DeepSummary
Charlie Kirk interviews Colin Plume from Noble Gold Investments about the economy, gold, silver, cryptocurrency, and Joe Biden's chief economic advisor. They discuss the surge in gold prices this year due to inflation concerns, the potential shift away from the U.S. dollar by other countries, and the benefits of investing in tangible assets like gold and silver.
Plume argues that the demand for silver is outpacing supply due to its industrial applications, and he predicts that silver prices could reach $100 per ounce by 2030. They also talk about the importance of bringing manufacturing jobs back to the U.S. and the potential benefits of tariffs on foreign imports.
Kirk plays a clip of Biden's economic advisor, Jared Bernstein, struggling to explain how the government finances itself through printing money and borrowing. Plume criticizes the lack of fiscal discipline and warns about the dangers of excessive debt and money printing.
Key Episodes Takeaways
- The surge in gold prices this year is driven by concerns over inflation and the potential shift away from the U.S. dollar by other countries.
- There is a growing demand for tangible assets like gold and silver, which are seen as a hedge against inflation and currency devaluation.
- Bringing manufacturing jobs back to the U.S. through tariffs and other policies is crucial for economic growth and wage increases.
- Excessive debt and money printing by governments pose significant risks to the economy and can lead to currency devaluation.
- Investing in physical assets like gold and silver allows individuals to have direct control and ownership over their wealth.
- The demand for silver is outpacing supply due to its industrial applications, potentially leading to higher prices in the future.
- There is a lack of understanding about fiscal policy and the risks of excessive money printing among some government officials.
- Gold-backed currencies could potentially limit government spending and debt, but also provide more fiscal discipline.
Top Episodes Quotes
- “The us government can't go bankrupt because we can print our own money.“ by Jared Bernstein
- “I think that if you believe that gold and silver will be items that are continued to use in industry, if you believe that countries will back currencies by gold, Zimbabwe did it. They did it. Now, Zimbabwe is sort of a joke in terms of currencies.“ by Colin Plume
- “But is that necessarily a bad thing?“ by Colin Plume
- “The idea with us that you could own something by yourself, you're in control of it. You can store it on your own, or if you want us to store it in a segregated place.“ by Colin Plume
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Episode Information
The Charlie Kirk Show
Charlie Kirk
6/19/24
The Biden Administration claims that inflation is coming under control...but if that's the case, why is the value of gold surging this year, and why are people fleeing fiat currency more than ever? Collin Plume of Noble Gold joins Charlie to discuss Debt vs. GDP, bringing manufacturing back home, and the real state of the economy.
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