Colin Plume
Appearances
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Overall, with the economy, the CPI report came out, inflation is still sticky. It's still here. That's something that you have to think about. Do we focus on reducing inflation or do we focus on growth? What my opinion is, there's only a few different ways to go. You go high growth, High inflation, you go high growth, low inflation, which is the ideal, but very difficult to do.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Low growth, high inflation, stagflation, that's always dangerous. We don't want that. You've been living through a little bit of that right now. We've been living through a little bit of that. So we need, in my opinion, I don't think with the next administration coming in, I don't think there's any way that you're not going to have inflation, but I think it will be coupled with high growth.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Well, it's tough because I think they've been very conservative with the money supply and they've reduced the amount that they've exposed to the markets. a lot of people believe they will open that back up. They're going to start freely bringing money back into the markets. You got to be careful when you do that, though. You got to be careful because that could bring inflation again.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
But I think that all the measures going forward, we want wage growth. We want job growth. The people that have been hurt the most over the last four years have been people that have had credit card delinquencies. They've been the highest that we've seen in a long time. Last year was the highest.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
A lot of debt for middle Americans. So They need high growth opportunities. They need wage growth. And those are the measures that I think are going to put more money back in people's pockets so that they can live a better life and not take on all this debt.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Yeah. Paul Tudor Jones, I mean, he said it best. All roads lead to inflation. That's why you're seeing alternative assets, gold, crypto, all these things really do well. The world is divested away from the dollar. They're moving away. The bricks are moving away. It's a natural progression.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
The petrodollar, this great control that we had where every dollar is being used for oil, that seems to be going away. That was a massive advantage that we had that Nixon signed in 1973. It was one of the best things he had ever done.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
um and that seems to be slipping away so i i am concerned that inflation will will continue to be here and in the high twos and i've been saying for a few years that i think two percent inflation is an unrealistic number if you look at the world nobody holds himself to two percent i actually think we're gonna go to a three percent model and um and i think that's much more attainable uh but i i think we're gonna sit sit in the high twos and the key is to be able at least to have growth outpace inflation right correct
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Yeah. Well, if you go back to You know, early 1980s and how they calculate inflation. You take the same numbers today, we'd be above 10 percent. They pulled out a lot of different statistics to show a number that's low. And that allows them to continue the debt and continue the spending. And that's typically what politicians want to do. They don't want to make any cuts.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
I think this new administration, that's the big goal, right, to make some significant cuts. to bring our debt down, which gives people more confidence. The whole de-dollarization is based on the fact that people are losing confidence in our dollar. It's not that they want to trade in another currency that's better. There really isn't anything that's that much better.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
They just don't feel comfortable with our debt. That's what's happening.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Yeah. The new book is called Silver is the New Oil. And it's basically a book where I believe that we're coming into a new super cycle. And the new super cycle is high growth. and higher than normal inflation, but higher opportunities. And I think the opportunity in silver is something that a lot of people don't talk about. Everyone talks about gold, and gold has already gone on a massive run.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
But silver is still below its 1983 price, and there's no other commodity out there. Why is that? Has there been an abundance of supply? There hasn't been that much supply. I think a lot of it has been pushed down by a lot of the larger organizations. They don't want the price where it should be.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
But yeah, I mean, we're sitting at $30 an ounce basically today, which is a number that it had already hit $50. It's hit $50 an ounce. So if you look at solar energy, EV, all the electrical uses, medical devices, and I go into really long detail. And then the government, the military uses a tremendous amount of silver, drones, all those things.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
So much silver, they don't even want to release how much silver they use. So I do think there's a massive opportunity. So I get into that in my book, and I also talk about some investment strategies that are outside the traditional investments that I've used in my life. Talk about those. Yeah, well, one of them is just focusing on assets.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
I really talk about here is that there's going to be opportunities where you're going to acquire assets at a good price and you want to continue to acquire those assets. You just focus and you add. And the two assets I talk about in the book are silver and real estate in satellite cities. I still think there's tremendous opportunities in cities that are outside the main city.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
So like you're out in Phoenix, obviously Phoenix and Scottsdale.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Flagstaff, Mesa, the next city where people naturally grow and they haven't seen that explosive growth. Those are the cities you want to identify. Find a city you understand and go out there and get it. Mesa. We like Mesa. Yeah, that's one of the cities I talk about in my book. I also talk about Greenville, South Carolina, which I actually just bought a property this year or last year.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
I bought a property there. because I really believe in it. But silver is the easy one in that there's no work, right? There's no maintenance, there's no tenants, there's so you can really buy it and sock it away. And it's it's a sleepy investment that you can just not think about. And then, you know, 10 years from now, when it's sitting at, you know, 100 $150 an ounce, you'll be
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
I think the market for silver on the exchange is still pretty small. It's not as actively traded. Also, if you look at gold, gold is bought so much and just held. whereas silver is seen as more of an industrial metal. But what people don't realize is that a lot of the uses for silver aren't recyclable. Some are, but some are not. Like, for instance, refrigerators.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
There's almost two ounces of silver in most refrigerators today. Nobody's going to go in that old refrigerator and pull that out, right? That two ounces is gone. Solar panels. 10 to 20 grams. And if there was two ounces of gold, they would take it. Yeah, exactly. I mean, this is five ounces of gold. So yeah, I mean, if someone would get in there and then what is that? This is a kilo.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
This is a kilo. Yeah, that's a kilo of gold. Yeah. If there was a kilo of gold in a refrigerator, well, your refrigerator, don't, don't just walk through the streets with this. Your refrigerator would be a hundred thousand dollars with that.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Well, and also I was going to say, not to transition totally out of it, but I was evacuated in the fires. And I've been talking to people.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Yeah, we were okay. And I was talking to people is that this is exactly, this right here is some of the stuff that I put in a backpack and I left with. And I think that one of the things that people are not going to report, and it's going to come out, is that there's someone in the fire that had millions of dollars of Bitcoin sitting on a ledger that's gone. You mean they forgot their password?
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
No, no. They had it on a ledger in their house and it's gone, right? The thing is you got to – people think some things are investments or not. I was joking earlier about purses and some of these things and people are going to be in a situation where as if this is so easy. I mean you could – this is – we're talking about like $100,000 here. This fits – this could fit in a tiny little bag, right?
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Yes, absolutely. Yes, silver does. So we do storage for silver for clients.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
So you could fit, you can look at this, you can fit a million dollars in a shoe box pretty easily. So- It's liquid. You can take it places. That's why I think it's a really smart investment. That's why people like it. But the liquidity and the other thing that I love about precious metals, the way we do it, is that you're not paying anyone a fee every year. Once you buy this, it's yours.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Every other investment in the world, there is some fee you're paying somebody every year, whether it's a management fee or property tax or an annual fee. Once you buy this, it's yours.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
They're exempt from – There's not – I mean if you sell it, there's capital gains. If you do it in the IRA, there's no capital gains. But actually 12 states have actually gotten rid of capital gains on precious metals.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Well, inherently, it makes perfect sense because they're already accepting it for tax reasons. in that state, right?
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Oh, yeah. Yeah, there's multiple states, Utah has been doing it for many years. And for you could you could train golden for your tax?
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
And if you think about that, why wouldn't the state want to do that? Like if over the last four years, gold is more than doubled. If somebody paid a tax, their state tax in this, and this was sitting at $45,000, and now it's close to $80,000. The state wins, right? The state went, why would it as opposed to them taking it in cash? Right. Because the state's obviously going to keep reserves.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
That's the whole idea. You keep reserves. So maybe they use cash that people pay in tax to pay whatever they need and they keep some of the gold and silver reserves. So I think it makes a lot of sense for a state to want to take an asset that's going to go up in value.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Yeah, yeah, no, absolutely. We have some silver promotions right now. It's a great time because you have until April 15th if you want to add to your IRA. So we have a lot of good promotions going on. If people want to add more money to their IRA and their retirement, it's a great vehicle to save money.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Yeah, no, I was talking about non-financial U.S. firms held $8.45 trillion debt as of Q3 2024. Wow. And this is an interesting stat because I always look at these things. The yield on season AAA-rated corporate bonds, 5.2% December 2024, double from December 2020. So the rate is high on this – AAA corporate debt is supposed to be – the creme de la creme. I mean, that's your best.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
They're training at 5.2%. So it's either one of two things that's happening. Either that. The market is saying that they're riskier, right? That's why they're paying such a high yield. They were paying 2.5%, 2.7 before. Or they're trying to keep up with treasury bonds and what the banks are paying for.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
I think the average bank's paying between four and four and a quarter, which is really interesting right now. I remember when that happened initially. Everybody was enamored with keeping money in the bank. But now that inflation is probably at 3% or higher, is a 4% of the bank a number that really is good for somebody or are they just – are they even breaking even? Are they losing money?
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
These are all the things that I look at when I look at the economy. They've sort of got people in love with this 4% return. But when you look at what it takes to live and the cost of living and how everything is astronomically going up, I just don't think 4% is enough.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Yeah. I mean, obviously, people are optimistic about the new administration. They're excited about what's going to happen. And they're hoping that things will happen soon, that wages will go up and things will get better. I do think it's going to take some time and I do think it's going to take some time for anyone to come in and fix a lot of the problems.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
He's going to have to come in four years of problems that he's going to have to clean up. So I think people are optimistic. I also think that if you look at some of the proposals when you talk about inflation, which is rampant right now, it's still going. You talk about tariffs, you know, tariffs are the reason that no president really wants to take on tariffs.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
This is really it's a long game, right? Because it would make
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
certain products more expensive in the short term and so what we're starting to see is a lot of people buy things now before they think things will go up i mean i've seen numbers where they think computers could go an average computer of you know 600 could be with a 20 or 30 tariff could be seven or eight hundred dollars so a lot of people are trying to pre-buy things before these things could happen for those price upticks before the upticks happen and so i think that's i think that's smart and i i do think people that are getting early
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
on some of the things that we do will also take advantage.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
Well, I always think about this is the class, whenever you hear about hedge funds, and these firms, they always say assets under management, right? That's the classic term that everybody says, what are assets, assets, or businesses, assets, or real estate assets are, Precious metals. These are all assets that the wealthy is buying, that these big corporations are buying.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
So everybody is trying to acquire assets. That's the key to this next economy. And I think what people need to realize is that a lot of people say this to us is that things sound and feel expensive. And if they sound and feel expensive, then why is BlackRock buying all these houses? Why are all these institutions picking up properties?
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
You know, in Los Angeles, one of the biggest buyers of commercial real estate apartments is the city of Los Angeles. The city of Los Angeles, just, you know, Encino. Woodland Hills, they just bought a $400 million apartment building. The city of Los Angeles. with taxpayer money. They're buying assets. So the key to this new economy to protecting yourself is it's really an asset economy.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
That's really what you have to do. And I do think that precious metals plays a part in that. But I think overall, it's just assets, having a business, having some different income streams and really being diversified.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
We have some shipwreck coins. Right now, we focus on incredible customer service. I mean, that's really what we do. And there's a lot of gimmicks out there, things that you do. You are going to get some free gold and silver if you do any purchase with us. We have different promotions. But really, what we focus on is selling bullion coins and bars. How much is this worth? That's five ounces.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
So you're looking at, you know. $11,000, $12,000. I could just put that right there. Yeah, it fits easy in there. Just slide right in there. It's just right there. No one even knows I have it. Do we have a metal detector here? Does it pick up? Oh, yeah, definitely.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
For more on many of these stories and news you can trust, go to charliekirk.com.
The Charlie Kirk Show
How Joe Biden Could Have Won 2024 — But Didn't
I want you to know we are lucky to have Charlie Kirk.