Chinas Massive Gold Heist In South America! Illegal Mining Happening Now..

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Summary

➡ The discussion revolves around investing in gold, silver, and cryptocurrencies. The speaker emphasizes that while cryptocurrencies have potential, they are still volatile and haven’t solved real-world problems yet. On the other hand, gold and silver have proven to be reliable investments over time. The speaker also mentions that gold can help maintain one’s quality of life by keeping up with inflation.
➡ Gold is valuable because it can protect against inflation. As the price of goods increases, so does the value of gold, making it a reliable asset. Countries like China and Russia are buying gold to safeguard their economies. However, gold is not easily replaceable as its mining only increases by about 1% per year. China, in particular, is strategically buying assets like real estate and precious metals, including gold, to spread out their risk. Despite the challenges in the real estate and equity markets, gold and silver remain safe investments, especially in uncertain times.
➡ Business costs have risen and tariffs won’t immediately lower them, but they will boost the US economy by creating jobs and increasing sales. Gold and silver prices will likely increase too. Noble Gold, a company offering great customer service and promotions, suggests buying gold and silver coins as gifts that will appreciate in value over time, rather than toys that lose interest quickly. They believe these gifts can help teach kids about value and long-term investment.

Transcript

What’s up, folks? Welcome to Nino’s Corner TV. I’m joined with Colin Plume once again. I gotta tell you, Colin, it’s like Trump has said, we’re coming into the Golden Age, and I almost think he means that literally. I’ve done nothing but invest in gold and silver with you, and I gotta say I’m very, very happy with my decision to do that, but now it almost is like people are kind of pulled in two directions. It’s cryptocurrency, or do we go with gold and silver? Or do we do both? I say, obviously, I diversify my funds, I do it all.

But I know one thing for sure, gold and silver has stood the test of time, and I believe it always will. Colin, thank you for joining me. Yeah, no, I think, you know, looking at the 2800, it did not hit 2800, and then we’ve been hitting this, there’s been sell-offs since the election, and I think this is what happens when you have a euphoria after an election is that people are like, oh, everything is kind of go back to normal, and things are going to be better again, but we know a lot, a lot has to happen, and we know that we’re still, you know, $35 trillion and going up in debt.

We know that we still have a lot of problems. Also, it’s okay to try to appoint people, and some of these positions he’ll be able to, but we also know a lot of them, they’re going to, there’s going to be pushback, and not everything’s going to go as smooth as we think. So I think we had this euphoria, we had this sell-off, and then you see this $2600 gold, which is creating a new floor, and that’s always what gold does. Gold always does, is like a stair step. It goes up, creates a floor, it goes up, it creates a floor, it pulls back, and then you have these stair step scenarios.

And I think that, you know, you’re looking at the market in terms of the demand, and the retail demand is still very strong. Now, what happens is, is that with gold prices, when you look at gold is gold at $2775, because it’s new, there’s people that are going to sell, and they’re going to take profits. But then you come into a range, and a commodity like gold comes into a range between, let’s say, $25 and $2900, and that becomes the new range where there’s buying and selling happening. But there’s a point where it gets too low, and the sellers, the owners of gold go, I’m not going to sell at $2600, if that makes sense.

So they see a price, and they see it go, I mean, we’re up, you know, at the peak, we’re up 33% this year. So obviously, you have people on the market, they go, oh, I’m going to take some profit there. But then you have also the people that are thinking, wait a minute, we have all this gold price surge, and we really didn’t see that a normal gold market for it to go up, because interest rates were high, usually interest rates high is not great for gold, yet gold continue to go up.

So the demand in gold has been really pushed by central banks, it’s been pushed by large institutional buyers, it’s been pushed that way. The retail market on the west has just started to get into the market in the last three to four months. So you’re seeing a little bit of a different buyer come to the market today. And then you’re seeing just the whole market in general, like equities, Bitcoin, you know, all these things kind of flourishing. But keep in mind, you know, a lot of this is that you need a two-way street.

And so with crypto, as much as I believe it, and I own it, you always have to think about, there has to be buyers and sellers. And at this day and age, as much as the price has gone up, none of these cryptos have really proven to solve any real world problems. And they’re all based on just demand, right in the market. They’re not, it’s not like Bitcoin is great for the countries like El Salvador than own it, but it hasn’t really become a currency that’s established in the world where they say, this is our number one currency, we’re using this.

So I think, and a lot of the other cryptos that talk about fixing problems, they haven’t really solved a lot of the problems yet. And until they do, it’s kind of like AI. There’s so much AI talk. But until they’re actually fixing problems, yes, when you go and search on Google and you get information faster, yes, that’s great, that’s good, but that’s not really solving a problem yet. So I think you have to think about in your portfolio, when you look at it as a whole, you want to have speculative things, you want to have things that people are getting an AI, you want to have crypto, you want to look at these things to take advantage, but you have to keep in mind that these crypto winters, like people get destroyed and people forget.

A few years ago, there was this massive crypto winter and cryptos, some of them went down 99%, some of them went down 90%. You know, even Bitcoin was down 70%. So unless you’re younger and you can handle that volatility, you have to really understand that that part of your portfolio can do it. And until it solves those problems continuously, it’s going to continue to have volatility because there’s always going to people that are going to say, oh, Bitcoin at 90,000, it’s enough. I’ve made my, I’ve, I bought it at 10. So the safe bet is gold and silver and always, always because you’re using it.

Right. And then the whole lot, but there’s also a lot of talk with my guests that I’ve had on my programs that these next 60 days until Trump gets in there, any, anything can happen. A lot of things can happen. And we still haven’t seen this black swan event, uh, this financial disaster, their financial apocalypse, all this stuff I’ve heard still needs to come and play that, that then it cannot happen on Trump’s watch. I mean, these people just took a heavy hit. They just, they just took their shell shocked with defeat and they’re liable to do anything now, uh, to change the game.

So people really need to keep that in consideration. We still, these 60 days could be an eternity. So I would urge my audience to, to, to most definitely take this safe bet and get into the gold and silver, uh, because I think that is the right thing to do. I mean, I’m playing with some crypto, but you know me, I go to you for everything when it comes to gold and silver. Well, and then, and I even have a lot of crypto owners that will sell and go into gold and then, you know, maybe they’ll, they’ll wait and see what happens and get back into crypto or maybe they just take their profits into gold.

You always want to take your risky stuff off the table at some point and get it into safe investments. And you used to do more, you know, real estate used to be a really safe thing that used to be, but with the holding costs and interest rates being high and the demand with real estate is tough. So it’s not that, you know, sell risky and go on a safe anymore. Um, and then I would say with silver, let’s talk about silver. I mean, silver right now it’s, it’s using everything, you know, all electric vehicles, solar panels, you know, electricity, you know, one of the things that, uh, you know, I wanted to get into a little bit is just core price increases.

I mean, we’ve had core price increases for 53 straight months under Biden’s administration, core price increases have gone up 20.4%. So you’re looking at what are some of the things that you can own or it has increased 53 consecutive months, 53 consecutive months, the latest year over year rate at 3.33%. Exactly. Shelter index rose 0.4% in October, contributing to over 65% of the annual core inflation increase. And these numbers are crazy. Yeah. So it’s like, yeah. So if, if that’s the thing that I think to keep in mind is gold is the asset that is going to keep up with the cost of inflation.

Keep up. So yeah, you’re going to get some wins and some other things, but ultimately what everybody wants is that if they have a good, uh, if they like their style living today, they, they like their house. They like that they can afford, you know, to go out to dinner once in a while, they go to vacation, like all the things that everybody wants. The goal with gold is that in 10 years from now, when you have some gold and you have some different assets, but especially gold, that gold will be able to keep up so you can keep the same quality of living.

That’s the big, that’s why when people are like, Oh, it doesn’t pay a dividend. It doesn’t this, that’s not what gold’s there for gold is to keep up so that in the event that it’s the standard, it’s the standard, right? And if you’re when gold hits $5,000 an ounce that yeah, costs of goods will have gone up, but you’ll go, okay, I have an ounce of gold. I want to go and you know, I have two ounces of gold and I want to go on a vacation or, you know, whatever I’m going to do, I can sell these two ounces or I have to fix the roof.

I have these two ounces of gold and think about how wild that is, is that when you and I started working together, you know, gold was sitting in the $1,500, $1,600 range. $1,800, I think it was 17 something. Yeah. Okay. So a few years ago. So since then, yeah, you have this coordination, this number that is scary, right? But what is gold done? Gold has gone up to protect you against that increase of inflation. So I think that’s the thing that people need to realize is that as a whole, when you’re looking at everything, you do want to have these assets and protect yourself.

And the one thing that I would say is, is that these assets are not replaceable. You know, the amount of gold in the world only goes up by about 1% per year in terms of mining. And who’s going to take that gold? Who’s going to own that gold? China, Russia right now has said that they want to continue to buy, they’re buying at a furious pace. They’re also talking about bringing out that Brix pay currency, which I would assume they’re going to have backed by some gold. So you have these countries that are continuing to buy gold to protect themselves.

On the screen, what you’re talking about is there’s a massive Colombian gold heist. So one of the biggest illegal mining operations in Colombia, that mine is actually interestingly enough is owned by China. So they have 2000 illegal miners there, mining from Colombia, which I want to dive into more because I want to see what they mean by illegal miners. Are they people from Colombia? Are they people from another country? I don’t know the whole story, but in essence, they’ve been having massive gold heists at this mining facility in Colombia. And they had 3.2 tons of gold just recently stolen from their gold mines, which is almost 3.2 tons.

3.2 tons. Yeah, I mean, this is no joke, the amount of vast system that they have in place to steal that. I mean, this isn’t like someone stealing some gold out of a safe, I mean, 3.2 tons is massive. And you can see the lengths that people are going to steal assets, to steal gold. They know these things are valuable. And you know, China is going to do and they’re doing it right now. They talk a lot about it about the article is that they talk a lot about the security measures they’re going to need to put in place.

Well, hold on. I’ve talked to a lot of people that have told me that China is all over in South America right now. So this is one of the doing different operations militarily. But obviously, the big one here is makes sense to me now. They’re gold mining. They’re gold mining. Absolutely. Yeah, it’s one of the all precious metals mining. They really want to capture that market. That’s why China is just so strategic in how they do things. And just as a country, I saw an interview with Patrick Van David. He was talking about how many bases we have in the US, like US as a military.

I think we have like 85 bases across the world in different countries. China has two. China doesn’t look at the world the way that the US looks at the way that they look at the world is that they’re placing they’re buying assets, they’re buying real estate in the US, they want to buy more, they own mines in the US, they want to continue to buy assets that will appreciate over time. They don’t want to get into skirmishes. They don’t want to be the world, you know, they don’t want to get into all these problems all over the world militarily.

They want to buy assets. And I think that will be with Taiwan, but well, yeah, but that’s I mean, that’s close to them. And there’s, you know, strategic reasons there. But I’m saying, for the most part, China, the way that they are building their country, is they want they want to spread out the risk. And they want to own a lot of different assets and all and all and they’re all real assets, real estate, precious metals, I mean, they really buy assets that cannot be replaced. And that’s really the strategy of China.

Also, they do it, they just came out earlier this year and said they’re not buying any more gold, but yet they have one of the biggest gold mines in the world in Colombia. So, you know, they’re sending a message here saying we’re not buying gold, because they don’t want the price to go up. When they buy gold mines, they don’t want to buy gold mines at a higher price. I mean, everything’s strategic with China. So these are the things that you really have to think about as like, why does a country as wealthy and growing as China, why are they doing it? They’re really trying to spread their risk as best as possible.

You know, they’re really looking at holistically, like we need to have different assets in different parts of the world, because we know things can fluctuate. And that’s really my philosophy, David, and like what I’ve always talked about. And I think I’ve been pretty, pretty straight on this for my whole career is that you do want to have different assets to protect yourself. And I do own real estate, and I do own equities. But I’m not feeling great about a lot of those investments, right? I don’t either. I feel like the safety net is gold and silver.

Yeah, a lot of the real estate that I own, I don’t feel great about because a lot of the regulation, a lot of the ways that they’re making it difficult for landlords kind of all across the country, it’s not that safe haven play that it used to be. And the liquidity is tough. You know, I have one property I for sure want to sell trouble tenants, this and that. But I know I’m, it’s a bloodbath right now, I’m going to get, you know, raked over the cool, so I’m not going to sell it right now.

So I’m sort of stuck with a property that’s underperforming, and I got money tied up there. So it’s like, these are the things you really have to think about when you’re investing today is like, you know, time and money is really important. So all the time that I have to spend with a manager to make sure, could it just be better spent in gold or silver? You know, mostly, the thing I’m buying the most is really silver, right? I have a good amount of gold, I’ve been buying a ton of silver.

I just got a ton of silver from you. So yeah, and that and when you asked me, it was like silver, you know, that that’s the thing that I, you know, the only downside was silver at some point is, you know, where do you put all of it? But you know, these are problems that that we’ll deal with. I remember Juanito came to a party here in El Paso, he came to see me in El Paso, and the first thing he did was he brought me a huge safe, he goes, you’re going to need this.

Yeah, we’re in uncertain times, and things are about to happen. The financial plug hasn’t been pulled yet, you’re going to need gold and silver. And my audience trusts him very much. And I trust him. So I have a safe with your silver in it. But I think in that uncertain times, this is the route I’m going because it’s just too hard to predict right now with everything. And it’s just so uncertain, I’d rather have it stored away in gold and silver, and know that it’s safe and sound, and it always have value. So that’s what I’m doing.

Yeah, and I also think with the equity markets, if you really dive in, and you really read what’s happening in Wall Street, which I do, I mean, they say that almost 100% of the equity market is overvalued. I read the articles every day where they’re like, they don’t understand these valuations of the companies. And listen, I get the euphoria of what happened with Trump, and then it’ll open up regulation, and that’s good. But ultimately, companies still have to profit. And with inflation higher, inflation and interest rates do harm businesses. They have to hire employees.

They have energy costs. They have electricity costs. They have to buy equipment. So the fact that rates, instead of what the Fed thought that we’re going down, they’re actually going back up. And a lot of it has to do with what’s going on with the 10-year. So a cost for a business have skyrocketed. They have not gone down in the short term. And then the next thing, the idea of tariffs will not make things cheaper right away. It will circulate more money in the US. It will help our tax revenue, because we’ll have more people employed.

We’ll have more items sold here in the US. It will help us in that way. But in the short term, a lot of these measures are going to make things more expensive. And I think gold and silver will just follow suit in that fashion. All right, folks, you know where to go. Colin Plume right here. He’s my personal advisor, and this is who I go to. So I know my audience. I know a lot of my audience is already going to Noble Gold, but anything else you want to say, Colin? No, I think, you know, Colin, we do have some great promotions going on right now.

Great customer service, too. Yeah, unbelievable. That’s what we focus on. You’re going to get taken care of here. If you’re looking to buy anything for family members before the holidays, I would say buy soon. You know, if you’re looking for a Christmas gift for grandkids, call us. You know, we got some really cool ideas. And I always say, like, listen, you can buy kids toys and you can buy it. But everybody knows five seconds after they open that toy, they don’t care about that. I’m like that. All right. Did I get up? Like, oh, great.

Open it up. You know what I mean? I have a great, I’ll tell you funny. So I have a really good buddy who has kids. I have kids. My twins are almost six and my oldest is eight. And he does this thing where he gets the presents, he gives it to him, and then they forget about them. And then he he re wraps those again. And they and they open it up like they’re excited. The next whatever it is. Wow. Birthday. Because they just want the opening. So it’s that’s just human nature, man.

That’s they just like the opening they did. Yeah. It’s just the moment of excitement. Yeah, the opening. I will tell you, I’ve given my kids wrapped, even though I don’t need to, I give them wrapped coins, golden silver coins. And they love it. And they are going to get the same excitement. And actually, these things are not going to depreciate. They’re actually going to appreciate it. And so if you really want to help your family members, don’t mess around with junk, get them something that’s going to go up. Like, it’s not like other things, but it’s an amazing thing.

And I remember growing up, you know, my grandmother gave me stock, you know, she gave me some stock, like stocks or stock. She actually gave me like, you know, we used to be able to get the stock certificates. And I have it Xerox. I’ll bring it next time on the show. I mean, like, most people probably have never even seen it. So I have the stock certificate from Xerox. But she gave that to me as a gift. And I remember I opened up, I was like, and I asked questions. And it’s distinctly in my mind, like she thought about me, like, this is for my future.

Now, of course, Xerox went into the toilet, you know, a hundred and now it’s at $8. But that, listen, and that being said, the idea was good. And, but what I’m saying is, is they’re not going to remember the Chachki BS stuff, but this stuff, you can give your family members, you can give your grandkids, you can give them a net worth at five. At my grand, my kids have a net worth because they have gold and silver, and nobody can take that away from them. So I just think like, keep in mind, like these are good gifts.

So call us if you want ideas, we can give you cool ideas, we can do, you know, we can do fun. There’s fun sets that we can do. But at the end of the day, like, I just say like capitalism works and we’re lured into it. But you don’t have to fall victim to that, you can give them something that’s actually going to help them long term. And I think in this day and age to teach them a lesson about what this is worth, and the fact that they could get a quarter out school coin that’s worth $700, that’s this big, I think would teach them more than some remote control car that they’re going to.

I agree. You know, I agree with you 100%. Colin, thank you so much for joining me, folks. You know where to go hit the link below. Noble gold, is it noblegoldinvestments.com? Noblegoldinvestments.com mentioned that you heard us on Nino’s show, and always appreciate everyone and lots of free information. So call us and definitely learn about what we do. Link will be right down below, folks. All right, Colin, thank you so much for joining me, man. [tr:trw].

See more of David Nino Rodriguez on their Public Channel and the MPN David Nino Rodriguez channel.

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