Spotting a Crash: How to Protect Your Super Before the Slide

WEBVTT

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Welcome to Why Is It So. I'm Paul and today we have a special guest in Gordon Phillips,

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a man who has been with us not so long ago to discuss with us the book he had

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just published, The Risky Reader.

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The book is a 488 pages of history, so we can only skim over the workings of

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politics and governments, primarily in the United States, but adaptively all over the world.

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Today, he is going to tell us how to recognise a stock market crash coming,

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and how to protect the savings in your super when the market does crash.

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Firstly, we have to issue a disclaimer. This content is provided for educational

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and information purposes only, whether it appears in podcast episodes, videos,

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written articles or newspapers or any other format produced by the author of the podcaster.

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The host, author and any contributors are not licensed to provide legal,

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financial, marital or tax advice,

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and nothing contained in this content should be interpreted as such.

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While the author resides in the United States and makes every effort to ensure

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accuracy, laws, regulations and professional standards vary by jurisdiction,

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including Australia and other countries and may change over time.

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You should always seek guidance from a qualified professional in your local

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area before making any decisions based on the information presented.

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Use of this content is at your own risk.

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Neither the author nor the podcaster assumes any responsibility or liability

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for the loss, damage, or harm arising from reliance on the information provided.

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So let's go ahead and see what Gordon has to tell us.

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Good morning, Gordon. Good to see you again. Looking forward to a very interesting episode, actually.

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You too, Paul. Thank you for having me on again. Again, we'll have to stop meeting

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like this. People are going to talk about us.

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They already are. I hope so.

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We were going to talk about how to sort of safeguard your money instead of having

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it just all in shares or whatever.

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And you're going to tell us about the laws and buying gold and silver and coins

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and all that sort of thing.

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Sure, yeah, fire away. Well, okay, let's start with the first question I've

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got here is, is it possible to know when the stock market is going to crash

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again? That's pretty good.

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Yeah, pretty crazy. huh? Yeah. Well, yes, it actually is.

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Yeah. Say, well, how could you do that? It's called technical analysis.

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Technical analysis. Yep. So you go to a stock chart, like Yahoo Finance,

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and you bring up your share market.

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We call it the stock market. You call it the share market. Same thing.

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Yeah, we understand the two. And you put on a certain type of stock chart called

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Japanese candlesticks, which is one of the choices that they all make, and.

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They'll either be green and red, where the green ones went up and the red ones

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went down, or they'll be just black and white, where the black ones went down

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and the white ones went up.

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And then you look at a one-month chart, a one-week chart, a one-day chart, and you can see...

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When the consensus of the world is that the market is starting to turn over

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and there's selling pressure entering the market and it starts to break to the downside.

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So with this particular one that you're talking about, the Japanese, what was it called?

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Candlesticks. Candlesticks. Candlesticks. This is only really a summary,

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if you like, of what's happening in the share market.

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Well, what it is is it shows what happened during the previous period.

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All right. So, if you're looking at a one-week chart, each little streak on

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the screen will be the summation of what happened during the previous week.

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Right. Where did the price start?

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Where did the price end? How high did it go? How low did it go?

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And that's the actual stock market, the whole stock. Yeah. It's there for every market.

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Yep, yep. Gotcha. And you can literally, it's like I say, it's like footprints

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in the snow or footprints on the beach.

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Yeah. You can literally see what the consensus of the entire world was for the

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previous periods on where the price should be.

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And when you see it starting to break down and weaken, if you've been in a bull

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trend and it starts to break down and weaken, at some point you can get out.

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Now, you'll never get out at the perfect top ever. Nobody can.

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They don't ring a bell at the top and say, hey, we're at the top, everybody.

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You can only tell it's the top by looking in your rear view mirror,

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after you've gone over the top say oh we just I think we just went over

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the top but if if this with this thing it

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there must be little surges obviously it doesn't oh sure if it starts down it's

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gone all the way down all the way no absolutely a few days or whatever that's

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why we look on different time frames like the one day the one week the two week

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the one month yeah you start to get a.

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If you're correct, so then you might ask the next question.

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I don't want to put words in your mouth. Like, what do you do when you see that,

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right? I think we've got that, yeah. Yeah.

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What's the action plan? Yeah, but basically it's how can you protect the savings

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in my super is the main thing. Like, you've got no chance.

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If you're going to change it, you've either got to buy the money out or sell

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out and then wait for the companies to get them to buy in again.

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So what we do is we issue a very loud whistleblast, and everybody gets under

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the table with their worry beads and praise that their money's saved. I'm only kidding.

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So I'm going to compare this to America because I know very little about the

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Australian economy and markets.

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But in America— With that, I'm sorry to interrupt you, but really with that,

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I think our economies are similar.

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They're not exactly the same. Well, they're all very similar all over the world.

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They just have different names and different little rules.

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At least with us, like America and Australia.

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Well, say we're talking English. I am. You're talking American.

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You've got a funny accent, but you speak English perfectly fine as far as I

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can tell. Oh, gee, thanks.

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No, I'm joking. I'm joking. You're a good guy.

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No worries. So when you see the market starting to turn over and go short,

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go down, in america we have what's called a 401k right and you have what is

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called a super yes but they're the same thing exactly set up by governments

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exactly the same way right there's different rules in each country of what you

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can do with them but in america if you work in a company in a job,

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they'll hand you some brochures as a new employee and say what do you want your

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401k invested in And you'll be given your choice of what are called mutual funds,

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which all hold stocks or shares, as you call it.

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Or you can put your money in what are called money market funds,

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which have nothing to do with stocks.

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They're in bonds and money market funds instead.

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So here, if you see the stock market starting to turn down, you simply walk

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down the hall, knock on the door of the nice lady in human resources and say,

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hey, I'd like to switch my money.

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From the stock market over into the bond market.

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Right. Just put me in that other fund where I'm investing in bonds,

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in money market funds. Yes.

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And now you're off the dance floor. You're off the stock market dance floor completely.

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Right. You're in another world. If that market crashes, you're not going to

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participate in that crash.

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Right. Right. Now, if you were wrong and you were premature,

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and two, three months later, it turns out the share market goes back up again.

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Please go back down the hall and say, hey, I'd like to put my money back in this.

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There may be a fee you have to pay for these little switches. Yeah.

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But that would be a small price to avoid having your money tank with the entire

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stock market if there's going to be a major drop. Would that be,

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you'd do the same thing if you want to go to gold or precious coin?

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No, that's a whole different thing. They're not going to offer gold and silver

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typically in an American 401k.

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Right. That's something you would buy on your own on the side.

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Ah, right. Okay. Gotcha. With your own money. Yeah. Yeah.

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Yeah. So I'm sorry, I'm interrupting you there just to make sure we get our

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picture right. No, no, that's great. Yeah. Yeah.

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Yeah. Okay. So you can do that as many times as it happens. But as you say,

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I don't know if there's a fee here or not.

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I think if anyone's going to do anything about this and maybe partake in some

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of this stuff, they will hopefully go and get legal advice and do it properly.

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Otherwise, everywhere could be in trouble.

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Well, what most Americans do, I mean, millions of people do,

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is they stay in their 401k, in the stock market, and they just pray.

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I mean, I don't mean this to sound disrespectful. I'm not saying from like a

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religious thing, but they treat it just based on their hopes and prayers that

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it will go back up again. Right.

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And it goes down 10%, and they're nervous. it goes down 20% and they're calling

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their financial planner.

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And that person is giving them what we call a song and a dance.

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Saying, oh, don't worry about it. This is America. It always comes back.

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We've seen these corrections before. Hang in there.

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And then it's down 30%. And now their advisor's voicemail is full.

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And now it's down 40%. And I like to joke their advisor's gone into the witness protection program.

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And then it's down 50%, and the investor, to use the language of my children,

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freaks out, gets in the phone and screams, sell, sell, sell,

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get me out of the market. At least I've got half of what I started with.

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And they hate the market. They hate themselves. They hate the planner.

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And do you find that usually— That's what most people do. they don't have any

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advanced plan to handle risk when the market dives strongly.

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You find that usually it's not the large organizations that sell.

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Isn't usually the moms and dads that have got sort of, you know,

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a reasonable stock, and then they panic more so than a big institution wouldn't

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just suddenly run out and sort of say, oh, sell everything off.

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We'd all be in trouble, wouldn't we? No, in America, Congress wrote the retirement

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laws so that you can only buy in your 401k.

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You have to be in instruments like money market funds or mutual funds that go up.

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But the market sometimes goes down.

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And so if you just hang on, hoping against hope, you could see a 40,

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50, 60, even like in 2000, 80% drop.

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And then you wait years and hope it'll come back up again.

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Yeah, the only ones that are in trouble are the ones that have retired and need their money now.

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If it's someone that's younger and has got 10 or 20 years on their mind, it doesn't matter.

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They'll get back up again and probably have another crash before they finish anyway.

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They very well could. You're absolutely right. Yeah, yeah.

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Okay. But that's the unfortunate reality is every time the market drops shockingly

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deeply, most Americans just ride it out.

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And they're sick to their stomach.

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They're scared stiff. They're anxious. Now they're worried about their future.

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It doesn't have to be that way. All you have to do is take a little bit of responsibility,

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action, and a little education.

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Yeah, yeah. I teach these principles in my school.

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We have whole classes on these subjects. Yeah.

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Yeah, so, well, I suppose when you see it as low as it is, and you see it coming

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back up again, that's when you should really be going.

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Even if they just took it out and put it in the bank, for argument's sake,

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with no interest, and then after 12 months or so, if it's a real bad one,

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or usually it only goes for a few months and it starts to rise again,

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you buy it at the cheaper price and make up your price anyway.

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Well, you can look at the same chart patterns and you can see when it's made

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a bottom and it's starting to turn back up.

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Yeah, yeah. You can get back in then if you'd like.

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Yeah, well, that would be the obvious thing to do, I would think. Yeah, yeah.

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Halfway down, you've missed the top half, but halfway down, if you sell out,

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hang on to the money, and when it starts to go up, you buy it at a cheaper price,

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which covers most of what you've lost will come back again.

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Well, the real objective would be,

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To get out as close to the top as you can. Obviously, yeah. Obviously, yeah.

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And then wait it out for a nice bottom and get back in.

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Yeah, yeah. It sounds pretty simple, but I can understand your average person

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working all their life, putting in money in there, so they've got something

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to retire with, and suddenly it disappears.

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I can understand where, as I say, and anyone that is about to take their money

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out, that's They're the people that hurt because you only lose,

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really, if you sell. If you don't sell, you don't lose.

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Until you sell. Yeah. You just wait. On paper, you may have a paper loss,

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but you haven't really lost money.

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Yes. You just have to – you're hoping you're waiting it out.

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Yes. So is that popular? I'm sorry?

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I'm going to say people rely on their planners and advisors,

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and a great many of them here in America don't really manage risk.

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Yeah. They're salespeople. Yeah. Well, I think that's the same world over. Yeah, I'm sure it is.

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Okay. How can I minimize inflation in my nest egg with precious metals?

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Pardon me, precious metals.

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How to fight inflation in what? Well, I wrote this down.

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How can I minimize my inflation in my nest egg with precious metals?

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Okay, yeah. So you mean gold and silver. Gold, silver, coins, whatever, yeah.

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Well, I'll paint a picture for you, okay? Yeah. A little story.

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Yeah. So you can picture a child's seesaw. I guess they call them teeter-totters

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in Australia, right? Yeah.

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And just imagine that on one side is a big bag of all your money.

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Right. And it's all your dollars, all your dollars that are in investment accounts

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and bank accounts and savings accounts.

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And the other side is your whole world, okay? No.

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And the bag, the steam coming out the top of the bag.

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Right. And we're going to pretend that that's inflation. Right.

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Which in America right now is running a true real 6% a year,

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which is horrendous. Yeah, I see.

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So the bag is getting lighter and lighter. Yeah. And the other side of teeter-totter,

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your whole world is going down. Right.

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So what you do is you reach into the bag of money and you take out a percentage

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that you calculated in advance.

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I won't go into how to do that right now, but let's just say it's 10%. Right.

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So let's say the bag is $100,000.

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Yeah. Now you take out $10,000 and you turn it into gold. Right.

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So now you've still got $100,000.

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Right. Just $10,000 is in one type of money called gold and $90,000 is still in dollars.

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Right. But the gold is growing in value so fast that that little $10,000 bag

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is getting heavier at the same rate at which your $90,000 bag is getting lighter.

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Oh, okay. Yeah. So the teeter-totter stays level. Right.

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Now, that's the same as your purchasing power staying the same. Right. Okay.

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Yeah. Do you get the analogy? Yeah. Yeah. So, yeah. You're evening it out.

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That's right. That's right. You're evening it out. That's right.

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Otherwise, at 6% inflation, next year you could buy $94,000 worth of what you can buy this year.

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The following year you can buy, what, $88,000 worth, and then $82,000 worth.

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And by four or five years, you've lost a quarter of your purchasing power. Yeah.

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Because it's just sitting in dollars. Right. Right.

00:17:26.683 --> 00:17:32.003
So, okay, let's say we come to the end of this recession and then we start to

00:17:32.003 --> 00:17:34.523
turn from the bottom, we're going up.

00:17:35.323 --> 00:17:40.343
Does the price in gold go down surreptitiously, if you like?

00:17:41.383 --> 00:17:46.463
Well, we're not talking about economic recessions. We're talking about monetary inflation.

00:17:47.103 --> 00:17:50.043
Ah, okay. Okay? Yeah. So the U.S.

00:17:50.163 --> 00:17:56.403
Dollar has been losing, on average, 6% a year for the last 25 years. Really?

00:17:56.963 --> 00:17:59.043
Yes. It hasn't gone down at all?

00:17:59.950 --> 00:18:04.530
I mean, inflation has raged during COVID to 14%.

00:18:05.230 --> 00:18:11.370
It's gone down to 3%. Yeah. But on average, it's averaged about 5% or 6% for

00:18:11.370 --> 00:18:13.010
the last quarter century.

00:18:13.230 --> 00:18:18.050
Right, right. Well, gold has just gone up and up and up and up and up and up all that time.

00:18:18.650 --> 00:18:25.850
Right. Okay. Yeah, I got you. So, yeah, we're currently at a pretty good price

00:18:25.850 --> 00:18:33.630
for our inflation. We're down, I think, to around about 3% or 3.5% or something at the moment.

00:18:34.450 --> 00:18:37.330
That's what the government is telling the American people, too,

00:18:37.350 --> 00:18:39.130
but it's not true. Oh, okay.

00:18:40.050 --> 00:18:44.310
There are people who track real inflation.

00:18:44.770 --> 00:18:48.370
Right. Like, all you have to do is take maybe 100 everyday items,

00:18:48.870 --> 00:18:57.970
a dozen eggs, a pound of steak, a gallon of gasoline, a pair of socks, a T-shirt, whatever.

00:18:58.590 --> 00:19:02.690
And measure their costs year by year by year by year by year.

00:19:03.150 --> 00:19:08.830
All right. It's inflation in the real world, not some fudge numbers that certain

00:19:08.830 --> 00:19:12.450
people are very motivated to make look better than they are.

00:19:12.550 --> 00:19:14.710
Let's put it that way. Right, right. Yeah.

00:19:15.450 --> 00:19:19.650
And by that measure, the government's been telling Americans that it's about

00:19:19.650 --> 00:19:27.310
3, 3.2%, but the true loss of purchasing power has averaged closer to 6% in this country.

00:19:28.130 --> 00:19:33.530
Okay. Yeah. Yeah. Because, well, is it because they're sort of checking only

00:19:33.530 --> 00:19:37.550
the things that are going down and that's what they're telling you about and

00:19:37.550 --> 00:19:39.090
not telling you about the things that have gone up?

00:19:39.670 --> 00:19:46.390
Well, we have what's called the Consumer Price Index. Yeah. Or CPI. Yeah. We got that. Yeah.

00:19:46.630 --> 00:19:50.150
It currently does not even include food or energy.

00:19:51.020 --> 00:19:55.340
Is that right? If you can believe that. Yes, sir. But that's where all the money is.

00:19:55.560 --> 00:20:00.480
It's what makes the grass grow green, if you get my point.

00:20:00.820 --> 00:20:02.240
Oh, yeah. Yeah, yeah.

00:20:02.800 --> 00:20:05.680
I'm being polite here. It's a family show, so I'm being polite.

00:20:06.340 --> 00:20:08.640
They're full of what makes the grass grow green, okay?

00:20:10.740 --> 00:20:21.060
In loads. Yes. Yeah. It's amazing. I never even thought to look at what the CPI actually works on.

00:20:21.340 --> 00:20:25.200
There must be a place where there's a figure you can get. This is what the CPI

00:20:25.200 --> 00:20:28.780
is made of. They play every game they possibly can.

00:20:30.420 --> 00:20:35.320
I'm not trying to put my tinfoil hat on here. I'm just telling you they play

00:20:35.320 --> 00:20:37.760
every game with the numbers they can. Yeah.

00:20:38.460 --> 00:20:42.500
Yeah. Yeah. Okay. I'm sure all governments do.

00:20:43.080 --> 00:20:47.520
Oh, yeah. And we have got a couple of the best, I can tell you.

00:20:47.940 --> 00:20:49.520
I've seen. I've seen, yes.

00:20:49.960 --> 00:20:56.600
I have ever, ever seen. Yeah. Kudos for that. But they're the biggest arseholes of all time.

00:20:56.880 --> 00:21:03.620
They lie. They cheat. I mean, we've had a fantastic go at the moment. It's been horrific.

00:21:04.240 --> 00:21:09.600
Horrific. That's why I wrote that book, The Risky Reader, to educate people

00:21:09.600 --> 00:21:11.560
on why this is true. Yeah.

00:21:11.920 --> 00:21:19.220
It is. It's not good at all. So the best type of precious metal to buy, what would it be and why?

00:21:19.940 --> 00:21:24.660
Well, everyone has an opinion. My opinion is that people should stick to rare

00:21:24.660 --> 00:21:28.160
coins, collectible coins.

00:21:28.760 --> 00:21:30.900
They're also called numismatics.

00:21:32.100 --> 00:21:37.220
Numismatics. Yeah, numismatics. Because no Western government,

00:21:37.380 --> 00:21:41.760
including the U.S., has ever confiscated rare coins from the public,

00:21:41.760 --> 00:21:45.060
even when they have confiscated the public's gold,

00:21:45.940 --> 00:21:50.620
which is what happened in this country in 1933 under President Franklin Roosevelt.

00:21:51.372 --> 00:21:56.652
And they just walked in and said, we need this for the treasury and see you later.

00:21:57.152 --> 00:21:59.652
Well, they don't walk in. They simply tell you, we know you own it.

00:21:59.712 --> 00:22:01.832
You don't turn it in. You'll go to prison and pay big fines.

00:22:02.712 --> 00:22:04.432
Oh, right. Okay. Yeah.

00:22:05.472 --> 00:22:08.912
So basically, you sell it at the going price or the price they give you.

00:22:09.372 --> 00:22:14.272
Whatever they say it's worth is what you get. Right. So you can't lose a lot of money.

00:22:14.892 --> 00:22:19.752
Has that only happened to once over there? I don't know. Was that again? Yeah. Sorry?

00:22:20.412 --> 00:22:24.972
Say again? I was just saying, was this the only time it ever happened?

00:22:25.112 --> 00:22:30.652
Because I don't know of any happening here. Of course, I haven't been following it myself. So 1933.

00:22:31.932 --> 00:22:35.992
Right. Okay. Yeah. So to do that, they don't need to change the law or anything else?

00:22:36.132 --> 00:22:37.692
They've got access to it? Nope, they can do it anytime they like.

00:22:37.832 --> 00:22:40.192
They could do it anytime they like. All they have to do is declare an emergency.

00:22:40.852 --> 00:22:44.932
Oh, okay. Yeah. So, all right. So you buy gold.

00:22:45.172 --> 00:22:49.192
We assume that we're not going to have a disaster like that, hopefully.

00:22:50.032 --> 00:22:54.032
But then that's where you say by going to coin, they don't, well,

00:22:54.192 --> 00:22:56.232
is that registered, the coin or not?

00:22:56.592 --> 00:22:59.072
It probably wouldn't be, would it? It depends on how you buy it.

00:22:59.172 --> 00:23:03.052
Most people buy it using a check or credit card. So, of course,

00:23:03.072 --> 00:23:04.152
the government knows you own it.

00:23:04.972 --> 00:23:08.332
All right. Yeah. So you've got to have cash. You're just walking with cash.

00:23:08.412 --> 00:23:09.312
That's what you're saying.

00:23:09.752 --> 00:23:13.512
Sure. It depends on where you go buy it. But if you're going to buy quality

00:23:13.512 --> 00:23:16.132
rare coins, you're going to buy them from a professional coin dealer,

00:23:16.132 --> 00:23:19.012
and it will be a visible recorded sale.

00:23:19.972 --> 00:23:23.752
Which is totally fine, because if the government's not interested in them,

00:23:23.832 --> 00:23:26.832
it doesn't matter how you bought them. Okay, okay.

00:23:27.532 --> 00:23:31.092
And they're not interested in sort of chasing the coins at the moment.

00:23:31.772 --> 00:23:36.572
It's a tiny, tiny, tiny market, rare coins. Yeah, because coins you wouldn't,

00:23:36.692 --> 00:23:42.052
like gold, you'd melt, smelt, and do whatever have you, or pass it on to whoever

00:23:42.052 --> 00:23:43.472
you're paying out in other countries.

00:23:43.792 --> 00:23:48.752
But in coin, and they wouldn't have that, they wouldn't bother buying $10,000

00:23:48.752 --> 00:23:50.552
worth of coin just to, you know.

00:23:51.624 --> 00:23:57.004
Run them out into liquid and make other gold bars or anything.

00:23:57.444 --> 00:23:58.644
Well, the coins are rare.

00:23:59.184 --> 00:24:04.704
Yeah. If you're holding a coin that was minted in 1860, if it's in beautiful

00:24:04.704 --> 00:24:06.724
condition, it could be worth $30,000.

00:24:07.384 --> 00:24:12.844
Yeah, yeah. And you could buy that over there or you could buy it over here, I suppose.

00:24:13.204 --> 00:24:17.464
You buy it anywhere, yeah. Okay. They're bought and sold all over the world.

00:24:18.104 --> 00:24:20.044
Okay. Yeah, interesting.

00:24:21.004 --> 00:24:27.024
Okay. Now, the main thing is, where would you store the coins so no one would know about them?

00:24:27.444 --> 00:24:29.644
Well, that would be up to you, just a little creativity.

00:24:30.404 --> 00:24:35.944
You'd have to just use your common sense. It would depend on who even knew you

00:24:35.944 --> 00:24:37.224
owned them in the first place.

00:24:37.664 --> 00:24:40.304
Yeah. So, it starts with discretion and privacy.

00:24:41.904 --> 00:24:46.584
I think I would never put anything of real value in a bank savings deposit box.

00:24:47.404 --> 00:24:52.364
No, because there's usually something in there that nobody wants to esteem.

00:24:52.824 --> 00:24:56.384
Yeah, but yeah, you can hide things.

00:24:56.504 --> 00:25:03.264
You can find clever, quiet, private ways to take good care of something.

00:25:03.584 --> 00:25:07.104
Yeah, and they've got to be cared of. So I suppose you get them somewhere,

00:25:07.284 --> 00:25:11.444
you don't sort of lose the sheen on the coins and stuff.

00:25:11.544 --> 00:25:18.444
You've got to be pretty well stored, wouldn't you? No, the coins come in a hard plastic case.

00:25:18.704 --> 00:25:25.264
They're sealed with a barcode and they're rating agency.

00:25:25.504 --> 00:25:29.124
They're a very professional commodity. Right. Okay.

00:25:30.307 --> 00:25:36.087
And so, you buy, I suppose, any amount of those as you like,

00:25:36.107 --> 00:25:36.887
I would think, would you?

00:25:37.367 --> 00:25:40.207
Sure. It's your money. Yeah. Yeah.

00:25:41.087 --> 00:25:42.647
Okay. That makes sense.

00:25:43.867 --> 00:25:50.767
I've got to get under a pot plant at the bottom of a can of coffee beans and whatever. Yeah. Yeah.

00:25:51.987 --> 00:25:55.687
Just get a nice big potted plant outside your front door. Yeah.

00:25:56.247 --> 00:26:00.627
Just put your rear coin and wrap it in some plastic and stick it in the bottom.

00:26:01.027 --> 00:26:04.007
You wouldn't put it outside on your front door, though. Well,

00:26:04.067 --> 00:26:06.047
I'd put it wherever I thought that nobody would even care.

00:26:07.087 --> 00:26:10.107
Who's going to steal a potted plant? No, of course, I'd do it indoors.

00:26:11.187 --> 00:26:14.527
Then you've got to put a bunch of dirt on top of it and grow a nice big palm

00:26:14.527 --> 00:26:17.507
tree. Yeah, that would be okay.

00:26:18.147 --> 00:26:21.067
Yeah. I mean, there's plenty of plants here.

00:26:21.067 --> 00:26:28.047
I've seen actual film of people going past a new estate or a new home being

00:26:28.047 --> 00:26:31.947
built, and they put nice trees out the front and the lawns and everything else,

00:26:32.087 --> 00:26:35.507
and the day they actually plant them, they disappear.

00:26:36.187 --> 00:26:40.427
The truck comes along, they take them out and drive away. It's unbelievable.

00:26:40.927 --> 00:26:46.127
They have Visi jackets so you can see them, so they look like workmen.

00:26:47.107 --> 00:26:51.907
They've got the truck and put the trees in the truck and away they go,

00:26:52.067 --> 00:26:56.147
put it into some horse's house and they've just made the money. Yep.

00:26:57.627 --> 00:27:01.887
So they have got a lot of guts, those sorts of people.

00:27:02.347 --> 00:27:09.347
Well, Gordon, just before we finish up, I had a look at your webpage about the

00:27:09.347 --> 00:27:13.967
academy and I noticed there that you had some special reports and one of them

00:27:13.967 --> 00:27:15.887
was making money from home.

00:27:16.327 --> 00:27:19.187
It sort of hit my eye and I thought, I'd ask you about that.

00:27:19.867 --> 00:27:23.347
Is that generally available or what's the situation there?

00:27:24.240 --> 00:27:30.260
I offer that to my students on my website, but there's many,

00:27:30.340 --> 00:27:31.660
many ways to make money from home.

00:27:32.480 --> 00:27:37.300
Some are better than others. Some involve sales. Some don't.

00:27:38.320 --> 00:27:44.240
Some involve trading and investing from home. Some might be starting a network marketing company.

00:27:44.640 --> 00:27:46.880
Yeah. Lots of different choices.

00:27:48.300 --> 00:27:53.160
So if you'd go to a website and log in and be looking for a particular pattern

00:27:53.160 --> 00:27:58.420
of one or two things you say, most of the time when you look at this pattern,

00:27:58.720 --> 00:28:03.560
it's not there, which is not a problem because seeing a pattern, it's not right there.

00:28:03.560 --> 00:28:07.280
Well, what you're referring to, Paul, is specifically currency trading.

00:28:07.760 --> 00:28:13.960
Ah, okay. Which I teach. I also teach my students every Thursday night. Right.

00:28:14.720 --> 00:28:19.480
Currency trading is what? You're trading in the foreign exchange market where

00:28:19.480 --> 00:28:22.920
the world's currencies trade against each other. Right.

00:28:23.600 --> 00:28:26.100
As to what a dollar's worth against another.

00:28:27.320 --> 00:28:33.280
Like how many Aussie dollars it would take today to buy one Canadian dollar, for example. Yeah.

00:28:33.840 --> 00:28:37.160
Is that about the same as the American dollar? They're all different,

00:28:37.220 --> 00:28:38.560
and they're fluctuating every day.

00:28:38.900 --> 00:28:46.440
Yeah. No, we're down to about 65 cents for a dollar. And I teach students how

00:28:46.440 --> 00:28:53.340
to trade those daily, weekly, monthly fluctuations from home on their computer.

00:28:53.760 --> 00:28:58.160
Yeah, but that would mean that you'd have to be on the ball 24-7. No.

00:28:58.660 --> 00:29:02.620
I have a very special technique I teach that takes less than 30 minutes a day

00:29:02.620 --> 00:29:05.860
and never more than five minutes at a time.

00:29:06.569 --> 00:29:10.009
On your own schedule, whenever you want to go look for certain patterns.

00:29:10.669 --> 00:29:13.929
Oh, okay. It's very, very unique. Yeah. Yeah, okay.

00:29:14.589 --> 00:29:19.909
So someone would have to join your academy there and discuss that over first.

00:29:21.429 --> 00:29:28.589
It's GordonPhillipsAcademy.com. And anyone can audit, sit in on any of our classes

00:29:28.589 --> 00:29:36.209
a couple times at no cost just to try us out. See if they like what we're doing.

00:29:36.569 --> 00:29:42.749
Oh, that's quite interesting. So we do give them your email address,

00:29:42.909 --> 00:29:44.709
et cetera, which we'll do again, of course. Yeah.

00:29:45.009 --> 00:29:48.909
And they can just hook in one night or a day and have a look at it.

00:29:48.909 --> 00:29:51.969
Sure, sure. And we only charge $15 U.S.

00:29:52.049 --> 00:29:55.709
Dollars a month to be a student. It's very affordable.

00:29:56.109 --> 00:30:01.109
Yeah. But you will give them a session firstly to see if they will go with that?

00:30:01.529 --> 00:30:04.829
Yeah, a couple sessions. Yeah. Sure. Good.

00:30:05.689 --> 00:30:10.529
Well, Gordon, I think we've done pretty well this morning, and it's been very

00:30:10.529 --> 00:30:11.349
interesting, actually.

00:30:12.309 --> 00:30:17.549
My pleasure again. Thank you. That was great. And hopefully we'll get this out

00:30:17.549 --> 00:30:19.329
in front of the people in another week or so.

00:30:19.869 --> 00:30:22.389
Oh, that'd be great. Looking forward to it, Paul. Excellent.

00:30:22.869 --> 00:30:26.949
Talk to you again. Thank you again for your time. You're welcome. You enjoy your day.

00:30:27.369 --> 00:30:31.209
You too. Well, you're just about to go to bed. I am, sir.

00:30:32.509 --> 00:30:37.129
Yeah. Have a good night. Thanks very much again. You too, Paul.

00:30:38.149 --> 00:30:40.049
You too. Take care. Bye-bye. Thanks, Paul.

00:30:41.869 --> 00:30:45.609
And to our listeners, thank you again for listening in.

00:30:45.869 --> 00:30:50.949
And I hope you got something to take away from that lot. I think it's fairly interesting.

00:30:52.289 --> 00:31:01.609
Before we go, I'll give you the Academy website, which is gordonphillipsacademy.com.

00:31:03.229 --> 00:31:07.069
So if you go on to that you can have a look at what we've been talking about

00:31:07.069 --> 00:31:12.169
tonight there's no obligation, thank you very much again for listening and we'll

00:31:12.169 --> 00:31:15.149
call to you again shortly have a great day, bye,

00:31:16.829 --> 00:31:21.609
thank you for listening to Why Is It So make sure you tune in to our next episode

00:31:21.609 --> 00:31:24.929
remember it's your last defence for common sense.