’s go up to the year 2000. This was when gold was down to 279 dollars an ounce because we actually had deflation under the last four years of Bill Clinton and the republican-led congress. Why would that be? Maybe it was because the deficit actually went down we balanced the budget, and we did not grow the national debt and that brought things back into stability. I remember prices were falling as I was still in the paint business in 1990 and the prices were falling. I’m sorry the year 2000 prices were falling, and commodities were coming down and so did gold but by the year 2010 gold was at 1224 dollars an ounce by the year 2016. Gold was at 1250 dollars an ounce by the year 2000. Gold was at 1650 dollars I mean 2020 I should say 2020 gold was 1500 dollars an ounce .
When I was telling people I think they should think about investing in silver and gold, silver was around 18 dollars an ounce and gold was around 1650 dollars an ounce. I said I personally believe gold is the place to be if you can afford it but another great one for your money will be silver and in fact for every thousand dollars invested in gold and every thousand dollars invested in silver I think in the long run silver will have a greater gain of profit. However, that does not seem to be the case in the last four or five years that I’ve been saying this silver has stayed pretty neutral until this week.
(7:50) That’s what I wanted to get into. So by the year 2023 gold was around that’s last year gold was around 2200 dollars 2100 dollars an ounce. If you really watched out you could find gold coins that they bought for probably you know 1200 dollars 10 or 15 years earlier and they wanted to get their profit out of it and so you could still at auctions and other places still buy gold coins. Even though the price of gold was 2100 dollars at times for still 1950 to 2000 dollars…I did, and you could buy silver if you bought enough silver coins or silver bars or silver coins not necessarily silver eagles which always carries a little bit of a premium, but you can get silver coins that have no face value for about 49 cents over the spot price of silver. At auction when silver was 21 dollars an ounce and that was just 18 months ago
(10:50) I was buying silver at around 16 to 1850 an ounce on auctions where again people who bought silver at seven, or eight dollars an ounce they wanted to get out of it even though the price of silver was higher they were willing to auction it off. This was because when you sell it you’re never going to get the spot price for silver. There’s going to be fees and everything else to get it and so you’re always going to have less, so a lot of people just auction off their bullion coins or whatever. So to move forward this summer gold hit twenty-five hundred dollars an ounce and silver hit twenty-eight dollars an ounce. I said you need to be in gold and silver because I predict by the end of October I said by the end of September I think you’re going to see twenty-seven-hundred-dollar gold and by the end of October I think you’re going to see twenty-seven hundred fifty-dollar gold. By the end of 2024 I think it’s very possible you’re going to see three-thousand-dollar gold per ounce.
(12:45) I also said if Kamala Harris was elected by tragedy that you would see ten thousand dollar an ounce gold and two hundred dollar an ounce silver. Anybody in their right mind would know that when Kamala Harris became President, Taiwan would be overtaken by China instantly South Korea would be overtaken by the North instantly. Consequently, Ukraine would be nuked off the face of the earth and Israel would be attacked by Iran. Certainly, there would be a nuclear World War III going on in the Middle East. As a result, the American economy would collapse. Wall Street would collapse. The only thing that rich people would have to be able to barter with in order to maintain a lifestyle or move somewhere else other than this country would be what silver and gold reserves they have. So it’s going to become very valuable!
This week…last Friday, gold hit twenty-seven hundred dollars an ounce and I told my wife to be aware that gold is going to continue to rise and it did yesterday. Gold hit twenty-seven hundred and fifty-two dollars an ounce an all-time record so it made that 2750 prediction that I declared was on the horizon. I believe we’re now on our way to twenty-eight-hundred-dollar gold by mid-November and a very good chance of three thousand dollar goal by the end of this year.
(15:21) I do believe however if Donald Trump is elected in a landslide which I think is going to be the case I’m not a close whisper thin hair election where there’s going to be fighting for the next 90 days of who really won…that would that would actually be a calamitous event for America and Americans and their investments, but if he was to win in a landslide election a clear choice, and the republicans were to keep the house and in fact gain house members from a two or three majority lead to a 20 or 30 majority lead and they also then also take over the senate and maybe instead of being 50 49 with one independent who votes as a democrat it would be 54 maybe even 56 republicans and only maybe 44 democrats. They would have basically total control of the senate the house and the presidency. I actually think you’ll see the commodities like silver and gold stabilize. I wouldn’t get out of them even if they go down a little bit and they don’t continue to rise because it’s always the best hedge for inflation leave it there. The government isn’t going to tax you on it if in any way so your good investment you’re still your best investment is silver and gold now.
I will say the stock market will probably have to pause no matter who is president and probably decline no matter who is president and that is because of this great national debt that we have. This is a fact because of the democrats and RINO republicans spent us into but Donald Trump helped a little bit as president as he did do some foolish spending as well. that’s why some conservatives don’t like Trump but Trump also had a booming economy that could that could undertake that uh deficit but I think you’ll find the stock market decline if Trump wins or not it’s how fast and how hard it will decline is if it’s going to be Trump or Harris or a whisper thin election it like I said if it’s Harris stock market’s going to collapse like no one alive has ever seen it’s even going to crash worse than 1929 and Americans will find themselves in total poverty out of all their life savings and I think close to a civil war I actually believe if Kamala Harris is elected there will be a civil war.
(17:00) If you go and you look at a map of the 2020 election for president and you were to put in the search engine ‘2020 election results by county you would see that 90 percent of the map of the United States of America would be red with very small areas of blue. It would be LA, Chicago, Philadelphia, Pittsburgh, you’re getting the idea now, these would still be blue…even New York City, Buffalo, all the big cities will be the only blue areas. So we have 90 percent of the area of America and 90 percent not 90 percent of Americans but 90 percent of the Americans living in the rest of America finding themselves broke. No life savings. Their 401k erased. Their jobs gone overseas as well. I do think depending on how harsh the policies would be with a Harris administration; we would be in a major civil war and I don’t use that term lightly. A lot of people use a lot of terms lightly like he’s like Hitler when there’s nobody alive today in the United States anywhere near Hitler but when people say about a civil war is coming I don’t think most people realize what exactly that means.
(17:57) Let me break that down. In 1865 there were 30 million Americans…about 12 million adults over fighting age and older and of those 12 million American adults that one million of them almost 10 percent of the population died as soldiers in the civil war. Then another 600,000 of them were wounded hence we were in the greatest drug crisis of morphine addiction in the history of this country. The book Dr. Jekyll and Mr. Hyde was really written about a person struggling with morphine addiction when he was not on morphine, he was Dr. Jekyll and when he was on morphine, he was Mr. Hyde. It was a tragedy all over America and the world as well but especially America because of the civil war. The casualty of a million dead soldiers on both sides and a half a million wounded that’s not the end another 750,000 to another million civilians died in the civil war and no one knows how many were wounded and maybe up to another million so you’re looking at a population of 12 million adults where at least two and a half million died. Then another maybe million and a half were wounded so you’re looking at a quarter of the American population affected drastically by the civil war and the results of the civil war. Not only were that many people killed but it was father against son many times and brother against brother. It was about families being torn apart and something we never can comprehend.
(19:48) When people loosely use the terminology, it’s going to be another civil war, they don’t realize how bad the civil war actually was and what a war criminal Abraham Lincoln himself actually was. We did a story on Abraham Lincoln where he threw the supreme court justice of the United States in jail because he ruled against him, he threw the entire Maryland legislative session in jail. Maryland was a union state whom he ordered Winfield Scott, the commanding general at the time, to bomb civilians in Maryland. He put thousands of newspapers in the north out of business because they wrote editorials against his policies, and he threw the editors in jail as well as thousands of citizens of the United States. This was not the south…we’re not talking about the confederacy now; we’re talking about people living in the north. He threw thousands in jail without the writ of habeas corpus which he suspended. He suspended the constitution and the bill of rights, illegally I will say, and they languished in jail for the entire civil war while being denied a lawyer or a trial. Many of these people would die of diseases or of mental breakdowns. This was the real Abraham Lincoln!
(21:00) Most of us know about the Geneva Convention and most of us have heard of or watched World War II movies where even the Nazis respected the Geneva Convention. They would open up the prison camps and the American and allied prisoners would be given new towels and new bedspreads and clean up the place to make it look presentable for when the Red Cross visited. They would have to ask if the soldiers are being taken care of and they would have to say yes. But anyway, the Germans pretended to follow the Geneva Convention right to the letter of the law, but the Japanese did not however. The but the Germans did I’m making a point here because the Geneva Convention first was established in 1863.
Are you aware of the very first world war criminal that the Geneva Convention named the very first one in all their history was Abraham Lincoln. Yes, for war crimes against civilians and against women and children in the north and in the south. That’s a little bit of history you’re not taught but that’s the real civil war…the civil war that affected the psyche of the American public. From the north to the south for a hundred plus years there are still places you go to in the south and I’ve been to some of these places that are still in their minds fighting the civil war…so I do believe if Kamala Harris is to be elected, we would be in that situation. We would have millions of Americans taking arms and saying you’re not going to take my possessions from me you are not going to take all of my money away you’re not going to steal my 401k and if you do, I’m going to shoot you. This is what’s going to happen. We will be in a violent conflict and I really do believe this that that would be the fate of this country. This country would be doomed.
(24:23) The good news is that I don’t believe that scenario is going to happen in any way. Why? Because I believe there are enough good doing good things…and this was proven in the city of Asheville and North Carolina in regard to all the victims of Hurricane Helene and Milton. I believe wholeheartedly that there are too many good Americans to allow such a fate to befall on us. I believe Donald Trump’s going to win in a landslide and so if that happens your price of gold is going to stabilize your stock market is probably going to still decline but it’s not going to crash, I could see the stock market falling back to 36 37 000 possibly that’s why I’m still going to stay out of it.
(25:30) I do believe that if they get both houses of congress and they have a super majority type in the house and the senate with Trump, I do believe that America will be in the greatest renaissance of its history. It will beat the 1950s right now. When you study history and enough people are old enough to remember this the golden years of the United States were under Dwight David Eisenhower as president in the 1950s. Americans boomed like we’ve never boomed in the past and we were the envy of the world. We produced everything for the world and thus we were the richest nation in the world. We lended out we did not borrow like we do today. Borrowing from China borrowing from the Saudi Arabians borrowing from the Europeans…all has made us into a debtor nation. Today our people are in debt to banks and our countries in debt to our enemies and this was not the case in the 1950s. I think if Trump is elected along with a good majority in the house and senate, I think America could yet see its best days for a while anyway and then the stock market will turn around and go back up. That will be the time to get back in it and maybe move out of a little bit of gold but remember one thing about gold and silver and we’re going to have another story on tonight on the 7-eleven broadcast that gold and silver are always the best hedge for inflation. I don’t care what your politics are, and I don’t care what your religion is…I also don’t care what you personally think or if you’re a conservative or you’re a liberal…your gold is worth the same amount of money to the next guy.
(25:28) Your gold has a value based on the gold itself and not based on who you are so if you have a lot of gold and you need to get some money really quickly, you just have to go and hock the gold and you’re going to get a lot of money. It is your hedge against inflation…the dollar bill may be worthless and there may be a time this is fully the case, in fact, I’m going to probably do another show someday because I just ordered off the internet a coin from 1923 Germany and a currency bill from 1923 Germany. I want to share about that. The coin is a 50 billion that’s where in order to be a 50 billion mark currency…now a mark at the time was worth a quarter so it would be a 50 billion quarters I think that’s about 16 billion dollars in a coin one coin was worth 16 billion dollars and I also ordered a real deutschmark from 1923 Germany. That was a 50 billion dollar currency bill that again was worth about 16 billion dollars at the time and the reason that the Germans printed all that money was to pay off their war debts that they were required to do after World War I. What it did is it caused runaway inflation in Germany that we’re all familiar with if we have any history knowledge at all about the Great Recession and Depressions of the 1920s. The Germany economy was at the point where people had to take wheelbarrows of those cash marks into a store just to buy groceries for the week! And that’s the plain truth!
That’s what happened and that’s what’s going to happen again here in this country if we are we find ourselves in such an economic collapse that I believe would happen under Kamala Harris and a total democrat rule.
(27:50) They are they are a problem when it comes to the economy as they’re not a solution. Neither are the RINO Republicans who go along with military spending and all kinds of deficit spending which is further and further keeping American people in debt to the world. We are in trouble so gold is still good to buy and so is silver so be aware, watch it and look for that $30,000 goal by December 31st I believe it could very well be 3,000. Maybe not if Trump is elected but it still probably will be 2,500 to 3,000 in that range. It’s not going to fall and I do think silver is the most undervalued possession you can buy even today it’s at $34 an ounce today. By the way so silver has gone up 50 percent in two years and no other investment you can think of has had the ability to maintain its investment value like silver could ever do. I think silver still is on its way to $50 an ounce I think we’ll see $40 an ounce of silver this year and those of you who were smart enough to buy it are going to be very happy with what you see.
Well, that’s my take for today and I do appreciate the people who listen as we try to give advice that makes sense in a biblical worldview. God is the news, God makes the news, God writes it down in His Bible. You can read yesterday’s headlines and you can read tomorrow’s headlines because they’re still in that same bible…that’s what the purpose of this show is and that’s what the purpose of The Plain Truth is and I do believe that God is going to bless this country.
I told you that the other day that God is going to bless this country, and I think we’re going to have Donald Trump in the White House and so things will stabilize, and America may actually hit its goal again of being the greatest nation in the world. Let’s make America great again and I wholeheartedly hope that happens…it would be nice though if all of us made America great again by praying to God because God is the one that’s going to make America great again not Donald Trump…not our Congress not our Senate and not you…the Senate, the Congress, and Donald Trump with God’s help in the background can make America great again.
This is Bob Barney for the Plain Truth Today saying thank you for listening and we’ll be back again tomorrow. Bye!