Latest / Man in America Podcast / Can Trump Avert Economic Disaster Amid a $35T Debt Crisis? w/ Collin Plume

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Can Trump Avert Economic Disaster Amid a $35T Debt Crisis? w/ Collin Plume · Man in America Podcast

• 0:13
  Seth Holehouse: Welcome to Man in America. I'm your host, Seth Hullhouse. So, obviously, some pretty significant changes are happening in the country. We've got Trump who's now officially the president, right, which is pretty big. And he, as you'd expect, is just sending out a flurry of executive orders.
• 0:32
  He's reworking the entire world order. He's putting half a trillion dollars in the data centers and AI, which raises some red flags for me, but that's not today's episode. The big you know, one of the big questions I have those, what's gonna happen to our economy? Because we're at record levels of debt. There are these discussions of, you know, getting rid of income tax, potentially getting rid of the IRS, which would be, please, please, let's make that happen.
• 0:57
  But also looking at, like, the the role of tariffs and what's gonna happen as, you know, Trump's financial plan, kind of unfolds because the reality is is, you know, he's stepped back into this country to very, very different place than what it was four years ago. Inflation's, you know, continuing to climb. The debt is obviously, you know, continuing to skyrocket. But at least we're sending all kinds of money to Ukraine to be kind of polished back and laundered back into the politicians' pockets, and at least we're still funding gender studies in Pakistan. Or, wait, maybe he cut that off.
• 1:28
  Actually, he did. Thank goodness. So there's a lot of questions I have, though, about what does the economy look like under Trump, and how can he possibly pull the country out of the massive debt that it's in without some sort of big default? And so joining us today is my good friend Colin Plume, the CEO of Noble Gold, who really understands these issues, understands real money versus fiat money, and so much more. So, folks, I hope you enjoy the interview with Colin Plum.
• 1:55
  Thank you very much. A future where every decision you make today creates a foundation of security for tomorrow. Right now, optimism fills the air. A new chapter under Trump is beginning, and opportunities seem endless. Markets are climbing.
• 2:11
  Spirits are high. But beneath the surface, whispers of change grow louder. Policies, tariffs, and global shifts are shaping a new economic landscape. The US dollar holds strong, but what happens when the world questions its place, which is already happening? What happens when nations turn away from the familiar and toward the uncertain?
• 2:31
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• 2:53
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• 3:13
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• 3:36
  Again, that's (626) 654-1906 or goldwithSeth.com. Mister Colin Plume, it's great to have you back on the show. First time this year, so I guess, you know, you know, kind of belated happy New Year. And, yeah, thank you for being here. There's a lot going on.
• 3:55
  Speaker 2: Yeah. Lot going on. Thank you so much. Excited to be here. And and I don't remember having a time where there were so many interesting economic pieces that are potentially gonna happen, so many new ideas.
• 4:14
  So it's been good for someone that's studying this every day. It's been exciting to really dive in and kind of try to forecast where things are going here in the future. So it's been exciting.
• 4:25
  Seth Holehouse: Yeah. And I almost feel as if the majority of the world's been holding their breath with everything, war, finance, you know, geopolitics, just to see, like, what's gonna happen. Right? Is is Trump gonna get in? Obviously, no.
• 4:41
  He he did. There you know, he was six the inauguration wasn't, you know, thwarted by some terrorist or
• 4:46
  Speaker 2: you know
• 4:46
  Seth Holehouse: what I mean? It it actually happened. And so here we are, and, you know, Trump is now president. Right? And he's he's blasting through executive orders.
• 4:53
  He's kind of rewriting the the books of how things are done. And, yeah, I think one of the big questions is what's gonna happen to the economy because it doesn't seem straightforward. Right? Because, you know, on one hand, you've got the BRICS nations. You've got the even today, him and, you know, you're tweeting about, you know, his you know, ending the Ukraine war and how if they don't end the Ukraine war, he's gonna start, like, heavily weaponizing financial instruments against Russia, you know, kinda boycotting Russian goods, you know, increasing tariffs, all those kinds of things.
• 5:26
  So there's there's there's for a lot of people, they're really kind of like, okay. What's happening now? How's it tied to the stock market? You know, Trump's a businessman, but he also has a country with massive, massive debt. It's like, could you give could you give Trump a hotel that's, you know, $30,000,000,000,000 in debt, and can you turn it around?
• 5:43
  I mean, I don't know. So I guess so what are what are your kind of what are you focusing on, and what do you see happening as all this unfolds?
• 5:54
  Speaker 2: Yeah. And and I and I think, you know, you've seen gold react over the last few days. We're we're getting close again to its all time high because there's been so much financial uncertainty in the markets. They you know, the markets don't like uncertainty. They want you know, they wanna know where things are going, and they've been dumping into safe havens.
• 6:17
  China has been buying a tremendous amount of gold. People always say like, what's China doing? And obviously it's big. If you look at Chinese citizens, you look at the country, they're buying a tremendous amount of gold. Even last year, I think we talked about this.
• 6:31
  Early last year, They tried to say that they weren't gonna buy any gold. They came out in March, and then by the third quarter, they were buying again. And then, you know, the fourth quarter, they bought again. And then, you know, in November of last year, the World Gold Council said that, you know, 43 tons of gold were purchased by, you know, central banks, Bank of Poland being the largest purchaser, but China was included there. So, you know, I think with the exciting news of a big change, financial markets typically are concerned about that.
• 7:00
  And I think that they want to get into things that are safer. You've seen even the bond market go ten year treasury continue to go up, you know, and that's for me, that's always a red flag. If the ten year treasury is in the fours, you know, what are they really saying about inflation? What are they really saying that the cost of money is? Like, what are dollar if they can pay 4.6% today, like, where is inflation?
• 7:27
  And and, you know, it's it's always been three to five basis points higher than what the treasury is putting out. You know, back a few years ago, pay 1.5%, and they said inflation was 2% to 2.5%. Now the government saying it's 2.8% or 2.9% inflation has been very sticky. It hasn't slowed down. So the bond market is reacting and basically saying we're not comfortable and we're, you know, these big funds, these funds all over the world are buying, you know, ten year treasury notes to protect themselves.
• 8:00
  So I I I think that there's some exciting news. Obviously, the talk of the tariffs for Mexico and Canada are coming up February 1. And what will that do? What what are the repercussions if those things do happen? And he's pushed very hard on a number of measures already the first few days in office.
• 8:20
  So is he gonna enact that that large tariff and and how that would react with the markets and just goods day to day? How would those things? You know, in Mexico, a lot of silver is produced and mined in Mexico. It's one of the largest producers in the whole world. Is the cost of silver gonna go up that 25% to get the actual mined silver here in The US for what we do, silver coins, bars, jewelry, industrial uses, I mean, all the millions of uses that silver has.
• 8:50
  So there's a lot of those questions of where the price of those things will go if we're gonna stick hard to this 25% tariff and how the market will react. I think Trump is different in Biden that he does his way of swaying things is economic coercion as opposed to actually, you know, actually fighting wars all over the world. So he tries to, you know, come hard with the, you know, tariffs and we're gonna do this and we're gonna bring Johnny does, and then he makes deals, which I think is the better way to do it. It it saves us money. But I'm I'm wondering if if February 1 is gonna be the number and then what the repercussions will be in the markets, how favorably or not favorably they'll react, if the cost of goods go up that pretty significant amount.
• 9:41
  Seth Holehouse: And so in terms of the tariffs, because he'll he's also he's announced the external revenue service. Now I'm I'm kind of, like, holding my breath hoping and hoping that the next announcement is the kind of slow dissolution of the internal revenue service. Like, I'd love to see, you know, the the the criminal organization that's just, you know, basically robbing us and sending our money over to Ukraine and into gender studies in Pakistan, all this kind of stuff. So I'd love to see that. But how do you so in terms of, like, the bigger picture economic policy because what I'm seeing and and we'll get into, like, the the jobs and and the doge and, you know, like, the the the stripping and, like, the absolute kind of cutting of all these government jobs and how it's gonna affect things.
• 10:20
  But looking at beyond this country, I I watched a a short speech, I think, from, Howard Lutnick, that was I think the morning of the inauguration, perhaps, but basically talk or maybe the day before, talking about how with this creation that there's gonna be, you know, kind of building up this system, which she calls it kinda pay to play. Right? So for for foreign companies, foreign countries, that they're gonna have to start paying to access the American market. Now what I know is that whether it's Mexico or, say, China, which is a big one, I know he he's, you know, he's he's he's leveraging a lot of these negotiations with China, is that if the cost of goods is now going up, say, 20%, like, if he's not getting rid of the, say, income tax. Right?
• 11:08
  So if they're not gonna offset that somehow because, you know, that was the way his discussion was earlier. Right? It was Right. Okay. We're gonna basically off we're gonna take the income tax we're making from the people and start, you know, moving those fees to foreign, you know, foreign countries and corporations and and kinda unburden people.
• 11:23
  So how how do you see that potentially changing the landscape escape of the economy here in America?
• 11:29
  Speaker 2: Yeah. Well, that's the whole thing is if if the tariffs happen and and we don't get rid of income tax, it's a double hit on the consumer because they're just going to pass the cost onto the consumer. And most studies out there are saying that's what's going to happen. You know, obviously, love the idea of not having an income tax and moving in that direction. But we do need to replace the government has things that it needs to run.
• 12:00
  It has basic services that it needs to run. It has, obviously, it has, you know, you have social security, you have health care costs, you have all the welfare programs, you have the military. So if we're that income has to come quickly because we're already in a massive deficit. So the idea that you're gonna cut income tax immediately, that's that's our one revenue driver right now. So it it is it's it's tricky.
• 12:30
  I I I don't I I it'll be interesting to see how they navigate these waters. And, also, can he get rid of income tax? I don't even know if legally he can or if he has to go to congress and and how that would that would play out. But I I I do think that the idea the thing about government jobs and cutting government jobs, big picture, is better if the jobs are not jobs that we need. If, you know, I was speaking to somebody that he knows somebody that works at NASA, and he went and they toured the NASA building last year.
• 13:01
  And he was showing me all he was showing all the desks of where people are, and nobody's at those desks. No one's there working every day. They're working from home or whatever they're doing. So many of those jobs can be cut, and I and I understand that. But, also, what immediately when you cut all of those jobs, they've talked about a massive severance.
• 13:19
  So there is a cost to that severance. Maybe you're already paying because they've been working, but there is a cost, then there's unemployment. And I think that what's gonna immediately happen is that if true numbers are going to come out, that means unemployment will go up, which will also send some shock waves through the stock market. I mean, part of the reason that the world feels confidence in us is some of the numbers that we've created that give people that confidence. There's this theory in money about the dollar and the milkshake theory that dollars will flow here because we're so strong.
• 13:55
  Basically our fiat money is less screwed up than your fiat money, right? That's sort of the theory behind it, right? That people will want to invest here because it's stronger. But if unemployment goes from below 4% to 5% or 6% or 7% and the GDP slows down because a lot of the GDP numbers that we report are based on our own government spending. They save almost 40%.
• 14:20
  Will we be viewed as strong in the world's eyes? So there is trickle effects to everything. At the end of the day, a business owner like Trump, the way that he's thinking is cut the fat, right? Cut the fat and spend money on things that will help grow the country. And that's the big theory behind enacting these tariffs is that China has been getting a free pass, so many business owners in this country have been getting a free pass by getting goods over there, having them shipped here, and really not paying much of anything do that and bypassing all the people that are working here in this country.
• 14:57
  So long term, it's a good strategy, but it will send shock waves. And our stock market is near an all time high. So how is the stock market going to react to the GDP going down and unemployment going up? These are the things that you have to if we're reporting the true numbers, right? And that's going to really be the question.
• 15:17
  How do we navigate those waters with these massive, you know, shifts that are going to happen? Also, the world is not happy with how we're dealing with these things. Are they going to not want to trade with us as much? Are they going to try to get away from the dollar more because we're enacting these measures that they feel are too extreme? Are they going to want to move away from our dollar?
• 15:39
  I mean, 1973, the greatest thing Nixon ever did was negotiate with Saudi Arabia and us, in essence, becoming the petrodollar. If they don't wanna do that deal with us anymore, the dollar's not the main currency of the world, we lose a massive amount of leverage. You know, the dollar's gonna lose all the leverage it currently has. So we do have to be careful about how these things come out, and we do need to continue to trade with all these countries. And so I do think these things will have negative effects in the short term on the stock market because if they're just looking at data, they're going to say that, wow, unemployment's going up, the GDP is slowing down, And and that that could be that could be negative for us in the short term.
• 16:22
  And, you know, ultimately, term, all these ideas are good. But in the short term, it could it could have a dramatic effect. And and and I don't see it in in any way slowing down our deficit in the in the short term either. You know, 36,000,000,000,000 in debt, 300,000 per person. So, you know, these measures will will be well, there's there's a lot of profit to be made with these measures, and and you have to forecast and think where what industries are gonna really profit from these new ideas in finance.
• 16:54
  And those are the things that you really have to you have to hang your hat on and ride home. And and I think gold and silver will do really well in that people are gonna be it's gonna be rocky. I think we have some stock market tribulation. I think we a pullback, and I think that that will create some opportunities in the commodities market. And I think most experts out there that are looking at this believe that also.
• 17:18
  The other thing too is that now analysts are saying that maybe they're going to raise interest rates. I don't know if you've seen that. No. But now you have traders out there that think because inflation hasn't cooled and Jerome Powell was, you know, coy about saying like, you know, we're gonna take take the temperature. But if interest rates if if the c CPI goes to 3%, how does he lower interest rates based on his 2% mandate?
• 17:48
  So there's a 25% market now that's created of these hedge funds that are protecting themselves. Right? And they're saying like, maybe he raises rates. And that would throw an unbelievable curveball into this whole story where people think money's gonna get cheaper and they're gonna have to open up the money supply. And I think that they need to, but what if he can't?
• 18:10
  What if rates go back up? I mean, how does that decimate the real estate market? If rates you know, if home mortgages get seven and a half, 8%, that market is gonna be in a lot of trouble. So these these are the things that I look at, and and I'm sort of interested to see what's gonna happen. But this you know, February 1 is right around the corner, so we'll see what what what's really gonna happen here if he's gonna be able to do it and and, pass these measures that he's been talking about.
• 18:37
  Seth Holehouse: Well, there's also just the whole thing of like, what I'm seeing okay. With the announcements, you know, they just had with the SoftBank CEO investing, you know, over, you know, already, I think, hundred billion dollars into this AI infrastructure and then getting to, you know, $500,000,000,000 infrastructure and him talking about creating I think it was a hundred thousand jobs that you obviously having some offset of you know, we've got Elon and the Doge going in and cleaning out a lot of federal workers. I mean, even these federal workers that have gotten used to working at home for the past three years, they're now saying, okay. You must come into office now. Like, I know my mom is you know, I talked to her about this before.
• 19:13
  She works for a a company that does a lot of, government contracts. Right? You know, engineering and and whatnot. And she's you know, since by 2021, she's worked from home. Now she's at retirement age, but she's told me she's like, yeah.
• 19:25
  You know, if if they want me to go back in the office, I'm just gonna quit. She's like, I'm not gonna change. You know? And she's at a place where she could, but it makes me wonder between forcing to go back in the office, but also just cleaning out, putting on hiring freezes, all this. Like, what happens when we see a a these jobs basically empty out at the federal level and move in the private sector?
• 19:46
  Speaker 2: Yeah. I and I as a business owner, I own a number of businesses, and and I can tell you that there's other ways to make sure people are working without having them in the office. And I, and I, you know, someone can zone out and do nothing at their desk in the office too. You know? So I, I, I get it.
• 20:05
  There's, there's some idea that they're in the office, there's some synergy there, but I don't think in terms of the way that the world is, I don't know if in every situation, a full time going back to the office is actually beneficial to the owner. Because I can tell you when we went a lot remote with a lot of our people, we still obviously have depositories and people have to go in, but some of the jobs are remote. People were more productive because they didn't have a commute. They didn't, like, sit around the water cooler. They, you know, they they just had food, so they would just go eat.
• 20:41
  You know? They didn't have to go out and get food. They save money. So I I I get it that there is and there's some people that I I require a few days a week to come in, and then there's some that don't. I think long term that there is benefits for some people working at home.
• 20:57
  I know this idea is like, wanna watch them and I wanna do this, but think that there's other and you could track people with AI too. You could see what they're doing on their computer too. And there's a cost to run an office. There's the cost to have the water and the food and the everything in the oven, the coffee, and all that stuff. So I think there's pros and cons to it.
• 21:16
  I I get the idea that they want people that are legitimately working, but I do think if everything's about AI and he had all those tech billionaires sitting behind him on the stage, like, can create some systems in place to make sure people are working, you know, from a different way. And and I also think some people will will take less money if they can work from home too. Right? They would they would because the convenience for them that they don't have to drive and get in the car, they gotta get dressed up. And so I I I see both sides of it.
• 21:42
  But I think the impact that we're seeing on the worker in today's environment is that they want different things. They're looking for different things from a company, from a relationship. And I and I think the theme of I need them working and I understand is obviously paramount. We can cut a lot of jobs and we will cut a lot of jobs. I'm also interested to see what's going to happen around Washington and Virginia and all these areas that have literally just been sucking money out of the government for the past few hundred years.
• 22:14
  There's so many millionaires. Like, know everybody talks about the coast, New York and California, there's a lot of wealth. If you look at government wealth that's been siphoned, it's all in those areas. All those areas have been siphoning so much money. It'll be interesting to see, and they're gonna fight this, all of these measures tooth and nail.
• 22:31
  They're not gonna wanna pass all of these things because their jobs and their livelihoods, you know, rely on overspending and government spending and consultants and lobbyists and all of these, you know, these are million dollar jobs and and 6 figure jobs that people are not gonna just give up easily. So, you know, I I think there's a lot of there's gonna be a lot of pushback on a lot of the measures that are coming out. And I and I think that, you know, keep an eye on inflation, keep an eye on this tariff talk. I mean, are things that day to day will affect everybody. They will affect these types of measures will affect and they could make things much more expensive.
• 23:13
  And then, you know, if things get more expensive, do people stop spending? You know, sort of could have the negative effect of what we really want. I mean, ultimately, said, like, we need people spending more. We need the economy growing. You know, the idea of getting rid of taxes is like you're giving people more money so they spend more, right?
• 23:29
  Like, that's how our economy grows. But if everything gets too expensive, then there's an issue there too. So it it'll be interesting to to see what happens, but the world is betting. You know, the the world is betting heavily on gold, and I just don't get silver still. I it's like, you know, I'm one of these silver bugs.
• 23:47
  It's like, everyone's like, why doesn't it hit 50? Why doesn't it hit 70? And I I say, you're right. I don't know why it hasn't hit those numbers yet, but I I don't know why it won't either. So I I feel strong about these investments, and, you know, I like silver.
• 24:00
  I think it's just undervalued. And that's why, you know, we didn't even talk about it, but my book, Silver's a New Oil here. I get into this in-depth. I talk about this in-depth of why I think in short, I think that silver is gonna go through a super cycle. I think that's really what's gonna happen.
• 24:16
  And I think the opportunity will be similar to what happened in the late eighteen hundreds with oil and that explosion. Even though silver's been around for a long time, people are not talking about it. People don't realize how many industries it affects. And if you look at the demand and you look at the shortage of ounces globally, it should just continue to go in that direction. And so I really dive into that, into my book, and and really kind of break down all the charts and the graphs.
• 24:45
  So for anyone that's interested, you know, it's on Amazon. Check it out or you can contact us and and we can get you a a way to get the book to you. But silver is the new oil is just came out a few weeks ago, so it's been pretty exciting. We hit number one on commodities, which is pretty exciting, and and, yeah, the the response has been great so far.
• 25:04
  Seth Holehouse: I've got the book, and I I was impressed with how many graphs and charts were in there because it wasn't just some dense, you know, kind of intellectual exercise. It was it was really based upon reality. But so that that's a good kind of you know, kind of segue, because I wanna talk about that because that's I've had these conversations also with, you know, my own self, you know, staring into the into the abyss of, like, why is silver stuck at, you know, $28 an ounce? Or, you know, when you look at everything else changing and, you know, different experts I've talked to, they've said silver should be a hundred bucks an ounce. It should be $600 an ounce.
• 25:35
  Like, you know, the get into, like, the way that silver is manipulated and how the banks hold the shorts on silver and that they're selling all the paper contracts, artificially flood, you know, the market with silver through paper contracts. So and, actually, why don't you what you understand a lot better than I do. Walk through really quickly. How is it that they've been able to keep silver, which is a commodity? Right?
• 25:56
  So, like, oil, like, you know, these things go up when there's more demand. So how is it that over such a long period of time, while everything else is going up, like, lumber's gone up 400%, like, everything else is going up, why is it silver is still like this? What what kind of, you know, magic are they doing here?
• 26:15
  Speaker 2: Well, it's a small market cap. And when you have a commodity that is in high demand that has a small market cap, there's a tremendous opportunity for hedge funds and short sellers and banks. If you go back the last thirty years, there's been so many lawsuits over JPMorgan after 2011. You know, they increased the amount that was required for for trading options on silver, and it just crashed the market. Right?
• 26:48
  And so they what they do is they it's one of those metals that they are easily able to make pretty significant spreads, and the spreads are pretty consistent. And and even though they got sued over it and and, you know, paid all these fines, at the end of the day, it doesn't really doesn't really matter. Still, the the profit and the risk is worth the the illegal trading. But, yeah, I mean, if you look at how many actual silver ounces there is and then you look at COMEX and how much they're holding, it doesn't equate. And if you look at the ETF market, I've seen reports people saying that it's like 70 to one.
• 27:22
  You know, 70 contracts are really one ounce. But you're not buying the real thing. You're just buying a company that says they have the real thing. And for me, it never really made sense unless I was day trading silver to own it that way because you can buy silver at such a reasonable price. I mean, we sell bars and coins at such reasonable prices, and then you never have to worry about do you actually own it or the ETF actually owns it.
• 27:48
  I mean, anyone that really knows it and and knows the markets, they always buy the real thing. And if they're day trading, they would day trade in the ETFs. But I think I think long term, will they be able to keep up this game of having these ratios of seventy, eighty to one? And if you truly run into a situation where they can't find it, then you're in a position where COMEX is in trouble. They're selling all these contracts.
• 28:13
  What are they gonna do? The price is significantly gonna go up. And I can tell you during COVID, I was competing. I think I told you, I mentioned this before, was I was competing with COMEX on buying thousand ounce silver bars. And I know what they were paying.
• 28:27
  They were paying a ridiculous price over because they couldn't get silver, yet they had sold all the contracts already. So when you're buying it on the stock exchange in 2020 and 02/2021, they did not have it in reserve because I was competing with them on those bars because there was there was a point where you couldn't get smaller pieces. So basically, what I did is I bought all the kilos silver that I could buy, and then I bought every thousand ounce silver bar, and And I was competing with them, and there was points where, like, the dealers that I was buying from, the wholesalers I was buying from would say, you're competing with COMEX. COMEX is trying to buy the same inventory from you, and they're gonna try to outbid you because, technically, they're a default. They don't actually own as much as their contracts show because silver, I think you remember, dropped down to like $13.75 and then it shot all the way up to $29 within six months.
• 29:19
  Well, they were selling contracts that whole time. And if you looked at the whole industry of the actual market, there was no silver. So I know that they sell it when they don't have it, and I know that they don't always have it in reserve the way that they should. That's scary because if they ran into a shortage and people said, well, I want my silver. I bought this ETF.
• 29:39
  I want they would never be able to deliver it to you. So that's another way to understand that, yes, there's a mark and there's a way to trade if you're a trader and you're looking for quick gains. But I think, ultimately, the safety play is to own the real thing. You're you're not gonna be as safe unless you have the real product. And so it all ultimately always comes back to that.
• 30:02
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• 31:21
  Speaker 2: We had a lot of clients call us after the fires actually that really, you know, wanted us to store metal because they realized, like, you know, maybe having gold and silver in my house wasn't the best thing. And some people, it is the best thing, but some people decided, yeah, maybe I should store it in insured Lloyd's of London Depository. I don't know if you saw there was a lady that had crypto in her house on a ledger, and her house burned, and it's gone. You know? So, you know, when you're dealing with these assets, you wanna make sure that they're, you know, secured in a safe way.
• 31:53
  So that's why we have, you know, private storage for clients, segregated storage for clients. But long story short, I I think silver is will will always be one of those metals that when it hits a hundred or a 50 or 200, everyone will say, oh, this, of course, it makes sense. It's using everything. You know, every EV, every I I go to the book, silver paste, medical devices, and all this AI technology. They have a silver component typically in a lot of the things that they're building out.
• 32:20
  So it's hard for me to believe that the price is gonna stay at $31 forever, but it can be in the short term, it can be manipulated. And I think that's what you've seen, Seth, a lot is like this short term manipulation where it runs up, you know, 40% and then some you know, the markets are able JP Morgan, these guys are able to create these margins, and then the price kinda pulls back. So, that that that will probably never go away.
• 32:45
  Seth Holehouse: And so getting into your book, is which I think is is very fascinating, and I'm I'm I'm very bullish on silver. It's, you know, like, I probably, you know, have silver, which is probably 80 to 80 to, you know, 20. Right? Silver to gold in terms of, you know, what I've, you know, set aside. But when you say silver is the new oil, and so if someone were to ask you and say, okay, Colin, you've you obviously believe this.
• 33:06
  You wrote a book on it. Right? How silver you know, like, your your belief and your bullish kind of perspective on silver. So if someone said, you know, what would you say if they said, hey. What are the what are the the big, say, three, four, five reasons why why silver, versus, you know, copper or any or, you know, the housing market or whatever it is.
• 33:28
  Why is it Sure. Why is it silver in the sea?
• 33:30
  Speaker 2: And and by the way, I'm a fan of copper too.
• 33:32
  Seth Holehouse: So I
• 33:33
  Speaker 2: I I I would say that copper is equally a metal that I'm interested in and and I own. Well, I I I think, first of all, just in terms of the world has become a place where people like the idea of having liquid wealth in their hands. And I think that the first thing about silver is that you can hold it and touch it and you own it. So I do like the idea of the portability of it and that you can own it by yourself. And I think that there's all these studies where people look at like four zero one ks's over twenty years, mutual funds over twenty years, and they see all these little fees and they don't realize 1% to 3% every year, whether the market goes up or down, you're getting charged.
• 34:12
  Whereas once you buy silver from us, you own it. There's none of that to think about. So you don't have this twenty five year fee. You know, 1% to 3% over twenty five years per year is a lot. It ends up being a lot of money.
• 34:25
  So I like the idea of that, a, is that you own an asset and that's just that's it. It's clear. And it's it's there's no debt behind it. There's no there's no creditor behind this. Like, you own it by yourself.
• 34:37
  So that would be the first reason that I really like it. Two, gold has gone on a massive run and I think will still go up. But if you look historically, gold to silver ratio is, I think, about 90 to one right now. So gold went on this massive run and silver really hasn't fallen suit yet. So I think there's a lot of room.
• 34:56
  The hundred year average gold to silver ratio is about 50 to one, which I talk about in the book. So 50 to one, if that was to even if gold didn't go up, silver would go up significantly for it is today. So I I I like that chart. I like that idea that that it could just gold could not move and and silver could could move up pretty significantly. And then I also just look at the idea of energy.
• 35:19
  Really, everybody knows that whoever controls energy sort of wins. That's who wins in the world. And that's what happened in the late 1800s when we found oil here, and colonel Drake was the first one to be able to figure out a way to pull oil out of the ground in a way that we could consume it and get it. And, you know, J. Paul Getty and all these, you know, wealthy families built their legacy on oil.
• 35:45
  And I so I thought that is does silver have that same opportunity today? Because it it is starting to if you look at the uses, it's starting to mirror a lot of the uses of oil. So is it I mean, look at just electric vehicles, for instance. I mean, that's straight direct. Right?
• 36:00
  They're they're using silver in the EV, and they're they're moving away from and I know they're moving back and oil cars are coming back, but long term, I think there's there's always gonna be a place for both. And so that that will help with the price, but that's one of the smallest uses. I mean, solar panels, I would say, would argue is one of the bigger uses, and that's energy. Right? Everybody wants the cost of their energy to not go up 5% to 15% per year like it has.
• 36:26
  So putting solar panels is a way to combat that, to combat that massive increase in cost. So everything is moving towards energy and how you protect yourself as a consumer, as a country. Like, how do you control these things? And you look at, Saudi Arabia and you look at China and all these essential metals that they're buying, they're really gobbling up all these essential metals because they know this is where things are going. This is how they protect themselves long term and grow.
• 36:55
  Yeah, of course, like we're buying goods from China and we're buying gadgets and widgets, and that's fine. And that economy will always be around. But the bigger picture is like, who controls energy? And so my thought with silver is that if we continue to move in this direction and silver plays a big part in the energy revolution and keeping energy at a reasonable cost for day to day living, then I think that there will will continue to be shortages. They'll continue to people will continue to mine it, need it.
• 37:24
  And and that doesn't you know, obviously, jewelry costs and all all the other things that, you know, people are buying with with silver. It's just a very conductive metal, and it's just using so much. And and I think big picture, until it's sitting at 2 or $300 an ounce, it's still gonna be a metal that is recycled, but not as much as you would think. Whereas gold in a cell phone, right, if there's gold in here, they're gonna pull it out. Or if there's some silver in here, it's like, what am I gonna get?
• 37:53
  Silver's at $30. It's not. So a lot of the silver that's out in the world that's being used in devices never gets recycled. And so that increases the shortage too. But yeah, I think the more I looked at it, I did want to put charts and graphs in there to give people a visual of, like, comparing the silver market to the gold market or silver to, you know, large tech stocks.
• 38:13
  I wanted people to visualize it like it's still a pretty small market. There's some big investors that could really gobble up that whole market if they really wanted to. And we've seen what has happened when you have large investors or institutions that are able to gobble up a market that can really dictate the price. That's what's happened with oil. Right?
• 38:30
  You have, you know, a number of countries that really control it, and and they've been able to manipulate the world with with oil prices because they control it. And I and I think someone could easily do that with silver over the next five to ten years. They could gobble up the majority of the market and make things much more difficult and much more expensive. So it's an exciting opportunity. I think if you dive into the book, I try to make it user friendly, not for minors, not for day traders.
• 38:58
  It's for regular people that just want to learn about something new. And so I made it as kinda user friendly as possible. But I think if you look at some of the stats that are in there, the potential over the next five, ten, fifteen years, it's actually quite astonishing the the the opportunity that it's available today.
• 39:17
  Seth Holehouse: And so one of your questions is more just a pragmatic question is because I've talked to my parents or, you know, friends about, say, four zero one k's, IRA's. I know that, you know, for a lot of people and this is how they've set it up. It's like, okay. Well, the government's gonna give you a bit of tax break here, and it it's good for you. But but if you pull it out too early, we're gonna get you.
• 39:36
  Right? So I know that there are you know, it's, you know, pretty common for people to take say, got a Vanguard IRA and, know, and say, okay. Hey. We're gonna take a hundred thousand of this. We're gonna move it into, you know, a vaulted, you know, storage of silver.
• 39:50
  But what does that process look like? Because, you know, I'm I'm I'm young. I don't have my IRA, and I never will because my IRA is something I could have buried in my backyard. Right? That's kind of
• 40:00
  Speaker 2: Right.
• 40:00
  Seth Holehouse: Like, I'm very old school like that. Like, I'm I'm I hate technology. I'm forced to use it for my job, but if I had it my way, we'd I'd living in, like, in the eighteen hundreds, you know, with, like, a horse and plow. Right? You know, about Carving
• 40:12
  Speaker 2: carving wood and and, like, yeah, like, killing your meat and everything. Yeah.
• 40:16
  Seth Holehouse: Exactly. I
• 40:17
  Speaker 2: yeah. Yeah. Yeah. I mean, the IRA is easy. We we made it easy.
• 40:21
  We have an IRA team that does all the paperwork, so we made it, you know, simple and and fast for people to roll over any kind of IRA. Old four zero one k, TSPs, any of those accounts, we do it all for you. And, yes, it is an IRA. It is a in a in a government vehicle that allows you to get tax benefits, but it's still the same product. You're still getting gold and silver.
• 40:43
  It's stored in a segregated account, and you could take it listen. You could take it at any time. Now you're right. The government will tax you before if you take it too early. But we have people right now that are taking their gold and silver.
• 40:55
  They're in retirement age, and they're taking the actual gold as their distribution, which is the nice thing is if you have a distribution every year that the government requires, then you can take it in the physical gold. You don't have to take it in dollars because a lot of people that call us, they say, well, if I take it in dollars, I'm taking a distribution in depreciating asset. Like, why can't I just take it in this? And then you can, you can absolutely do that. The other thing I would say just to go along with what we were talking about earlier is that if taxes are reduced, there will be, I believe, in a push for people to convert their traditional IRAs to Roth, pay the tax, which some people do, and buy gold and silver.
• 41:37
  Because if the tax burden is lower, it might make sense to do that. Then you could put it in the IRA and it can grow indefinitely without any taxes. So that's another thing that I think will happen. But ultimately, you're buying the same thing, it's all stored, it's all segregated. We handle all that for you.
• 41:58
  We've been doing it. I mean, we've done, you know, in eight years we've been in business, we've done over $2,000,000,000 in precious metal sales, gold and silver bullion. You know, the stuff that you buy, Seth, like not the fancy coins, like the real stuff, right? And that's really what we focus on is these bullion coins and bars because they get you the most value, the most bang for your buck, and they're liquid anywhere in the world. So if you had to go somewhere and get out for whatever reason, you can drop these in a bag.
• 42:26
  Like what I did with, you know, with the fires is that we were the next to evacuate. I dropped some of the gold and silver that I had at home, and I put it in a backpack and I was gone. Right? I could just move it anywhere. And, you know, it is a liquid asset and you can take it anywhere.
• 42:42
  But so you're getting the same thing. It's just you're in the IRA vehicle, so you get all the tax advantages. Do all that. You know, our custodian does all the tax reporting and all the easy stuff. And then you can call us forever.
• 42:53
  Anytime you got an IRA, we don't make any more money. You just call us. You have a question. We service your account forever so you can call us on anything that you need. So we really built it so that it's real gold and silver, but we're we're using the tax deferred vehicle that most people have.
• 43:11
  And and you're right. The the IRAs and four zero one k's, I mean, was all built for mutual funds, companies to make a lot of profit and for employers. Right? I mean, really, it's usually, employers do it because they get the most tax benefit from it. But, ultimately, a lot of people have it.
• 43:27
  They have all these accounts out there, and and I think having some in gold and silver as a diversification, could be really good, especially, you know, where we are with the markets right now. We're pretty pretty close to an all time high, so, people are are concerned about that.
• 43:41
  Seth Holehouse: Yeah. It's funny because of me too. Like and that's what when I look at when I look at the market's all time high, but I also look at debt all time high. I'm kinda scratching my head, and look. I'm not like an economics professor, but it's like, I wonder if all that money printing is actually going back into the stock market, and it's it's Sure.
• 43:58
  Actually kind of perpetuating this giant bubble, which I'm you know? And and we'll say that for the next episode because that's that's a whole other story of being being the the debt bubble now. That's a
• 44:06
  Speaker 2: lot to get into, but but we will unpack it.
• 44:08
  Seth Holehouse: It is. It is. So, Colin, as we wrap up, I will pull up our you know, we've got a page set up. So goldwithseth.com. There's you you have a free gold and silver investment guide here, or the phone number is (626) 654-1906.
• 44:24
  And, also, for folks that like the show Man in America, supporting Colin, if if you're considering buying gold and silver, working with Colin is one of the best ways that you can support me because Colin has been one of my sponsors since the nearly the very beginning, which has allowed me to stay, you know, independent and and talk about things that, you know, a lot of people don't want you talking about if you're on, you know, some of the bigger networks. So I I appreciate, Colin, what you've done. I also appreciate the folks that have chosen to work with you because it's another way of just, you know you know, kinda maintain the the relationship and and bring people good things. So aside from the website, the whichgoldwithseth.com, the phone number, any other kind of final thoughts as we close-up, Colin?
• 45:04
  Speaker 2: Yeah. I mean, I think it's, you know, we have some good promotions going on, so call and definitely ask, mention if you call the number. Yeah. Talk to here's what I would say. You can go to the website and get it inform but if you just call in, you wanna talk to somebody now, you could talk to a live person, and they can send you out free information.
• 45:21
  Build a relation we build relationships at Noble Gold. You're gonna get a a person that's your person. They're gonna answer all the questions. They know gold and silver. So I think the best thing to do is call so you can get your questions answered and really learn about it.
• 45:34
  And then just keep calling and asking questions and do your due diligence on us and do your due diligence on what the person you talked to, what they talked about. We really want you to be comfortable because we know it's a long term relationship that we're going to be together for a long time. We want you to feel good about this acquisition of metals. But I think that at the end of the day, it's an asset economy that we're coming into more than ever. And the more real assets you own, the better you're going be, the safer you're going to be.
• 45:59
  If you read our reviews, that's typically what people say. They feel better after they've bought some real assets. So as always, I thank you. Obviously, we support you as freedom of speech, and, you know, that's why we're on your shows. We we love what you're saying.
• 46:13
  And so keep it up, and and it's gonna be exciting gonna be exciting year.
• 46:18
  Seth Holehouse: It's gonna be a wild year. That's it. I I agree. Colin, thanks again, man. It's always great speaking with you.
• 46:25
  You know, take care, and I look forward to next time.
• 46:28
  Speaker 2: Thanks so much.
• 46:30
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• 46:48
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• 47:34
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