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Seth Holehouse is a TV personality, YouTuber, podcaster, and patriot who became a household name in 2020 after his video exposing election fraud was tweeted, shared, uploaded, and pinned by President Donald Trump — reaching hundreds of millions worldwide.
Titled The Plot to Steal America, the video was created with a mission to warn Americans about the communist threat to our nation—a mission that’s been at the forefront of Seth’s life for nearly two decades.
After 10 years behind the scenes at The Epoch Times, launching his own show was the logical next step. Since its debut, Seth’s show “Man in America” has garnered 1M+ viewers on a monthly basis as his commitment to bring hope to patriots and to fight communism and socialism grows daily. His guests have included Peter Navarro, Kash Patel, Senator Wendy Rogers, General Michael Flynn, and General Robert Spalding.
He is also a regular speaker at the “ReAwaken America Tour” alongside Eric Trump, Mike Lindell, Gen. Flynn.
Welcome to Man in America, a voice of reason in a world gone mad. I'm your host, Seth Hullhouse. One of the more exciting stories that I've been following, especially since earlier this year, has been the movement of gold. Now earlier this year, there was this news coming out that the LBMA and some of the banks over in London were actually struggling to deliver the physical gold. And what we're seeing, though, is that there were massive amounts of gold that were moving from Europe over into America.
Speaker 1:Now there was a lot of different speculations and, you know, ideas about why this was happening. Was it because war was coming in Europe? Was it because a revaluation was coming in The United States? And many people speculated that under Trump, what was happening was the treasury was basically repatriating all this gold. So we had all this gold on our balance sheet, and that they were then gonna revalue the gold.
Speaker 1:Now this is kind of a confusing topic. And so in today's show, I've got my good friend Colin Plume, and we've got a few videos and informational bits that we're gonna help you really understand the nuts and bolts of a gold revaluation because it's been done before in history a couple of times, but we're gonna be looking at what is a gold revaluation, what are the historical precedents, but most most importantly, what would happen today if a gold revaluation happened? Because a lot of indicators show that that it looks like they're going to be doing a gold revaluation, which would be as absolutely massive. So please enjoy the show with Colin. Just And a quick reminder that if you like the show, especially on Rumble, make sure you hit that like button.
Speaker 1:When you hit those like buttons, it really helps the show to reach more people based upon their algorithms. So, again, if you're watching on Rumble, smash that that like button for me. Thank you, and enjoy the interview. If you or a family member are on Medicare or turning 65 soon, you need to listen to this. Medical enrollment is full of misinformation.
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Speaker 1:So give them a call today at (777) 801-5366 to make sure your Medicare plan works for you. Most people wish they had called them much sooner. Again, that's seven seven three eight zero one five three six six. Colin, man, it's great to have you back on. Thank you so much for being here with us today.
Speaker 2:Thanks, Seth. Good to be here. Excited to talk about this today, dive in, and, explain this, you know, interesting way of doing math that the government, has in store for us.
Speaker 1:To put it lightly. So, yeah, so gold revaluation, this is something that back when Trump and Musk were talking on Twitter about this, you know, Trump would answer some questions to reporters. There were, you know, ideas of a of an audit, maybe a livestream of Fort Knox. And this was around the time that we saw there are massive gold amounts flowing from especially over in Europe into United States, and there's a lot of speculation in people thinking, is Trump gearing up for a revaluation of gold? And so now at that point, this is pure speculation.
Speaker 1:Yet just this month, the Federal Reserve literally put out an article called official reserve revaluations, the international experience, where they say, with public debt at high levels, some governments have begun exploring financing additional expenditures without raising taxes while also not increasing public debt outstanding. I mean, who would want that? Says one possibility is using proceeds from valuation gains on gold reserves as have been floated in The US and Belgium recently. For The US, this would involve revaluing the government's 2,261,000,000 troy ounces in gold reserves, the largest gold reserves globally, from a statutory price of $42 an ounce to the current market price, which stands around 3,300 per troy ounce. So this is now no longer a conspiracy theory or even a speculation.
Speaker 1:We've now got a document coming out from the Federal Reserve acknowledging that there is an exploration in The United States of revaluing our gold reserves. And so I think in today's show, which will be, you know, quite concise to hitting this topic hard, looking at what is a gold revaluation, what are the mechanics of it, and how will that affect the gold prices globally.
Speaker 2:Mhmm. Yeah. It's it's it's a tricky way to get budget neutral profit, which it's there is a it's not neutral. It does have an effect. There's some pros and cons, but that's in essence what they're trying to do.
Speaker 2:And so I I think as you explore this and we go down this, you really do have to think of how it is gonna affect everybody today and their dollar and how it affected us in the third 1933 when we did this before. We did this before. We did it in '33, '34. They the price of gold was $20.67. They told everyone to turn in their gold.
Speaker 2:They said everybody turned in their gold coins, and they gave them that $20.67 price. And then within, you know, a year or two, they revalued the price of gold to $34. So everybody that turned in their gold at $20 lost, you know, $13 in value, you know, 50 percent in value overnight.
Speaker 1:So, basically, just to summarize, that they this is under Roosevelt. Right? They passed it was, like, the gold confiscation act where they said, look. We need to bring in gold for our reserves. And they said, okay.
Speaker 1:Everyone bring in so I'll use this this bottle cap. You you bring in your gold ounce coin, your $20 gold ounce coin, and we're gonna give you this, you know, $20 note. Right? Because gold is backed you know, sorry. The dollar is backed by gold.
Speaker 1:So they'd say, okay. That seems like a fair exchange. The government needs my gold. They're giving me $20 in exchange. They're they're a one to one ratio.
Speaker 1:And so everyone did that, and now everyone no longer has their one ounce coins. Instead, they have this note that says it's worth $20. But then within a short period of time after that, they then took the value of that gold coin and almost doubled it, which really kinda makes this note worth almost half of what it was before. So it kinda screwed the American population at that time. Correct.
Speaker 2:Yeah. So, basically, the dollar lost 69% value, and everyone that turned in their gold really got taken advantage of, which, you know, I think people have learned their lesson. They're not gonna turn in their gold this time. Right? We're done with that.
Speaker 2:We we we we got taken advantage of that one time. But so them revaluing gold, then they did it a few other times in the seventies. And, you know, now we are where we are today where the gold price on our books is sitting at $44. And now the talk is, like, let's change the price to put more money in the economy, which in 1933, we used all that money to stimulate the economy. It was right after the Great Depression, right during the Great Depression, and we created all these jobs, these government jobs.
Speaker 2:We built out the parks. We did a lot of things that that we use this money for. And so in in the time we're at now where unemployment's going up and things are getting worse, there it seems like they're thinking, like, let's try this again. Let's do this again and see if revaluing gold, what it does to the economy, and it does it give us a boost? It definitely will generate a lot of stimulation in the economy, money, And and I think that's part of the reason they're thinking about and exploring it.
Speaker 2:I mean, obviously, if they with them putting that article on their website, they're looking into this strategy.
Speaker 1:And so looking at okay. So The United States as a government let's just say it's an individual. Right? So they had this this person, the US government, has a balance sheet that lists their assets. And Right.
Speaker 1:Supposedly, the this person, the US government, has 260,000,000 Troy ounces of gold. Now there's a lot of speculation of, is the gold really there? Is it in Fort Knox? Was it sold off a long time ago? And that's a whole different story.
Speaker 1:But according to what we've been told, the government has on its balance sheet 260,000,000 Troy ounces of gold, But that gold is currently valued at $42 an ounce, which happened in the seventies. Now I know that, you know, between the seventies and the eighties, that's where you had the LBMA that was introduced. I think it was in '86 perhaps is when they had the the, l b n a LBMA out of London controlled by the Bank of England. And it seemed like what was happening was that they did that because when they removed as far as I understand, when they removed the dollar from the gold standard under Nixon, that what happened is that you saw gold go up a lot, actually, but what it was really showing you is how much the dollar value was dropping. And so there were all these mechanisms put into place to artificially suppress the prices of precious metals because they those were kinda the canary in the coal mine and showing the inflation.
Speaker 1:And so do you think that when you look at that, it's like, okay. Why would the government keep it valued at, you know, $44 an ounce? Well, that gold reserve is tiny compared to the amount of dollars floating around. And so if them revaluing the gold is gonna actually show how much the dollar has lost its value, potentially, it makes sense why they've kept it at that. So the fact that they're talking about this openly, do you think that it's because they've realized the dollar perhaps is reaching the end of its life cycle as a fiat currency and that governments are moving back towards gold?
Speaker 1:Because we're seeing that. We're seeing that central banks and new wealthy families, they're putting every not everything, but they're putting significant amounts of their money Yeah. Into their physical gold holdings.
Speaker 2:Yeah. It feels like a hail Mary play. It does feel like central banks have just continued to buy so much gold. I mean, gold surpassed the euro as as a central bank asset in their holdings. It's number two now.
Speaker 2:So I I think that you're seeing this move away from paper, and they're concerned. And and I think our government is concerned. I think they're they're they're the red flags are up. And so if the idea of of revaluing gold put some money back in our pockets even though we wouldn't sell it. And, you know, I think there's a video you're gonna show where it sort of explains how we sort of give it back to ourselves and gives us this boost of value, which I I I think is a little bit of funny math, but that's the world we're in
Speaker 1:for today. You.
Speaker 2:That's modern banking. Exactly. So I I I think we're we're doing some things because we are quite concerned that our our, you know, debt to GDP is out of control. I mean, we're at, like, a 100 over a 120%. And it just, like we're just spiraling out of control.
Speaker 2:So I think they're just they're trying to see what they can throw on the wall to kind of keep this Ponzi scheme, moving along.
Speaker 1:There you go. Ponzi scheme. So, yeah, we've got three short videos, under a minute or so that walk us through what it kind of very high level. What is a gold revaluation? What did it look like when they did it before in history, and what would potentially it look like now?
Speaker 1:So let's just bang through those videos because it's gonna help explain this topic. So here's the first one. What is gold revaluation?
Speaker 3:US Treasury would issue a gold certificate to the Federal Reserve for $773,000,000,000. And in exchange, the Federal Reserve would send the treasury $773,000,000,000. And that $773,000,000,000 that the treasury receives would not be a loan. It doesn't add to the debt. It's money free and clear.
Speaker 3:But, ultimately, this would be an accounting move, which would create billions, if not trillions of dollars out of thin air without raising taxes, without cutting spending, and without borrowing a single extra dollar. The US treasury.
Speaker 1:So, basically, as I understand this, what he's saying is that currently with at with 261,000,000 Troy ounces of gold at $44 an ounce, it's roughly $11,000,000,000 on the treasury's asset sheet or balance sheet. And so but if they, say, revalued it $3,000 an ounce, then they that that's now worth $78,084,000,000,000,000 dollars. And so if they sent a gold certificate I'm not sure how it gets from $7.84 to $7.73, but for instance, if they then took that revaluation and gave that to the Federal Reserve as a gold certificate, it's not a loan. It's basically me saying, hey, Colin. I've got, you know, I've got a a single, silver piece of silver here.
Speaker 1:It's one ounce. It's worth $35. I'm gonna give it to you to hold on. You give me $35 in cash. Right?
Speaker 1:It's not really a loan because you're not you're there's no risk in it for you because you're holding that you're holding a certificate or you're holding that physical silver. So that's explaining how it would almost magically create close to a trillion dollars for the balance sheet. So we'll we'll go to the next video then, which is actually showing what happened back in the thirties.
Speaker 3:So in 1934, gold was revalued from about $20 an ounce to $35 an ounce. So that single move created massive liquidity, you know, for the governments. It devalued the dollar and helped stimulate economic recovery during the Great Depression. And then in the nineteen seventies, they did it again, twice. In 1972, the price of gold was raised from $35 an ounce to 38.
Speaker 3:And in 1973, it went up to $42.22 an ounce. So that is where the official price is today. So this idea of gold revaluation, it isn't new. So in '19
Speaker 1:Okay. So okay. So now getting on to the final one of, like, okay. What could this look like today?
Speaker 3:So gold is valued at approximately $3,000 an ounce right now. Right? So that would give the US government an extra $773,000,000,000. But what if gold went up to $5,000 an ounce? Or how about $10,000 an ounce or 20,000?
Speaker 3:What if the government manipulated or squeezed the price of gold much higher? You have to think about it. For every $4,000 an ounce that gold goes up, it gives the US governments an extra trillion dollars. So if gold goes to $72,000 an ounce, it would give the US government $18,000,000,000,000. So that's enough to wipe away half The US national debts.
Speaker 3:If gold goes up to $144,000 an ounce, then you just wiped away The entire US national debt. So would there be consequences if gold went to $144,000 an ounce? I mean, I'm sure there would be, but The US national debts would be wiped away to zero.
Speaker 1:So that's interesting. And so, obviously, gold's so if they're valuing gold at 44, it's currently over 3,000. It's obvious that there's no realistic tie between what they're valuing into what the market price is. So you could say it could potentially go the opposite way, and they could value like, what's gonna stop them from valuing their gold assets at $10,000 an ounce. So now it's right?
Speaker 1:So Yeah. Yes. What what do you think about this?
Speaker 2:Yeah. The precedent in 1933 to go from $20 to $34, there was no precedent for that either. Right? I mean, they they did just come up with the next price. There was no reason for it.
Speaker 2:It and and it's interesting. I I think that the I I think they'd have a hard time going to 14 or $15,000 an ounce because there is a global market for gold. So and maybe I'm more a realistic investor and and don't see how you can just make up things out of thin air. Even though, really, the whole premise behind this that we are able to turn a certificate and then send the money back into ourselves also is just an accounting like, it's just we're creating money from nowhere. Yeah.
Speaker 2:Right? Because, technically, we're not selling it. You know, in a normal world, you sell an asset and you have a profit. We're saying we're not even gonna sell it, and then we get that value again. We get, you know, $800,000,000,000.
Speaker 2:Without selling it, we could put $800,000,000,000 on our books. Hard to think how we wouldn't do this. It seems there's in what scenario does it does it not make sense for us to to add this value on our books? The only thing it does do is it does push the value of the dollar down, which it did in 1933. So the dollar would lose value.
Speaker 2:So it it would hurt individuals because the dollar would lose significant amount of value, but it would help the government. It would help the government. It would allow them to stimulate. It would give them more cash, more liquidity. So it does go along with president Trump and Scott Besson's strategy, which is to get more liquidity out there and to get more assets on our books.
Speaker 2:I mean, the whole everything with tariffs, everything is is like, bring everything home, get stronger, you know, use what we have in this in this beautiful country to grow and not be so dependent on the world. Right? That's I mean, it's I'm simplifying the strategy, but it it sort of is that. Right? So I I do think that there is a lot of emphasis going in this direction.
Speaker 2:I do think they're looking into it, and I think that if they are gonna do it even if they are gonna do it, gold's gonna go up. But if they are gonna do it and they set a floor at 3,000 or 4,000, they're setting a floor. The price has never gone below the floor that they've set. So I, as an investor like you, being at more of a conservative, less speculative, I love this idea as a gold bug because when when do you have an asset in your portfolio where there's a floor, where the government's setting a really strong floor? And the world, I think, would set a really strong floor.
Speaker 2:And I guarantee it. And if they set the floor at $3,000 an ounce for gold, gold goes to $56,000 because they're basically saying, like, don't worry about the downside. Like, just now you just gotta worry about the upside. And and, you know, they were at 44 from 1974 to today, never moved the price up. So maybe it sits at 3,000 floor for, you know, ten, fifteen years again.
Speaker 2:But they're really saying that this $3,000 price is is nothing. It it's gonna continue to go up. So And it's I think it's quite interesting for the gold and silver market, and I think it's interesting they put this article out. They are looking into it. They are looking and the other thing that makes it exciting for me is that I think they'd have to do the full audit of Fort Knox to be able to do this.
Speaker 2:Right? I don't I don't think the world would just accept it if they said, yeah. We have the ounces. Like, just trust us. I think they'd have to go and do the full audit, do the the video like, you know, let us see it the way that we've always wanted to see it.
Speaker 2:And so, you know, whether it was, you know, started as a conspiracy or just a thought and now it's coming to fruition, it doesn't really matter. But it doesn't seem like there's any scenario that they wouldn't do this because it it really does give us the liquidity we want. And we if we look at what we did in 1933, I mean, that we did a lot with the money in 1933. We really did a lot. It helped the government a lot.
Speaker 2:So it seems like a very likely scenario that they're gonna do it again.
Speaker 1:It also makes two sense from the perspective you you talk about setting a floor. Let's just say if everyone knew they could buy NVIDIA stock at $200 a share, and if you knew it would never go below that, because, say, the government officially backed it $200 a share. Right. And, you know, then it's like, it it's an easy investment. But there's a lot of things I stay out of because it's like, well, even Bitcoin is like, okay.
Speaker 1:Bitcoin's at a 100,000. Well, what if it goes to 30,000? Right? Which could happen. Right?
Speaker 1:It's happened before. It's, you know, it's been up and down. Yeah. But gold's never gone below $44 an ounce. I mean, actually, what you're seeing is that gold is really staying strong now above $3,000 an ounce.
Speaker 1:It also makes me wonder if you look at something I've been covering for quite some you know, I've talked a lot about is the fact that there's been, like, record buying from central banks and from private family offices. So you're having wealthy banking families. You're having central banks over the past couple of years. As this article states, record central bank buying central bank gold buying reshapes precious metals market. It's almost like if they they must see this coming.
Speaker 1:So why would all these central banks be moving all their asset not all, but a significant amount of their assets into gold? So now that gold is this the second largest reserve asset for central central banks past the euro, why would they be doing that if they if they thought that gold was gonna be going down or if they were if we're doing it knowing that gold would be going up because of revaluation happening in America, which would change the entire landscape? You you can see all the writing on the wall here.
Speaker 2:Yeah. And then you have the the FMOC meeting in September 17 that they're gonna, you know, talk about the rate cuts, and I think that will be even further evidence that they wanna simulate. They're gonna push the value of the dollar down, which helps us on trade, obviously. But, you know, we have that meeting coming up, and they're gonna talk about the the rate cut, which I they say is, like, 97% chance that they're gonna do a rate cut. So I I think we're in the in the midst of something.
Speaker 2:You know, this September meeting, and I think what's gonna happen over the next six months, resembles what happened in 2009. I think we're seeing a it just it's coming back again. Rates got too high in 2009. They needed more they needed more stimulation in the economy. They needed cheaper rates, cheaper money.
Speaker 2:They wanted more money, so they did quantitative easing. I believe we're gonna do quantitative easing again. They're gonna lower rates, and I think we're gonna go on a big, big run-in in metals. And if they if we have that rate cut and then you have this gold revaluation, who knows what could happen? I mean, it's gonna be quite exciting.
Speaker 1:It really is. So for people that are watching this that want to move some of their assets into gold or silver, especially people that maybe have an IRA or a four zero one k, and they're watching the stock market and saying it's kind of fishy. It's been at these all time highs. When's it gonna correct itself? What does that process look like?
Speaker 1:Because I know that that's really what you specialize in with your company. You know, obviously, people can come in. They can call and say, hey. Look. I wanna buy $30,000 in gold.
Speaker 1:Okay. Done. Here's a bank wire. Package shows up the neck you know, within reason next couple of days. There's that, which is really easy and seamless, but also the four zero one k IRA transfers and saving the fees and all that.
Speaker 1:You guys you guys know how to work those windows. How well, actually, I know we do have a website set up. So goldwithseth.com. So and I'll put the links in the description below. They can call you.
Speaker 1:They can fill out this form this form as well. Walk us through what that process looks like.
Speaker 2:Yeah. I mean, you know, it's interesting with IRAs. We have a full IRA team. And in the sixteen years I've been doing this, it it they have made it harder and harder to move IRAs, but that's why we have a whole team that helps you with the paperwork. The paperwork's easy.
Speaker 2:It's just a lot of times, it's just we have to wear down some of these custodians to get your money out of your money, which is funny because, like, in IRAs and in cash, a lot of times when people are sending us money, the bank or the institution will try to hold your money, which is obviously frustrating because there is this mindset with these institutions. They think that your money is their money. But we have a team that will walk you through the paperwork. The paperwork takes five minutes, and then it's just us, you know, how do we extract it out of there, get you set up. Whether we're shipping it to you, like you said, it's fast.
Speaker 2:If you wire us money, we can get you the metals as quickly as possible. If we're doing an IRA, our typical turnaround time is two to three weeks in terms of getting the funds over because we do have to set you up with a new custodian. And we've negotiated for the storage and the metals, everything's segregated storage. It's all flat fees. You can write off all the custodian fees off your taxes.
Speaker 2:So we've negotiated all that, and you get into physical metals. And the beauty of all this is that you're getting in the in the actual metal. You're not getting into a fund. You're not getting into a leverage account. You're actually buying the metals.
Speaker 2:And I'm actually just to this morning, booked my next trip. I go to the depository in Texas, and I do a blind audit. So I'll pull out a 100 accounts and, like, go through ounce by ounce. So I actually go there and verify that that client's metals are there, which is just you know, I do it a few times a year just to make sure to give people that comfort. But, you know, we do it in a very specific way.
Speaker 2:It's all segregated metals. It's all wrapped. You know, you have your number. And then when I go in is I pull a 100 accounts, and then I open it up and I count the ounces of gold and silver that the client has. And then I'll send you a message just saying that I did a, you know, audit of your account.
Speaker 2:There there's so few assets in the world that you can actually see the thing that you own, and it's it's it's an amazing thing. And we've we've been doing it that way for a long time. We also take a picture of the metals when they arrive. We do all these things to to let you know about the metals. But I would say overall, it's a pretty fast process to get set up, and you're gonna deal with real people.
Speaker 2:You're gonna call us. You're gonna get a representative. They're gonna walk you through it, and they're they're with you forever. So as long as you have medals with us, you can call us back, ask questions. You know, that's part of our our mandate at Noble Gold is that we're there for the whole life of your account.
Speaker 1:Perfect. So I'll make sure I put all the information in the the show description. I know you guys I I I hear from people that have have bought with you, and it's it's nothing but a streamlined, fast, easy process. There's no there's also there's no hard sales. It's like, okay.
Speaker 1:You you teach people and let them make the decision. Colin, thank you again for coming on, man. What an exciting topic to cover. I've I've been I've been waiting for this, you know, kind of topic to be able to break it down. And, you know, thank you for doing this.
Speaker 1:I I I appreciate doing these shows, and thank you for your time.
Speaker 2:Yeah. Thanks so much. Talk to you soon.
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