Colin Plume
speaker
113 appearances
2 recordings
1 series
first heard Jan 2025
last heard May 2025
Colin Plume’s voice in public audio — every appearance, attributed to the second.
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Appearances
Yeah.
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.
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.
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.
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.
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.
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 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.
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
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.
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.
They just don't feel comfortable with our debt. That's what's happening.
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.
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.
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.
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.
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.
So like you're out in Phoenix, obviously Phoenix and Scottsdale.
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.
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
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