(DCNF)—Republican Florida Rep. Byron Donalds called out CNN Thursday for its double standard in its coverage of high prices during the Biden-era versus President Donald Trump’s administration.
Following the postponement of tariffs on Mexico, CNN host Pamela Brown asked the congressman about the negative impacts that Trump’s tariffs are having on the markets and U.S. businesses. In response, Donalds accused CNN of allowing the former President Joe Biden administration “to get away with” inflation and high prices throughout his presidency, but is now heavily focusing on the possible economic impacts of Trump’s tariffs on Canada and China.
“Well look, I’m gonna repeat myself a little bit here. It is important that we stabilize not just our economic relationships around the globe, but also the fact that we gotta secure our border and stop the flow of fentanyl,” Donalds said. “Give Donald Trump the opportunity to actually negotiate with the Mexican president and with Canada and with China, you ought to give them that opportunity. Because when prices were rising in the United States, I didn’t hear CNN talking about that much, in fact, you ignored most of it while it was hurting the American people. So let the president negotiate on tariff policy and it’s going to work out.”
Brown pushed back, saying that CNN did in fact cover inflation under the Biden administration.
“You didn’t cover it the way it needed to be covered, let’s just be perfectly honest,” Donalds said. “You let the last administration get away with it and the American people suffered as a result.”
“That is your opinion, but we did,” Brown said.
“Oh no, it’s not my opinion. That’s a fact,” Donalds said.
Trump implemented 25% tariffs on Mexico and Canada and a 20% tariff on China on Tuesday over the nations’ involvement in allowing illegal immigrants and fentanyl to pour into the U.S. The president announced Thursday that he postponed the tariffs on Mexican imports covered by the existing U.S.-Mexico-Canada Agreement (USMCA), a trade deal between the North American states, until April 2 as an “accommodation” for Mexican President Claudia Sheinbaum.
When Trump initially announced the tariffs in February, Sheinbaum and Canadian Prime Minister Justin Trudeau caved to the president’s requests by strengthening their efforts to combat illegal immigration and the fentanyl epidemic. Mexico deployed 10,000 National Guard troops to the U.S.-Mexico border, while Trudeau promised to invest $1.3 billion in shoring up Canada’s border and appoint a “Fentanyl Czar” to help stop the flow of the drug from entering the U.S.
During the Biden administration, inflation soared from 1.4% when he first entered office to its peak of 9% in 2022. Democrats and corporate media outlets who attempted to defend Biden as inflation soared to record highs have now become increasingly critical of Trump over high costs of goods.
CNN published an article in Aug. 2021 attempting to “fact-check” Republicans who blamed Biden for rising costs, while ABC News called the blame on Biden for inflation “misleading” in June 2024. In May 2024, CNN’s Erin Burnett did not push back against Biden when he falsely stated that inflation was already at 9% when he entered office, suggesting that inflation was at record-highs during Trump’s first term.
In June 2022, “The View” co-host Whoopi Goldberg claimed Biden was doing all he could to lower prices, while co-host Sunny Hostin claimed that the president had little control over the matter since inflation was a global issue.
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Why Bullion Beats Numismatics and Collectible for Your Safe or IRA
Precious metals continue to attract Americans seeking reliable ways to protect their wealth amid inflation, geopolitical risks, and stock market swings. Whether stored in a home safe or held inside a self-directed IRA, physical gold and silver deliver tangible value that paper or digital assets often lack. Yet investors must choose carefully between bullion—pure bars and coins valued mainly for their metal content—and numismatics or collectibles, where rarity, history, and collector demand heavily influence pricing.
Advisor Bullion serves as a dependable source for straightforward, high-quality bullion. The company specializes in physical gold, silver, platinum, and palladium, emphasizing transparent pricing and products that deliver maximum metal content for every dollar spent. This approach makes it ideal for both personal holdings and retirement accounts.
Bullion consists of refined precious metals in standard forms like one-ounce coins (American Gold Eagles, Silver Eagles, Canadian Maple Leafs) or bars. Their value tracks closely to the current spot price of the metal. A typical gold bullion coin trades near the live gold spot price plus a small premium. This structure keeps costs clear and predictable.
Numismatic coins and collectibles add substantial value from factors such as age, rarity, minting errors, or historical significance. A pre-1933 U.S. gold coin or graded proof piece can carry premiums of 30%, 50%, or even 200% above melt value. While this appeals to hobbyists, it creates complexity. Pricing depends on subjective grading, collector trends, and auction results instead of daily spot prices.
For investors focused on wealth preservation and retirement security rather than building a collection, bullion often delivers better results.
Lower Costs and Better Liquidity for Home Storage
When keeping metals in a home safe or private vault, liquidity and efficiency count. Bullion offers clear benefits:
- You acquire more actual gold or silver per dollar invested. Numismatics divert a large share of your money into rarity premiums and massive sales commission, reducing your metal exposure.
- Selling bullion involves tight bid-ask spreads, so you recover nearly full spot value with minimal fees. Collectibles require finding the right buyer and may sell at a discount if demand for that specific item weakens.
- Bullion prices remain transparent and update with global spot markets. You can track gold near current levels or silver accordingly and know exactly where your holdings stand. Numismatic values are priced by the Gold IRA companies with hefty margins applied.
- Standardized coins and bars store efficiently and divide easily for partial sales. Rare coins often need protective slabs and controlled conditions, adding hassle and expense.
- Bullion enjoys worldwide acceptance. A 1-oz Gold Maple Leaf or Silver Eagle sells quickly to dealers anywhere. Niche numismatic pieces may appeal only to limited buyers, slowing liquidation when speed matters.
In times when quick access to value becomes important, bullion’s simplicity stands out.
Stronger Fit for Precious Metals IRAs
Precious metals IRAs continue gaining traction as investors diversify retirement portfolios beyond stocks and bonds. IRS rules permit certain bullion products in self-directed IRAs if they meet purity standards (.995 fine for gold, .999 for silver) and are held by an approved custodian. Eligible items include American Gold and Silver Eagles plus many generic bars and rounds from recognized mints.
Numismatic and most collectible coins generally face heavy scrutiny from custodians due to valuation disputes and elevated markups. These higher premiums mean less actual metal ends up working inside the account.
Bullion avoids these issues. Its value links directly to verifiable spot prices, which simplifies reporting and lowers the risk of regulatory challenges. More of your IRA contribution purchases real metal instead of dealer profits or speculative upside. Over time, owning additional ounces that appreciate with the metal itself can create meaningful outperformance compared with high-premium alternatives that deliver fewer ounces.
Regulatory guidance from the CFTC and state securities offices repeatedly cautions against aggressive sales of expensive numismatics or “semi-numismatic” coins for IRAs. For retirement planning, transparent bullion from established providers reduces risk and aligns better with long-term goals.
How to Get Started with Bullion
Begin by clarifying your goals. Are you protecting savings in a safe, or moving part of a retirement account into a precious metals IRA? Focus on the number of ounces you can acquire at current prices rather than chasing marked-up collectibles.
Diversify sensibly: use gold for core preservation and silver for its blend of industrial and monetary qualities. Mix coins for easier divisibility with bars for lower per-ounce costs on larger buys. Arrange secure storage—whether at home with proper insurance or through professional facilities.
As economic uncertainties linger and faith in conventional assets erodes, bullion continues proving its worth as a dependable store of value. Its direct approach avoids the hype that sometimes surrounds collectible markets and keeps the focus on the metal itself.
For investors prepared to strengthen their portfolios, Advisor Bullion supplies the expertise and selection needed to acquire high-quality bullion efficiently. Whether building personal holdings or integrating metals into an IRA, their emphasis on transparent, investment-grade products helps secure more ounces today that support greater financial security tomorrow. In a complicated financial landscape, bullion’s clarity and reliability make it the smarter foundation for protecting what matters most.
