No, this is not a story about the gold that may, or may not, be at Fort Knox. It’s not even a story about the metal at all, despite its record-high prices. President Trump’s administration is selling gold cards to wealthy foreigners who want to invest in America.
Commerce Secretary Howard Lutnick joined the All In podcast and told the hosts that so far, the administration has sold 1,000 of the Gold Cards at $5 million a piece. He explained that around the world, there are 37 million people who could buy a card, and that the administration thinks they could sell one million, with proceeds going to pay down the debt.
NEW: Commerce Secretary Howard Lutnick says he sold 1000 immigration Gold Cards (priced at $5M each) in one day this week.
The development means $5 Billion was made to help pay off the national debt.
“There are 37,000,000 people in the world who are capable of buying the… pic.twitter.com/oQD6XgwWf7
— Collin Rugg (@CollinRugg) March 21, 2025
The program has already generated $5 billion in revenue for the United States, and could raise an estimated $5 trillion if a million cards are sold. That doesn’t include the benefits of all the investment those card holders will pour into the U.S.
America’s debt burden has grown to $36.2 trillion. Knocking $5 trillion off that total would be a major win for the administration and Americans.
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