©Grant Cardone
Our Commitment to Readers
The editorial team at GOBankingRates is dedicated to providing you with impartial reviews and insights. We implement data-driven techniques to assess financial products and services, ensuring our assessments and ratings remain free from advertiser influence. Discover more about our editorial standards and product review process.
20 Years
Empowering You for Success
Reviewed by Experts
Your Trusted Source for Advice
Trusted by Countless Readers
Your Confidence in Us Matters
Grant Cardone has consistently expressed his support for President Trump. From sharing golf outings with the president to addressing Trump’s MSG Rally, Cardone has embraced the limelight when it comes to Trump’s administration.
Recently, he shared his perspective on Trump’s Gold Card initiative, voicing his support. The newly introduced card, termed Trump Gold, permits non-U.S. citizens to acquire U.S. citizenship for a fee of $5 million. Cardone tweeted on X that this program is designed to attract high-caliber individuals.
“A smart strategy to draw in wealth and gather more conservative supporters. These individuals contribute purchasing power, investments, and job creation,” he commented.
From his perspective, the Trump Gold Card could significantly benefit the U.S. economy and bolster the nation. Here are some reasons why Cardone’s viewpoint may hold merit.
Increased Investments in the U.S.
The Trump Gold Card comes with a hefty price tag, potentially drawing in business owners eager to invest in the country. This influx of investment could lead to the establishment of more factories and job opportunities, ultimately enhancing America’s competitive standing.
As a result, the U.S. economy may experience a decline in unemployment rates as international firms increase their presence in the nation. Some companies might even establish operations in the U.S. to sidestep tariffs, much like Taiwan Semiconductor Manufacturing did earlier this year.
Potential Reduction in Government Expenditures
As foreign investments rise, the economy could be invigorated, which may facilitate efforts to reduce government expenditures. The Department of Government Efficiency has undertaken substantial layoffs to rein in spending, with the federal workforce totaling approximately three million—making it the 15th largest workforce in the nation.
While the specific number of federal positions the DOGE team intends to eliminate remains ambiguous, the rise in new employers could generate more job opportunities. This influx of employment from Trump Gold Cards may help mitigate DOGE’s effect on the unemployment rate.
Addressing National Debt
The Trump Gold Card has the potential to assist in addressing the national debt. Reducing this debt could lead to lower inflation rates and reduced interest costs. Inflation typically arises from government over-printing of currency. Additionally, tackling national debt leads to a decrease in U.S. Treasury bills, which will contribute to lowering rates.
Each Trump Gold Card generates $5 million for the U.S. economy. Cardone noted in his tweet that issuing one million cards could result in a $5 trillion influx. These funds could empower the government to immediately work on reducing the national debt, transforming Trump Gold Cards into a significant, long-term revenue stream.
Another advantage of the Trump Gold Card initiative is that it encourages businesses to invest in America rather than relying on taxpayer funding through corporate tax incentives. Businesses entering the U.S. must invest their own resources, thereby facilitating job creation without imposing additional costs on taxpayers.
