Rebecca Diamond: Michael, this goes to show you just how popular right now gold is. And how much in demand gold is, via the traffic that you're seeing from your site. I'm looking at your website now. It's very easy to understand, it's laid out nicely. For someone like me who's a novice to investing in gold, where would you recommend? And I'm doing this for possibly could be used for my kids' college education in 15 years. Or it could be for my retirement. Or it could be something short term. Where does a novice like me start? What do I buy? I know obviously your website, but what would you suggest I buy? Michael Haynes: The first thing is we want you to be educated and knowledgeable. We're a believer that the educated and knowledgeable investor will make good decisions. Not only for their portfolio, in terms of the asset classes that they have, but they'll choose the right supplier. If you go to our website, on the far right-hand side, there's a place down there for first-time buyers. There's some information that's behind that, many, many pages. We also have an educational center on eBay. Either way, that direct link by the way on eBay is ebay.com/apmex, so you can go right there and there's an educational center. Cody Willard: I'll put that by the way up on the podcast. I'll note by the way too that I got an e-book that Michael has actually read, and that's how we first met. He had read my book, called Everything You Need to Know About Investing in Gold and Silver. There's still a lot more you need to know besides that book. But by the way anybody listening who wants that, just join scutify.com and ask me for it, and I'll send you a free copy. Michael Haynes: Fabulous, that is a great book. Rebecca Diamond: I'm looking at this first-time buyer's area on your website, and it is very thorough. So give us the synopsis, for the listeners right now. Where would you suggest somebody start? I mean if I wanted to buy gold, for example. Cody Willard: Someone like Rebecca herself, if you would, Michael. Specifically what should someone that's got some affluency, but still young, and working ... Rebecca Diamond: Do I buy bars, do I buy coins? I don't know where to start. Michael Haynes: Very good question. Yeah, let's start top down. I'm also, in addition to being a CPA non-practicing, but also a Certified Financial Planner non-practicing. I've been in those industries. Let's talk top-down real quick. Everybody that's listening here has different types of parameters. Let's talk asset allocation first. You've got to decide what part of your portfolio, how much of your portfolio, do you want to... First of all, do you want to allocate anything? That's the first question you have to determine, and that's why we're into education. Part of that is based on your world view, and what you see for the future. Both of you know this for sure, investments are made based on what you think is going to happen in the future. Not what's already happened. Because those investments have already paid off. We're investing for the future, so you have to have a view of what you think is going to happen in the future. Then based on that view, you should start allocating your assets. One of those views that many people are holding today is I have a lot of uncertainty in terms of what I think is going to happen. I'm concerned about, for example, world economics. I'm concerned about a tremendous amount of currency that's flooding markets. Not just the US dollar, but many other currencies. I'm concerned about the US debt. If interest rates move up 100 bases points, we currently have such huge amount of debt it's going to kill our budget. We are in a very precarious position. Not just our balances, and our debt to GDP ratios, which are unprecedented back to World War II. But also what is the impact of that going to be as interest rates rise? We're a huge debtor nation, and it's going to have an impact. All of these things affect the dollar, they affect your purchasing power. They affect your future. And to the extent that you have a view that's your type of view, then you have to finding assets that are going to align. That if we have that kind of outcome, what kind of assets are going to perform there, so I have balance in my portfolio?
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