Episode Transcript
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Speaker 1 (00:13):
Welcome to Man in
America, a voice of reason in a
world gone very, very, very mad.I'm your host, Seth Hullhouse.
So I feel like the the the pastweek or so has been, like,
watching some sort of soap operadrama on CBS when I was a kid.
It's like every every day,something crazy is happening.
(00:37):
Every minute now, seems,especially with with social
media, with Twitter, you go onthere, and it's like, oh my
gosh.
The whole world is is on theedge of World War three, and
then there's a ceasefire. Thenthere's not a ceasefire. And,
you know, Iran, then, you know,they bomb Israel. And, yeah, I
think a lot of us were stayingon the edge of our seats
because, what was it like, onlya week or two ago, we had these
no kings protests across thenation, and we're concerned
(00:57):
about civil unrest. And you'reseeing that, you know, LA is
turning into a third worldcountry, which I guess that's
been happening for decades now,California as a whole.
Apologize to all the Californialisteners, you probably agree
with me, that, you know,California is not the the the
nice American free place to be.But just looking at all this, I
find it to be just confusing.But whenever I feel like I'm
(01:19):
confused and watching what'shappening in the world, like to
take a step back and think,okay. What's really going on
here? Well, we know that the theglobal financial system, right,
this debt based, fiat basedsystem that's really tied into
the US dollar, this system isnearing its end.
It's it's we're nearing a placewhere the the overprinting and
(01:39):
the inflation and the debt isjust hitting that part of the
curve where it's almost goingstraight up, and it's not
sustainable. I it's it's almostlike the American government has
a credit card that has it's likea 80%, you know, rate on the
credit card, and you're onlymaking enough to cover a 5%
rate. You have to keep borrowingmore money to keep paying your
bill just just to pay off theinterest on the money that you
(02:01):
borrowed, and you can nevertouch that core balance, that
principal balance. And it's thatthe whole world is is in this
this weird place. And I'm notsure how you feel, but for me,
it's it just feels weird.
Like, the the world feels juststrange right now. And I and you
need this sense that some sortof big change is coming, yet you
don't know what it is. And,anyway, so joining me today is
(02:24):
my good friend Colin Plume. Andwhat we're gonna be looking at
is trying to break down some ofthe bigger picture aspects of
what's happening in The MiddleEast, but, you know, far beyond
that, is is a war is the needfor a war to cover up a
financial collapse, a global,you know, collapse of this debt
(02:45):
based system, which has becomecompletely out of control? And
my own research and a lot of theguests I've had on before, like
Martin Armstrong or Tom Luongo,I I really trust their instinct
when they've kind of put forththis exact same idea is that you
have to trace these things backto the banking system.
Right? As they say, all wars arebankers' wars. And so, even
(03:06):
though Trump has been reallytrying to thread the needle here
and trying to figure out how toget some sort of long lasting
peace in a region that's reallynever been peaceful, If the
banking's if the bankers and theelites behind these these
politicians, if they don't wantpeace, it's gonna be really hard
to have peace. That's just thereality of it. So, Colin and I
(03:27):
are gonna be looking at breakingdown what's happening with the
ceasefire, how that might affectsome other things, but then
diving into how it affectsprecious precious metals and so
much more.
So please enjoy the interviewwith Colin Plume. Colin, it's
great to have you back on theshow, man. Thank you very much
for joining us today.
Speaker 2 (03:44):
Seth, thanks for
having me on. No. So much so
much to talk about.
Speaker 1 (03:48):
Yeah. It it seems
like the past three to four days
that the the world has been,like, pushed to the the brink of
nuclear war multiple times. Wefinally, you know, you know, got
this announcement of of aceasefire, and then we find out
actually, I'll pull up, youknow, just a quick, you know,
Fox News article that and Israelaccuses Iran of violating the
(04:11):
ceasefire with missile and dronestrikes and threatens more
strikes. It reminds me of, like,you know, like, I've got a four
year old and a one year old.Like, they're fighting in the
room over something.
I go in there. Like, okay. June,give Grace the ball ball. You
know, Grace, give June Yeah. Thestick.
And then it's like, okay. We'resettled. And and, like, I go on
ten seconds later, I hearscreaming again. It just seems
(04:31):
like that's that's what's goingon over there.
Speaker 2 (04:34):
I mean, they've
they've been fighting for so
long. I I I don't know if theyknow how to stop fighting at
this point. And and I think, youknow, my opinion, Iran is trying
to save face. Right? I thinkthat, you know, they've said
that they're gonna destroyIsrael, and they're gonna
destroy their enemies.
And and even though, in theory,this is probably gonna end up
(04:58):
being you know, this theceasefire long term is better,
definitely better for the peopleof Iran. It's just they're just
so used to pushing this agenda,this hate, and this and and, you
know, it's it's it'sideological. Right? I mean, it's
not something that can turn youknow, so much of their time and
(05:21):
energy has been funding theseterror groups out there to to
try to undermine, you know,democracy and and also Israel
and and many other things. So II don't think you can just kinda
turn on a dime, but it it doesseem that a lot of it was just
to show that they're not weak.
(05:44):
And, you know, I think theAyatollah too doesn't doesn't
wanna lose power. Right? So Idon't I don't think he can just
back off immediately becausehe'll seem weak. And I think
he's trying to he's trying toprotect his his life his
livelihood and also probablyprotect himself in general. I I
wouldn't be surprised if heleaves the country at some point
(06:07):
here and and is, you know, on aplane to Russia or or somewhere
to to get out because it seemslike the there's gonna be a
movement there to to take overthat government, whether we're
involved or not.
I I just think it's moving inthat direction. But it's it's
definitely sent some shockwaves, you know, through the
markets. You know, people areare looking at, you know, safe
(06:30):
havens and what to do with theirmoney and, you know, asking a
lot of questions. So it's notyour typical summer type of
dynamic that it's a littleslower, and we've seen a lot of
movement in the markets. Andand, you know, interestingly
enough, I've seen a lot of, youknow, clients that bought from
us during the COVID that said,you know, they're bracing
(06:52):
themselves from anotherpotential you know, if we end up
having getting pulled into thisconflict, they think that
precious metals will do reallywell.
And and if you look at silverthis year, silver's outperformed
the S and P. Silver'soutperformed Bitcoin this year.
So silver's really started totake off, and platinum's also
performed really well. So you'reseeing these things that I think
(07:14):
you and I have been talkingabout and thinking it's gonna
happen, but you're seeing theseindustrial metals really start
to take off. And I think it willcontinue.
If we continue to send bombs,silver is a big part of it. They
use silver so much of thattechnology. So I think it's a
it's a strategic play for hedgefunds and also just regular
(07:34):
investors. They see theopportunity in silver right now.
So I think it's it's been a it'sbeen a very interesting time.
Hopefully, we can stay out ofthis conflict and and, you know,
also, hopefully, we we underminea a nuclear threat, a a pretty
dangerous one.
Speaker 1 (07:52):
You know? And one
thing that you know, I guess one
place my mind goes to, and andjust part of how my head works,
is I'm always kinda asking thewhy. I I got, you know, in
trouble a lot as a kid for that.Well, why is that? Well, why is
that?
Like, I I would never, you know,accept just, okay. Here's the
answer you must accept. It'slike, well, it wasn't good
enough for me. And so when Iwhen I think about this this
situation, you know, with TheMiddle East and, you know, I
(08:16):
reflect on conversations I'vehad with people like Martin
Armstrong or Tom Luongo orpeople that I I I have a lot of
respect for their kind ofoverview of what's happening,
not just with finance, but morejust the intersection of, like,
finance, global economy, andgeopolitics. Right?
And so much of what we seehappening is is theater. But
(08:37):
behind the scenes or, you know,hold holding the puppets, you
you get back into the bankingindustry. And there's been so
many voice out there saying thatthe global kinda banking system
built off the back of the fiatdollar as a reserve currency and
this overall kind of debt basedeconomy that it's reaching its
(08:58):
its its end. Right? Like, everyfiat currency has a life cycle,
and it's this global financialsystem is reaching its end and
that the bankers and and the theglobalists, they need a war.
Like, they it's like, you know,look at what with Putin. Like,
they've been poking him nonstop.Hey. Just press the button. Just
press the button.
(09:18):
Just press the button. Right.Because they they need this war
to create a reset. And so itmakes me think if if Trump is
negotiating a ceasefire, whichit seems like there's a lot of
hostility even towardsNetanyahu, which is interesting.
Obviously, there's hostilitytowards Iran, but it makes me
think is is he trying to kindathrow a wrench in the plans of
(09:42):
making sure that World War threehappens?
Speaker 2 (09:46):
Yeah. Yeah. That's
interesting. And, obviously,
there's a lot there's the, youknow, military industrial
machine too. There's so manycompanies that profit on us, you
know, escalating and goingfarther and sending more of
these what did I see?
The the b two bomber, each b twocost 2,500,000,000.0 or
something to that. So, you know,there's so much profit to be
(10:08):
made in us continuing thebattle. And talking about the
banks, I don't know if you haveresearched or done so much, but
the the BIS, I've done I've beenresearching more and more, and
and I think I'm gonna write,like, maybe a short white paper
on the BIS, but I think a lot ofpeople aren't familiar with, you
know, where all the, you know,international swaps and trades
(10:28):
happen, this BIS. And, you know,they're their own sovereign they
are their own sovereign nation.And and so if you look at this
kind of institution, you know,this institution does want
turmoil.
It does want conflict. It it'slooking for this to happen. And,
(10:52):
you know, if you dive in evenfarther into the BIS, you know,
you realize they have their ownthey have their own military,
and they're they're similar to,like, other organizations.
They're, like, sovereign in wayswhere they don't have to they're
not beholden to anyone. Theyhave their own set of laws.
They're protected. So thebanking institution, I I I agree
(11:14):
with you. I think, you know, isthis war is what's happening.
There is a lot of this to getour attention off what's really
happened, which is that all fiatcurrencies are in a very
desperate and decliningsituation. And and so that is
troubling for bankers.
They they want people tocontinue to, you know, have
(11:37):
these currencies and keep moneyin the bank and really kind of
focus in this direction. Also, II don't know if it's just kind
of timing, but, you know, thisis also when gold is becoming a
tier one asset. Right? That'sthat's gonna happen July 1 too.
So gold is is becoming more ofthe replacement of the dollar.
(11:58):
And so you have all these thingshappening, you know, on the
forefront in the news. You havethese conflicts, but really, you
know, The US is still, you know,$37,000,000,000,000 in debt.
This new big beautiful bill isgonna increase our debt, they
said over ten years by2,400,000,000,000.0, and that's
independent of other debt thatwe're already accumulating. So
(12:19):
sometimes I always wonder, is ita little bit of like the wag the
dog situation where we're tryingto get our attention away from
really the problem, thefundamental problem, which is a
simple problem of justoverspending. And and I look at,
you know, everyday Americans,you know, talking to them about
they're still battling theincrease in cost of goods that,
(12:41):
you know, what happened fromCOVID and the overspending that
we did in COVID and like dumpingall this money out there,
devaluing the dollar, devaluingtheir currency in such a steady
way.
So I think it's you know,sometimes I look at these
situations as like, is thisreally the conflict that's what
people should be looking at, orare they trying to take their
attention away from the biggerproblem, which is that really
(13:04):
our our debt is out of control,our spending is out of control.
And day to day, people are stillstruggling to to, you know, to
put food on the table. You know,the wages are not going up
enough. Real estate is in aterrible situation. I mean,
that's you know, I I thinkPowell and Trump after this
(13:25):
conflict sort of, like, is notis no longer the story.
I think Powell and Trump will bethe big story that rides the
news for the remainder of thisyear and until, Jerome Powell's
out of office.
Speaker 1 (13:37):
Yeah. You made a good
point, though, just in the fact
that I think a lot of what we'reseeing is a distraction. And not
not to say that you know, I'mnot I'm not saying that there's
not real bombs flying and thatthere's not real people that are
dying, but it it's side of hand.Right? And and you look at the
media and and the the infightingand all this stuff that's
happening.
But I do agree, though, thatit's like, you know, a couple
(13:59):
weeks ago, all this discussionwas on the big beautiful bill,
and you had Elon Musk who's veryanti big beautiful bill, Trump
who's very pro, yet everyonekinda divided in the middle. But
a lot of people were saying,look. This is just gonna
increase our debt exponentially.And it makes me wonder like,
makes me wonder, is theresomething that they know that we
(14:20):
don't know? Right?
And I've I've heard a lot ofdifferent theories, ideas. I'll
probably do a a big a big showon this soon about all these
indications that the that theelites perceive that there's
some sort of massive geo kindageophysical event coming, like a
pole shift or something. And ifthere's all these kind of things
being put into place to accountfor that, it makes me wonder.
(14:41):
It's like, do they know thatsomething bigger is coming?
Like, there's there's, like, a abigger shift coming, and and
everyone's trying to get out infront of it.
Mhmm. But I guess, you know, wewon't know until we know. Right?
We won't know until we we seethings because secrets of the
secrets of the secrets havealways been kept from us. And it
just seems like there's justthere's something like, I don't
(15:04):
know.
Is there something somethingabout the world today that I I
feel that maybe you do, maybeyou don't, but it's just that
Yeah. It's like we're almostliving in, a Truman show or
something like that. Yeah. Orwhat what do you think?
Speaker 2 (15:13):
Well, they, yeah,
they got rid of the penny. They
got they're gonna the next like,I think psychologically, like,
getting rid of the penny, andthen it's just like they're just
gonna go farther away from cash.You know, people are are they're
gonna try to get dollars out ofcirculation. And and, you know,
it's just another level ofgovernment control. Right?
(15:34):
I mean, that's tip that's what'shappening. I mean, the fact that
they don't want moneycirculating, they want
everything to be a digit, whichbasically mean the banks would
have control and then thegovernment. Like, you'd have no
control of your assets. Andthat's why I think until you
have physical metals in yourhand and you hold it and you go,
(15:55):
okay. I actually have some Ihave some wealth here that can't
be touched, that's outside ofthe control.
And you're seeing states, youknow, like Florida now making
gold money and Texas, like,these places, they're they're
the states are sort of moving inthe opposite direction and
trying to give people a littlebit more control, and then but
(16:17):
the federal government is reallytrying to control where your
money is going and havingaccess. You know, think about
it. If you had all your moneytied up in, you know, bank and
places that you can get accessto, they can they can put a hold
on it for whatever reason,whether it's true or not. They
could decide that you owe morein taxes. They could do a lot of
things.
(16:38):
So I think that there's likebehind the scenes, there's this
movement away from having anyphysical money, having anything
that you hold, because it givesthem just more access to tax you
or or penalize you. You know?And and everybody sees these
things happen, you know, day today, you know, and
unfortunately, people have had,you know, where their wages are
(16:59):
garnished or their, you know,their situation is like, well,
you know, how do people live ifthe government has access to all
your money? And so that'sanother thing that a lot of
people tell us is like, theyreally like the idea of like
having some money, some wealthsort of away from the
government. And and if thingsreally get bad, it gives them
the flexibility to go somewhere.
(17:20):
So if all your money's in thebank, and let's say you have a
dispute with the US government,you try to go somewhere, they're
just gonna freeze your accounts.You're not gonna have access to
that money. They're just gonnafreeze it, then where are you
gonna go? How are you gonna howare you gonna flee? And and you
see it a lot of times in some ofthese countries.
You know, you've seen inLebanon. I know some people that
fled Lebanon, wealthy people,and they were not able to take
(17:41):
any of their money out of thebanks. So there were people that
had businesses in Lebanon livingthere and then had to move to
The US to to finally get out ofthere, and they basically came
here with nothing. And Iactually met a friend of a
friend that came here and wejust so happened to be moving
and we had some furniture andthey like, we're moving into an
apartment. They had no money.
(18:02):
They had like literally just thecash. They had just a little bit
of cash. And so we helped them.We gave them some furniture to
kinda get started, and they camehere and started a business and,
you know, things are happening.But, you know, having all your
money tied into the bank is alittle scary because it does
give the banks and then thegovernment two entities that you
don't want controlling yourmoney access to to freeze it or
(18:25):
hold it.
They told me somethinginteresting when they were
fleeing Lebanon at the bank, ifthey had, like, $10,000, the
bank would say, well, we'll giveyou a thousand of you know,
that's all we can they wouldjust give you a fraction. And so
they took whatever they could,got in cash, and then just fled
out of the out of Lebanon. Youknow, these things can happen
(18:48):
anywhere. I mean, once you havethe banks in control, the
government in control of all ofyour currency. So it's I think
there's things happening behindthe scenes.
I think the first thing with thepenny and I know the penny
didn't make sense because itcosts 3¢ to make 1¢. But
fundamentally, you know, like,having a currency outside of the
control of a digit or online, Ithink, is is a good thing. So it
(19:10):
does make me a little concernedthat they're going away from it.
Speaker 1 (19:13):
Oh, me too. But,
also, if you look at the even
under Trump, there's been thismassive advancement of AI
infrastructure, you know,project Stargate. Think it was
like, you know, half a trilliondollar investment, you know,
with Neri Ellison and SamAltman. But also then looking at
a lot of the things that we'vebeen covering recently about
Palantir. And that's you know,Palantir because it seems like
(19:36):
that, you know, through Elon andthrough Doge, Silicon Valley and
and these big kinda these techthis tech empire got access to a
lot of the data and informationof the American people, through
through Palantir and kindabuilding a safer way and easier
way of managing our country.
But, you know, to me, that thatreally starts to paint the the
(20:00):
kind of early picture of somesort of technocratic state where
it's like, you know, you thinkthat, okay, whether it's taxes
or anything. If you've got AIthat is, you know, in in some
sort of centralized databasethat is monitoring, you know,
everything from ourconversations to our GPS
movement to our bank accounts,the the flow of our money, like,
(20:24):
everything that they're they'redigitizing, everything that that
that that basically this thisdata that's stored on a server
somewhere, that becomes thegreatest weapon and the
greatest, greatest threat toour, you know, our freedom,
really.
Speaker 2 (20:37):
Right. I agree with
you. Yeah. And I think, you
know, when you look at control,you know, as much as some of
these technologies will makethings easier, we lose a little
of that autonomy that I thinkmost people want in their lives.
You know, when I started lookingat crypto initially, you know,
(20:57):
there was these ideas of peoplegetting access to their data
that they would control, butthen it sort of it mutated to,
well, it'll just be on theblockchain, and the people will
have more access.
Well, you know, my my healthinformation, a lot of these
things, I I I don't want it onthe blockchain. I don't I don't
want other people to haveaccess. And I know they say
(21:19):
there's a closed circuit, andthey could do all these things.
But ultimately, you know, a lotof these data points are gonna
be used to either say I can, youknow, get insurance or not get
insurance or maybe, you know,bills could go up or things
could change or they could maybethey charge me more because I
make more, right? They haveinformation about me.
So a lot of these things, Ithink a lot of the stuff with
(21:41):
crypto, think started as goodideas, even Bitcoin started as
good ideas, but now have sort ofmoved into a place where it just
gives more control back to tech,which I think is what you've
been saying. And those things domake me concerned for me, but
more probably more importantlyfor my kids because with them
(22:02):
being on social media, I mean,they're not yet, but, you know,
who knows what's what'll happenin the future. And then just
this, you know, mutation ofdata, you know, and then data
points and, you know, facialimagery, it it becomes quite
scary for for an everyday personthat you're kind of losing
control of your your identity.There's, you know, there's this
(22:22):
big case with Disney wherethey're talking about, there's
this lawsuit we're just talkingabout, you know, they just want
to move to to kind of AI interms of movies. You know,
there's all this movement nowwhere they because they think
they can save all this money,which I guess in theory they do,
but, you know, paying people tobe actors, like, creates jobs
and it circulates money.
(22:43):
You know, if they if they'reable to create a movie and not
pay anybody, it just gives allthe money to that that one
organization, which would beDisney. So yeah, so I think
these are things that I sort oflook at and, you know, and also
just to go, you know, talk aboutsilver a little bit more, I was,
know, doing some research andsort of looking back at, you
know, because there's beenthere's gonna be a 170,000,000
(23:04):
ounce shortage this year. Youknow, peak silver in terms of
production, they say is 02/2016.And I think that's pretty
telling that that's where theythink the peak is. Also, if you
look at the price, price ofsilver was pretty flat from
02/2016, and it really didn'tstart moving again probably till
(23:27):
about mid two thousand twenty.
And that set a signal to themining community. See, the
mining community really hasdecided only recently that
silver again is a good place tomine because we're starting to
see some price movement. But ifyou if you look at silver
miners, this is why silver issuch an interesting investment.
(23:47):
If you look at silver miners, ittakes them ten to fifteen years
from start to finish to pullsilver out of the ground. And so
I think there's gonna be evenmore shortages of silver because
once silver hit its peak of 50in 02/2012, and basically went
(24:08):
on a huge decline, Silver miningdropped consistently.
And so you had this peak in 2016where they found the 900,000,000
ounces, but ever since then,it's been in 800,000,000 number
pretty consistently and it couldhang there. Maybe it it drops a
little bit from there. But ifyou look at the shortage that
(24:28):
we've seen, yeah, if you look atthe price, 2,016, it was pretty
flat. You're looking at $15.16dollars. So the silver mining
community just, it wasn'tprofitable for them.
Now, you know, coming in at 36,37, 38, I think they're gonna
start doing some silver miningagain, start the production
again, but it'll take them tenyears to to catch up. So that's
(24:51):
why I think, you know, and I Italked about it in my book,
Seth, which which I know you youlooked at, and and, you know, I
I sort of had this number of 36,37 on my radar this year just
because of the shortage. Andthat was even before I thought
about any of this militaryconsumption that we're gonna
(25:11):
have. And the militaryconsumption is pretty high. You
have submarines, destroyers, andyou have silver heavy, you know,
munitions.
You know, you have the the themissiles, Tomahawk, you know,
all these things, advanced radarsystems, they all use silver. So
if we're gonna be in this, youknow, quasi war for the next,
(25:32):
you know, year or two or threeyears, the silver consumption
could get pretty could go uppretty steadily just just in The
US, just in terms of militaryconsumption.
Speaker 1 (25:43):
Well and so I wanna
pull this chart back up and just
ask you a few questions based onthis. So looking at this chart,
I wanna just see if I'mfollowing something that you're
telling me here that I know wewe we've we've talked about. So,
obviously, we saw this huge peaklate two thousand ten, right,
approaching a $50 an ounce insilver. That when that came back
(26:04):
down, hitting a low in 2015basically, from 2015 to 2020, it
was frozen. Right?
You know, between $15.20 bucksan ounce. Like, there there was
very little movement across thatperiod. And then, obviously, you
know, COVID hit. We saw a spike.It went to close to 30.
(26:25):
And now we're seeing it, youknow, regularly now, you know,
trading above 30, hitting 35,36, 37. So and I correct the
understanding that, like,starting, say, 02/1617, with
silver at such a low, did a lotof companies pull back on silver
mining and shift into gold andand and other kinds of mining?
(26:49):
Because if it's like, you know,if I was a silver miner and I
went from 2010 being silver atalmost $50 an ounce to now it's
consistently at, say, $17 anounce. I might be thinking,
okay. How much money can Ireally make doing this?
And so Yes. But but then so wesaw a lot of mining companies
kinda shifting, but now thatwe're seeing silver spiking
(27:10):
again, but also we've got the AIarms race. We have the
continued, you know, mill youknow, military industrial
complex pumping out weapons ofwar, which will probably be
increasing. We're probablyalready increasing as we speak.
So is that gonna create asituation where, as you
mentioned, that silver minetakes ten, fifteen years, right,
to get going?
(27:30):
So do you think that we're gonnasee a situation where or are we
already seeing a situation wherewe're seeing massive shortages
in silver versus what the theoverall market is demanding,
especially for just, industrialuse.
Speaker 2 (27:45):
Yeah. And if you look
at it, if you look that chart's
a good example because, silverminers were saying that in
02/1112, that silver productionwas gonna cost 20 to, you know,
$25 an ounce. And so once silverbroke down to $15.16, they were
(28:05):
just they just shut down. Therethere'd be no reason to buy.
There's no profit.
And so it it it always works inin ten year cycles because if
you go back to 02/2001, theprice was, like, I don't know,
$7 for silver. It started tomove up, and then they started
in 02/1932. They're like, okay.We better start mining silver.
(28:28):
They started mining silver inthe '20, very profitable for
them.
And then it hit that peak of 50,and they're like, okay. And then
it starts to dwindle down, andthen it gets below the cost to
mine. And then so you have, youknow, from 2013 to 02/1819, just
no interest in silver mining. SoI think it started to pick back
(28:52):
up again in 02/2020, 02/2021,02/2022. I think they're gonna
they're gonna start to mine, butit's gonna take them until 2031
and 02/1932, sometimes longer.
It can take fifteen years for anew mine too. So you look at the
catch up, and it's just, youknow, it's just business. These
miners will just shift into whatexactly you said. They'll start
(29:14):
mining gold. They'll startmining other elements, you know,
other things that they can thatthey can pull out of the ground.
They they have to be profitable.And and mining gold is much
safer, you know, in terms oflong term. It's a it's a much
safer asset in terms of price.So the mining community in
silver right now is like, okay,we're in, we're looking good. If
(29:36):
we have any mines coming up inthe next two to four years,
we're going to be probablysignificantly profitable.
And then, you know, depending onwhere price goes, and then you
just look at labor costs, andall of those tools, everything
has gone up. So, you know, Ipredict that we'll see in the
next five years, like, you know,to pull silver out of the
(29:56):
ground, I think we're gonna seeit anywhere from, like, 30 to
$34 an ounce, and that'll leadus to a price of, you know,
above ground in the $50.55, $60range. And that's that's pretty
normal to have that kind ofspread between what the mining
is and and what they pulled outof the ground and what what you
(30:18):
can buy for above ground. Soit's a it's a interesting game
when you look at mining and, youknow, but you really have to be
thinking long term. And if yougo to a lot of these, you know,
conventions that that for miningand you you look at Robert
Kiyosaki and you look at allthese guys, he keeps just
holding up silver and silver.
So I think there's a prettymassive opportunity right now
(30:40):
just because of the lag time topull silver out of the ground.
And then, you know, I think ifyou couple that with just
overall, you know, fear in theequity markets, I still think
we're gonna see that kind ofpush on the retail buyers into
the silver market. So it's it'sit's something I look at. Those
(31:01):
charts are obviously verytelling. And, you know,
sometimes you have to bepatient.
You know? Sometimes you have tolook at it and go 36 silver. You
know? What how long will it takefor me to double my money? And I
think that, you know, I I Iwould be surprised if we don't
see silver pushing fifty, sixtyin the next four or five years.
(31:22):
And then who knows? If theshortages continue and it
becomes if you see silver miningwhere they say we can only pull
700,000,000 ounces out of theground or or less, then we're
gonna have a few 100,000,000ounce shortage in silver. And I
think that'll that'll justincrease the price. Because
places like the military,they're they have to have it. So
(31:43):
they're just gonna continue topay whatever they need to get
that silver.
They're they're not there's noprice that they're not gonna pay
if they need it for themilitary. So these are things
this is the great thing about itis, like, tech, military, solar,
all these things, they have tohave it. So they're gonna pay
$50.60, $70.80 dollars an ounce.It doesn't matter. They're still
(32:04):
gonna pay it no matter what theprice is.
Speaker 1 (32:07):
Because, basically,
even if it becomes say, it's
costing them $35.40 bucks topull it out of the ground, they
they can't just say, okay. Well,I quit. You know, they're gonna
have their customers coming, youknow, these these massive buyers
of Lockheed Martin and andBoeing and, you know, solar
companies, you know, Tesla, youknow, different Elon Musk's
companies. So they're gonna haveto say they can't just stop
(32:30):
making it. They're gonna seethat that the price will
continue to go up and and thatthe buyers of silver will have
to continue.
They they have to keep buying.They can't just it's not like
it's Right. They're buyingsilver jewelry, which is just
something that's purely forRight. Aesthetic purposes. I
think these are hardcoreindustrial use cases for silver.
Speaker 2 (32:50):
Yeah. And the only
thing that could that could help
in the the supply shock thatwe're seeing in the deficit is
recycling, and and only 6% isrecycled. So you'd have to see
recycling go up prettyconsiderably to help with that
deficit. And and a lot of times,you know, it doesn't make sense
(33:13):
to pull the silver out of theproduct. Well, obviously, any of
the military products are notgonna pull it out of.
People don't recycle silver.They don't feel that impetus
like they do with gold, right,because the price is so high in
gold. So I think that the onlyway you don't see this happen is
that silver recycling would haveto get ten, fifteen, 20% of the
(33:35):
supply, and we just don't seethat movement. It was at
recycling was at three or 4%.It's gone up to 6%.
So it hasn't moved up prettysteadily. But if you look at
gold, relatively speaking,there's a pretty significant
number of gold that's out in theworld that gets recycled just
because where the price is.
Speaker 1 (33:53):
And so kind of taking
the the the just the big picture
look at all this. We have thisyou know, you know, we're kinda
on the edge of World War three.And as much as it's great, okay,
there's a ceasefire, I I don'texpect that to to last very
long. I mean, it it just it'sjust the nature of things. Not
to mention that, you know, I Ireally believe that the the
(34:13):
banking industry and the peoplepulling the strings of a lot of
the the heads of government,etcetera, they they need to have
a war because Yeah.
Like, look look at the, the theeuro and the European economy
and the the various countriesover there that are just, like,
completely struggling, not tomention The United States where,
you know, we're being told that,oh, inflation's at, like, record
(34:34):
lows, and it's like, I'm goingthere to buy something. It's
like, oh gosh. Like, this thispen, you know, I used to buy
these things for 10¢ apiece, andnow they're they're 80¢ apiece.
Right? You you go go to thegrocery store and, you know,
candy bars that used to be, youknow, 25¢ or 50¢, you know, are
now $2.
And that's just the small thing.I mean, it's it's like, I got a
(34:54):
quote recently on some HVAC workfrom my house, and it's it was,
like, $25,000. It's just like,how is this stuff so expensive?
Now I'm doing it on my own, soI'm gonna save, like, I don't
know, $15,000 by just doing itmyself and learning how to how
to do all this stuff. But thepoint is is that it just feels
like that we're we're constantlybeing told everything's okay.
(35:16):
We're good. We're gonna enter,an era of peace and prosperity.
Yet every indicator shows thatthis entire system is is nearing
some sort of reset. And then youhave the technocratic
perspective of all thisadvancement in AI and and
control over over the people andeverything. And it just, like,
(35:39):
kind of coming back to it as Ithink through all these
different things.
It's like I I always just arriveon this the place of that. Yeah.
Like, this 10 ounce bar ofsilver right here, I'm holding
it in my hand. It's nottraceable. Well, it was not
traceable because I'm putting iton camera.
So they're okay. You know,someone's kinda taking note of
this interview and says, okay.Seth's got a 10 ounce bar of
silver on his desk. Right?Right.
(36:00):
Yeah. But it it just it just nottraceable, and it can't be it
can't be. Right? And this iswhat and when you look at
different economies or you lookat countries that they do have
collapse type scenarios, whetherthrough, you know, conflict or
civil unrest or whatever it is,you know, you go back to
bartering. And that's myperspective is that it's it's
it's more of an insurancepolicy.
(36:21):
Like, that's what it is for me.It's it's not a get rich, you
know, quick scheme. It's just aninsurance policy.
Speaker 2 (36:27):
Yeah. Absolutely. And
and and I just wanna say that
just as an idea that came, and Iand and I'm I'm not saying that
president Trump doesn't wantpeace, but I was just thinking
that he's really pushed for forpower to lower rates. And the
you know, I just thinking backto nine eleven when they dropped
rates because we you know, nineeleven went into war. Like, I
(36:53):
could be an argument that if wego to war, maybe he has more of
an opportunity to get ratesdown, which is something he
pushed for.
Now I'm not saying he he's doingthat, but it just made me think
of nine eleven because it waslike, okay. We're at war. What
are we gonna do? We have to droprates. Right?
I mean, that was, like, thefirst thing they did. They
dropped rates to and they nevermoved them back up. And, you
(37:13):
know, obviously, he's he's, youknow, been pushing pretty
steadily to to get rates down.Whether that's gonna bring the
thirty year mortgage down, timewill tell. I think he'll have to
find I think he's gonna have topull some other mechanisms to
get the thirty year mortgagedown more than just lowering
rates.
But, yeah, to your point, like,something physical, something
(37:34):
that people understand. I mean,I think people are surprised
when I say that silver'soutperform Bitcoin and the S and
P this year. It's like it's likenot the story that that people
are talking about. And and, youknow, obviously, they're talking
about gold last year, and nowsilver's making a play.
Obviously, you have that 90 toone gold to silver ratio, which
(37:55):
I think will still get to 70 toone.
70 to one is silver sitting at$46.47 dollars an ounce. So
there's a lot of a lot of ideasand ways that silver get to 46
to 48, you know, any of thescenarios that we talked about.
But the the idea that peoplewant something physical, they
(38:17):
can get it, they own it, that'sreally the thing that I think
most Americans are are lookingfor in this really kinda
turbulent, environment thatwe're in.
Speaker 1 (38:27):
I agree completely.
So, Colin, as we're wrapping up,
your company, Noble Gold, ifsomebody wants to, you know,
kind of transfer, say, an IRA ora four zero one k or even just,
you know, an outright cashpurchase, what's that process
look like if somebody wants tomove and and allocate some of
their assets into preciousmetals, which is my belief. You
(38:50):
know, look. I'm I'm not afinancial adviser. Do your own
research.
However, like, this is probablythe only place I feel safe. This
and, you know, land, but landyou're taxed on. Right? So
Right. Know, just these thesepoor values.
Speaker 2 (39:01):
And there's, you
know, there's with land, which I
I believe in land too, but thereis tax. And until you can turn
it the land into a use thatmakes sense, it's it's sort of a
burden too, right? Like, untilit's either you resell it at a
bigger price, or you put youfarm on it or, know, whereas
with silver, the net cost ofholding it is is nothing. Right?
(39:25):
You just have a safe.
So people sometimes forget thatit's one of the best things
about holding a physical metalthat is great in this
environment is that there's justno cost to to have it. Right?
And and there's and it's easy toliquidate, whereas land isn't
always easy to liquidate,especially in this environment.
It's not that easy to liquidatereal estate in general. With,
(39:48):
you know, the most homes ever onthe market as of today, there's
a lot of opportunities forbuyers.
So I think it's just liquiditypurposes. Precious metals are
great. So, yeah, everything withus is quick. You call, you talk
to a live person, we walk youthrough the process, you fill
out that form, or you can calland just say, hey, I heard Colin
(40:08):
and Seth, know, do you guys haveany specials going on? How does
the process work?
But basically, you could haveeverything done in five minutes.
And, you know, an IRA usuallytakes, you know, one to two
weeks to roll over. And thenyou'd be in precious metals. And
the great thing in an IRA isit's yours, you own it. You
(40:30):
know, you're the person incharge.
We help you with the preciousmetals, but it's a self directed
IRA. So you're in charge of allthe decisions in there. You
know, our fees relative to likea four zero one k and all that
are substantially lower. And,it's just a great way to hedge
your bet in this kind ofturbulent environment. And, and
(40:51):
then also, if you wanna get, youknow, shipped to your house, we
can we can do that too.
That takes five minutes also todo that.
Speaker 1 (40:56):
Perfect. So we've got
a website, goldwithseth.com. It
takes you right here to the sitewhere you've got a basic form
you can fill out. Real simple.There's a free, guide there as
well.
Or the phone number (626)654-1906. All that information
will be in the show descriptionas well. And and, again, look.
I'm not a financial adviser, butjust just like, my overall gut
(41:18):
feeling when I look at the worldtoday and just how divided and
how much chaos there is, this, Ithink, is one of the safest
places, you know, for me, andthis is how I'm doing it with my
family, that if somethinghappens, I have this just this
insurance policy. And andthat's, you know, like, yeah.
Okay. Don't go sell your houseand and get a mortgage in your
house to go buy some preciousmetals, but make sure you've got
(41:39):
something. Right? Like, if youhave a $100,000 in an IRA, hey,
take 10 out. Move 10 into silverand gold just as that insurance
policy.
So, anyway, that's my those aremy thoughts. But do you have any
closing comments, Colin?
Speaker 2 (41:52):
No. I I I think, you
know, listen. It's it's, you
know, one of those times inhistory where there's just so
many unprecedented thingshappening. And then we didn't
even get into it, but thetariffs the tariffs are supposed
to come back in a few weeks too.And so that is obviously gonna
have an effect on on the marketstoo.
So there's just a lot happeningright now. But if anybody wants
(42:14):
to learn from us, you're gonnatalk to a live person, have a
conversation, no pressureenvironment, feel free to check
out our reviews. We're we're afamily business. We wanna earn
your business. So I love to chatwith you and and see if it's,
you know, the right fit.
And we have a gold guide, asilver guide, a platinum guide,
so we can send all that stuff toyou for free. So just give us a
(42:37):
call and and, you know, mentionthat you heard us on on the Man
in America and and Seth show.
Speaker 1 (42:42):
Well, Colin, thank
you again for coming on, man.
It's always good speaking withyou.
Speaker 2 (42:46):
Thanks, Seth.
Speaker 1 (42:47):
Alright. Take care.
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