Jon Dowling Collin Plume CEO Of Noble Gold Discuss Precious Metals The Currency Revelations

➡ Colin Plume, CEO of Noble Gold, returns to the podcast to discuss the importance of investing in precious metals like gold and silver. He emphasizes the security and potential value increase of their segregated storage system, where each investor’s metals are stored separately, ensuring they receive exactly what they purchased. Colin also discusses recent market trends, attributing a recent pullback in gold and silver prices to profit-taking rather than a fundamental shift in investor mindset. He predicts that gold prices could reach between $3,500 to $5,000 next year, based on various bank forecasts.
➡ Less than 1% of people own precious metals, but this is expected to increase as people realize their value. Central banks have a lot of gold, but silver is limited and its price has been kept low. However, the value of silver has been rising, and it’s predicted to continue due to its industrial use and limited supply. The demand for physical silver is increasing, which could lead to a shortage and higher prices in the future.
➡ The text discusses the value of investing in physical silver and gold, especially in the form of coins. It highlights the potential risks of investing in paper contracts or ETFs, which may not be backed by actual physical assets. The text also emphasizes the importance of owning physical assets outright, without debt, as a form of financial security. It suggests that a potential market crash could negatively impact 401ks and IRAs, but owning physical precious metals could provide a safety net.
➡ Michael Burry, known for predicting the 2008 financial collapse, has recently bet against big tech companies like Palantir and Nvidia, suggesting he believes their value is overestimated. Despite advancements in AI, he argues that the return on investment in this field has been disappointing. Meanwhile, the stock market is becoming increasingly concentrated in a few large companies, making it riskier. As a result, some investors are turning to gold, with predictions that its value could significantly increase if more people start investing in it.
➡ The discussion revolves around the future of cryptocurrencies like Bitcoin and XRP, and their potential to be backed by gold or other precious metals. The speaker believes that for cryptocurrencies to be successful, they need to solve a problem or be tied to a productive asset. They also discuss the possibility of a pullback in the value of Bitcoin and the importance of diversifying investments. Lastly, they touch on the topic of removing the penny from circulation, expressing concerns about the potential implications of a cashless society.
➡ The CEO of Noble Gold Investments, Colin Plume, encourages people to consider gold as a private and valuable investment. He suggests having liquid wealth in hand, like physical cash and precious metals. He also emphasizes the importance of education and guidance in making investment decisions. Noble Gold Investments offers free guides and personal consultations to help people understand and invest in precious metals.

Foreign and welcome to the podcast. We are excited and happy to have back the one, the only Mr. Colin Plume, CEO of Noble Gold, who’s returning as our chancellor, channel sponsor and affiliate for all things precious metals, whether it be the retail sector, 401ks or IRA conversions. As you know, they are the official sponsor for x22 and if they’re good enough for him, certainly good enough for us. Colin was gracious enough to support us in the infancy stages of our channel and now he’s been gracious enough to come back. Because of the timing and circumstances. We are honored to be working with Noble Gold and to have him back on again.

He has decades of experience in the precious metals space and the support staff that they have, we believe is second to none in terms of quality and delivery, which is going to become crucial in the near future. Colin, welcome to podcast again. How are you doing? Good, sir. I’m good, thank you. John. No, thanks for. Glad to be back on. I know you’re a big believer and lover in gold and silver and just an amazing. It’s kind of perfect timing too. I just got back from our depository in Dallas and so we, you know, we have IRAs and IRAs do have to be stored at a third party and we use IDS in Dallas.

So I do two audits a year and I go there and I pull out clients accounts and I match the receipt and I count. And so it’s always exciting to go there and to see like the amount of gold and silver the clients have bought. And you know, I watch their process and security and just make sure everything is doing things that it should. And it’s all segregated storage, which is the best. I don’t know if you’ve ever gone to one of these facilities, but the big segregated facility and a commingled facility are much different in that when it’s commingled they just check it and then they put your silver and gold with everybody else.

The problem is that the auditing system is not as good, number one. Number two, if you bought like a 1987 Silver Eagle and you bought that, when they sell metals as people are selling, you’re in a commiggled account. You’re never going to get the metal that you purchased. So if you bought a specific year coin that could be more valuable, you’re always going to own that with our storage at Noble Gold, and that that ends up being a big advantage down the road because some of these coins become very valuable above and beyond the metal price.

And the good thing about us is we don’t charge more for like a Silver Eagle or any of those. They’re still the same price, but as time goes on, investors want to buy them collectors. So having segregated is really the way to do it and to just see the amount of wealth accumulated over the 10 years that we’ve been in business was pretty amazing. And we basically have a little over 2 billion in storage there. And it’s all safe and secure, never had an issue. But it just gets me fired up to see it, to hold it.

I was holding some of the larger bars, there’s some hedge funds that store there. So I was holding a bar, this massive bar, like a huge bar that was worth $10.5 million in gold. So it’s fun. Bigger than the bars, these are fake obviously behind me, but bigger than these bars behind me is what I was holding. And they’re heavy. And to think like this is how wealth is accumulated now, this is how people are building wealth through tangible, real things that they own. Not a fund, they own it, it’s theirs and we just help them facilitate it.

So it was fun to be in Dallas and get back here and so, you know, it’s good to be on and talk to you about what’s happening in the, in the world. Absolutely. It’s great to have you back on. I’m certainly a purveyor of precious metals, as you said, and a big advocate of noble gold. And more importantly, our clients and our subscribers are as well. So this is going to have, you know, mutually beneficial effects for hopefully many, many years to come. So I know you’re a busy guy as a CEO, so I’ll get started right with the questions for you.

Now I’m going to pull up a screenshot here just to be get the point here. Let me know when you can see that column. This is gold price attracts as you know, one of the metric for real time stats as opposed to the futures markets. So Colin, over the past couple weeks we saw gold skyrocketing almost 4, 500, silver over 54. Then a pullback occurred. Now unsurprisingly, gold and silver are starting to climb back to their all highs. To what do you attribute the pullback and how high do you think gold and silver can go for the remainder of this year? Yeah, so the important thing to look at, UBS came out and I look at this all the time and you look at trading ranges, you know how things are trading in a range and obviously points where if it hits a high, you know, people believe That’s a breakout point.

And there’s also on the downside, there could be a down, downward spike if it hits certain numbers. What we found, this recent pullback was a pull, it was a technical pullback and not a fundamental pullback. And I think that’s, it’s a big difference. A fundamental would be that there’s a cultural shift in the mindset of the investing community or the zeitgeist that gold and silver are not where you should be. And that would be a change. That’s not what we saw. We saw profit taking and you see that it’s normal for, in any market to see profit taking when you know, some of the investors have hit extreme profit.

At one point we were at, you know, close to 60% gains this year in gold. So you’re always going to see that because people retire or they’re in a position that they want to liquidate or they’re maybe liquidating because they bought it on leverage. There’s a million of those. So the thing you want to look out for is a fundamental sell off. And you have some banks that are talking for gold to hit in the 3500, 3700 range. And then you have banks like bank of America that think it’s going to hit 5,000 gold next year.

So you have different ranges of where they think the price is. And that’s very normal to see different numbers. I mean, the 5,000 gold from bank of America is surprising. But actually if you go back the last five years, bank of America has really been ahead of the curve. They’ve always predicted the right price and they’ve been very bullish on gold. So I wouldn’t count them out in terms of what they believe. But if you look at the amount of gold that we have in reserve here in the US relative to dollars, it’s a very low percentage compared to where we’ve been in the past.

If you look at our national debt, 37 trillion to the trillion in gold, it’s a really low percentage. If you go back through time, there was points in our history in the US where we had a gold to dollar, a gold to debt ratio of close to 20% in gold. And now we’re sticking around 2% in gold relative to the debt that we have. So we’re at historical lows in terms of how much gold we really have relative to other things. And if you look at in the 40s and the 50s and the 60s and 70s when we were really accumulating, and you look at the economy Too our economy was much better then.

If you look at a lot of things after we got out of the depression, after we got a World War II, I mean a lot of the boomer wealth was created during that time. And that’s also at the same time when the US was accumulating gold. It was like sort of par on par. They were really trying to focus and we, you know, it was before we fully went off the gold standard in 1971 because we just ran out of money. We didn’t, I mean that’s why we got off the gold standard. And everyone talks about like this freedom is like we were spending too much that we had, we had no choice.

So I think it’s interesting that even though the world other central banks have been accumulating gold year and year and year, last five years pretty heavily, we haven’t as a country and it shows the fact that we haven’t accumulated gold and the fact that our debt has gone up. It seems to be hand in hand. And I still think it’s a protection play for the wealthier central banks of the world that they’re continuing to buy gold and sock it away and they’re just getting prepared for worst case scenarios. Yeah, absolutely. And it’s, and I think that’s, you know, it’s amazing to me Collins still when I look at the statistical numbers that less than 1% of the population has precious metals.

And we’re really working hard on our side and you as well to get that trend uptick in the positive side because as people start to understand that precious metals is where you need to be, whether it’s off site storage or physical possession or, or hopefully a hybrid of both. That’s really going to be the way of the present and the future because the new economy is going to be backed with that once again. History always repeats itself now as you know, in a much more dynamic fashion. Which brings me to my next question Colin, is it’s widely known, you touched on this, that central banks have a glut of gold because it’s awash throughout the world.

The Philippines, us, Zimbabwe, many nations have it. However, as you know, there’s a finite supply of silver when the banks really don’t have enough of it. How have they been able to suppress the price of silver this long? And when do you think the seminal point will be that they cannot stop it from accelerating upward to its true value of one to one with gold? Yeah, well I think that you know, we obviously have massive uptick this year of silver. Silver in December last year when my book came out, Silver is a new Oil. It was sitting at $29 an ounce and then it broke up all the way and hit $53 an ounce.

So, you know, we finally hit, you know, closer to what a lot of people believe is closer to the value. But I agree with you. I mean, in terms of industrial use, you know, I wouldn’t be surprised to see a few hundred dollars an ounce silver. And I always looked at, if you look at silver hitting $50 an ounce in 1983 and you look at what the dollar is worth today, I always looked at the number of like $182, $183 an ounce as the number that you should consider as like a true all time high price.

Because to say 50 is all time high would mean that the dollar had the same strength that it did in 1983. And it doesn’t, it doesn’t have anywhere near the strength that you can’t buy nearly as much. And everyone that’s lived a little bit knows every five to ten years a dollar loses so much value. So to say 50 is an all time high for silver is actually, it’s not the full story of what silver is today. You know, I think that silver is a pretty small market. There is a lot of, I mean, there’s been situations with JP Morgan and Fidel and a lot of the companies where they got sued for market manipulation in the 2000s after 2011, they raised the margin call, made it more expensive to buy silver.

Silver dropped precipitously after that. So because it’s a small market, there has been a lot of this manipulation that has happened in the market. I think the problem now, the hard part for manipulation is yes, day to day, week to week, you could have some manipulation where someone could profit significantly. And that can happen in, it can happen in any investment. And not to go on a tangent, but I just saw the news about what happened in baseball, how they were fixing pitches so anyone could do anything to manipulate in one day or one moment, but can they do it long term? And I think there’s one thing that I can say 100% that I feel comfortable with.

If silver and gold, and you can look at the charts for the last 100 years, if silver and gold are ever at 100 to 1 ratio, silver is a guaranteed bet to go up. Because if you go back the last over 100 years, it does not sit at 100 to 1 for more than a few weeks, maybe a month, very rare. So earlier this Year it was sitting at 100 to 1. We were sitting it even a few months ago, sitting at 101. And sure enough, silver had to catch up. So there’s certain things, and listen, I’m not, I’m not a betting man, but I will say if you look at that chart, it will, it will be eye opening to you.

Also, I look at just the amount of usage of silver. So there’s this thing called, you know, leasing rates and the leasing rates in the lbma, to answer your question, I kind of got sidetracked here. But the leasing rates of silver have skyrocketed. Now, the leasing rates of gold skyrocketed in November last year when President Trump got elected and they were really leasing more than they had. And then there was this big call to own gold. Now the big call is to own silver. And they’re saying the leasing rates like 39%, like big numbers that these companies are paying to lease.

And a big part of it is that people really do want to own the silver. So it’s what happened with gold where people wanted their gold back, they wanted to repatriate their gold is actually happening with silver now. And a lot of it is distrust because the only reason you’d want to have your silver or gold in your hand is that you don’t believe that the entity has enough. And in the LBMA with gold, they prove that because people called in their contracts in January and February and they didn’t have enough. And so you have this pressure, backwardation, pressure to get the physical.

And that’s in essence what is backwardation is when people want immediate delivery and they’ll pay a premium over a future contract. So they don’t trust this idea that it’ll come later. They want it. And so what happens is when you do that, you end up pushing the premiums up. And that’s exactly what happens. So you have these, these huge premiums, which I think on the physical side, if you own silver, it’s a really good thing. Not just the fact that the price has gone up, but that this, there will be a pressure on the physical coins and bars that you own and that there will be eventually a premium because the premiums on products had really dropped.

I mean, there was a spike during 2001, 22 and a 22 and 23. And then the premiums started to drop a little bit. And then premiums have really dropped on products. I mean, you were able to get products at unbelievable prices. And we knew that wasn’t going to last. It Wasn’t going to be around forever, you know. And so we saw, you know, a lot of the mints, they were, you know, all these mints were just slowing down. They weren’t minting as much. That will eventually translate into you and I owning silver. Because if they continue to have this slowdown in minting, eventually when there’s a rush, which there will be, there is a rush right now starting to pick up, they won’t have enough product.

And I now believe more than ever that there will be a point that it’ll be, there won’t be new bullion coins and bars minted. I think the amount will shrink considerably because there’ll be too much demand for industrial silver and it won’t make sense to make bars and coins. And if they do make bars and coins, the cost will be so much above the spot price that you know it’ll be expensive. But that will also help you and I, right? If you know there’s a point where silver eagles were selling at $10 above the spot price.

Well, if you own silver eagles and you want to sell them back, that means you’re selling them back at $8 or 8:50. That’s a huge markup relative to the spot price. So you get a double win in the physical when the market is right that you never get in the contract or the ETF version, if that makes sense now. It makes complete sense. And you covered a lot of ground Colin, in that one question. Because you went to one question I was asking a backwardization. My understanding is that only is occurs like once a century. So it seems pretty significant event.

Yeah, yeah, absolutely. Yeah. It doesn’t happen all the time. I mean it’s rare to see those things happen. And some people will say that. I’m saying this because I’m in the gold and silver business but actually if you believe the numbers that they had 148 million ounce shortage of silver this year. If you believe that, then you have to think about how things will go in the future. And, and why would if the US government will pay any dollar amount to get silver because they need it for drones or they need it for solar or they need it for their electric vehicles.

If they’ll pay any price. Why would a mint, how could a mint compete with that? They’re not going to be able to compete. You know, the US Mint right now is like, you know, they slow down production. A lot of the mints slow down production because eventually there will be, it’ll be so expensive. So I believe that eventually the Bars and coins that are out there will be the majority and then maybe the, the minting of them will be much smaller and that will also be great. So to further my point from the beginning is like, if you have that 1987 Silver Eagle, that will continue to go up in value too is the older that coin gets, the demand.

So we have a set was part of the reason I went to the depository. We have this set that’s coming out for anyone that if you want to build a really cool set. We have every MS, every Silver Eagle from 1987 to today graded Ms. 69. So Ms. 70 is the top, Ms. 69 is right below. And for a few thousand dollars we can, we have a full set of Silver Eagles that comes all graded all Ms. 69. So for anyone that’s looking to do something with cash, it has to be outside of an ira because you can’t do graded stuff in an ira.

But for anybody that’s interested in having a cool complete set or we’ve had a lot of people give them to their kids or grandkids and then every year they would just buy the new MS.69. So if anyone’s interested in that, we have those sets available right now. We have, I think we have like 200 of those ready to ship. Great, that’s great to know. Thank you, Colin, for that. Wanted to explore the space on something you touched on earlier in regards to the lbma, because I do understand that they announced that they flat out do not have the physical silver to cover their short positions or contracts.

Right. Curious to ask you on the backs of that, isn’t the comic sort of in the exact same spot or position? And if so, when will they be forced to admit that they don’t have the inventory either? Yeah, I mean, it’s always been the theory that the ETF market holds 201 or 250, even though they are supposed to hold one to one. Like everybody thinks when they buy an ETF of gold or silver SLV or GLD that they’re holding it one to one. But based on everything that’s happened over the last year that has been proven to be false.

And you even look at earlier this year, the European Central bank came out with a report about gold and silver and they talk about these shortages and they basically said that if we have a supply crunch, like a serious supply crunch, you do not want to be stuck in these contracts, you do not want to be stuck in the paper form. And they actually, the European Central bank actually urged investors to Buy the physical form, which is so interesting because Europe, in essence, the way that they encourage people to retire is they, they sort of have this pension plan, right? They don’t want you to be hands on, but yet, you know, they, and it’s this sort of like kind of, it’s kind of like Social Security, but much more right.

Like they really encourage people to retire at a certain age there and they have this pension and you’re just going to live. So they, they kind of want you to be blindly accepting that they’re going to take care of you in retirement. But the European Central bank, this report that came out earlier this year, sort of goes against that and says like, you shouldn’t be trusting if part of what you own in your retirement is gold and silver. They basically alluded the fact that you should actually own it by yourself and that if there’s a crunch that the regular investor is going to get pushed out, that we’re not going to get what we, what we’re owed.

And that’s why, you know, we’ve always at noblegold, always done the business the same way. I’ve never done a leveraged account. I never promise metal that I can’t deliver. It’s always, they’re always getting the exact perfect coin or bar that, that they purchase and, and they’re going to get it as fast as human. I mean, we’re shipping cash deals right now. If you bought from us today, you’d have it in two weeks. And that’s only because, you know, it takes a little time to get things shipped. But we could be shipping in three days. If you’re in storage, we can store the metal the next day.

We only sell what we have and that’s the change. And yes, an ETF or these companies can make a lot more money because they can just create paper out of thin air and sell you a thing that they don’t have. But I own this business and it’s a family business. And if we see a currency reset or if we see all the things that people are getting prepared for, I know that every day at the end of the day, every client that purchase has the metal that they purchase. So I never have to worry about it as a business owner.

So if the currency reset happens and they have their metal store, we can get their metal shipped out. And people always ask, well, how’s that going to happen? It’s a private depository. They’ve never been closed. They’ve even shipped during 9, 11. So when the stock market was closed for multiple Days. They continue to ship, so they can continue to ship metals. I’ve had clients go there and pick up metals at the end of every day. I’m solvent, right? Like, the metals are purchased and I have it. If I don’t have it, I acquire it. But most of it I have, and I don’t sell what I don’t have.

And I think that’s the whole Ponzi scheme that everybody is sort of realizing now that we don’t have enough contracts to cover things, we don’t have enough money to cover our debts. We don’t have all these things. And everybody’s making promises and eventually when the music stops, like, who’s caught holding the bag? And my clients are never caught because we have it, they bought it, they own it, and it’s theirs. And so that’s the cool thing about going to the depository is just seeing everybody’s like, what they purchase and it’s there and it’s safe and it’s insured, and so they always can rest assured.

And that’s why a lot of times, you know, people are calling me now and be like, oh, I should have bought at 2,000, I should have bought 3,000. I say, like, well, what in your portfolio do you actually own by yourself? And there’s very few things in anyone’s portfolio that they own by themselves. But if they own gold and silver and it doesn’t matter what price it is, they own it by themselves and there’s no debt behind it, right? That’s comfort, that’s peace of mind. And that’s a big reason why people do this. Regardless of where the price is, they always know that they own it.

And it’s like people come to me about real estate or other things, and they’ve always had these questions, John, but at the end of the day, a lot of times you just own it with the bank and you don’t own it by yourself. You sell property tax, you still have certain things you’re going to have to pay for. There’s so few things you own by yourself. And that’s why I think gold and silver are the perfect complement. And I’m not saying do everything there. I’m just saying it’s a perfect complement to the other things that you have that are.

That have debt instruments behind it. Because it does have that insurance element to it that, that you are safe and you are protected. I mean, it’s fabulous to you put that all together, Colin. And you said a couple of key things there. I’ve stressed this to my audience, I don’t know how many times calling it. It’s one thing to shop based on price and spot price and what’s going to give you the best deal, but I think the overarching factor is delivery. And right now that’s paramount. If you can’t get it, doesn’t matter what it costs.

We found that out during the pandemic when it came to toilet paper and paper towels and things like that, things we took for granted as commonplace, all of a sudden became hot commodities. And gold and silver, thousands of thousands of years has proven its worth is God’s money. You also said a key phrase with currency reset. We preach that a lot in our channel. We know that’s imminently getting ready to happen and that gold and silver is going to find its way into many mechanisms like crypto with it being pegged to gold. Silver is going to make not only precious metals a great defense of your money, but also an offense to make profit as well as the price goes up.

And you’ve articulated that perfectly. I wanted to ask you a couple more questions, Colin. Respect your time. There seems to be an incoming talked about the currency reset. Conversely, there’s an incoming crash coming in the stock market as well as the real estate market sometime. We’re anticipating the first quarter of next year. So I want to ask you, what ramifications do you think that will have for people’s 401ks and IRAs and ultimately, how does that affect the price of precious metals going forward into next year? Yeah, I mean, I think, you know, you look at, you know, Michael Blurry made a big bet against Palantir and Nvidia.

You know, the guy, he was the one that predicted the collapse in 2008 and 2009. He was the one that bet against the bond market. He bet and people thought he was foolish. And I will say he just came out a week ago saying that he’s bet against these huge tech companies. And one thing people should keep in mind is that he was very early with the bond market, too, and it took a while for that to materialize. And I always like the phrase it’s good to be a few months early than a few days late.

And I think that’s his overall strategy is he wants to get ahead of it. And I’ve been talking about this a lot and listen, I know that AI has fixed a lot of things and will continue to fix a lot of things, but I think the amount that it will fix has been overemphasized. I think there’s been, and this has been proven that a lot of the R and D in AI has not proven to bring a return on equity, a return on the money. And that’s at the end of the day in business, that’s all that matters.

All that. What matters is that there’s a return on the investment that you see. And so. And you’ve even see, you know, the. What’s the biggest AI, Sam. What’s his name? I can’t think of his name right now, but basically, yeah, he even said it came out that he needs help from the government because it’s too expensive. So that’s becoming a use case that the government has to come in and fund, that it doesn’t actually have a return in terms of like a profit and loss. And that’s the thing that I think is pretty interesting, John, is that you have these big use cases that people feel are moving the needle, but they really are not.

I know AI feels like it’s doing a lot because you and I are getting information that’s like, faster and easier. But how much are we willing to pay for it? Are we willing to pay enough to make it make sense? And because the technology is getting easier and cheaper, like, we’re going to pay less and less, right? Because it’s, you know, everybody’s offering an AI component. So a lot of these AI companies that we’re charging money, they’re not going to be able to charge because it’s going to be free. It’s going to be free in a lot of things that we’re doing.

So I think that you have Michael Blurry making a big bet and shorting some of the biggest tech stocks. And the Magnificent Seven is a significant amount of the stock market. It’s a significant amount of the growth. And it’s something that we’ve never seen. I mean, it’s close to 34 or 35% of the growth in the stock market is with these seven companies. That is unusual from 30 years ago when, you know, the idea of the S and P, that the idea of an index is that your risk is diversified. And it used to be much more diversified over a plethora of companies.

It wasn’t so hedged upon the growth of 7. And so I think what we’re seeing today, to answer your question about IRAs, is the stock market is in a critical point right now, and people are nervous. And what’s been happening last few years is that they’ve been looking for other things. They’ve been taking profit and the profit place a lot of times have been taking has been crypto. But now you’re seeing people even nervous about the crypto market. You know, they’re not feeling as strong. We’ve seen bitcoin drop and it’s, you know, seems to be holding around 100, but it’s not where it used to be in terms of the overall psyche, you know, and I, and listen, could it get to 2 or 300 or 400,000? Sure.

You know, all those things are there, but in today’s market, people are not as feeling as bullish there. So what are they buying? And I think that’s the real thing that I always hold my hat on is that now that financial advisors and Morgan Stanley and these companies are saying you should have 10, 15, 20% of your portfolio in gold. Which is what they’ve said, not us. You know, Morgan Stanley CIO said 20% in gold. And like what you said, less than 1% holds gold. You know what happens to the price of gold when the, the retail market has 20%? And I’ve seen estimates of gold sitting at 15 or $20,000 an ounce.

Because when you look at the 401k and you look at the retirement market, trillions of dollars, trillions of dollars that has less than 1% exposure to gold. So if trillions of dollars a percentage, 10% says buy gold and they’re going to hold it and that money usually stays right. They’re not day trading like other people. You get a trillion, multi trillion dollar market interested in gold, interested in silver, which silver’s such a tiny market, then I think you get back to what you’re saying is like, gold hits 15, $20,000 an ounce, silver hits 3, 4, $500 an ounce.

Just because you have a whole bigger group of buyers that are like, I don’t want to lose what I have. I can see the growth, I can see the potential. And I think once this big AI turnaround happens, everyone’s going to say, I knew it was going to happen. But how many people actually took advantage of the profit they had? That’s a two different story, that those are two different things. And that’s going to be the thing that’s interesting is like who’s going to actually take the data that the majority of the stock market’s tied up in these big companies and it’s risky.

And then who’s going to actually pull the trigger and get into some safety and who’s just talking about it? And that’s the real difference. And that’s what makes a good investor go to like a great investor. That’s where, you know, and I’ve seen people through time where they, you know, we had a billionaire buy gold from us a few years ago and they knew, you know, they knew, they vetted us, they called us, they wanted to know about the depository. They did a crazy background check on me that like actually scared me. Really scared me, John.

Like the things they knew all about my family, everyone in my family, relatives, where I’ve lived, you name it, they knew it. And, and the, the billionaire basically was like, didn’t feel comfortable anywhere else. Wanted physical, didn’t want to do ETFs, wanted to see it, wanted to go to the depository. I mean this is a billionaire who made like a direct, like I’m not listening to my financial, financial advisors. I’m going to buy it. And this is when gold was at $1600 an oun. And so I thought the billionaire maybe sells now. No. And we talk all the time.

No. And I just curious, you know, and he’s an opportunistic person. Holding, continuing to hold. So it’s really interesting, I think that it’s. How do you take advantage of the, of what’s happening and all the noise and like come up with a strategy. And I think that the key is, is trying to protect what you have and make sure you’re diversified, which is exactly what I do, John. I mean I’m totally, I have some of the stock market, I have money a lot in gold and silver. I have companies like I’m diversified because I don’t know exactly what’s going to happen.

But I know that if I’m not diversified and if I don’t make some strategic moves, I will regret it. And that’s, I think what’s happening today is like, can people see the next three to five years and find a plan that works for them and feel comfortable and hopefully we’re a part of it and we’d like to help people. And you know, if you want to know, if you want to talk to somebody that does the physical, that’s what we do. And there’s other companies out there, but if you want to talk to like our team is they love gold and silver.

This is what we do every single day. So I would say even if you have a financial advisor that has your stock or do other stuff and you want to buy the physical, call us. So you have experts handling different parts of your portfolio and that’s the key. Don’t have your stock person buy an ETF or mining stocks because it doesn’t get you the safety and the protection that you really, really want. You got to have experts doing the things that you want. And I, and I do the exact same thing. Yeah, no, it’s. Again, we haven’t talked in a while, but it’s uncanny how you’re reading my mind column and on my thought and talk track because this is so encompassing of what I to discuss with you.

Since you brought that up, let’s, let’s explore that a little bit more. I’m going to take you on a kind of a multi tiered question, if you don’t mind. It’s got a couple of parts to it and that is President Trump’s tariffs coupled with the new gold card. Many other mechanisms seem to be hearkening in a whole new financial system right in front of us, AKA the Golden Age. Very apropos term. His one big beautiful bill seems to be taking flight in early January. Has a lot packed into it as well. You brought up bitcoin, so I want to ask you about that.

Do you see possibly bitcoin and xrp, for example, in the new digital age being pegged or backed by gold, precious metals? And if so, do you see him revaluing gold and silver, for that matter, to their true market value? You mentioned 20,000. I’ve heard 20, 25,000 and beyond. Do you see him doing that in the near future? Yeah, I mean, I think if, for bitcoin, if bitcoin stays true to what it’s supposed to do, it doesn’t need to be backed by gold because if it only stays at 21,000 coins, then is it 21,000? Is that the right number or for what it was.

Again, I’m sorry, how many bitcoin are there? I can’t remember. It’s like 21, 21 million. I can’t remember. There’s only a certain amount of bitcoin. I’d have to go back and look that up. Yeah. Anyways, there’s. It has a finite amount. It’s a finite amount. Yeah, exactly. And so to answer your question, if it stays true to what it was created for, it doesn’t need a backing. It only needs a backing if it does what the dollar is going to do or what the dollar has done. And so that’s the only reason you need a backing is because if you spend more than is allocated or if you create more, that’s an allocated.

You need a stopgap and a stop gap is, would be a good One would be gold. Now, I’ve always hypothesized that the only way that crypto makes sense besides Bitcoin is they have to get into industry and become corporations and businesses, which sort of is what XRP is doing, right? It’s become a mode of exchange. It’s used in banks. They’re using the technology for transactions. I believe that unless, because, you know, I’ve been in the crypto space for a while and I have a platform called my digitalmoney.com that, you know, we offer crypto. And I’ve always hypothesized that unless the wealth that’s created in a crypto is put into a generating asset, then they’re just going to eventually fade to nothing.

And I, and I believe most of the altcoins will fall into that category. If Ethereum can continue to have incredible application and fix things in society the way that it does, then there is a value to it and it will continue to live on. But there’s not that many cryptos that actually do solve a problem. Most of them are created with an idea of solving a problem, but most of them don’t. They fall short of solving the problem that they’ve, that they’ve, or the hypothesis that they put out there. Bitcoin is unique in that if they stay to the 21 million coins, maybe it’s 21 million, then they’d have a finite amount.

And in theory, the price of it should hold, unlike the dollar, and that would be a good way of trans doing business, is that you knew the value of it, it wasn’t going to lose as much value. And you see Venezuela, that’s profited substantially from that, from taking advantage of that theory. And it’s worked. Now, it didn’t work initially. I don’t know if you remember when they took on bitcoin. Bitcoin was sitting in the 50 or $60,000 range and it dropped all the way down to 12. So initially, Venezuela looked foolish and they made a bad bet.

But eventually when it broke 100 and kept going up, they looked like they really hit it on the mark. And so I think that, yes, I see President Trump pushing this idea of crypto and he’s making the regulation less and he’s putting crypto. I’m sorry that the sound here is the fire department’s right here. But at the end of the day, I think that ultimately crypto is still speculative. It’s still an asset that you have to treat as a speculative asset. And speculative assets have to be treated with care in your portfolio because you can lose and gain value quickly, which just makes them speculative and exciting.

But I think a lot of people today would rather take a sure bet and do safety plays and not take these unbelievable risks. And listen, if you can stomach it and put 2 to 5% crypto and you just this, you’re in bitcoin for the long term and you never have to worry about it, it’s great. And I think you should do it because you need to have a few assets like that. And I know they’re making things easier to own crypto, and it’s changed a lot. But at the end of the day, if it doesn’t solve a problem, that’s why I believe it has to eventually become some kind of company or fix.

If it doesn’t solve a problem, then we’re just. You’re just buying something that’s being propped up artificially, that it’s not being propped up because it actually, similar to AI, it doesn’t produce. And it actually costs money because it costs money to transact in these things. And so I think it costs energy costs and the mining and all these things are, you know, they’re not. There’s cost behind it. So at the end of the day, unless it can produce something, crypto will always be speculative and they’ll probably always be a market. But I do think we could be in the midst of a.

We could see a pullback. I wouldn’t be surprised if we saw a little bit of a cold winter like we saw in 2021. I wouldn’t be surprised if we saw a little bit of. Maybe it’s not as extreme where it gets down to 12 or 15, but I wouldn’t be surprised if I saw bitcoin in the 40 or $50,000 range at some point here. And so people have to be careful. That would be a lot of wealth for a lot of. I mean, that would be half for people. And so that’s why I think a lot of people have been calling us and converting some of their crypto into gold because they had that big run, they made money, they bought xrp, it went up a lot.

They want to hedge their bet. Right. Double, triple your money. You take it out and then you put it into something safe. And I think that’s just a much better strategy. Sure, yeah. No, I’m more into bullish about XRP personally because of where that’s tied to the blockchain. But you’re right. With bitcoin, I think you’re going to See, you’re going to see a super crypto bull run coming here for the holidays and then a winter pullback, but you should be leveraging that into physical stuff along the way and taking profits and then reconverting it, as you said.

I looked it up just to get, to be exact. Apparently, according to Jap chat GPT, approximately 1.3 to 1.4 million bitcoins are left to mine out of a 21 million supply. So you’re 21 million. Yeah, yeah, you had that right. So kudos to you. Last question for today, Colin. Of respect. Your time is I noticed President Trump has talked to the Mint about taking the penny out of circ circulation. Obviously it’s not as used like it once was. My question would be is why? And how far does that go? Does he start to take the nickel out or how do you see that playing out? Yeah, I think it’s the first of many things that will be taken out of circulation.

And, and also it costs them, I think, a penny and a half to make a penny or so you know, costs. I mean, as long as you’re, you know, looking at it that way and then it costs us more and you’re trying to save us money. Now my always, my concern will be that we don’t have any money. And I, you know, you see it, there’s a lot of places that don’t accept it. At the end of the day, I don’t feel good about ever having a situation where we can’t have any money because then, you know, maybe the next step is they go, well, maybe people shouldn’t own gold either.

And we went through that, right, and they pulled that fast one on us in the 1920s and they, you know, gold was valued at $21 and then they got as much gold as they needed and they revalued it at $33. And so everyone that turned their gold in and did the right thing lost 40% value. So I think people are wiser today and if that situation ever happens, they’re going to hold tight. At the end of the day, getting the penny out of circulation I think is okay, but the paper money needs to live on. You need to have accessibility to cash.

You need to be able to hold some money. You need to be able to have it. And, you know, it is why I always tell people gold is, is really one of the last private investments that there is. There’s so few things that, that you, you know, you could put a million dollars of gold in shoebox, like there’s just so few things that you can have in your possession that you own by yourself that has that kind of value. So I’d say, you know, these are things that people should be looking out for. They should be curious about it.

They should be a little nervous and skeptical. But it’s another reason why you should have some, some liquid wealth in your hands. I totally agree. The blend of physical cash, especially the new US Note backed by precious metals, which is constitutional. God’s money coupled with precious metals I think is the perfect one, two punch. So you’re spot on about that. Thank you, Colin. So, ladies and gentlemen, you can see you’re hearing from Colin Plume, the actual CEO of the actual company, a family owned business for many decades. You can, you can talk to him, you can talk to the staff.

I’m personally endorsing them. I’m going to be using them myself as well, our team. And so what we’re going to do is put a link right here below the video in the description where you can go to noblegold investments.com forward/jd metals is my promo code. You’ll get the best price, service and delivery, which is paramount, as we know, because it doesn’t matter cost, we can’t get it. And he only promises what he can actually deliver, which is in my experience, a rarity these days. So please do reach out to Noble Gold and tell them that I sent you and they’ll take very, very care of you.

Colin, as we close the podcast, any last thoughts you have for the audience today? Yeah, I would just say for anyone, you know, it’s a good time to learn. We have tons of free guides, Gold guides, silver guides, ira, platinum palladium. Just call, get the guides, talk to a real person, an actual person, and ask every question you have. Check out our reviews, spend time, you know, and, and it may be this is the time you need to learn. We’re coming to the holidays or maybe you’ve been thinking about this for a while, but I think we stack up with anybody in the industry.

You know, it’s an unregulated industry. You got to be careful. You got to check out the companies. Not everyone does business the way that we do, but we’re happy to compete, give you good information. And I think at the end of the day it’s free to call in and learn and build a relationship with somebody at noblegold that lives and breathes and knows precious metals. So I would say just give us a call, check us out. We’re not a high pressure outfit, but if the match is good, and, you know, we feel good about each other.

We can help you acquire and ship it or store it however you want or do an ira, but I think you’ll be happy that you did. Regardless if you buy from us or if you decide to buy now or in a year, we’re going to be here for you. So always good to be on John and talk to someone that’s obviously living and breathing and believes in a lot of the same things we do. And at the end of the day, you know, we’re just trying to help people get protected and make sure they’re doing the right thing with their money.

And, you know, over the last five years, we’ve, you know, we’ve been on the right side of it. It’s. It’s protected people. We have a lot of people that are retiring now that are, you know, they have to sell because they needed to live. And they’ve done great, right? They’ve done really well, and I think it will continue to be that way. So anyone that wants to give us a call, you know, mentioned that you heard us on John’s show, and we’ll definitely take care of you. The best possible customer service. That’s really what we pride ourselves on.

Absolutely. And the other thing I wanted to reason, I want to part with you guys is because of the educated, education, the guidance, it’s not a hard sell. It’s very, you know, consultative and working with people at their direction, where they have a lot now or later or incrementally, you’re there for them at their needed direction. And that. That is something that I hang my hat on, and I want my audience to feel good about the recommendation, and you help facilitate that. So thank you. Colin Gold. Excuse me, Colin Plume, CEO of Noble Gold Investments. Thanks for being here.

Good sir, welcome to have you back, and we look forward to seeing you again in the near future. Thank you. Thanks, John. Thanks, Alderman.
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