The Charlie Kirk Show - A "Soft Landing" or a Big Economic Splat?

00:00:00.000 Hey everybody, thanks for joining the Charlie Kirk Show.

00:00:01.000 What's going on with the economy?

00:00:02.000 Our economic expert, Colin Plume, joins the program from Noble Gold Investments.

00:00:06.000 That's noblegoldinvestments.com.

00:00:09.000 Let's talk about economic news, what's happening in Russia, what's happening all across the board.

00:00:12.000 Become a member today to support our program.

00:00:14.000 It's members.charliekirk.com.

00:00:16.000 That is members.charliekirk.com.

00:00:18.000 As always, you can get involved with Turning Point USA at tpusa.com.

00:00:22.000 That is tpusa.com.

00:00:23.000 Start a high school or college chapter today at tpusa.com.

00:00:26.000 Buckle up, everybody.

00:00:27.000 Here we go.

00:00:28.000 Charlie, what you've done is incredible here.

00:00:30.000 Maybe Charlie Kirk is on the college campuses.

00:00:32.000 I want you to know we are lucky to have Charlie Kirk.

00:00:35.000 Charlie Kirk's running the White House, folks!

00:00:39.000 I want to thank Charlie.

00:00:39.000 He's an incredible guy.

00:00:41.000 His spirit, his love of this country.

00:00:42.000 He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.

00:00:49.000 We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.

00:00:58.000 That's why we are here.

00:01:01.000 Noble Gold Investments is the official gold sponsor of The Charlie Kirk Show, a company that specializes in gold IRAs and physical delivery of precious metals.

00:01:11.000 Learn how you could protect your wealth with Noble Gold Investments at noblegoldinvestments.com.

00:01:18.000 That is noblegoldinvestments.com.

00:01:20.000 It's where I buy all of my gold.

00:01:22.000 Go to noblegoldinvestments.com.

00:01:26.000 Colin, welcome back to the program.

00:01:27.000 Thanks, Charlie.

00:01:28.000 Nice to be here.

00:01:28.000 Colin is with Noble Gold Investments, and you guys hear us talk about Noble Gold quite a lot here.

00:01:34.000 They are the official gold partner here of The Charlie Kirk Show, and I gotta tell you, in a world where there is a lot of, let's just say, shady actors in the gold space, do you ever hear that feedback, Colin?

00:01:45.000 Do people ever call?

00:01:46.000 Yeah, unfortunately they do.

00:01:47.000 I do hear that a lot and we get those calls a lot.

00:01:52.000 I just think people need to take their time when they're doing this and check the reviews.

00:01:57.000 Unfortunately, a lot of times people rush into something.

00:02:00.000 We urge people to check us out and do the reviews and spend time.

00:02:06.000 You really gotta look at the company and who owns it and see if the owner's out there like I am.

00:02:12.000 I'm willing to come out and talk about metals and it's important that they back up what they're saying and what they're doing.

00:02:20.000 I can say Noble Gold is an ethical company through and through because I got to know Colin because it starts at the top.

00:02:26.000 Yeah, thank you.

00:02:27.000 So something's going on with Russia.

00:02:30.000 I read something about Russia and gold.

00:02:34.000 Yes, they are on a buying spree.

00:02:38.000 The BRIC nations are meeting October 22nd, 23rd in Russia and so they're They've pretty much been buying before they plan the invasion, and they're doing a lot of trading directly with China, but they just announced last week that they're going to go from buying a little over a million rubles a day in gold to eight million a day, which is quite a shock.

00:03:07.000 It's a 600% increase, so it's a huge number for them to increase.

00:03:11.000 They're also the third largest gold producer in the world.

00:03:15.000 So they're producing a lot, and they're also buying a lot.

00:03:18.000 And it just shows that a lot of countries besides the US are wanting to buy assets.

00:03:25.000 They see the value in owning tangible assets.

00:03:30.000 Because they realize that we've created so much debt in the world that we can't keep up, and so the only way to protect yourself is to have something tangible to kind of back it up.

00:03:40.000 Yeah, there's so much hocus-pocus in the markets.

00:03:44.000 A lot of speculation, a lot of elevated and, I think, overly ambitious valuations.

00:03:52.000 And it's kind of sobering to be able to then touch your money.

00:03:58.000 What is this?

00:03:58.000 You gave this to me.

00:03:59.000 Yeah, that's a Saint-Gauden coin.

00:04:03.000 They started making the Saint-Gauden in 1907.

00:04:07.000 And that one is interesting because it's a 1924 Saint-Gauden.

00:04:12.000 So it was a hundred years ago today.

00:04:13.000 And just to think about what you could buy With $20 a hundred years ago, the buying power was so tremendous just with a small amount of money.

00:04:22.000 And so today, we're in this cycle that even if we lower rates, we're addicted to cheap money.

00:04:31.000 Yes, we are.

00:04:32.000 Right?

00:04:32.000 And people don't realize that it really started after 9-11.

00:04:36.000 I mean, we weren't doing great before that, but we weren't doing as bad.

00:04:41.000 But since 9-11, the last 23 years, the amount of debt we've created It's something that we've never seen in the world.

00:04:47.000 I totally agree.

00:04:47.000 Let's go into that.

00:04:48.000 By the way, I just did a whole show on how—I'm not a fan of Dick Cheney—like the Cheney-Bush regime made a decision to open up the guzzle of cheap money, which financed war and a welfare state.

00:04:58.000 So what exactly happened?

00:04:59.000 There was the Greenspan put, and then there was a decision to lower rates and keep them low after 9-11.

00:05:06.000 So the Financial Center gets hit, World Trade Center.

00:05:09.000 They say, we now have to use the Federal Reserve as a psychological mechanism, essentially.

00:05:15.000 Correct?

00:05:16.000 I mean, I don't know why that emergency created a situation where rates had to be low for so long.

00:05:25.000 And even Greenspan, he talks about gold, and he always says that gold is a great barometer to how he was doing his job.

00:05:32.000 And so he would say that, you know, when gold was sitting at $300 an ounce, he would say, if gold hits $400 an ounce, Then I know that my monetary policy is maybe a little bit too loose.

00:05:43.000 And then if it drops, maybe I'm a little too tight.

00:05:46.000 So he actually looked at gold as a great barometer to how we're doing things.

00:05:51.000 And I would say right now is the most interesting time because we actually raised rates the quickest we've ever done, right?

00:05:59.000 We did it over two years ago.

00:06:00.000 We raised rates to combat inflation.

00:06:03.000 So we raised rates to hopefully tighten things up, yet gold skyrocketed.

00:06:08.000 So, I don't think even Greenspan is probably sitting back going, wait a minute, what have we done to our economy that we could increase rates so much and gold still is skyrocketing?

00:06:19.000 That means there's so many dollar bills in the system.

00:06:20.000 There's so many dollars.

00:06:21.000 Yeah, exactly.

00:06:22.000 I mean, that's the big issue with us printing this much money.

00:06:27.000 You know, $100 trillion in debt every 100 days.

00:06:31.000 That's where we're at right now.

00:06:32.000 That's where we're talking about.

00:06:34.000 Yeah, 100. No way. In terms of debt, we're no one. I'm sorry.

00:06:39.000 1 trillion. Okay. Yeah. Sorry. 1 trillion every 100 days.

00:06:43.000 No, no, that's right. Okay. Got it. Yeah. Yeah. So I mean, that

00:06:46.000 right.

00:06:46.000 That's that trillion a year. Yeah. Oh, yeah. That's where we're

00:06:48.000 that's what we're talking about. So you're looking at a situation

00:06:51.000 where we've had gold Gold have this, and that's why the retail market and the

00:06:56.000 Western market totally missed this gold rush.

00:06:59.000 They missed it.

00:07:00.000 You know, we've been talking about it for a long time, for years.

00:07:03.000 And our investors have done, our community that became investors did very well.

00:07:07.000 They did.

00:07:08.000 Yeah, they did.

00:07:09.000 And, you know, they looked at gold and retail across the board.

00:07:12.000 They said, well, rates are high.

00:07:14.000 Gold shouldn't do well.

00:07:15.000 But you go back, I mean, you go back this year, you know, gold's outperformed the S&P.

00:07:19.000 You go back the last three years, it's outperformed the S&P.

00:07:22.000 So it's moved in a way that I would say is unusual, because the Western market, you know, the funds, the mutual funds are just now getting into the market.

00:07:32.000 Bank of America is now saying gold's going to hit $3,000 an ounce.

00:07:36.000 So the Western community sort of missed the boat, but Russia and China, and India and Brazil and all the BRIC countries have 0.99

00:07:43.000 obviously been riding this train up.

00:07:45.000 Yeah, and so if there was even to be a design of a soft landing, what would that look like?

00:07:52.000 Oh, I think the idea of a soft landing where, you know, unemployment feels good and the markets

00:08:00.000 feel good and real estate comes back, I think is, in my opinion, totally impossible.

00:08:05.000 I think in a normal world, with these rates, even where they are, and everybody wants rates to come down because they feel like it should come down, in a lot of ways, you could make an argument that they shouldn't.

00:08:16.000 Because really, things haven't gotten much better, and our debt just continues to go up.

00:08:20.000 And really with rates going down next week, which they are, they've obviously indicated at least a quarter point, that just opens up the money supply more, right?

00:08:29.000 That's going to create more potential inflation.

00:08:32.000 And if inflation is the big problem that everyone's really worried about, and I think they should be worried about it, I don't know how lowering rates It's going to help that.

00:08:43.000 It will open it up for businesses.

00:08:45.000 It will make it more desirable.

00:08:47.000 But prices will go up.

00:08:48.000 Prices will go up?

00:08:49.000 Yeah, 100%.

00:08:50.000 I think that the real benefactor to lowering rates is the Fed realizes that if they don't lower rates, commercial banks, banks next year will just be totally out of business.

00:09:05.000 Because there's so much debt coming due, they won't be able to keep up.

00:09:08.000 So with all this debt coming due in the next 12 to 18 months, if they don't start to lower rates a little bit, what are the banks going to do?

00:09:14.000 Are they going to take back all these properties?

00:09:16.000 No, they don't have the bandwidth.

00:09:18.000 They don't have to do it.

00:09:18.000 So they have to.

00:09:19.000 And then obviously it's great timing, you know, two months before the election to lower rates, which is something that I always felt that they were going to do.

00:09:29.000 And some argue they could have done it last meeting, but they're going to do it next month.

00:09:34.000 It doesn't necessarily bode well for regular people.

00:09:37.000 Regular people are kind of saying in some ways, like, cash in the bank's paying a decent amount right now.

00:09:42.000 We're actually, maybe housing prices coming down is not the worst thing in the world, but lowering rates will just, you know, the cheap money train will just skyrocket again, unfortunately.

00:09:53.000 Yeah, I mean, the everyday Americans, 70-75% Americans, do not like the state of the current economy.

00:09:59.000 Nor should they.

00:09:59.000 I mean, prices are out of control.

00:10:01.000 It's noblegoldinvestments.com.

00:10:02.000 Check it out right now.

00:10:03.000 Noblegoldinvestments.com.

00:10:05.000 And you get a free quarter-ounce gold standard coin, right?

00:10:07.000 Are one of these gold standard coins, or no?

00:10:07.000 Yes.

00:10:09.000 Well, those are very special.

00:10:11.000 Those are different coins, but they do get— You know how I know it's special?

00:10:13.000 It's in this kind of case.

00:10:15.000 Yeah, exactly.

00:10:15.000 When Colin brings it in a case— Then you know.

00:10:18.000 Then I know.

00:10:19.000 Otherwise, he's just throwing them out to everybody.

00:10:24.000 Hey everybody, Charlie Kirk here.

00:10:25.000 Americans are tired and frustrated by a stalling economy, inflation, endless wars, and the relentless assault on our values.

00:10:31.000 Thankfully, there's companies like Patriot Mobile that still believe in America and our Constitution.

00:10:36.000 I'm proud to partner with Patriot Mobile because they're on the front lines fighting for the First and Second Amendments, sanctity of life, and our military and first responder heroes.

00:10:45.000 Take a stand for conservative causes and put America first by switching to Patriot Mobile today.

00:10:50.000 You'll get the same nationwide coverage as the big providers because Patriot Mobile operates across all three major networks.

00:10:57.000 Plus, they back their service with a coverage guarantee.

00:11:00.000 Their 100% U.S.-based customer service team will find the best plan for your needs.

00:11:04.000 Go to patriotmobile.com slash charlie or call 972-PATRIOT.

00:11:08.000 Right now get a free month when you use offer code charlie.

00:11:10.000 Don't get fooled by other providers pretending to share your values or the same coverage.

00:11:15.000 Go to patriotmobile.com slash charlie or call 972-PATRIOT for your free month of service today.

00:11:20.000 That is patriotmobile.com slash charlie, patriotmobile.com slash charlie.

00:11:28.000 You know, part of the reason that we built a great reputation is we focus on bullion coins and bars, which I, you know, I bought a bullion gold bar today, which is, this is a one ounce gold bar.

00:11:38.000 And I love, you know, I've seen videos online where people are like, oh, you can't, You can't take gold anywhere.

00:11:45.000 I mean, I fly all over across the country with these items.

00:11:48.000 It's a 10-ounce silver bar.

00:11:50.000 And you can travel anywhere with these items.

00:11:53.000 They are completely liquid.

00:11:56.000 I brought you a few great coins.

00:11:57.000 And so I love the 1907, 1908.

00:12:02.000 Gaudens.

00:12:02.000 That's when President Roosevelt finally said, like, we have to have beautiful coinage.

00:12:07.000 We're an amazing country.

00:12:09.000 We've created something.

00:12:10.000 We've won.

00:12:12.000 And so he went to St.

00:12:13.000 Gauden and created the coinage that we use from 1907.

00:12:16.000 Where is that now?

00:12:19.000 Oh, Augustus Saint-Gon is the sculptor that created it.

00:12:22.000 He was a famous sculptor, and he created those beautiful coins, which a lot of people say is the most beautiful coins ever created.

00:12:31.000 But the coin that I bought that I always thought was interesting is that when they came out with the coinage, there's a coin that they took off in God We Trust.

00:12:39.000 And I always think it's an interesting thing to look at, because from the 1860s, 1850s, we always had in God We Trust.

00:12:47.000 It was just part of our DNA.

00:12:48.000 It was part of our trinity.

00:12:49.000 Yeah, it was who we are as a country, is that we had those, you know, those Christian values.

00:12:54.000 And so for a very brief six-month period, they released the coin, and it didn't have In God We Trust, and people got very upset.

00:13:03.000 Yeah, they got very upset about it.

00:13:03.000 Are you serious?

00:13:05.000 It wouldn't happen today.

00:13:06.000 It would not happen.

00:13:07.000 Well, yeah, it'd be interesting to see what would happen today.

00:13:10.000 I see it right here.

00:13:11.000 Yeah, so you look at that 1908 coin, it doesn't have the Ngawi Trust.

00:13:16.000 Roosevelt took it off because he thought money was kind of dirty and he didn't like some of the places that people were using money, you know, gambling institutions and whatnot.

00:13:26.000 So he did it very intentionally, but Congress said, listen, you're not in charge of the money.

00:13:30.000 We're in charge of the money.

00:13:32.000 They change it, and now ever since then they've had In God We Trust.

00:13:36.000 So it's a nice piece of history, and I always look at what people look at when they're buying things of history or relics or antiques.

00:13:45.000 Those things were in circulation.

00:13:48.000 People used those to buy things 120 years ago, and they still have tremendous value, and people are buying them today.

00:13:55.000 So the idea that you can Hold a piece of history that is unique and that, you know, people in the early 1900s were using, and it's also got gold in it.

00:14:03.000 I think it's just one of those things that's really great.

00:14:06.000 It's not like, you know, when people bought these Rolexes and all these watches, this market just totally collapsed.

00:14:12.000 Like, these things have inherent value.

00:14:14.000 And we don't focus really on numismatics or coins, but I just thought I'd bring it just to What does that mean?

00:14:21.000 What does numismatic mean?

00:14:22.000 Numismatic means the value has a rarity above and beyond the metal price.

00:14:30.000 These are bullion.

00:14:33.000 99.9% of what we sell is bullion coins and bars.

00:14:35.000 So you see what you get, basically.

00:14:36.000 You see what you get, exactly.

00:14:37.000 But a numismatic coin is a coin that has some history behind it.

00:14:42.000 The no motto, obviously, is an interesting story because it doesn't have one God we trust.

00:14:45.000 So there's certain coins in history There's a story recently about a, I think it's a nickel or

00:14:52.000 dime from 1975 that this family's been holding, and that coin's going to be worth

00:14:57.000 probably a few million dollars.

00:14:58.000 And it's a tiny little dime.

00:15:01.000 So it's fun.

00:15:03.000 These stories are interesting.

00:15:04.000 And I think people like to hold a piece of history.

00:15:07.000 They collect Civil War memorabilia.

00:15:09.000 They collect all these things, which is fine.

00:15:11.000 But I believe if you're going to own something that has some kind of value, you should have something behind it that will actually go up too.

00:15:17.000 And obviously the fact that they have gold in them is going to inherently push the price up over time, even if the rare coin value isn't as valuable as it once was, if that makes sense.

00:15:27.000 Yeah, of course.

00:15:28.000 Noblegoldinvestments.com.

00:15:30.000 I want to get to some of the economic stuff with Mark Cuban commenting on the economic plan and what Kamal Harris's plan would mean for the economy.

00:15:37.000 I just want you as an objective onlooker and someone who deals in economic news to comment on it really quick.

00:15:44.000 I mean, what would this do to the American economy from taxing unrealized gains?

00:15:48.000 Unrealized gains, yeah.

00:15:49.000 Where did he get this idea?

00:15:52.000 When they move the goalposts and when Americans right now are really struggling in retirement just to cover their normal day-to-day and then imagine someone that is in their 60s and 70s and 80s that has a majority of their net worth tied up either in the stock market or in their house and they're not ready to sell or maybe they're selling over time How do you tax them on an unrealized gain in those two assets?

00:16:21.000 Because what would you do if the stock market's up, you'll tax them, and then what if it goes down the next year?

00:16:25.000 Are you going to give them the money back?

00:16:27.000 Is the government ever giving you your money back?

00:16:29.000 No, of course not.

00:16:30.000 No, this would crush the American economy.

00:16:33.000 Yeah, and it wouldn't give any faith.

00:16:36.000 You know, part of what the government's job is is to give confidence militarily.

00:16:41.000 Allegedly.

00:16:42.000 Allegedly, and also fiscally.

00:16:46.000 Hey everybody, Charlie Kirk here.

00:16:47.000 What an unbelievable start to 2024.

00:16:49.000 We had last month saving babies with preborn by providing ultrasounds.

00:16:53.000 And we're doing again this year what we did last year.

00:16:56.000 We're going to stand for life because remaining silent in the face of the most radically pro-death administration is not an option.

00:17:01.000 As Sir Edmund Burke said, the only thing necessary for the triumph of evil is for good men to do nothing, and we're not going to do nothing.

00:17:07.000 Your gift to preborn will give a girl the truth about what's happening in her body so that she can make the right choice.

00:17:14.000 $280 can save 10 babies.

00:17:16.000 $28 a month can save a baby a month all year long.

00:17:19.000 And a $15,000 gift will provide a complete ultrasound machine that will save thousands of babies for years and years to come.

00:17:24.000 And we'll also save moms from a lifetime of pain and regret.

00:17:28.000 Call 833-850-2229.

00:17:31.000 That's 833-850-2229.

00:17:32.000 Or click on the pre-born banner at charliekirk.com.

00:17:36.000 That is charliekirk.com and click on the pre-born banner.

00:17:39.000 Also save moms from a lifetime of pain and regret.

00:17:41.000 I'm a donor of this organization.

00:17:43.000 They're terrific.

00:17:44.000 Go to charliekirk.com, click on the pre-born banner.

00:17:49.000 Let's play Cut34.

00:17:49.000 This is Mark Cuban, who I'm not a fan of, but he is correct on this Harris tax plan issue.

00:17:54.000 Play Cut34.

00:17:55.000 There's a whole bunch of folks in the Valley who I've been in touch with in the past week on this unrealized tax issue, gain issue, and where we've talked about, you know, those who are taking loans against their unrealized stock, etc., etc.

00:18:09.000 And then they say, well, you know, If you start to tax that, we won't be able to make investments in startups.

00:18:15.000 We won't be able to give money over to venture capitalists and private equity folks and other things like that.

00:18:21.000 What's your feedback to that distinction?

00:18:24.000 Because I wonder, once there's a critique of one policy, and you get rid of that policy, then, of course, it moves to the critique of the next version of it.

00:18:33.000 Well, of course.

00:18:34.000 But, OK, so what I told him was, if you tax unrealized gains, you're going to kill the stock market.

00:18:40.000 Going to kill the stock market.

00:18:42.000 So where does this idea come from?

00:18:44.000 I mean, I think it's the idea that, you know, there's people that her administration or whoever's around are saying, like, we need to tax those people.

00:18:53.000 We need to get that money out.

00:18:55.000 There's all this money tied up there.

00:18:56.000 We need to get that money out of there.

00:18:58.000 And then what they don't realize is that, yeah, there is a lot because there's 401ks and IRAs.

00:19:04.000 And right, there is a lot of money there.

00:19:07.000 People do need that money to live on.

00:19:09.000 They're saving it for the future.

00:19:11.000 And also, they're betting on the American economy.

00:19:15.000 Yes.

00:19:16.000 I mean, Warren Buffett over the last two to three months has been selling anything he can sell.

00:19:22.000 So I don't know if he believes that something like this could potentially happen, but he's been dumping, I mean, he's dumped Bank of America, he's dumped a lot of very large He's just sitting in cash, probably waiting to see what's going to happen over the next few months.

00:19:37.000 And I remember 2008-2009 when Warren Buffett was really positive on the stock market.

00:19:42.000 I don't know if you remember, but he was like, we're going to fix it.

00:19:45.000 We're going to make things happen.

00:19:46.000 He was like, best bet ever.

00:19:47.000 And he was doubling down.

00:19:47.000 Best bet ever.

00:19:49.000 He was buying more.

00:19:50.000 And now he's going into cash.

00:19:53.000 So I think that's pretty telling.

00:19:54.000 Bank of America is, if not the largest, probably the largest bank in the US, and he's Basically just continues to divest.

00:20:03.000 So I do think that people are concerned about the stock market and what this potential idea could do.

00:20:09.000 I mean, it's not a fair way to look at it, to have money that's sitting there that they're going to go after and potentially go after.

00:20:17.000 It's not only that.

00:20:18.000 She wants to raise corporate tax. 1.00

00:20:22.000 There's three or four different tax measures there that are that are very, I mean, and we're talking about corporate tax from 20 to, you know, she wants to go to 40.

00:20:29.000 I mean, like very aggressive numbers that would make it very difficult for, I mean, business owners are already struggling with wages going up.

00:20:38.000 With higher rates.

00:20:39.000 So they're already sort of struggling.

00:20:40.000 Then you add this potential tax.

00:20:42.000 I mean, are people really going to want to hire in this environment?

00:20:45.000 I think it's going to reduce excitement to hire more people.

00:20:50.000 Without a doubt.

00:20:51.000 And so the current state of the economy is not in a healthy place where most voters think or most Americans think.

00:20:58.000 And the stock market is all over the place.

00:21:00.000 It's up today.

00:21:01.000 It's down.

00:21:02.000 And it's an interesting point about Warren Buffett.

00:21:05.000 Has he signaled that he thinks a collapse is incoming?

00:21:08.000 I mean, I don't think he wants to do it because it would be inherently not work for him to say that.

00:21:14.000 Because obviously, if Warren Buffett came out and said, I'm dumping my stocks and Berkshire Hathaway is getting out, you know, and I don't feel confident.

00:21:23.000 I mean, that would be decimating.

00:21:24.000 Huge signal.

00:21:25.000 Huge signal to the economy.

00:21:26.000 So he hasn't done it.

00:21:27.000 But he's been unloading.

00:21:28.000 He's unloading a lot.

00:21:29.000 He's sitting in cash.

00:21:31.000 And I think that is a true sign.

00:21:33.000 And I think that what we have to look at is that, you know, the dollar And the stock market, a lot of it is just based on faith, right?

00:21:42.000 You know, gold's been actually very interesting that if you look at the last 12 to 18 months, there's been more money going out of gold than in.

00:21:50.000 And there's more money going into Bitcoin ETFs than out yet.

00:21:55.000 And this is the thing that people always say that the people that don't believe in gold, they say the only reason gold goes up is because there's more people buying it.

00:22:02.000 But actually, if you look at the trends over the last 12 to 18 months,

00:22:05.000 most of the Western world has actually been dumping it.

00:22:08.000 They haven't been hoarding it.

00:22:10.000 The growth in gold has been from emerging nations.

00:22:13.000 You know, the emerging nations are growing GDP-wise, and they're growing with their gold reserves more than ever.

00:22:20.000 I mean, more of our growth in the world is coming from emerging nations, and so they're growing and they're looking at assets that they can acquire, and so gold and silver have been those assets.

00:22:32.000 So gold is near all-time highs now.

00:22:35.000 And there was a bank that says they think gold is going to go to $3,000.

00:22:35.000 Correct.

00:22:40.000 Yeah, that's Bank of America believes that it's going to hit $3,000.

00:22:43.000 Yeah, I mean, I think that's because a lot of it has to do with the Western market just catching up now.

00:22:48.000 I mean, a lot of the big funds are looking to get into it.

00:22:50.000 And then also, you've got to look at the gold to silver ratio.

00:22:52.000 It's sitting at about 80 to 1 right now.

00:22:54.000 What does that mean?

00:22:55.000 So basically, one ounce of gold to silver.

00:23:00.000 It costs basically 80 ounces of silver to one ounce of gold.

00:23:04.000 And so, when you look at that ratio, that's a pretty high ratio.

00:23:07.000 Typically, when gold is running, you see silver really kind of follow suit, and it hasn't.

00:23:13.000 It hasn't really kept up, because gold broke its all-time high last year at over $2,000 an ounce, and silver is still sitting in the $29 range.

00:23:24.000 It's still half of its all-time high.

00:23:26.000 The all-time high of silver is about $50.

00:23:29.000 So, gold has made this massive move.

00:23:31.000 Silver hasn't moved yet.

00:23:32.000 A lot of it has to do with the industrial side of silver.

00:23:34.000 It hasn't really caught up.

00:23:36.000 But there is tremendous demand for silver.

00:23:39.000 They're using it in solar panels.

00:23:40.000 They're using it in electric vehicles.

00:23:41.000 There's a utility to it.

00:23:45.000 There's a utility to it, which makes it day-to-day more volatile, but also long-term.

00:23:50.000 I mean, I've seen Robert Kiyosaki talk about $300, $400 an ounce silver.

00:23:55.000 I think that's kind of aggressive.

00:23:58.000 I always think about with silver, it's like, what other item could you buy today that's cheaper than it was in the early 1980s?

00:24:05.000 And silver's really the only thing out there.

00:24:08.000 I'm looking at the chart, and just the chart for gold goes straight up.

00:24:11.000 And so it's an indictment also of the current monetary status of the dollar, of kind of where we are currently sitting.

00:24:23.000 And so the uncertainty that the markets are feeling can be best displayed also in the political instability that we're seeing, where people do not feel as if their leaders are making rational decisions that will actually empower them.

00:24:37.000 So, how are you guys navigating this when people call in to Noble Gold Investments and they have questions?

00:24:43.000 You guys are a resource to them.

00:24:45.000 Yeah, and I will say this.

00:24:48.000 I do believe in diversification.

00:24:49.000 I always talk about it.

00:24:50.000 I'm diversified, so I'm not, like, telling you that this is the only thing in the world that you should own.

00:24:56.000 I mean, there's other assets out there, and I do believe in being diversified, but we really just talk to people about what we do on the physical side, and I think it's an education in that you don't have to have all of your assets Tied up in funds or something where they charge a lot of annual fees.

00:25:14.000 I mean, that's the other thing people don't realize is that mutual funds can charge anywhere from 1 to 3%.

00:25:20.000 And so unless you're like making significantly more than that, that can really hurt your bottom line.

00:25:25.000 I mean, that's a lot over time.

00:25:26.000 And that's annually.

00:25:27.000 And as it goes up, those percentages don't go anywhere.

00:25:31.000 With our IRA program, our fees to store the metal and the custodian fee are flat.

00:25:36.000 They're $275 per year, and that's it.

00:25:39.000 And you audit it too, right?

00:25:40.000 And we do audit, yeah.

00:25:41.000 It's in Texas or something, right?

00:25:42.000 We have Texas and Delaware.

00:25:44.000 I'll be out there actually next month to do another audit.

00:25:47.000 But basically that $275 is flat so that You know, if you have $50,000 and it doubles, or it goes up, you know, wherever it goes to, it's flat.

00:25:56.000 So it is different in terms of the fees.

00:25:58.000 Like, people always say, like, oh, the fees, physical gold, it could be higher.

00:26:01.000 And actually, if you do it, and you're matching it to mutual funds, if you just buy gold and hold it for the long term, it's actually, over time, you could save a lot of money.

00:26:09.000 Because you're not getting charged.

00:26:10.000 There's no, like, trading fee, you know, in these mutual funds.

00:26:14.000 And they're always trying to hide how they're doing it, right?

00:26:17.000 1-3% if you go over 30-40 years in a portfolio, that could be millions of dollars, at least hundreds of thousands of dollars in lost revenue for an investor.

00:26:30.000 And it gets hidden in a lot of the paperwork.

00:26:32.000 Absolutely, yeah.

00:26:33.000 And you know, it's really changed.

00:26:35.000 I mean, I always look at, like, people look at the stockbrokers, how they were in the 70s, and they thought, like, oh, those guys were sharks and this and that.

00:26:42.000 But actually, the way they did it was better because they made a fee based on picking good stocks.

00:26:48.000 Now they don't.

00:26:49.000 They just get a management fee.

00:26:52.000 They're just trying to get the most money in.

00:26:54.000 Whereas before, you'd get a call from a stockbroker, and he's like, I got a cool idea, this blue chip stock, and he'd tell you about it, and you'd buy it, and they'd make money on that.

00:27:01.000 And then if he didn't make money, you wouldn't use him again, right?

00:27:04.000 I think that's a much better way to do it.

00:27:07.000 But we've moved to this new model where they just try to get the majority of your money, and they charge these large fees and management.

00:27:13.000 And in general, is the gold market growing as far as dealers, vendors, companies?

00:27:19.000 It seems as if you turn over a rock, there's another gold company, but going to an ethical one is pretty important.

00:27:24.000 Yeah, yeah.

00:27:25.000 No, there are new ones that pop up.

00:27:28.000 I think to get to where we are, where you're doing, we've done over $2 billion in gold and silver.

00:27:35.000 To get to that number is getting harder.

00:27:38.000 So there are some smaller firms that are popping up and they, you know, they want to get it when the price going up and anything, you know, it's like, you know, there's people out there that like, want to be influencers now, and how many influencers actually make any money, right?

00:27:49.000 Probably less than 1%.

00:27:51.000 So it's like, you know, really to get in and have that stability, where you have that volume, that big volume $2 billion that I think there's less of that available in the market.

00:28:01.000 It's Noble Gold Investments.

00:28:02.000 And also, other fun giveaways, stuff you want to be aware of?

00:28:06.000 Yeah, I mean, we always have different coins.

00:28:09.000 We're doing the Silver Trump Coins that we're giving away for IRAs.

00:28:13.000 Where's my Silver Trump Coin?

00:28:14.000 I thought you had it here.

00:28:17.000 I'm surprised you don't have one here.

00:28:20.000 I think it's in my office.

00:28:21.000 Yeah, so right now we're doing Silver Trump Coins for any qualified IRAs.

00:28:21.000 Okay.

00:28:26.000 We have Silver Flag Bars.

00:28:29.000 Yeah, we give away a lot of stuff but ultimately our goal is to get you the most bang for your buck.

00:28:34.000 So we don't want to be overly gimmicky.

00:28:37.000 The idea is that we do heavy volume and so we want to pass on good pricing and so that's really what we focus on.

00:28:44.000 Very good.

00:28:48.000 Hey everybody, Charlie Kirk here.

00:28:49.000 You've asked and MyPillow listened.

00:28:51.000 They're finally bringing you the most requested offer ever.

00:28:54.000 Right now, you can get the Queen Size Premium MyPillow for only $19.98.

00:28:59.000 MyPillow is made with patented adjustable fill.

00:29:02.000 It adjusts to your exact individual needs, regardless of your sleep position.

00:29:06.000 It helps keep your neck aligned and holds its shape all night long, so you get the best sleep of your life.

00:29:12.000 But that's not all, get their 6 piece kitchen and bath towel set for only $25, the brand new mattress topper for as low as $69.98, and their famous MyPillow bed sheets for as low as $25 and so, so much more.

00:29:26.000 Go to MyPillow.com or call 800-875-0425, use promo code Kirk To get huge discounts on all MyPillow products, including the premium queen size MyPillow for only $19.98.

00:29:36.000 That's the lowest price ever.

00:29:38.000 Don't delay.

00:29:39.000 Order today.

00:29:40.000 Use promo code Kirk at checkout.

00:29:41.000 That is promo code Kirk at MyPillow.com.

00:29:44.000 Check it out right now.

00:29:45.000 Wonderful organization.

00:29:46.000 MyPillow.com.

00:29:50.000 So Colin, I want to talk about how, let's play Cut 37.

00:29:52.000 These employment numbers keep on getting downgraded and revised.

00:29:55.000 Let's play Cut 37.

00:29:58.000 In June, the number was revised lower by $61,000.

00:30:00.000 So that takes you to $118,000 from $179,000.

00:30:01.000 And the change for July revised down by $25,000 from the $114,000.

00:30:03.000 So that takes you to $89,000.

00:30:03.000 18,000 from 179 and the change for July revised down by 25,000 from the 114K so

00:30:11.000 that takes you to 89. So together employment in June and July 86,000 lower

00:30:18.000 than previously reported.

00:30:20.000 Colin what's going on here?

00:30:22.000 Well, it is interesting because I think that, you know, now the Fed is sort of looking at those numbers going, that's why I have to lower rates, right?

00:30:30.000 Because they haven't hit their mandate, their 2% mandate.

00:30:33.000 But they're worried about unemployment.

00:30:36.000 But they should have been worried probably like six months, eight months ago, because now the true numbers are coming out.

00:30:42.000 So I think we're going to hit probably closer to 5% unemployment.

00:30:46.000 Obviously, a lot of people are after 18 months, they get out of the workforce too.

00:30:50.000 So the numbers would be much higher.

00:30:52.000 And then if you also take into effect how many people are actually taking a second and third job in the gig economy, I think you could probably argue that unemployment is probably 10 to 12%.

00:31:03.000 Even if you're paid full, they're not getting enough money to actually cover their day to day goods and how they're going to live.

00:31:11.000 Yeah, I think they've been manipulating the numbers and they wanted to just be able to raise rates next week to kind of create the shock event to potentially... Help them politically?

00:31:22.000 Yeah, I think so.

00:31:23.000 But have you ever seen this many revisions?

00:31:25.000 I can't remember.

00:31:26.000 No, I can't remember.

00:31:29.000 And I also think, you know, maybe it has happened over time, but I also think part of it is that we've been looking at these job numbers so closely, you know, everyone that's In real estate is waiting on bated breath to hopefully have rates come down so they can actually do some business.

00:31:46.000 Because letter of the law of the Fed, they have not hit the 2% number.

00:31:50.000 And until they hit that 2% inflation number, they probably shouldn't be lowering rates.

00:31:55.000 But they sort of now are looking at unemployment.

00:31:57.000 So they're trying to manipulate everything they can to create the policy that they want and the agenda that they want.

00:32:04.000 But as I said, I do think lowering rates, and then I do think maybe they just go bananas, they go QE again, like they did in 2009, 2010, and they really open up money.

00:32:16.000 That'd be so destructive.

00:32:18.000 And I think if unemployment hits that 5% number, I would not be surprised if they... They just open up the floodgates.

00:32:23.000 Yeah, that's what I think could happen.

00:32:24.000 Let's play Cut38.

00:32:25.000 CNBC says, we are in a type of recession.

00:32:28.000 That would lead to what you're saying.

00:32:29.000 Play Cut38.

00:32:31.000 I think we're in a type of recession eventually that comes due to this cycle of higher interest rates, higher inflation.

00:32:37.000 The stress that puts on the consumer eventually hits their savings rates, increases their delinquency rates.

00:32:42.000 That hits the employment markets where we're already starting to see some signs of companies slowing down in terms of hiring.

00:32:47.000 They've paused hiring already.

00:32:49.000 I think the next step will be when we start to see more layoffs.

00:32:52.000 And that then will bring you your run of the mill, more of a normal type of recession.

00:32:57.000 That's kind of what you're talking about.

00:32:59.000 And lowering rates would also do the thing that they want.

00:33:02.000 They want people to start getting money out of the banks.

00:33:04.000 They want people to start investing and really start moving money and getting the economy moving because so many people are just sitting in cash.

00:33:15.000 They've done this cash grab situation and they just want to sit in there because they're getting this rate that they're really feeling.

00:33:21.000 So lowering it, maybe the savings accounts are paying in the threes, maybe they start paying in the high twos, and that's going to get people to push back into the stock market, which is really what they're attempting to do.

00:33:32.000 But ultimately, you've got to get assets that keep up with inflation.

00:33:37.000 You have to put some money out there.

00:33:39.000 Even in the 4% in the bank, if you look at some of the other—gold this year is well over 20%—you have to make significantly more than that To keep up with the day-to-day living, the cost of everything, energy costs, food costs, everything has gone up significantly higher than the 3-4% in the reporting, so you've got to make a better return out there.

00:33:58.000 Just to summarize again, it's noblegoldinvestments.com.

00:34:01.000 People can get these beautiful coins from you.

00:34:03.000 Absolutely, yeah.

00:34:04.000 And a gold IRA.

00:34:05.000 Gold IRA, silver IRA, and I'd say silver.

00:34:08.000 Last thing I would just want to mention is the Samsung battery that we have going on.

00:34:12.000 This Samsung battery, if they can get it into a price that makes sense.

00:34:15.000 They're talking about, this is for EV vehicles.

00:34:17.000 They have a Samsung battery coming out.

00:34:19.000 They're talking about charging going from 45 minutes to an hour to go to about a nine or 10 minute charge.

00:34:27.000 and they're going from 300 mile charge to a 600 mile charge.

00:34:31.000 Silver, it's a silver carbon battery.

00:34:34.000 So, you know, all the things that people have been talking about,

00:34:37.000 EV and everything's happening.

00:34:38.000 Listen, I love gas cars and I have a lot of gas cars, but I also think if gas prices start to hit

00:34:43.000 $8, $10, $12 a gallon, you know, having another vehicle there to offset some of those costs,

00:34:50.000 you know, putter around your neighborhood.

00:34:53.000 And so you're not constantly filling up and having to keep going up and up.

00:34:56.000 So this Samsung battery is very interesting.

00:34:58.000 There's going to be a silver component in it.

00:35:01.000 So you've got to really look at silver as a silver option there.

00:35:03.000 Noblegoldinvestments.com.

00:35:05.000 Colin, great job.

00:35:05.000 Thank you.

00:35:06.000 Thank you.

00:35:06.000 Thanks so much for listening, everybody.

00:35:07.000 Email us, as always, freedom at charliekirk.com.

00:35:10.000 Thanks so much for listening and God bless.

The Charlie Kirk Show - September 09, 2024

A "Soft Landing" or a Big Economic Splat?

Episode Stats

Summary

Transcript