Colin Plume
👤 PersonAppearances Over Time
Podcast Appearances
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.
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.
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.
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 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.
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.
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.
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.
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.
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
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