Collin Plume
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Podcast Appearances
in precious metals and it's actual physical precious metals when it arrives at the depository we we have two one in texas and one in delaware we actually take a picture of the actual bullion coins and bars of the client acquire we send the client that photo so they can see the actual metal that they own but it is theirs it is segregated and they will be able to get access to it at retirement the other way you can do it is we actually can shift the metal directly to your doorstep
in precious metals and it's actual physical precious metals when it arrives at the depository we we have two one in texas and one in delaware we actually take a picture of the actual bullion coins and bars of the client acquire we send the client that photo so they can see the actual metal that they own but it is theirs it is segregated and they will be able to get access to it at retirement the other way you can do it is we actually can shift the metal directly to your doorstep
and that is a very popular option also people love getting it at home and as funny as it sounds there are people that probably have some of our gold under their mattress now i don't know if i'd recommend that location but we do have thousands and thousands of clients that have acquired precious metals and we've shipped it to their doorstep.
and that is a very popular option also people love getting it at home and as funny as it sounds there are people that probably have some of our gold under their mattress now i don't know if i'd recommend that location but we do have thousands and thousands of clients that have acquired precious metals and we've shipped it to their doorstep.
And the reason they want it is because they want control of it, which is the thing that I mentioned earlier is that the idea of control is the beauty behind this type of investment in that you actually can control the investment on your own. And it's not controlled by the government. It's not controlled by us. You actually control it and hold it. And that is very appealing.
And the reason they want it is because they want control of it, which is the thing that I mentioned earlier is that the idea of control is the beauty behind this type of investment in that you actually can control the investment on your own. And it's not controlled by the government. It's not controlled by us. You actually control it and hold it. And that is very appealing.
a lot of Americans to have an investment that they can hold and touch. And if they had to flee the country or go anywhere in the world, they would have access to that liquid wealth.
a lot of Americans to have an investment that they can hold and touch. And if they had to flee the country or go anywhere in the world, they would have access to that liquid wealth.
Yeah, exactly. And I think also when things are not going well, for instance, like last year, there was multiple banks that were in trouble. And right now there's lots of banks that are in trouble because of what's going on. in commercial real estate.
Yeah, exactly. And I think also when things are not going well, for instance, like last year, there was multiple banks that were in trouble. And right now there's lots of banks that are in trouble because of what's going on. in commercial real estate.
And I think that when you see any kind of banking situation where banks are going out of business or not doing well, it doesn't give a lot of confidence to people leaving money in the bank. And you saw three very large banks last year that went out of business and you saw videos of people waiting in line to get their cash out. And I think that is another reason
And I think that when you see any kind of banking situation where banks are going out of business or not doing well, it doesn't give a lot of confidence to people leaving money in the bank. And you saw three very large banks last year that went out of business and you saw videos of people waiting in line to get their cash out. And I think that is another reason
that people have liked the idea of gold and silver because A, you don't want to have it controlled in an entity that could potentially go out of business. And the Dodd-Frank Act had some language in there that leads people to believe that if a bank truly did go out of business, the FDIC had some problems that in essence, they could potentially take your money.
that people have liked the idea of gold and silver because A, you don't want to have it controlled in an entity that could potentially go out of business. And the Dodd-Frank Act had some language in there that leads people to believe that if a bank truly did go out of business, the FDIC had some problems that in essence, they could potentially take your money.
And I think when you look at The idea of the dollar itself, the return is so low in the bank also relative to what you can make out there. This year, gold is up 27%. the banks are paying 4% in the bank right now. They're only paying that 4% right now because they know that there's so many other investments out there that yields a much higher return.
And I think when you look at The idea of the dollar itself, the return is so low in the bank also relative to what you can make out there. This year, gold is up 27%. the banks are paying 4% in the bank right now. They're only paying that 4% right now because they know that there's so many other investments out there that yields a much higher return.
And so with inflation being something that everybody is talking about, everyone's talking about the price of energy and the price of food and all of these things have gone up. They've skyrocketed over the last few years. People also are saying, I can't make 4% in the bank. And I think the returns of the banks in the US are going to continue to go down.
And so with inflation being something that everybody is talking about, everyone's talking about the price of energy and the price of food and all of these things have gone up. They've skyrocketed over the last few years. People also are saying, I can't make 4% in the bank. And I think the returns of the banks in the US are going to continue to go down.
I would not be surprised if we see 3% savings returns by next year and even lower. So the other idea, too, is I just can't leave money in the bank because I need to keep up. with my quality of life. And I think that's the thing about gold.
I would not be surprised if we see 3% savings returns by next year and even lower. So the other idea, too, is I just can't leave money in the bank because I need to keep up. with my quality of life. And I think that's the thing about gold.