Tax Talk Podcast
A monthly podcast with a wide range of guests focused on helping Canadian small business owners make decisions surrounding incorporation, growing their business efficiently, and implementing successful succession, estate planning & tax planning strategies.
Tax Talk Podcast
Your MONEY vs. INFLATION: Investing in Gold & Silver | EP 57
The Canadian dollar keeps sliding, and it’s hitting your long-term purchasing power. So how do you protect your savings when cash is quietly losing value? How to combat inflation
In this episode of Tax Talk, Jared sits down with investor and educator, Luke Spicer, to unpack why the CAD is weakening, how inflation really works, and whether gold and silver can serve as a practical hedge. We get into the silver-to-gold ratio, industrial demand for silver (EVs, solar, national defence), practical buying tips, storage options, and even how some Canadians hold physical metals inside registered accounts (RRSP, TFSA, RRIFs) through a trust company and compliant vaults.
What you’ll learn:
- Why the Canadian dollar is struggling and how “invisible taxes” like inflation erode savings
- Currency vs. money: why gold and silver have held purchasing power across history
- How premiums, spot vs. market price, and buybacks actually work when purchasing metals
- Storage choices, including at-home vs. insured vaults in Canada/offshore
- Liquidity, volatility, implementation, and separating signal from hype
- Why idle cash in bank accounts can be a drag and how to think in “purchasing power” terms
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Need to get in touch with Luke?
#InvestmentStrategies #HowToCombatInflation #InvestInGold
00:00 Kicking it off
00:47 Overview of the episode
01:23 The Canadian Dollar keeps diving
06:13 Investing in silver and gold is still out of the norm
09:53 Silver and gold investment performance
16:25 A physical investment for security
23:16 Versus investing in RRSPs, RRIFs, LIFs, Etc.
29:56 Inflation education
42:22 Wrapping it up
40:49 Wrapping it all up
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