Collin Plume | Source | President & President at My Digital Money
Collin Plume
Collin Plume is the Founder and CEO of Noble Gold Investments, a precious metals IRA broker he founded in 2016, and My Digital Money, a crypto trading platform founded in 2021. He is also the co-owner and CEO of Guardian-HR, a human resources and employment law support service for US companies nationwide since 2004. He also owns several real estate properties. He has over seventeen years of experience building and managing the wealth of his clients, drawing upon decades of expertise in property insurance, commercial real estate, cryptocurrency investment, and entrepreneurship. Mr. Plume is passionate about speaking and educating the public on investing wisely, and he sets the example for businesses adapting to post-pandemic restructuring and DEI standards. Collin is regularly quoted in top-tier publications such as Forbes, FX Street, and NPR's Marketplace podcast.
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Noble Gold Investments (http://www.noblegoldinvestments.com)
CEO & Founder -
Guardian HR (https://guardian-hr.com/)
Owner -
My Digital Money
President & President
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Robert Kiyosaki: Here’s Why Saving Money Actually Makes You Poorer
Personal finance expert and "Rich Dad, Poor Dad" author Robert Kiyosaki recently shared on X, formerly Twitter, that "fake" money (that is, fiat money, which is not backed by gold) "makes the rich richer ... and the poor and middle class poorer." Read More: 5 Frugal Habits Suze Orman Still Follows Even Though She Can Afford Almost Anything Find Out: 5 Things You Must Do When Your Savings Reach $50,000 Kiyosaki went so far as to tweet, "The Rich do not work for money and Savers (of fake$) are losers."Before you go ahead and wipe out your emergency savings account on a dream vacation or a collection of Louis Vuitton bags, it's important to understand the context behind how your money loses value in a traditional savings account and what Kiyosaki actually meant. How Cash Loses Value The U.S. dollar is no longer backed by gold or other commodities. The...
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Buffett: US Needs a 'Minimum Income'
It's possible, not practical and is flawed reasoning, says one expert
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What is a silver IRA?
With interest in precious metal investments growing it helps to understand how a silver IRA can help you.
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Recession Preparedness: Insights from My Digital Money's Collin Plume
Collin advises building an 18-month emergency fund and investing in hedges like gold, which "outpaces inflation and remains liquid." He highlights the impact of recessions on stock investments, noting a $2 trillion loss during the 2007-2008 crash. Preparing for economic downturns is crucial to safeguard retirement and career goals. -
Cash Savings: A Diminishing Asset, Says Finance Expert
Collin argues that cash loses value over time, diminishing purchasing power. He advises saving only for emergencies, suggesting a gradual increase in savings. Collin recommends investing in gold and silver for stability and Bitcoin for high-risk, high-reward potential. His strategy involves balancing investments with a 1:1 ratio in precious metals to other ventures. -
Collin Plume: Elevate Dollar Value, Not Just Income
Collin suggests focusing on the dollar's value over minimum income. He believes in "bringing manufacturing back home" and investing in technology to boost economic stability. By enhancing the dollar's worth, he argues, "anyone working 40 hours will be able to afford a decent life," rather than just increasing income figures.
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"I like the idea that we can educate people, which we've been doing at Noble Gold. That's been our number one focus, educating them on the different metals, how to buy it, how to store it, whether to do it in an IRA or not in an IRA. There's a void in the education space with precious metals. So we've been providing that, and I think it's been helpful....I think anyone can invest into it and feel confident, especially right now with inflation. I think gold and silver are gonna do really well with inflation over 7%, they projected last month. Crypto is a little different because it's still new. It's very volatile. So I do think you need to have a certain type of investor that has that risk appetite where they can feel comfortable with volatility. But I think that if you're a younger person and you're looking at spreading some money out in different investments, I don't think buying some of the cryptos out there is that different than buying an IPO. I think that some of the cryptos out there have the potential to outperform a lot of the IPOs that are out there."
