Why Gold might be the best investment in 2024
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- čas přidán 26. 07. 2024
- Revealing the truth about Gold and why it might be the best investment in 2024. The precious metal, currency of Gods that has stood the test of time.
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Question - What are you thoughts on the topic discussed today. Leave a comment and have your say.
Disclaimer: None of this is meant to be construed as investment advice, it's for entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future.
TIMESTAMPS
Intro - 0:00
Gold the safe haven - 0:26
Asking the public the price of an ounce of gold - 1:05
Gold in 2024 - 1:56
Why would anyone buy gold - 3:08
Gold as a hedge against inflation - 5:00
Do people know the value of Gold - 7:24
Revealing the price of an ounce of Gold - 8:27
What forms of physical Gold can you buy - 9:04
How do you buy physical Gold - 10:54
Tax advantages of buying Gold coins - 12:11
Physical Gold in a pension - 13:36
About: Peter discusses Gold. Is it worth investing in and why it could be the best investment in 2024. - Jak na to + styl
Big thumbs up Peter on the precious metal content 👍👍 Please could you cover silver markets too!
Thank you so Pete for this invaluable advice.
Glad it was helpful!
I had no idea there's no capital gains tax on gold coins - that's really given me something to think about!
On gold coins. I was surprised too
Very informative, thank you Peter.
Glad you enjoyed it
Congratulations on 50k subscribers Pete.
Thanks mate
Great video - I am looking forward to hear more about pension options 😊
Thanks for watching. The pension angle will be live next Tuesday 6pm
Nice video 😊
Thanks 😊
Production value, information value 🙏👏
Thank for noticing and commenting
I bought a property over 20 years ago, it's rental income returning annually roughly 70% of what I paid for it. Over the 20 years, it's given back my original investment many times over and it's gone up more than 10 times. Gold hasn't seen the same growth over the same period. Tesla shares I bought a few years ago, despite all recent drops are still showing more than 10X growth in a fraction of 20 years and have the potential to do another 10X over the next few years = over 100X in less than 10 years.
If you'd invested in NVDA, AMZN, MSFT or APPLE etc etc over the same period, your return would have far exceeded that of gold plus you wouldn't have the security risk of it getting stolen (or the cost of keeping it in protected custody)
With huge risk in comparison to gold. It’s apples and oranges. Different asset classes. I hold Tesla which has done well, recent performance has been a bit rubbish but long term prospects still looks good
Markets in a Bubble it will pop eventually just like all bubbles in history
I’ve always thought it was a store of Value but have seen that Gold is Up at the moment
You would have made more money investing in Bitcoin although Gold is a much safer investment.
Personally I have invested in bullion (gold and silver) since about 2007/2008 as part of a diverse portfolio.
Bought and sold as I needed and have done well out of it.
I have around £10k in bullion and it is an emergency stash in the family safety deposy box. (It also satisfies the pirate in me).
This is great content! I'm looking forward to your next video on buying gold via a pension pot.
it's very insightful
Direct Bullion are the best out there. Used them many times.
They score really well on customer service scores
Thanks Peter interesting perspectives.
I have done a deep dive into money and currency.
Given that the majority of civilians know tales of gold and the likes but A do not own it as an investment and B don't even know its value, does it make it less important today?
The price of gold can and is manipulated as openly stated by JPM and co.
The age of computers is very new in the 5000 year grand scheme of things. As we continue the digital age i personally do see gold being less important.
I would love for you to do a comparitive against Bitcoin and 21st century perspective.
I have gold as i listened to gold investors and still do. However even for me a hard stop of 21 million is more scarce and therefore a better hedge than gold whos amount cannot be 100% verified.
Keep up the great work.
In 1902 an ounce of gold would buy a nice suit and so would a few pounds, in 2024 an ounce of gold will still buy a nice suit but a few pounds wouldn’t buy a nice pair of socks. Is the way I was taught to view gold.
A 1g bar is way over £70 now
If people don’t see the £ losing to inflation over the last few years then they can’t be helped.
Some people don’t understand how it works. It doesn’t mean they’re stupid or can’t be helped.
Interested to see how he feels about digital gold and gold etfs
We are big fans of digital gold and think there is a genuine use case for it. Aurus Gold is something we have been using, and it's very good. Gold ETFs are a financial product and carry a counterparty risk; most ETFs are over-leveraged and become very high-risk.
Hi Peter, I hope you are well? I note your were on Channel 5 News today, this shows the value and trust, the credibility you have. You are hugely knowledgeable and trustworthy. Re "physical gold " and zero level of risk with gold coins, bars. Blackrock run a "physical gold" ETF, ishares physical gold. I am presuming this as a ETF is not a zero risk and "physical " is misleading but as it invests in physical gold it is a lower risk? Hope I haven't missed a window for you to view this? Thank you for any reply. Kindest regards Gerry Low
P
An ETF is a traded fund so it will have a volatility risk as it trades. It’s not the same as buying and holding physical gold like coins that you keep. Yes the price of the coin might go up and down but not as much as a traded fund
The one thing cash & stocks have over gold is compound interest
Cash has halved in value over the last twenty years, while the S&P500, with compounding, has averaged 9.8%. Gold has averaged 20.23% over the last twenty years.
Gold, Silver, Bitcoin. 👍
Thank you for reading your DMs I have buying gold for a while. Now looking at one of my pensions.
The video scheduled for Tuesday will be a big help
gold as accessories cost same ? and have same value over time?
Gold as jewellery will cost more as you are also paying for the time/work to create it.
How much more is dependent on many factors.
Bullion coins/bars tracks the spot price (market price of gold), normally 5-10% above + any premium.
This question would be worth a full video on its own.
Gold is dead money. Bitcoin is the future store of value
I agree but also disagree. There's been so much talk about bitcoin being a store of value. Look what happened with the recent inflation run. A highly volatile asset can't we classed as a store of value if it can rise and fall so sharply. I think it has the ability to be in the future once it stabilises
@@conversationofmoney I agree with you there. You are correct it is a volatile asset. However now with the spot ETFs and institutional money coming into the market my forward thinking is that it may follow the same path as gold did with its etf. I think now the investor has changed in bitcoin so will the volatility of the asset. Time will tell but I’m in for the long game anyways. My thinking is the bigger the market cap gets the less risk on it becomes
@@SouthWestCarpHunter I'm with you mate. I've said on the channel for sometime that institutional money will lend more legitimacy to Bitcoin and hopefully stabilise it. I hold bitcoin so I've enjoyed the past weeks uptrend
@@conversationofmoney time will tell what happens in the crypto world. But it’s a bet I’m taking like you. I can’t stand the thought of being that guy who said I wish I’d invested early. Technology is always evolving so who knows but it’s heading in the right direction. Keep up the great content 👍🏻