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March 6, 2025 - X22 Report
54:05
Collin Plume – Founding Fathers Knew,Gold Keeps Government In Check,Golden Age Is Not Just A Saying
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Let's talk about protecting our wealth.
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Hi, and welcome to the X22 Report Spotlight.
Today we have a new guest, Colin Plume.
Colin has over 15 years' experience in property insurance, commercial real estate, and precious metals investments.
He is well-versed in finance and economics.
He helped investors guard their wealth during the last recession, aligning clients' interest in retail shopping centers from California to the American heartland by making sure they averted financial ruin.
He joined a precious metals firm and soon rose to be one of the top brokers in the U.S. with more than $28 million in sales in one year.
He's the president and CEO of Noble Gold Investments.
And I am very happy and honored to have Colin on the X22 Report Spotlight.
Colin, welcome to the spotlight.
Dave, thanks so much, yeah.
And thanks for the bio.
I think the bio, it's a little data, and now it's 20 years.
Yeah.
Well, we'll keep it, you know, 10, so that sounds really good.
Younger, which I like, so I appreciate that.
Yeah.
So, I mean, a lot of people today that are looking at the economy, they see Trump, you know, he's doing a lot of different things.
And a lot of people are confused.
Oh, tariffs over here.
They have Elon saying, let's go audit Fort Knox.
They see Bitcoin.
They see gold.
Gold is moving up.
So there's a lot of things that are happening.
And I think...
People really don't understand where everything is going.
I don't think this is business as usual.
I think things are about to change dramatically.
And I've been talking about it for quite a while.
And I just want to go back a little bit in time.
time, since you're the expert on all this and you know about gold and you know about, you know, investments and the economy, I just want to go back a little bit in time to the birth of this nation and to our founding fathers and what our founding fathers, you know, what they established when they actually created the country.
And I do believe this would be like gold 1.0.
We're on the gold standard.
They put it in the constitution.
And why did the founding fathers decide to go with gold?
Simply put, they wanted a way to keep the government in check.
They wanted a way to make our currency strong, which helps everyday Americans.
It makes your buying power strong.
It allows you to keep up with the cost of goods.
So they tied it to gold, and gold was used in currency.
And gold has been used in currency for thousands of years.
So it was the logical choice.
Obviously, we'd come from being controlled by Great Britain.
There was taxation and inflation happening there, and we pulled away from that.
And it was important for us to have a currency that kept our government...
In line.
And that was, I think, simply put, that's why we were on a gold standard for a long time.
And many other countries were, too.
But in modern times, we went away from it, which has been proven to not help regular people or the average American.
It's detrimental, and we've seen the effects of all the inflation.
In 1933, gold was money.
We were using currency.
We could use both.
It was interchangeable.
And this created a much more stable currency and allowed more growth for average Americans.
President Trump, he keeps mentioning the time of McKinley when McKinley was using tariffs.
There was no central bank.
We were on the gold standard back then.
And during that time period, 1870s to...
About 1900s or so.
I mean, we had very low inflation and we saw rapid industrial growth.
Now, he wants to go back to that.
I mean, that's what I'm assuming.
That's why he keeps mentioning it.
So as we move forward from where we were to now and Trump saying, okay, I'm placing tariffs, which he's already done, 25% on Canada and Mexico, 10% on China.
Where do you think he's trying to bring us?
Is he just placing tariffs on countries just to place tariffs on countries?
Or does he have a plan?
Well, it's funny you brought this up because I... Today, I met with a class.
At my children's school, they do a shark tank where the kids there, they create a product.
I've been doing this for four years at the kids' school.
Today, it was great because I was going through my presentation and I'm helping them come up with some ideas.
One of the things I got to talk about was tariffs.
These are 12-year-old children.
None of them knew anything about tariffs because We haven't had any tariffs in this country for a very long time, but I got to explain the idea because they're going to be creating products, and I've been doing this for so many years that these kids create these products, and so many times they would do their presentation and say, well, we would make it in the U.S., but we're not going to make it in the U.S. We're going to make it in China, or we're going to make it in India, and they would verbatim say, we're going to make it over there because we're going to save money.
It's going to save money.
I think fundamentally is something that we've grown accustomed to, that we're used to just having products made in China or in Mexico or in Canada or other places, and we think that it's better because it's cheaper.
And what McKinley believed, and obviously when McKinley was in office...
Also, we didn't have taxes.
We didn't have, you know, federal taxes.
You know, we were able to cover and we had growth in this country without taxes.
So I think what President Trump, his goal is, you have to go very aggressive to get people thinking about buying products here and manufacturing products here because it's been so long.
I mean, basically, you know, 70s and 80s.
We moved everything.
We just started moving everything because we thought it was better to buy things with cheap labor overseas.
And I think that the blue collar and the average American really ended up paying for this by losing purchasing power in their dollar.
And also losing jobs and losing opportunities.
So I think what President Trump's idea is to be very aggressive to get people thinking about buying American.
And what I told these kids, and one of the kids asked me, is it bad if I want to make my product in China?
I mean, that's what they asked me.
And I said, it's not bad.
It's just that...
For people that are business owners, people that understand the economy, we want to make products here.
It's better for us.
You create jobs, you create income, you create tax that we have in this country.
And so I think the idea is to get people trained into thinking buying American again.
And it's not going to happen quickly.
It's an inflationary idea of doing tariffs.
And it does make things more expensive.
And I explained that to these 12-year-old kids.
But one of them said something interesting.
He said, well, does it help with our government?
Does it help grow the government?
And that's what Kinley believed.
And I think part of what Trump's been talking about is this idea that the tariffs could cover our tax, which I don't know if the numbers actually work out that way, but the idea that our taxes could be lowered because some of the tariffs, I think, is a very popular idea.
And I don't know anyone that doesn't want lower taxes.
Since we're talking about inflation and you mentioned inflation with tariffs, how does gold fit into this?
Does gold protect you against what we've been saying?
Because when I look at inflation, and I go back to the 70s, and you know they talk about inflation, oh, it's 2% now or 3% now.
Inflation is really cumulative because even if you drop inflation to zero, we don't go back to 1971 prices.
So does gold protect you against inflation?
Yeah, I think gold has been a great hedge against overspending.
It's been a great hedge against all the free money that's been put out there.
Obviously, the last 20 years, but a lot since...
2020. One of my oldest clients would buy gold for me, and he would always just say, it's like buying insurance.
And he would look at it very similar to his homeowner's insurance.
And every year, the homeowner's policy would come back, and it would cost a little bit more money to rebuild his house.
In today's environment, it would cost a lot more money to rebuild his house.
But in those days, 15, 16 years ago when I started, You know, it would go up three to five percent a year.
So I think that the idea of having something that is in limited supply will typically do very well when inflation is here.
The tariffs will affect gold prices and silver prices in this country because they're not excluded from tariffs.
So the Royal Canadian Mint...
Which we buy a lot of products from.
It's a very good mint.
They said that their coin costs in this country are going to go up by at least 25% or 30%.
There's not enough manufacturers of gold and silver products in the U.S. to cover at this point.
So the cost of the coins and the bars and everything is going to go up with this inflation because there's just not enough.
You know, enough gold to fit in, you know, three Olympic-sized swimming pools in the whole world.
So I think anything that has a limited supply that is hard to replicate is going to go up.
So, you know, I think in the short term, housing has had a problem.
But if you look at the cost to rebuild, it's still going up.
The cost of labor is still going up.
The cost of lumber.
So these things that are necessities.
I think we'll go up in any kind of inflationary environment.
Things that we don't need that aren't necessities are going to hurt.
And I think we're seeing that in the economy right now.
We're seeing things that are superfluous or not necessary.
People are buying them.
And that's why we're seeing the stock market having some issues.
Because a lot of the things that people just want, they're not going to be important.
They're not going to be able to afford it.
But gold is a necessity and it's necessary.
I do think this is a new golden age, as Trump has been saying many times.
I mean, he's used the gold reference in so many different ways.
And now we're talking about doing an audit with Fort Knox.
But I mean, this gold card where people can move here and get a visa for $5 million, he's calling that the gold card.
So gold is a part of him.
It's something he believes.
All of his hotels have gold, his apartments.
He's been a believer in gold.
The only reason he hasn't really pushed this idea of gold and going back on a partially gold-backed standard is I think he doesn't want to tip his hat to what's happening out there because he just doesn't want so much of a rush into gold.
And then obviously this audit that's going to happen pretty soon will bring gold into focus for a lot of people also because we haven't done a full audit since 1953. I don't know if you have any sources or anything like that, but the Fort Knox audit, I mean, Elon, I think someone contacted him and said, hey, we should audit Fort Knox, and then all of a sudden it took off, and then Trump said, let's audit Fort Knox.
There are those who say that Fort Knox has nothing in it.
There's nothing in it.
Others are saying that they don't want an audit because there's extra gold in Fort Knox.
Gold that, you know, they, I guess, put in there or took back in the 30s from all the...
Coins they collected and everything.
So what do you think is in Fort Knox?
Well, first thing, if it's what was in there when they did the last slide, the first thing to know is that the bars are not bars of today.
They're not the same purity of today.
Because the coins we had in circulation before 1933 were all 22 carat.
And a little bit less of gold.
So when they got those coins back, they melted them in the bars.
They call them coin bars.
And so the bars that are there, if they're there, are 90% gold.
Today's typical COMEX or LBMA or any of the big institutions, all that gold is 0.999.
So the gold that Fort Knox has has 10% less if it's the same gold.
They haven't done a full audit in a long time, which obviously gives people a lot of pause.
And also, the value that they've given gold was set in 1974. So basically, they did a partial audit in 1974, about 5%.
They valued the gold at that time for $42.22.
They haven't revalued the gold since then.
They're going to revalue the gold.
It doesn't make sense that it's valued at $42.22.
The question is, what number will they revalue it?
I think they'll revalue it at...
It would make sense, if all the gold is there, it would make sense for them to do $4,000 an ounce.
We're sitting at $2,900 and some change.
The reason $4,000 would make sense is that $4,000, based on the amount of tonnage that we have there, that would equal $1 trillion in value.
Which would kind of give them a nice base of where to set it.
Also, gold's been going up 8% to 15% a year, so they wouldn't have to do an audit for a while, right?
They could just do the audit and then be done with it.
So I think they'll go a little bit higher than what the value is.
But that being said, even if they go at today's value, you're looking at, you know, about close to $800 billion in value sitting there.
And yes, there's been a lot of speculation that either it's not there or that we've lent it to somebody else.
So it seems like there's something happening, but it will, whatever happens, we have it, we don't, it does put gold at the forefront of what we're talking about as a country as one of the assets that we own and one of the few assets that we own that doesn't have any debt.
That we actually own by itself.
So people are excited to see this.
I've been calling for this audit for the whole time I've been in the business.
Ron Paul, Rand Paul, all these people wanted it.
I think it will bring excitement to gold again.
Will they do a gold bond against gold?
Will they just revalue it to show how much we have to add it to our balance sheet?
I mean, these are all the things that are going to happen.
But ultimately, Doing this audit, putting it in the forefront, I think will be beneficial to people that own gold, believe in gold.
And it kind of shows that we're really taking stock as a government of what we really own.
We're trying to sell a lot of the real estate that we own, a lot of these buildings, but I don't think in this environment we're going to do great there because a lot of these offices, you know, offices are very decimated segment of the commercial market.
So I don't know how dumping all this real estate is going to work for us.
But we're trying to get our balance sheet back in order.
And I think that's ultimately the agenda that he's trying to accomplish.
Why do you think they didn't revalue the gold?
Why did they leave it at $42?
That's a good question.
I think that it got value.
At that time, it was worth $42.
And I think that what happened was that...
Every article that I've read is that they didn't want to do the expense of doing the audit, that they didn't want to spend the money, that they didn't believe it was important.
And since I've been in the business, there's really been this belief out there that gold isn't important until the last few years.
I mean, the last year and a half, gold's up 46%.
And until it's outperformed the stock market the way it has.
I think that it's been almost tossed aside like a relic.
But now that we're so far in debt and we're really taking stock of what we have as a country, I mean, we're really in a terrible position.
I mean, our debt obligation is interest is $1.4, $1.5 trillion per year.
So I think it's part of this whole doge and transparency idea that we're going to revalue it.
I also think that so much of what's going on with the government has been tied to helping the stock market grow.
And, you know, that does help a good amount of people.
But ultimately, gold being a rival to the stock market is not going to help the stock market.
That gold is outperforming the stock market over the last year and a half, it doesn't bode well.
And so I think the government's tried to downplay gold.
But now with inflation the way it's been and inflation's at 3%, it's so sticky.
All the central banks, you know, the last three years, central banks have bought over a thousand tons of gold for three years in a row.
That's never happened, ever, in the history.
So now it's sort of like it's out there, people are talking about it, and now the audit makes sense.
And I think Elon Musk kind of pushed this issue.
You know, let's see what's in there and make sure we actually have any gold there.
Since they're pushing this idea of auditing the gold, I feel like everything that they're doing right now, where they're trying to shrink the government, right now they're exposing a lot of waste and fraud and everything like that, and then going to tariffs, then drilling for oil, reducing energy costs.
It seems like he's setting us up for maybe a parallel economy.
Because on one side, you have the fiat...
We the people...
They take our wealth to fund and pay back the money that's borrowed.
His economy that he's creating, the funding will come from the outside.
Let's talk about protecting our wealth.
Noble Gold Investments Alert.
Gold has surged 46% in less than a year, doubling the gains of the NASDAQ and S&P 500. But this isn't just another rally.
Global reserves are shifting, exposing cracks in the monetary system.
Investors are losing confidence in paper gold and demanding physical metal, creating a massive gap between gold owed and gold available.
But this isn't about how institutions broke another system.
It's about how you can profit from it.
Right now, Noble Gold Investments has a limited supply of investment-grade gold bars and coins available.
As banks scramble to fulfill their obligations, pushing gold prices higher, you can profit.
Smart investors are already moving into physical gold.
Noble Gold Investments makes it easy for you to do the same.
And right now, you can make a qualified investment.
Noble Gold will add a free 10th ounce gold coin to your order.
Don't wait until it's too late.
Visit x22gold.com now and turn their panic into your profit.
That is x22gold.com or just click the link in the description.
There's always a risk of investment and there's no guarantee of any kind.
Hey listeners, if you're in need of trusted medication like ivermectin, hydroxychloroquine, amoxicillin, look no further than ReliableRxStore.com.
Your reliable online pharmacy for high quality generics.
Not only can you save up to 70% compared to brand name options, they can guarantee swift express shipping that's discreet, ensuring your medications arrive quickly and privately at your doorstep.
Ordering online requires trust and they take that seriously.
That's why they're offering privacy-focused packaging, secure payment options, and a dedicated customer support team that's with you every step of the way.
They're committed to making sure your experience is seamless, safe, and private.
And here's a special offer for everyone that's listening.
If you use promo code X22 to get 10% off your order, plus spend over $299, they'll throw in free shipping, making it easier than ever to get the medications you need.
If you can't find the medication you're looking for on the website, no worries.
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And that will fund the smaller government and energy will be a lot less where we can bring manufacturers back.
When you start to look at this and you step back for a second and you take a 40,000-foot view, it looks like he's trying to set something up where we can detach ourselves from the Federal Reserve because, I mean, he even talks about removing taxes.
You know, no tax on tips, no tax on Social Security, no tax on overtime.
I think eventually it'll be no income tax.
But it seems like we're moving into, and he says it many times, and you said it before, the golden age.
I think it's gold 2.0.
That's where we're moving right now.
And what's very interesting, you said, let's value the gold at $4,000.
When you look at, I don't know if you ever looked at the usdebtclock.org, they actually have the value of gold, if you use the calculation, remove the paper and all that stuff, it's at $9,000 per ounce.
So I mean, that to me seems a little bit more realistic than $3,000 since the value of the currency has come down 98% or so.
Yeah, 98% of our purchasing power since 1930. And I think tying the dollar to gold would prevent reckless money printing, inflationary policies.
And that's why gold is in the Constitution.
I mean, it makes sense that we would do this.
And I think that we've come to such an unbelievable tipping point where the spending has gotten so out of control.
That it's really the only way to keep politicians under check is if you have something holding them to it.
Because there's a reason why when you look at most of the politicians, they never talk about our debt.
They never talk about our currency.
They just talk about either government programs or...
Tax incentives or whatever direction they're going to go that appeals to the people of time.
But they never really focus on the issue, which is that a gold-backed currency forces the government to live within its means.
It limits excessive spending and debt.
And they don't want to put that image out there.
They don't want to talk about it.
It's too hard of a problem for a politician to...
I think the gold standard also, it would reduce our reliance on foreign lenders.
China, you know, China has at least eight or nine hundred billion dollars in US debt.
So going away from this system where we're just relying on these bonds and having more manufacturing here and being more self-reliant.
I think that would help us long-term.
And just limiting the power of the central bank.
Right now, we're all paying for the mistakes of Bernanke and the Fed chair from the early 2000s, in my opinion.
I think most of the problems today stem from after 9-11, cutting rates, which I understand for a short period, maybe you cut rates.
But not allowing rates to come back to a normal place has created this unbelievable real estate bubble, this commercial and residential bubble.
I don't know if you saw this, but January was the lowest sales of residential homes in like four years.
And it's because the market is like we're living off the cheap debt.
Like the only way people will buy now is we're just...
Accustomed to a 3 or 3.5% mortgage.
It's not a normal market anymore.
So the prices have just gotten too high and people can't afford it relative to their income.
And that was just because housing prices went up strictly because debt was so cheap.
And so getting back to a system where we have to control things and the Fed isn't able to manipulate.
The way that it is allows for a more normal economy.
It allows for people to live between their means and put money in the bank.
I mean, I've been saying for years that the economy we've built over the last 20 years only helps people that are just going in tremendous debt and know how to use that debt.
But for regular people that just buy things, the economy didn't make sense.
And I think that's a recipe for disaster.
I think that most large economies and most large countries over the last few thousand years from Rome, you can go all the way back.
Most of them have fallen because of the overbloating of debt and devaluing of their currency.
I mean, that's why most countries fall apart.
And I think we're potentially in that same situation that we have too much debt, we've eroded our currency.
And so now we need to get back to sort of normalcy.
And that's why using gold and making gold more of the forefront of this keeps some restraints on politicians and the Federal Reserve.
Do you think that we can go back to the gold standard?
Well, I think you'd have to do it partially.
I know they've talked about doing a crypto reserve.
The problem with crypto is what's happening right now that it's so volatile that the gains can be wiped out in an afternoon.
With everything that you've seen going on with gold, and typically with the dollar being stronger the last two to three years because of higher interest rates, gold would typically be going down in value, but it's actually gone up.
In value.
So I think that you couldn't, there's too many dollars out there.
You couldn't back it completely by gold.
I think if you did even partially back it by gold or do something like what the brick nations have been talking about is having like a partial backing, prices would skyrocket.
But it would be, you couldn't back every dollar in today's world.
And I think it would create a new economy in that it would create some pandemonium in some of the credit markets and also some of these contracted gold markets.
And we've seen that.
I mean, we saw it in London where people wanted their gold.
They wanted their contracts.
So they started shipping their gold from London to the US and then the London exchange ran out of gold.
And they told people you're going to have to wait.
These were contracts that people thought were actually there and they were not there.
So I think that the idea of going to a little back standard is really good.
I think we will in some way indirectly or partially go back.
But we'd have to reduce the amount of currency to a much smaller level to be able to back every dollar.
But even backing it partially, I think, would add value to the dollar.
It would make countries feel more confident in us and our debt.
They'd feel better if we had a stronger currency backed by gold.
And I think a lot of nations would stop selling our bonds if we were backed by gold.
Because the world, over the last five to seven years, has just been selling our treasury bonds.
And the last three years, they've been selling them and buying gold.
But they've just been dumping our treasury bonds because they just don't feel confident in what we're doing.
They think we're going to collapse.
So I think having gold backing it would send a great world, especially to the places that are growing.
China, India, all these countries that believe in gold.
Russia, all these places, they buy gold, they believe in gold.
So if we backed our currency again, we started to be buyers of gold.
It would send a real message that we're a strong country and that we're going to figure a way out of this depot.
So how would that help everyday people?
Right now, in the very beginning of this interview, we talked about how people have lost their buying power.
Would this help people with their buying power then come back if we're partially on gold?
Yeah.
Well, the proof is in the history.
And I think that if you look at from 1950 to 1970, Really, the middle class was able to build tremendous wealth in that the wealth was in the lifestyle.
From 1950 to 1970, if you look at what it costs to live, what it costs to buy a house, what it costs to day-to-day live, it was not unusual to have one person, typically the father, working and the mother at home.
That was the standard.
Because we were still in an environment until 1971, which we completely got off the gold standard.
We were still in an environment where we had to be somewhat responsible because we had a backing of gold.
So it created more normal wealth for us in this country.
People were able to buy houses.
People were able to retire.
We created Social Security because we wanted to get people to retire.
Because we needed to get young people to work again.
Now we have Social Security as a necessity.
I mean, these people can't afford to retire.
So they need to have a little bit of a cushion.
So I think it would create an environment where our dollar is stronger, that you could put money, you could save money again.
It would make sense to save money.
It would make our goods very valuable.
I mean, when we became the world's reserve currency in 1944, we had just done an audit a few years before that.
We had had at one point 20,000 tons of gold.
So we had about 80% of the world's supply of gold.
Three years later, we become the world's reserve currency in 1944. So the strongest wealth in the middle class, and I would argue probably for our country.
Happened at that time, from 44 to, you know, early 70s.
And that was always when we had gold as the forefront of our country.
And we were the dominant superpower.
And we still had dominance in the 70s and 80s, but when you saw it, it shifted.
We became so debt heavy and we were overspending.
And then we created these boom and bust cycles where every...
You know, six to eight years, we'd have this unbelievable crash, and a lot of people would lose a significant amount of their wealth.
So I think it would just create more of a steady economy, a stronger economy, and it would make the government more accountable to the people.
Yeah, I mean, to your point, when you said, you know, between the 40s up to the 70s, people, you know, they had a lot more buying power.
And you can see that today because you see the kids today who are graduating college and they say, wow, you know, today I can barely afford, you know, an apartment.
I can barely afford a car compared to my parents or my grandparents where you had one person working.
They were able to raise a family of four or five and they were able to live their life.
Today, these kids, they're going to work.
They barely have enough to pay for the rent, their car.
And that's all they can do.
So you could see how it really, the entire financial system, the fiat currency, you could see how it's destroying people's lives and how it's declining rapidly over time.
And now I think people are really feeling it.
And I think this is a very good time to go back to gold.
Absolutely.
Yeah.
I mean, if you look at like buying power, they just came out with a study that said that the average home buyer today is 56 years old.
If you go back to the, you know, the 40s to the 70s, the average home buyer was late 20s, early 30s.
So that just tells you, I mean, because that person in the 20s, you know, in 1940s, they were still building their life.
They weren't at the peak of their earning potential.
Now, someone's nearing retirement, or maybe not nowadays, unfortunately, but they're 56 years old, and that's the average.
And that really shows that the buying power of our currency has evaporated so much that people that are growing and building can't afford to buy real estate.
And it really is a lot to do with the asset economy that we come into.
As much as the World Economic Forum and all these things have tried to...
Brainwash people into thinking that it's important to just rent and that you don't own things.
If you see the majority of wealth in this country, it's people that own real estate, that own precious metals, that own things outright, that don't have debt behind them.
That's a great way to build wealth.
I think it's really shifted a lot over the last 50-60 years.
And, you know, these trade wars, you know, we're going to...
In the end, I think, you know, in two to three years, I think we'll see some upside and it'll be good for us.
But in the short term, there's going to be economic uncertainty now.
You've seen NVIDIA and some of these companies have really rough days in the market.
So I think we're going to have some...
Some turmoil.
Warren Buffett has sold more stocks than he's ever sold in a 12-month period.
So I think there's some industries that are going to have some issues in the short term.
And then hopefully with all the big change, we'll see the real growth behind it.
But I believe this year, the next two years, is a high growth, high inflation.
I think that's what President Trump believes in.
It's like, shake the tree, make some big changes, go for high growth.
But with high growth, there's a cost behind it.
And every business owner has this.
We have to spend money to make money.
And I think the byproduct of that is going to be inflation.
And gold is going to do really well.
And I think silver, too.
I think silver is undervalued.
I've seen people talk about...
$100 or $200 or $300 an ounce, and obviously I don't know where it'll go.
But there's not many commodities in the market today that are lower than their 1983 price.
And so silver sitting at $32, $33.
I also think with all the industry and everything changing, it's a pretty in-demand environment.
Last thing, too, I would say is interest rates.
I know President Trump is...
Pushing for interest rates to go down.
It's really something that he wants.
And he needs it because the real estate market, they need lower interest rates.
But, you know, we have to be careful is that if we lower interest rates too fast, could inflation skyrocket?
And so these are things we have to be careful.
Ultimately, I think lowering interest rates, you know, 100 basis points really help the market and stabilize things.
But how do we do it without getting runaway inflation?
So, listen, President Trump, I think he came into a mess that he's going to have to figure out.
But I think cutting spending, you know, getting rates down and focusing on things that keep the government in check, like gold, will help, you know, long term.
You know, during his first term, gold skyrocketed.
It was up, you know, 50 percent from 2017 to 2021. So obviously it was great.
For gold.
So it'll be interesting to see what happens over his last term here.
Yeah, I think a lot of people are surprised that gold prices have moved up very close to $3,000 because I remember going back to 2012, 2013 when gold was like $1,100, $1,200 back then.
I mean, no one could ever imagine it would be at $3,000.
And I think moving forward...
I think people probably don't understand how high gold is going to go because if Trump gives any indication that we're going to be going back to a partial gold standard or just a gold standard, I think it's going to skyrocket.
And what I find very interesting is that people are definitely interested in gold because just look at Costco.
I'm just going to bring Costco up.
They're selling gold bars.
I mean, I don't mean like the full ton of gold bars.
I'm talking about one ounce.
And people are purchasing it.
I think the entire country has changed since Bernanke came out and said, you know, gold is a barbarous relic.
It's only used for jewelry.
I think now people are starting to learn and understand that gold, no, it's real money.
It protects you against inflation and it protects, it keeps your wealth.
And I think the country now is awake to this and they realize that gold is very, very important.
Absolutely.
Yeah.
Yeah, and I think what we found at our company, the gold, is people, when I started the business, they didn't realize you could do gold in your retirement or your IRA.
And I think people today have really benefited from buying gold in general, but also buying gold in an IRA, which not everybody does.
That has really benefited them too.
We've had people that are retiring now and earn significant profits, and they're able to sell the gold in their IRA and not paying a tax.
So having that tax-deferred vehicle like the IRA has been really beneficial and exciting for a lot of people.
And that has been the thing that I've always envisioned since I've been in the business, is that people would get these massive wins.
And we've had.
You know, clients that have tripled their portfolio in metals and then, you know, obviously retired and they need to live and they sell some.
And then, you know, I have other people that for their distribution, they actually take the gold.
So one of the things that people don't realize is in your IRA, you can take the gold as your distribution because eventually the government wants to tax you or get some of their money.
So we've had a lot of people for their distributions take it in the physical gold.
And I think...
More than ever, owning items by yourself is really important, Dave.
And that's the thing that, you know, obviously the government has seized gold in the past and, you know, they've outlawed private ownership and all these things.
But I think it's really important that people try to own items themselves because...
Being in this business and other businesses for so many years, I've seen so many things happen.
You see it in crypto.
You see it in all these stocks.
There's just these scam scenarios where people, they don't own the item.
They own a fractional amount of it.
And the nice thing about us is that you can really just own the whole thing.
And I think owning the whole thing by yourself and not sharing it, not sharing it with a big company or paying annual fees for it.
In the long run, it ends up being a big win for an investor to have some things they own by themselves.
And I'm not saying everything should be in the gold, but owning a few things by yourself that you're in control of, I think in the big picture, gives people a lot of comfort and actually will help them grow their portfolios even more because they're not...
With mutual funds and all these things, there's all these hidden fees that you're paying always constantly every year.
Whether your market goes up or down, you're paying these fees.
And with physical gold, once you buy it, you own it, and that's it.
And I think that's a real benefit to people.
So how does it work if somebody has an IRA, let's say, and I'm just going to make up a number, like $50,000 in an IRA. How does it work if they wanted to add some gold to it?
Do they actually get the physical gold?
Where is it kept?
How does it work?
Yeah, so we do all the paperwork.
We have a team that does it all.
We move the cash or whatever it is into another account and you acquire the gold from us.
We ship it to a depository.
We have one in Texas and Delaware.
And we do it a little bit different.
So when it arrives there, the vault manager will verify your gold and silver, your coins or bars, whatever you acquired.
They verify it.
They take a picture of it.
We send you a copy of that picture.
We're the only company that does that.
And then it's stored in a segregated vault, and it's insured.
And all those fees there at the repository are all flat, which people are shocked by.
But we've negotiated this rate so that no matter if you're $50,000 triples, you're still going to pay the same storage fee.
So it's $250,000 a year to have the metal stored.
And that's regardless of...
$50,000 to, you know, you could have $10 million there.
And if you do the math, having that segregated storage at a flat rate really saves you a lot of money over time.
And then we are there for you.
If you ever have questions, you ever want to sell it, we do all the service on the account.
Obviously, we've been with you for a long time and, you know, you've seen, you know, clients and what they say about us.
But service is really important to us.
So this is all we do is just focus on.
Handling the IRA, being a service to you.
And then later, if they need to sell it or if they want to take possession, they can do that at any time.
But ultimately, we do that for them.
We've been doing that for many, many years.
We're one of the leaders in the industry.
And a big part of it is a lot of the gold companies, once they do the sale, they don't want to take your call.
But we continue to service the account for the life of the account.
And we've had thousands of reviews.
And it's, you know, it's a smooth process.
Customer service is really our bread and butter.
And we really focus on it every day to ensure that we give the best, you know, service to our clients.
Can you also add silver to the IRA? Gold, silver, platinum, and palladium.
You can do any of the four metals.
You can do one of the metals.
It's all insured.
It's all segregated.
So segregated storage means it's all in its own shelf.
It's insured.
I go and do audits multiple times a year.
The depository does audits.
So yeah, you can do gold, silver, platinum, platinum.
Right now, silver has actually been a little bit more purchased than gold over the last six months.
It's about 60-40 silver to gold, which is pretty interesting, kind of based on everything that's going on.
But whatever metal the person wants, we do.
And we only do bullion coins and bars, which have the highest weight and highest purity.
We don't do anything like that.
Numismatic or specialty golds.
Why do you think people are leaning towards silver more so than gold?
Gold presents an interesting opportunity.
If you look at, you mentioned 2011-2012, the silver-to-gold ratio was 30 to 1. Today it's 90 to 1. So if silver, even if gold didn't go up $1, if silver goes back to 30 to 1, Then silver is sitting above $100 an ounce.
So I think people see that potential.
Silver's all-time high.
It's $50 an ounce.
It's at $32.
So I think we're just seeing more demand there.
But gold is, you know, there are clients that only buy gold, too.
It's really a preference of the client.
But we've seen a big surge in the recent six months of silver.
So if somebody wanted to go ahead and inquire about this, what should they do?
How should they move forward with this?
Yeah, best thing to do is call.
We're building a relationship with somebody over the phone.
So calling the Global Investments, mentioning, obviously, that you heard about us on X22. You have a link that they can go to also.
We have a ton of promotions going on for your listeners.
But I would say the first thing to do is get some education.
That's how I really built the business.
Calling in, talking to a live person, not a bot, not a person in another place, someone that's in the U.S., and building a relationship and asking a million questions and checking our reviews and spending time and seeing if it makes sense.
Ultimately, every financial decision is yours.
But the big thing is, I think, learning about Who we are and building that relationship.
We have people from all ages.
Even my father, who's 80, still works a few hours because he's a terrible golfer and he likes to talk to people.
It's a no-pressure environment.
It's just a conversation.
I would say people call and get free information and see if it's the right fit.
Great.
Hey, Colin, I'll put all the links at the bottom of the video to make it a lot easier for people to go over.
I want to thank you very much for coming on the X22 Report Spotlight.
Thank you very much.
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