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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. I'm your host, Seth Holehouse. I believe that we are potentially getting ready to witness the largest shift in the global financial system that we've ever experienced. Experienced. Not to mention, if you look at where the world economy is right now, the interconnectedness, the global banking systems, we've never had this large of a scale of a global financial system as we do right now.
Seth Holehouse:And that system that is currently comprised of fiat currencies and manipulation of currencies and the weaponization of currencies, that system, in my opinion, is on the verge of completely breaking and being replaced by something else. So I'll be walking you through some of the key indicators that make me believe this, and it leads me asking a lot of questions, and you'll probably be asking them as well. Before we jump into that into the show details, though, thank you for joining me today. It's great to have you here. If this is your first time seeing a channel, welcome to Man in America.
Seth Holehouse:I hope you enjoy the content. This is just a portion of what I cover. I you know, the biggest picture that I'm looking at is just the overall world and the changes that we're going through because I really believe that it's not just a financial system. We're going through a change of power structure, a change of world governments, a change of the people waking up. It's all happening right now.
Seth Holehouse:It's a very exciting time, to be alive. Alright. So diving into today's topic, though, I just wanna pull up a tweet that I I just put out actually. I wrote, is the world preparing to ditch the hyperinflated weaponized fiat US dollar for gold as the new global reserve? Why did the BIS reclassify gold as a tier one asset in 02/2019?
Seth Holehouse:Why have central banks been on a gold buying spree? Why are countries dumping US treasuries for gold? Why are thousands of tons of gold being repatriated to The United States? Why is a US President planning to audit Fort Knox for the first time since 1974? Why does Trump keep talking about a golden age?
Seth Holehouse:Are these just coincidences, or are we witnessing the greatest financial reset in history? Something big is getting ready to happen. I hope you are ready. So let's first look at what happened in 02/2019 because this is very important in understanding the overall picture. In 02/2019, the Bank of International Settlements, the BIS, which sets the rules for banks worldwide decided under Basel three, which is a set of banking regulations, to treat gold as a top tier, tier one asset.
Seth Holehouse:K? This is huge. So what this means is that gold in 02/2019 officially across the the gold banking sector, gold was now considered risk free, meaning that gold or banks can hold physical gold without needing extra money set aside for safety, just like cash or government bonds. So before gold was a tier one asset, if if a bank was holding gold to back up their own currency, they would still need other financial instruments like the US dollar, treasury bonds, etcetera, to support that gold and backing. So they didn't get the full value of their gold.
Seth Holehouse:But as a tier one asset, it is you they get full value for the actual physical gold. Okay? So what this means, banks might buy buy more gold. Since it's easier to hold gold now, banks may stock up on it to strengthen their reserves. Only physical gold counts.
Seth Holehouse:This applies to gold bars they actually own and store, not just promises of gold or what many people call paper gold. Gold looks more valuable. It shows that gold is trusted as a safe and stable asset like it was in the past. In short, gold got a big upgrade in the banking world, which could means more banks will want to own it, possibly pushing up its price or importance over time. Now keep in mind, that was in 2019.
Seth Holehouse:Since then, we've seen record buying sprees of central banks accumulating gold. I have a short video from Andy Shechman, a good friend of mine who understands these things very well, talking about what he's seeing, as it relates to tier Ed being a tier one asset. There's no default, no inflation, no counterparty risk, etcetera. So this is an interview he recently did with Mike Adams, the health ranger. It's a minute long.
Seth Holehouse:Listen to this.
Speaker 2:If done the right way, it could be a key part or a or a part of a bigger plan to stabilize the economy, move away from constant relying on debt to keep things running to incentivize demand for our treasury market, which has been, you know, as as we know, waning to say the least as much of the countries who have financed our debt have stopped doing so and instead are purchasing gold, which as we remember in 2019, the ruling by the Bank of International Settlements reclassified gold as the only other tier one reserve asset next to US treasuries. Many of these countries have chosen gold because it has doubled the performance of the ten year treasury for twenty five years, carries no inflation or default risk, and cannot be sanctioned.
Seth Holehouse:And so has no counterparty risk. I really wanna underscore that.
Speaker 2:Does not rely upon someone else to make good on on their obligations. No counterparty risk is a big deal.
Seth Holehouse:So he summed that up very well. But what this expands into is much larger than that. Because if you look at the US dollar, which since the Bretton Woods agreement has been a the global reserve currency, well, that was all well and fine until in '71, Nixon took the gold or took the dollar off the gold standard, which meant that now a dollar of gold was no longer exchangeable for a sorry, for a dollar sorry, US dollar was no longer exchangeable for a dollar of gold. Right? So being off the gold standard, that doesn't matter anymore, which means that they can print unlimited dollars.
Seth Holehouse:But the US dollar is the global reserve currency that through agreements like the petrodollar agreement, right, forcing countries to buy and sell oil in, the US dollar, What that did is it guaranteed a demand for the US dollar around the world. However, as these countries have witnessed the insane overprinting of the US dollar, I think we just hit, what, $36,500,000,000,000 in debt just in The US. So the amount of dollars being printed and into the money supply has been astronomical. So countries if if you're a country and you're holding these US treasury bonds to back your own currency because it's a global reserve currency, the US dollar, and you're witnessing this inflation of the dollar because of so much printing, you're gonna be thinking, maybe I don't wanna be holding this. It's kind of like a grenade.
Seth Holehouse:When's it gonna go off? In addition to that, when Putin invaded Ukraine, under Biden, we saw the weaponization of the dollar. So when Biden kicked Putin out of the SWIFT system, it was the whole world saw that The US was willing to use the US dollar, which was the global reserve currency as a weapon of war. And so they use that as a weapon of war against Russia. And so that was another thing that completely kicked off a lot of countries and central banks thinking to themselves, I don't really trust the US dollar anymore.
Seth Holehouse:And this is a big part behind the de dollarization campaign. And so if you look at that coupled with the fact that in 2019, the the gold became a tier one asset, which is hugely significant significant, meaning that banks or sovereign banks, they can be holding bullion instead of US treasury bonds to back up their currency, and it's equivalent. They're both tier one assets. That accelerated the dumping of the US treasury. Now I mentioned to you I'll pull up a little article here that central banks have been buying gold.
Seth Holehouse:They like, in massive, massive amounts. So the past three or four years, we've seen record amounts of gold being bought by central banks. So that alone shows you, if you look at the timeline, you have the the gold becoming a tier one asset. You have central banks buying gold hand over foot, stocking their reserves, dumping the treasuries. Okay?
Seth Holehouse:All indicators that something big is happening. It's not just the central banks. So here's a tweet from the Kobezi letter. It says, meanwhile, gold demand in Asia has never been stronger. China's gold reserves hit a record 73,500,000,000.0 last year.
Seth Holehouse:India's gold reserves reached 70,900,000,000.0, also an all time high. Meanwhile, global gold demand jumped 24% year over year in 2024 to a record 382,000,000,000. So if you look at this, this is the global demand for gold. This chart right here, this is just looking at India and China, Two of the very, very, very central companies countries to BRICS. From '99 to 02/2025, look at that massive increase there.
Seth Holehouse:Now as, the the tweet continues this thread, it's particularly interesting that China is selling US treasuries and buying golds buying gold due to interest rate instability, inflation, and a soaring $1,800,000,000,000 annual US deficit, gold is shining. We believe, they believe, gold has become the global safe haven asset. That's so important. They believe that gold has become the global safe haven asset. The US dollar as a global reserve currency used to be the global safe haven asset.
Seth Holehouse:It's being replaced by gold. So look at this chart right here. Look at the divergence. It says China's gold rush. What you see, the red line right there is China's holdings of US treasuries.
Seth Holehouse:Right? So that that the them holding our US treasury bonds are what back that that's what gives the dollar its strength, is these countries holding these treasury bonds. So as you can see, right, starting around 2018, actually, 2019 just so happens to be the exact same time the IMF or sorry, not the IMF, the BIS, the Bank of International Settlements, reclassified gold as a tier one asset. You see China start to dump the US treasuries simultaneously right around that time. You see them drastically increase the amount of gold holdings of their country, and this is only what's on paper.
Seth Holehouse:There's a lot of speculation that China has been buying far, far greater amounts of gold than what we know. Continuing furthermore, physical gold buying is skyrocketing. So this is what's interesting is that in the past couple of weeks, this has now become a very big story, and it started with the, London the Bank of England and people over trying to get their gold out of the Bank of England, which normally it was a two or three day wait, now becoming a four to eight week wait. And there's a lot of speculation that the Bank of England was running out of gold, or they see what's coming, and they're trying to hold their gold because they're trying to protect themselves as well. So this tweet you're here is showing us gold inventories in the three largest COMEX gold vaults.
Seth Holehouse:So COMEX commodities exchange just surged by 15,000,000 ounces in two months. K? That's a 15% increase putting physical gold holdings above twenty twenty pandemic levels. There's been a clear shift in sentiment. So, again, right here, this chart, we're looking at these three different colors of red, blue, and the yellowish color are showing the three largest COMEX vaults and the amount of physical gold that is moving into them.
Seth Holehouse:And so you can see that's only a thin line on the edge there, and we're seeing this is continuing up is that the gold is flowing back into The United States. And again, what do these people know? Now if some folks are saying, oh, well, it's because Trump is putting tariffs on their word that he's gonna put tariffs on precious metals coming in. This is much bigger than that. It is much, much bigger than that because this is a massive amount of gold being repatriated into United States.
Seth Holehouse:Again, if you wanna know what's happening in the world, follow the money. And the thing is is that gold is real money. Right? Silver, this whole 10 ounce bar, this is real money. Your dollar bill in your pocket, your hundred dollar bill, your hundred dollar in your bank account, that's fiat money.
Seth Holehouse:It's monopoly money. I'm sorry to put it that way, but why is it that a, you a hundred years ago, you could buy a new house for $7,000 or $5,000 and a new car for a thousand dollars. And now, you know, houses are $3.04, $500,000 because the the dollar has lost 99% of its value. It's monopoly money. Gold and silver are real money, and so you're seeing there is a massive shift here.
Seth Holehouse:Here's a an article. Philip Smith, group, group CEO of Stonex, discusses gold market and tariffs on Sky News Arabia. This just came out. Let's go on here what Smith said. Smith also noted a substantial increase in of physical gold moving into The United States in the past two months.
Seth Holehouse:He says, quote, what we've seen in the past seven or eight weeks in the market was probably one of the largest physical movements of gold from all over the world into The United States. We estimate over 2,000 tons. Okay. 2,000 tons of gold. Actually, I'm curious.
Seth Holehouse:Let me let me go ask Grock. Okay. Let's say, hey, Grock. How much is how much is 2,000 tons of gold worth? Right?
Seth Holehouse:How much how much gold has come into United States? Well, according to Grock, thank you, Elon for mister Grock. Kinda slow. So roughly, they're looking at final answer. So we're looking at about $189,000,000,000.
Seth Holehouse:That's at current current spot price. So almost $200,000,000,000, almost a quarter trillion dollars worth of gold has moved back into The United States just in the past seven or eight weeks. And this is this has been, you know, this is before Trump even got in. This was starting. Something significant is happening.
Seth Holehouse:Now there's a lot of speculation. Are they gonna revalue gold? Right now, gold right now is sitting on on the books on the, you know, the asset sheet, the US government at around $45 an ounce, which is ridiculous, whereas it should be even, you know, $43,000 an ounce. So there's a lot of speculation that they might revalue it at $19,000 an ounce. We don't know.
Seth Holehouse:If they revalue it at $4,000 an ounce, instantly that that balance sheet goes to about a trillion dollars. That would be huge. But that's just the beginning of it because it's not just about The United States. It's what you see is that the entire world is ditching the global reserve currency of the United States dollar. The dollar's dying.
Seth Holehouse:The dollar, it's a fiat currency. Fiat currencies have life cycles. The dollar is dying, and the entire world is shifting into gold. Now Fort Knox, there's been a lot of a lot of speculation. Is the gold still in Fort Knox?
Seth Holehouse:So the last time it was audited, I think, was 1974 was the last time it was actually audited, which does not make it weird. I mean, imagine, okay, we're a country, and, you know, we have this massive asset. So imagine that your household is a country, and you had this huge asset sitting in your basement in the corner tucked away in some shoe boxes. You've got a bunch of gold and silver in there. But imagine that you actually haven't checked if it was there for fifty years.
Seth Holehouse:It's just it's it's something really, really strange about that. But the fact here, it was, you know, first, the the discussion of auditing Fort Knox was just some Twitter back and forth between Elon Musk and a few other people. It was almost a joke. And Elon Musk is like, oh, wait. Right?
Seth Holehouse:They they must be looking at that once a year. Right? Of course, he's playing dumb. He knows exactly what's going on. Okay?
Seth Holehouse:And there's a speculation about it, but actually Trump just confirmed here in this video. Here's a thirty second video. Listen to Trump.
Speaker 3:We're gonna go into Fort Knox to make sure the gold is there.
Speaker 4:Are they gonna You know that.
Speaker 3:We're gonna go into Fort Knox. Do you know about that? Sir sir That was a bad bump. That was a
Mel K:Are they gonna eliminate more national security positions, civilians there?
Speaker 3:We'll see what happens. But one of the things we do wanna look I mean, we hope everything's fine with Fort Knox, but we're gonna go to Fort Knox, the fabled Fort Knox, make sure the gold is there.
Mel K:Would the president go? Brought up
Speaker 3:If the gold isn't there, we're gonna be very upset. We're gonna go into Fort Knox to make sure that
Seth Holehouse:So there you go. So even president Trump has now publicly stated that they're going to be auditing Fort Knox. Now there's a lot of information. I covered this in my show, you a couple nights ago that indicates it shows that it it appears that a lot of the gold out of Fort Knox was basically stolen, through the Rockefellers and through a bunch of shady bank deals and the European banking cabal that gold was taken out of Fort Knox and sent over to Europe. So is that why it's being repatriated?
Seth Holehouse:Are they refilling Fort Knox? Are they is Trump you know, Trump is always 10 steps ahead with negotiation and business. Maybe he's already filled Fort Knox. Maybe he filled Fort Knox back in his first term, and maybe what he's doing now is even stacking more on there. So maybe instead of, you know, having the equivalent of a trillion dollars worth of gold in Fort Knox, maybe he's got $4,000,000,000,000 worth of gold in Fort Knox.
Seth Holehouse:That'd be a lot of gold. Who knows? But if you look at all of these things together, you look at this the storyline that we're following back since twenty two thousand nineteen, something significant is getting ready to happen. There's no other way to make sense of this except for some sort of massive financial reset. Now a lot of people have been worried about this sort of reset forcing people into a central bank digital currency.
Seth Holehouse:I don't think that's on the table, and there's a of reasons why I don't believe that. But countries around the world going back to a gold standard, and wouldn't that be the best? Wouldn't that be the best if every currency around the world was actually as pegged to gold? It would equalize everything that's been unfair. Now it shows a lot of ramifications about this that I don't understand.
Seth Holehouse:I'm not a financial guru. Okay? I'm just doing my research and showing you my research. But if you look even again, look at what's happened between The US and China. Why is it that China has been able to steal all of our manufacturing?
Seth Holehouse:Because China has manipulated their own currency. They've manipulated their currency to make their currency so artificially cheap that they can produce a product in China that you can buy for $1, 1 US dollar, that would take someone here $10 to produce. So it's created an insanely unfair advantage for these countries that are willing to manipulate their currencies. Now because The United States has been the global reserve currency, they've had to keep the dollar strong. This is the Triffin dilemma, is that the nation that is a a has a global reserve currency, they need to keep their currency strong.
Seth Holehouse:They need to keep exporting their currency. But to do that, though, they lose their competitiveness as an export nation. Meaning, The US you know, The United States has sucked as a manufacturing nation for for decades now because of even just not not to mention the the gutting of our factories and all this kind of stuff, but just looking at the the currency wars and by because the currency was so overvalued compared to other currencies. So if I was Trump, and Trump has talked a lot about bringing the golden age back to America. Well, to do that, he has to he has to devalue our currency.
Seth Holehouse:He has to make the currency more competitive. And in my opinion, going back, not certain exact, say, gold standard, one to one gold standard, but bringing gold back into the equation allows him to get ahead of that. And if he's also if he's fighting a financial war against the BRICS nations who have been actively working to de dollarize the world, wouldn't the best strategic move Trump could do is to beat them to it? If they're trying to weaken the US dollar and and bring everyone back to a gold standard so The United States gets caught kind of with their pants down, wouldn't the best thing Trump could do to be ahead of them and to say, look. I wanna bring all the gold back to United States, then we'll go back to that gold standard, we'll see where we all how we all fare.
Seth Holehouse:There's a lot of questions I have. I don't know exactly what's going on, but all I know is that my research that I've done is showing that there is a distinctive pattern that we are seeing. And what I'm seeing is that there's a massive global shift that is getting ready to happen that I believe will be the greatest financial reset this world has ever seen. Now joining me on the show is gonna be Colin Plume, my my very good friend, CEO of Noble Gold, who understands the gold market. He's been buying and selling, you know, billions and billions of dollars worth of precious metals.
Seth Holehouse:And so he's gonna help us understand from his perspective what he's seeing because he has a whole different lived experience than someone like me. He's been doing this. He knows what it was like back in 02/2008, what happened to the gold market, and what happened, etcetera. So I've got an interview with him, maybe about fifteen, twenty minutes or so, and it'll really help to round out this overall discussion. But fundamentally, folks, we are getting ready to enter onto a wild ride, so buckle up.
Seth Holehouse:Mister Colin Plume, it's great to have you back on the show. Thank you very much for being here with us today.
Speaker 4:Yeah. Exciting. Thanks for having me on. A lot lots happening, so I'm glad to be here.
Seth Holehouse:Yeah. It's wild. I mean, the since Trump got in, it's been a very wild ride with USAID, all these executives orders. I I never had auditing Fort Knox on my bingo card for, you know, the first month and a half of Trump being in office, but now the discussion of auditing Fort Knox, the discussion of reevaluating gold, the, you know, continued I saw, you know, clip with Howard Lutnick just talking about Trump's goal to end the IRS. I mean, these are major changes, and not just changes to America, but these are changes that affect the entire global financial system.
Seth Holehouse:So I what do you make of all this?
Speaker 4:Well, it's been on my Bingo card since I've been in the business for sixteen years. So I I I will say not that I thought it was gonna happen now, but I I'm I'm excited to to, you know, see this level of excitement and this renewed interest. And I you know, I was talking to I was talking actually to a a person that's sort of connected to to the administration. And he was saying that, like, the thing about the president is that he he doesn't wanna tip his hat too early on anything. So he did at the inauguration in a lot of the the parties that weren't the main ones.
Speaker 4:He did talk a lot about gold. It was not only the golden age, but he did talk a lot of it. It wasn't in the meetings or it wasn't on the news as much. And I think a big part of it is if he tips his hat too early that we're gonna do this audit or that we're gonna potentially have gold bonds or go we're gonna monetize gold, it would just shoot as soon as he says something, would just shoot the price up too much. And if the US government wants to buy more gold or add more to their holdings to strengthen themselves, and I think it would be a very strong move for them to do that, then then I think he's gonna wait until he's ready to make that announcement because I think everybody knows if if they say we're gonna do a gold bond or we're gonna try to get back to some kind of, you know, partial gold standard so that we can't just print money the way that we we have been.
Speaker 4:I I think you don't wanna do that too early. Similar to what China had did tried to do last year where they came out in March and said that we we're gonna stop buying gold. They're like, we're we're not gonna buy gold. And and and only because they knew the price was gonna continue to go up. They don't wanna send a message to the market that the price is gonna go up.
Speaker 4:So I think president Trump is is is doing something similar. There's there's so many different ways to look at this audit. The one thing that I would like to point out is that from the actual metal that's there, it's not gonna be that purity of gold will not be approved to go on any exchange. A lot of people think gold is gold is gold. It it it is.
Speaker 4:There's gold content if hopefully there or not. I don't I guess we'll find out. But it's the when they took back gold in 1933 and they melted down the gold coins, those coins that were in circulation were around 90% gold. Because you you didn't wanna have you wouldn't have a 24 carat gold coin in circulation because it's too soft. So all the coins that we used to have in circulation were 22 carat and less.
Speaker 4:So what we have if we have gold at Fort Knox, the gold there is about 90% gold,
Seth Holehouse:give
Speaker 4:or take, maybe a little bit less, and they call them coin bars. So a lot of the numbers about how much we have are inflated because they're they're they're calculating the math wrong. Also, if we were gonna make it a proper exchange, they'd have to actually combine bars to get to the purity that is is accepted today. Because the purity of the like this bar is 24 carat. It's point nine nine nine.
Speaker 4:So I I think what we're was so it's 10% more. Basically, what I'm saying is that there there there has to be a shift no matter what. Number two, obviously, they when they last time they calculated the math on the gold in 1974, it was at $42.22. What number are they are they gonna recalibrate or revalue the gold at today? One of our analysts at Noble Gold was he was saying that it would make sense for them to do it at $4,000 an ounce for the reasoning that at $4,000 an ounce based on the amount of tonnage we have, that would be about a trillion dollars.
Speaker 4:And so it I think it would be an easy way to to have math. And I I don't know if they're gonna wanna do an audit every year either, and so maybe they just give us a higher valuation number, which is basically what they did in 1933 too. They came to a higher valuation. So they may go to 4,000. So we have a trillion in gold, and that's a trillion on the books that we never really had because they never valued it.
Speaker 4:So from where it is today, let's say they use that 4,000. This is just theory, you know, of of ideas that that we're coming to. And then there's talk about them doing gold bonds based on the gold that we have, which would be fantastic if we did that because we could offer a a return that is higher than, let's say, the ten year treasury. Maybe maybe we can sell more of these bonds, sell less of these ten year treasury bonds. The ten year treasury drops, and then you know what happens when the ten year treasury drops.
Speaker 4:Then mortgage rates drop finally, and then we can start moving some real estate. So there's some interesting ideas that can happen with this audit. And then I guess the one thing is I would say is if they don't do the audit, I would say that that's basically a sign that we don't have enough gold. Right? I mean, that would that would be a leading indicator because they're I mean, they're opening up the books on everything.
Speaker 4:Why like, why wouldn't you open up the books on the big one of the biggest assets that you own as a country. Right? So
Seth Holehouse:Exactly. Well, what's also interesting with this whole thing is that if you look at the the BRICS dedollarization campaign, which they they've been really stomping on the gas with of eliminating the petrodollar status. Really, we're seeing even a continued I mean, since I was looking through the news headlines this morning that more countries are now dumping US treasury bonds and moving towards gold. So it it looks like from what I'm seeing that instead of a, say, a reserve currency, it seems like that the whole world is looking to go back more towards a a gold reserve as, like, a as a basis. Right?
Seth Holehouse:Because now I know there's speculation of potential some sort of Bitcoin or digital currency, but to me, it's too volatile. If I was a you know, say I was the king of, you know, Malaysia or something, like, I I wouldn't wanna be backing up my current my reserves against or back up my own currency against a digital currency. You know, what if there's a power outage? You know, what if there's a grid down event, right, where no one has access to that? That that's you know, gold has been what it is for thousands and thousands of years in society for a reason.
Seth Holehouse:But if you're looking at these these the campaign of the dedollarization, what it seems like that what's happening is that Trump, with the tariffs, with the whole idea of bringing manufacturing back, it's almost like what he's trying to do is to accelerate the dedollarization, which then makes the dollar more competitive our our exports more competitive because our dollar is not overvalued. But that then seems to be part of a bigger picture of the fact that why why is The United States in this situation? It's because while the dollar was artificially high, you know, countries like China had their currencies artificially low, and it created these massive trade imbalances, which really screwed America. And we we exported all of our manufacturing and everything. And so it seems like the whole world going back to something that is more rooted in, say, gold to back their currencies instead of a fiat currency like the US dollar.
Seth Holehouse:It it to me, it just a lot of signs are pointing towards something like that. And the fact that we've had like, I think there's an article I was looking at. There there's a guy, a CEO saying that there's been 2,000 metric tons of gold repatriated in the past, like, thirty or forty days or so. So the amount of gold coming back into America, like, there's something going on here.
Speaker 4:Yeah. Yeah. Yeah. And and I think also it it sort of opened up the discussion about, you know, having gold, you know, a contract of gold and how safe that is. Because now we realize that the London exchange, they didn't have ounce for ounce.
Speaker 4:Right? I mean, because people were calling in their contracts and going, okay. Yeah. I understand. A lot of people want their gold back in The US, but it doesn't matter.
Speaker 4:I I I have a contract that's supposed to be there. Where's the gold? And they didn't have enough gold to to fulfill the orders, which means they were running like a fractional storage, which investors did not think that they had. Now this has been speculation for years that ETFs and, you know, these contracts are really not backed. And I've even, you know, hundred to one or 200 to one.
Speaker 4:You know? So if we start to see more of this push, if more countries are starting to buy more gold and and by the way, it's not that they're they haven't been. The the the central banks of the world have bought over 1,000 tons every year for the past four years. I mean, that's a significant increase. To get you an idea, I mean, The US supposedly has 8,400 tons.
Speaker 4:We're in the lead. The world is trying to catch up. The world is absolutely Russia and China, and Poland did a massive buy in November. So all of these countries that are kinda seeing the way things are going and a lot of countries that don't have essential, you know, minerals or assets, they they've decided, hey. I got we gotta have some gold in our holdings.
Speaker 4:So I I think we're it's it's strange because, like, I'm as I'm having conversations with people, people are like, oh, the price. You know, I can't believe the price. But and this is by the way, so this has happened since I've started in this business. There's never been a time where people didn't say that gold was too expensive to me. This is what they've always said.
Speaker 4:You know? Even when gold was at 700, they've always said that yet when they go to the grocery store and they're they're the meat has gone up 10 or 12% or the eggs have gone up 60 or 70%, that they understand, but they still don't understand why gold has the potential to continue to go up. And it's all the same. It's it it has to do with demand. It has to do with inflation is still at 3%.
Speaker 4:It's not going anywhere. There's no indication that that inflation's gonna get better this year. I know that Elon Musk and they have this bold plan to try to shrink inflations significantly, but I don't think anything's gonna happen. Unfortunately, I don't think that's anything's gonna happen this year. So if you have 3% inflation, the Fed is their hands are tied.
Speaker 4:Their hands are tied on what they can do. They wanna do stuff. They wanna lower interest rates. They wanna do all these things they can't. So I I think that, you know, these are the things people are really talking about.
Speaker 4:And then the thing that no one's talking about is silver. Silver just every day. I mean, I look at it every, you know, multiple times a day. Silver's at, you know, 33 today. No one's talking about silver, and it's gonna break 40.
Speaker 4:I I it's gonna maybe in the second quarter, I think everything's gonna move much faster than you know, in my book, you know, I anticipate $60 silver in two years, which I still think is a realistic number. But I I I didn't expect, you know, it to break 40 this year, but I was kinda thinking the $37.38 dollar range. But with the demand that we're seeing and the fact that really no one's really talking about silver, everyone's really just talking about gold, I think there is an incredible opportunity in silver right now. And then on top of that, the the the silver coins and bars that we're selling, our cost is the lowest it's ever been. Like, that we we're getting it at the best possible prices because the mints have slowed down minting.
Speaker 4:They're not able to get it. So we just have this inventory. So people are getting products at prices that we've never seen in silver. So, and we're doing we're seeing a lot of people that are selling their gold and going into silver, and that might make sense for you. I'm not recommending that.
Speaker 4:Some people believe that, you know, that's the way they wanna go. They think in the short term, the silver is gonna do better. But it's there's some things unprecedented things that I'm seeing in the physical market, in the real coins and bars that I've never seen in the sixteen years that I've been doing. I just the the opportunity, the the how how much silver you can get for the dollar right now is, it's an unprecedented, savings from what I've seen in the past.
Seth Holehouse:No. It it really is, especially when looking at the ratio. Because what you know, silver is hovering what around, you know, one to 90 ratio against gold, which is isn't the historical average closer to 15 to 20, in terms of ratio?
Speaker 4:20. I think the hundred year average is, like, 50, forty five, fifty. So, yeah, I mean, I think any way you look at it, you know, silver is just an amazing and I think, you know, with gold rising, silver is gonna continue to move up too. So you're gonna see that continue to grow. Obviously, the $3,000 gold is like this that's like a tipping point number.
Speaker 4:Right? All these 2,000 was and 3,000. So I, you know, I wouldn't be shocked if gold goes to 3,200, pulls back to $3.20. You know, it's gonna I think there's gonna be, you know, a 10 to 12% range, you know, on on gold over this year. But, also, it it could it could move much faster because if this audit comes out in a bad way or if we decide to do something really strong with gold, we we are sending The US would be sending we we basically have never there's never been a president that talked about gold or going back in the gold standard since since Ronald Reagan in 1984.
Speaker 4:That was the last time any president even talked about gold. They don't even mention it. So the fact that president Trump's talking about it, that we're looking at all of our assets as a country, and he's going, hey. We got, you know, 809 hundred billion dollars here that we've never really tapped into. And and so I think that and then, you know, I will say that the devil's advocate side of, like, some people will say, like, well, maybe maybe we should sell the gold.
Speaker 4:Right? And I will say in in the last twenty five years, there's been two countries that have sold their gold. There was Great Britain. In 1999, they sold 50% of their gold holdings, and they sold gold at $270 an ounce, give or take. So it was one of the worst sales by a central bank ever.
Speaker 4:And then Canada in 2,012 or 02/2016, I can't recall, sold all of their gold at about $1,200 an ounce. And so they're sitting with nothing in their coffers and also regarded as one of the worst mistakes. So I I don't think this administration's gonna wanna fall suit and sell an asset that is so in high demand right now. So I I I sort of I I I wanna dispel that myth. I think it would be it wouldn't be logical for this administration to make that move, in this environment.
Seth Holehouse:I I agree. And so considering how hot of a topic is right now, and I'm seeing, you know, post every hour. There's a screenshot going up on Twitter. A new exchange is now marking sold out. There'll be a screenshot of a Japanese exchange or a, you know, a Korean exchange or a Swiss exchange.
Seth Holehouse:It'll say, you know, 10 gram bars, hundred, you know, hundred gram barbs sold out sold out sold out. And silver as well. So not just gold, but you're seeing a huge run on silver and gold, which if it then breaks the paper market, I mean, that alone could send it, you know, to the moon. But for people that are watching this and are interested in getting gold or silver, what are some pitfalls? Like, what should they look out for?
Seth Holehouse:Because I I used to work in the jewelry and precious metals industry, and I saw a lot of, like, really, really unsavory behavior, to put it kindly. And it's it's it's it's treacherous because it's a lot of money. You know, tungsten weighs the same as gold, basically. So you might be, you know, think you're buying a one kilo tungsten or gold bar that's got a tungsten core. Right?
Seth Holehouse:So what are some things that people should just just be watching out for in terms of make sure that they're protecting themselves?
Speaker 4:Yeah. I mean, I think the first thing and is reviews. You should check the reviews. Check it on Noble Gold. Check it on the company you're talking to because they're they're really the devil's in the details and that, you know, sometimes you see a price that seems great, and then you go to that company and the reviews are absolutely terrible, that the the quality of the product is not what they want or maybe their package didn't get there the way that it was.
Speaker 4:I mean, there there are a lot of these things happening. I know people believe in today's day and age, you know, there's protections. But to be honest, you send money to a company and you don't look at what what they've done in the past, you could be in a in a bad position. The other thing that that happens is this free gold and silver scam, and we call it the war on semi numismatic gold. So, basically, companies will buy a a polar bear coin from a mint, and they'll buy all of them.
Speaker 4:And then they'll tell the buyer that this coin has a rarity there that that only they're gonna get. And they're also on top of that, they're gonna get this rare coin, but also they're gonna get free gold and silver. And, obviously, people think, oh, this is great. I'm getting free gold and silver. What they don't realize is they're marking up those rare coins.
Speaker 4:I've seen up to 70% markups. And so I I read a review recently of one of our competitors where the person wrote that they bought gold at around $1,900 an ounce. And even today at $2,900 an ounce, they were not in profit. And that's because the markup was so high. So they thought they got free gold and silver, but actually, they paid a 50% markup.
Speaker 4:And then the free gold and silver had a 50% markup too or 60%. So you just gotta be careful. Check there are these reviews out there. So if you just spend some time, you go to the BBB or you go to different places, you can you can spend time. So you want you know, what we sell is bullion coins and bars, and you want a dealer that buys and sells, and you want a dealer that buys and sells, not a huge inventory of items.
Speaker 4:Because if you buy from a dealer that sells 5,000 products, they're gonna have even a markup or a or a commission, a heavy one on the way out. Because if they have all these products, they don't know what's gonna sell. We basically sell 12 product twelve, thirteen products between gold, silver, platinum, and palladium. So we're always churning products. So we don't need to make money on the back end.
Speaker 4:We just get it and sell it to the next person because we've limited the items that the buyer gets. So we had a client who did the actually, who sold his gold and went into silver last year and had almost a million dollars in profit, and they bought from us in 02/2021. They sold back to us last year, and now they decided to move into silver at their that this is what they believe it was gonna happen. That being said, it didn't matter to me. The fact that I saw that a client had almost a million dollars in profit in something that I sell sold to them was amazing.
Speaker 4:And so I I think people don't realize that these potential is there in in our business that that you could do these kind of things. On top of that, they saved so much money because they had physical delivery of the metal. So they didn't pay they didn't have any storage fees. They didn't have any annual fees. They just bought it and held it.
Speaker 4:And if you compare, you know, a hundred thousand dollars in your in storing it at your home and you compare that to a hundred thousand dollars in a mutual fund or a hundred thousand dollars in other investments, they all charge one to 3% fees. So over that time period, just buying it from us, holding it, and then selling it back, he saved money on holding costs, everything there. He also had possession of the product, so he never had to worry about any counterparty risk. So I think there's underlying elements to what we do comfort level that what we do with a physical item that you can't replace with a stock market product. So there's there's other things too.
Speaker 4:So and these are the things that when people call us, we can go over in in sort of detail. And these are sort of the hidden secrets of our our business is that there's not just the idea that you're in control, but also the idea that there is some substantial savings in the idea that you can just control the asset yourself. Even in the IRA, our fees are all flat, and so that's also a benefit too. Because even if you store it in a segregated IRA with us, the flat fee of $2.75 per year, it doesn't go up. So if your 50,000 goes to $2,000,000, we still charge you $2.75.
Speaker 4:In a mutual fund or any other account, as your account grows, your fees grow. And, you know, there's a lot of calculators out there where people calculate how much money they've lost. One to 3% over the life of an IRA or retirement account could be hundreds of thousands, if not millions of dollars that you're losing in compound growth. So the idea that we've negotiated this flat rate for an IRA is also a benefit to our clients. And that includes full coverage Lloyd's of London insurance on their metals.
Speaker 4:So if anything happens, they're insured, they're segregated. So they're not getting discounted service. They're just getting it because we've done so much volume. They get this this incredible storage rate. So these are sort of the inside things that I think people don't realize when they're comparing investments and different things out there.
Speaker 4:So we can go into detail when, you know, when people call us. And but I I I just think it's it's just a it's just an absolutely incredible, exciting opportunity right now, and and I I've just I've never seen anything like it in the precious metals market.
Seth Holehouse:I'll pull up one tweet as you're talking about central banks buying up all this money. Oh, the gold. This is a tweet from, Mike Adams, Health Ranger. He says, gold just hit another all time high around $29.50. I'm convinced that given what's about to happen with debt and currency resets, those who hold gold will be the new wealthy, and those who hold dollars will be the impoverished.
Seth Holehouse:And I have to I have to say, I I tend to agree. One thing I'll just share with you as we're closing up in terms of know, a lot of my friends and family come to me for advice on precious metals because I knew you know, I understand the industry, and I always say, really two things. One, maximize your weight. Like, you're buying, don't buy fancy, you know, like in a scenario Correct. Don't pay a $20 premium for a silver eagle if you can get a buffalo for a $5 premium.
Seth Holehouse:Maximize your maximize ounces. And the other thing is that I look at it, it's like, don't look at it as you're spending a hundred thousand dollars on gold. All you're doing is you're reallocating your asset because that hundred thousand dollars in gold, if you buy it right, in a year from now, it's so easy to convert that back into liquid cash if you need to. Absolutely. That's that's how
Mel K:you look
Seth Holehouse:at it. It's not blowing money. It's actually to me, it's it's the best way to save money. Because if I've got, you know, $350 into a 10 ounce bar like this, I'm not gonna go waste it on something. Keeps my hands off of it.
Seth Holehouse:So it's like the best savings account ever. So
Speaker 4:Yeah. Yeah. Set it and forget it. Right? So, yeah, so Seth yeah.
Speaker 4:No. Absolutely. Amazing. Obviously, we have a lot of promotions. Anyone seeing this call in, you know, we've been partners with Seth for a long time, but we have a lot of great promotions going on right now.
Speaker 4:It's also coming into tax season. So if you're thinking about doing something with your IRA or you saw your four zero one k statement and you're thinking about making a move, it's a great time. You can also add money to your IRA, which is things we can go over. So happy to help. You know, fill out the form or call, and just make sure you mentioned that you heard us on on the man in America.
Seth Holehouse:Absolutely. So the website is just goldwithSeth.com. Make it real easy there. GoldwithSeth.com. There's a form, as Colin mentioned, or the phone number, (626) 654-1906.
Seth Holehouse:Again, goldwithseth.com. And so that information will be in the description for the, the show. Colin, thank you again for coming on. It's these are exciting times. Like, the the idea of the IRS getting shut down, and I'm just like I I feel like a kid on Christmas.
Speaker 4:It's unbelievable. Yeah. And I will say, like, I know they're talking about giving everybody $5,000 in money back because of of these audits, but I I I would say give them 5,000 in silver. Yeah. That would that would go 5,000 in cash, you know, it could it's okay, but 5,000 in silver would go a long way for a lot of people.
Speaker 4:Because I I would say in a few years, that 5,000 in silver is worth 10,000, and that $5,000 in cash is gonna be worth, you know, 4,000 or 3,500.
Seth Holehouse:So If you're lucky.
Speaker 4:If you're lucky. Yeah. So Well, Colin, thanks again, man.
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