All Episodes
Previous Next
Nov. 26, 2024 - The Roseanne Barr Podcast
46:37
Bonus Episode!!! with Noble Gold CEO Collin Plume | The Roseanne Barr Podcast
| Copy link to current segment

Time Text
Greetings Earthlings and human beings and everybody else.
Anything you got, all intelligent life forms.
Welcome to the Roseanne Barr Podcast.
Oh you see I have a guest today that will fill us in on all the stuff you're hearing about gold and silver and money markets and all that stuff that sounds crazy, but we've got to get the answers straight from the horse's mouth.
We've got a great guest today, Colin Plume.
He's the CEO of Noble Gold, and I can't wait to fill myself in as well as my listeners.
So, hi Colin!
Hi, Roseanne.
Thanks for having me on.
I'm excited to chat with you virtually here today.
Yeah, I'm glad to have you in here.
So what in the hell is going on?
Half the people say, I mean, half the stuff they say, it's hard to understand anyway, but they're talking about a big old market crash and all that.
What's up with that?
Well, yeah, I mean, I think if you look at the equity market stocks in general, most of them are trading four to ten times the actual value of what the company should be worth.
And so, yeah, that does create a lot of uncertainty.
Typically, you're buying companies based on the idea that the companies are producing a product and make a significant profit.
But what we're seeing is companies like NVIDIA and a lot of the tech stocks are trading at such high multiples relative to what they actually produce and what they're actually worth I've seen estimates that they say the market could be anywhere from 100 to 150% overvalued.
And so that does create a lot of concern.
I mean, a lot of people have a big part of their retirement and net worth sitting there.
And so, yeah, people are concerned and we have a new president now.
How will that affect money in the future?
So, yeah, I think there's a lot of people that are looking for answers or You know, interested in different things.
And, you know, I always really talk about not having all your eggs in one basket and being diversified, which I think is really important.
And I think people really learned that a few years ago when the stock market really dove down and, you know, we were down 40, 45 percent in some areas.
Why did that happen?
Why did that happen?
Yeah, I think the reason that happened is that so much of our stock market has been based on money being so cheap and interest rates being low.
And so with interest rates starting to move up, Money wasn't so cheap, right?
And it made it harder.
A lot of companies were able to rebuy even their own stock because money was so cheap.
But once rates started to move up and now we're seeing them where they are today, it's harder to borrow money, makes it more expensive, makes it more difficult.
So yeah, I think we've all, this country and pretty much the whole world has been living off cheap money since 9-11.
And even though we should have moved rates up and fixed things, we've just printed more money.
And it's quite scary what we've done.
Yeah, it's really scary.
It is, yeah.
I mean, I always talk about this interesting idea that Before 9-11, we had multiple world wars.
We had Vietnam.
We had the Cold War.
We started creating nuclear weapons.
I mean, we spent a lot of money, right?
I mean, we were just expanding things like we've never seen.
And we were, in 2001, maybe like $2 trillion in debt, maybe a little bit less.
From 2001 to today, we're almost $36 trillion in debt.
That's ridiculous.
And so what happened?
And really the government just, and all the 1%, everybody just came together and created a system that is only geared to help those people.
And it is only geared to people that are getting in tremendous debt.
The only way you can win is just creating more debt.
And it doesn't help The regular American.
It's not a way to build wealth for regular people because regular people don't live that way.
They're not always going to create debt.
They're going to have normal jobs and they want to save money and they want to provide for their family.
They want to send them to college.
And so we've created all these ways to create more debt.
The American people have to pay that debt, don't they?
Exactly.
Yeah.
And I mean, if you go to that debt clock website, I mean, talk about something that's scary.
Yeah.
That's a scary place to go.
And so what do we do today to protect ourselves?
How do we navigate these waters?
And that's the thing that I think It is quite scary.
But, you know, people that buy assets that don't have debt, like gold and silver, these assets, when you owe them, there's no debt, right?
There's no counterparty risk to this.
This isn't like buying Enron stock and hoping they do the right thing.
Like, you own it, it's yours.
And so that's the thing that we really do is just focus on these assets that are without debt.
Well, they're real assets too, right?
They're not paper money.
They're not like debt that's...
I can't even understand why they would sell debt.
It's debt on debt, right?
I mean, that's the real problem.
And so now we're seeing it because, look, you look around, you look at real estate, like real estate seemed like this great investment that everybody owned.
But once rates started to move up, it didn't seem so great.
And it became much harder.
And that market's really struggling.
And we have a massive commercial debt problem that's going to hit next year.
And the only way that we're going to survive any of it is if they bring rates down.
And the problem is that inflation is going back up.
So the Fed can't.
The Fed has a mandate.
They're supposed to keep inflation at 2%.
And if inflation continues to go back up, it means their hands are tied.
They can't lower rates again, which means rates could go even higher.
So we've created this debt problem.
Because we just never brought it back down to earth.
And I think it all started after 9-11.
I get it.
Well, they take their money, the traders, they take their money off the top of the trade, don't they?
Absolutely, yeah.
And they take a percentage of what you have.
You know, that's the thing.
Like, if you look at retirement accounts and 401ks and all these things that people have, they're charging 1% to 3% of management fees, whether you go up or down.
I miss the days where people got paid based on trade and they got paid based on being good brokers.
Now it doesn't matter if they're good.
Their job is just to get your money in and let the computers and the AI do their thing, right?
And they're going to make a spliff or a commission, like you mentioned.
So yeah, I mean, listen, you've seen it from building your career to navigating media and all the different...
This is an old school investment and it's sort of like you're taking control back.
And I think that's why you like gold and have done it.
Well, you have something to show for your money.
You have something to show.
Yeah, and also, I like the idea that you're not paying this annual management fee for kind of no reason, right?
I mean, to pay a stockbroker or someone today 1% or 3%, when they're actually not even doing anything, they're not actually trading, they're letting their system do it, it just doesn't make a lot of sense.
And 1% to 3% over 30, 40, 50 years, It ends up being hundreds of thousands of dollars, for some people millions of dollars, that you didn't need to pay for.
It's gold, you buy it, you hold it, and that's it.
There's no fee, there's no management fee.
So it's a different kind of investment, an old-school investment, but it's for people that like the control aspect back.
You know, for entrepreneurs or people that just are sick of It seems more conservative and less volatile overall to doing precious metals because even when you called silver volatile,
I remember you saying that at one point, it was a difference of like a dollar here, a dollar there, where the stock market can go down 45, 50%.
Or like you said, if you invest in a company and the company goes under, you lose everything.
So we said this one time and we love it for precious metals.
It's not really like an investment.
It's more about protecting what you already have and protecting your wealth.
It's just a safer thing.
And I think that's why a lot of people are doing it now.
Gold's gone crazy, right?
Over the last few years.
Yeah.
I mean, at its peak this year, we were up 32%.
Wow.
It pulled back right after the election.
It pulled back.
Because, you know, and you guys see this probably, too, in your world, is that, like, there's these ebbs and flows in industries where people, like, go riskier, and they go safer, and they go riskier, and they go safer.
And what happened right after the election, it was like, okay, well, things are going to go back to, you know, we're going to have open, things are going to open back up again, right?
Less regulation, and, you know, they're going to do tariffs, and they're going to do all these things that kind of open things up.
And a lot of those things could and probably will happen.
But there's no way that anyone's going to be able to fix what we have right now, what's happened overnight.
I mean, the problems are big.
The Federal Reserve's an issue.
The job growth is an issue.
Our GDP growth is an issue.
These are all massive...
Issues that we can't resolve quickly.
So we saw a stock market kind of go crazy and people kind of sold gold and silver.
But then what happened with gold, and this happens a lot, is that it hit $2,600 and then there was tremendous buying.
And it's because there's a point where it's too low and the buyers come back in.
And this is what happens with gold.
It's very much like a stair step, is that people watch it and you get people that goes, it hits a really high number.
There's a lot of people that go, you know what, I'm going to take some profit and sell.
But then there's a floor where they go, you know what, it's too cheap and I'm going to buy it back in at $2,600.
It seems to be the floor.
Maybe it's $2,500 at some point.
I've been doing this for 16 years, and I remember there's always this Florida.
It used to be 1,000.
And Roseanne, I don't know when you initially bought, but I remember in 2008, 2009, it was sitting at like 800, and it was kind of teetering on the 1,000.
And once it broke a thousand, you know, it was up and down, but then it was like, that was the new floor.
And then it kind of continued to go from there.
And I remember people saying, oh, it's going to go below a thousand again.
And it never has because the cost of everything we own has gone up.
It's like saying like the cost of meat is going to go back to, you know, 30 cents a pound, right?
It's not going to, those things aren't happening.
So yeah, and there's reasons too.
Fundamentally, you have to pull gold out of the ground and it costs a lot of money to pull gold out of the ground.
And there's only a finite amount of gold in the world.
And there's only a finite amount that they pull out of the ground every year.
So there's that underlying kind of break point where it's like, oh, if it gets too low, the miners aren't going to mine it.
And then they're just going to sell what's above ground.
So there's always going to be that kind of floor for gold and silver and Precious metals and oil because there's a point where it doesn't make sense and then the price will bounce back up.
And that's why, Jake, to your point, I think it is conservative in that way because there is that floor.
Unlike everyone hyped up on crypto right now, but there's no floor for crypto.
Yeah.
There's no, it can go.
And listen, I know people are making it, but at the end of the day, there's no reason.
The only reason it goes up is that there's more buyers.
But there's a point in crypto where there's a lot of sellers and people remember a few years ago where the whole thing went down.
I remember talking to people and they were devastated by that.
You know, with your family, you're working hard and to have that volatility in crypto, whereas there's assets that, you know, have more downside protection, it makes it easier to live day to day when you have assets that you own, that you control, real assets, like Roseanne said, that have actual true value in the world.
Crypto still needs to prove what its true value is.
I know a lot of people are selling it.
There's a lot of speculation and a lot of money.
But, you know, like with any speculation, there's a there's a point where people go, what am I doing with this?
Do I need to sell?
And then once everyone starts selling, you know, it goes right back down again.
Right.
So, yeah.
So I think it is conservative in a lot of ways.
And the other thing, and that's my last question for a while, but when you invest in the stock market or real estate, even if you do well, it's not liquid.
If you want to go buy another property or do something, you have to sell the property.
You have to go through the whole escrow and closing.
Or if it's stock market, you've got to sell it.
You get taxed pretty heavy.
I mean, you'll get taxed either way.
But just my point is, it's not something you can just take out right away.
Whereas gold and silver...
Especially if you're with a company like Noble Gold, what I like is you can call up your rep and say, hey, I want to go on a trip this year.
I'm retired, but I want to go to Israel.
Sell me $30,000 worth of gold, and you can do that tomorrow.
Yeah, absolutely.
I like that you mentioned Israel, too.
I know people aren't going right now, but I hope next year they start going back to Israel.
I love that country.
But I think that it's important to keep in mind it is liquid.
You can get out of it at any time.
And one of the great stories that has just happened recently is I had a client, they did a large amount with us, a seven-figure transaction.
And they came and I was, listen, we don't want to sell, but we got an opportunity.
And so they sold and they had an almost million dollar profit with us in the gold that they purchased.
And I think they're going to buy some silver later, but they wanted to just do that.
And for me as an owner, it was one of the great days in my career to have someone have such a substantial profit in something that we sold them.
But yeah, the money was liquid, right?
You know, we wired the money and Whatever they decide to do, they decide to do.
And that was great for us.
But just on a common ground, people day to day are retiring and they have IRAs and 401ks.
And we do liquidations all the time and we send them the cash.
But the nice thing about the IRA, if you're retiring and you have to take some out because they require it, you could actually take the gold and silver too.
You don't have to take cash.
So it's literally one of the only assets in your IRA that you can take the actual physical possession of.
And we have people do it because they don't need the money.
And they go, you know what?
I'd rather have the gold than the cash, right?
Because the cash is losing value.
So that is something that you can do.
And we ship to people's doorsteps.
We can store segregated storage if you want.
We do IRAs, 401ks, any of that stuff.
Because I know so many people are worried about their 401ks that they're invested in the stock market, which I'm not a fan of the stock market at all in any way, especially for retirement funds, which I feel they're going to disappear.
Well, it's scary and also the scary facts are, and I can tell you this because I have a lot of friends that are in that business, they get more money in when the stock market goes up.
Yeah.
Right?
Like right now they're on fire.
And it's like, wait a minute, you know, we talked earlier, like, you know, Vidya and all these tech, they're 10 times overvalued.
Like, why do people, but people, they love the, they're riding that wave up, right?
If you really understood the stock market, you should have bought in 2022, right?
That was the time to buy.
So unfortunately, there's this just kind of human nature where you ride that wave.
And even though, It's a big fat bubble, isn't it?
Don't they create artificial bubbles and then they bring in their Marxists and they implode it?
And it's easy to do that.
You can do a number of things.
They've done it in silver, too.
What they did in 2011, what they did was silver was really moving.
And I thought silver was going to break 60 at that time.
But they changed the margin calls on silver.
So they basically made it more expensive for traders in 2011. And a lot of the big corporations got sued for this.
But those lawsuits take a while, right?
And what ends up happening is that they raised the margin call and they made it more expensive to buy silver.
So there's these guys on the market that can truly manipulate the market in a way that regular people can't.
Nancy Pelosi, classic.
She's the greatest stock picker of all time.
Come on.
What do you mean?
What are you talking about?
Well, she passes a law that favors her investment.
That's how you make money.
It's triple dipping.
It's triple dipping.
Yeah, exactly.
But, you know, regular people, like, we don't have access to that information.
So how do you sort of hedge your bet?
And so, yeah, so I think to your point, Jake, just kind of talking about gold and silver, a lot of my clients will say to me that it's like insurance.
That's what they think of it.
It's like, and every year your insurance goes up, right?
So your homeowners and your car, it's just everything kind of goes up because the assets, the value of those assets goes up, the protection needs to go up.
And so I have a client spot for me for almost 16 years.
And every year he just calls me up and he goes, I need more insurance.
You know, I need more insurance.
And that's sort of how he thinks of it in his mind.
That's how I think of it, too.
I mean, obviously you want to make money and you want to invest and you want your money to grow.
It's just, I think that when you talk about the bubble and the speculation and Nancy Pelosi's, it's like when you're riding the wave, I heard this line, it was in the Wealthy Barber.
It said, if everyone around you is making money off something, it's too late for you.
Don't get in.
It's already too late.
So I never, I'm just such like a boring old dude.
Like when I see a lot of people making money in Bitcoin or stock market, I've seen it for years.
I just walk away.
I'm like, it's too late.
And also, it's too volatile.
And then, of course, you see them three years later and they're living on the street because everything crashed.
And it's just like, just be smart.
You can be wild.
You can diversify.
If you want to invest in a business, you want to start a restaurant, whatever you want to do, you can do.
But you should have a portion of your money safe.
And this is the safest way.
And I think that's why a lot of gold and silver companies are...
Coming on podcasts and talking and trying to reach out to the audience of the everyday American.
It's not for the big billionaires so that they can play.
It's just like, hey, here's a safe way.
Be smart.
And I've seen it.
I've seen people doing it for years.
And I'm happy that, you know, that people are taking this seriously because you don't want to lose everything.
You don't want to lose everything.
Absolutely.
Yeah.
Billionaires.
There's a billionaire in Paul Tudor Jones, famous stock trader.
He was way ahead of 2008 collapse.
He's been just like classic trader, heavy risk guy, billionaire.
But he was getting interviewed about a month and a half ago and he was just saying like, all roads lead to inflation right now.
All roads.
And this is from a billionaire.
And they asked him, what's he buying?
And he said gold and silver and maybe a little bit of Bitcoin.
But he said all roads are leading to inflation.
And there's a lot of billionaires that actually, David Einhorn, there's a lot of these famous hedge fund guys.
That love gold.
And people always ask me like, why is a hedge fund trader like gold?
And it's because the thing that people don't realize about hedge fund is that yes, you hear about these famous ones that go up 20, 30% every year.
But actually a lot of the reason people get a hedge funds is actually to protect the downside.
That's actually a big reason that people get into a hedge.
They want to hedge the loss.
And that's why a lot of these guys love gold because they want to hedge They're riskier stuff.
And so hedge fund guys like gold too.
And I think that was a really eye-opening thing that only happened in the last five or six years of my career because I always just thought it was people like us that just were looking to be safe.
But actually, it's these big heavy risk guys that go, you know what, I'm going to be risky and I'm going to take my chances and I'm going to put 10% here to kind of make sure that I'm protected and I'm going to tuck them away, you know, out of the way.
And those investors, too, also like the idea of gold and they like the control.
They like the control.
These guys, some of them buy gold mines and different things, but a lot of them just buy the same stuff That we sell and a lot of the same stuff with the central banks.
I mean, the central banks, when they do buy, they're buying, you know, more like bars like this, right?
They're buying the real stuff.
They're not buying, you know, ETFs.
They're not buying.
Because when a central bank buys this, they can do a trade with another country, like Russia's doing it all the time.
They're doing trades based on how much gold Russia has.
And sometimes they'll swap the gold and sometimes they'll just say, this is my collateral on a big trade and they'll do business that way.
So that's the interesting one of the interesting aspects of gold that is unique to it.
What about for people who don't have much money at all on a home?
Yeah, I mean, I think silver is your best bet.
I actually have a book coming out that's called Silver is the New Oil and I make a lot of arguments about where silver is going to come in and replace oil in a number of different industries.
But I think silver is The poor man's gold.
And it's so undervalued relative to other things that are out there.
I mean, if you look at it, what commodity could you buy today that's less expensive than what it was in 1983?
And that's the price of silver today.
Silver was at $50 in 1983. It's sitting at $31 and some change today.
So I like silver.
So silver, for people that can't afford gold, I would say silver is a good bet.
It is more volatile day to day.
But in the long term, I still think it's got a tremendous upside just because of all the industrial uses.
Of silver, you know, solar panels.
I mean, the list goes on and all the devices we're on today.
There's just a lot.
I go into more detail in my book, which hopefully on the next time we talk, I'll get it.
Oh yeah, that'll be interesting because I'm always interested in how people who don't have a lot of money can You know, can bargain their way up a little bit.
Well, and also, Rosanna, I will tell you that I did a video about this on my YouTube channel about a year ago, and every year there's like 30,000 to 35,000 old 401ks that people forget about.
They just don't even remember.
They worked at wherever they worked and they leave.
So when people call us, we go, hey, go to this website.
And I can't even tell you how many people have found like 10,000 or 15,000.
One lady had like five of them and it ended up being like 30 or 40,000 somewhere.
And it was a bunch of different ones.
And she put them all together and she bought gold and silver from us.
So there's a lot of found money out there in old 401Ks and people should look for those because they and what happens is, I mean, this is, of course, what happens is it goes into a government, you know, of course.
And then it buys Nancy Pelosi another venue.
Exactly.
And it's like the money sits there and then it's like, and then every year I was like looking at the stats.
I'm like, it doesn't seem like the money's like it could be there.
Maybe it's not there anymore.
Like the money is because people forget.
I mean, people forget there's inheritance.
There's like, they say there's like billions of dollars in inheritance money.
There's old bank accounts.
There's like Billions of dollars sitting in all of these forms that people just forgot about and end up in a government agency and then who knows what happens with it.
10% goes to the big guy.
Exactly.
There's money out there.
Do you think Trump's going to really dismantle the Fed or any of that stuff?
I mean, I know you're a conservative guy.
Yeah.
Financial, not political.
Yeah, yeah.
Are you counting on that or do you think that's just crazy talk?
No, I don't.
I don't think it's crazy.
I don't either.
The issue is what replaces it.
And the problem is that if you just take a step back and go, it's an independent agency.
Yes, Congress is the one that votes in and they decide, you know, like Jerome Powell said, like he made it, you know, they interviewed him.
He's like, I'm not going anywhere because, you know, Congress is the one that, that voted him back in and he's not out until 2026. So you'd have to overhaul the system to determine What the next organization is.
And then the problem is the natural fit would be it would go back to Congress because that would be the party that is actually in charge of the Federal Reserve, in theory.
And do we want Congress to be in control?
And that's the real.
So it's kind of scary what could potentially happen.
If you go back before we had a Federal Reserve, the Federal Reserve started in 1913. If you go back, we had banks.
There was actually like a central bank.
And the problem was, is that there was so much money in different places that as soon as one bank would run out of a little bit of money, there'd be a bank run.
And it created this really volatile market.
And that's why they came up with the Federal Reserve to hopefully stop that.
I think in today's day and age with the technology, you could have more of a central bank if they wanted to go back to that system.
I hate central banks.
I'd like to see community banks.
Community banks.
The question is that the only way it works, in my opinion, is that you'd have to back the currency at least partially with gold.
Right.
Which means gold would go $10,000 an ounce or higher.
And it would be a good thing.
But also the dollar would become very strong and it would be really great.
It'd be great for everybody.
The only thing that I would say that make it feasible is you'd have to have some kind of way for them to dictate that the government cannot overspend.
Because if you just change the Fed and you let them spend, there's no difference.
Nothing really changes, right?
For us to change it, we have to have the currency backed by gold and we have to create a debt limit that they can't go past.
And really, until 1971, we had that system of fixed.
And they'd have to account to the American people who elected them There would have to be total accountability.
And transparency, right?
Transparency, right?
Transparency, yes.
All of these things would work.
But they'd all have to happen.
And then that would really send a signal to the world that, again, we're the superpower.
Our currency makes sense.
We're going back to what we believe in the Constitution.
Like, we're doing the things.
And I always talk about this too.
Well, people that I listen to, they call it Trump-Sara.
I think the idea of having us getting rid of the Fed would be good in essence, but we can't go back to letting Congress control it either.
No, we can't.
So we have to find a system that makes sense.
But I agree with you that I think the idea is that if we can get more transparency, which I think this new administration is really talking about, is like, how do we see what the Fed's doing with their money?
So there's no secret deals happening.
How can we put everything out on the table?
How can we audit Fort Knox?
That's right.
That's never been done.
And we have the right to know why we work so hard and pay taxes.
Yeah.
And the idea is the audit would be good if we have the gold because it would send a message, right?
That we have all this gold.
We're still number one because China and Russia have been moving up rapidly on the list.
When I got in the business, China and Russia were like 10th and 11th in gold ownership.
Right now, they're between four and five.
And actually, I think they're even higher if you factor in all the gold mines that China owns.
Yeah.
Russia is buying every month.
They actually want to quadruple their gold holdings this year alone.
They're buying gold.
So I think the way it would have to work is the US would have to buy gold gold.
Is that why we want to bomb them?
Is that why NATO is wanting to bomb them?
I think it could.
I mean, they control a lot of assets.
It is a big part of it.
It's not just a big landmass.
There is a lot of wealth in the assets they own.
It definitely could be a big part of it.
I don't know exactly all the behind the scenes that's happening there.
But ultimately, I think that the thing that we need to be cognizant of is we need to get back to just kind of focusing on ourselves as a country.
And I hope that is a big agenda that we're sort of pushing towards is that we're not going to get into so many skirmishes and, you know, let's reduce all the military base.
Do we need 85 military bases around the world?
Maybe we need to pull back a little bit and get our debt into a better place.
We should put all those generals to work mining more gold.
I mean, listen, there's no doubt that if we had more gold and we have more, that the countries with the assets are going to win.
I mean, that's really what's happening.
And they're acquiring real estate in the right places.
They're acquiring real assets in the right place.
They're acquiring essential minerals that, you know, lithium and, you know, China controls the lithium market.
I mean, they're controlling the assets.
They're not even worried about the noise.
They're just controlling assets.
And I think that's today what I really talk to people of all ages about is like you got to have some assets that you own.
And, you know, some people own homes.
That's why I asked you that.
How can your home?
How can your home serve you in a financial way?
You know what I mean?
Yeah, the only stuff like that.
Yeah, I never tell people that their home is An investment.
Because at the end of the day, unless you're willing to move out of your home wherever it is and move to Guam or somewhere that's really affordable, you're probably going to want to stay there for the majority of your life.
So you're really never going to get asked the value of it.
So the only thing you're really doing is you're locking in a mortgage That you can afford.
And that's not going to go up over time.
That's really the only thing.
Everything else is going to go up.
The labor to fix it.
The electricity is going to go up.
All those things are going to continue.
But you lock in that rate.
But if you have a plan and you're living in a place and you go in the future, yeah, I'm willing to move to Costa Rica or I'm willing to move.
Yeah, you could sell it and take some of the profit.
But most people, in my opinion, want to stay in the house until they're going into the ground, right?
Right.
I know there's reverse mortgages and all that stuff and I would totally avoid all that stuff.
I would always look at you growing an investment and I would take your home out of the picture completely.
I would just say it's just there.
You need to live somewhere and do it.
But you got to look at your other stuff that you're doing.
That's how you grow wealth.
The home is just where you're going to hang your hat for hopefully your whole life.
And then hopefully your kids like you and they take care of you and they don't kick you out of the house.
So that's what I would say.
I think it's an interesting time.
At Noble Gold, we really focus on education.
That's the thing I've done in my whole career.
When I opened my own company, what's different?
I said, I want to educate people on this.
I don't want them buying rare coins.
I want them buying bullion.
I want them getting the most bang for their buck.
And that's really what we've done.
We're an American company.
We employ 40 people here in the United States and we really focus on the customer.
It's not a buy.
I'm going to look into more silver myself because I'm always buying silver.
Silver is great.
Yeah.
You just need a nice size safe.
That would be the only thing I would say.
But yeah, if you already have some gold, it's a good compliment, I think, to both.
And what I think is going to end up happening is I think that silver, I think it breaks 60 in the next few years.
And I think it could keep going, but I think what a lot of people are going to do is At 60, they'll probably sell, maybe buy gold and go into the safe thing.
But I think we're poised for a big run because gold broke through its all-time high about a year ago.
Silver's still creeping in the 30s.
So I think there's a lot of room to grow there.
Obviously, I don't have a crystal ball.
I don't know for sure.
But that's what a lot of our clients believe.
That's sort of where I've been investing.
I think it's going to serve people well in the future.
I love that you came on and gave us some good things to think about.
We want you to come back when your book comes out and tell us more.
Thank you.
We need to get educated and my audience really needs to get educated because people don't understand how closely tied politics is to gold.
I want them to know that and all precious metals.
Of course, all wealth comes from land.
I want people to get a good economic education here.
I thank you for coming on and beginning teaching us.
Thank you very much.
Thanks, Roseanne.
Thanks, Jake.
I really appreciate you guys, too.
It was fun chatting with you guys.
No, I do.
We'll have you back.
Like I said, this is something we bring to people because we feel it's important.
Hopefully, this relationship moves forward.
I mean, we think you're very bright.
I want to tell people you can go to Roseanne.
I love the hope that the dollar can come back because you can't ever count the dollar out.
I mean, bricks and all this stuff.
I don't ever think they can count out the dollar.
Do you?
I hope not.
I mean, there's some other things to talk about with Trump that I didn't get into.
But the one thing that really makes me happy is that he really has said he's against CBDCs.
And that was really important because I think the current administration was sort of leaning in that direction.
And there's the Fed pay and a lot of this stuff happening.
But CBDC is a way to steal wealth.
What is the CBDC? What is that?
It's central bank digital currencies, which they've been hinting at.
And I think that's what you were talking about, Roseanne, is that they've been talking about this, but that's really a way to steal wealth from us.
And we've had it happen before.
I mean, it happened in 1933. A lot of people lost wealth with the exchange there.
It's just a way to pull wealth.
2008, too.
2008 just evaporates.
Yeah, 2008 is a great example.
You know, all those executives walk away scot-free and everyone else, regular people, like they didn't get any protection.
The only protection was for the banks.
Right.
And so, yeah, I think these measures, you know, and that's the thing is like, Before inflation was reported at 9%, I would always say that inflation is sneaky and it subtly steals away your wealth.
And then when it hit 9%, it wasn't so sneaky anymore.
It was right in people's faces.
And I think today people are seeing it and they're more aware that, wow, inflation is like, wow, look at the cost.
I was talking about meat and all these things we buy day to day.
Things have really skyrocketed over the last five or six years.
And you know, it's all, it seems, I mean, my opinion is, you know, all they do is hunt for big piles of money and go there and take it.
Correct.
You know, these people, and people don't understand that all government, particularly ours, that's just the front office for business.
Mm-hmm.
And so we have to have a way to educate ourselves as to, you know, put our American ingenuity to the test to make something better happen for the working people of this country.
A hundred percent.
And I agree with you what you're saying about government.
And it's interesting when you look at, you know, millionaires in this country and you look at the places that millionaires are in like California and New York and Texas, there's certain places.
But then you look at Washington, D.C. and you think to yourself, what do they make in Washington, D.C.? Like what are they making there that there's millionaires?
They're not making anything.
It's right.
You know, it's everything around the government.
That's how people, you know, it's all these consultants and these politicians and everything around Washington and all those areas is all around government.
They're all just taking money from government.
And that's why...
That means the taxpayers.
That means the taxpayer.
And they're just literally...
I mean, listen, you want a guaranteed way to find a way to make a million bucks?
Move to Washington.
And listen, you might not like yourself, but if you're just money-driven, there's money to be...
You get in those circles, and it's dirty money, and people are going to do it, but there's money there because there's money around that world because they siphon so much from us.
There's so many jobs created.
And so you look at the whole country, and it's like, for us to grow as a country, we need people producing things.
We used to produce.
The people and millionaires in Washington are not producing anything.
They're just taking the money that we're paying in taxes.
So I always find it interesting when people talk about millionaires in this country and it's like you have all these entrepreneurs and tech and all these people that are creating things or farmers or people in manufacturing that are actually doing things that we need and then you have the people that are just taking the money that we've already paid to the government and they're just siphoning it off.
They take public money and put it into private pockets with their fake representatives that nobody really knows what the hell they're doing.
No one knows what the hell.
Exactly.
I want to break this down with you because I feel it's really important.
The American people are treated like sheep.
And they should not be because we own this country.
We own this government.
It doesn't own us.
And it's a huge flip.
What you're talking about is a huge flip.
It's the beginning of conscious awareness of how things work.
And so we don't need to sit there and cry and be victimized by it.
We need to take control of it.
First in our lives and then together, this government that thinks it owns us.
Absolutely.
And the banks, too.
I mean, I can't even tell you how many times in my career where we had a client that would go to the bank and say, I want to wire Noble Gold, $100,000.
And the person in the bank would be like, who are they?
What are they doing?
They talk them out of it.
That's stupid.
Don't do that.
And I can't even tell you in the last year or two how many people that send me notes that said, I'm so happy that I did it.
I went with my gut.
And I got the money out of the bank, which is not paying anything.
And now they've seen this massive growth in their wealth.
And it's because they had a gut feeling that, you know what, maybe I don't need- They wanted to be away from the gatekeepers and be free.
And so many people have said to me that when they do this stuff, it's like when you open the account, you put them, they're great.
But as soon as you're ready, and even though it's your money, but as soon as you're ready to move it in a way away from them, it's almost like they think it's theirs.
Yeah, they do.
And that has happened.
I mean, I've had them try to block wires to us.
I've had them, I saw a file where they tried to find stuff out and there's nothing to find.
I'm a married guy with a bunch of kids and And they, like, were trying to, you know, sort of blackball me to this client and say, like, who are these guys?
And you don't know where they are.
And, like, really try to damage me to get the client not to send the money.
And actually, funny enough, as you probably know, probably just like it would do to you, probably piss them off and they just went the opposite direction.
And they ended up actually sending more money, ironically enough.
But at the end of the day, your money is yours.
And Schwab doesn't own it.
Fidelity and these guys, they don't own it.
You worked hard for it.
You should decide what you get to do with it.
Right?
Absolutely.
Well, maybe when Trump gets rid of income tax, people will be able to buy gold and silver and other precious real wealth.
I hope so, too.
Do you love that?
Do you love that he says that?
Oh, yeah.
I mean, he took the overtime, the tips.
He was just kind of feeling it out to see what the response is going to be out there.
But I think he's going to go farther to try to reduce taxes.
You know, those were obviously great and good talking points, but it's not that much money.
Overtime and tips.
I mean, it's not enough, I would say.
Well, taxes are damn near 30% of what you make.
Income taxes.
Yeah.
He's talking tips and stuff.
I was talking Tish.
I know.
I know, but I mean, I hope he does it.
I think he will.
I think he's going to, too.
Yeah, I think he's going to go even farther.
It's like the 200% tariff he's talking about doing on imports of cars.
He always throws something out there and he's going to see, because at the end of the day, a lot of this stuff is a negotiation, right?
He's going to negotiate with Congress.
He's going to negotiate with China.
I mean, we're just at the beginning.
Yeah, it's exciting.
We want you to come back and keep us informed because I'd probably say the majority of the people who listen to me don't know any of this.
I'm happy to come on and maybe next time we can dive in.
Maybe people send you questions.
I'm happy to go on.
That'd be great.
I will ask them to do that.
Last question.
I know we got to go, but do you think we are going to go back to the gold back standard?
Do you see that happening?
Yeah, we are.
I think he could.
I definitely think it's a possibility.
I think that- Does that benefit us as gold if we- Yeah, 100%.
It does?
Yeah, absolutely.
Because the government's really tried to focus and even mainstream media has tried to tell people to not buy gold for a long time because they want you to be in derivative investments.
That's sort of what you're talking about, Roseanne, I think.
It's all these derivatives of things.
Why can't I just buy the real thing?
And so that's what we do.
And yes, going to a gold-backed standard.
I mean, Ron Paul just came out, I think a few days ago, said gold hits 10,000 if we go to a gold-backed standard.
So yeah, I think it would help the price.
It would just send a message that this is money again, like it's always been.
And that will aid in rebuilding every community in this country.
And making it great for the taxpayers and the people who live here.
Maybe it is a good investment if that does happen.
Then by now you could see Yeah, I mean, I think there's a million other reasons even beyond that, that I would buy gold.
But yeah, I do think it would be parabolic if that were to happen.
But yeah, no, I'm excited to be on with you guys.
And I think it was a fun, lively conversation.
And I love talking with open-minded people that are willing to get new ideas.
And so a big fan of your show.
So I really appreciate you guys having me on.
For those of you who don't know, Noble Gold is a great company.
We have your own URL, mom.
It's rosannbargold.com, code BAR, B-A-R-R. But you can go there.
I don't know if you want to tell them what they can do.
They can just ask questions, call you.
Yeah, call and say you heard us.
Talk to somebody.
Like I said, everyone was trained by me.
We're low pressure.
We want to build relationships.
And we have people of all ages.
Even my father, who's almost 80, works here.
He works a few hours a day because, you know, he's a terrible golfer and he doesn't know what else to do with his life.
So, you know, it's just like, you know, we just like, we talk to people and we answer questions and everyone's, everyone owns this gold and silver that works for us and they're just going to talk to you about it.
And I would say just call and talk and have a good conversation and get to know somebody.
And that's, that's really- Yeah, get to know how things really work.
It's really important.
Ask a lot of questions.
And if you're interested, you know, rolling over, you can roll over your IRA, your 401k, rosanbargold.com.
You can actually put yourself in a really, really good position.
So we didn't just bring you here because you're a handsome gentleman.
We brought you here to protect our audience as well.
So please look into it.
And thank you very much.
Thank you so much.
▲
Export Selection