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ALERT: Gold Prices FLASH OMINOUS WARNING for the Dollar—Are You READY?? · Man in America Podcast

• 0:15
  Speaker 1: Welcome to man in America, a voice of reason in a world gone mad. I'm your host, Seth Holehouse. Right now, we're seeing record gold prices in almost a scary way. Like, it's it's for the people that own gold or own silver. It's exciting.
• 0:31
  You'd say, wow. The the price is going up. The price is going up. But what's happening beneath the surface, that's where the real story is. Because is the gold price just going up magically because everyone wants to buy gold now?
• 0:44
  That's part of it. I mean, we're seeing that central banks and sovereign banks and wealthy family offices have been buying gold hand over foot for the past couple of years, but there's a much more sinister underlying theme to what's going on here, and that's the dollar. So is the gold just going up, or is it that the dollar is quickly losing its value? And as I'll go over in my interview today with my good friend Colin Plume, it's actually a strong indicator that our financial system is teetering on the brink of a very significant change. And that the dollar, which has been for, you know, nearly a a century, right, a major, major player as a global reserve currency, this is coming to a conclusion.
• 1:27
  Right? It's there's some big things that are happening. And so the dollar, it's like, how long can it keep printing the dollar? What were we? Like, 36, 37,000,000,000,000?
• 1:36
  It could be a $100,000,000,000,000 in a couple of years for all we know. Right? So how long can they keep just printing and printing and printing and keep shoving liquidity into the markets and the stock markets at all times high, all time high? But what's the real result of this? And so that's what we're looking at today is what's really going on behind the scenes.
• 1:54
  Like, how is it that we have these job reports coming out that they've what what is it? Actually, I'll pull the article up real quick. Right? So that the the BLS, the, Bureau of Labor Statistics was, you know, coming out, that the the annual hiring was overstated by nearly a million jobs. Right?
• 2:09
  So this is absolutely significant. There's a lot of big things happening. And so what today we're focusing on, though, is obviously we're talking about why gold and silver are spiking, what that means, but also what it's a reflection of. And why is it that the markets are still at all time highs, yet those markets are really, really be being driven by these these seven magnificent stocks, right, the mag seven stocks. It just seems like there's all these indicators that the whole system is on really, really shaky territory, and so we're going into all that more in today's interview.
• 2:42
  So please enjoy this discussion with my good friend, Colin Plume. Colin, great to have you back on the show, man. And, man, is there a lot happening with precious metals, the market? Like, it seems like everything is kinda blowing up right in front our faces now. What what what do you think?
• 2:59
  Yeah.
• 3:00
  Speaker 2: I've been getting I was selling something. I've been I've never it's I haven't gotten this many texts from people that have been on the sideline ready to go. Friends, friends of friends, people I talked to a year ago. And, you know, I'm I try to be a professional, so I don't wanna say, I told you. Right?
• 3:22
  I don't I'm not gonna be that person. I just, you know, happily answer their questions and and but yeah. No. It's been no. It's it's been wild.
• 3:32
  No. I appreciate all the text and everything, so I'm just sort of joking. But, yeah, it's moving faster than I think a lot of people thought.
• 3:39
  Speaker 1: Oh, it
• 3:40
  Speaker 2: is. 600. Yeah. Everything. Silver.
• 3:43
  Speaker 1: Well, it's also to think that because they're so close to record highs silver close to record high, gold at record high, it's like, am I too late to, you know, am I too late to come in the game? I actually I think it's early still, based on a lot of things. Actually, wanna I wanna pull up we've we've got a lot to get through quickly here. I think we'll be able to do it, because we're really in sync. This guy named David Bateman, who I'm actually in touch with trying to set an interview up with.
• 4:06
  I I first discovered him because he posted these pictures of these pallets. I think they were, like, thousand ounce bars or something. He's And like, just got my silver delivery. Literally, pallets. And so here's a a tweet he's put out.
• 4:19
  It says, my $800,000,000 investment in precious metals in the last year or so is now worth 1,200,000,000.0. No leverage. More billionaires will be made, but only the unafraid. And I I I I love this comment.
• 4:32
  Speaker 2: I love this comment below too. I'm guessing you don't feel like it's time to start locking in profits just yet. Like, I love people that and and then he responds, I'm not ready. But I love people that are questioning a guy that's a billionaire about his strategy. Like and and it's just it cracks me up.
• 4:53
  It cracks
• 4:53
  Speaker 1: me It's it's just wild. And and there there's a lot more, but there's one particular post that that this guy named Quoth the Raven put out that I'm gonna read it pretty quickly, but he he gives a summary of what he sees going on, and in a very, very important way in how he concludes. But because I think it's important to not get too kind of stuck in the details of the minutiae and looking at the big picture of what's going on here, because there's some sort of massive reset that's going on. I think the doll we were watching the gold price going up, going up, go up. I think it's also showing us the dollar is dropping its value significantly, right, amidst that.
• 5:33
  So I'll read through this because it really helps set the tone. He says everyone keeps asking me what my macro take is. So here it is once and for all. Here's how I see the next six to eighteen months. The BLS revisions confirm the economy is officially grinding to a halt.
• 5:48
  Right? Just to pull that up really quickly. Yes. The BLS revision as of today shows that annual hiring was overstated by close to a million jobs. That's a big deal.
• 5:59
  He says, soon, it will be on life support as far as discretionary spending. We're probably at inning two of nine of a real recession and don't know it yet. Three years of positive real rates have finally had the effect on the economy everyone thought they would years ago, but there was the one, the unusual twelve to eighteen month lag from monetary policy to the economy, and two, tons of excess liquidity from COVID that delayed the inevitable. Now it looks like we're really we have really stepped in the the in the SHIT, for the children out there listening. Credit card delinquencies are rising.
• 6:30
  Home sales are cooling. Private equity marks and commercial real estate markets are probably all about 20 to 40% too high on whatever books they're on. Auto loan delinquencies are next. You've had the analysis showing securitized auto loans are being dealt to related parties because there's no bid, and that triple a rated commercial real estate is now under distress. Decades long CRE firms, like one recently in Miami, are filing for bankruptcy.
• 6:55
  Oh, and the banks that carry a lot of these loans and securitized loans also have treasuries on their books that are trading far lower than what they thought than sorry. Than when when they were bought with rates at 0%, a la Silicon Valley Bank. You also now have the reintroduction of paying off student loans, which adds a whole new quick chunk of debt for many already distressed borrowers and Americans. Cost of capital was already the highest it's been in decades, and now this group, already probably faced with cutting spending, has to make even quicker, faster moves about where they are going to adapt their budget. Many of these people are simply stuck, these loans, including many of their other ones, will default.
• 7:30
  But the one thing that is for sure is they don't have cash to spend anymore. At the same time, The US stock market is at its all time high valuation when combining a number of key metrics. This move higher has been driven by seven companies that are disproportionately weighted far heavier in indexes than they should be. They get an incessant bid from the passive bid, which buys them disproportionately regardless of valuation. That bid will dry up as jobs do and as deleveraging happens.
• 7:55
  There are about 50,000,000,000,000 in funds in these types of retirement vehicles, and most funds don't have the cash to cover a tiny percentage of that in redemptions. This decades long incessant bid could turn into a seller at some point, which would be catastrophic for markets. As the e and p and e stops growing, valuations will get even more aggressive, the market will. At the first point in decades, people actually stop stop to say, where could the mean reversion reversion be in the S and P blow out even further to all time highs? Then sitting atop the markets is a $4,000,000,000,000 in total speculation known as the crypto market.
• 8:32
  This market routinely allows 50 to a 100 times leverage and theoretically has no floor. There's no cash flow or balance sheet to hold it up and make it deep value. It's literally just numbers on papers. Bitcoin and ETH have some purpose in use cases, which may give them a slight floor, but we have no idea how much lower that could be. There's at least, in my opinion, 2,000,000,000,000 in outright debtrious in crypto that is worth $0.
• 8:56
  There is no dip buying that makes sense for many of these tokens, in other words. The situation begets a sharp deleveraging, except the Fed stepping in to to quickly will do will, one, fail to take the effect immediately due to the same aforementioned lag, and two, send already high inflation at 2.8%, potentially much higher. The Fed needs to work with the labor market collapse break with the inflation gas sorry. The Fed needs to work the labor market collapse break with the inflation gas at the same time. And, honestly, rate cuts aren't the answer right now, but they don't care.
• 9:30
  They'd rather have inflation. So they will print, and our bond market will officially crack, and people will realize inflation is never leaving. No one wants long dated paper, and The US is a much larger credit risk than 4% on the ten year. The Fed will then do yield curve control, and sound money assets will explode higher along with financial assets and anything else that benefits from tons of money printing. The brute force destruction from the inflation that follows will be talked about only as a second fiddle to praising the Fed for doing a great job bailing out the economy again.
• 10:01
  Powell will get praised. Stocks will move higher, and the wealth gap between the top 10% and the rest of the country will widen the fastest in history. All the while, people in financial media will tell you everything's fine because the market hasn't collapsed totally in in nominal terms. The bottom 50% of the country won't be able to afford a box of cereal, and guys in suits will be given central bankers a Nobel Prize in five years for fixing things. It's so nefarious because the consequences won't be immediately obvious.
• 10:27
  The market will come back after the Fed goes does QE, but the real pain will be an inflation's effect on the middle class. It'll be clear in the price of gold, maybe Bitcoin, and maybe real estate and stocks. People who have saved cash will be wiped out, and it'll happen under the cloak of darkness in the background instead of as a front page headline because most people don't understand it, which is what makes it that much more nefarious. Honestly, this one feels like end of empire stuff. Keep your head on a swivel.
• 10:55
  I hope I'm wrong. What are your thoughts on that, Colin? It's pretty heavy.
• 10:59
  Speaker 2: I mean, it's it sounds like he's, you know, reading my my mind, you know, and and I have a lot of experience in all those things that he's taught. I mean, I, I have a good amount of commercial real estate that I own. And I, you know, I, obviously there's a lot of properties across the country that are, as he said, you know, 20 to 40% overvalued. I I look at the stock market the same way. I'm an investor in the stock market, but I'm nervous because everything is inflated.
• 11:32
  Even people that I know that are in the stock market, heavy traders are not holding anything long term right now, the people that I'm talking to. So, yeah, I think that there's this overall pessimism that everything is inflated that, yes, we will have a correction in some rates, and rates will come down a little bit, and we'll have a leveling. But I think that we we push the gamut for twenty years with cheap money, and then you you you know, from 09/11 through COVID, and then we we finally got caught. We just we overleveraged everything, and everything is is overpriced. And so now we're trying to unwind that for many, many years.
• 12:15
  It's gonna take many, many years of us trying to unwind this, and and a lot of people are gonna get caught holding the bag, which means they're gonna get caught in commercial real estate that they can't refinance. They're gonna get caught in businesses that they can't continue to get leverage on. They're gonna get caught in the stock market and and assets that are overvalued. A lot of people are gonna get caught because they don't have actual wealth. They they just, you know, they're just they're tied into leverage type assets.
• 12:46
  And so if you don't have money to survive, you don't have assets to survive and keep up with inflation, then you're gonna get caught, and you're gonna lose things, and they're gonna go back to the bank. And then wealthy people that have assets are gonna buy them.
• 12:59
  Speaker 1: To me I mean, I'm I'm on the same page as you. And to me, it seems like what he the picture he's painting fundamentally is the collapse of the dollar. Like, that's what he's highlighting here is just that it's been it's been propped up through so many artificial and and, you know, kinda injections of cash through QE, and we've got all the COVID money that came in. And everyone thinks, well, the stock market's at all time highs. And so they're keeping it's like what he says here.
• 13:26
  And he concludes, people who have saved cash will be wiped out. And that's the thing. Whether that cash is sitting in a four zero one k or sitting in the stock market or even in the bank account, it's like you look at you know, we're seeing okay. Of course, we're seeing record gold prices. Right?
• 13:41
  So we're here. We're you know, during right now, during this interview, it's up at, you know, 3,600 plus. And it's easy to say, wow. Gold's going up gold's going up, which it is, but I think this is also a reflection of the dollar. And I'm or, you know, in one of my favorite interviews I've done with, David Jensen, he said that gold and silver are the canary in the coal mine.
• 14:04
  And he said that, you know, be because they when they put all the controls on it through the LBMA, it was to mask all the overprinting of the dollar, and that's how they're able to keep the the gold down. Because he said in the seventies, when they took off the gold standard officially, that the price would spike so much over the course of the next decade because they were printing so much money. And so that's what to me, it's like seems like that's what this is saying is that, you know, gold spiking. Yes. It's gold spiking, but it's actually showing us that the dollar is is actually plummeting.
• 14:33
  And that's frightening Yeah. For a lot of people that have all their assets sitting in the dollar.
• 14:38
  Speaker 2: Yeah. It it you can't live the way, our parents live and, like, you can't have that same mindset, that saving and cash mindset anymore. That mindset doesn't work today because even the 4% of the bank, which I think will go down over the next twelve to eighteen months, I think we'll be in the threes and high twos. Even that is not enough. It's it's not gonna keep up.
• 15:05
  You're not gonna be able to to to buy the increase in electricity and food costs and, and day to day costs. And, and, you know, you, you see it in, in the job market too. It's like, this is the first time when not only is, you know, there's more people looking for jobs, there's 7,200,000 people looking for jobs, and there's 7,100,000 jobs. I mean, that's the first time that's happened in like ten years. And that number doesn't even include the people that are beyond the eighteen months that actually just quit looking, or or they take them off.
• 15:38
  Maybe they're still looking, but they're not factored into it. So you have this situation where there's not the jobs that people wanted to also. So that's why it's even more important to be really strategic and smart with what you're doing with, you know, any retirement account or any money that you gotta get it out there to work for you. And then you gotta find, you know, skills that are needed in today's economy, and they're different than they were five years ago. There's still industries that, you know, health care, and there's a lot of industries that are still looking for people.
• 16:17
  AI, there's a lot of, you know, cybersecurity. There's areas that you can get jobs that are growing, and they're paying more. I mean, we're seeing these crazy Facebook jobs where they're, you know, they're paying, you know, a 100, you know, a $100,000,000 to these to these AI geniuses. So there's gonna be opportunities. You just have to, like the old is gone, and you have to go with the new.
• 16:37
  But part of the the new is, yes, the dollar is every day is just getting less and less valuable, and people are moving away from it. And, you know, if they this $5,000 gold price, which a lot of people Fox News and everyone's been talking about, they're like, if if the bond owners or treasury note owners take their long term debt and they move even 1% into gold, gold hits 5,000 in, you know, a month. I mean, that's how fast it would happen. It would move that quick. Now could they get enough gold to everybody that quickly?
• 17:12
  I don't know. They'd probably have to borrow it, which they're which is what they're doing with silver, but, you know, that's the the new ideas that this long what he says in there is that nobody should be in long term US debt. Like, it doesn't make sense. And you're seeing that too. You're seeing, like, short term US debt being purchased up much more quickly.
• 17:30
  Three year notes. That's why they came out with this three month bond that they released because they couldn't sell the ten year bond. So they're trying to do whatever they can to get you to to to buy their debt, but they realize, like, nobody's gonna sit in a ten year bond at 4% because they know they can make much more money other places. So this is the new norm that we're in right now.
• 17:50
  Speaker 1: Exactly. So you mentioned, though, the extra cost to borrow silver. Yeah. Right? So, and, again, this gets into the the LBMA and and the mechanisms that they've used to control these prices, which, as far as I know, what I've seen lately is that the the people the the banks the short positions on silver and gold are losing insane amounts of money right now.
• 18:16
  100 billions. Like, it's crazy. But this post right here, when it says London has to pay an extra 5% to borrow silver, usually, it's 0%. Let's call it what it is, a silver shortage. Right?
• 18:28
  This this he's referencing this post saying the spread between London and New York. This is the cost of short term bar silver borrowing in London has risen 5% for the fifth time this year, well above the historical level of 0%. So what does this mean, and and what's this telling us?
• 18:44
  Speaker 2: Well yeah. And, also, like, if you look that's a good chart because some people would argue, well, it's because silver is going up fast, but silver moved up fast in 2022, and you could see the borrowing cost there is still zero.
• 18:57
  Speaker 1: Interesting. At
• 18:57
  Speaker 2: 5%. So it it doesn't you know, silver made a massive run-in 2022 for people to remember. Borrowing cost was still zero, and they couldn't get silver. Now they're borrowing at 5% because they're, you know, they're really saying it's gonna go substantially higher. They literally can't get enough.
• 19:16
  Oh, and over the last five years, obviously, there's more industrial uses too. So there's not as much for investors. Right? I mean, that's the more it gets used for industrial, the lesser is for for retail, for, you know, people like us that buy it, which is a good thing, which is a good thing for for retail buyers. So that chart, I think, really illustrates that.
• 19:36
  The other thing is that when president Trump talked about the tariffs just a few days ago, he said that there's no tariffs on gold. He said there's no tariffs on tungsten. He said there's no tariffs on one other metal, but he didn't mention silver. So that's another reason why is that there's some confusion. Maybe maybe the silver is gonna be tariffed.
• 19:57
  So now they're like, oh, no. We have to get more silver. So now they're borrowing at these unbelievable rates. And and you can only imagine if an if a bank or an institution is willing to buy silver 5%, a loan at 5%, plus on the exchange, it's selling at a premium now. If you look at silver on the exchange, it's selling at a 70¢ premium over.
• 20:21
  There's gonna be a movement here. And I I've been saying this for the last year. These silver prices relative to spot price are not gonna stay around, and we're seeing it now. We're seeing prices go up. They're starting to the demand is is picked up, and the price of the the, you know, the coins and the bars is really starting to pick up because not everybody is actually able to get the real thing.
• 20:42
  They're just when you're buying that SLV or others, maybe not SLV, I don't wanna get in trouble, but other ones like it, they could just be borrowing it from somewhere else to fulfill their obligation. They might not actually be holding it.
• 20:58
  Speaker 1: And so what's what's interesting is that I'll pull up. This is CNBC. It says gold is is on a record run. Here's how to invest according to the experts. So this is what's you know, I've never seen mainstream financial places or talking heads talk about investing in gold and silver.
• 21:17
  It's always been magnificent seven or, you know, stocks and bonds. So the fact that they're now talking about this is significant, which, I mean, I wanna just kinda curious to you. You're at the retail level, you know, and and and kinda gauging what is the retail sentiment. So are are you seeing a lot more action coming in? Are you seeing a lot more people that are, like, seeing the train is starting to to take off, and they're like, I can't miss it?
• 21:43
  Speaker 2: Absolutely. And a lot of people are doing it with with cash, but they a lot are doing it with IRA money because they have expressed, and we do surveys, like, why? Like, why? Why? Why?
• 21:54
  We always wanna know why. Like, why are you doing it? The most recent sentiment, consumer sentiment with our clients is that they are concerned about the PE ratios, and maybe they're not saying PE, but they're concerned about stocks being overvalued. And so their big concern is getting out. So they've been there's been a big rush.
• 22:11
  So now we're moving a lot of IRAs that are typically in the stock market into gold or silver platinum plating, whatever the client decides, and we're walking them through that process. But they really wanna get out of that because they know September 17 is gonna happen. They're gonna lower rates. They know that in May, Powell's gonna be out. Maybe Scott Besson or somebody else is gonna be in.
• 22:32
  They're gonna be more aggressive. In essence, we're gonna go through a QE, period. They're gonna do it. They have to do it. They need liquidity out there.
• 22:40
  Is it gonna be a year or two of QE? Is it gonna be like 2009 to 11, like a two year run? Two year run-in QE would be explosive, parabolic, I would say, in terms of the metals price. And and and we don't know what it would do for the stock market at this point. We're already at all time highs.
• 22:59
  Does it keep going? Is it you know, there's a lot of there's risk there. So I think that's why a lot of people have been calling us.
• 23:05
  Speaker 1: Yeah. It just seems like the wheels are coming off the bus now. Yeah. It's like the the system is is is he mentioned grinding to a halt. Like, things are now starting to break.
• 23:16
  And so, anyway, I know that that you're tight on time. I I I'll I'll pull up. As you mentioned, you specialize in walking people through the process of IRAs, four zero one k's, pulling money out of the stock market, or else this is outright cash purchases. Right? You're doing this a wire or check.
• 23:34
  Correct. Look. I'm not a financial adviser. It's not financial advice. These are all the kind of disclaimers around that.
• 23:38
  But even though these metals are at record highs, like, just actually, think tomorrow, have a shipment coming in. I just bought more silver at, you know, $41. So it's not I you know, I'm thinking, like, this is low. Right? This is low compared to all the indicators show that the dollar is gonna keep it's gonna start plummeting even harder and that the prices of precious metals are gonna keep climbing.
• 24:01
  There it's not like your typical gold where it goes up a little bit, comes back down, up. It's like it's a steady like, if you look at this chart right here, okay. It says that's thirty days gold. Right? Let's look at sixty days gold.
• 24:14
  It's like, really, we're seeing a climb like we haven't seen before. So if if there's people out there watching that have been on the fence, like, the window is closing. And so, obviously, do your own research and everything. I trust Colin. I trust your company, like, implicitly.
• 24:29
  But I I think that we're at a very, very precarious crossroads in history, and I would not wanna be someone that's sitting there with all my assets in the stock market in the dollar because I I just I'm concerned about where those are going.
• 24:42
  Speaker 2: Yeah, absolutely. Yeah. And we're here to answer questions. Anyone that wants to talk to a live person, you know, here in The US, answer your questions, we're here. We're gonna be here now.
• 24:54
  We're gonna be here in ten years. If you want to learn today about what we do, we'll send you free information. And it's a no pressure environment. You're going to talk to a person like me that, you know, will give you good information. People that, that are in this, you know, we, everyone owns pressure, the real thing.
• 25:10
  So if you wanna talk to an expert that does that, give us a call. And, even if you're early in your process, like, call us, get the free information, and and, you know, everyone's timing is different, but I think it's a good time to get educated on this.
• 25:23
  Speaker 1: Exactly. So we we have a a website. Make it easy. Goldwithseth.com or (877) 646-5347. Colin, thank you, man.
• 25:34
  I I appreciate you. This is we we kinda turned around quickly, made it happen today, but there's just the news is so outrageous, and every day, it's just kind of chopping and changing. So thank you for making time for us today.
• 25:42
  Speaker 2: Yeah. Thanks, Seth.
• 25:43
  Speaker 1: Talk to you soon. Absolutely.