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Peter Shiff, thank you for doing this. So when did you personally first start buying gold, physical gold?

Well, you know, ironically, the first time I bought gold was when I got bar mitzvah. That's how, this was when I was 13 years old.

Wow. And, you know, so this is in the 70s when, you know, the original gold bull market.

And so I got my bar mitzvah money. And because of my father, I, you know, I bought gold.

And I ended up selling it coincidentally near the highs in 1980. Because that's because gold went from

$35 an ounce in 1970 to $850, 1980.

So in the middle of that run, I took my bar mitzvah money because I probably got bar mitzvahed in 1975, 76.

And I got took my barmiss for money and I bought gold.

And then I sold it to buy my first car, which I was a senior in high school. What kind of a car? It was an MGB convertible. Nice. Yeah. So although it broke down all the time. And I bought it. It was a stick shift. I didn't even know how to drive a stick, but I wanted that car. So I had to figure it out as I was going along.

So I happened to get out of gold, you know, near the highs because then gold went into a 20-year

bare market, right?

From 1980, when gold hit 800, it was, you know, bottomed out at 250 in 2000, 1999, 2000. But that's about when I started recommending it. So I got into the brokerage business in the 1990s, and I was a stock broker. But I also wanted my clients to own gold.

I wasn't in the gold business at the time, but I believed that everybody should have some

of their portfolio in gold.

And so that's when I started recommending it.

And so it's outperformed by a pretty big margin, you know, the S&P 500, Dow Jones.

You know, going back to the beginning of this century, right, 2000, 2001, if you were to price the Dow

in terms of gold, it's down about 70%.

Against gold.

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