Washington: US Commerce Secretary Howard Lutnick announced on the All In podcast that he has sold 1,000 Gold Cards in one day, reportedly adding $5 billion to the economy in 24 hours. President Donald Trump's 'Gold Card' or 'Golden Visa' scheme offers permanent residency and optional citizenship of the United States for $5 million, per card.
Lutnick also said that the program will officially roll out "in about two weeks", adding that "Elon Musk is building the software for it right now, and then it goes out in about two weeks...and by the way, just yesterday I sold a thousand." Lutnick's said on the 'podcast.
He then said that according to research, "There are 37 million people in the world who are capable of buying the Gold Card." He mentioned that President Trump believes "we can sell a million". The funds generated from this government program will reportedly be used to reduce the US' fiscal deficit or national debt.
The initial success of the program, with 1,000 cards sold in one day and $5 billion generated, indicates its potential to reshape US residency and citizenship opportunities, the US administration believes.
