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Sept. 26, 2024 - Lionel Nation
24:44
What Every Voter Should Ask About Gold and Metals Before the Election
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Again, my dear friends, I'm honored to speak with my good friend and your friend, Colin Bloom from Noble Gold Investments.
Colin, how are you, my friend?
I am fantastic.
Couldn't be better.
Happy to be here.
Excellent.
What's on the horizon?
Let's talk gold.
Let's talk metals.
Let's talk mining.
Let's talk money.
What's on the agenda, my friend?
Yeah, no, I mean, I think obviously everyone's seen the price of metals skyrocket, which was, I mean, if anyone that has done their research, when rates are high and you drop rates 50 basis points in a panic cut, Powell said it was a recalibration, but 50 basis points is a pretty aggressive cut.
If you look at just the history of the Fed, anytime you've seen aggressive cuts, tangible investments tend to do well.
And so it made a lot of sense that gold has done what it's done.
Gold's outperformed everything out there.
There's nothing that's performed better than gold this year.
And I think a lot has to do with the Fed's policy and just general distrust.
Of the economy and geopolitical tensions.
Obviously, we have everything going on in the Middle East.
We have Ukraine.
You have all these skirmishes happening all over the world.
So people are getting into safe haven investments.
But yeah, mining is...
So when you look at investments, you kind of look at it from many different sides.
You want to look at all the different sides.
So gold has to be mined.
Silver has to be mined.
These are metals that have to be pulled out of the ground.
They can't be printed.
Like our dollars, right?
They can't just turn on the printing press and bring gold.
They can't do it like what they do with diamonds now.
I mean, the diamond industry is in real chaos because the artificial gems are perfect.
And, you know, left, right, and center, I see guys, you know, giving diamond rings that are fake and they look, no one can tell.
But they're not, they're made in a lab.
Gold and silver has to be pulled out of the ground.
So what I look at is what are the fundamentals?
What's driving things?
And one of the things you really have to look at is junior mining.
And junior mining is typically miners that are looking for new mines.
You know, they're aggressively exploring the world.
And these types of miners, you know, it's a little bit of the wild, wild west.
And that, you know, for every...
Ten of these guys, you know, maybe one or two actually are able to find what they're looking for.
But they need budgets.
They need budgets to explore.
And it's very expensive to go out and to open up and to go in and try to find new mines.
And they really need to do that because there is a shortage of these metals.
And so one of the things, the statistics that has come out from the mining community is that in 2021, The amount of money that was spent in exploration for gold and silver was half of what it was in 2012.
And that's a very telling statistic because it shows that there's not as many people out there that are willing to put investment behind it.
Obviously, they want to continue to mine gold because when you mine gold, there's a great arbitrage if you win, right?
You know, on today, I think to pull it out of the ground, they say it's between, you know, $2,300 and $2,400.
So there's a big bump from where gold is sitting.
Gold's sitting in the $2,630, $40, $50 range.
So there's money there.
But to take that risk, the miners need investment.
And the investment community has just said, we're not willing to take that risk either because...
They think it's too risky, or they just don't think there's enough gold and silver out there that it makes sense to actually even take on this massive risk.
The other thing, too, that could be hurting this is just the rates of borrowing have become much higher.
The higher interest rates have affected us in so many ways.
Obviously, people day-to-day are looking at residential and commercial mortgages and all this, but businesses need money, too.
Right, exactly.
They need to borrow money, too.
There has been a general nervousness to lend money to exploratory-type businesses.
And so these businesses have really struggled.
So that's some of the things that I look at, Lionel, when I look at the markets.
It's not just central bank demand, which has been tremendous.
You also have to look at how are they going to continue.
To pull gold out of the earth and have it in circulation.
Let me ask you a stupid question.
Probably one of the most stupid questions you've ever heard in your life.
But I'm going to ask you, because I know somebody's thinking this.
How much gold is there?
When do we say, alright, that's it.
Is there peak gold?
How much gold is there?
And where is it?
And how do we know it's fantastic?
There's enough gold in the world to fit in two and a half Olympic-sized swimming pools.
That's how much gold there is in the world.
I mean, gold left or how much?
Above ground.
Above ground.
Okay.
Two and a half Olympic-sized swimming pools is what's above ground.
And it grows annually, depending on how much they can mine, 1%.
One and a quarter percent, three quarters of a percent.
That's typically what it'll grow in any given year.
So even with all the exploration and everything happening out there, the supply doesn't go up that much.
If you compare it to fiat money, fiat money grows 15 or 20 times what the amount of gold on the earth is.
So, yeah, it's not that much.
And in terms of stuff that's in the ground that we have not gotten or can't get to, what about that?
Yeah, I mean, it's hard.
The minoring community, I've heard estimates anywhere from one to two more Olympic-sized swimming pools.
Wow.
I don't know why that surprises me.
I don't know.
Well, you don't look like a swimmer.
You're not much of a swimmer.
That's probably why it's swimming right now.
You're a funny man.
Yeah, I think people think there's more of it out there in the world because you see it so used in certain things, right?
And also, I think another reason is it's become such a staple in jewelry.
But there's also a lot of jewelry that doesn't have any gold in it that looks like they have gold, or it's gold-plated.
So it has the color behind it.
Also, most jewelry is 18 karat and lower.
So it's not like what we're selling.
These coins are 24 karat.
So they have much less amount of gold in it.
There's a lot of talk of happening.
There's a lot with the big...
The jewelry company is about recycled gold.
Obviously, when you have an item that is worth this amount, it's obvious that the recycling is happening all over the world.
But the jewelry industry doesn't love the idea of recycled gold.
They want to change the term.
There's been some conversations about what recycled gold should be called.
But at the end of the day, There's no one in this world that has a gold piece of jewelry that has lost favor with it, that doesn't realize that they have tremendous value.
And when you see the price go up the way it is, which is quite interesting, you see these gold-buying gold places pop up left, right, and center.
And you've got to think they're buying gold from you, this gold necklace from you, at some of the highest prices we've ever seen in the world.
But they will buy it.
They'll continue to buy it.
And, you know, a lot of it has to do with the fact that they just understand that the mining community is struggling to find more.
There's more people on this earth.
There's more uses that are popping up.
You know, jewelry is a big demand.
It's a little over 60% of the demand that's used above ground.
There's lots of other uses that are continuing to grow.
And then there's just the demand from, like, Russia.
Russia has grown, they're buying, they've grown their gold buying by 600% over the last 30 days.
And what they're doing is that they're buying gold, or they're manufacturing gold, or they have gold in their country, and then they're going to ports or places that will allow them to, like Hong Kong, for instance.
And they're swapping their gold for things that they want to trade and barter with.
So that's something that's continuously happening.
So they're going to acquire gold and they're going to go to China and go, okay, we need something of yours.
We're going to go to Hong Kong.
Someone's going to verify it.
And then they're going to do an exchange.
So globally, that's happening with two massive countries.
Argentina actually has shipped a lot of their gold to London.
The reason they're doing that, anytime you see a country shipping, I mean, we're talking about like, you know, 20 or 30 tons of gold.
When they're shipping this amount of gold to a place like London, it's typically they're going to have it sit on the exchange and it'll be a way from them to trade and barter.
Now, what Argentina is running into, unfortunately, is they have tremendous debt.
And so they're going to use their gold as collateral.
And, I mean...
I don't have enough money to get into that market, but I would love to give Argentina some money and have gold as collateral because I can tell you this from what we see with Argentina, they're going to default on this gold and whoever's the one holding that collateral is going to be very happy.
So that's another reason that you see large amounts of gold being used by countries is that there's a point where the world doesn't accept your currency.
They're not going to accept your IOUs, and they're going to want to repatriate your gold.
One of the theories that's coming out eventually about the U.S. is that this will be something that will have to happen here in the U.S. too, is that countries will say, well, no, I'm not going to buy any more of your bonds.
I've bought too many of your bonds.
They're too risky.
Send gold to London or send it to our country.
We'll hold it as collateral.
For an exchange, and then we'll take some of your bonds, and then if you default, then we'll just take the gold, right?
So there's a lot of different ways that countries are using gold.
Central banks are using gold.
But ultimately, it's an asset that is trusted, and that's why Argentina is using it, and that's why Russia is using it for trading and bartering.
And let's also throw something in as well.
Let's not forget our friend Silver.
Absolutely.
I mean, wonderful.
Not only that, the silver that is being used in solar paneling.
And of course, I have my favorite.
This is my Donald Trump coin.
I just love dropping this thing.
But this is alive and well, too.
You know, Colin, I've got to say this, and maybe this is me just speaking out of turn, but I think sometimes When we get into the investment world, a lot of men think they know a lot more about it than they do, just like they think they know about barbecuing and cars.
For some reason, they just feel imbued with this ability to do...
And we're also talking about crypto and different things like that, and stocks.
This has never changed.
It seems almost, oh, that's so...
It's so rustic.
It's like you've got to convince yourself.
There's no such thing as, you're not going to believe this.
Gold is worthless.
You don't want it anymore.
It's not like a stock.
It's never going to lose value.
It's permanent.
People try to overcomplicate things.
A lot of it is there's great advertising in financial instruments.
There's just fantastic advertising.
And so people get lured in with things that are exotic and are more complicated and guaranteed.
There's a lot of guarantees in the financial space.
You see it in annuities.
You see it in a lot of these real estate companies where they'll guarantee a return.
You'll say, oh, this 7%, 6%.
But then when you really kind of get down to it, Anyone that's guaranteed any type of return either is a scam, which there's a lot of those, or you're going to have to have your money tied up there for an exorbitant amount of time.
That's how a lot of these funds or annuities are able to say, yeah, we'll give you 7% for a year or two, but we are in charge of your money and you're not going to get it for 6, 7, 8, 10 years.
I think people...
They want liquidity.
They want to keep up with inflation.
And I wouldn't feel good about having your assets all tied up in something with these so-called guarantees when your money is basically theirs to invest.
Because they're basically going to go out and they'll give you your 6%.
They're going to go out and make 20% in some type of investment.
Maybe they're going to make it in gold.
Who knows what they're going to make?
Um, so I, you know, I think it's, you're right, Lionel.
I think people want to get into stuff that's more complicated.
They want to get into stuff.
And at the end of the day, you know, you have to really be careful about what you're getting into because, you know, you've built it, you've worked hard for it.
And, um, you know, ultimately at the end of the day, it is your money and is your investment, but sometimes just slow and steady and safe is okay.
And I talk to investors and young people about this all the time.
You don't have to hit, you know, 30% returns.
You know, you hit, you know, 10% returns consistently and then maybe your down years are a few percentage points or not that, maybe 5, 10, you know, you don't have as many down years.
That's going to do better than having one year making 25% and then the rest of the time you're down pretty significantly.
So I think people should be okay to try to, Slowly build wealth over time.
People want to get there quick.
Unfortunately, in the investment world, it's more about protecting your downside risk and growing over time.
That's how you build tremendous wealth.
Right now, now that we have tempted and tantalized our audience, somebody says, I like this guy.
I want to know more about this Noble Gold Investments and this Lionel Nation Gold.
How does this work?
What do they do?
What can they do?
Yeah, I mean, it's just as simple as we've said.
You call, mention that you heard us here on the show, or say you want to learn and talk to somebody, and you're going to have a good conversation, you know, 20- or 30-minute or 40-minute conversation with someone at Noble Gold.
This is what they do all day.
They deal in these physical assets.
And they're going to give you information about how the market works, how we work, prices, products, how we ship, if you want to store, how the IRA works.
We're going to give you all that information and try to build a relationship with you and find out why you're interested or what you're seeing out there that has you leaning in this direction.
And then, ultimately, you'll make a decision when you're ready, but we try to flood you with...
PDFs and videos and try to just give you as much information as possible.
And then that person that you build a relationship with is going to be your contact person.
You're going to have them for as long as you have gold and silver.
You know, one of the things that we really pride ourselves on is we've had longevity here.
Our customer service sales team, average person's been here five plus years.
We have a number of people on our staff that have been here for seven years.
That's unheard of in the gold space to have people last and stick around for that long.
So the goal is to build a relationship with somebody that can help you be your person for life and help you do whatever you need and through the process.
And that's really what we focus on is that personal concierge white glove service and making sure we answer all the questions that we possibly can.
And you are, not to be corny here, but you are the gold standard of this.
And your reviews and customer appreciation and customer comments are through the roof.
This is an absolute fact.
Colin Plume, it's Noble Gold Investments, but actually Lionel Nation Gold, or if you call 877-646-5347 and mention Lionel, that's correct, right?
Correct.
Yeah, and they'll obviously get...
We have some promotions going on for your show that they can go over with you.
And I think at the end of the day, sometimes simple investing is good.
And I think that's what we really focus on, is you're going to own these items by yourself.
They're yours.
We're just going to help you get there.
And I think in today's day and age, with so many smokes and mirrors and so many...
Just doing some simple investing into something that's been around.
Gold's been around 5,000 years.
It's been in the Bible.
Something that people know and trust.
Sometimes having some of your portfolio and something like that makes a lot of sense.
And also, let me just say, there is something psychologically tantalizing and wonderful about being able to hold something.
I love to drop it.
And one more thing.
Do you remember recently when we had the New Jersey Senator Bob Menendez, who got into his apartment, but when they went to his house and they're finding cash and they found gold.
And he said, like, gold bars.
What did you say?
Yeah, it's a silver kilo, but they had the gold kilo smaller than this.
Yeah, he had gold kilo bars, which we sell a lot of those.
We sell a lot of those.
We didn't sell those to him.
No, no, no, no, no.
But what I'm saying was, People that I knew, Colin said, can you imagine he had gold?
I said, more people, they think this is somehow illegal.
No, people have gold.
They have safes with gold.
And I'm thinking to myself, what are you, nuts?
What do you think this is?
Something from a James Bond movie?
No, you can actually have gold bars if you want to keep them.
You show up from work and there's a pallet of gold in front of your house.
I'm kidding, of course.
But I'm serious.
This goes back to what I'm saying.
People think this is some kind of a comic strip thing.
No, it's real.
It's tangible.
We did a video about that on my YouTube channel where we showed a chart from 2022 when he got the bribes to today.
And the fact that he acquired, he got gold for his bribes.
His gold outperformed the dollar by almost 40% over that two years.
So, you know, I'm not suggesting anyone should get any bribes.
Crime does pay.
But if you are going to do it, get it in gold.
If you're going to throw your life away, if you're going to be cracking rocks upstate, if you're going to be with Diddy in some cell...
Go for the gusto.
Go for the gusto.
Uranium is a lot not as safe.
I'll be careful with that one.
I did a number of videos on that because he had gold kilobars, which we sell a ton of those.
That's a very likely purchase for someone at Noble Gold.
When I interview people in person, I usually will bring a gold kilo bar because the weight of it is quite astonishing.
Ultimately, we do bullion coins and bars.
Be careful in the gold space.
We have a lot of good reviews.
Read about us.
I've been on this show a number of times.
Here's what I'd say.
If it's too good to be true, it probably is.
I'm seeing offers right now where they're saying we're going to give you $15,000 of free silver and all this stuff.
I promise you, they're not giving you free silver.
It's not going to happen.
I've seen people say they thought they got that much of free silver.
It turns out they paid 50% above the market on all the stuff that they bought, but they thought they got some free stuff.
So just be careful.
Call us.
If you're talking to one of those companies and you want us to unravel that whole scheme, we can do that for you.
We focus on these items, bullion coins and bars at fair prices.
We'll get you the most bang for your buck.
And yeah, just excited to talk to people about it.
Obviously, we're on a massive bull run in the market, so our phones have been busy.
This is the busiest we've been in probably a few months.
I think this is the busiest we've been since the bank collapses of last year's Silicon Bank and all those banks that went down.
But yeah, we're working six days a week, so if anybody calls those numbers, we're available.
Lots of good information.
And I appreciate you having us on the show.
One more time.
877-646-5347.
Tell them that Lionel sent you.
And Colin, always my friend, a pleasure to speak with you.
I always learn something.
The viewers love you.
Love these moments.
We're going to do it again.
Thank you so much for your time and your effort and your work.
And let's do it again, my friend.
Thank you, sir.
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