Colin Plume

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.

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.

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.

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.

Well, inherently, it makes perfect sense because they're already accepting it for tax reasons. in that state, right?

Well, inherently, it makes perfect sense because they're already accepting it for tax reasons. in that state, right?

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?

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?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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?

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?