The Donald Trump administration’s ‘Gold Card’ initiative—providing everlasting US residency for $5 million per card—has already seen a significant milestone, with 1,000 playing cards bought in a single day, Commerce Secretary Howard Lutnick claimed. This $5 billion surge marks the primary success of the programme, which goals to boost $5 trillion by promoting a million playing cards to rich traders.
The Gold Card, designed to exchange the present EB-5 investor visa, eliminates the job creation requirement and presents a fast-track residency course of. President Donald Trump believes the programme will appeal to prosperous people who will enhance the financial system via spending, funding, and taxation.
“There are 37 million individuals on the planet who’re able to shopping for the cardboard… The president thinks we are able to promote 1,000,000,” Lutnick informed the All-In podcast, expressing confidence within the programme’s long-term success. The initiative has already generated world curiosity, with Lutnick revealing, “Yesterday I bought a thousand.” The programme’s funds are supposed to cut back the US nationwide debt, which presently stands at $36.2 trillion.
To streamline functions, Elon Musk is reportedly growing a devoted software program platform, anticipated to launch inside two weeks. In the meantime, Trump is contemplating rebranding the initiative because the ‘Trump Card’ to reinforce its attraction. “My individuals wish to name it the Trump Card as a result of the Trump Card sells a lot better than the Gold Card,” he remarked.
Whereas the Gold Card programme is already operational, it might nonetheless require congressional approval for full implementation. Nonetheless, with $5 billion raised in a day, Trump’s group sees it as a game-changer for US immigration and financial coverage.
