Colin Plume
👤 PersonAppearances Over Time
Podcast 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.
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.
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.
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 close to 80,000. Wow.
That's nice.
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.
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?
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?
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.
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.
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.