Latest / Man in America Podcast / The Billionaires Are Hoarding Cash—THEY KNOW WHAT'S COMING w/ Collin Plume

Transcript

The Billionaires Are Hoarding Cash—THEY KNOW WHAT'S COMING w/ Collin Plume · Man in America Podcast

• 0:13
  Speaker 1: Welcome to Man in America, a voice of reason in a world gone mad. I love looking at the intersection of geopolitics, current events, and the economy, and looking, okay, what's happening with the financial markets? You know, what are gold and silver doing? How does that tie into a looming threat of World War three or riots across the nation? And if you look at what's happening right now, which we'll be getting into deepened in today's show with my guest, Colin Plume, the markets in a lot of different aspects of our society are telling us, hey.
• 0:51
  Everything's normal. Everything's great. Like, we're headed up and up and up. But if you actually look at the reality of how a lot of people are living in America, it's not the case. It's not like we're living in some golden age where everyone just making tons of money and taxes are really low.
• 1:06
  People are struggling. Inflation is real. I mean, it's it's crazy to me that I'll go buy something. You know, I'll go buy a part for, you know, my tractor or buy some, you know, sort of, you know, farm thing for my goats. And I look at this.
• 1:21
  I'm like, how is this, you know, this metal cage $200? Like, this should have been $40. It probably was $40, like, eight years ago. And so all these lies that were being fed about how good things are, like, that's just it. They're lies.
• 1:35
  And I'm not sure about you, but there's just this part of me that this sense is that this all has to unravel at some point. And maybe it's the summer. Maybe it's the fall. Maybe it's next spring. I don't know.
• 1:47
  But it's like the whole system. It's like this balloon that keeps getting blown up and blown up a little, and everyone's waiting. As it gets tighter, everyone's like, okay. When's it gonna pop? When's it gonna pop?
• 1:57
  And then it pops. And so we what what's interesting, though, is we've had a lot of, like, major kind of major players in banking and finance over the past week or two giving, like, very serious warnings, like, you know, Jamie Dimon, you know, CEO of Chase, Ray Dalio. You know, they're coming out, they're warning us about the bond market and what's to what's to come. And so in the show today with Colin, we're gonna be looking at, like, snapshot of where things are right now. Look at some of the warnings and analyze some of these messages that have come out from, you know, some of these CEOs and significant players in the financial industry, but also looking at why is silver on such a run?
• 2:34
  You know, silver is right now, it's at $36.37 dollars an ounce, whereas, gosh, I remember, you know, just a couple of months ago, it seemed that it was barely getting to 30. And so but there's a lot of experts that are saying it's gonna keep going up and up. And it like, what does that mean? Right? What does all this mean for us?
• 2:49
  And so I hope you enjoy this interview. It's gonna be good. We have a lot of good information, some charts to show you. And just a reminder that every show that I do is done as a podcast as well as a video form. So if you prefer to listen, just go to favorite podcast app.
• 3:01
  Search for Man in America. You'll find me on there. And if you wanna leave a positive review, especially Apple Podcasts, like with those those, reviews on there really help us to reach more people. So I appreciate that. So let's go and dive into your interview with Colin Plume.
• 3:16
  Colin, it's great to have you back on the show, man. Thank you so much for joining us today.
• 3:21
  Speaker 2: Seth, good to be here. A lot lot of, exciting things happening in not the medals we always talk about, which we'll get into later. So I'm excited to, to talk to you about that and, dive in a little bit.
• 3:33
  Speaker 1: Yeah. It's just crazy how, like, every it's almost like every day now, there's this there's a new thing in the news cycle that just consumes everything. I mean, it was I can't even look remember five days ago. It's like, okay. What was the trending thing five days ago?
• 3:48
  We we went through Palantir, and then Trump and Musk were fighting, and that was all everyone was talking about. Then we had the the riots breaking out. Now we've got June 14. They've got this, you know, kind of the summer of love, inverted with, you know, riots planned all over the country. And I'm not sure about, like, what your sense is, but my overall gut feeling is that there's a lot of chaos coming.
• 4:12
  Like, there's just there's two like, it's like America is a giant bag of hornets. It's been shaken up and shaken up and shaken up, and now it's getting opened up, and it just it's all pouring out. But maybe I'm just a little bit pessimistic. What do you think?
• 4:25
  Speaker 2: No. I mean, I was watching a clip of the riots last night, and there's a newscaster in LA. And the camera is showing just five cars on fire burning. And the newscaster is is, like, basically saying the the kind of verbatim, not verbatim, but like the gist of what they were saying is that, hey, there's a lot of protesters there. The police should stay out of it.
• 4:53
  They're just peaceful protesters. It was that was sort of the and it was like like, maybe if the video was showing actual some peaceful protesters, it would've made sense. But the the and maybe there maybe there is peaceful protesters there. I don't know. But it was very strange that they're watching these cars multiple cars on fire and saying and, basically, he was saying, like, the police shouldn't go in.
• 5:21
  But it was that's just the weird disconnect, I think that we're seeing out there is like there there are people are trying to say that there isn't things happening but they they are happening and I just was in awe of these of some of the comments that I'm seeing out there and and I think that's really the disconnect also. Like, you see it so much in the news and so much in the financial news. You have this disconnect between, like, what's happening. Like, the stock market, you know, where it's at today, it just doesn't it doesn't equate to earnings. It doesn't equate to what they expect is gonna happen this summer.
• 5:57
  It doesn't equate to what I'm seeing on the ground. Yet, you see prices, you know, at this all time high, yet I I know for a fact I've told to multiple business owners that are laying people off, that are cutting spending, that are just, like, trying to lean out, and they're not growing, and yet you see, yeah, $42,009.17 today. It just doesn't It's like it's like watching a sports match where no one's scoring, and the announcers are saying that this is one of the highest scoring games there is. It just it doesn't make sense right now.
• 6:31
  Speaker 1: You you that's it too. So it's funny because the what I was kinda mentioning about just the chaos, the the riots, you know, all of the the terrorists and Chinese troops that you know, everything that's that are already inside of our border and just all this tension building. But the same thing is reflected in the in the markets and with the overall economy because you've got Trump coming out and saying, oh, you know, we're stopping inflation. And, you know, they're telling us, look at the stock market's at all times high all time high. But, you know, you you as you mentioned, you're talking to these business owners, and it's like, they're not seeing that.
• 7:04
  Like, most people I talk to, they're they're, like, they're struggling to pay for groceries. They're behind on their bills. Credit card usage is at all time high. Like, the amount of savings that American have Americans have is nearing all time lows. It just seems like there's just these two worlds happening, and there's there's reality.
• 7:21
  And reality isn't all negative, but, like, the actual truth of reality is that it seems like there's multiple ticking time bombs, yet the picture that we're being given is it's a beautiful sunny day. Here's your ice cream cone. Smile for the camera. It's just there's a lot of weird stuff going on.
• 7:40
  Speaker 2: One, it's so much a confidence game. Right? I mean, the stock market is like, if you look at the multiples and you look at most of the indexes, stock market is completely overvalued. It's it's it doesn't make sense at the prices. So but if you're someone that's wants to continue this growth and you wanna be in the store, obviously, you're gonna paint the best picture you possibly can.
• 8:02
  And we've seen it in many different markets. We've seen it in real estate. You saw it in, you know, 02/2009 where they tried to continue to make it seem like it's a great thing. I think today, there's a lot of that where they're trying to make things seem a little bit better. Obviously, they're trying to paint a really rosy picture because, you know, if if there's just less and less confidence, that's when people sell.
• 8:23
  That's when they sell their stocks. That's what they sell. I mean, they're trying to sell their homes. I mean, the amount of homes right now that on the market, the amount of sellers relative to buyers is a number that we've never seen in history. We've never seen this.
• 8:36
  So but if you're on the side where you need to profit on, you know, keeping the game going, the shell game going, you're obviously gonna continue this this story. So but, you know, you see the guys, Ray Dalio, and all these guys really talking about what's in the math. They're looking at the actual fundamentals, and then I think that's what we're gonna talk about today. What are the actual fundamentals, of what's happening in the economy? And that's really what I look at, and and I think the fundamentals are showing a much different story.
• 9:05
  Speaker 1: Oh, absolutely. Well, so I've got two quick videos I wanna play. One is, Jamie Dimon. Obviously, you know, he's the he's the CEO of Chase. Right?
• 9:13
  That's his he's probably, you know, maybe he's chairman. I'm not sure, but CEO of Chase. So here's him. This is about a week and a half ago, but, you know, twenty two seconds. But I'll I'll play this twice because this is really important.
• 9:25
  When you have Jamie Dimon coming out and talking like this about the bond market, it's very, very significant. I'll play this real quick.
• 9:31
  Speaker 3: You are going to see a crack in the bond market. Okay? It is going to happen. And I tell this to my regulators, some of who are in this room, I'm telling you what's gonna happen and you're gonna panic. I'm not gonna panic.
• 9:44
  We'll be fine. We'll probably make more money and then some of my friends will tell me that we're that we cause we like crises because it's good for JPMorgan Chase. No. You are going to see a crack in the bond market.
• 9:56
  Speaker 2: Okay? Yeah. I mean, in essence, what he's saying is, like, there's an opportunity here. He's saying that bonds are still have more room to go up in terms of there's gonna be less buyers. Right?
• 10:09
  I mean, that's that's in essence what he's saying. We saw this a few weeks ago when the treasury came out and tried to sell a lot of bonds, and they couldn't. And then the Fed came in and bought those bonds. So he he's basically saying based on he's just looking at the data. Right?
• 10:24
  He's just looking at the data saying the bond market's gonna have problems. The only reason the bond market has problems is because there's no buyers. That's the only reason there could be a crack. He doesn't wanna say it directly because he doesn't wanna create panic, but that is what he's saying. He's saying that there's gonna be not enough buyers.
• 10:43
  We obviously need buyers of our debt to keep everything going, and he's saying that the buyers are gonna dry up. And that's why there's gonna be some panic out there, and and people are gonna get hurt. But he said it. We're gonna make money. And it's interesting coming from a bank, You know?
• 11:01
  I wonder you know, the Basel three laws are coming into effect in a few weeks here. Right? They're gonna have to buy more gold, physical gold. So, you know, they're probably just gonna move away from bonds for a while and let rates go up, and then they'll buy bonds at at, you know, a higher rate. So it sounds like to me they're not buyers of bonds at this point.
• 11:20
  They're gonna let things kind of they're gonna let the market correct itself a little bit, and they're gonna wait for opportunities. And that's quite scary if you think about it. I mean, treasuries are in the high fours. The fact that he thinks that there's gonna be a crack means that things are gonna go higher, which means there's just not enough confidence in our dollar. There's not enough confidence in our markets right now, and there's a real concern about our debt.
• 11:44
  And so people are waiting for things to to shake out a little bit.
• 11:48
  Speaker 1: Exactly. I'll play the second video. This is, Ray Dalio talking. It's a minute thirty six. You know, kind of highlighting some of the similar things.
• 11:57
  Let's listen to this really quickly.
• 11:59
  Speaker 4: Watch the bond market. The bond market is the basis. It's the backbone of all markets. It is the risk free, meaning default free, probably default free, interest rate that determines what all asset returns are going to be. And when there is a breakdown of the supply demand picture for the bond market, you see a certain type of market action.
• 12:36
  You see long rates rising relative to short rates. You see the currency go down. You see gold go up because there's a movement out of that bond market because there's a supply and demand imbalance. When that happens, that raises interest rates, and it puts the Federal Reserve and other central banks in a bind. That supply demand imbalance in order to deal with that when there's not enough demand, they're torn between allowing interest rates to rise and have the negative effect that that has on markets and the economy, or coming in and printing money essentially, and buying bonds in order to, provide the demand for those bonds that aren't there, and that produces inflationary pressures.
• 13:36
  Speaker 1: So if okay. A few different questions for you. So if Ray Dalio is saying that the bond market is the backbone. Right? It's the foundation of the markets, and Jamie Dimon is saying there's gonna be a crack in this market.
• 13:50
  And what we're seeing is that less, you know, countries and banks are buying bonds. They're actually buying more precious metals, which seems to signify a larger shift in a move away from the US dollar as the global reserve currency and a move towards precious metals, specifically gold, especially when you tie in Basel three. Is is that what you're seeing? And can you also just explain a little bit, like, about extrapolate on why the bond market is so important and what this what like, what the bigger picture of this means for us?
• 14:22
  Speaker 2: Yeah. Well, I I think I always look at history, and I and I look at history in terms of timelines. And I I think that let's just look back five years from now. And the ten year treasury was probably trading in the 2% range and low twos. And people bought that debt.
• 14:42
  People bought that 2%. That was sort of a healthy environment. Now if you think about it to today, if people bought it at 2%, they and they were buying it. And now the fact that no one will buy it in the high fours, what does that say about our economy? It says our economy, there's there's gonna be, a, there's gonna be a lot of opportunities out there.
• 15:07
  Right? Because if people are buying debt at 2% and okay with that return, now the fact that they won't buy it in the high fours, what does that say? It says that either a, like, they're worried about the stock market. There's gonna be opportunities there. There there's gonna be a pullback.
• 15:23
  People want liquidity. I think that's the thing that people don't realize is that, like
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• 16:48
  Speaker 2: In theory, like a high 4% return, if you went if you took out the last two to three years, you went back twenty years, anybody out there would have bought that debt. They would have bought it at high fours. But now they don't because you want liquidity. You you don't want you don't wanna have your money tied up because there's gonna be massive opportunities. That's the only reason the big money in the world doesn't buy it is because they're they believe that there's gonna be a sell off in real estate, and there's gonna be a sell off in the equity market because you want your cash.
• 17:18
  If you buy that 4% note and you're locked in for ten years, you have no access to that capital. And so that's the reason that all the money's on the sidelines. They're like, why why would I jump in right now? It's like for you, Seth. If you go let's say your house is $500,000, and you know that there's gonna be a big correction, and then you could buy your neighbor's house and rent it out, and it's gonna drop 30%.
• 17:43
  You could buy that same house for $350,000. And I and I think we're gonna see some corrections like that. I think the market is every list price for real estate is all wrong. No one's selling at those prices. Nobody could afford it.
• 17:58
  So if you knew you could buy the house across the street as a rental property at 35% lower, are you gonna put your money in a ten year treasury and make 4.8%?
• 18:10
  Speaker 1: No. No way.
• 18:12
  Speaker 2: Right? I mean, that's and so that's what the smart money is doing. And that's why when I talk to people today, like, having liquidity available and and gold and silver and platinum, these are liquid assets. You're not stuck. So I I think that that's what the market is saying is that they wanna see more corrections.
• 18:34
  They wanna see more pullbacks. They're waiting for the stock. And I listen. I'm investing in the stock market too, but, you know, I know there's gonna be a big correction, and I know I'm gonna wait. And I don't know if it's gonna take six months or twelve months or eighteen.
• 18:45
  I don't know what's gonna happen, but there's gonna be a pullback. It it's gonna happen. Things aren't gonna continue the way that they are. So the markets, the smart money is saying there's still more pain coming. There's still gonna be more opportunities.
• 18:59
  That's what Ray Dalio is saying. He's saying gold and silver are gonna go up because if you think about it from a central bank point of view, like, they can park the money there for a while and just wait. If you see it from an institutional bank point of view, like, they can just buy gold and just wait and just just ride things out. And and I think that there's an opportunity to be really patient right now because there will be opportunities in those sectors. And that's that's why Jamie Dimon said, like, we're gonna make more money.
• 19:27
  Right? He's just saying, I'm not gonna buy it. I'm gonna I'm gonna move into things and make more money. Now he he has to buy something. So they are gonna buy gold.
• 19:34
  I can promise you that. China is buying more gold. They they're trying to underreport how much gold they're buying. They're buying tremendous amounts of gold. So they are buying something, but they're just not gonna buy the traditional real estate and equities, and they're gonna stay out of the bond market.
• 19:48
  It's just it's just not the right time for them. Even at rates in the bond market that seem to someone that, like, maybe hasn't looked at it too closely, it seems quite attractive. But you know, Seth, like, it's all about when you buy something. Right? The buy is the key.
• 20:05
  And they're basically these big two massive investors are saying it's not the time to buy those assets.
• 20:12
  Speaker 1: So you made an interesting point there. And and and one aspect of this is numbers don't lie. And Right. Like, watch what they do, not what they say. So when you when you mention how they they're they're kinda building these large liquid positions.
• 20:29
  Right? Large cash positions. Like, I I did a quick check. So, you know, Berkshire Hathaway is currently holding a record high amount of cash around $347,000,000,000. Right?
• 20:42
  So they're at a record high. One of the most important investment firms in the world, they're at a record high for cash. Right? So they're not taking that money and investing it in things. They're waiting.
• 20:54
  Right? It it's kinda the same thing as me having a bunch of, you know, seeds stored away for, you know, or or food in five gallon buckets. It's like, I'm just waiting. And when when the time is right, that stuff will be worth his weight in gold. And so so you think that, like, Warren Buffett, Jamie Dimon, Ray Dalio, what they're all telling us is the same thing, is that the blood will there there will be blood in the streets in the financial markets.
• 21:18
  But they're they're waiting until because that's when they're gonna strike. So whereas Jim Kramer is probably telling the average person or your your, you know, your TD investment adviser is saying, oh, we should put money into the magnificent seven. We should, you know, put some money into the bonds and this. The real people are contracting from the markets, building up cash positions. So that way, when the market's correct, which it seems like they're all indicating that that's gonna happen in a very big way, they've got that huge cash position to come in and double, triple, quadruple their money.
• 21:52
  Speaker 2: Your your most stock people today, most advisers don't make any money if you sit in cash. They only make money when you're in the market. So they have an inherent goal to keep you in the market. Right? We talked about a lot of this is like stockbrokers thirty five, forty years ago would make money when you bought a stock and that stock made money.
• 22:13
  They don't it's not like that today. They get a management fee. But that management fee is only gonna get paid to them if you're in the mutual funds or the stocks or whatever they recommend. So they inherently want you to stick into that and stay the course Even though the data shows that there could be a massive correction. For them, like, it doesn't matter.
• 22:37
  They every month, they're getting a fee. They're getting a fee. They're getting a fee. They don't have even though, like, in the big picture, if they're really smart, they would tell you to go into cash or go into gold or go into silver or go into platinum because you're gonna make more money. Ultimately, every financial adviser, the more money you make over the long term, they're gonna make more money too because they get a percentage of that.
• 22:58
  But they they're just not willing to change course and say, hey. Maybe it's a time to take some chips off the table because they know that maybe they could lose it or they maybe they lose you as a client. But at the end of the day, I think what what what these investors are saying is that there's this is a wait opportunity for the equity markets. And so if if you're really smart and you're really reading things, you're not gonna keep, you know, a lot of the the money that you have liquid that you can sell and move out of that you're gonna move into into a cash position or a gold position because, you know, there's gonna be a bigger opportunity down the road. And I and I believe that that's true.
• 23:39
  And I believe that's what these big investors are saying. I mean, you know, think about Warren Buffett. He doesn't need money. The only thing he lives by is wins. That's the only thing that gets Warren Buffett excited is wins.
• 23:51
  And for him, the wins in the stock market are not there, so he's sitting in cash.
• 23:56
  Speaker 1: It it's interesting just kinda thinking because I pulled up the stock price earlier. Is it, what, you know, 43,000 like that for, you know, the Dow Jones? It's almost like one perspective is that now is the perfect time to pull out of that. It's like, okay. You're you're sitting at an all time high.
• 24:11
  It's like, great. Time to pull your money and follow what they're doing. Don't don't, like, keep your money in there thinking, well, maybe it's gonna go 5% more the next month. Like as long as it it's it's just it's risky as as as long as it keeps going. It's riskier and riskier.
• 24:26
  Speaker 2: Yeah. I I think, yeah, I think it's right. And and and also, if we are correct and we see a 20 or 25% pullback, how long does it take to for those things to recover? That's that's the thing that's really tough. And so yeah.
• 24:40
  I mean, I think it's, you know, I think it's interesting, you know, and I and I think you're seeing some of these industrial metals really start to take off. I mean, I think that's the story of today, of this year is, you know, our friend Silver and our friend Platinum are really starting to perform. Right? I mean, they're they're they're the talk of the town is is silver. Silver broke 36.
• 25:05
  We were talking about you and I are big silver buffs. You know, silver broke 36. Look at silver, up 43% over the last year.
• 25:15
  Speaker 1: Yeah. It's crazy.
• 25:15
  Speaker 2: Two 22%. So, basically, since the beginning of the year, silver's up 22%. And, you know, this was the thing. It was that gold to silver ratio didn't make sense. Right?
• 25:26
  We were above a 100 to one gold to silver ratio before the last three months, and it doesn't make sense that it's it's at that ratio. It doesn't make sense. Like, every time it's been above a 100 to one, it's always gone below. Maybe it takes a few weeks, a month or two, but it doesn't stick at a 100 to one. So yeah.
• 25:47
  So you have silver just really taking off. You have a a 9% surge just over the last few weeks, and we're seeing massive amounts of inflows in the in the ETF market. You know, we're talking about 460,000,000 in the ETF market is just an unbelievable amount of silver.
• 26:09
  Speaker 1: So explain what that means.
• 26:11
  Speaker 2: Yeah. It basically means is that on the the the stock market version of silver or the ETF. It's just like an exchange traded fund is just like another way to buy silver. It's not you're not buying the real thing. You're just buying a a derivative of the real thing.
• 26:28
  Speaker 1: As it relates to to the ratios, this is what I want you to talk about really quickly. So you mentioned that right now we're at we were at a 100 to one, and now we're it's closing the gap. Right? Where so what is it? Around 75 to 80 to one, or where where are the ratios at right now?
• 26:43
  Speaker 2: We're about 90 to one right now. I I and I talk about this in my book. And, actually, I will say it's it's sort of wild because we talked about silver price, and I was predicting this 36 price. We started talking about this in in December of last year, and and everyone's been joking with me about silver because I wrote the book about silver, and gold's going crazy. And then what what happened to silver?
• 27:09
  Like, what what did you do? And I and I just said, like, silver sometimes moves a little slower. It just doesn't you know, we we saw it in 2009 and 02/2011. It really went nuclear because they did quantitative easing at that point right after the, you know, the historic credit crunch and, you know, the banks were going out of business and all that bad debt that were out there and everybody remembers. And I said, they're gonna do quantitative easing again.
• 27:42
  They're gonna have to because nobody's gonna buy our bonds, which is what we were talking about earlier, and they're gonna have to stimulate the economy somehow. And as much as president Trump is talking about lowering rates, I don't think in this environment, even if he pushes on the Fed, it's gonna be that easy to get rates down. At the end of the day, it's all about the ten year. The ten year people have to trust. The way our thirty year mortgage is is it's tied to the ten year treasury.
• 28:12
  If people don't buy our ten year treasury, which we talked about earlier, they're not buying. There's a crack in the armor. It doesn't matter if he pushes the Fed. So the only other way that you can stimulate from the Fed's point of view is is doing, like, a quantitative easing. And I've I've I believe that they are gonna do it.
• 28:31
  I think they're already secretly doing it. And so and it and it shows. The Fed stopped buying tremendous amount of bonds for the last few years, and now they're gonna have to start to buy in. So I I think silver story is really starting to unfold right now. And I think what's gonna happen is is you're gonna see them the big companies buy ETFs of silver, and then they're not gonna feel comfortable with ETFs because they did the same thing with gold, and then they wanted to get physical possession.
• 28:59
  So when you have that that second call, when you have a huge company come in and go, okay. We have this ETF, but we actually want the contract. We want the silver. That sends another message to the market that, hey. Like, we don't trust this contract.
• 29:13
  And that's what happened with gold. So I think history will repeat itself with silver. They'll try to call in these contracts. They're gonna realize that they don't have as much silver as they say that they do, and then that's gonna start a second second wave of buying because it creates panic. That's what happened in the London bullion exchange.
• 29:32
  Right? Like, once they said, hey. I want that gold contract, and they realized they didn't have enough gold. They the the the traders were like, wait a minute. Maybe there's not enough gold there.
• 29:41
  Maybe the and they then they really started to panic, and you saw this massive run. I think history will repeat itself with silver. So I think you have that one isolated incident that'll happen. I think the other thing that you look at with silver is just the amount of industrial uses of silver just continues to skyrocket. Like, we've we've shown it.
• 30:01
  You know, I talk about it a lot in my book. Silver is a new oil. I give you all the reasons why I think silver is gonna go crazy. And then I really dive into, like, some specific scenarios where silver could go hyperbolic. And so I think this year, we will see if gold even if gold doesn't move up $1, I think silver gets down to, like, a 70 or 72 to 1 ratio with gold.
• 30:26
  And I and that number looks like 46 and some change per ounce silver. And I think what'll also happen is I think with that kind of move, you're gonna see a shortage of actual silver product. And so I think the nice thing about owning it in the physical too is, like, you'll get a premium. Let's say you wait and it hits $46. I think the coins and the bars and everything will get really expensive because there'll just be this massive rush.
• 30:57
  So I think it'll be a double win for investors because they'll get the just the actual growth, and then they'll get the percentage above the spot price where, like I mean, I don't know if it'll go to COVID levels, but, I mean, you remember with COVID, like, eagles were trading at, like, $9 over the spot price. So if that happened again, you have silver at $46, and let's say the cost on a silver eagle is $54, it's like a double win. Right? I don't think it'll go that crazy, but I think that you will see a premium in the products with that kind of massive run up. Because you're talking about for it to go from 36, you know, 45 today, go up $10 in the next six months is which is what I think will happen.
• 31:39
  I mean, that's a massive surge. And I think the the men's won't be able to keep up. The demand won't be able to key and I think it'll it'll create this kind of hysteria in the silver market. So it's a you know, you're looking at a 36% increase, if I'm right, plus I think that the the product price will actually go up even further.
• 31:58
  Speaker 1: And so between gold and silver and platinum, those are the three metals that I own. I've got some copper and some, you know, things like that. They're just Yeah. Kinda small things. But, I've personally probably focused.
• 32:12
  I've I've probably focused more on gold, say, the first part of the year, just seeing everything was happening with gold, but I'm back to focusing more on silver. And silver has been really my main focus the past couple of years anyway, just because I just see that those ratios tell me it's like, oh, if it's a 100 to one, you know, meaning if gold's at 3,000, silver's at thirty, hundred to one. If it goes up, if it drops in that ratio, it's like there's so much room for silver. But for someone that is not sure about which metal to kinda allocate into and someone say is is talking to and say, Colin, what should I be focusing, you know, buying? Silver or gold or platinum?
• 32:48
  How would you how would you recommend people to allocate?
• 32:51
  Speaker 2: If you never have or acquired any gold, you should always have gold. I I don't think there's any scenario that you don't have gold. You have to have some gold. It's the, you know, it's the monetary metal that everybody owns. So you gotta have some gold.
• 33:05
  But if you're just looking straight short term profit potential, I think silver has got the biggest upside right now. The demand has been really high with us over the last sixty days. Obviously, I see the ETF market really taking off. And then if we see that quantitative easing scenario happen, I mean, even if silver goes to 46 like I'm predicting, it's still below its all time high of 50. So it it's it's not an unreasonable number for it to go to.
• 33:37
  Also, the other scenario too is we saw a lot of this, you know, with with GameStop and these short sellers. You see a lot of these guys that will jump and they they did it with silver too, is they'll jump into the silver market, and you'll see a really big push over a short period of time. And I remember the GameStop buyers focus their attention on silver, and they wanted to squeeze out a lot of these hedge funds and really kinda screw them over. And I saw silver go up, you know, almost $3 over a weekend. So you can see that kind of push happen in the silver market.
• 34:09
  So I I expect something to happen. It's not that I don't think gold will continue to go up. I do. But I think short term, it's really interesting. And then platinum has been actually quite interesting this year.
• 34:18
  Platinum, you know, everyone's scratching their head about platinum, you know, sitting below sitting at $950 for, know, a long time. It used to be more expensive than gold from when I started in the business. And then platinum this year has finally started to take off. I mean, and platinum is the most rare out of all three of those metals. It's, you know, it's it's you know, if you look at, you know, the analogy is if you look at an Olympic sized swimming pool, so you have gold in two and a half Olympic sized swimming pools, you know, the amount of gold above ground.
• 34:56
  Platinum in that same scenario would be so little that it would basically just cover your feet in the Olympic size swimming pools. That's how little platinum there is above ground. So, yeah, so you're looking at, you know, platinum really up, you know, this year. Yeah. About 20% this year, really starting to move up.
• 35:16
  And, you know, it makes sense. I mean, it's it's a hard metal to find. It's it's used in catalytic converters and and a bunch of other things. And I and I think the jewelry demand is gonna push platinum even higher because it's not gonna at some point, you know, I have a lot of friends that are jewelers, and they're like, the demand for gold jewelry is is starting to slow down a little bit just because of the price. But platinum is an equally good metal in many of those scenarios.
• 35:44
  For rings, for earrings, for I mean, platinum is a good replacement. So if you're just It's actually
• 35:50
  Speaker 1: it's better in many ways. Because I I used to be a jeweler, and platinum, it's it's harder. Right? So, like, platinum lasts longer. You know, gold is is very soft.
• 35:58
  You see it to bring you have you know, do a bunch of alloy mixes. And but, yeah, platinum was always the, like, like, the the the premium metal. Because I remember back gosh. I forget how long ago it was. I remember when platinum was, like, almost $2,000 an ounce, maybe ten year.
• 36:12
  I forget actually, I'll look on the the five year. Actually, it's been quite some time since it was up that high. Yes. Looking
• 36:19
  Speaker 2: at this When I started in the business sixteen years ago, it was it was more expensive than gold, and it was more expensive than gold for for years. And then I think it started to break in, like, 2011 or 02/2012. I think gold started to to outperform it. But but I think the big picture is is these these industrial metals, silver and platinum, are starting to catch up a little bit, and and gold went on its run. So I really like these two metals.
• 36:49
  I would say it's a it should be probably a smaller amount of your portfolio in the in the platinum. But, I mean, listen. If platinum does what palladium does, remember, palladium went on a massive run and broke over $4,000 an ounce because they started to use it more in catalytic converters. It became a really desirable metal. So there's these, you know, these things that are happening, these undercurrent, these other metals that people aren't really I mean, people most people today aren't even really would never even talk about platinum, probably wouldn't even talk about silver.
• 37:18
  But at the end of the day, it's all about percentage growth. Right? As much as gold feels like you gotta have some gold and I recommend it, if if you can if things are right, we go through quantitative easing and silver goes up $10 from where it is today and and gold goes up even gold goes up 5 or 10% more this year, like, you're gonna do better. 36 to 46, the math is just there. So I I I like the opportunity, and and I also think people are late to the story.
• 37:47
  Like, I think silver's moved kinda quick, and no one's really talking about it yet. But they are gonna talk I think by the end of the summer, they are gonna be talking about silver. It'll be in the zeitgeist of the stock because I think it breaks 40, by the end of the summer, and then it's really because that that kind of growth is gonna get into it. And then once it breaks 40, you'll see it all over the news, and then you'll just see a trigger. So much of what we discussed earlier, so much of it is confidence.
• 38:14
  Right? And people going, wow. I missed out. I gotta get silver. And I think that last push from 40 to 46 will push it through the through the last quarter of this year.
• 38:25
  And that's you know, it's not unusual for that to happen. I've seen it happen many times in in my career, and so I think I just think it's a great medal. So people wanna learn about silver. They can buy my book. It's on Amazon or you can call us.
• 38:40
  And then we also have a, we have a 15 page shorter version of a platinum guide that we took information from the platinum world council and, like, really just can put it into, like, a concise way. So if you're interested, we obviously have gold guides. We have a ton of good information. So if anybody wants that information from us, they wanna get access to the book, give us a call and, you know, we can give you a a code for Amazon so you can get a discount on the book, or you can just go to Amazon and buy the book. And I was looking at my book on Amazon in the quantity section, Seth, and it's it's funny because, you know, gold was like all the books in the top 100 are just talk about basically gold, crypto, and other trading things.
• 39:26
  I'm the only silver book in there. And I was like, it was going slow earlier in this year. In the last, like, two weeks, I think people see the price of silver, and it's starting to pick up a little bit. So I find it kind of interesting, and it'll be interesting what happens over the summer, if if, people start to catch, like, the silver train. But I'm really the only book in that top 100 that's, like, really just focused on silver.
• 39:50
  Speaker 1: And so if, I'll pull up the the website. So we go to websitegoldwithseth.com. If, people have questions I I mean, let's just say if someone wants to say they're watching and then they say, okay. Yeah. You're right, Seth.
• 40:04
  Stock market is all time high. Now is the time to kinda pull that out and shift it. How easy do you make it if someone wants to move money over from either, say, like, stock or a trade account or an IRA or four zero one k? Is that all pretty seamless? Like, you you handle a lot of legwork with that?
• 40:20
  Speaker 2: I mean, we do all the legwork. We we have you'll have a representative that'll be your person that'll walk you through it. Plus, have the IRA team behind that person. So we basically you'll have a few people that are helping you with the paperwork. Everything's streamlined through DocuSign now.
• 40:34
  Like, you can make it you could you could have it all done. You could have the paperwork done in five minutes, and then we will go to work and set up your account with the custodian if you're doing an IRA. If you're doing a wire and you just wanna get metals shipped, I mean, you can have that. That could be done in ten minutes, and you could have metals in a week. We're shipping in a week right now, which we're really proud of.
• 40:56
  And and, you know, we could store it for you if you wanna have stores. So I think all of it is really, really easy and smooth. And and I think that the keep in mind is, like, with us, first of all, check out our reviews and, you know, make sure that that we're the company you wanna go with. But I think if you call somebody and you build a relationship, that's really important in our space because as the market starts to move up, you're gonna wanna have somebody to call. Right?
• 41:21
  You're gonna wanna have somebody to have to talk to about these things. What we found is, you know, doing our research in the precious metal space is like, everybody sounds good upfront. And then what happens in a year or what happens in two years or three year? Like, are they gonna pick up your call? A lot of our competitors, the salesperson, like, they just do the sale.
• 41:41
  They won't take your call ever again. We build relationships. My sales team is is built in a different way and that they they're gonna stay with you for the life of your account. So you're gonna call back. You're gonna talk to that person again.
• 41:53
  And that's really important for me that you have that consistency when you're dealing with somebody. And so I I think it's important to know that this is a big, you know, opportunity that we're presenting, but also, like, the relationships we build are really important to us, and we don't take it lightly. And we will take whatever amount if you decide to invest with us. We're gonna take it very serious. I take it very serious.
• 42:17
  So we will take care of you. It'll be a good environment. You'll be happy. And, you know, I think our track record proves, you know, ten years in business, you know, thousands of positive reviews. You know, we treat people like how we wanna be treated, when you're going through this this, journey with us.
• 42:37
  Speaker 1: Which is important, because it's not an easy space to navigate. So Yeah. I'll pull up the website one last time. So it's gold with seth.com. They can fill out the form on there, or the phone number is (626) 654-1906.
• 42:53
  You guys are you're fast. You're shipping is fast, everything. And, yeah, I mean, I I would look at it's like, okay. Well, you know, who are you taking your stock advice from? The the the the TD advisor that gets a commission off of keeping you in stock?
• 43:06
  Or are you following, like, you know, Warren Buffett or the central banks or these people? And it's like, alright. Well, I'm I'm gonna, you know, you know, follow what they're doing, not what they're telling me to do. It's like going to a doctor. You know, doctors, they're gonna you know, most doctors, you know, they're on on the payroll of big pharma.
• 43:21
  They're not gonna say, hey. You know what? There's probably a weed growing in your backyard that you can make a tea out of that's gonna help this. Of course, they're not gonna say that. Right?
• 43:28
  Because Right. They're gonna, you know, write you a script, and they get, you know, one more bonus check for so, anyway, thanks, Colin. It's always great speaking with you. I hear nothing but positive things about your team, and and the feedback that we get from from what you guys do. And it's it's great to have you on board, and and thank you for for being part of what I'm doing too, because you've allowed me to to maintain my independence and to keep keep pressing the, you know, the gas on the the the gas pedal down.
• 43:53
  So thank you.
• 43:54
  Speaker 2: Thanks, Seth. Talk to you soon.
• 43:56
  Speaker 1: Thanks so Thanks, Colin. Here's the hard truth. Every six years, your dollar loses half its buying power. That means a $100,000 savings account today could feel like $50,000 by 2031. And you see it every time you fill up your tank, buy groceries, or pay the bills.
• 44:13
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