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
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.
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.
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.
That's close to 80,000. Wow.
That's nice.
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.
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?
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?
Yes, absolutely. Yes, silver does. So we do storage for silver for clients.
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.
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.
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?
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.
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.
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?
Showing 81–100 of 113 · page 5 of 6
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