Why Are Banks Buying Up All of the Gold?
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- čas přidán 1. 05. 2023
- Dr. Peterson and Peter Schiff explore the significance of gold as a steadfast monetary anchor and the inevitable transience of fiat currencies.
Watch the full episode here: Ep. 353 - • Economic Storms are Ga...
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Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
Vivian Jean Wilhelm is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.Read more
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Banks are buying gold and other Precious Metals because of they have remained stable or appreciated in this shambolic times with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
The Collapse of Some Banks has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what’s the best way to take advantage of this bear market?
@@roseroland1998 There are quite frankly a number of ways to make high yields amidst volatile times, but such trades are best done under the supervision of a portfolio-coach
@@Curbalnk Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@@anthonyrussell5718 My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
@@lisaollie4594 Haha. I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with KAITLIN ROSE STERNBERG, and she's really good.
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..
That is why I work with John Desmond Heppolette, who introduced me to a better financial community, a validated organization where I learned how investing works and how to make good investment choices, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made..
Yeah for real, John Desmond Heppolette, is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience..
Such a priceless tip. I just discovered his exceptional resume when I made a google research of his full names online. Base on his online resume, he appears knowledgeable and well accredited I drop him a message and book a call session with him! Thanks so much for the information..
He also happens to be one of the best asset managers I've ever worked with. I've actually had a conversation with John Desmond Heppolette. It has been a truly flawless experience for the past 6 years.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@Adelinde-Isabell That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@Adelinde-Isabell The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
@Adelinde-Isabell I will give this a look, thanks a bunch for sharing.
SCAM ALERT…
scammers post comments in this section through multiple posts pretending to be different people and “someone “ replies “suggesting” this or that person.
ITS A SOPHISTICATED SCAM..
BEWARE OF SCAMMERS IN THE COMMENT SECTION #####
I’ve seen this exact comment chain on another video about gold, very suspect.
BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.
The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance, and financial situation before deciding.
I find gold investment reliable and aim to buy more to recover losses. Silver is also a good investment but differs from my collectibles. Clear investment goals and education are crucial. I work with Eileen Ruth Sparks, a SEC-regulated financial consultant. Starting with modest investments, I accumulated nearly $799k over time.
How can i reach her, because I’m seeking for a more effective investment approach on my saving.
Eileen Ruth Sparks maintains an online presence that can be easily found through a simple search of her name on the internet.
After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.
is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?
It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.
Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
Considering the recent developments involving SVB, Signature Bank, and First Republic Bank, reminiscent of the 2008 market crash, is it prudent to continue saving in the United States dollar? Alternatively, would it be wise to contemplate investing in gold amidst these circumstances?
It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
@@richardhudson1243 It is often true that people underestimate the importance of financial advisors until they experience the negative effects of making decisions based on their emotions. I recall a few summers ago, following a long and difficult divorce, when I needed a significant boost to keep my business afloat. I conducted research and found a licensed advisor who was diligent and helpful in growing my reserves despite inflation. As a result, my reserves increased from $275k to approximately $850k.
@@tatianastarcic I find your situation fascinating.
Would you be willing to suggest a trusted advisor you've worked with?
@@maiadazz Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start the year on a woodnote financially..
Those who point out that Gold and Silver are bad "Investments" have some good arguments ,But Productivity never happens by chance; it is always the result of careful preparation, dedication, and consistency. I thank God for my advisor, Mr Yuval Eric Brokman; with his assistance, I am now financially solid, earning between $10,000 and $25,000 every week.
Your method is accurate and demonstrates that you have a lot of expertise; it is critical to work with a professional while investing, especially as a newbie; this is why I also work with Mr Yuval Eric Brokman.
How do I begin investing in the markets? I had previously read about Yuval Eric Brokman. I am a complete newcomer to this.
google his name.
Yuval Eric Brokman
search his full name
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k.
@@HarrietBemish Mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.
@@EllenAbrex My advisor is Christine Jane Mclean , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
"Gold is money, everything else is just credit." - J.P. Morgan
Paper gold isn't money & commodity isn't money. 😂 JPMORGAN lies
to me food and water is as good as gold
It takes gold to buy food and water
Commodities keep people alive. Gold can buy commodities. Ancient people either bartered their commodities for other commodities they needed or either paid commodities in gold, silver, silk or precious stones.
What about cowrie shells?
I have been telling people this for over 20 years and they think I'm nuts. Just checked the price of gold from 1970 - till this year and: Is virtually the same as inflation. In a real world crisis it will be the standard currency
400% just like the s&p 500
Till you have to move it.
@@aussiviking604 For Fort Knox - not an issue
@ET Himself Look at Russia lots of gold ,can't move it. Bank transfers and financial transactions, sanctioned. Now has to pay with gold, however can't move it. Their oligarchy, all their gold outside of Russia, already seized. Deals done, then gold intercepted. Golds great for hoarders, crap for business.
If you bought gold in 1980 and calculate prices adjusted for inflation you would be breaking even today....if you bought it in 2000 you'd be in profit..
An excellent discussion on gold. Gold continues to be a global secure asset. As the dollar devalues, the price of gold will go up.
Too bad the dollar has been appreciating. Gold prices are increasing because of demand from developing countries, especially China and Russia, but also India, but Indians have always bought gold. As they get richer, they will buy more.
Gold is a fine hedge, but it is not an investment. It is fine for people to buy gold AFTER they pay their mortgage and contribute to their retirement accounts.
Guys like this are peddling gold and silver retirement accounts. That is manipulative, and they are taking advantage of poor people who do not know any better.
This happened forty years ago, and it ended badly for so many. Right now sleazy guys like this idiot Dr. Peterson brought here will screw a lot of people over.
I know you are not some moron buying gold bars on a credit card, but people are doing this. It is just as bad as the crypto scams. Gold is great, but not in a pension, and definitely not as a primary asset for elderly people who need to fund their retirement.
I have always enjoyed PMs, but it scares me how many people I know are making terrible decisions (a few years ago I knew a few poor men who were buying silver eagles for more than $10 over the spot price!!!). The peddling of PM’s and crypto is out of control.
People are affected by inflation far more quickly than they are by a stock or property market crisis because it directly impacts their standard of living. The current level of negative market sentiment is not surprising. To survive in this economy, we urgently need your assistance. The ETF/Equity market continues to fluctuate. My portfolio of $370K is laid bare in ruins 🤦
You need a Financial consultant to avoid being taken advantage of. They offer personalised advice to individuals based on their risk tolerance and investment capital. They do have a great reputation and some do have a strong track record to go along.
@@hannahdonald9071 I know many people who made millions from the Dotcom crash and the 2008 crash, so I've been looking at analogous chances in the present market. Could this consultant that you work with aid me in any way?
My Financial Consultant is SALVATORE FORTUNATO SOFIA. I found her on a Kiyosaki interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online search with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
LOL! Here is a History Lesson! First they had nothing but commodities to use as Gold, such as wood and salt. That's called barter. Then they realized, wouldn't it be better if I sold my wood and salt instead of having to keep it as my money? So they started using Gold and Silver. Then they realized, they still had the same problem because Gold and Silver are also commodities. Why are we using something valuable that is basically like using Gold and Silver to track the score of a Basketball or Baseball game? We should be using something worthless, such as paper! Commodity and Gold backed currencies constantly failed. Why, because they either kept running out of the commodity or got stuck with too much of it and they became bag holders! Imagine someone with all this gold and nobody wants it! One guy in Japan cornered the Copper Market and then got stuck with all the Copper that nobody wanted! LOL! Before 1971, a depression and poverty hit every 10 years simply because the USA didn't have any more Gold for their ever growing population. In 1776, there were only 2 million people, so they had plenty of gold coins to print and give to people to trade. How many billions of people and coins do you need today? Would you work for 1 gold coin per year? Remember gold is rare and literally finite. In every accounting trade to buy food, you must sell your US Dollar or Gold. You going to buy a burger for a $2000 gold coin? And the same thing happens with gold backed currency because there is finite gold but infinite demand for money. Those countries end up bankrupt because everyone actually wants the gold but there is never enough gold and money. Fiat currency solves that problem because people never fear running out of money in circulation because they know the gov't can always print more. The gov't can't print more currency in gold back currency without literally devaluing their currency.
This is exactly why the BRICS nations (plus quite a few others) are creating a new currency that will be backed by gold and other commodities. It's amazing how quietly this is happening. It will be huge when they are ready to use it and start trading using this new currency. I suspect that it will be devastating to the US (and the West in general) and will cause economic chaos.
I think so. Would you suggest a good source to get to know more about the brics?
Any reference that BRICS currency will be backed up by gold or is that just something you heard.
And when you say backed up by gold is that actual as in there would be a place I can go to and handover the BRICS and get the gold or is it just that they claim they have a bunch of gold?
Yes you are correct 👍
The BRICS will introduce a gold-backed currency. My research indicates that China has between 20-30,000 tons of gold so this should not be a problem for the new gold-backed currency to emerge as a new global player. Over printed US dollar is problematic fiat currency now unfortunately
Of course
The intrinsic value in gold, lies in its incorruptability.
Malleability and conductive properties are also highly desirable as well.
Gold doesn't corrode and doesn't produce slag when melted down. Aluminium and iron produce slag when melted that has to be slimed of in the furnace. Lead isn't to bad but it's heavy ( used in lead acid batteries.)
Are you kidding? if you mine gold you have to smelt it and separate it and in fact the process is actually very dirty environmentaly
@@integr8er66 yeah but the gold part can be melted over and over again with out the loses incurred with meting and poring other metals.
LOL! Here is a History Lesson! First they had nothing but commodities to use as Gold, such as wood and salt. That's called barter. Then they realized, wouldn't it be better if I sold my wood and salt instead of having to keep it as my money? So they started using Gold and Silver. Then they realized, they still had the same problem because Gold and Silver are also commodities. Why are we using something valuable that is basically like using Gold and Silver to track the score of a Basketball or Baseball game? We should be using something worthless, such as paper! Commodity and Gold backed currencies constantly failed. Why, because they either kept running out of the commodity or got stuck with too much of it and they became bag holders! Imagine someone with all this gold and nobody wants it! One guy in Japan cornered the Copper Market and then got stuck with all the Copper that nobody wanted! LOL! Before 1971, a depression and poverty hit every 10 years simply because the USA didn't have any more Gold for their ever growing population. In 1776, there were only 2 million people, so they had plenty of gold coins to print and give to people to trade. How many billions of people and coins do you need today? Would you work for 1 gold coin per year? Remember gold is rare and literally finite. In every accounting trade to buy food, you must sell your US Dollar or Gold. You going to buy a burger for a $2000 gold coin? And the same thing happens with gold backed currency because there is finite gold but infinite demand for money. Those countries end up bankrupt because everyone actually wants the gold but there is never enough gold and money. Fiat currency solves that problem because people never fear running out of money in circulation because they know the gov't can always print more. The gov't can't print more currency in gold back currency without literally devaluing their currency.
"Facts do not cease to exist because they are ignored."
Aldous Huxley
I'm surprised Peter Schiff didn't mention that the gold standard prevents money printing, thereby preserving purchasing power of a gold backed currency.
Unless they do a fractionally backed reserve
He did, in the full interview, mention that fact.
uh... no
what you mean in the distant past?.. like before the USA defaulted on the gold standard??.. that comment is sooo last century.
I bought 40,000 in gold back when it was $385 Canadian an oz. Sold it when it was $2200 oz, bought a house, now I have 2👍
Real estate and gold/silver is always the best
hmmm. just like bitcoin. 0.01 per 1 bitcoin now it is ~40k. people buy cheap and sell high.
@@nightshocker6908 and Hunter Biden arts $0 -> $500,000 in 2 years 😁
@@EroticOnion23 nice return right there
Don't you folks remember when FDR demanded everyone give their gold to the government?
Regarding real estate: If you think you can own property what happens if you stop paying property taxes?
Government agents with badges and guns kick you off that property. Did you really own it?
No u didn't
Important show. Thank you for having this guest and asking the questions you did.
1000 years from now, they will be talking about gold the same way as in this video. Gold is king.
I suspect they'll be talking about bitcoin more
They will be able to make gold by then, so it will be about like paper
You can't eat gold, burn it for warmth or smoke it to catch a buzz. I always made fun of goldbugs and now I am one myself.
"Money is gold, and nothing else". -- J. Pierpont Morgan.
@@eloiseharbeson2483 You can't reasonably do any of those things with paper currency either. Yes you can burn it and get 1/100000 the value out of it but that is not reasonable.
Peter done a fantastic job in this interview with Jordan. The only thing I feel Peter missed in explaining the value of gold especially in today's technological age....IT CANT BE TURNED OFF!!! Ponder that for a moment...
True. But it could, theoretically, be confiscated like it was during the FDR administration.
@@stevedrake360 There is a big difference between a government's ability to instantaneously shut a populace down and sending workers out house by house asking if you have any gold. And the fool who hands over theirs is exactly that a fool
@@spitzndtruth1484 I understand what you're saying but when gold was confiscated under FDR, it wasn't workers going door-to-door asking people if they have any gold. The citizenry was told publicly that the government mandated all gold holders to turn in their gold or face jail time. Some didn't comply but most did.
@@stevedrake360 I understand what FDR did and now we know why he did so. He was able to do so in an era where his people actually believed in the government there was trust. Today there is no trust. The government through its policies is aiming at total control and digital currency is the nail in the coffin. You can't turn off gold and silver. You can't confiscate something from someone who is aware to the motives for the confiscation. I can hide gold which can never be found. Regardless only a very small percentage of people stack gold and silver and this small group will benefit greatly in the future. Those who give up their metals give up their freedom. Those who are fully tied to the digital system are at the full mercy of the elites...
@@stevedrake360 And yes in today's times it would be people going door to door to confiscate as no one would come forth to hand over their gold...
Also, you can check whether your coin is actually gold easily without tools, and nobody can counterfeit it (unlike currency, designed to be counterfeited by the issuing country).
I wonder how many people know that the purpose of war is to determine whose money is the world going to use! Who is going to be the master, and who everyone else will be the slaves. And this is why the US spends more on defense than all other countries combined. (Edit: Not on defense, but on offensive weapons.)
Apparently, you have not seen high-quality counterfeits...
@@USAFraimius I have. It's called "inflation." The USA counterfeits USD all the time.
However, only supernovae can counterfeit gold.
Gold is the money of kings. Silver is the money of gentlemen. Barter is the money of peasants. Debt is the money of slaves.
Gaddafi tried to recreate the gold standard. Unfortunately something happened...
So did JFK
“We came, we saw, he died. HAHAHA!” Said the evil demon hitlery.
Tiny hat people and the “Arab spring “ backed by Obama and the Clinton’s
CZcams is hiding your replies…. Careful
I'm just glad so many of us are now putting together the puzzle pieces.
Gold is partially valuable on the periodic table because it is so persistent, inalterable, you cannot rust or degrade or destroy gold. It creates a protective coating in harsh conditions. It is chemically unique and very few things react with it.
So because we can pull an ancient piece of gold out of the sea and under the outer crust it is gleaming and perfect, this impresses us humans as to its intrinsic and immortal value.
Since ancient times, gold has been related to the gods. In alchemy, the philosopher's stone is gold. Gold is the key to immortality. That is why it is so valuable.
Don’t put a gold ring touching some liquid mercury. You can actually see the corroding gold moving and erupting from its surface
Thanks for pushing this. Can you cover the 2 federal reserves that spelled the end of the 'gold standard', and how it happened. God bless!
Imagine if we could reign this in. Imagine the dollar being strong enough that a sandwich wasn't $15, a new starter car wasn't 30k, a good house in a good hood was $200,000. They have to reverse M2 for years, raise rates to 9% minimum and put people to work.
its definitely a weird concept. Although i wish we were still on the gold standard, I do understand why the US govt switched from it. Even though, yes, inflation would be under much better control, we were also in a race with other countries which gold held us back from. In a nut shell, the options were either stay on the gold standard and risk losing our financial and resource advantage OR switch to our current fiat system and grow our economy much faster even if we destroy the dollar in the process.
Every day we encounter novel challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
@Margaret Could you possibly recommend a trustworthy advisor you've consulted with?
@Margaret I really appreciate this info. His website popped up on the first page immediately I searched him, I read through his resume and it seems very suitable. So, I dropped a message & hopefully he replies soon.
Theressa Shakespeare?
@@carter3294 Adviser will earn if you're investment does not grow.. Learn urself
LOL! Here is a History Lesson! First they had nothing but commodities to use as Gold, such as wood and salt. That's called barter. Then they realized, wouldn't it be better if I sold my wood and salt instead of having to keep it as my money? So they started using Gold and Silver. Then they realized, they still had the same problem because Gold and Silver are also commodities. Why are we using something valuable that is basically like using Gold and Silver to track the score of a Basketball or Baseball game? We should be using something worthless, such as paper! Commodity and Gold backed currencies constantly failed. Why, because they either kept running out of the commodity or got stuck with too much of it and they became bag holders! Imagine someone with all this gold and nobody wants it! One guy in Japan cornered the Copper Market and then got stuck with all the Copper that nobody wanted! LOL! Before 1971, a depression and poverty hit every 10 years simply because the USA didn't have any more Gold for their ever growing population. In 1776, there were only 2 million people, so they had plenty of gold coins to print and give to people to trade. How many billions of people and coins do you need today? Would you work for 1 gold coin per year? Remember gold is rare and literally finite. In every accounting trade to buy food, you must sell your US Dollar or Gold. You going to buy a burger for a $2000 gold coin? And the same thing happens with gold backed currency because there is finite gold but infinite demand for money. Those countries end up bankrupt because everyone actually wants the gold but there is never enough gold and money. Fiat currency solves that problem because people never fear running out of money in circulation because they know the gov't can always print more. The gov't can't print more currency in gold back currency without literally devaluing their currency.
Gold and silver are valuable in part because they are relatively soft and malleable and are also excellent conductors of electricity.
Silver also has antibacterial properties.
Hey guys, I'm looking to invest but I don't know anything about the market. Any help? As well who can I reach out to?
I would advise you seek professional assistance because creating a strong financial portfolio is more difficult... This will enable you to receive methods catered to your own long-term objectives and financial aspirations.
Making touch with financial advisors like Naomi who can assist you restructure your portfolio would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Many beginners including myself have benefited from Naomi's assistance. I was able to make about 68k from her services. Incredibly profitable!
I keep seeing different recommendations about Naomi.
She must be very exceptional for people to be talking this good about her.
It's about time these 2 giants got together!🙏🏼The truth is coming out! Thank you, and God be with you both in these end times!
Great< video and some nice tips! This is a scary time for new investors but the best thing you can do is not to make decisions based on emotions. This could actually be a good time to buy more of your high conviction stocks or crypto on a discount. Wealth is created during bear markets, not bull markets. If your portfolio is really effecting your mental health then delete the app and go for a walk. Let the market do its thing and have a long time horizon. I buy and just trade long term more than ever, I have made over 19` btc from day trading with Francine Duguay Crypto in few weeks this is one of the best medium to backup your assets incase it goes bearish.
@FRANCINEDUGUAY
she's active on TELEGRAMS with the name above
The market is growing daily with new strategies and trading opportunities. Financial empowerment is our everyday chase and Francine Duguay has proven to be a part of this mission.Her strategy is the very best
I read more about “Francine Duguay Trading Program" on the internet. She's definitely a Pro.
Wow. I'm a bit perplexed seeing Francine Duguay been mentioned here also. Didn’t know she has been good to so many people.
Great to have Dr. Peterson and Peter Schiff together! The clearest, most succinct explanation I have ever read of why gold is the perfect money is in "The Bitcoin Standard" by Saifedean Ammous, see particularly pages 5 (stock and flow) and 82-89.
bitcoin is still better than gold 🤷♂️
Gold and silver are intrinsically money, everything else is credit
No good is "intrinsically money", but there are of course good reasons why gold and silver have historically been used. However, many other goods have also been used, like e.g. wheat and salt.
The problem is that too many Americans actually believe credit cards are cash.
@@georgevcelar yes, the problem is not limited to america: that's the same in whole western world
Except bitcoin
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
@@Brilliantrans That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
@@Brilliantrans Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Inflation is at 5% now in the US and it is being propped up by automobile prices. Those automobiles will soon be sold at a discount because cars are not moving. Food is a problem with the war in Ukraine and may counter some of the coming price drop in automobiles, but the US is in a good situation with our control of our fertilizer and lots of good land. (If you are in Africa, it may be hard). Land in the US could be good (as always). Gold is a gamble. If Ukraine wins the war and inflation dampens, the price of gold could collapse.
How to get to that nest egg during the collapse. Its a digital or hard currency? Where to be able to spend it w/a blackout that goes for weeks straight? The bluer, the bigger the city you reside the worse a collapse will be.
@@nicholasthomas3635 In a real collapse, it won't matter where you live. Farming is as dependent on modern technology (fertilizers, tractors) as cities are dependent.
His comments about gold are really good. It was chosen by people, as money, by consensus, over time. Gold as a material really does have unique properties, including that it doesn't corrode.
Used in a lot of products too.
Spiritual properties too
It's the first element on the periodic table. The exact term is, "chemically inert".
The most important aspect of gold when it comes to being money is that the inflation rate is relatively low, while being abundant enough (in volume) to be used as money in the real world.
I don't understand people that say gold is just a glorified rock. What is PAPER currency!?! Just a piece of paper that is backed by the governments word. Look what they've done with that. I think to have a proper gold standard that backs currency, the government or central banks cannot be involved in it. Have the top economists and CPA's handle it with total transparency! In fact, do away with the central banks! Make it simple, with no gov't regulations and no power to run it!!
Golds rarity and hard work to find it and dig it out of the ground is what makes it valuable. You can have a gold coin in your hand and go to just about any place on earth and it will be honored as an exchange of value. But foolish, greedy leaders can also ruin a gold standard if its not handled correctly and with integrity. The first thing to do with gold is let it make its own price of value without any manipulations. Wow! What a concept!
If gold was abundant i think it would be just as valuable, not the same price usd, but the same value, plus we would use it in a lot more applications that are cost prohibitive atm
Inflation can happen with gold currency because governments can dilute it. Roman silver Denarii from the late Empire have far less silver than those from the early Empire. But the real value of the metal will still be there. As in the book of Isaiah, "your silver has become dross."
He who has the gold makes the rules. That’s why the central bank bought record amounts of gold last year. They literally make the rules. Buy gold and silver people
This is why I love being a member of 7k metals in all its ways. Being in 8 countries and 100k members worldwide to educate people on collectible coins and a powerful membership to create a legacy like no other.
We aren't in pills, potions, or lotions. We are about Sound Money.
I'd love to see Schiff's arguments when comparing gold to salt which was also used by the romans as currency.
Also I wonder, if the people could again choose what to use as money by consensus whether we'd end up with gold again or something else as we've learned / explored so many new things eversince.
Only salt from the Himalaya's is worth anything. Sea salt has micro plastics. Buy SALT, not GOLD. FFS... smh...
If it happened today, Meme's and Gif's would probably be our currency, lol.
The problem with gold is it’s very limiting. You can’t actively use it for commercial trade. If you try issuing a paper note as a gold backed currency, then how do you have enough currency in circulation to lubricant global trade?
when gold will be the currency for trade then it will be 1000time more expensive. u cant print gold but u can print money and for this is the hardest legal scam on world. by using paper money then your salary are droping in value each day and goods and services all goes up. by using gold it will reverse system.
Because the limits gold exerts on a currency make it a true currency of exchange based on credit not debt.
Thank you for ALL your videos
Would advocating for gold have anything to do with the fact that Daily Wire is partnered with Birch Gold Group? I understand that the point of this podcast is to learn and ask questions, but maybe some opposition would be good too!
That sounds like a separate, interesting interview.
Agreed. Maybe this podcast episode should have been with a third participant on the opposition, or at least be followed by an other episode but with someone of the contrary opinion.
This is one of those correlation doesn't equal causality things. In the sense that Daily Wire is the common denominator. By choosing Birch Gold as a partner they're endorsing their partner and they're endorsing the underlying ideas. So both data points indicate that Daily Wire thinks gold based currency (as opposed to fiat) is a good idea.
@@allenlea4654 Agreed, but a counterview would've certainly been appreciated.
@@shapshane8241:
No one sane would appreciate stupidity.
It is a really undesirable outcome that the US govt has over 50 years acted so manipulatively and for the long term demise of so many with its breaking away from gold in 1971. Greed and power will always fail in the end. Once that average person becomes afraid these metals will move to catch up for 50 years of sustained abuse.
Regardless of what we trade, it’s productivity, skill, time,etc. that is of value. The currency is just the portable medium of exchange which represents our personal productivity. But, to solve for the scarcity or over abundance of that medium, we should anchor it. Why? Because the current economic system is in a constant state of catching up which seems to cause over or under correction.
Thank God for this conversation .. ♥️🙏
I love listening to him talk about this stuff. Still, how can owning gold trump owning real estate and land? If the time comes that I need gold, I'll sell the land for gold. Why buy straight gold and let it sit in the dark somewhere other than to hedge against inflation? I have land and real estate doing that, and it's also making me money whereas gold would not be. Thirty years from now, if the apocalypse hits the world and we're all tossing gold coins around and I have only fiat trash money, then I'll sell a portion of my land for gold, like I said. Why is that not better or at least equivalent to owning gold? The only thing I can think of is maybe no one will be left to buy land - or war would decimate everything and who cares about buying a home anymore. At that point, I could turn the land into crops and make a living selling food....as long as we're not experiencing nuclear fallout...
Anyway, I guess I could go buy a tiny gold bar for 25k and hope I don't misplace it. And then I'd have to buy a safe deposit box and pay money to keep it open - or pull up one of my floor boards. if I die in the night, it can be an ancient dug up treasure for some archeologist some day - or the new homeowner.
And thinking I'm just going to go melt down my gold and make it into something else.....well that takes money! Or it takes away from the worth of the gold you have; bc you have to pay someone to melt and stamp it into a gold coin so you can spend it, or pay the craftsman to make it into jewelry. Idk, I'm just not his target audience for his gold company business:)
You never actually own the land as long as you are required to pay ever increasing property taxes, maintenance, utilities, and insurance. It’s a liability and can be confiscated through eminent domain.
@@HughesEnterprises You are right about that!! But it is owned as long as there is no mortgage; taxes come for you after you're dead so, that's a given. The only thing I would say is, if we get to a point when eminent domain is enacted, what are we dealing with at that point? Utter collapse and/or war - or if the U.S. completely loses power to a foreign (or internal) entity which changes the rule of law, takes my land...then they can do what they want with people's gold also. It's all rigged when it devolves to that level. But I do see gold as an option to diversify one's portfolio. It's just not very practical for use at any time. I mean, if I buy $10 worth of goods with a gold coin worth $200,, how will my change be paid to me? In fiat currency?
Both are better than burying cash.
@@HughesEnterprises:
Couldn't have said it better myself. I'd be very careful with investing in land, and I certainly wouldn't ever do so it in the US.
If gold catches fire in a catastrophe,, good luck finding all the runoff to put it back together again.
The land remains.
Insurance covers the cost of losing the house. And still, no one is acknowledging the amount of money made off the land over the years - it far exceeds all the expenses you're trying to play up. Gold makes nothing. Inheritance tax is not paid by spouses or children. You arguments for gold are weak. Land is usable, gold is not. I'm waiting for someone to show me how practical gold is. You can't. because it isn't.
The high price of gold is fiat currencies going down, but it is also the fed selling the index to shore up the stock market as a kind of buffer against volatility. It's amazing to watch on this scale.
People often struggle when they interview Peter Schiff for two reasons. He likes to talk a lot because he thinks he has a limited time window and the interviewer often interrupts him a lot because they either do not understand him or think he is crazy. Peterson asked great questions and then let Schiff talk. Good interview.
The failure of Silicon Valley Bank has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k portfolio, what’s the best way to take advantage of this bear market?
I think lnvestors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with an advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment
@@emilyhowe3359 I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
@Toni MHamilton I use James Fletcher Brennan, one of the best FA’s out there, look him up
@@emilyhowe3359 Thanks for this ma'am, I just looked up the broker you suggested on Google and I'm incredibly impressed with his credentials, so thanks again for sharing. I'm definitely going to work with him, thanks again for the tip
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Bonjour de France. Here is the same as everywhere, most of people and especially youngsters don't know anything about "money" and economics, they don't even use cash anymore if they ever did. By the way, gold is perfect but expensive, for the less fortunate there's silver. This about it. Bon courage à tous et toutes pour la suite. ;)
silver is money too and easier to use
If any of the "people or youngsters" whom you are referring to should do any online research, they will find out how physical gold and especially silver will act as a leverage vehicle for their future security and well being. One thing though. They have to acquire physical g&s and hold it themselves. Otherwise it most likely will disappear!
@@loanthruag6778 that only works in a free market.
LOL! Here is a History Lesson! First they had nothing but commodities to use as Gold, such as wood and salt. That's called barter. Then they realized, wouldn't it be better if I sold my wood and salt instead of having to keep it as my money? So they started using Gold and Silver. Then they realized, they still had the same problem because Gold and Silver are also commodities. Why are we using something valuable that is basically like using Gold and Silver to track the score of a Basketball or Baseball game? We should be using something worthless, such as paper! Commodity and Gold backed currencies constantly failed. Why, because they either kept running out of the commodity or got stuck with too much of it and they became bag holders! Imagine someone with all this gold and nobody wants it! One guy in Japan cornered the Copper Market and then got stuck with all the Copper that nobody wanted! LOL! Before 1971, a depression and poverty hit every 10 years simply because the USA didn't have any more Gold for their ever growing population. In 1776, there were only 2 million people, so they had plenty of gold coins to print and give to people to trade. How many billions of people and coins do you need today? Would you work for 1 gold coin per year? Remember gold is rare and literally finite. In every accounting trade to buy food, you must sell your US Dollar or Gold. You going to buy a burger for a $2000 gold coin? And the same thing happens with gold backed currency because there is finite gold but infinite demand for money. Those countries end up bankrupt because everyone actually wants the gold but there is never enough gold and money. Fiat currency solves that problem because people never fear running out of money in circulation because they know the gov't can always print more. The gov't can't print more currency in gold back currency without literally devaluing their currency.
@@dtsai So what year did THEY realize gold and silver were commodities, and who were they, and where did they live?
As long as this is a history lesson relate facts and not your invented fairytales
Gold is still subject to market forces, intrinsic value or not. If we were to discover a way to cheaply create or source gold, I guarantee you, it would start to adopt the properties of fiat. Whether by nature or man, gold's function can change. It's just not likely, and that's why we can bet on it, but it's also not the only thing with that property. Keep that in mind.
yah if Adam hadn't sinned we would never need money at all.
Let me know when you can create gold ! This has been man’s dream for 10,000 years 😊
Gold is money
It is NOT a commodity.
Gold is manipulated as is silver and this a reason #2 why Gold is NOT subject to market forces
I like gold because I can be my own bank and protect my money from the failing banks and the corrupt government that wants to control me.
It's not how it works
LOL! Here is a History Lesson! First they had nothing but commodities to use as Gold, such as wood and salt. That's called barter. Then they realized, wouldn't it be better if I sold my wood and salt instead of having to keep it as my money? So they started using Gold and Silver. Then they realized, they still had the same problem because Gold and Silver are also commodities. Why are we using something valuable that is basically like using Gold and Silver to track the score of a Basketball or Baseball game? We should be using something worthless, such as paper! Commodity and Gold backed currencies constantly failed. Why, because they either kept running out of the commodity or got stuck with too much of it and they became bag holders! Imagine someone with all this gold and nobody wants it! One guy in Japan cornered the Copper Market and then got stuck with all the Copper that nobody wanted! LOL! Before 1971, a depression and poverty hit every 10 years simply because the USA didn't have any more Gold for their ever growing population. In 1776, there were only 2 million people, so they had plenty of gold coins to print and give to people to trade. How many billions of people and coins do you need today? Would you work for 1 gold coin per year? Remember gold is rare and literally finite. In every accounting trade to buy food, you must sell your US Dollar or Gold. You going to buy a burger for a $2000 gold coin? And the same thing happens with gold backed currency because there is finite gold but infinite demand for money. Those countries end up bankrupt because everyone actually wants the gold but there is never enough gold and money. Fiat currency solves that problem because people never fear running out of money in circulation because they know the gov't can always print more. The gov't can't print more currency in gold back currency without literally devaluing their currency.
I started stacking silver but beyond a certain point it gets bulky. Gave my silver to a niece that wanted to start stacking before Christmas and have stacked just gold since. Considering what it would take for me to redeem any, I won't complain if I never do.
I like bulky give to me
@@doctorinvizible2077 Give? What do you have to give in return? I'm always open to barter but predators just get a bullet.
What people often overlook when talking about a move away from the dollar is the fact that it would likely cause a crash in global market. If America loses its ability to effectively export it's deficit spending and inflation it'll have to contract it's military spending. Less military spending means less military presence, and less military presence means global trade gets a hell of a lot more expensive.
A loss of the US navy would mean astronomically higher costs for transporting goods for all but a small handful of shipping lanes. Any country not fortunate enough to be next to one of those still protected lanes is basically just screwed as the cost of importing it exporting anything doubles, or even quadruples.
The same for silver.
water
food
shelter
knowledge
garments
defense/hunt tools
tools in general
then, maybe then, gold, silver, ect to create barter systems. There I fixed it.
The gold is better off in technology than as bricks.
Except JBP is a part of daily wire now and they all shill gold sponsors so, yeah don’t think you’re gonna hear that message here
Best barter currency might be clear alcohol. Stock up on vodka, it's always valuable and stores indefinitely.
@@solaveritas2 good ole tater water
I'll add medical supplies to the list
How would one spend gold on the internet or in a store? Those notes were basically created because of gold's shortcomings, right? Among many things, it's hard to divide down for payments. And if the answer is trust a third party (like Euro Pacific and their Debit card) doesn't' that defeat the purpose of owning a bearer asset?
LOL you think you'll able to have internet when fiat currencies collapse.
Also, gold and silver are malleable and were used as coins, smaller ones, as money in the past. You just need to melt them into coin molds or similar, with recognizable form, volume so if the weight/density is right, then you know you have pure gold or silver.
The banks are buying gold so they can hold the value of their assets even when the pyramid scheme of fiat currency collapses. When the inflation machine of Central Banks go boom, money, printed or digital, will be worth nothing. Banks will remain rich while the people will try to pull worthless fiat money from the banks.
The problem with gold is that the vast majority of the surface gold has already been found and gold is mostly used for ornamental purposes. Silver, on the other hand, is extremely important for industrial electrical uses (contacts, wiring, etc.) and gets used up. Back before digital photography, tons of silver was used up and just "disappeared" from film development. What I am saying is that there is far more gold hoarding than silver hoarding in the world today. Thus, the nefarious people who have the resources to hoard it can better determine it's value relative to fiat currencies. I.e., THEY'RE the ones in control.
Those with the gold make the rules. JCPenney(?) Or did his motto rephrase, "Do unto others...?"
some states have proposed legislation to accept gold as payment for taxes. Anecdotal but relevant
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I invest with Mrs Katherine Flores too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
this is not the first time i am hearing of Mrs Katherine Flores and her exploits in the trading world but i have no idea how to reach her.
As a first time investor I started trading with her, with just a thousand bucks. my portfolio is worth much more that now within just weeks of trading with her.
With the consistent weekly profits I'm getting investing with Mrs Flores, there's no doubt she is the most reliable in the market. such a genius
INVESTWITHFLORES💯
I hope more people take this information to heart and start to vote accordingly..There are some books I can recommend on the subject that can be found for free online as pdf downloads and even as audiobooks right here on CZcams, but it looks like mentioning certain authors gets your comment deleted.
Hint: A couple of those authors are Austrian.
You think we vote for peopl? They’re all installed.
@@tommydee1981 But we vote for them..The key is to support grassroot candidates from the primaries to the general elections who are not part of the game. That's what MAGA is basically about and it's a good start.
@3:41 - INCORRECT! The legal definition of a US dollar is 371.25 apothecary grains of silver. This is from the US Coinage Act of 1789, IIRC, whereby some 1000 Spanish "milled" dollars were assayed and 371.25 was their average silver content.
It's interesting to think about the long-term implications of storing gold. While it may seem like just a shiny metal, its unique properties make it valuable for uses beyond just currency and jewelry. And with banks buying up more and more gold, it makes you wonder what they know that we don't. Could they be preparing for some unforeseen event in the future where gold will be even more important? Only time will tell, but in the meantime, holding onto our own stash of gold might not be such a bad idea either.
Central banks and governments KNOW the fiat system is fast coming to an end. Fiat always ends up going back to gold.
You AND the guy in the video keep saying it has all these great values yet neither you nor he says what those things are?
I'm sure you know the savings account is a depreciating asset.
It would be best if you have a substantial share in gold.
Multitudes of problems with buying gold...first off...is it fake Gold...Next how do you transport Gold...Then Where do you store it....Then how much does it cost you to store it....then when old and your memory goes to shit...where did you put the Gold...Then when die...who gets the Gold...then the same problems in reverse to transfer the Gold back into currency...whew...too much effort.
@@integr8er66 😂😂😂🎉
But most of our older US currency were SILVER backed. I have a couple old Gold notes but the Silver Certificates fill my coin & currency collection.
But I appreciate the info re modern gold values
Is your name Mister Oz in reference to the real meaning of The Wizard of Oz?
@@artugert Hahah, no, it is not.
✌️
@@MisterOz73 Have you seen The Secret Oz by Bill Still? If not, you should. It talks about the history of currency in the US. Pretty interesting.
Seems to me that if we switch to gold as our currency, it would be a massive transfer of wealth to those who already own goal or own gold mine. Those who got in early with make a fortune.
“This is gold, Mr. Bond. All my life I've been in love with its color... its brilliance, its divine heaviness.” 😮
Interesting that he didn't even mention silver. Hmm.
How many times this guy said the word gold wtf?
57, so ~ every 9 seconds.
(No, I'm not guessing; it's easy to find out, takes much less than a minute.)
The thing about gold is that it isn't too rare to be money and it is not common to be money. Iron is too common and plentiful to be money and rhodium is too rare to be used as money. Gold and silver are those metals on the periodic table that are just right in being money.
More eggs the better
@@Sharris858 gold and silver together can be all the money anyone needs
I agree with him, he doesn't mention silver. Besides, fiat currencies are backed by compound interest. When a company grows from 1 producer to 2 then 4 then 8 and so on that is compound interest doing its thing. Unfortunately people abuse fiat currencies.
I'm Sold on Gold
So interesting that these videos about gold get a huge number of scammer posts.
The issue I have with Gold is that its so challenging to acquire and/or sell without paying exorbitant fees that can eat up 10%+ of costs. If you take possession of physical gold you pay shipping and/or storage costs on top of that. I like the idea of it, but I just cannot justify the immediate loss of capital to acquire it.
I do not know where you buy gold, but the spread is on average somewhere in the range of 4% for 1 oz international coins. 10% and more is only for the smaller denominations.
GRACIAS.
Lets not forget silver.
Like the fleas arguing over who ones the dog
It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
How can i reach this adviser?
Amber Dawn Brummit is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Excellent tutorial!!!! Dr Jordan Peterson should be running Canada 🇨🇦!!!!!👍👊
You got Turdeau instead and no gold.
"This is gold, Mr. Bond. All my life I've been in love with its colour… its brilliance, its divine heaviness."
Do you expect me to talk?? No Mr Bond....I expect you to die!
Drink everytime he says "GOLD"
Smashed after 1 min 30
@@billytheripper4 what if you're already snagged before you start
@@zackarystewart9214 then unless you have an Irish liver I hope you have your will and affairs in order lol
@@billytheripper4 LOL! 😂
Well, we know what he is selling.
Theres more than just gold in this picture. Agree with Peters assessment however silver is also to play a big part. Silver is far more undervalued than gold so buy heaps of silver and when the gold silver ratio tightens use the silver to buy more gold. A secret many are not aware of.
Historically gold became desirable for its usability:
*Doesn't rust
*Doesn't oxidize
*Best conductor of electricity
*Most malleable metal
Other metals simply can't do these things
Best conductor is silver.
That Birch Gold partnership is looking like a stroke of genius right now! 😂
I have never imagined Jordan on a financial discussion. People are waking up now. 😂😂😂
Paper money was previously backed by gold, it’s only the lack of such which has allowed the current financial situations to arrive …. They are buying gold since the new currency just announced is gold backed you know the one between Africa china etc and that will put its standing above the dollar
Thanks for having Peter on! Definitely a voice people need to hear. You should have some good opportunities to have him back on for super relevant conversations as we experience this ongoing economic/financial crisis.
He definitely has some good takes, he is terrible at being an investor though
just checked the gold price adjusted to inflation over the last 100 years. It fluctuates quite a bit even before the abolishment of gold standard. It might be a good storage of value relative to other metal, but not quite sure whether it is a good store of value relative to fiat money. I guess the biggest advantage of gold standard is you can't artificially print more of it, thus cannot not be devalued easily by the government. In addition. I am not sure if the recent inflation among western countries is mainly due to quantitative easing. At least a big part of it is due to oil price increase as a result of recent wars around the world. I am not quite convinced with Peter Schiff's argument here.
The dollar has lost 96% of its purchasing power since 1913. Gold has lost zero and in some cases increased in value.
@@HughesEnterprises Where did you find this statistic? I could not find anything on it and how is the purchasing power measure?
@@HughesEnterprises You can't purchase anything with gold. Nothing. U.S. gold coins, that's it. And you'd better be buying a whole boatload of stuff. It's not like they can make a $1 gold coin...maybe under a microscope.
I'm with you on these points. And if they ever tie the dollar back to the gold standard, then what dollars we hold won't be fiat currency anymore and there will be no reason to hoard gold, right? This whole thing baffles me in a curious way. I"m with you on not being convinced here.
@@s1074007 Find an advertised price in 1913 and compare it to today. Do the math.
Beef roast in 1913 $0.15 a pound, Today $8.50 a pound. Buying beef, the dollar lost 98.3% of its purchasing power. $0.15 in 1913 is ~0.007 ounces of gold or $14 today. In terms of gold, beef is cheaper today than in 1913. But if you had saved your money in dollars for 110 years it wouldn’t buy you anything.
Median house price in 1913 was $3400. Today, $480,000. The dollar lost 99.3% of its purchasing power. $3400 in gold in 1913 is 170 ounces. That’s $340,000 today. Which takes into account that houses back then had no appliances, and maybe had electricity and running water. Buy a 1913 spec house and it would cost $300K.
1913 barrel of oil was $0.95, today $75. Dollar lost 98.8% of its purchasing power. $0.95 on the 1913 gold standard is 0.047 ounces of gold, $95 today. Oil was more expensive back then.
Price for a new model T was $525. That’s 26.25 ounces, $52,000 today. Average car price today is $48,000… gold accounts for inflation over long periods of time. The dollar is inflated away.
A slummy apartment in NYC ran about $15 a month, today $1300. 99% value lost in dollars, $15 in 1913 gold is $1500 today, buys you basically the same apartment.
An ounce of gold was $20, today it’s $2000. The dollar lost 99% of its purchasing power. The ounce of gold can still buy you basically the exact same amount of stuff it could 110 years ago.
It averages to 96% accounting for a full range of CPI goods/services/housing.
I think that the most fundamental currency is energy, it can’t be created or destroyed, and it runs everything and makes everything.
That's not a currency. You can't save it up. It's valuable, but it's not a store of value. (Fuel, maybe.)
It’s a lot easier to store and sell an ounce of gold than 25 barrels of oil
Energy was not used as money for thousands of years, it's a newer commodity, since the industrial revolution. However, gold is one of the highest density stores of value. A brick of gold will buy you a nice house.
Stored energy can take many forms: fuel, heat, pressure, phase change, rotational motion, or, most easily, electrical batteries. You could literally replace quarters and dollar coins with some standard disc battery.
And the reason I say energy is the most fundamental currency is because there is a scarcity element to it, there is only so much energy available at any given time. If you are living in a survival situation where food and shelter are both hard to come by, gold isn’t really going to be very valuable, since it cannot be eaten, nor does it provide you shelter. Energy, on the other hand, is the reason why you have to eat food in the first place, and the energy of the warmth of the hearth is the reason why you need a home.
In 300AD in North Africa gold was exchanged for salt, weight for weight. One kilo gold. equals one kilo salt. On this basis we are moving towards one kilo of gold for 100,000 kilo of energy in KWHr . Oil, gas, nuclear, uranium .etc etc …..
The reason Gold has a natural currency value today is the same as what made the people of old to decided to use it as a currency :
Because the time and effort it took to find it, dig it out and smelt it and turn it into jewlery ect.....was roughly the same amount of time and effort it took a common man to work their own trade to provide something to barter for some gold from the miner.
You actually think the people who mined the gold are the ones who kept it?
@@greatstag No......but they are the ones who sold it ..... and in doing so required a buyer to trade something that is enough to be equal to the time/sweat that went into finding/mining it. Miners today require the exact same thing for their gold.
Bravo, Peter! As a longtime client of your firm, I cannot recommend it higher!
SO nice to have Peter Schiff with some nice audio/visual.
I feel like there are a lot of nuances missing from the this conversation.
We should all be aware that that's the case in every conversation. If I think there are a lot of nuances to a conversation, I probably have too limited a knowledge of the subject.
I learned more from staring at a toothbrush than I did from watching this guy take 9 minutes to explain what gold is and its history.
I will trade you some gold for that toothbrush
@@billytheripper4 Ha! Knowledge is power:)
that says something about your IQ
@@paulbunyon6324 nah, man. It says a lot about your ignorance when you're defending some nobody explaining to us like we're kindergartners what gold is. Not what we can do with it as adults in the contemporary world to get ahead, naw, just... what it is. I didn't come to the prestigious Jordan Peterson channel to get taught something I knew 10 years ago, I came here for top-notch life advice. And this guy did everything BUT deliver that.
So does it really say more about me, or more about you? 🤔
@@esaua.7455 I'm still referring to your original comment that you made. Go back and listen to Peter Schiff's first three words that he says at the very beginning because those words refer to you (arrogant). You seem to think that no one else should hear what he has to say because you already have a bit of knowledge on the subject, well good for you but you are not the only person listening to him. Also, this is an excerpt from a more lengthy dicussion. Peter Schiff is one of the most knowledgable speakers on the subject of the global economy. Only an ignorant d-head like yourself would describe him as "some nobody".
The problem is, Mr Schiff, Is that commerce has to happen. It can only happen through the dollar... If we switched to gold today, the whole world would come to a screeching halt because of the lack of liquidity and transferability
If Jordan Peterson has a blind spot it is with regard to money and currency. I’m thrilled to see JBP investigating this topic. It is my firm belief the root of all our current social woes are founded on economic reality and our deviation from honest money.