What's going on with the economy? Our Economic Expert, Colin Plume, joins the program from Noble Gold Investments to talk about economic news, what's happening in Russia, and what's going to happen across the board. Learn how you could protect your wealth with Noble Gold Investing at noblegoldinvestments.co/thecharliekirk Show is the official gold sponsor of The Charlie Kirk Show, and you hear us talk about Noble Gold quite a lot here. They are the official Gold Partner here at the show, and I gotta tell you, in a world where there are a lot of shady actors in the gold space, do you ever hear the feedback? Do people ever call in and ask questions about the company? Do you ever see the reviews and see if the company is doing what they say they are doing? Do they back up what they are saying and what they're doing? I can say Noble Gold is an ethical company through and through because I got to know Colin because it starts at the top and it starts with the CEO! And it's important that people take the time to check out the reviews to see if they agree or disagree with what the CEO is saying. If you don't like the reviews, then you should check the reviews out and give it a try. It's a great place to spend your time and money. You can get involved with Turning Point USA by becoming a member today at turningpointusa.org/theCharlieKirk Show. And if you like what Charlie is doing, you'll get access to all the latest in the latest gold and precious metals news and information on the world's best resources. and more! You'll get a discount code: CHILLYKIRK. at CHALLENGEYKURK! to receive 20% off your first month and get 10% off of your first order! CHALKERRYkIRK SHOW PRICING! CHECK OUT OUR MURDERING A YEAR! CHALKBERRYKURCHERRY? CHECKOUT OUR PATREON PRODCAST AND MORE! CHALLERRYKERRYLLY KIRK IS THE BEST FRIENDS? CHANDLEKER? CHEERS? CHALKBOARD? CHECK THEM OUT! CHEERLEK? CHAD'S PRODUCED? CHODYKIRKS? CHANELLEKIS?
00:00:42.000He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.
00:00:49.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:01.000Noble 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.
00:01:11.000Learn how you could protect your wealth with Noble Gold Investments at noblegoldinvestments.com.
00:01:28.000Colin is with Noble Gold Investments, and you guys hear us talk about Noble Gold quite a lot here.
00:01:34.000They 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?
00:02:38.000The 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.
00:03:07.000It's a 600% increase, so it's a huge number for them to increase.
00:03:11.000They're also the third largest gold producer in the world.
00:03:15.000So they're producing a lot, and they're also buying a lot.
00:03:18.000And it just shows that a lot of countries besides the US are wanting to buy assets.
00:03:25.000They see the value in owning tangible assets.
00:03:30.000Because 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.
00:03:40.000Yeah, there's so much hocus-pocus in the markets.
00:03:44.000A lot of speculation, a lot of elevated and, I think, overly ambitious valuations.
00:03:52.000And it's kind of sobering to be able to then touch your money.
00:04:13.000And 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.
00:04:22.000And so today, we're in this cycle that even if we lower rates, we're addicted to cheap money.
00:04:48.000By 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.
00:05:16.000I mean, I don't know why that emergency created a situation where rates had to be low for so long.
00:05:25.000And even Greenspan, he talks about gold, and he always says that gold is a great barometer to how he was doing his job.
00:05:32.000And 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.
00:05:43.000And then if it drops, maybe I'm a little too tight.
00:05:46.000So he actually looked at gold as a great barometer to how we're doing things.
00:05:51.000And I would say right now is the most interesting time because we actually raised rates the quickest we've ever done, right?
00:06:03.000So we raised rates to hopefully tighten things up, yet gold skyrocketed.
00:06:08.000So, 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?
00:06:19.000That means there's so many dollar bills in the system.
00:07:15.000But you go back, I mean, you go back this year, you know, gold's outperformed the S&P.
00:07:19.000You go back the last three years, it's outperformed the S&P.
00:07:22.000So 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.
00:07:32.000Bank of America is now saying gold's going to hit $3,000 an ounce.
00:07:36.000So the Western community sort of missed the boat, but Russia and China, and India and Brazil and all the BRIC countries have
00:07:45.000Yeah, and so if there was even to be a design of a soft landing, what would that look like?
00:07:52.000Oh, I think the idea of a soft landing where, you know, unemployment feels good and the markets
00:08:00.000feel good and real estate comes back, I think is, in my opinion, totally impossible.
00:08:05.000I 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.
00:08:16.000Because really, things haven't gotten much better, and our debt just continues to go up.
00:08:20.000And 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?
00:08:29.000That's going to create more potential inflation.
00:08:32.000And 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.
00:08:50.000I 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.
00:09:05.000Because there's so much debt coming due, they won't be able to keep up.
00:09:08.000So 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?
00:09:14.000Are they going to take back all these properties?
00:09:19.000And 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.
00:09:29.000And some argue they could have done it last meeting, but they're going to do it next month.
00:09:34.000It doesn't necessarily bode well for regular people.
00:09:37.000Regular people are kind of saying in some ways, like, cash in the bank's paying a decent amount right now.
00:09:42.000We'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.
00:09:53.000Yeah, I mean, the everyday Americans, 70-75% Americans, do not like the state of the current economy.
00:10:25.000Americans are tired and frustrated by a stalling economy, inflation, endless wars, and the relentless assault on our values.
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00:11:28.000You 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.
00:11:38.000And I love, you know, I've seen videos online where people are like, oh, you can't, You can't take gold anywhere.
00:11:45.000I mean, I fly all over across the country with these items.
00:12:19.000Oh, Augustus Saint-Gon is the sculptor that created it.
00:12:22.000He was a famous sculptor, and he created those beautiful coins, which a lot of people say is the most beautiful coins ever created.
00:12:31.000But 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.
00:12:39.000And I always think it's an interesting thing to look at, because from the 1860s, 1850s, we always had in God We Trust.
00:13:11.000Yeah, so you look at that 1908 coin, it doesn't have the Ngawi Trust.
00:13:16.000Roosevelt 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.
00:13:26.000So he did it very intentionally, but Congress said, listen, you're not in charge of the money.
00:13:48.000People used those to buy things 120 years ago, and they still have tremendous value, and people are buying them today.
00:13:55.000So 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.
00:14:03.000I think it's just one of those things that's really great.
00:14:06.000It's not like, you know, when people bought these Rolexes and all these watches, this market just totally collapsed.
00:14:12.000Like, these things have inherent value.
00:14:14.000And we don't focus really on numismatics or coins, but I just thought I'd bring it just to What does that mean?
00:15:09.000They collect all these things, which is fine.
00:15:11.000But 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.
00:15:17.000And 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.
00:15:30.000I 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.
00:15:37.000I just want you as an objective onlooker and someone who deals in economic news to comment on it really quick.
00:15:44.000I mean, what would this do to the American economy from taxing unrealized gains?
00:15:52.000When 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?
00:16:21.000Because what would you do if the stock market's up, you'll tax them, and then what if it goes down the next year?
00:16:25.000Are you going to give them the money back?
00:16:27.000Is the government ever giving you your money back?
00:16:49.000We had last month saving babies with preborn by providing ultrasounds.
00:16:53.000And we're doing again this year what we did last year.
00:16:56.000We're going to stand for life because remaining silent in the face of the most radically pro-death administration is not an option.
00:17:01.000As 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.
00:17:07.000Your gift to preborn will give a girl the truth about what's happening in her body so that she can make the right choice.
00:17:55.000There'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.
00:18:09.000And then they say, well, you know, If you start to tax that, we won't be able to make investments in startups.
00:18:15.000We won't be able to give money over to venture capitalists and private equity folks and other things like that.
00:18:21.000What's your feedback to that distinction?
00:18:24.000Because 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.
00:18:44.000I 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.
00:19:16.000I mean, Warren Buffett over the last two to three months has been selling anything he can sell.
00:19:22.000So 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.
00:19:37.000And I remember 2008-2009 when Warren Buffett was really positive on the stock market.
00:19:42.000I don't know if you remember, but he was like, we're going to fix it.
00:20:22.000There'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.
00:20:29.000I mean, like very aggressive numbers that would make it very difficult for, I mean, business owners are already struggling with wages going up.
00:21:02.000And it's an interesting point about Warren Buffett.
00:21:05.000Has he signaled that he thinks a collapse is incoming?
00:21:08.000I mean, I don't think he wants to do it because it would be inherently not work for him to say that.
00:21:14.000Because 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.
00:21:33.000And 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?
00:21:42.000You 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.
00:21:50.000And there's more money going into Bitcoin ETFs than out yet.
00:21:55.000And 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.
00:22:02.000But actually, if you look at the trends over the last 12 to 18 months,
00:22:05.000most of the Western world has actually been dumping it.
00:22:10.000The growth in gold has been from emerging nations.
00:22:13.000You know, the emerging nations are growing GDP-wise, and they're growing with their gold reserves more than ever.
00:22:20.000I 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.
00:22:55.000So basically, one ounce of gold to silver.
00:23:00.000It costs basically 80 ounces of silver to one ounce of gold.
00:23:04.000And so, when you look at that ratio, that's a pretty high ratio.
00:23:07.000Typically, when gold is running, you see silver really kind of follow suit, and it hasn't.
00:23:13.000It 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.
00:23:58.000I 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?
00:24:05.000And silver's really the only thing out there.
00:24:08.000I'm looking at the chart, and just the chart for gold goes straight up.
00:24:11.000And so it's an indictment also of the current monetary status of the dollar, of kind of where we are currently sitting.
00:24:23.000And 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.
00:24:37.000So, how are you guys navigating this when people call in to Noble Gold Investments and they have questions?
00:24:50.000I'm diversified, so I'm not, like, telling you that this is the only thing in the world that you should own.
00:24:56.000I 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.
00:25:14.000I mean, that's the other thing people don't realize is that mutual funds can charge anywhere from 1 to 3%.
00:25:20.000And so unless you're like making significantly more than that, that can really hurt your bottom line.
00:25:44.000I'll be out there actually next month to do another audit.
00:25:47.000But 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.
00:25:56.000So it is different in terms of the fees.
00:25:58.000Like, people always say, like, oh, the fees, physical gold, it could be higher.
00:26:01.000And 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.
00:26:10.000There's no, like, trading fee, you know, in these mutual funds.
00:26:14.000And they're always trying to hide how they're doing it, right?
00:26:17.0001-3% 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.
00:26:30.000And it gets hidden in a lot of the paperwork.
00:26:35.000I 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.
00:26:42.000But actually, the way they did it was better because they made a fee based on picking good stocks.
00:26:52.000They're just trying to get the most money in.
00:26:54.000Whereas 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.
00:27:01.000And then if he didn't make money, you wouldn't use him again, right?
00:27:04.000I think that's a much better way to do it.
00:27:07.000But 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.
00:27:13.000And in general, is the gold market growing as far as dealers, vendors, companies?
00:27:19.000It seems as if you turn over a rock, there's another gold company, but going to an ethical one is pretty important.
00:27:28.000I think to get to where we are, where you're doing, we've done over $2 billion in gold and silver.
00:27:35.000To get to that number is getting harder.
00:27:38.000So 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?
00:27:51.000So 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.
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00:30:22.000Well, 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?
00:30:30.000Because they haven't hit their mandate, their 2% mandate.
00:30:33.000But they're worried about unemployment.
00:30:36.000But they should have been worried probably like six months, eight months ago, because now the true numbers are coming out.
00:30:42.000So I think we're going to hit probably closer to 5% unemployment.
00:30:46.000Obviously, a lot of people are after 18 months, they get out of the workforce too.
00:30:52.000And 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%.
00:31:03.000Even 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.
00:31:11.000Yeah, 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?
00:31:29.000And 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.
00:31:46.000Because letter of the law of the Fed, they have not hit the 2% number.
00:31:50.000And until they hit that 2% inflation number, they probably shouldn't be lowering rates.
00:31:55.000But they sort of now are looking at unemployment.
00:31:57.000So they're trying to manipulate everything they can to create the policy that they want and the agenda that they want.
00:32:04.000But 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.
00:32:49.000I think the next step will be when we start to see more layoffs.
00:32:52.000And that then will bring you your run of the mill, more of a normal type of recession.
00:32:57.000That's kind of what you're talking about.
00:32:59.000And lowering rates would also do the thing that they want.
00:33:02.000They want people to start getting money out of the banks.
00:33:04.000They want people to start investing and really start moving money and getting the economy moving because so many people are just sitting in cash.
00:33:15.000They'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.
00:33:21.000So 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.
00:33:32.000But ultimately, you've got to get assets that keep up with inflation.
00:33:39.000Even 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.
00:33:58.000Just to summarize again, it's noblegoldinvestments.com.
00:34:01.000People can get these beautiful coins from you.