Aug 1, 2026 · 47 min · 11 segments
In this podcast, Tony, Jared, and Tarek Saab discuss gold, silver, U.S.-based precious metals ETFs, inflation, deficits, and why hard assets may lead the next macro cycle…
Tarek SaabGuest
Tony GreerHostJared DillianHost
So now [sighs] you have come up with what seems like a brilliantly competitive product, right? With the set of ETFs that Texas Precious Metals and Yall Street are going to float on the exchange.
Um, let me start with what problem we were trying to solve by launching these ETFs.
Um, having lived in the physical precious metals market and understanding our, our client base, when our client base wants exposure to gold and silver, if we s- take a step back and we say, "Well, what really are their options?"
Unless you're a professional trader, you're, you're, you know, Tony Greer, Jared Jet, you're not touching the futures market, right? And if you're a, a wealth manager or RIA, you're not touching the, the futures market.
So really the two options that are available are go to a precious metals company like us, like others, and buy physical and, and go through that process, or you're buying an ETF, like GLD-
Buy physical, store the physical, protect the physical, guard the physical, the whole thing.
And look, it's, it's filled with a lot of friction, um, and, you know, premiums fluctuate.
I'll be, I'll be the first to say that as one who is, you know, transacts in, in, in this space quite a bit.
Um, so if that is not an alternative for you or if you want to, you know, l- borrow against the, the, uh, equities that you have in your brokerage account with a bank or what have you, you have to trade in ETFs.
So you're proving essentially that you've got, when you own those ETFs, you've got paper price exposure only.
So now [sighs] you have come up with what seems like a brilliantly competitive product, right? With the set of ETFs that Texas Precious Metals and Yall Street are going to float on the exchange.
Um, let me start with what problem we were trying to solve by launching these ETFs.
Um, having lived in the physical precious metals market and understanding our, our client base, when our client base wants exposure to gold and silver, if we s- take a step back and we say, "Well, what really are their options?"
Unless you're a professional trader, you're, you're, you know, Tony Greer, Jared Jet, you're not touching the futures market, right? And if you're a, a wealth manager or RIA, you're not touching the, the futures market.
So really the two options that are available are go to a precious metals company like us, like others, and buy physical and, and go through that process, or you're buying an ETF, like GLD-
Buy physical, store the physical, protect the physical, guard the physical, the whole thing.
And look, it's, it's filled with a lot of friction, um, and, you know, premiums fluctuate.
I'll be, I'll be the first to say that as one who is, you know, transacts in, in, in this space quite a bit.
Um, so if that is not an alternative for you or if you want to, you know, l- borrow against the, the, uh, equities that you have in your brokerage account with a bank or what have you, you have to trade in ETFs.
So you're proving essentially that you've got, when you own those ETFs, you've got paper price exposure only.
The rest of this transcript — segmented and speaker-labeled, so you land on the exact moment something was said
Search every transcript — by keyword, by phrase, or by meaning, across every show Radar indexes
Trends — what is surging across podcasts, measured against its own baseline
Alerts — when a name you follow appears in a newly indexed episode
No account is needed to search Radar.