The Charlie Kirk Show - Is Inflation Ending... Or Has It Only Begun?

00:00:00.000 Hey, everybody.

00:00:00.000 Thanks for tuning in to The Charlie Kirk Show.

00:00:01.000 Colin Plum from Noble Gold Investments joins us.

00:00:05.000 That is noblegoldinvestments.com, promo code Charlie.

00:00:08.000 That is noblegoldinvestments.com, promo code Charlie.

00:00:12.000 So check it out right now.

00:00:13.000 And he's a wonderful partner.

00:00:15.000 I buy all of my gold and silver from him.

00:00:17.000 We talk about the economy.

00:00:18.000 We talk about Bitcoin.

00:00:19.000 We talked about cryptocurrency, silver.

00:00:22.000 We talk about Joe Biden's chief economic advisor and more.

00:00:25.000 That is noblegoldinvestments.com.

00:00:29.000 Charlie, what you've done is incredible here.

00:00:37.000 Maybe Charlie Kirk is on the college campus.

00:00:39.000 I want you to know we are lucky to have Charlie Kirk.

00:00:42.000 Charlie Kirk's running the White House, folks!

00:00:46.000 I want to thank Charlie.

00:00:47.000 He's an incredible guy.

00:00:48.000 His spirit, his love of this country.

00:00:49.000 He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.

00:00:56.000 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.

00:01:05.000 That's why we are here.

00:01:08.000 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.

00:01:18.000 Learn how you could protect your wealth with Noble Gold Investments at noblegoldinvestments.com.

00:01:25.000 That is noblegoldinvestments.com.

00:01:27.000 It's where I buy all of my gold.

00:01:29.000 Go to noblegoldinvestments.com.

00:01:34.000 Happy about this hour here.

00:01:35.000 We've been waiting for it for quite some time, and it is Collin Plume, friend of mine, and great American, great patriot, entrepreneur, who runs Noble Gold Investments, and I still have the silver you gave me.

00:01:47.000 Yeah, exactly.

00:01:47.000 Rip that plastic off.

00:01:48.000 You know what's so funny?

00:01:49.000 We gave Andrew such a hard time, because he tore the plastic, and we were with him for a month, and now you're telling me I could just take it off?

00:01:56.000 You could say, yeah, I mean, it's silver, so it's not going to have an issue.

00:02:00.000 So this is from the Istanbul Gold Refinery.

00:02:03.000 Is that where most silver comes from?

00:02:05.000 No, I mean, during the pandemic, we had to get creative and find different mints all over the world.

00:02:13.000 The U.S.

00:02:14.000 mint has a very overwhelming criteria for gold and silver that they receive.

00:02:22.000 So they were always at a disadvantage to private mints because The criteria that they want is not realistic.

00:02:28.000 It's just not a realistic way to do it.

00:02:31.000 So we can actually get gold and silver bars from many places all over the world at a much better price than the U.S.

00:02:38.000 meant, which obviously that's... And it's the same quality, yeah?

00:02:42.000 It's the same exact quality.

00:02:43.000 It trades everything on the market exactly the same.

00:02:47.000 At the end of the day, it's all about getting the most value, moving dollars to silver.

00:02:54.000 You want to get the most that you possibly can.

00:02:56.000 So going private with the volume that we do at Noble Gold, we can get great discounts, and that's the key to investors.

00:03:04.000 So, the story of gold this year is amazing.

00:03:07.000 And, you know, we've been partnering for quite some time.

00:03:09.000 We don't do investment advice.

00:03:11.000 I don't.

00:03:11.000 You guys do.

00:03:13.000 Because it's very clear about that.

00:03:15.000 However, I buy my stuff from you, gold and silver.

00:03:17.000 Love working with you guys.

00:03:18.000 And I want to get this chart up on screen here.

00:03:20.000 The price of gold was stable through January.

00:03:24.000 Up, down a little bit, February, March.

00:03:25.000 And then something happened in the beginning of March where it just started skyrocketing.

00:03:31.000 And it went from about $2,000-ish an ounce to now near $2,300.

00:03:35.000 So you look at that chart there.

00:03:38.000 That's just in this year.

00:03:40.000 We have tons of time here this hour.

00:03:42.000 What happened in March?

00:03:45.000 Yeah, I mean, a lot of it had to do with the fact that people are, you know, you see the major buyers of gold.

00:03:52.000 So you have central banks, obviously tremendous buyers, and China and many of the major banks are getting out of U.S.

00:04:00.000 Treasuries.

00:04:01.000 I mean, you've probably seen the reports of China dumping, you know, close to $100 billion in the last year of U.S.

00:04:08.000 Treasuries.

00:04:09.000 But what are they moving into?

00:04:11.000 What do they slide into?

00:04:14.000 People are dumping fiat money all over the world, they're dumping bonds, and they're looking for tangible investments just because they know that we're just at the beginning of this inflation.

00:04:23.000 Inflation's not going anywhere.

00:04:27.000 Jerome Powell said they've had a hard time staving off inflation.

00:04:32.000 We're still in the mid-3s.

00:04:34.000 I think it's worse than that, but yeah.

00:04:36.000 Yeah, of course, the numbers are worse than that, but that's the numbers that they're reporting.

00:04:40.000 So it's really what you're seeing is central banks, and this has been going on for probably 10 years, is they're moving away from U.S.

00:04:47.000 Treasuries.

00:04:47.000 U.S.

00:04:47.000 Treasuries 10 years ago were at about 70% in central banks, now they're at about 58%.

00:04:52.000 So they're moving away, and now you have all this de-dollarization talk, and it's becoming rampant.

00:05:00.000 Everyone's doing it, and so it makes sense For countries like China, obviously Russia, they're not going to be in U.S.

00:05:08.000 Treasuries anymore.

00:05:09.000 It doesn't make any sense for them to have U.S.

00:05:10.000 Treasuries because they're just going to get taken away.

00:05:12.000 No one's going to be able to reciprocate trade with them, so they want to be in gold.

00:05:18.000 So it's just a natural thing that has happened, and I think a lot of it was built in.

00:05:23.000 I was saying in November last year that I was expecting 2,300 gold.

00:05:27.000 Yeah, and you were totally right.

00:05:28.000 You came on this show and basically called your shot.

00:05:31.000 And people were like, oh, he's a typical gold guy.

00:05:31.000 Yeah.

00:05:33.000 I'm like, that's legit.

00:05:35.000 I'm very conservative with my expectations.

00:05:39.000 And I think that when I look at the markets and you just see all this money moving out of typical safe haven investments, Then it makes sense for gold to make sense.

00:05:49.000 And I think also people are realizing that the banks paying for 4.5% is really, and I hate to use this term, but I'm going to, it's really fool's gold.

00:06:01.000 Right?

00:06:02.000 If the bank is willing to pay you 4.5%, what do you really need to make out in the market?

00:06:08.000 So everybody that really has any sense realizes that that 4.5% is just, they're throwing that at you because they're going to make 15-20% on the market, right?

00:06:18.000 In whatever investment they can.

00:06:20.000 And that's really the kind of returns that people need to keep up with true inflation.

00:06:25.000 What is gold up this year?

00:06:27.000 Gold is up from January, I think we're at like 26-27% from this year.

00:06:35.000 And then silver also went on a... No, I have a whole thing on silver, I'm going to go through.

00:06:40.000 So I think it's what it is, is like, you know, you have people that realize, they're starting to open up to the idea that you can't just rely on a 401k.

00:06:50.000 You can't just rely on your employer, that you have to have these different assets out there.

00:06:55.000 Having a self-directed IRA in gold or in real estate You know, I heard you talking about recently talking about how you know The federal government owns so much land and they should sell that land to the states and to individuals and that would be a big coup So I think that there's there's just opportunities out there that that people are looking at and alternative investments gold Bitcoin, you know, these investments that no one was talking about 10 years ago are becoming very popular with everyone.

00:07:26.000 Well, and so I want to take a step back, and then I want to get into the silver thing, because we have silver right here.

00:07:30.000 And silver is interesting, because they're usually related, but they're not always correctly related.

00:07:35.000 Correct.

00:07:36.000 But the principles of what we're living through, it doesn't take someone who is overly sophisticated.

00:07:44.000 So when the government controls the money supply, and the money supply expands artificially, and there's only so much silver in the world, and there's only so much gold in circulation, correct?

00:07:58.000 Correct.

00:08:00.000 If dollar bills continue voluminously, then all of a sudden the finite becomes more valuable, because then you have more dollar bills chasing fewer goods.

00:08:10.000 Right, correct.

00:08:12.000 The reason I knew that gold was going to go to $2,300, because if you just look at inflation of other items that we are buying every day, like food and electricity and all these other things that we need, And electricity and energy is obviously very interesting, because it does tie into silver.

00:08:30.000 But I knew that we were going to have this ramp of gold, and now it's sort of testing.

00:08:36.000 Once it broke $2,000, that was a real testing point.

00:08:39.000 And I remember in 2008, mid-2008, 2009, when gold broke $1,000.

00:08:46.000 And everyone was saying, you know, you had these hairy dents, and a lot of these guys saying it's going to go back to $300,

00:08:51.000 and they, you know, talking about all these things.

00:08:53.000 But what they didn't realize is that we have This debt that we've accumulated and our GDP growth, we've done something we've never done.

00:09:02.000 And that's why they really couldn't understand it.

00:09:06.000 They couldn't understand that gold could hit these numbers because we've done something.

00:09:10.000 We've expanded the money supply.

00:09:12.000 We've created way too much debt for any country to live on.

00:09:16.000 I mean, we're at 120% GDP debt.

00:09:19.000 We owe far more than what we're worth.

00:09:21.000 Yeah, and so how do you continue to do that?

00:09:24.000 How do you sustain that?

00:09:25.000 And then now we have this, you know, really predicament of, you know, higher interest rates.

00:09:31.000 And how is the Fed going to try to pull those interest rates down?

00:09:34.000 But they also have a predicament because nobody wants to buy our treasury bonds.

00:09:38.000 And so if nobody buys our treasury bonds, the bond prices have to go up, the rates have to go up, they have to be able to, we need to have these bonds continue to sell.

00:09:45.000 So that's why this year, I did think that they were going to lower rates a little bit quicker than they have.

00:09:51.000 But, and mostly because I thought they would do it to try to move Biden.

00:09:56.000 A hundred percent, but they've been skittish on that.

00:09:58.000 They've been skittish because they technically, based on their mandate, they actually can't do it.

00:10:03.000 They cannot.

00:10:04.000 What mandate?

00:10:04.000 Their own mandate?

00:10:05.000 Well, they have to go back to two percent, right?

00:10:07.000 So if they lower rates, and then inflation goes to five percent.

00:10:10.000 Which it will.

00:10:11.000 Which it would, yeah, it would.

00:10:12.000 Then they're sort of in a bad predicament, and they've gone against what they're supposed to do.

00:10:16.000 Yeah, if they were to lower rates, the inflation crisis could have gotten worse for Biden.

00:10:20.000 Correct.

00:10:20.000 Absolutely.

00:10:21.000 So they're actually helping Biden by doing nothing, but it doesn't really help because growth is not what it should be.

00:10:26.000 Right.

00:10:27.000 And people can't afford homes.

00:10:28.000 So the ruling class regime is like, well, better to have kind of stagnant growth than... I mean, if you get to 5% inflation, you get to really... That's very, very unstable.

00:10:39.000 Just so we're clear, inflation and monthly rates are still over 5% nationally.

00:10:44.000 It's remarkable.

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00:11:50.000 You're reading some book right now about World War II?

00:11:52.000 Oh yeah, I'm like in a World War II... I love learning what people are reading.

00:11:56.000 So you're on a kick on World War II?

00:11:57.000 Yeah, I'm reading... Rick Atkinson, he did a number of books about World War II.

00:12:01.000 And funny enough, on the ride over here, the gentleman that drove me was a veteran, so we started talking about the book.

00:12:09.000 He served in Vietnam, and yeah, so I'm always just fascinated.

00:12:12.000 And World War II, I've spent probably too long of my life studying it.

00:12:17.000 I'm just fascinated about how they did it, how they got from, you know, how they moved all these people from the water and into the land, and it was impossible.

00:12:25.000 The amphibious nature of it.

00:12:28.000 No one had ever done it successfully.

00:12:30.000 And there really wasn't a trial run.

00:12:32.000 I mean, there was training, but There was this open question, can we actually get the men on the beach?

00:12:38.000 Yeah, exactly.

00:12:39.000 Because they couldn't paratroop them all in.

00:12:41.000 No.

00:12:42.000 They did some reconnaissance in Sicily they wanted to see, but they never did it until they did the actual run.

00:12:49.000 And the part I was just reading about was about General Patton. 0.95

00:12:54.000 He's a maniac. 0.99

00:12:55.000 He was a maniac. 0.99

00:12:56.000 He was quite an interesting character. 0.80

00:12:58.000 But one of his things that he wanted, he didn't want them firing,

00:13:03.000 he wanted it to be a surprise.

00:13:04.000 He wanted to just, Yes.

00:13:06.000 And his quote was, I wanna get on the beach 0.99

00:13:09.000 and I wanna stomp on their necks. 0.99

00:13:12.000 And that's basically what they did. 0.95

00:13:14.000 It really was—I mean, I'm a believer in God, and I think we both share a belief in the higher power, which is that it was a God thing that the Germans didn't take the warning seriously.

00:13:24.000 Right.

00:13:24.000 They were dispatching for approval, for reinforcements.

00:13:28.000 They didn't believe that the Western forces would actually hit Normandy.

00:13:31.000 Right.

00:13:32.000 They thought it would be, what, 60 miles up the beach at a different landing sector?

00:13:34.000 Correct.

00:13:35.000 Is that right?

00:13:35.000 Yes, absolutely.

00:13:37.000 And they also just didn't think it was possible to move that many people.

00:13:41.000 And listen, a lot of soldiers perish because it's just such an undertaking to get these huge trucks and all this manpower onto the land.

00:13:53.000 But ultimately, some would say it was one of the things that won us the war.

00:13:58.000 Well, and just so you know, we remember D-Day a couple weeks ago.

00:14:01.000 The Battle of Normandy went on for a couple months, because once they hit the beachhead,

00:14:06.000 then all of a sudden the Nazis consolidated a ton, a ton of troops, and the street fighting began.

00:14:13.000 Began, correct.

00:14:14.000 And it was basically a mowing field. I mean, the film Saving Private Ryan does really capture

00:14:20.000 that, I think, better than any other picture.

00:14:23.000 Yeah, absolutely. Yeah. And it was also a time where it...

00:14:28.000 It was, you know, people wanted to join, you know, people were, this was a time where actually people did want to do this.

00:14:36.000 And they wanted to fight, the thing they talk about a lot in this book is that they were fighting for their country, but they were fighting for their their brother, the person next to them. That was the main...

00:14:47.000 they did surveys.

00:14:48.000 That was the main reason that they wanted to get out of fight is they didn't want to let

00:14:51.000 their brother down. And that kind of mentality is why they were the greatest generation and it's

00:14:58.000 also sort of lost today. You just don't see that kind of mentality.

00:15:04.000 I'm trying to get people to fill in a mail-in ballot, not storm in Normandy Beach.

00:15:08.000 Right.

00:15:09.000 It's not that hard.

00:15:10.000 No, it's not that hard.

00:15:12.000 No, that's so deep.

00:15:13.000 Yeah.

00:15:13.000 So let's just talk more macro.

00:15:15.000 You're talking to a lot of everyday investors.

00:15:17.000 Yes.

00:15:18.000 Also big institutional guys, guys that are on hedge fund, Wall Street, across the board.

00:15:23.000 There seems to be a trend that is now harmonizing amongst high income and low income where we want to go to assets we can touch like silver.

00:15:31.000 Right.

00:15:31.000 We want to go to assets like gold or something where there's only a finite amount.

00:15:35.000 Is this a growing indictment of the U.S.

00:15:37.000 dollar?

00:15:38.000 Yeah, and I think that it's not if it's going to happen, it's sort of when, right?

00:15:44.000 Because you look at the BRICS countries, not to go outside this country, but to just talk about the BRICS nations are coming together and that coalition is really growing.

00:15:54.000 In their October meeting, October 22nd and 24th in Russia, they specifically are going to be discussing how to get away from the de-dollarization, how to create their own currency, and they've had significant talks about doing it in gold and having gold-backed, which would be unbelievable to the market.

00:16:14.000 So you vote for the gold market?

00:16:16.000 Correct.

00:16:16.000 But in some ways, would they be limiting themselves?

00:16:19.000 I mean, they would have to have awful, incredible fiscal discipline.

00:16:23.000 Yeah.

00:16:23.000 Because it's hard to finance wars.

00:16:25.000 I think one of the reasons we have such big government and such crazy wars is because we don't have a dollar-based currency.

00:16:32.000 The biggest reasons against having a gold-backed currency is that it doesn't allow them to finance for war.

00:16:41.000 Regulate recessions or do it but but also limits the size of the state, but is that necessarily a bad thing?

00:16:47.000 I think it's amazing Yeah, I mean absolutely kind of Jeffersonian, you know love of small limited government, right?

00:16:53.000 I truly believe that the state was able to get I mean, it's not belief.

00:16:57.000 It's a fact and Got to huge levels because we destroyed our currency and we decided to open it up to a fiat currency.

00:17:03.000 Correct, correct.

00:17:04.000 You get big government, big war, and you get big DC.

00:17:07.000 Six trillion dollar organization, largest organization ever in the history of the world, because we could just print money on demand.

00:17:12.000 Yeah.

00:17:12.000 I just wrote a thing to his book.

00:17:14.000 I said, Colin, you are gold.

00:17:16.000 Isn't that great?

00:17:17.000 Yeah, I appreciate that.

00:17:19.000 Promo code charlie at noblegoldinvestments.com.

00:17:21.000 That is noblegoldinvestments.com.

00:17:24.000 Okay, I want to, let's get to silver.

00:17:26.000 What's going on with silver?

00:17:27.000 Silver, yeah.

00:17:28.000 So we have a shortage, a 2024 shortage, about 17%.

00:17:34.000 And it's, you know, obviously we have solar panel growth.

00:17:38.000 Every time, you know, oil price fluctuates.

00:17:40.000 But as you see oil prices start to go up, then people, they want electric cars, they don't want electric.

00:17:46.000 I mean, you can go a million different ways, but it doesn't seem like it's going to get any cheaper oil.

00:17:51.000 And so you're seeing the demand skyrocket in so many industries.

00:17:57.000 China is obviously doing a tremendous amount of solar panels.

00:18:00.000 And so you have this just tremendous industrial demand.

00:18:04.000 And they just can't keep up mining wise.

00:18:06.000 Now, when silver was in the low 20s, I would talk to miners, and they would say, we can't sustain mining.

00:18:13.000 And what I'm hearing now is in the high 20s, It's becoming very difficult.

00:18:18.000 So that's the thing that I always look at.

00:18:20.000 And, you know, early in the show, you said, you know, I predicted with gold and I was right about gold.

00:18:25.000 And I think silver is really still low relative to where it was.

00:18:31.000 It has broken $50 an ounce twice.

00:18:33.000 It broke it in 1983 and it broke it in 2011.

00:18:37.000 People remember, you know, a quantitative easing 2009 to 11 and things, you know, the money supply opened up, which I predict, and I've been saying this for a year and I think I'm laying on it, I do think we're going to see some kind of opening up of the money supply happening soon.

00:18:50.000 So they're going to lower rates then?

00:18:52.000 I think they're going to either lower rates or they're going to expand in a different way.

00:18:56.000 I think they need to get more money out.

00:18:57.000 They'll just quantitatively ease more?

00:18:59.000 Yes.

00:19:00.000 I do think they're going to do that.

00:19:01.000 They need to.

00:19:02.000 They need to get more money out into the market.

00:19:05.000 Either way you look at it, silver's sitting at... But we don't have a liquidity problem right now.

00:19:10.000 Right, I know.

00:19:10.000 But you've got to think, industry, they want the real estate market to move.

00:19:15.000 They need more jobs.

00:19:17.000 They want money velocity, I suppose.

00:19:18.000 Exactly.

00:19:19.000 That's exactly what they want.

00:19:20.000 And they need it.

00:19:21.000 So another way that you could do that also fiscally, not monetarily, by government just saying, here's universal basic income, which is a really bad idea.

00:19:30.000 Horrible idea.

00:19:30.000 And so, I mean, in the pandemic, that was your craziest year ever, right?

00:19:35.000 The luxury kind of industry, Louis Vuitton for example, that's where people spent their money.

00:19:42.000 And silver jewelry actually.

00:19:44.000 Is that right?

00:19:44.000 Silver jewelry from 2020 went up over 300%.

00:19:50.000 So yeah, you're right.

00:19:51.000 Louis Vuitton, makeup, a lot of these items.

00:19:54.000 So people spent the money they got from the government, which you never should have sent, not on stocks or saving money.

00:20:00.000 Yeah, I mean, 2020 to 2021, we had the lowest debt for about personal debt for about a year, there was a really good period where people, they still bought some stuff, but they really kind of shrunk down.

00:20:12.000 But actually, what they were doing is, like you said, they were just taking the government's money.

00:20:16.000 And they just kind of put it in a different place, whereas the smart money in that situation should have said like, hey, I'm going to buy Amazon stock or something, or I'm going to learn a trade.

00:20:26.000 I'm going to do like, you know, and this is the big thing that I'm excited about when with Trump is that I think the idea and everyone's, you know, pissed about the tariff talk and all this stuff, but ultimately like getting jobs back to our shore.

00:20:40.000 Absolutely.

00:20:40.000 But also, here's the thing, Trump has floated funding the entire government with tariffs.

00:20:44.000 That's really the most important thing.

00:20:46.000 Because at the end of the day, yes, costs of goods will go up, but wages will go up.

00:20:51.000 And that's a thing that people aren't realizing.

00:20:53.000 But also, here's the thing.

00:20:55.000 Trump has floated funding the entire government with tariffs, which by the way is the way

00:20:59.000 we used to fund government, or government for the income tax.

00:21:01.000 That if you do tariffs, if you are the world's superpower, which we still are, foreign investment

00:21:07.000 will come into your country then.

00:21:09.000 So they'll just say, okay, we need to do business with America.

00:21:12.000 We'll just build a plant in Oklahoma.

00:21:14.000 Or Texas.

00:21:15.000 Exactly.

00:21:16.000 And so the tariff structure is dangerous if you are a third world country. 0.99

00:21:22.000 But tariffs actually can do a tremendous good for your country if you are the incumbent

00:21:27.000 superpower.

00:21:28.000 And Trump was really the first president that I can recall that really took this on with China.

00:21:33.000 And it was because it's unpopular to A lot of wealthy business owners, they didn't like that idea.

00:21:41.000 They like the things... Well, they like cheap capital, but they don't care about the country.

00:21:44.000 Right, exactly.

00:21:45.000 Yeah, that's the whole thing.

00:21:47.000 And so I think that's really the big... And that's the big idea of what we do at Noble Gold Investments, is the idea of taking back... And I always talk about this when you see me anywhere.

00:21:58.000 I always talk about taking back your own control.

00:22:01.000 Yes.

00:22:01.000 And a big idea of taking back your own control with an IRA with us is that people get in

00:22:06.000 gold and silver, and there's been a lot of people this year that have taken profits that

00:22:09.000 bought gold from me at $1,400 an ounce four years ago.

00:22:13.000 And they're going to sell at $2,300, and they're going to go into some other investment.

00:22:18.000 And I think gold's going to continue to go up, but the idea that they can do that and

00:22:22.000 they have that control is really important.

00:22:24.000 The other thing that people don't realize with us is that we're one of the few instruments in the world, investments, that we don't make a monthly fee.

00:22:32.000 People don't realize how much the fees are in these 401ks.

00:22:35.000 They don't realize how much is going away.

00:22:36.000 And there's lots of studies about it.

00:22:39.000 Harvard and a lot of organizations have done it, that typical fees in a 401k are anywhere from 1% to 3%.

00:22:44.000 You know, we just make money when you buy gold from us.

00:22:47.000 That's it.

00:22:48.000 Even when you sell back to us, there's no profit for us.

00:22:50.000 Because I can just take back that gold bar and sell it to somebody else.

00:22:55.000 We've structured Noble Gold Investments so that we sell bars at the lowest possible price, we get you into good products, and then when the market's up and you go, hey, you know what, I've got to fix the roof, or I've got to do this, guess what?

00:23:07.000 This asset is liquid.

00:23:08.000 People want this asset.

00:23:10.000 They don't want dollars.

00:23:11.000 And you can feel it, and you can touch it.

00:23:13.000 100%.

00:23:14.000 And Noble Gold, you guys are super ethical.

00:23:18.000 There's a lot of other gold companies that are not exactly having great times right now, and you guys continue to be on the straight and narrow.

00:23:24.000 Yeah, and the reason a lot of our competitors are having problems is because they charge outrageous commissions, and now people see the price of gold at $2,300, and they go, well, I've got to be in profit now.

00:23:34.000 And guess what?

00:23:35.000 A lot of these people are not, because they went with a company that was selling them a commemorative coin.

00:23:40.000 They promised them free gold, like a lot, you know, $10,000, $20,000 in free gold and silver.

00:23:44.000 It's like, well, how do you think that happens?

00:23:47.000 It's because they're charging these fees.

00:23:48.000 We don't do that.

00:23:49.000 We sell bullion coins and bars.

00:23:51.000 That's what we sell.

00:23:54.000 Hey everybody, Charlie Kirk here.

00:23:55.000 Can't pay the IRS?

00:23:57.000 Haven't filed in a while?

00:23:58.000 Receiving threatening letters?

00:23:59.000 Yeah, it's about to get even worse.

00:24:02.000 The IRS is hiring an army of agents targeting hard-working Americans just like you.

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00:24:39.000 Schedule your free consultation now.

00:24:41.000 Call 1-800-2468-6000.

00:24:45.000 That is 1-800-2468-6000.

00:24:48.000 Or visit tnusa.com slash charlie.

00:24:51.000 That is tnusa.com slash charlie.

00:24:54.000 tnusa.com slash charlie.

00:24:59.000 So I want to play a piece of tape here.

00:25:00.000 This is one of Joe.

00:25:01.000 This is Joe Biden's chief economic advisor.

00:25:03.000 This guy, he runs the economy for the Biden administration.

00:25:08.000 Let's watch together.

00:25:09.000 Play cut 85.

00:25:09.000 The U.S.

00:25:10.000 government can't go bankrupt because we can print our own money.

00:25:15.000 Like you said, they print the dollar.

00:25:16.000 So why?

00:25:17.000 Why does the government even borrow?

00:25:19.000 Well, the.

00:25:24.000 So, I mean, again, some of this stuff gets Some of the language and concepts are just confusing.

00:25:33.000 I mean, the government definitely prints money, and it definitely lends that money, and then it lends that money by selling bonds.

00:25:40.000 money, and then it lends that money by selling bonds.

00:25:45.000 Is that what they do?

00:25:47.000 They, yeah, they sell bonds.

00:25:53.000 Yeah, they sell bonds, right?

00:25:55.000 Since they sell bonds and people buy the bonds and lend them the money.

00:25:57.000 Yeah.

00:25:59.000 Again, this guy is the chief economist.

00:26:02.000 He is the head of the United States Council of Economic Advisors.

00:26:06.000 He is a senior fellow at the Center on Budget Policy Priorities, and he can't tell you how the government is financed.

00:26:13.000 Continue, play cut 86.

00:26:15.000 A lot of times, at least in my year with MMT, the language and the concepts can be kind of unnecessarily confusing, but there is no question that the government prints money, and then it uses that money to... So, yeah, I guess I'm just... I can't really talk... I don't get it.

00:26:37.000 I don't know what they're talking about, because it's like...

00:26:42.000 The government clearly prints money, it does it all the time, and it clearly borrows, otherwise we wouldn't be having this debt and deficit conversation, so I don't think there's anything confusing there.

00:26:54.000 So, just to be clear, I thought that was AI when I first saw it.

00:26:57.000 I thought it was a deepfake.

00:26:59.000 This is Jared Bernstein, who again, it's not like he's some random intern.

00:27:04.000 This guy is the chair of the entire American economic strategy, chief economist, and economic policy advisor, and he is the chair of the Economic Advisory Council.

00:27:15.000 Your reaction, Colin?

00:27:15.000 These are the people that want to make economic decisions for your family.

00:27:18.000 Yeah, I mean, I think a lot of it comes down to just It's pretty simple.

00:27:22.000 It's debt versus GDP growth as a country and how do we increase that GDP growth and how do we get growth, wage growth.

00:27:33.000 And it was what we talked about earlier, is that the way you fix wage growth is you bring more manufacturing back here, which is what we're talking about.

00:27:40.000 Or you create tariffs that make it expensive, and we get a piece of the action.

00:27:46.000 So it's not just shipping jobs over.

00:27:48.000 And I think the idea of people focusing on US-owned companies and spending money here, which is what we are.

00:27:57.000 We've always been a US-based company.

00:27:59.000 We hire here.

00:28:01.000 A lot of companies I see out there, they're hiring talent all over the world.

00:28:05.000 And I believe that every dollar I spend with an employee here comes back, right?

00:28:10.000 And so the big picture of what he's confused about is a lot of it is that we're in such tremendous amount of debt, we don't have a choice.

00:28:18.000 I mean, once we went off the gold standard, once the dollar wasn't pegged by gold anymore, it's just been an absolute printing press.

00:28:25.000 And so yeah, there has been a lot of wealth that's been created in a smaller amount of people.

00:28:30.000 But ultimately, to get money back to the middle class in the right way is that we have to focus on bringing the right kind of jobs here, not government jobs, like the right kind of private sector jobs.

00:28:42.000 And the way that you do that is you make things again.

00:28:45.000 And so talking to a lot of business owners and people that are trying to preserve their wealth, inflation is a primary concern on people's minds.

00:28:53.000 Would you agree?

00:28:54.000 Yeah.

00:28:55.000 And that inflation is a choice and we are choosing to engage in inflation and even hyperinflation.

00:29:01.000 So what is then your prediction for gold and silver?

00:29:04.000 Well, also I would say like the Inflation Reduction Act.

00:29:08.000 has actually made inflation worse.

00:29:09.000 Go figure.

00:29:12.000 I think I look at gold and silver, and I look at, I always look at five to seven years.

00:29:16.000 And so I'm looking really at 2030 as a really interesting time for us.

00:29:20.000 And I know we will have gains before that time period.

00:29:23.000 But I look at where we're going with the next president and what could potentially happen.

00:29:29.000 And I think that if you believe that gold and silver will be items that are continued to use in industry,

00:29:35.000 if you believe that countries will back currencies by gold, Zimbabwe did it.

00:29:41.000 They did it.

00:29:41.000 Now, Zimbabwe is sort of a joke in terms of currencies.

00:29:44.000 Has it stabilized their currency?

00:29:45.000 Not yet, but the ZIG, they've backed it by $580 million.

00:29:51.000 Because obviously they had the heaviest inflation currency in the world.

00:29:55.000 If you believe that countries are going to do that, if you believe that we will continue to use silver in everything that we're using here today, then you have to look at what's the possible trajectory.

00:30:06.000 And I look at that compared to debt.

00:30:08.000 And if you look at 1983 when gold hit $900 an ounce and you look at today's price and you just look at the charts of how things have gone up from 1983 to today, I think you can make a very strong argument that gold could be three to six times higher by 2030.

00:30:23.000 And I think silver will make a very strong argument to break $100 an ounce.

00:30:29.000 I think that the mining cost is so expensive now.

00:30:32.000 Mexico has said they cannot continue to mine.

00:30:35.000 There's been silver mines that, even with the price going up, that have closed.

00:30:38.000 Because they can't afford it at the price, right?

00:30:40.000 Ultimately, they have to make a profit.

00:30:42.000 So even at $29 and some change, they believe it's still, it's not a profitable endeavor.

00:30:47.000 Which means eventually it will become profitable.

00:30:49.000 It will be.

00:30:50.000 Because if these mines shut down, then the price will end up going up.

00:30:53.000 Because there will be limited supply.

00:30:53.000 Correct.

00:30:53.000 Absolutely.

00:30:55.000 Yeah, absolutely.

00:30:56.000 So I think the future is bright.

00:30:59.000 And I think that it's getting away.

00:31:02.000 I don't think you should have all your money in assets that are managed with heavy fees.

00:31:08.000 And I definitely think having too much money in the banks is, even with this fool's gold of four and a half percent, I think people will look back So much more to discuss here economically.

00:31:29.000 The stock market seems a little more fragile than they ever want to lead you on to believe.

00:31:33.000 So how has gold and silver done versus the market?

00:31:38.000 It's definitely outperformed the S&P.

00:31:40.000 Let me rephrase that.

00:31:42.000 How has it done outside of any averages when you don't include the five biggest stocks?

00:31:47.000 Oh, then, yeah, I wish I had that number for it, but that would be like... You destroyed it.

00:31:50.000 Yeah.

00:31:51.000 I know the number.

00:31:52.000 So far, without the five biggest stocks, the market's up 0.3%.

00:31:55.000 Oh, OK.

00:31:57.000 And so, yeah.

00:31:58.000 We're like in the high 20s, so yeah, we've done a little bit.

00:32:01.000 But literally, I hope everyone understands, the stock market is being driven by five companies.

00:32:05.000 That's an oligarchy. 0.96

00:32:06.000 That's an oligopoly.

00:32:07.000 That is not free market capitalism.

00:32:09.000 Yeah, yeah.

00:32:10.000 And not everyone's 401k or their mutual fund is going to have those.

00:32:16.000 Maybe it hasn't now, but the growth's already been in there.

00:32:20.000 So that's something to think about, too.

00:32:21.000 I think that's what it is, is that people are getting more comfortable with the idea.

00:32:27.000 It's sort of an old-school investment, Charlie, in that the idea that not everything is somewhere else, the idea that you actually own something by yourself, is Is becoming more in fashion now.

00:32:39.000 And I think that, because if you think about everything else, someone owns a piece of everything else that you kind of own.

00:32:46.000 From your house, the bank owns some.

00:32:48.000 The government's, you know, doing heavy taxes every time you do something.

00:32:53.000 You know, people think real estate's such a great investment, and it can be long-term, but, you know, anytime you fix your house, there's fees, you know, there's a lot.

00:32:59.000 And there's property taxes, too.

00:33:00.000 There's property, heavy property.

00:33:02.000 So, And then you have the stock market, you just own a share of

00:33:05.000 a company, right?

00:33:06.000 You don't own it yourself.

00:33:07.000 So the idea with us that you could own something by yourself, you're in control of it, you

00:33:11.000 can store it on your own, or if you want us to store it in a segregated place.

00:33:15.000 I'm going to be out in Texas actually next month, unfortunately.

00:33:18.000 Is that where you store a lot of it?

00:33:19.000 We store a lot out in Dallas.

00:33:21.000 So I do a blind audit where I'll take a few hundred accounts and I'll spend two days and

00:33:25.000 basically open up the boxes.

00:33:27.000 Does it always correlate?

00:33:29.000 Yeah, I always joke with them like, oh, there's like three extra gold ounces here.

00:33:29.000 It always correlates.

00:33:34.000 With the guys in the vault?

00:33:35.000 They don't think that's funny.

00:33:35.000 Yes.

00:33:36.000 I think that's a great joke.

00:33:38.000 I've said that for the last, like, 10 years.

00:33:40.000 So good for them.

00:33:41.000 They're always doing it.

00:33:41.000 Every time.

00:33:42.000 And you have full audit rights?

00:33:43.000 Full audit rights, yeah.

00:33:44.000 And you just randomly pick 200 accounts?

00:33:46.000 So the day before I show up, I give them, like, 300 or 400 accounts.

00:33:49.000 I don't even want them to know.

00:33:51.000 Because I'm going to be there the next day, right?

00:33:53.000 I don't want any... And then what I do is, if it's... The way they do it with coal is they shrink wrap it, so then it won't be open.

00:34:00.000 I actually have to open it up myself, and then I'll go through... So there's no way they can manipulate it?

00:34:03.000 There's no way they can... And also, our depository also gets audited by their insurance company, too.

00:34:08.000 Oh good.

00:34:09.000 So a lot of times, it'll be like they just did an audit a month or two ago, and then I'm just doing another audit.

00:34:14.000 But you could choose to have the gold delivered to you.

00:34:15.000 Of course, absolutely.

00:34:16.000 And some people do that, but you better have good security.

00:34:18.000 I mean, you better.

00:34:19.000 Yeah, I mean, it's like, you know, people that are retired are traveling,

00:34:22.000 and so they don't always feel comfortable.

00:34:23.000 Sure.

00:34:24.000 And so, you know, it's something, you know, we've sent people millions and millions and millions

00:34:29.000 of dollars, and sometimes they don't wanna have it, so we'll store it.

00:34:32.000 And it's a very, the fees that we do are all, it's all insured, it's all segregated.

00:34:36.000 You know, that's the thing you have to watch out for, too.

00:34:37.000 Some of these brinks and some of these vaults, they commingle stuff.

00:34:41.000 And that's like the worst thing that you could ever have, is like commingled metals.

00:34:45.000 And I'm not just saying brinks. 0.87

00:34:46.000 There might be some horror stories with that stuff.

00:34:48.000 There's a depository in Delaware that went out of business recently that said they had gold and silver and nobody was doing audits or checks, and unfortunately they had like, I think, 50% of what they should have.

00:34:59.000 Or people can go to jail for that.

00:35:01.000 Yeah, the guy that owned that organization will go to jail.

00:35:03.000 So that's why, even though I trust the company we work for, you know, trust but verify.

00:35:08.000 And so I go and I do audits a few times a year, and I just want to get my hands on it.

00:35:12.000 And also, frankly, It's a blast.

00:35:15.000 I love doing it.

00:35:17.000 I love seeing it.

00:35:18.000 And then what I'll do is I'll send a note to those people and just say, I did an audit.

00:35:22.000 So I did it personally.

00:35:22.000 Well, they probably appreciate that.

00:35:24.000 Yeah, they do.

00:35:24.000 Yeah, yeah, yeah.

00:35:25.000 So it's noblegoldinvestments.com, promo code Charlie.

00:35:28.000 That is noblegoldinvestments.com, promo code Charlie.

00:35:31.000 And you guys also have commemorative coins, too.

00:35:33.000 Is that correct?

00:35:34.000 Yeah, we do.

00:35:34.000 Talk about the gold IRA.

00:35:35.000 Yeah, so an IRA, any old 401k for people that left, everyone's left a job, you might have an old account.

00:35:41.000 You know, it's really for someone that's looking to get out of So, anyone that's looking to learn, I'd say it's a great time to get educated.

00:35:47.000 something tangible and people always say, well, once I get into gold, can I get out?

00:35:50.000 You can absolutely, but if you feel like gold is something that you'd like to learn about,

00:35:55.000 you know, call us, use the promo code.

00:35:57.000 We also have a masterclass that we put together with Kevin Sorbo, our friend.

00:36:02.000 He's great.

00:36:03.000 So we have that if you wanna watch videos, 40 minutes of videos, he talks about the process.

00:36:07.000 So anyone that's looking to learn, I'd say it's a great time to get educated.

00:36:10.000 It's the summer, it's a little slower, maybe you got a little bit more time,

00:36:14.000 but don't put your head in the sand.

00:36:15.000 That's what I would say.

00:36:16.000 You have to take control of your own destiny.

00:36:21.000 That's where I get all my gold and silver from.

00:36:23.000 Noblegoldinvestments.com, promo code Charlie.

00:36:27.000 Colin, I hope you guys have a great year, and hopefully not too good of a 2025.

00:36:30.000 Say, what do you mean?

00:36:31.000 Because if Trump doesn't win, you're going to have the best year in the history of Noblegold Investments.

00:36:36.000 He's going to win.

00:36:38.000 I guarantee it.

00:36:39.000 Noblegoldinvestments.com, promo code Charlie.

00:36:41.000 Colin, thanks so much.

00:36:42.000 Thank you.

00:36:42.000 Thanks so much for listening everybody.

00:36:44.000 Email us as always freedom at charliekirk.com.

00:36:47.000 Thank you so much for listening and God bless.

The Charlie Kirk Show - June 19, 2024

Is Inflation Ending... Or Has It Only Begun?

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