- February 25, 2025
- Category: Government
Donald Trump announced a new $5 million dollar Trump Gold Card that will be rolled out over the next two weeks and provide an expedited road to US citizenship for the wealthy.
What is the Trump Gold Card?
In comparison to the immigration Green Card, the Trump Gold Card gives you Green Card privileges plus a route to citizenship. Trump claims this program was designed to lure successful and wealthy people into the United States, to build businesses, employ citizens, spend money and pay taxes. All Trump Gold Card applicants will be fully vetted.
Trump Gold Card vs EB5 Program
The Gold Card comes as an improvement to the outdated EB5 program, which was designed to bring investors into America, but was flawed and often described as a way to get a green card at a low price. Opposition to the EB5 program has stated this program is basically giving away green cards. The EB5 program will is expected to be removed when the Trump Gold Card program launches.
Who will buy the Trump Gold Card?
Trump expects a large amount of corporations like Apple and Google to easily pay this fee to bring top talent and executives to their companies. Trump stated the program is legal and has been worked out from all legal standards. Congress is not needed because it’s a path to citizenship, not actual citizenship.
How much money will the Trump Gold Card Generate?
With over 36 million millionaires living outside of the US, there is a big upside with this program. Trump stated that if one million of these Gold Cards are sold, it would bring in $5 Trillion dollars to the US economy, roughly eliminating 14% of the $36 Trillion national debt. Trump has stated that the money from the Trump Gold Card will be used to reduce the US deficit.
Will the Trump Gold Card impact Gold Prices?
The projected outcome of the Trump Gold Card program is a surge in wealthy investors who can now add gold and silver to their individual retirement accounts. A process that is only allowed for US citizens. Trump Gold Card owners would now be able to purchase gold and silver and easily add it to their retirement account, thus increasing demand and driving the price of gold higher. If you’d like to know more about the options for owning gold inside your retirement account, contact American Bullion at 800-955-7788 to speak to a gold ira specialist.
