Controversy
Donald Trump
Howard Lutnick
Grant Cardone
Felix Salmon
Doug Melville
Status:Open

Will Trump's $5M Gold Card Pay Off the US Debt?

UNLIKELYLIKELY

Claims

Felix Salmon
Felix Salmon"It's very unlikely that there would be more demand for the gold card than there is right now for the EB-5, to say nothing of enough for Trump's $50 trillion goal."Jun 05, 2025
Donald Trump
Donald Trump"If we sell 10 million, which is possible ... that's $50 trillion. That means our debt is totally paid off, and we have $15 trillion above that."Jun 05, 2025
Howard Lutnick
Howard Lutnick"200,000 of these gold, green cards is $1 trillion to pay down our debt and that's why the President is doing it."Feb 26, 2025
Donald Trump
Donald Trump"A million cards would be worth $5 trillion. And if you sell 10 million of the cards, that's a total of $50 trillion. We have $35 trillion in debt. That'd be nice."Jun 03, 2025
Donald Trump
Donald TrumpThe Gold Card is "going to pay down debt."Jun 05, 2025
Doug Melville
Doug Melville"The Gold Card initiative represents a bold and innovative approach to addressing the U.S. national debt."Mar 26, 2025
Grant Cardone
Grant Cardone"1 million passes would raise $5 trillion chipping away at our debt."May 29, 2025
Stephen Moore
Stephen Moore "We're really short on money right now in the U.S. Treasury and this would seem to be a better way to get money than to raise taxes on American citizens."Jun 03, 2025
Donald Trump
Donald Trump"We'll be able to sell maybe a million of these cards, maybe more than that. And if you add up the numbers, they're pretty good. As an example, a million cards would be worth US$5 trillion."Mar 05, 2025
Peter Schiff
Peter Schiff"If a US passport is really worth $5 million, Trump only needs to sell about 7 million of them to pay off the National Debt."Feb 26, 2025


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