UNSURE ABOUT YOUR FINANCES? This could help!
Summary
➡ The speaker warns listeners to be cautious when investing in precious metals due to prevalent misleading practices in the industry. They caution against buying irregularly sized coins, falling victim to overly promising offers, and discuss the harmful effects of market manipulation. The speaker finishes by endorsing their own company, Noble Gold, for selling genuine bullion coins and bars, and providing consumer education about the industry.
➡ The speaker discusses the importance of education in the precious metals market, emphasizing the role of specialists at Noblegoldinvestments.com. The speaker encourages people to consider investing in gold and silver for slow growth in uncertain times, while providing information on precious metals shortages and their increasing industrial uses. They also recommend considering gold as a hedge against inflation and diminishing dollar value.
Transcript
Hey friends, it’s Peggy Hall back with you from thehealthyamerican. org and if you’ve been following my channel, you know my guest Colin Plume. He’s the CEO of Noble Gold Investments. Noblegoldinvestments. com colin, it’s great to have you here. You have been a sponsor of my show from the very get go. And I have to say, right as we were getting on air, your assistant said, colin will be right with you.
He’s just going to go grab some gold. Old. And I thought, that is such a great like, I love that phrase and I love the idea that you can just grab some gold. Over the last few years have been literally upside down for our country. People have been worried about their future, their financial future. I get inquiries every day about people that are getting fired from their job, looking for a new job, not sure about what’s going to happen with inflation.
Grocery store prices are going out of sight. And so I don’t talk that much on this show about the economy. I want to leave that to you, the expert. So before we dive in, let our viewers know a little bit about your background, Noble Gold, and then let’s talk about some current events and then we’ll let folks know about how they can learn more if they want to have an additional option to diversify their holdings.
So, yeah, take it away. Yeah. So I’ve been in precious metals for about 14 years. I sort of fell into it even though my grandfather had given me some silver coins as a kid and my father had collected silver, which a lot of people watching this probably had that same experience. But I was in commercial real estate for many years, selling shopping centers and apartment buildings and things, triple net properties, and sort of realized that I wanted to get into something that I was really passionate about.
And I started to read some books about fiat money and how they were just inflating our money to the end of the world and that people think that the government is in control of how our money is and how it’s created, and it’s really not. So I started to fall in love with a lot of these books, talking about these scenarios and thought I’d try the precious metal space.
And I’ve been there ever since. I’ve been around gold and silver for the majority of my professional life. And I think what we find, if you look at history, you look at a year like this year, where right now, obviously the United States, we’re involved in two wars. And it reminds me a lot of what happened in 2001. 2001 was a very similar time period where as a country, we went into war and we had to and the government reacted, you know, quickly and fiercely and, you know, it set us in in a different direction in terms of the economy.
We lowered rates kind of to nothing which we had never done. We dropped rates down and that was the first bull run in over 20 years in precious metals in 2001. Gold and silver really started to take off during that time period because people were afraid of other investments that are out there and so they started to dive into metals and so you saw gold and silver really take off.
So that was the first bull run and I think a lot of it had to do with the nervousness of the market which we have right now. We’re in a different situation so it’s almost the opposite because you have the highest interest rates we’ve seen probably since the 90s. Mortgages 30 years are almost 8%. So we haven’t had that happen in over 20 years. So we’re in a different position on the mortgage side.
You have a tremendous amount of real estate that’s coming due, debt at these very low rates that are going to be very hard to refinance. So you have this real estate bubble that’s happening and Warren Buffett, Charlie Munger and all these guys have been sort of talking about the shift from the current owners of a lot of the real estate in the world in the US. To who the new owners will be.
And then you have people that just want safe havens and so they’re looking at what’s a safe haven in this environment? And so you’ve seen gold and silver over the last two weeks really start to perform well. And when you look at the charts, you know we’re starting in a bull run because you see very dramatic days up. We had a day that gold was up $65 in one day.
And then you would think typically the Monday that was on a Friday, typically the Monday after you’d see a massive sell off. But actually gold didn’t have a massive sell off. It was only down about a quarter of a percent on Monday. So it wasn’t like when you have gold going up 3% in a day, typically there’s people taking profit the Monday after. We didn’t really see that.
Which makes I think the market is telling us that traders believe there’s a lot more movement up in the metals market and I think a lot of it has to do with just the safe haven of gold and silver is very appealing to investors right now. Well, that is really interesting, Colin. And you use that word safe haven. And heaven knows, for the last three years, people have felt anything but, you know, with their money, their jobs, their family, their health.
Some people have moved for various reasons. And a question that I get from the audience is about gold and silver in terms of who do you know who to trust? There are so many people out there that are pitching the products and if you can just go over some of the common objections that people have and friends that are curious here, and maybe you haven’t even thought about it, but it’s something that you want to educate yourself on, because we don’t know what the future holds.
And I’m a person that’s all about prepping, and I want to have all of my bases covered. So what would you say to the naysayers or people that have questions about this? Yeah, and it’s funny so that recently there’s an institution that’s popped up that’s never done gold and silver. They’re starting to do it now. And I was looking at their offering, and at the beginning it looked pretty good.
The prices were good. I was like, okay, they’re charging a fair amount similar to what we charge. But then if you looked at the fine print, if you looked at the storage and the security, there was two things that popped out. One, it was not segregated storage for IRAs, so it was commingled, which means it’s just in a big vault with everybody else. We only offer segregated at Noble Gold because I feel like if this is your gold, you want the depository to verify it, then they shrink wrap it and then it’s yours.
So if ever you want to get it, you get it. There’s been many examples of depositories that said they had enough gold, and then trouble happens and they were short. And then investors are looking to find where their gold is. This never happens in a segregated depository because they’re auditing every day and they know exactly how much gold. So that was the first red flag. The second red flag was the storage.
And we offer for IRAs, it’s a flat fee of $250 per year, regardless of the dollar amount. This storage seemed good. It was a half to three quarters of a percent. But if you started to look at the numbers on someone that was doing like 100,000 or 200 or 300,000, that storage alone could end up being anywhere from $1000 to $3,000 a year, where we’re at a flat 250.
So there are things happening. So I think that you’re right. People need to look at what they’re doing. And the person we explained this to them and they almost said, well, yours seems too cheap. It doesn’t seem like the right price. And I said, well, the reason that we get this price is we’ve been doing this a long time. It’s in a segregated facility. People typically hold their IRAs for a long time, but the place that you’re talking to, that’s not their bread and butter, they don’t do gold and silver.
They’re just adding it on. So obviously the depository, they’re only going to do it a few times for somebody. They’re going to charge a premium. So instead of looking at that, you have to look at the whole puzzle and really look at the numbers. And luckily, we were able to save this person because the person was going to do about $200,000. So they would have ended up paying between two and $3,000 a year in storage, whereas with us, they’re going to only pay about 250.
And it’s all the same. Lloyds of London Segregated Storage, they would have just paid about a $2,000 increase in storage with them. And if you look at people typically hold this for five to ten years now, you’re talking to anywhere from, like, 10,000 to 20 or $30,000 more that they could have paid with this other company. The second thing you have to look at in the industry is what the company is selling.
This is the most important thing. What you find is that if a company tells you to buy a specific coin and the coins are always strange sizes half an ounce, quarter ounce, one and three quarters ounces if they’re telling you to buy this soil, a lot of it is they’re trying to trick you into a situation, unfortunately, and this happens all the time, and they’re trying to get you buy a specific coin.
They’re going to tell you it’s rare. They’re going to tell you all these things. But what people do is when they do the math and they don’t really look at it, they can end up paying 40. I’ve even seen someone paying 40 or 50% more for the same bars that we sell per ounce. So you really have to be careful and look at it. And it’s always this.
They’re offering $5,000 in free silver or $10,000, and you know this, Peggy, if it’s too good to be true, it always is. So those are the two things that I’m seeing in the industry. It’s really prevalent. I’ve seen them calling, saying, hey, we’ll give you $15,000 in free silver. Well, nobody’s giving anything away in business. It’s important. Yes, we do give one free coin away, but we’re not offering $5,000 and $10,000 because you can’t basically, they’re just going to build in the commission into that free coin.
And so that’s what ends up happening. These people don’t realize once they do the math, they’ve done the trade, they wake up, they go, oh, no, I paid I saw a client, he had $100,000 start with, and then he looked at his statement six months later, and he was down to $45,000. And this is with a competitor, a very big competitor of ours. So you do have to be careful.
There are good companies like us. You can check out our reviews. You can go to the BBB. If you go to the BBB and you just check reviews and you really read, you’ll find that you can avoid those things pretty easily. And you want to focus on buying bullion coins and bars that you’re going to own. That’s the beauty behind it. You’re going to own these items. They’re not held by a trust.
They’re not an ETF. You’re buying the real deal from us at Noble Gold. And that stuff’s really important. And I think in today’s environment, when you see things like JPMorgan is paying out $925,000,000 because they had traders on their floor from 2008 to 2016 doing spoofing in the precious metal space. And so there’s these things that are happening out there that people don’t realize that these big institutions are doing.
And JPMorgan basically just paid this fine to kind of hide under the rug, but they made well over the $925,000,000. That’s why they agreed to pay it. And basically Spoofing, if people aren’t familiar traders, what they can do is they can go to the market and look like they’re placing a trade. So they’ll hold a trade and they could do it in very big amounts. And what that typically does, if you see someone holding a big trade that they’re about to place, it may signal that that market is moving in one way or the other.
And basically what they did is they would never place that trade. And so basically they would do is they’d have a trade on the other side. They’d fake the market out with these fake trades and then they’d bet against those trades. It’s called spoofing. It’s completely illegal. JPMorgan was doing it from 2008 to 2016. You can read about it, there’s articles all over about it. Ended up having to pay a pretty hefty fine for that because they’re trying to manipulate the market one way or another.
And unfortunately, these things happen in these markets where you have so much money involved. You have these guys that are making huge fees and they’re going to play both sides. And really, it’s not fair to the market that they’re trying to manipulate. And listen, we’re in 2023. It took them seven years to pay this fine to get this out. The money has been made and spent since then, but there’s a lot of bad actors out there, so you do have to be careful about who you do business with.
Wow. JP morgan’s been in the news quite a bit lately, and that’s not good news there. But let’s look at some good news. You’ve got a pile of precious metals there on your desk. Show us what you’ve got there, Colin. Yeah, I got a Canadian maple leaf with the queen. So this is an older coin. Obviously the king’s on it now, you probably can’t see it. I have a philharmonic coin.
These are 1oz coins, $2,000. So it’s about 4000, give or take here. I got a ten ounce silver flag or yes, a ten ounce silver flag. This sits on my desk, so it’s a little rusted. If you leave silver out, it can rust. So people always get freaked out about that. But people still buy this back. You don’t have to worry about a little rust on it. And then I got platinum.
I got a 1oz platinum eagle because people have forgotten about platinum. It’s funny, they did a study and they were interviewing people out there, hundreds of people, and they were asking them if they thought platinum was more expensive than gold. And almost everybody thought platinum was more expensive than gold because you see it in jewelry. And I think the history, you kind of thought that platinum is more expensive, but actually platinum is in the $900 range and gold is almost 2000.
There’s a lot of information that platinum could be the metal to explode, because they’re starting to use platinum and catalytic converters as opposed to palladium. So they’re starting to switch that out. Platinum is actually out of all of these gold, silver and palladium and gold, it’s the hardest to mine. It’s very difficult to find. They use it in a lot of industries. So look out for platinum. So I just brought a little platinum here.
People forget about platinum. They always think about gold and silver. But platinum is a metal that I really love, and we’ve been selling a ton of platinum lately. Well, that is really interesting. As you say, it could be poised to be the next one to explode, especially since it’s quite a bit less than gold. Yeah, when people think about jewelry, it’s always platinum. And even kind of online, if you’re going to know the VIP clubs, it’s like, oh, the platinum is the highest, higher than gold.
You know what I want to do, Colin, is go on over to your website, because I’m all about education, and I feel that when people get knowledge, even if they’re not going to act on it, they’ve gained something. And what I really like about Noble Gold, and I’m going to show people to go to Noblegoldinvestments. com is you’ve got all this free education for people. So you’ve got a tab called Learn, and I’ve been scrolling around there quite a bit, and you can learn about the gold IRA different topics that you have here for folks, and you also have a free guide.
But the other thing is, you’ve got a free phone call. People can call you up, find out about what you have to offer, and they will speak to somebody in your office. Right. They’re not going to be offshore. Tell us a little bit what happens if somebody says, you know what, Peggy? I’ve been watching these promotions that you have these messages over the years, and finally I just want to get some info.
I’m not sure if this is right for me. Walk us through what happens when somebody picks up the phone. Yeah. So when they get assigned to a customer service rep, that person has been trained when they’re talking to somebody live, that person has been on our floor and been trained by a senior associate that’s been in the business for at least five years or longer. So everyone that you’re talking to is either trained by or been on the floor and done this for at least five years.
So they get intensive training and they get trained for two years, and they get to learn the ins and outs of the metals. And so they’re very knowledgeable. A lot of times in industries, you see people that were in the mortgage industry and then they bounced into this. Our floor is very seasoned. They’ve been around for a while and you have all ages, men and women on the floor, ages anywhere from 30.
And then my father, who’s almost 80, actually still is on the phone because he likes to talk to people and he loves precious metals. So we have wide range of people there that you can talk to and they are going to tell you some great information about what we do in the physical market. They have understanding of it. They own precious metals. And I think that’s what’s unique in today’s world is that a lot of times when you’re early in a process, you don’t get to talk to somebody that really has enough knowledge about what they’re talking about.
And we do. And we can give you all that information and we can send you out the Gold and Silver Guide. We have a brand new Silver Investment Guide that talks about all the pros of silver, the shortages of silver that we’re going through right now. So there’s a lot of good information there that you can get. But I would say that people that are hesitant call these people, talk to them on the phone.
I think you’re going to really enjoy your phone calls with them. It’s a no pressure environment and they’re going to give you some good information about the metals market. And as you said, education is really important when you’re looking at anything new. And you could probably cut that time in half by giving somebody a call and just learning about the pros and cons of the precious metals market.
These are people that are working in your company, trained by experts. Your dad might be somebody that picks up the phone. So friends, I will have a link for you. But in case sometimes people don’t expand that description, box it’s 877-646-5347 and you know, it’s completely no pressure. This is all about seeing if it’s a fit. And Colin, I’ve got people that contact me to be partners on my show.
And there are sponsorships that I don’t pursue because it’s not a good fit. It’s not something that I trust. That’s huge for me, I’m all about truth, facts. Helping people actually is my end goal, to make sure that they have the resources that they need, strategies, solutions. I don’t want to put people in the spin cycle and they walk out more confused and dazed. So I’m grateful to have you as a sponsor to be this wealth of knowledge.
And for me, it’s all about being prepared and having that peace of mind so that not all of your eggs are in one basket. I do understand that some of my audience members, I mean, they’re on some hard times right now and friends, if that’s you, this may not be something that’s right for you at this moment, but you never know when your situation changes. You may know someone that is in a position that wants to invest their four hundred and one K in this way.
So share the information if you would. If this is not something that seems like it’s a match for you at this time, I love to learn. I appreciate you being on the show, Colin. Let me give you the last few. My voice is a little hoarse here, but let me give you the last couple of minutes here. Anything else you’d like to share with the audience? I’ll have a link for Noblegoldinvestments.
com where they can get more info. I would we’re, we’re, we’re in perilous times in terms of what’s happening in the world. China is moving their ships to the Middle East. Nobody wants war, nobody wants what’s happening, but it seems like some things are going to happen. Unfortunately, it doesn’t look safe out there. This is typically a safe haven. It feels very much like 2001 to 2008 when we had that massive, the last really massive bull market run where metals really started to take off.
So I think you’re going to see more of that happen where people are going to look at a divest and they’re going to get into some safety plays. You’ve had China and Russia buying a tremendous amount of gold. They’ve been talking about backing a BRICS currency with gold. So there’s just a lot of movement in the space. Right. You know, the thing about gold and silver that I say especially gold at people is that it’s looked as a currency, it’s used as a commodity, it’s used in industry.
Central banks hold it and all of these metals have industrial uses that continue to grow. I mean, they’re talking about the silver shortages, the amount of ounces they’re going to be short because of solar panels and electric vehicles and just all the technology. So you’re not just buying something that has been around for a long time just because it’s been around, you’re buying it because they continue to use it, the uses continue to go up.
And so, yeah. Are you going to become a millionaire overnight in gold? No, that’s not the play here. The play is you have some money, you want to be safe with it. You want to take off a chunk and just think about doing some safe. And that’s why I think gold is a great investment for those types of people. People that want to get rich quick or looking to move.
This isn’t the thing for you. But if you’re looking for slow growth, I think you should take a look at this right now. I think it’s interesting times. And check us out. Check out Noble Gold, check out our reviews. We work hard at it. We love it. We’re shipping millions and millions of dollars a month of gold and silver to people’s. You know, anybody that’s looking to see that the proof is in that you can read people’s reviews.
When they get the gold and silver, they’re happy. So we’re happy to be here and help people. So we’re just here to educate. And Peggy, thank you for having me on the show. I love talking about this stuff. And hopefully none of this happens. Hopefully these things in war don’t happen. But listen, Biden’s already said he’s going to put 100 billion in what’s going on in the Middle East.
There’s a lot happening. There’s a lot of money going out. And so the value of our dollar is shrinking dramatically. We’ve gone into tremendous debt. So as a hedge against that, these are the things that a lot of people are looking well. Very well said, Colin. I love that gold is a currency and a commodity, so there always will be a need for it. And looking at this as an opportunity for a hedge against inflation and people have money sitting in the bank, it’s melting pretty fast.
So, again, personally, I probably should give a little disclaimer here. I’m not giving any financial advice, of course, but what I’m all about is education, and that’s what you’ve provided us with today. And it’s always great to have you on board here, Colin. Friends, I want you to go to Noblegoldinvestments. com. You can click that description box. It will expand. There will be a phone number and also a link where you can go directly to get your questions answered.
Stick with me for just a moment, Colin. Thank you, everybody, for being on board at the Healthy American. I want to remind you to get my free substac because that’s where I do some longer form articles that are a companion to my videos. And that way you can dive into the little research with me, go on that journey as we build our muscles of critical thinking, which is so needed in this world.
All right, see you soon, everybody. Bye. .
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