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Chicks on The Right Show w Mock & Daisy

Precious Metals 101: How to Navigate Gold, Silver, and Scams | Ft. First Fidelity Reserve

Chicks on The Right Show w Mock & Daisy

Radio America

News, News Commentary, Daily News

4.41.8K Ratings

🗓️ 28 March 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

In this exciting episode, Dr. Mike Fuljenz dives into the world of precious metals, exploring the rising prices of gold and silver and what they mean for investors. From gold potentially hitting $3,500 to silver’s surge driven by industrial demand, Dr. Fuljenz shares crucial insights on why central banks are loading up on gold and how you can safely tap into the market. He stresses the importance of education, being cautious of scams, and choosing reputable dealers to avoid counterfeit coins. Whether you’re looking to invest 20-25% of your portfolio in precious metals or interested in adding gold to your IRA, this episode is packed with expert advice and resources to guide you in making smart, informed investments! Don't miss out—tune in and learn how to navigate the precious metals market with confidence!

Secure your silver today with First Fidelity Reserve. Get your one-ounce .999 fine American Silver Eagle for only $35 + free shipping. Call 800-336-1630 and visit https://www.FirstFidelityReserve.com

Transcript

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0:00.0

Welcome to another edition of The Chicks on the Right podcast. Very excited today to have with us, Dr. Mike Fulgens, who is the numismatic consultant with First Fidelity Reserve, which is, by the way, where we get our gold and silver. And we want to pick your brain a little bit about the state of precious metals right now, starting with gold, which topped three grand an ounce for the first time ever, and it's on track

0:24.6

to keep right on growing. And even when everybody else was like all super skeptical, you were

0:30.3

predicting that it would grow and you were right. So how much higher is it going to go?

0:37.1

Well, I got a chance to interview Steve Forbes in Nashville in October of 2023.

0:42.6

And we both agreed about where the dollar was, what central banks were buying more.

0:46.6

And we thought gold would hit 2,500 and 24, and it did.

0:50.1

And we think it'll hit 3,500 this year.

0:52.7

And Bank of America and Citibank agree with us.

0:55.5

And the London bullion market analysts, over 20 of them, agree it's going to go up substantially.

1:00.2

Because increased central bank buying, increased exchange trade fund buying.

1:05.0

And frankly, people around the world, not just the United States, are concerned about uncertainty.

1:10.0

And a lot of buying

1:10.8

for IRAs, investment retirement accounts. I promised you I wouldn't use acronym, sorry.

1:16.9

No worries. Oh, my goodness. Silver is the same way too, right? Because silver is seeing a gain in

1:22.0

2024. It was up, what, 24% in 2024 and then 10% and 2025.

1:30.8

So do you expect that to continue as well?

1:33.2

Well, industrial demand has grown over the last four years.

1:35.0

It has been shortfall in supply.

1:41.5

And I do expect, and again, the London Bullion market analysts saw about a 40% increase coming this year. And many people think silver can get up over $35 to $40.

1:46.6

And we see gold at $3,500. So it's a good place to put apart.

1:52.0

I'm with a number of people you would recognize and they say 20% in gold, rare coins, and

1:58.1

precious metals, either in your IRA or your investment portfolio.

...

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