The Billionaires Are Hoarding Cash—THEY KNOW WHAT'S COMING w/ Collin Plume

Episode Transcript

Speaker 1 (00:13):
Welcome to Man in America, a voice of reason in a
world gone mad. I love lookingat the intersection of
geopolitics, current events, andthe economy, and looking, okay,
what's happening with thefinancial markets? You know,
what are gold and silver doing?How does that tie into a looming

(00:34):
threat of World War three orriots across the nation? And if
you look at what's happeningright now, which we'll be
getting into deepened in today'sshow with my guest, Colin Plume,
the markets in a lot ofdifferent aspects of our society
are telling us, hey.
Everything's normal.Everything's great. Like, we're
headed up and up and up. But ifyou actually look at the reality

(00:57):
of how a lot of people areliving in America, it's not the
case. It's not like we're livingin some golden age where
everyone just making tons ofmoney and taxes are really low.
People are struggling. Inflationis real. I mean, it's it's crazy
to me that I'll go buysomething. You know, I'll go buy
a part for, you know, my tractoror buy some, you know, sort of,

(01:18):
you know, farm thing for mygoats. And I look at this.
I'm like, how is this, you know,this metal cage $200? Like, this
should have been $40. Itprobably was $40, like, eight
years ago. And so all these liesthat were being fed about how
good things are, like, that'sjust it. They're lies.
And I'm not sure about you, butthere's just this part of me

(01:39):
that this sense is that this allhas to unravel at some point.
And maybe it's the summer. Maybeit's the fall. Maybe it's next
spring. I don't know.
But it's like the whole system.It's like this balloon that
keeps getting blown up and blownup a little, and everyone's
waiting. As it gets tighter,everyone's like, okay. When's it
gonna pop? When's it gonna pop?
And then it pops. And so we whatwhat's interesting, though, is

(01:59):
we've had a lot of, like, majorkind of major players in banking
and finance over the past weekor two giving, like, very
serious warnings, like, youknow, Jamie Dimon, you know, CEO
of Chase, Ray Dalio. You know,they're coming out, they're
warning us about the bond marketand what's to what's to come.
And so in the show today withColin, we're gonna be looking

(02:20):
at, like, snapshot of wherethings are right now. Look at
some of the warnings and analyzesome of these messages that have
come out from, you know, some ofthese CEOs and significant
players in the financialindustry, but also looking at
why is silver on such a run?
You know, silver is right now,it's at $36.37 dollars an ounce,
whereas, gosh, I remember, youknow, just a couple of months
ago, it seemed that it wasbarely getting to 30. And so but

(02:44):
there's a lot of experts thatare saying it's gonna keep going
up and up. And it like, whatdoes that mean? Right? What does
all this mean for us?
And so I hope you enjoy thisinterview. It's gonna be good.
We have a lot of goodinformation, some charts to show
you. And just a reminder thatevery show that I do is done as
a podcast as well as a videoform. So if you prefer to
listen, just go to favoritepodcast app.
Search for Man in America.You'll find me on there. And if

(03:04):
you wanna leave a positivereview, especially Apple
Podcasts, like with those those,reviews on there really help us
to reach more people. So Iappreciate that. So let's go and
dive into your interview withColin Plume.
Colin, it's great to have youback on the show, man. Thank you
so much for joining us today.

Speaker 2 (03:21):
Seth, good to be here. A lot lot of, exciting
things happening in not themedals we always talk about,
which we'll get into later. SoI'm excited to, to talk to you
about that and, dive in a littlebit.

Speaker 1 (03:33):
Yeah. It's just crazy how, like, every it's almost
like every day now, there's thisthere's a new thing in the news
cycle that just consumeseverything. I mean, it was I
can't even look remember fivedays ago. It's like, okay. What
was the trending thing five daysago?
We we went through Palantir, andthen Trump and Musk were
fighting, and that was alleveryone was talking about. Then
we had the the riots breakingout. Now we've got June 14.

(03:56):
They've got this, you know, kindof the summer of love, inverted
with, you know, riots plannedall over the country. And I'm
not sure about, like, what yoursense is, but my overall gut
feeling is that there's a lot ofchaos coming.
Like, there's just there's twolike, it's like America is a

(04:16):
giant bag of hornets. It's beenshaken up and shaken up and
shaken up, and now it's gettingopened up, and it just it's all
pouring out. But maybe I'm justa little bit pessimistic. What
do you think?

Speaker 2 (04:25):
No. I mean, I was watching a clip of the riots
last night, and there's anewscaster in LA. And the camera
is showing just five cars onfire burning. And the newscaster
is is, like, basically sayingthe the kind of verbatim, not
verbatim, but like the gist ofwhat they were saying is that,

(04:47):
hey, there's a lot of protestersthere. The police should stay
out of it.
They're just peacefulprotesters. It was that was sort
of the and it was like like,maybe if the video was showing
actual some peaceful protesters,it would've made sense. But the

(05:07):
the and maybe there maybe thereis peaceful protesters there. I
don't know. But it was verystrange that they're watching
these cars multiple cars on fireand saying and, basically, he
was saying, like, the policeshouldn't go in.
But it was that's just the weirddisconnect, I think that we're
seeing out there is like therethere are people are trying to

(05:28):
say that there isn't thingshappening but they they are
happening and I just was in aweof these of some of the comments
that I'm seeing out there andand I think that's really the
disconnect also. Like, you seeit so much in the news and so
much in the financial news. Youhave this disconnect between,
like, what's happening. Like,the stock market, you know,
where it's at today, it justdoesn't it doesn't equate to

(05:52):
earnings. It doesn't equate towhat they expect is gonna happen
this summer.
It doesn't equate to what I'mseeing on the ground. Yet, you
see prices, you know, at thisall time high, yet I I know for
a fact I've told to multiplebusiness owners that are laying
people off, that are cuttingspending, that are just, like,
trying to lean out, and they'renot growing, and yet you see,

(06:16):
yeah, $42,009.17 today. It justdoesn't It's like it's like
watching a sports match where noone's scoring, and the
announcers are saying that thisis one of the highest scoring
games there is. It just itdoesn't make sense right now.

Speaker 1 (06:31):
You you that's it too. So it's funny because the
what I was kinda mentioningabout just the chaos, the the
riots, you know, all of the theterrorists and Chinese troops
that you know, everything that'sthat are already inside of our
border and just all this tensionbuilding. But the same thing is
reflected in the in the marketsand with the overall economy
because you've got Trump comingout and saying, oh, you know,

(06:54):
we're stopping inflation. And,you know, they're telling us,
look at the stock market's atall times high all time high.
But, you know, you you as youmentioned, you're talking to
these business owners, and it'slike, they're not seeing that.
Like, most people I talk to,they're they're, like, they're
struggling to pay for groceries.They're behind on their bills.
Credit card usage is at all timehigh. Like, the amount of
savings that American haveAmericans have is nearing all

(07:16):
time lows. It just seems likethere's just these two worlds
happening, and there's there'sreality.
And reality isn't all negative,but, like, the actual truth of
reality is that it seems likethere's multiple ticking time
bombs, yet the picture thatwe're being given is it's a
beautiful sunny day. Here's yourice cream cone. Smile for the

(07:36):
camera. It's just there's a lotof weird stuff going on.

Speaker 2 (07:40):
One, it's so much a confidence game. Right? I mean,
the stock market is like, if youlook at the multiples and you
look at most of the indexes,stock market is completely
overvalued. It's it's it doesn'tmake sense at the prices. So but
if you're someone that's wantsto continue this growth and you
wanna be in the store,obviously, you're gonna paint

(08:00):
the best picture you possiblycan.
And we've seen it in manydifferent markets. We've seen it
in real estate. You saw it in,you know, 02/2009 where they
tried to continue to make itseem like it's a great thing. I
think today, there's a lot ofthat where they're trying to
make things seem a little bitbetter. Obviously, they're
trying to paint a really rosypicture because, you know, if if
there's just less and lessconfidence, that's when people

(08:22):
sell.
That's when they sell theirstocks. That's what they sell. I
mean, they're trying to selltheir homes. I mean, the amount
of homes right now that on themarket, the amount of sellers
relative to buyers is a numberthat we've never seen in
history. We've never seen this.
So but if you're on the sidewhere you need to profit on, you
know, keeping the game going,the shell game going, you're

(08:43):
obviously gonna continue thisthis story. So but, you know,
you see the guys, Ray Dalio, andall these guys really talking
about what's in the math.They're looking at the actual
fundamentals, and then I thinkthat's what we're gonna talk
about today. What are the actualfundamentals, of what's
happening in the economy? Andthat's really what I look at,
and and I think the fundamentalsare showing a much different

(09:04):
story.

Speaker 1 (09:05):
Oh, absolutely. Well, so I've got two quick videos I
wanna play. One is, Jamie Dimon.Obviously, you know, he's the
he's the CEO of Chase. Right?
That's his he's probably, youknow, maybe he's chairman. I'm
not sure, but CEO of Chase. Sohere's him. This is about a week
and a half ago, but, you know,twenty two seconds. But I'll
I'll play this twice becausethis is really important.
When you have Jamie Dimon comingout and talking like this about

(09:28):
the bond market, it's very, verysignificant. I'll play this real
quick.

Speaker 3 (09:31):
You are going to see a crack in the bond market.
Okay? It is going to happen. AndI tell this to my regulators,
some of who are in this room,I'm telling you what's gonna
happen and you're gonna panic.I'm not gonna panic.
We'll be fine. We'll probablymake more money and then some of
my friends will tell me thatwe're that we cause we like
crises because it's good forJPMorgan Chase. No. You are

(09:53):
going to see a crack in the bondmarket.

Speaker 2 (09:56):
Okay? Yeah. I mean, in essence, what he's saying is,
like, there's an opportunityhere. He's saying that bonds are
still have more room to go up interms of there's gonna be less
buyers. Right?
I mean, that's that's in essencewhat he's saying. We saw this a
few weeks ago when the treasurycame out and tried to sell a lot
of bonds, and they couldn't. Andthen the Fed came in and bought

(10:18):
those bonds. So he he'sbasically saying based on he's
just looking at the data. Right?
He's just looking at the datasaying the bond market's gonna
have problems. The only reasonthe bond market has problems is
because there's no buyers.That's the only reason there
could be a crack. He doesn'twanna say it directly because he
doesn't wanna create panic, butthat is what he's saying. He's

(10:41):
saying that there's gonna be notenough buyers.
We obviously need buyers of ourdebt to keep everything going,
and he's saying that the buyersare gonna dry up. And that's why
there's gonna be some panic outthere, and and people are gonna
get hurt. But he said it. We'regonna make money. And it's
interesting coming from a bank,You know?
I wonder you know, the Baselthree laws are coming into

(11:04):
effect in a few weeks here.Right? They're gonna have to buy
more gold, physical gold. So,you know, they're probably just
gonna move away from bonds for awhile and let rates go up, and
then they'll buy bonds at at,you know, a higher rate. So it
sounds like to me they're notbuyers of bonds at this point.
They're gonna let things kind ofthey're gonna let the market
correct itself a little bit, andthey're gonna wait for

(11:25):
opportunities. And that's quitescary if you think about it. I
mean, treasuries are in the highfours. The fact that he thinks
that there's gonna be a crackmeans that things are gonna go
higher, which means there's justnot enough confidence in our
dollar. There's not enoughconfidence in our markets right
now, and there's a real concernabout our debt.
And so people are waiting forthings to to shake out a little

(11:47):
bit.

Speaker 1 (11:48):
Exactly. I'll play the second video. This is, Ray
Dalio talking. It's a minutethirty six. You know, kind of
highlighting some of the similarthings.
Let's listen to this reallyquickly.

Speaker 4 (11:59):
Watch the bond market. The bond market is the
basis. It's the backbone of allmarkets. It is the risk free,
meaning default free, probablydefault free, interest rate that

(12:20):
determines what all assetreturns are going to be. And
when there is a breakdown of thesupply demand picture for the
bond market, you see a certaintype of market action.
You see long rates risingrelative to short rates. You see

(12:41):
the currency go down. You seegold go up because there's a
movement out of that bond marketbecause there's a supply and
demand imbalance. When thathappens, that raises interest
rates, and it puts the FederalReserve and other central banks

(13:02):
in a bind. That supply demandimbalance in order to deal with
that when there's not enoughdemand, they're torn between
allowing interest rates to riseand have the negative effect
that that has on markets and theeconomy, or coming in and
printing money essentially, andbuying bonds in order to,

(13:28):
provide the demand for thosebonds that aren't there, and
that produces inflationarypressures.

Speaker 1 (13:36):
So if okay. A few different questions for you. So
if Ray Dalio is saying that thebond market is the backbone.
Right? It's the foundation ofthe markets, and Jamie Dimon is
saying there's gonna be a crackin this market.
And what we're seeing is thatless, you know, countries and
banks are buying bonds. They'reactually buying more precious

(13:57):
metals, which seems to signify alarger shift in a move away from
the US dollar as the globalreserve currency and a move
towards precious metals,specifically gold, especially
when you tie in Basel three. Isis that what you're seeing? And
can you also just explain alittle bit, like, about
extrapolate on why the bondmarket is so important and what

(14:19):
this what like, what the biggerpicture of this means for us?

Speaker 2 (14:22):
Yeah. Well, I I think I always look at history, and I
and I look at history in termsof timelines. And I I think that
let's just look back five yearsfrom now. And the ten year
treasury was probably trading inthe 2% range and low twos. And
people bought that debt.
People bought that 2%. That wassort of a healthy environment.

(14:50):
Now if you think about it totoday, if people bought it at
2%, they and they were buyingit. And now the fact that no one
will buy it in the high fours,what does that say about our
economy? It says our economy,there's there's gonna be, a,
there's gonna be a lot ofopportunities out there.
Right? Because if people arebuying debt at 2% and okay with

(15:11):
that return, now the fact thatthey won't buy it in the high
fours, what does that say? Itsays that either a, like,
they're worried about the stockmarket. There's gonna be
opportunities there. Therethere's gonna be a pullback.
People want liquidity. I thinkthat's the thing that people
don't realize is that, like

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Speaker 2 (16:48):
In theory, like a high 4% return, if you went if
you took out the last two tothree years, you went back
twenty years, anybody out therewould have bought that debt.
They would have bought it athigh fours. But now they don't
because you want liquidity. Youyou don't want you don't wanna
have your money tied up becausethere's gonna be massive
opportunities. That's the onlyreason the big money in the

(17:10):
world doesn't buy it is becausethey're they believe that
there's gonna be a sell off inreal estate, and there's gonna
be a sell off in the equitymarket because you want your
cash.
If you buy that 4% note andyou're locked in for ten years,
you have no access to thatcapital. And so that's the
reason that all the money's onthe sidelines. They're like, why
why would I jump in right now?It's like for you, Seth. If you

(17:31):
go let's say your house is$500,000, and you know that
there's gonna be a bigcorrection, and then you could
buy your neighbor's house andrent it out, and it's gonna drop
30%.
You could buy that same housefor $350,000. And I and I think
we're gonna see some correctionslike that. I think the market is

(17:52):
every list price for real estateis all wrong. No one's selling
at those prices. Nobody couldafford it.
So if you knew you could buy thehouse across the street as a
rental property at 35% lower,are you gonna put your money in
a ten year treasury and make4.8%?

Speaker 1 (18:10):
No. No way.

Speaker 2 (18:12):
Right? I mean, that's and so that's what the smart
money is doing. And that's whywhen I talk to people today,
like, having liquidity availableand and gold and silver and
platinum, these are liquidassets. You're not stuck. So I I
think that that's what themarket is saying is that they
wanna see more corrections.

(18:34):
They wanna see more pullbacks.They're waiting for the stock.
And I listen. I'm investing inthe stock market too, but, you
know, I know there's gonna be abig correction, and I know I'm
gonna wait. And I don't know ifit's gonna take six months or
twelve months or eighteen.
I don't know what's gonnahappen, but there's gonna be a
pullback. It it's gonna happen.Things aren't gonna continue the
way that they are. So themarkets, the smart money is
saying there's still more paincoming. There's still gonna be

(18:57):
more opportunities.
That's what Ray Dalio is saying.He's saying gold and silver are
gonna go up because if you thinkabout it from a central bank
point of view, like, they canpark the money there for a while
and just wait. If you see itfrom an institutional bank point
of view, like, they can just buygold and just wait and just just
ride things out. And and I thinkthat there's an opportunity to

(19:18):
be really patient right nowbecause there will be
opportunities in those sectors.And that's that's why Jamie
Dimon said, like, we're gonnamake more money.
Right? He's just saying, I'm notgonna buy it. I'm gonna I'm
gonna move into things and makemore money. Now he he has to buy
something. So they are gonna buygold.
I can promise you that. China isbuying more gold. They they're
trying to underreport how muchgold they're buying. They're

(19:40):
buying tremendous amounts ofgold. So they are buying
something, but they're just notgonna buy the traditional real
estate and equities, and they'regonna stay out of the bond
market.
It's just it's just not theright time for them. Even at
rates in the bond market thatseem to someone that, like,
maybe hasn't looked at it tooclosely, it seems quite
attractive. But you know, Seth,like, it's all about when you

(20:02):
buy something. Right? The buy isthe key.
And they're basically these bigtwo massive investors are saying
it's not the time to buy thoseassets.

Speaker 1 (20:12):
So you made an interesting point there. And and
and one aspect of this isnumbers don't lie. And Right.
Like, watch what they do, notwhat they say. So when you when
you mention how they they'rethey're kinda building these
large liquid positions.
Right? Large cash positions.Like, I I did a quick check. So,

(20:34):
you know, Berkshire Hathaway iscurrently holding a record high
amount of cash around$347,000,000,000. Right?
So they're at a record high. Oneof the most important investment
firms in the world, they're at arecord high for cash. Right? So
they're not taking that moneyand investing it in things.
They're waiting.
Right? It it's kinda the samething as me having a bunch of,

(20:56):
you know, seeds stored away for,you know, or or food in five
gallon buckets. It's like, I'mjust waiting. And when when the
time is right, that stuff willbe worth his weight in gold. And
so so you think that, like,Warren Buffett, Jamie Dimon, Ray
Dalio, what they're all tellingus is the same thing, is that
the blood will there there willbe blood in the streets in the

(21:17):
financial markets.
But they're they're waitinguntil because that's when
they're gonna strike. So whereasJim Kramer is probably telling
the average person or your your,you know, your TD investment
adviser is saying, oh, we shouldput money into the magnificent
seven. We should, you know, putsome money into the bonds and
this. The real people arecontracting from the markets,
building up cash positions. Sothat way, when the market's

(21:41):
correct, which it seems likethey're all indicating that
that's gonna happen in a verybig way, they've got that huge
cash position to come in anddouble, triple, quadruple their
money.

Speaker 2 (21:52):
Your your most stock people today, most advisers
don't make any money if you sitin cash. They only make money
when you're in the market. Sothey have an inherent goal to
keep you in the market. Right?We talked about a lot of this is
like stockbrokers thirty five,forty years ago would make money
when you bought a stock and thatstock made money.

(22:13):
They don't it's not like thattoday. They get a management
fee. But that management fee isonly gonna get paid to them if
you're in the mutual funds orthe stocks or whatever they
recommend. So they inherentlywant you to stick into that and
stay the course Even though thedata shows that there could be a
massive correction. For them,like, it doesn't matter.

(22:37):
They every month, they'regetting a fee. They're getting a
fee. They're getting a fee. Theydon't have even though, like, in
the big picture, if they'rereally smart, they would tell
you to go into cash or go intogold or go into silver or go
into platinum because you'regonna make more money.
Ultimately, every financialadviser, the more money you make
over the long term, they'regonna make more money too
because they get a percentage ofthat.

(22:58):
But they they're just notwilling to change course and
say, hey. Maybe it's a time totake some chips off the table
because they know that maybethey could lose it or they maybe
they lose you as a client. Butat the end of the day, I think
what what what these investorsare saying is that there's this
is a wait opportunity for theequity markets. And so if if

(23:20):
you're really smart and you'rereally reading things, you're
not gonna keep, you know, a lotof the the money that you have
liquid that you can sell andmove out of that you're gonna
move into into a cash positionor a gold position because, you
know, there's gonna be a biggeropportunity down the road. And I
and I believe that that's true.
And I believe that's what thesebig investors are saying. I

(23:41):
mean, you know, think aboutWarren Buffett. He doesn't need
money. The only thing he livesby is wins. That's the only
thing that gets Warren Buffettexcited is wins.
And for him, the wins in thestock market are not there, so
he's sitting in cash.

Speaker 1 (23:56):
It it's interesting just kinda thinking because I
pulled up the stock priceearlier. Is it, what, you know,
43,000 like that for, you know,the Dow Jones? It's almost like
one perspective is that now isthe perfect time to pull out of
that. It's like, okay. You'reyou're sitting at an all time
high.
It's like, great. Time to pullyour money and follow what
they're doing. Don't don't,like, keep your money in there

(24:17):
thinking, well, maybe it's gonnago 5% more the next month. Like
as long as it it's it's justit's risky as as as long as it
keeps going. It's riskier andriskier.

Speaker 2 (24:26):
Yeah. I I think, yeah, I think it's right. And
and and also, if we are correctand we see a 20 or 25% pullback,
how long does it take to forthose things to recover? That's
that's the thing that's reallytough. And so yeah.
I mean, I think it's, you know,I think it's interesting, you
know, and I and I think you'reseeing some of these industrial
metals really start to take off.I mean, I think that's the story

(24:50):
of today, of this year is, youknow, our friend Silver and our
friend Platinum are reallystarting to perform. Right? I
mean, they're they're they'rethe talk of the town is is
silver. Silver broke 36.
We were talking about you and Iare big silver buffs. You know,
silver broke 36. Look at silver,up 43% over the last year.

Speaker 1 (25:15):
Yeah. It's crazy.

Speaker 2 (25:15):
Two 22%. So, basically, since the beginning
of the year, silver's up 22%.And, you know, this was the
thing. It was that gold tosilver ratio didn't make sense.
Right?
We were above a 100 to one goldto silver ratio before the last
three months, and it doesn'tmake sense that it's it's at

(25:36):
that ratio. It doesn't makesense. Like, every time it's
been above a 100 to one, it'salways gone below. Maybe it
takes a few weeks, a month ortwo, but it doesn't stick at a
100 to one. So yeah.
So you have silver just reallytaking off. You have a a 9%
surge just over the last fewweeks, and we're seeing massive

(25:58):
amounts of inflows in the in theETF market. You know, we're
talking about 460,000,000 in theETF market is just an
unbelievable amount of silver.

Speaker 1 (26:09):
So explain what that means.

Speaker 2 (26:11):
Yeah. It basically means is that on the the the
stock market version of silveror the ETF. It's just like an
exchange traded fund is justlike another way to buy silver.
It's not you're not buying thereal thing. You're just buying a
a derivative of the real thing.

Speaker 1 (26:28):
As it relates to to the ratios, this is what I want
you to talk about reallyquickly. So you mentioned that
right now we're at we were at a100 to one, and now we're it's
closing the gap. Right? Where sowhat is it? Around 75 to 80 to
one, or where where are theratios at right now?

Speaker 2 (26:43):
We're about 90 to one right now. I I and I talk about
this in my book. And, actually,I will say it's it's sort of
wild because we talked aboutsilver price, and I was
predicting this 36 price. Westarted talking about this in in
December of last year, and andeveryone's been joking with me

(27:05):
about silver because I wrote thebook about silver, and gold's
going crazy. And then what whathappened to silver?
Like, what what did you do? AndI and I just said, like, silver
sometimes moves a little slower.It just doesn't you know, we we
saw it in 2009 and 02/2011. Itreally went nuclear because they

(27:27):
did quantitative easing at thatpoint right after the, you know,
the historic credit crunch and,you know, the banks were going
out of business and all that baddebt that were out there and
everybody remembers. And I said,they're gonna do quantitative
easing again.
They're gonna have to becausenobody's gonna buy our bonds,
which is what we were talkingabout earlier, and they're gonna

(27:48):
have to stimulate the economysomehow. And as much as
president Trump is talking aboutlowering rates, I don't think in
this environment, even if hepushes on the Fed, it's gonna be
that easy to get rates down. Atthe end of the day, it's all
about the ten year. The ten yearpeople have to trust. The way
our thirty year mortgage is isit's tied to the ten year

(28:11):
treasury.
If people don't buy our ten yeartreasury, which we talked about
earlier, they're not buying.There's a crack in the armor. It
doesn't matter if he pushes theFed. So the only other way that
you can stimulate from the Fed'spoint of view is is doing, like,
a quantitative easing. And I'veI've I believe that they are
gonna do it.
I think they're already secretlydoing it. And so and it and it

(28:34):
shows. The Fed stopped buyingtremendous amount of bonds for
the last few years, and nowthey're gonna have to start to
buy in. So I I think silverstory is really starting to
unfold right now. And I thinkwhat's gonna happen is is you're
gonna see them the big companiesbuy ETFs of silver, and then
they're not gonna feelcomfortable with ETFs because

(28:55):
they did the same thing withgold, and then they wanted to
get physical possession.
So when you have that thatsecond call, when you have a
huge company come in and go,okay. We have this ETF, but we
actually want the contract. Wewant the silver. That sends
another message to the marketthat, hey. Like, we don't trust
this contract.
And that's what happened withgold. So I think history will

(29:16):
repeat itself with silver.They'll try to call in these
contracts. They're gonna realizethat they don't have as much
silver as they say that they do,and then that's gonna start a
second second wave of buyingbecause it creates panic. That's
what happened in the Londonbullion exchange.
Right? Like, once they said,hey. I want that gold contract,
and they realized they didn'thave enough gold. They the the

(29:38):
the traders were like, wait aminute. Maybe there's not enough
gold there.
Maybe the and they then theyreally started to panic, and you
saw this massive run. I thinkhistory will repeat itself with
silver. So I think you have thatone isolated incident that'll
happen. I think the other thingthat you look at with silver is
just the amount of industrialuses of silver just continues to

(29:59):
skyrocket. Like, we've we'veshown it.
You know, I talk about it a lotin my book. Silver is a new oil.
I give you all the reasons why Ithink silver is gonna go crazy.
And then I really dive into,like, some specific scenarios
where silver could gohyperbolic. And so I think this
year, we will see if gold evenif gold doesn't move up $1, I

(30:20):
think silver gets down to, like,a 70 or 72 to 1 ratio with gold.
And I and that number looks like46 and some change per ounce
silver. And I think what'll alsohappen is I think with that kind
of move, you're gonna see ashortage of actual silver

(30:42):
product. And so I think the nicething about owning it in the
physical too is, like, you'llget a premium. Let's say you
wait and it hits $46. I thinkthe coins and the bars and
everything will get reallyexpensive because there'll just
be this massive rush.
So I think it'll be a double winfor investors because they'll
get the just the actual growth,and then they'll get the

(31:03):
percentage above the spot pricewhere, like I mean, I don't know
if it'll go to COVID levels,but, I mean, you remember with
COVID, like, eagles were tradingat, like, $9 over the spot
price. So if that happenedagain, you have silver at $46,
and let's say the cost on asilver eagle is $54, it's like a
double win. Right? I don't thinkit'll go that crazy, but I think

(31:26):
that you will see a premium inthe products with that kind of
massive run up. Because you'retalking about for it to go from
36, you know, 45 today, go up$10 in the next six months is
which is what I think willhappen.
I mean, that's a massive surge.And I think the the men's won't
be able to keep up. The demandwon't be able to key and I think
it'll it'll create this kind ofhysteria in the silver market.

(31:50):
So it's a you know, you'relooking at a 36% increase, if
I'm right, plus I think that thethe product price will actually
go up even further.

Speaker 1 (31:58):
And so between gold and silver and platinum, those
are the three metals that I own.I've got some copper and some,
you know, things like that.They're just Yeah. Kinda small
things. But, I've personallyprobably focused.
I've I've probably focused moreon gold, say, the first part of
the year, just seeing everythingwas happening with gold, but I'm
back to focusing more on silver.And silver has been really my

(32:21):
main focus the past couple ofyears anyway, just because I
just see that those ratios tellme it's like, oh, if it's a 100
to one, you know, meaning ifgold's at 3,000, silver's at
thirty, hundred to one. If itgoes up, if it drops in that
ratio, it's like there's so muchroom for silver. But for someone
that is not sure about whichmetal to kinda allocate into and

(32:42):
someone say is is talking to andsay, Colin, what should I be
focusing, you know, buying?Silver or gold or platinum?
How would you how would yourecommend people to allocate?

Speaker 2 (32:51):
If you never have or acquired any gold, you should
always have gold. I I don'tthink there's any scenario that
you don't have gold. You have tohave some gold. It's the, you
know, it's the monetary metalthat everybody owns. So you
gotta have some gold.
But if you're just lookingstraight short term profit
potential, I think silver hasgot the biggest upside right

(33:12):
now. The demand has been reallyhigh with us over the last sixty
days. Obviously, I see the ETFmarket really taking off. And
then if we see that quantitativeeasing scenario happen, I mean,
even if silver goes to 46 likeI'm predicting, it's still below
its all time high of 50. So itit's it's not an unreasonable

(33:35):
number for it to go to.
Also, the other scenario too iswe saw a lot of this, you know,
with with GameStop and theseshort sellers. You see a lot of
these guys that will jump andthey they did it with silver
too, is they'll jump into thesilver market, and you'll see a
really big push over a shortperiod of time. And I remember
the GameStop buyers focus theirattention on silver, and they

(33:56):
wanted to squeeze out a lot ofthese hedge funds and really
kinda screw them over. And I sawsilver go up, you know, almost
$3 over a weekend. So you cansee that kind of push happen in
the silver market.
So I I expect something tohappen. It's not that I don't
think gold will continue to goup. I do. But I think short
term, it's really interesting.And then platinum has been

(34:16):
actually quite interesting thisyear.
Platinum, you know, everyone'sscratching their head about
platinum, you know, sittingbelow sitting at $950 for, know,
a long time. It used to be moreexpensive than gold from when I
started in the business. Andthen platinum this year has
finally started to take off. Imean, and platinum is the most

(34:37):
rare out of all three of thosemetals. It's, you know, it's
it's you know, if you look at,you know, the analogy is if you
look at an Olympic sizedswimming pool, so you have gold
in two and a half Olympic sizedswimming pools, you know, the
amount of gold above ground.
Platinum in that same scenariowould be so little that it would

(35:00):
basically just cover your feetin the Olympic size swimming
pools. That's how littleplatinum there is above ground.
So, yeah, so you're looking at,you know, platinum really up,
you know, this year. Yeah. About20% this year, really starting
to move up.
And, you know, it makes sense. Imean, it's it's a hard metal to
find. It's it's used incatalytic converters and and a

(35:23):
bunch of other things. And I andI think the jewelry demand is
gonna push platinum even higherbecause it's not gonna at some
point, you know, I have a lot offriends that are jewelers, and
they're like, the demand forgold jewelry is is starting to
slow down a little bit justbecause of the price. But
platinum is an equally goodmetal in many of those
scenarios.

(35:44):
For rings, for earrings, for Imean, platinum is a good
replacement. So if you're justIt's actually

Speaker 1 (35:50):
it's better in many ways. Because I I used to be a
jeweler, and platinum, it's it'sharder. Right? So, like,
platinum lasts longer. You know,gold is is very soft.
You see it to bring you have youknow, do a bunch of alloy mixes.
And but, yeah, platinum wasalways the, like, like, the the
the premium metal. Because Iremember back gosh. I forget how
long ago it was. I remember whenplatinum was, like, almost

(36:10):
$2,000 an ounce, maybe ten year.
I forget actually, I'll look onthe the five year. Actually,
it's been quite some time sinceit was up that high. Yes.
Looking

Speaker 2 (36:19):
at this When I started in the business sixteen
years ago, it was it was moreexpensive than gold, and it was
more expensive than gold for foryears. And then I think it
started to break in, like, 2011or 02/2012. I think gold started
to to outperform it. But but Ithink the big picture is is
these these industrial metals,silver and platinum, are

(36:43):
starting to catch up a littlebit, and and gold went on its
run. So I really like these twometals.
I would say it's a it should beprobably a smaller amount of
your portfolio in the in theplatinum. But, I mean, listen.
If platinum does what palladiumdoes, remember, palladium went
on a massive run and broke over$4,000 an ounce because they

(37:03):
started to use it more incatalytic converters. It became
a really desirable metal. Sothere's these, you know, these
things that are happening, theseundercurrent, these other metals
that people aren't really Imean, people most people today
aren't even really would nevereven talk about platinum,
probably wouldn't even talkabout silver.
But at the end of the day, it'sall about percentage growth.
Right? As much as gold feelslike you gotta have some gold

(37:25):
and I recommend it, if if youcan if things are right, we go
through quantitative easing andsilver goes up $10 from where it
is today and and gold goes upeven gold goes up 5 or 10% more
this year, like, you're gonna dobetter. 36 to 46, the math is
just there. So I I I like theopportunity, and and I also
think people are late to thestory.

(37:47):
Like, I think silver's movedkinda quick, and no one's really
talking about it yet. But theyare gonna talk I think by the
end of the summer, they aregonna be talking about silver.
It'll be in the zeitgeist of thestock because I think it breaks
40, by the end of the summer,and then it's really because
that that kind of growth isgonna get into it. And then once
it breaks 40, you'll see it allover the news, and then you'll

(38:10):
just see a trigger. So much ofwhat we discussed earlier, so
much of it is confidence.
Right? And people going, wow. Imissed out. I gotta get silver.
And I think that last push from40 to 46 will push it through
the through the last quarter ofthis year.
And that's you know, it's notunusual for that to happen. I've
seen it happen many times in inmy career, and so I think I just

(38:34):
think it's a great medal. Sopeople wanna learn about silver.
They can buy my book. It's onAmazon or you can call us.
And then we also have a, we havea 15 page shorter version of a
platinum guide that we tookinformation from the platinum
world council and, like, reallyjust can put it into, like, a
concise way. So if you'reinterested, we obviously have

(38:57):
gold guides. We have a ton ofgood information. So if anybody
wants that information from us,they wanna get access to the
book, give us a call and, youknow, we can give you a a code
for Amazon so you can get adiscount on the book, or you can
just go to Amazon and buy thebook. And I was looking at my
book on Amazon in the quantitysection, Seth, and it's it's

(39:17):
funny because, you know, goldwas like all the books in the
top 100 are just talk aboutbasically gold, crypto, and
other trading things.
I'm the only silver book inthere. And I was like, it was
going slow earlier in this year.In the last, like, two weeks, I
think people see the price ofsilver, and it's starting to
pick up a little bit. So I findit kind of interesting, and

(39:38):
it'll be interesting whathappens over the summer, if if,
people start to catch, like, thesilver train. But I'm really the
only book in that top 100that's, like, really just
focused on silver.

Speaker 1 (39:50):
And so if, I'll pull up the the website. So we go to
websitegoldwithseth.com. If,people have questions I I mean,
let's just say if someone wantsto say they're watching and then
they say, okay. Yeah. You'reright, Seth.
Stock market is all time high.Now is the time to kinda pull
that out and shift it. How easydo you make it if someone wants

(40:11):
to move money over from either,say, like, stock or a trade
account or an IRA or four zeroone k? Is that all pretty
seamless? Like, you you handle alot of legwork with that?

Speaker 2 (40:20):
I mean, we do all the legwork. We we have you'll have
a representative that'll be yourperson that'll walk you through
it. Plus, have the IRA teambehind that person. So we
basically you'll have a fewpeople that are helping you with
the paperwork. Everything'sstreamlined through DocuSign
now.
Like, you can make it you couldyou could have it all done. You
could have the paperwork done infive minutes, and then we will

(40:40):
go to work and set up youraccount with the custodian if
you're doing an IRA. If you'redoing a wire and you just wanna
get metals shipped, I mean, youcan have that. That could be
done in ten minutes, and youcould have metals in a week.
We're shipping in a week rightnow, which we're really proud
of.
And and, you know, we couldstore it for you if you wanna
have stores. So I think all ofit is really, really easy and

(41:03):
smooth. And and I think that thekeep in mind is, like, with us,
first of all, check out ourreviews and, you know, make sure
that that we're the company youwanna go with. But I think if
you call somebody and you builda relationship, that's really
important in our space becauseas the market starts to move up,
you're gonna wanna have somebodyto call. Right?
You're gonna wanna have somebodyto have to talk to about these

(41:23):
things. What we found is, youknow, doing our research in the
precious metal space is like,everybody sounds good upfront.
And then what happens in a yearor what happens in two years or
three year? Like, are they gonnapick up your call? A lot of our
competitors, the salesperson,like, they just do the sale.
They won't take your call everagain. We build relationships.

(41:45):
My sales team is is built in adifferent way and that they
they're gonna stay with you forthe life of your account. So
you're gonna call back. You'regonna talk to that person again.
And that's really important forme that you have that
consistency when you're dealingwith somebody. And so I I think
it's important to know that thisis a big, you know, opportunity
that we're presenting, but also,like, the relationships we build

(42:07):
are really important to us, andwe don't take it lightly. And we
will take whatever amount if youdecide to invest with us. We're
gonna take it very serious. Itake it very serious.
So we will take care of you.It'll be a good environment.
You'll be happy. And, you know,I think our track record proves,
you know, ten years in business,you know, thousands of positive

(42:28):
reviews. You know, we treatpeople like how we wanna be
treated, when you're goingthrough this this, journey with
us.

Speaker 1 (42:37):
Which is important, because it's not an easy space
to navigate. So Yeah. I'll pullup the website one last time. So
it's gold with seth.com. Theycan fill out the form on there,
or the phone number is [phone].
You guys are you're fast. You'reshipping is fast, everything.
And, yeah, I mean, I I wouldlook at it's like, okay. Well,

(43:00):
you know, who are you takingyour stock advice from? The the
the the TD advisor that gets acommission off of keeping you in
stock?
Or are you following, like, youknow, Warren Buffett or the
central banks or these people?And it's like, alright. Well,
I'm I'm gonna, you know, youknow, follow what they're doing,
not what they're telling me todo. It's like going to a doctor.
You know, doctors, they're gonnayou know, most doctors, you
know, they're on on the payrollof big pharma.

(43:21):
They're not gonna say, hey. Youknow what? There's probably a
weed growing in your backyardthat you can make a tea out of
that's gonna help this. Ofcourse, they're not gonna say
that. Right?
Because Right. They're gonna,you know, write you a script,
and they get, you know, one morebonus check for so, anyway,
thanks, Colin. It's always greatspeaking with you. I hear
nothing but positive thingsabout your team, and and the
feedback that we get from fromwhat you guys do. And it's it's

(43:43):
great to have you on board, andand thank you for for being part
of what I'm doing too, becauseyou've allowed me to to maintain
my independence and to keep keeppressing the, you know, the gas
on the the the gas pedal down.
So thank you.

Speaker 2 (43:54):
Thanks, Seth. Talk to you soon.

Speaker 1 (43:56):
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