Bank Bans Gold Traders? The Truth Nobody's Telling | Alex Spellane DSH #1062

People believe because gold doesn't have a magnetic pole

that it's used for alien spacecrafts and stuff like that.

Wow.

That's another theory of like why gold is so important to Egypt.

People that speculate though the Egyptians were visited by extraterrestrials to help them build these pyramids.

The reason they were so fond of gold is because the aliens came to Earth for gold.

I have my initials on these.

These are from the New Zealand men.

They're legal currency there.

Oh, wow.

But I designed this coin.

It's a black marlin.

It's got a reverse proof finish.

These are dope.

Pretty coined.

Wow.

But here you go.

Have

you?

Yeah, enjoy that.

Black Marlin.

Is this your spirit animal?

Well, it's the fastest fish in the sea.

Is it?

I didn't know that.

I mean, reportedly, right?

Wait, this is how to you?

It's King Charles.

So ever since the queen died, they played King Charles and everything.

Got it.

Yeah.

Who's been your favorite interview this conference so far?

Oh, my God.

Probably Bruce was a really good one, to be honest with you.

Probably the co-founder of Old Glory Bank, just because, you know, him and I see

we have the same exact mission.

It's all about

liberating clients from a machine,

which I know resonate with you because you do crypto.

and just getting their independence back and not having to worry about being targeted for the conservative conservative values they have.

Yeah, speaking of crypto, it's nice to finally have a government administration that is pro-crypto.

Yeah.

You know, and they're pro-gold too.

Yeah, and it's true.

I mean,

there's no reason that people shouldn't be.

It's other than trying to have an unnecessary amount of control over people, right?

It's the only explanation anyway.

Like,

why would they not want cryptocurrency companies to thrive?

Why would they not want people to own gold?

Well, it's because they can't regulate it and they can't

you know, really control where the flow of the transactions.

Let me ask you this since you're in the gold space.

So, a lot of people in the crypto space are being debanked.

They're losing their banks.

They're shutting them down.

Has that happened to people in the gold space?

Yeah.

Crazy, right?

Yeah.

Like for our processing,

I had a good relationship with my bank.

If you try to open a bank account and you say you do gold, they won't let you open the account.

What?

Yeah.

Bold is such a stable asset that makes millions.

And they say, like, oh, we don't want to deal with anyone that's trading commodities.

I'm like, no, I sell coins.

So I had a friend try to open a side business that we were like doing something with.

And they wouldn't open her account.

That's, you know,

even my mom got banned because my chase got banned.

And I spent her like a sale, I guess, one time, like, not even crypto related, but she got banned.

Yeah.

It's crazy, bro.

My mom.

What crypto do you make the most money on?

Bitcoin?

Ethereum.

Really?

Yeah.

i got in at like 2000 i think so i doubled up yeah that's insane bro i mean people got in way earlier than that but i just went all in i take a lot of this not as much as i did i'm 27 now but the only money i made in crypto was on hats

yeah is that one still around it is it started popping again recently he trended richard hart created hats he created an exchange um to compete with the ethereum network to lower gas fees.

It's called the Pulse Chain Network.

And he did an airdrop of coins for people who sacrifice for the project.

So to raise money, you basically sent your money as a sacrifice to this wallet.

Yeah.

And then the promise was that your token address would then have an airdrop of pulse chain coins, which is like the Ethereum token for this network, right?

It's like the main, what would you call that?

Main net or whatever yeah so it's just the main token of the of the network yeah and

get a launch date didn't launch and i was like i just got scammed at like 500 grand

and they ended up delivering wow that doesn't happen in crypto yeah we ended up delivering and then there was a run pull and i got out and my hypes went down i i bought more when it dipped but it just kept crashing So I put like 80 grand in.

I took it to 1.2.

I sacrificed like half of that, 550 grand or whatever it was.

I lost another 500 grand.

Then I got that 500 grand back.

So I walked away off 80 grand with like 550K.

Actually, 580K.

And that's my only experience with crypto.

You've made more off gold.

Yeah, I have.

Yeah.

When did you get, when, when was the first gold, what was the first gold purchase you made?

How old were you?

27.

Wow.

So my age.

And I'm about to buy gold for the first time too.

Yeah.

Through you guys.

So yeah, it gets you a really good deal.

Like, I mean, we have, obviously, the products we make the most money on are stuff like this.

That's collectable-ish.

Yeah.

Right.

Because

I can get it for the same price as common bullion.

But if you go and look up, like, oh, what should I pay for a gold American Eagle or a gold maple leaf or a gold bar?

Those products are so shoppable, you can't really mark them up.

Right.

Because then someone will say, I found it cheaper.

I'm not going to buy it from you.

So the only time you can really mark up something is when you have something unique.

Yeah.

Or absolutely.

People are getting ripped off if they go to like a we buy gold store to buy gold yes and no not really yes and no some of them probably um

you just got to be careful man and i i mean you gotta understand those smaller shops they

have to pay for the location and they keep the lights on they don't do it on a national scale right so they they typically make a lot of their money based on people who walk in wanting to sell gold and they give them a bad deal on the buyback.

And it's like the client that walks in is there because it's like, well, it's my best option.

So they just sell it for cheaper and then they resell it for more.

I was watching a gold versus crypto debate.

And

the guy, the crypto guy, was like, there's gold on other planets and eventually we're going to be a multi-planetary species.

Have you seen this take?

No.

It's interesting.

I've heard that theory.

Yeah, but that's not, I can't see that being in our generation.

You know what I mean?

Even if it's true.

Unless they come here, right?

Yeah.

Plus, who knows how much gold is out there in the galaxy?

So so many people believe because gold doesn't have a magnetic pole

that

it's used for alien spacecrafts and stuff like that wow that's another theory of like why gold is so important to egypt people that speculate though the egyptians were visited by extraterrestrials that helped them build these pyramids the reason they were so fond of gold is because the aliens came to earth for gold yeah that's a theory wow so gold goes back really far in history that's interesting yeah i mean it's it's

you know, that song that's in a Rudolph movie?

Like, how do you measure its worth just by the pleasure of bring silver and gold?

And it's true.

When you get it in your hand and you hold it, there's something precious about it.

You don't want to let it go.

It does feel different.

It's like an energetic thing.

Yeah, energetic is a great thing.

Now you got Grebeni's burning it through it, right?

It's in every iPhone now.

So is the supply getting smaller, smaller?

There's a finite supply.

It's said

that there's only enough gold in the world.

All the gold that exists in the world is only enough to fill two Olympic-sized swimming pools.

Wow, that's silver is much more abundant.

Wow.

So it is finite.

It's really not much at all.

That makes sense why it's way more expensive than silver, though.

Silver is.

Well, if you look at the size of an Olympic swimming pool, it's big.

Two of them, it's pretty big, but most gold isn't 100% pure anyway.

But it's melted down or something.

What's the blonde chain I'm wearing?

This is 14 no it's 18 carat 14 18 something like that

which means that it's it's got other alloys in it because gold's soft some people like this is 18.

if it's any softer than 18

it it scratches and dents so easily it's such a soft metal yeah

so like uh if you drop a gold coin on the ground it's gonna dent very easily

interesting it'll even chip off like flakes of gold will come off of it

if it's if it's pure enough.

That's nice.

Yeah.

What are you going to talk about tomorrow morning?

We're going to talk about

it's called the truth about gold now that Trump is president.

And we're just going to talk about where the market's at, the industry.

It gives the people an opportunity to meet our team and to get some free silver.

I give a 16-year-old kid $2,000 of silver today.

What?

So on stage when I spoke, I said, hey, the first person that texts medals to 26786, the first person that we get, we are going to give you $2,000 of free silver at our booth.

And as a man of my word, I mean, obviously, there's no way for them to track it, but I think about like a thousand texts.

It's about integrity.

And yeah, I'm grateful for the opt-ins, right?

So it's a cool coin, bro.

Thanks, man.

I love that coin.

Yeah.

It has my initials on it.

It's every credit.

Super hard to see,

but you see

the writing in the wave, it says AMS.

Super hard to see.

Nice.

But that's my initials, Alexander Marcos Filling.

So, I designed this coin.

This is a laser etching.

Actually, if you just

open this,

you can see.

So, this is silver.

This was pure silver.

Wow, you see there's a little opening right there.

So, you gave him a lot of these if it was $2,000

for tubes because I gave them to him at what we sell them for, not what I buy them.

But, um, this one was when I opened up.

It's all good.

We don't have to be young people, but um,

yeah, guys.

So

this one hold on the edge.

But if you see there.

Oh, it's Vidge.

Wow.

It's called Reeds.

And that's so, like, they put reeds on coins so that people can't shave the sides of them.

You'll know if it's shaved.

That's a super crisp coin.

So people were shaving these back in the day?

Yeah.

Yeah.

Take out the silver.

Yeah, I'm just like, like, when we're on a gold standard, if you're turning gold, right,

you could shave it.

And after you shave enough of them, every coin a little bit, you can accumulate like, you know, an ounce of gold.

Yeah.

So this is a laser etching on the coin.

And the way it looks black, like his appearance, it's called a reverse proof finish.

So those are very unique features of the coin that justify a markup that I can charge for it because you can't buy another coin like this.

That makes sense.

Yeah.

So, dude, where can people find the site and learn more about you?

Fishercapital Group.com.

So we'll link it below.

Thanks for watching, guys.