In this episode, we are joined by Colin Plume, CEO of Noble Gold Investments and CEO of My Digital Money, a crypto trading platform. We discuss the current state of the housing market and what it means for the future of the precious metals and alternative investments world.
00:14:34.000We are here with Colin from Noble Gold, man.
00:14:36.000We're going to get right into it, man.
00:14:38.000No intro, just going to get right into it.
00:14:40.000We're a little bit behind schedule, so I want to make sure that we get the most information to you guys, obviously, with what's going on in the precious metals world, the news, and kind of give you guys an update of what's going on.
00:15:32.000So you guys can go ahead and get your questions in.
00:15:34.000Please get your questions, actually, because you have someone here that can absolutely help you guys when it comes to precious metals and alternative investments.
00:15:41.000You guys know I'm really heavy into real estate, which, you know, actually perfectly segues into the first thing we're going to talk about, which is the housing market, right?
00:15:49.000Khan, you want to kind of take that and you guys get your questions and we'll answer them as the show goes through.
00:15:54.000Yeah, you know, for someone that, I was in commercial real estate for many years, owned a lot of real estate, you know, it's something I'm looking at.
00:16:05.000That's basically what I've built my wealth on is precious metals and real estate.
00:16:11.000And the market is just, for the last few years, I've just been watching it so closely just to see if there's any, And it just seems, and I'm sure you talk about this a lot, is it doesn't seem like there's any opportunity for young people today.
00:16:29.000I mean, this Apollo Group report that just came out is quite telling.
00:16:34.000And, you know, you just got to look at the stats.
00:16:36.000The average first-time homebuyer is 38 years old today.
00:17:15.000And unless you have family money or inherited or somehow you've come into a lot of wealth, the American dream is becoming much more unattainable.
00:17:25.000And from an investment point of view, I don't even think if you could at this point, I don't even know if it makes sense to buy it.
00:17:33.000Because I do believe based on the numbers that I'm looking at that we're going to see a massive correction in the housing market.
00:17:41.000I think we're going to see some pretty big numbers pulling back.
00:17:44.000And I'll get into the reasons of that in a little bit.
00:17:56.000Before, the problem you had was people were over-competing for the houses because the interest rates were low.
00:18:01.000Everyone was rushing to try to buy a house.
00:18:03.000Now, the interest rates are very high.
00:18:05.000I think I ended up closing mine at around 7% or 8%.
00:18:08.000And for a lot of people, even as an investor, if you buy it as a first-time homebuyer or as going to reside in it, it's still going to be around 7%.
00:18:26.000Yeah, I'll tell you why I think there's more pain to come.
00:18:30.000And listen, you buying that house, obviously you're in it for the long term.
00:18:34.000You've got capital to cover, and I'm sure you're looking at this could be a big three- to five-year hold or longer.
00:18:41.000But for the average person, it's definitely hard.
00:18:45.000For me, I'm over here competing with people that want to buy it.
00:18:47.000People that might want to just buy it to live in it, it's going to be harder for them to get that property than someone like me as an investor.
00:18:53.000So no, it's definitely, the market has changed a lot and a lot of people are not able to afford the homes because they've exploded over the past couple of years thanks to the low interest rates from a couple of years ago with the pandemic.
00:19:04.000But sorry, what were you going to say?
00:19:05.000And a lot of people, the thing you have to think about, the reason I'm concerned is that, and Robert Kiyosaki, And a lot of people have talked about this.
00:19:13.000He talks about it in his tweet that we're going to talk about in a second.
00:19:16.000But the thing that he talked about is what happened over the last two weeks, and that the U.S. bond, the Treasury market came out, and there was no buyers.
00:19:24.000There was no buyers of U.S. Treasuries.
00:19:27.000And so the Fed had to come in and buy those.
00:19:31.000And people aren't—I think if you read— Between the lines of what's happening, that's a really scary thing for us as Americans because our bonds are supposed to be the safest in the world, right?
00:20:05.000And Robert Kiyosaki gets into this a little bit more.
00:20:07.000A lot of people that are watching the bond market are really concerned that the 10-year could continue to skyrocket.
00:20:14.000Now, in Japan, what they've been doing for 30 years is that the government just continues to buy because when there's no buyers, they'll just come in and buy them.
00:20:24.000We're not at that point yet, but we could be.
00:20:28.000So in essence, what we would be doing is selling debt.
00:20:33.000And then we would be buying it, our own debt.
00:20:36.000So it would be like you having a credit card, and then you come in with another credit card to pay for the other credit card, right?
00:20:45.000That's in essence what happened a few weeks ago because we had to buy those bonds.
00:20:48.000And the reason, part of the reason that we're seeing this happen, and it's such a dramatic change from what we've had a few years ago, is that...
00:21:09.000I mean, you've seen the institutional, the central bank buying of gold.
00:21:12.000It's been over 1,000 tons a year for three years in a row.
00:21:17.000Once their debt comes due, they're moving in a different direction, buying gold or different assets.
00:21:22.000You know, once you pull these big buyers out of our buying pool and they don't want to buy, and think about this.
00:21:28.000The thing that's really scary is, like, these are notes that are in the high fours.
00:21:33.000We've been selling bonds for, you take it the last two to three years, we've been selling U.S. Treasuries in the 1% to 3% range, and they were getting bought like crazy.
00:21:44.000There was no slowdown in the buying of our bonds.
00:21:48.000So right now, two weeks ago, U.S. Treasury releases bonds.
00:22:17.000So this is a pretty scary thing that happened over the last few weeks.
00:22:21.000Real quick for the audience, because I know we got a lot of younger guys here that might not even know what bonds and treasuries are.
00:22:26.000Can you explain what they are real quick?
00:22:27.000I know you had talked about how stable they are and how they've always been stable for people that want consistent growth without really being too volatile.
00:22:34.000But can you explain what bonds and treasuries are just so they understand?
00:24:16.000So when these bonds hit the market, these typically bonds that would be gobbled up by the world, by investors, investors took a seat and said no, because they believe that these bonds, We're going to get better.
00:24:29.000They think that we're going to get in the fives and the sixes and the sevens.
00:24:33.000The problem with this is that our 30-year mortgage that everybody goes out and buys and a lot of debt, like when companies are looking to get debt, it's typically tied to the 10-year Treasury note.
00:24:46.000So if the 10-year Treasury note goes from a high fours, which it is now, to let's say six or seven or eight, that means...
00:24:58.000And just imagine the pain that we're going to see in the real estate market if the 30-year mortgage goes to 10%.
00:25:07.000I mean, that means that it's unaffordable right now, the mortgages.
00:25:11.000They're basically double than they were like three years ago, right?
00:25:18.000Now we're going to go even triple or quadruple in terms of what the monthly mortgage would be.
00:25:23.000Which means prices are going to drop significantly.
00:25:27.000That means we're going to see 30%, 40%, 50% pull down in the real estate market.
00:25:32.000And for a lot of people, that's going to be a lot of pain for them, for people that bought houses over the last five years that can't sustain, that they're just going to end up walking away.
00:25:48.000So, so yeah, so long story short, if people That puts us in a very precarious situation, and that means the real estate market could really fall.
00:26:01.000So then the question is, is what other tangible investments could you buy that would be a hedge against that potential real estate fallout?
00:26:12.000I mean, it's very interesting how with the bonds, right?
00:26:17.000That's like probably the most safest and most stable.
00:26:19.000The returns are lower, but it's probably the safest asset class to get into.
00:26:24.000Then obviously you go into the stock market, then real estate, then obviously cryptocurrency, I always argue is like at the top where it's like the most volatile.
00:26:31.000Where would you put precious metals in that list?
00:26:36.000Yeah, I mean, listen, So there's a Basel III law, which these are the banking laws that were created after the last financial fallout of 2009.
00:26:51.000And so basically there's been a number of things that have happened.
00:26:55.000And these are basically ways to protect the banks.
00:26:57.000This Basel, this is the Basel is, is basically the international agency that dictates banking laws.
00:27:04.000And they passed a law three years ago.
00:27:16.000They determined that gold three years ago, which by the way, the banks are way well ahead of all this price surge.
00:27:22.000They say that now gold is a tier one asset.
00:27:26.000So gold is in the bank's eyes, and these are like big banks, Bank of America, Wells Fargo.
00:27:32.000Now these big banks can hold gold and use it as an asset on their books.
00:27:37.000So they're saying that gold is equally as safe as bonds in their eyes.
00:27:43.000This is groundbreaking law that passed a few years ago, and now this is going to go into effect.
00:27:49.000A lot of people thought they would change it.
00:27:51.000So July 1st this year, banks are going to be able to buy gold and use it on their balance sheet as a Tier 1 investment asset, and not paper gold, the real gold.
00:28:03.000And so they're going to continue to buy gold.
00:28:05.000So you're going to see all these big institutions, UBS and Bank of America and all these guys go out and really buy tons and tons of gold to put on their balance sheet.
00:28:16.000So I would say in terms of safety, you know, bonds, you're right, have always been the Yeah, and I think the tariffs definitely hurt that as well.
00:28:38.000Because I know, like you mentioned before, Japan buys a lot of our bonds.
00:28:41.000I think the tariff situation scared them, and they kind of made the market a little bit volatile, and I think that's why Trump had to pull back on the whole tariff situation a bit.
00:28:50.000Yeah, yeah, it's been a one step forward, two steps back in terms of the tariffs.
00:28:55.000I mean, and I think that's, you know, the issue today is that They do want to make things, so they've gone aggressive on tariffs.
00:29:10.000They want to make it an even playing field.
00:29:13.000But we don't even know what that looks like.
00:29:15.000I mean, we haven't manufactured anything to a large extent in probably 40 years.
00:29:21.000So it's a real reversal of what we've been doing.
00:29:33.000I mean, we're just used to that, right?
00:29:35.000So it's a whole new mindset of what's happening with Trump and this new administration to get people into the mindset of, yeah, hey, this shirt might cost more, but the good part about it is that it's manufactured here, which means there's jobs here, which means there's taxes here, which means, you know, the income stays here.
00:31:14.000So for him to talk about- Gold like this, I think that's very interesting, very important.
00:31:20.000Yeah, I mean, I think he's smart in that he is a real estate guy, owns a lot of real estate, but he also owns gold mines, and he owns physical gold and silver, and he talks about it a lot.
00:31:30.000And in this tweet, he talks about what I mentioned, that the Fed held an auction for U.S. bonds and no one showed up.
00:31:36.000And then the Fed quietly bought $50 billion of its own fake money with fake money.
00:32:30.000And then, you know, this would be, um, And listen, it's a big number, $25,000.
00:32:44.000But I think what you have to read into this is that, you know, when you look at even gold breaking $3,000 an ounce, I think, you know, you and I started talking, you know, probably a year ago, gold was at, you know, $2,000, $2,100.
00:33:00.000And nobody thought $3,000 was anywhere in the realm of possibility, and it moved quickly.
00:33:49.000Bank of America is predicting $3,500 this year.
00:33:53.000So there's a lot of the big banks out there that are predicting pretty big numbers for the gold price.
00:33:58.000You said something interesting just now that made me think about something.
00:34:00.000You said gold went on a bull run from 2001 to 2010.
00:34:03.000And if people pay attention to that time span, that's effectively the war on terror, right?
00:34:08.000The war on terror occurred in that decade where we made a significant amount of changes to, you know, Would you say that the current conflicts that we have now, whether it's what's going on in the Middle East with Israel and Iran and the proxies and also what's also going on with Russia and Ukraine, would you say that we might get the same type of increase in gold because of these foreign conflicts as well?
00:34:37.000I think it's a combination of what you just said and a combination of, like, if you look at 2001 after 9-11, we cut rates.
00:34:45.000There was the war on terror, as you mentioned.
00:34:46.000This time, 2000, it was like, let's, we got to fill the economy with money, right?
00:35:28.000And now I think what it is is I think we've transitioned from the COVID and all that spending and all that's been dumped into the market and we hit $37 trillion in debt.
00:35:37.000Now we're in a position where now it's the trade war, right?
00:35:41.000So this second cycle, the second few years is this war on trade and us trying to attempt to level out the playing field.
00:35:51.000And then you have right now is you have this new tax bill that went through the big bill.
00:35:58.000And that tax bill they're predicting is going to add a minimum of $4.6 trillion in more debt to our economy.
00:36:07.000So again, we're spending a lot of money.
00:36:10.000This tax bill, this big bill, there's no savings in it for us there.
00:36:16.000Opportunities for lower taxes, but that, generally speaking, is going to equate to, you know, more debt for us as a country and more spending.
00:36:25.000So you have the Fed that's buying back our bonds.
00:36:27.000You have this new tax bill that's going to add, you know, almost $5 trillion in debt.
00:37:14.000And that's why I think Kiyosaki is predicting this massive $25,000 an ounce for gold.
00:37:20.000And he's predicting these alternative assets to do really well because there's just no faith in our dollar or economy or the equity markets or the bond market.
00:37:29.000So people are going to be looking for these.
00:37:30.000You know, it's interesting, Colin, because I was literally talking earlier on my other show about what's going on with Russia and Ukraine, and I talked about how, you know, Trump is having a very tough time getting put into the table and negotiating something.
00:37:48.000Launched a crazy strike with probably one of the biggest since the conflict started multiple years ago.
00:37:54.000And, you know, they're talking about, oh, we're going to sanction Russia or whatever.
00:37:56.000But the reality is I was trying to tell people was that we sanctioned Russia back in 2014, 2013 with the Crimea invasion.
00:38:03.000And, you know, they obviously suffered for that.
00:38:05.000But Putin got smarter and he bought a bunch of gold.
00:38:10.000And he did this anticipating that he would at some point invade Ukraine as NATO expansion got.
00:38:16.000Closer and closer to Russia and when he invaded in 2022 He knew that there you know, sanctions were gonna come he was gonna be condemned by the entire international community But despite the fact that that he was condemned, you know ostracized and they were sanctioned to hell and taken off of Swift The Russian economy is fifth strongest in the world if I'm not mistaken And I think a big reason for that was he preemptively bought a bunch of gold Knowing that that's what's gonna come so I mean if that doesn't prove that
00:38:45.000That gold can protect you from other countries taking you off SWIFT or sanctioning the hell out of you.
00:38:51.000I don't think anything else will because that's literally what he did was buy a bunch of gold and insulate himself.
00:38:56.000And now they still have a very powerful economy despite the fact that they're running a war and they've been doing it for multiple years.
00:39:10.000We'll have the sanctions on the dollar, but we're going to still do transactions.
00:39:13.000And they, two years ago, did a massive transaction with Iran.
00:39:16.000Now they, you know, the BRIC nations are all starting to circulate and trade in gold.
00:39:21.000And so they have this alternative currency out there.
00:39:24.000And, you know, I think it's, you're right.
00:39:26.000It was the smartest move that they could have done is to have this, you know, not only do they buy gold at a great price and they'll continue to buy gold, but they gave their way, they gave themselves an ability.
00:39:37.000You know, because it rushes, you know, the amount of reserves and things that they have, the minerals that they have, oil.
00:39:43.000I mean, they're a significant trading partner for most of the world.
00:39:47.000So they've given themselves some flexibility.
00:39:49.000And I can tell you this, a lot of people in this country believe that, you know, there could be a change in our currency, there could be a reset.
00:39:57.000And so if that reset happens, how do they value that new currency?
00:40:04.000What's going to happen to our currency?
00:40:05.000So having too much of your money tied into the dollar, you know, and we're spiraling out of control, the debt is absolutely out of control.
00:40:14.000It gives yourself an option outside of the current system if this system falls apart.
00:40:20.000And, you know, there's nothing, but we've never seen the debt that we've created.
00:40:25.000No country has ever been $37 trillion in debt, so we are in unprecedented And so it just gives people, people that buy gold from us, it gives them peace of mind to know they have a little bit of money in an alternative currency that's actually desirable that people want.
00:40:41.000And it also can't be manipulated like how we see the manipulation in the dollar, the manipulation in the bond market.
00:40:49.000And I would say, listen, this year there's been a lot of manipulation in the stock market because every time he says there's a tariff and then he pulls it back, there's a lot.
00:40:58.000There's a lot of people out there that are day trading and making significant wealth in these massive swings.
00:41:06.000I mean, we saw the Dow 2,200 points down in one day.
00:41:09.000For the average person that's not day trading or living on their computer, which is most of us, you can't take advantage.
00:41:16.000We're missing this opportunity and, and it's just, it's, it's, So what assets could you buy that you know, okay, I'm going to buy it and hold it for 5, 10 years and be able to shield myself from all this crazy volatility?
00:41:32.000And there's a lot of insider trading and things that are happening.
00:41:35.000We know all this is happening right now.
00:41:37.000There's people that are getting ahead of this, this Liberation Day.
00:41:41.000If you really knew what was going on and he was going to mandate all these tariffs, you knew the stock market was going to collapse, right?
00:41:46.000So there's a lot of these things happening that just the average American can't take it.
00:42:08.000Do you want to talk about the EU central banks?
00:42:11.000Yeah, so the European Central Bank came out with a report three weeks ago, and they had their top five economists, and they really get into why you should own gold.
00:42:21.000So they talk about that there's no counterparty risk, that there's a limited supply.
00:42:26.000So the gold supply only goes up by 1% per year.
00:42:29.000If the dollar was in the same way, if we could keep the dollar only growing by 1% of the debt, we would be in a much better position.
00:43:08.000But what ended up happening, the interesting part of this, and they show this in the charts, is that in January, people weren't satisfied with paper gold.
00:43:18.000These big institutions, the JP Morgan's and the UBS's and all these big companies, BlackRock's, they wanted the gold.
00:43:26.000And so they started calling in their contracts.
00:43:51.000And the ECB, which is basically the Fed of Europe, basically kind of talks about how this whole thing changed and how they started to realize that maybe these institutions don't have enough gold.
00:44:05.000And you probably saw the reports earlier this year.
00:44:08.000So they were basically giving out IOUs with the paper gold.
00:44:19.000Pandemonium, because people wanted their gold.
00:44:21.000And to find out that the London Exchange basically said, we don't have it right now, even though in theory they were supposed to have every ounce, every contract was supposed to be backed, and they didn't have it.
00:45:19.000And they say if people continue to want their gold, as long as they stay complacent, they don't want it, they should be okay.
00:45:24.000But if people continue to want their gold, which I think they have a right to get, that the whole market could fall apart.
00:45:31.000And that there could be an absolute supply shock.
00:45:35.000And this is the, in my 16 years doing this, this is the most controversial article I've ever seen because it's becoming from a source that has no interest in gold, right?
00:45:47.000The ECB has, I mean, they're in charge of the Euro.
00:46:51.000And so I think it's extremely important for everybody today to have some assets that don't have debt.
00:46:58.000Behind it, and also that you own by yourself, and free and clear of the government, free and clear of institutions.
00:47:06.000It's going to become more and more important to own things.
00:47:08.000And, you know, you've seen this all over, and you're an owner of assets.
00:47:14.000What you read out there is just buy this stock or just buy a derivative or just buy this or, you know, you can just buy a portion.
00:47:20.000You don't need to do that with gold and silver.
00:47:22.000You can buy the whole thing and it's going to save people down the road.
00:47:26.000They're going to be saved by owning assets because the way the economy is going is that the institutions, the World Economic Forum, all these groups, they don't want you to own anything.
00:47:37.000They want you to just lease and rent and, you know, do all this stuff.
00:47:42.000Because ultimately, whoever owns the assets wins.
00:47:45.000And so if you don't own assets in this economy, you're going to have a rude awakening in the next few years.
00:47:52.000Yeah, no, that is so true because, I mean, you know, millennials and I would, you know, I got to blame my generation for this a little bit.
00:47:59.000Millennials and, you know, Gen Zers and Xers and everything else like that.
00:48:03.000Like, we were okay with just renting and not owning things.
00:48:06.000And basically what's happened now is things have sprouted out of control.
00:48:09.000We got the highest, you know, median income.
00:48:25.000They're paying a bunch of money to have an apartment in New York City or one of these metropolitan cities because everyone wants to dream of living in a major city in the United States.
00:48:34.000So I do think that, you know, Absolutely.
00:48:49.000Yeah, and also if you think about it, you know, the nice thing is, and this has happened for a lot of people, and I actually was interviewed by an influencer on YouTube that I've been advertising with for many years, and he bought gold for me, and, you know, we paid him in gold for years.
00:49:06.000And his YouTube channel got demonetized.
00:49:10.000I don't know if you know this guy, Next News Network.
00:49:38.000They demonetized him and he was, you know, looking for ways to sustain himself.
00:49:44.000And he didn't want to, but he had to sell some of the gold.
00:49:48.000And he said in the interview today, he was talking to me about it.
00:49:51.000He's like, if I didn't have that gold.
00:49:54.000If I didn't have it, which I had no debt behind, I owned it by myself, I might have not been able to survive this demonetization that YouTube put me through.
00:50:03.000And so, you know, that's the thing too that's nice is that there's people today that bought gold from us years ago that, yeah, maybe they see an opportunity or they have to fix their roof or they got to pay their mortgage.
00:50:13.000Like, you know, this coin, this is a mortgage payment.
00:51:06.000Yeah, when shit hits the fan, I remember we had Robert Kiyosaki in our show, and he literally said it like, hey, if things happen doomsday, you hold the gold and then you trade the silver.
00:51:16.000I think it's a class that not a lot of people pay attention to, especially young people.
00:52:13.000So it's for, you know, just around $5,000.
00:52:15.000You're going to get, this is a, um, So the nice thing about this is that, you know, if you look, go back 100 years ago, this $20 gold piece is what people use this to trade and barter with.
00:52:27.000They would buy, you know, $20 100 years ago, you could, you know, you could take your wife out to dinner, you could buy groceries, and you'd still have money left over with a $20 gold piece to give you some idea of how the dollar has fallen.
00:52:41.000I know people like today are like, what do you mean a $20?
00:52:44.000I mean, you could trade this $20 for For $20 too, but $20 in gold would pay a lot about 100 years ago.
00:52:50.000So this is in the Fresh and Fit package, the $5,000.
00:55:25.000It's just pretty rare just because they were in circulation.
00:55:28.000But yeah, it's the fresh and fit starter package.
00:55:32.000So for five grand, you get some gold, you get some history, you get some silver, and it's a good split to get someone started and investing in precious metals.
00:55:43.000I spent like $8K to $10K just buying silver, and I didn't get as much as that or gold.
00:55:48.000So that's a pretty damn good deal to get in.
00:55:50.000And guys, honestly, if you get that, You don't really got to buy any more pressed metals if you just kind of want to have something just so that you want to diversify.
00:55:58.000That's a great way where you can kind of enter in, get your gold, get some silver, put it in a safe, forget about it.
00:56:04.000And if the rainy day ever comes, you just have it there.
00:56:06.000Because when I went ahead and I bought my first, you know.
00:56:10.000I spent like $8K to $10K roughly on silver.
00:56:16.000And I kind of, looking back, I wish I had some gold because gold is obviously worth a lot more and it's going up.
00:56:22.000So this is a great way to get in guys.
00:56:24.000If someone wants to spend a little bit more, you can get, what we'll do is in the rare coins, you can get, And that whole package together would be less than $10,000.
00:56:41.000And that's a really cool set because that's all the coins that were in circulation.
00:56:45.000So you get a $2.50 gold piece, a $5, a $10, and a $20, plus all this silver for a little bit less than $10,000.
00:56:53.000And that would be like the really coolest.
00:56:55.000And if you think about it, that's what a person 100 years ago would have in their pocket.
00:57:00.000They would have those coins in their pocket.
00:57:02.000So if someone wanted to spend a little bit more and get that whole set, they could do it, or they could just go ahead and start with the starter package.
00:58:01.000You need to get yourself into some precious metals, man.
00:58:03.000Again, I think $5,000 is cheap and a great way to kind of get in so that you can put that in your safe and you have it no matter what.
00:58:08.000And it's really an insurance policy, man.
00:58:10.000You know, I always tell you guys, you know, have a good amount of cash that you can liquidate anytime, but having precious metals is another thing that you could do.
00:58:30.000So the first thing, I would always just ship it back to us.
00:58:33.000Frankly, we're going to give you the best price because you bought it from us.
00:58:37.000If you can't do that, then the other option would go like locally and to try to sell it.
00:58:42.000But most of our clients, that's the beauty behind us and Noble Gold is that you want to make sure that you have a dealer that you have a two-way street with.
00:58:51.000Because like for instance, right now, everybody's like buying from Costco because they think it's a great deal.
00:59:13.000You know, the problem with people a lot of times is they buy from a dealer and they buy some crazy coin that nobody wants and then they try to sell it and they realize, well, yeah, nobody wants to buy this thing.
00:59:23.000You've got to buy items that people are buying and selling and buy from a dealer that's buying and selling all the time.
00:59:35.000So I think the biggest thing is buying from a reputable place and making sure that they have a liquidation process that makes sense for you.
01:00:04.000Okay, let's see if we can hit some of these questions.
01:00:06.000Guys, if you've got any questions on precious metals, man, please get them in.
01:00:09.000Like I said, guys, you don't got to make a decision today, but, you know, we're just kind of putting this in your head, letting you know what's going on here.
01:00:14.000The fact that we bought back a bunch of bonds, that's scary, dude.
01:00:19.000Speedy says, if you're a person that doesn't know how money works, then what are some books to help you get started on how to learn how money works?
01:00:28.000I mean, when people ask me this stuff, I think the number one thing is you need to figure out how to make money before you think about investing.
01:01:05.000Figure out a way to not spend everything that's coming in.
01:01:08.000Once you get $5,000, $10,000, $15,000, $20,000 a side, then you can go out, you can read my book, Silver's a New Oil, or you can look at these investment books.
01:01:16.000The number one thing is you've got to get enough money, as you know.
01:01:20.000Put away, and then start thinking about, find something you're really good at, make a career.
01:02:11.000I think that right now, maybe the thing that he's saying that's accurate is that maybe you can't buy real estate at prices that make sense.
01:02:20.000If you can't buy it and get a return or you don't think there's significant upside, then yeah, just stick it in bonds or buy gold and silver and just wait for things to happen.
01:02:29.000But to say that bonds are going to pay more long-term than good real estate is just, I Yeah.
01:02:42.000Yeah, bonds is like a safe way to put your money in where you don't got to worry about anything, but it's like, at the end of the day, the growth is so slow.
01:03:58.000If the bank's paying you 4%, there's a reason.
01:04:00.000They can go out into the market and invest it and make 10, 20, 30. The bank's not in the charity business.
01:04:08.000They're paying you 4% because they can make 15% or 20% in the market or other places.
01:04:12.000So yes, it's safe and maybe you need to do that.
01:04:22.000I mean, as you know, you just bought another piece of real estate.
01:04:25.000You need that money to work for you, and it's never going to work for you in bonds.
01:04:30.000Bonds are like when you're last 10, 15, 20 years of your life, and you're just trying to wind it down, and you just want it in something safe.
01:04:38.000But if you're young and you're looking to grow, you cannot retire on 4% returns.
01:05:02.000It may not be, but ultimately you can't live on 4% bond money because it just, in the world we're in today, the cost of everything is going up substantially more than that.
01:05:37.000So if I shipped it to the UK or if I shipped it to anywhere, So we don't do it.
01:05:44.000It just doesn't make sense for anybody.
01:05:46.000If you want to buy gold and store it here in the U.S., which a lot of investors do because they feel more comfortable storing it here, we can do that for you.
01:05:55.000We can store it in Delaware, Texas, or in Canada.
01:05:58.000So we can store gold for people living internationally.
01:06:02.000But at the end of the day, you typically want to buy in the country that you're in because you're going to avoid a lot of tax doing it that way.
01:06:29.000He's basically saying because women are the majority of consumers in the United States, so he's saying does that have an effect on investments?
01:07:53.000Is there a benefit can you be buying a purchase about like a 401k or just buy a flat value and hold it for the rainy day or need it?
01:07:58.000Yeah, I mean, a lot of people lost jobs or have old 401ks.
01:08:01.000Ks you could roll that into a gold IRA with us so basically it moves from that 401k in stocks into So we can do that for you with any old 401k or any IRA investment, or you can just buy it directly.
01:09:51.000Put it away in investments and forget about it.
01:09:54.000And I guarantee you, you know, Kiyosaki is going to be right.
01:09:57.000You know, 20 years, we're going to see gold at, you know, $15,000, $20,000, $30,000 an ounce.
01:10:01.000And you'll be happy and you'll go, wait a minute, I saw that crazy guy who's, you know, talking about gold at $3,200 and now gold sitting at $15,000 or $20,000.
01:10:10.000And, you know, they feel pretty good about silver sitting at, you know, $300, $400 an ounce.
01:10:15.000So it's one of those things, you just buy it, sock it away for a rainy day, and in the end, you'll be happy that you did.
01:10:22.000Because the debt that we've created, the dollar devaluation, all that's happening in the world, it's not going anywhere.
01:12:36.000He wants to buy a duplex, but that depends heavily upon where he's trying to live.
01:12:41.000I mean, 10K in savings, bro, you're barely going to be able to get a duplex unless you live in the middle of nowhere and the house is worth nothing.
01:12:49.000But, I mean, hell, bro, with that, I mean, you could buy, you could definitely, with that $2,300 you make a month, you can go ahead and take advantage of this deal.
01:12:55.000Since you're getting free money like that, you can save that money for two months and go ahead and get this.
01:13:00.000This gold package deal with the silver.
01:13:02.000Yeah, I mean, I think this guy, Austin, is doing great.
01:13:20.000I think the next thing is like finding that next big opportunity to like really make some money, like to really kind of grow his portfolio.
01:13:28.000But if he continues every year to just add an ounce of gold, add some silver.
01:14:21.000You're going to talk to, you know, a real person, not a bot.
01:14:24.000You're going to talk to a friendly person if you're looking to get good information.
01:14:28.000But I think it's always good to start your journey.
01:14:30.000We got this $5,000 fresh and fit package, or if you have an IRA, we can help you.
01:14:35.000But, yeah, it's a great time to start, and it's never too early to start investing.
01:14:40.000I think the biggest thing that I would tell people is, like, start to make some money, grow, and then start to think about investments.
01:14:47.000If you can start in your 20s and 30s, by the time you're retired, Your 50s, 60s, and 70s are going to be in a great position, and you'll sleep better at night starting this journey.
01:14:56.000So I appreciate you having me on, as always.