Is Gold the BEST Investment?
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- čas přidán 17. 06. 2024
- A lot of people (including 1 in 5 Americans) have a surprising view of gold. What shouldn't be a surprise to you is how abnormal everything is. Planning around normal conditions for gold right now just doesn't make sense. This video gives some things to think about.
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I've never seen gold as an investment, it's always been savings to me. That said if I look back at when I started buying (in the late 90s) it's done better for me than more than a few of my investments. Anyone who's willing to view gold as long term savings should be happy with its performance
Agreed!
In my opinion, if you didn't have to pay property taxes, I do believe real estate would be the best option provided it was just land. But because you really don't own real estate, stop paying taxes and find out who really owns that property.
GOLD. Once purchased, all you have to do is hold it. It is truly yours .
I feel like I’m a fair and logical person. Property tax makes absolutely no sense to me.
@@2is1gold I agree, but a paid for property costs less on a monthly basis. Of course that varies from state to state.
In the end, we only borrow our properties from the next "owner".
Still, property taxes, insurance and upkeep is paid by the owner or renter. I'd rather make the equivalent of 2 months rent for those and not have a landlord.
And hope it isn't stolen from you.
@@daviniarobbins9298 loose lips sink ships.
People really overlook the power of cash flow. My argument is that my real estate profits from rentals can support other investments and helps with dollar cost averaging of all investment types
I'm still mad I didn't buy more gold around 1800 went up so fast.
It escalated quickly!
I bought 3 one oz gold ML in 1992 for $350. At the time I looked at as an investment like stocks. Sold them and maybe got $ 10 profit on each. Could kick myself now, however I did learn a lesson that made me a much more informed investor
It’s impossible to predict the future, but I read it’s possible there could be another interest rate hike later on in the year, but who knows?!
I hear you. Reminds me of the saying that the best time to plant a tree is 20 years ago. The next best time is today.
@@go4it129 Every investor in the world has a story like this one. For me it was a stock that looked great but turned out not to be and I lost about 1/3 of my invested money.
I considered doubling down on it but decided against that, so there was a shred of caution employed there. But, as with you, I became a MUCH better investor from that
experience and went on to do very well... well enough to retire comfortably at age 55 in 2004. Still retired now and enjoying it immensely. I feel for those who have a 401k
plan at work that isn't very good. My employer was very careful with the fees and other aspects of our retirement plan and they didn't hesitate to shop for a better plan.
Over the course of 24 years, it was an excellent investment, becoming one of the great wealth creation engines for many Americans and giving birth to the term
"401K millionaire". The funny part of all this is that I didn't start stacking until early in 2010. The 2008 experience in the stock market was bad enough that this was my
wake-up call that let me know that making a lot in the market was good but protecting it with wealth insurance, aka gold and silver, was even better. Because of this,
I took SS benefits at age 62, used some of it for living expenses and more for stacking. I was not impressed with the US Gov or the Fed in terms of their money
management skills, so wanted some of my money back from SS so I could invest it myself. I did well with investing this money, both in stocks and in PMs, so
no complaints there. Life genuinely is a journey. We make mistakes, fall down, and have to get back up again in various ways. But, it usually has something
interesting going on most of the time.
I didn't start stacking until late 2019. My only regret to saving in precious metals is that I did not start 5 years earlier than I did. After 4 years of stacking precious metals I've saved far more wealth than the previous 55 years combined.
I also started late 2019, and I also saved more wealth buying precious metals than the last thirty-five years not doing so. I was not in a good position to buy anything except breaking down high interest credit payments, so it was ah, a Golden Opportunity at that time and I don't regret it. Well, March 2020 I should have "backed up the truck".… so, a little bit of regret.
I wish I had bought gold back in the 1990s when it was about £300 per ounce. I would be laughing now. Oh well.
I could never afford it until about now. I've been buying silver since the early 90s though.
For me at my age I'll take gold over real estate. No property taxes, no hazard insurance, no maintenance & upkeep, no issues with tenants & other pia issues! It will preserve my capital & is liquid in case i need to use it. Plus its beautiful to look at. I sleep good at night holding it vs other assets.
Well said, 👍
I've decided precious metals offer a great savings mechanism. They don't pay dividends. The law of compounding doesn't apply. Precious metals don't appreciate or earn rental income. They just hold their value as fiat currencies go all topsy turvy. It's more fun to see gold or silver accumulate than a balance grow in an account. Because of that, it has an inherent appeal that stimulates the desire to save. It's like game-ifying saving.
For sure. (I’d say they compound in the same way a digital asset does, though.) Cheers!
Gold does not pay a dividend because it does not need to do that. A dividend is a bribe to hold an asset that is denominated in a slowly failing currency.
That said, some dividends compound nicely over time and are great for stocks that are held for long periods of time and that grow their dividends yearly.
100% my feelings towards precious metals 🦬🦅🍁🦘👍
@@edb3877 "A dividend is a bribe to hold an asset that is denominated in a slowly failing currency." Interesting.
basically eating your cake and having it too(pause)
In 2001 a $10,000 investment/savings/insurance/whatever... in gold would have
purchased about 25 oz of gold and would have a dollar value of about $60,000 today.
Now $10,000 will buy about 4 oz of gold.
Those numbers suggest the dollar has lost 5/6th or 83% of its purchasing power in 23 years.
In the next 23 years how many gold oz's will $10,000 purchase? If things don't accelerate
that curve alone would say you could get .64 oz with that $10,000.
It won't mean you are richer if you own many oz's because a $35 dollar oz in 1920
has the same purchasing power as an oz purchased yesterday at $2400.
The problem with real-estate right now is unless your paying cash it doesn't make sense to take out a mortgage when rates are high and everything is way over priced. Im sitting on the sidelines waiting for the right time. But im concerned it may never happen.
I’m currently going thru this with an estate me and my sibling inherited . They want to sell I want to keep. With interest rates and current prices even .50$ on the dollar feels like a financial noose. “A young man in debt. Is an old man with money” keeps running thru my head. I guess time will tell but so far I’ve never lost on real estate.
I’m from the UK and enjoy this channel. I’ve only just started investing in gold but definitely looking at it as a long term investment. My exit strategy will be to sell an ounce of gold at a time once I retire and need a cash injection for whatever I need when I’m old.
Good plan. Cheers!
@@2is1gold would love it if gold is worth £20k an ounce in 20 years time. Unlikely but hears hoping.
Gold is a hold, I still think it is being suppressed. L.Z. say that it should rise to 42k or 43k an ounce, the same hold true for Silver up to 1000 an ounce.
Gold is gold. I’ve always thought it was its own thing. You’d be hard pressed to find an item that small worth that much. I slid towards gold after collecting Winchesters for decades. I was a farmer for longer. Land has value. Cattle are the original “stock”. I think a move to gold and silver was inevitable for me.
Makes sense. 🤜🤛
For me personally real estate seems like a terrible idea. If you have a property you have to look after it constantly. The cost of repairs and time spend for it can be significant.
I can see that. Vacation properties with a manager are another route.
Yes but I think of it as a land bank.
Squatters?
Bad Tenants?
Naaaa .... not for me.
Nasty business. Unless you know THESE THREE THINGS 😄
@@2is1gold oooooook.......
Lol
How about imposed rent caps.
The only real estate investment I would make would be in a REIT ETF or mutual fund... and then it would be purchased at a time when
interest rates were high and likely to be cut. Other than that, which can work very well, I have no interest in renting my property to others.
Gold has history on its side
I run my business out of old car dealer lot I bought. More space than I need. I've been able to rent the unused space. Doesn't cover the payment 100%, but it makes it easy for me to cover. 3 more years and it's paid for. Gold is savings for me and like many folks here, wish I started 16 years ago too.
Smart.
Im canadian but I feel gold is the best long term investment
Da, goldu
We won't hold that against you. 🥸
agreed, especially in Canada, Great Canadian Peso coming soon... unfortunately.
You sure it is not maple syrup?
I too am Canadian and agree.
I was going to buy a house before my deployment back in '21, but didn't. So I spent that year overseas buying the next best thing, Pokémon cards.
Hypothetically let's say we put the average cost of gold in 2014 and let it appreciate 10% a year in stocks. It would have a value of nearly $3300 today. Of course that's very simplified. It doesn't say anything about taxes, Roth IRAs, third-party risk or all the variables in life. The point being that there is all sorts of room for the right answer. IMO/ world I just look at precious metals as insurance I pay myself.
Yeah, that’s a better view than labeling it an investment. Cheers!
If you can't afford a home and/or you don't want mortgages and counterparty risk and fees and taxes and all the complications and unnecessary BS that goes along with owning property, then gold is the best and only choice
Just picked up another Buffalo today. Bought all my other sub $2000, so we’ll see if I get burned on this one but either way it will appreciate when the rate drops happen in 25’
Called about selling to online buyer. They pay about $60 behind spot, but then there's $30 for insurance and $15 for shipping. So, its like getting $100 behind spot. And that's what my LCS will pay.
The first investment is to stay healthy, but we all know that currency is depreciating, gold is one option among a few other practical options.
🤜🤛
Renting property sounds good on paper and heck you can have a good run of responsible renters but over the long term you'll get massive repair costs not factored into that potential windfall. Eventually people will begin to see that gold isn't doing anything but sit there however the dollar is in constant freefall over time. Gold doesn't increase in value but more of a inverse of the dollar value.
3:03 I agree that savings/CDs is really the competitor to gold. Not a surprise to see that low income earners think you can preserve your wealth through a savings account or CDs. Very sad to see people duped by our fiat monetary system
The school system doesn’t do a good job teaching financial literacy.
Just picked up a tube of Costco silver maples five minutes ago
Got delivery of a Costco tube yesterday.
2 IN 1 COMMENT - GOLD
This is an excellent discussion. For me, I’m looking at gold/silver as a “store of value.” I’ve heard that expression before, yet as I study this more and more the idea of “gold vs inflation” keeps bubbling to the top. Which makes me peel back the layers of gold and reveal that I am attracted to it more and more.
Truth is, I no longer trust the political class nor the financial class. Ron Paul - not Rand Paul, but his dad! - started railing on the Federal Reserve back in the late 1990s when he was a US Representative. His son Rand continues the same criticism, albeit as a US Senator. Either way, THEY WERE/ARE RIGHT! I (we) can no longer trust the manipulations and scheming behind the scenes that too often result in the privileged rich getting richer… all on the backs of the rest of us.
And they do that mostly with OUR money (sorta OPM deal: “other people’s money”).
That money, however, is a fiat representation of wealth, ie, the US dollar bill (and all its follow-on, increasing denominations). That dollar bill iS NOT money; it’s a promissory note, nothing more. When’s the last time you read what is actually written on the face of a dollar bill? Look at it. Absorb it. It states: THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE.
Is that “money?” Is that “a store of value?” I used to think so. I’m in my 60s now, and I’ve trusted that relationship in the “legal tender” stuff. But trust is a 2-way street. I’ve always paid my taxes and I’ve trusted the government to respond the relationship with equal respect.
It hasn’t. Not even close. Ron and Rand Paul are correct: the Fed needs to be dismantled. It is nothing more than a tool for the financial class to retain its dominance. But here’s the thing: such dominance by bankers has been gong on for centuries! You can go back to the East India Trading Companies of the Dutch and English in the 1600s and 1700s. They employed the tactic of Predatory Capitalism, especially with naive islanders in the Pacific. And they got stinking wealthy from it. And that accepted form of thievery has been aggressively modeled ever since. (“Accepted” via the fact that the bankers use the political class to manipulate laws in their favor. THEIR FAVOR, not for you and me. Proof? Look what George Bush did in 2008 just before he left office, ala the bailout of banks in the mortgage loan crisis they had been building for years. And I actually voted for him! 😠)
Wanna know who else has been naive to such financial shenanigans?… ME. No more! I’m sick & tired of playing their (banker/financial elites) game of them winning and me not.
So, it’s like that last line in the 1980s movie WAR GAMES with Matthew Broderick where the WHOPPER computer - after scaring the bejeebers out of the general and everyone around him with its hyper advanced war game scenarios being played out on the big board with devastating results - stops at the end with the wisest comment of all: THE ONLY WINNING MOVE IS TO NOT PLAY THE GAME.
That is where I am with the dollar bill and all its representations and machinations. I am no longer playing their game.
Gold and silver are a store of value. The Fed’s dollar bill isn’t. Not even close. It’s a fetid, addictive drug being pushed on us from a soulless dealer: bankers & politicians.
But that’s just me. 😏
I was surprised when my LCS dealer told me recently he liquidated his entire silver holdings at $24.50 and is happy with the move to this day. And he's in the business. He thinks it's always good to have a purpose for your metal. Mine is as a saving tool until I either find a suitable investment or have enough to pay off my mortgage (with the former being the more prudent investment strategy given our low APM).
4 out of 5 people think gold is the most shiny investment.
Gold used to be like savings, but way better than a high yield savings account. In today’s world of inflation, gold is an investment.
Even a high yield savings account that pays 5% is a better return than gold. Gold is superior for trading but it’s not an investment, it’s a physical store of savings.
It’s disturbing that they think gold is better investment than stocks. All the millionaires I’ve met made their wealth through stock index fund investing over decades or through real estate (achieved through leverage). To this day I’ve never met a person who became a millionaire by investing in gold. Having said that, I do believe gold does best when uncertainty & fear is high, so can allow a person to counter fluctuations in real estate or stocks.
Yeah, saving and investing are different things. Business ventures or real estate create the wealth. Then it’s a matter of preserving it. Cheers!
As a real estate investor and precious metals holder, I can say that your video was well thought out and well said.
🤜🤛
Investment propert is great until the tennants are told by our govt. They dont have to pay rent ., or squaters, or take your copper pipes , furnace and hot water tank.......done with the landlord game in our current society .
Data is often manipulated (ask a pharmacy rep) land is by far the best asset. Limited supply, and we know how much land exist….. gold may be everywhere you just have to find it and get it out of the ground.
Well said - couldn’t agree more…..the real estate example you made is excellent, the return based on the down payment. That’s spot on. Gold to me is sort of a way to take some chips off the table with some profits made elsewhere. Plus I sleep better knowing I have a nice allocation to physical that’s stored outside the digital world.
We see things similarly. Cheers!
I’m one of the 20%. Number should be higher! Stock market is severely overvalued and filled with junk.
One thing I don’t understand is your strong dislike of Silver. Gold and Silver go hand in hand.
I don’t have a strong dislike for silver. I just don’t think of it as a top choice for savings.
@@2is1gold I would agree with that. Gold is the top choice for savings absolutely. With silver you are dabbling a bit in speculation.
@@chaunceyhart1346But silver is always good to have. I stack a little bit.
IMO, gold and silver are two different tools in my financial planning tool box. Both do what the other isn't especially good at.
It's easier to run with a hundred thousand in gold than in silver.
Love your videos. You don’t push fomo and keep everything realistic.
Thank you!
Gold is meant to be something that will still have value on the other side of chaos, or the other side of tyranny
Chaos/fiat nonsense and mismanagement will take your currency and your purchasing power generally... Tyranny will take your real property and investments not in-hand.
Long term is paid in full real estate. Best fungible savings… Gold and it’s fun to buy.😉🥃
Looks like Kiyosaki hasn’t sold you on the power of leverage! 😄🥃
@@2is1gold Leverage: A sharp blade that cuts BOTH ways! lol
@@2is1goldA mortgage shorts the dollar; betting that it will decrease in value, compared to the value of (hopefully cash flow positive) real estate. There is no safer bet on the planet. I’m not handing the bank back their last dollar until 2051. What’s a dollar worth then?
@@GotGracexxxxxAmerica is very lucky to have such long mortgages. In Canada we can get a 30yr mortgage but it’s mandatory to update interest rates every 5 years so in reality you’re only locked in for a max of 5 yrs. This is the main reason why I’m not going to buy more property until a couple years into the economic collapse. The market collapsed in 2008 but hose foreclosures peaked a couple years later
Am not American. How much we pay for precious metals depends on the spot price and also the UK pound to US dollar exchange rate(when the pound fell on June 24th 2016 the price for an ounce of gold went up another £100 it hasn't really recovered since). The pound is weaker since Brexit so we pay more for gold and silver. Plus silver and Platinum(new) are taxed at 20% VAT. I try to buy my silver second hand to save on costs. Trying to buy more platinum but no dealers have any in stock currently.
I don't see precious metals as an investment. I don't expect them to gain value. It's more of a hedge. It's a relatively safe alternative to cash.
I like precious metals not as a investment but as a hedge against the existence of fiat currency itself. Of course while hoping the government will never pass a law that will restrict the ownership of gold and silver.
And it's fun to stack/collect/save. 😅
Could you do a video about gold brokers and developing relationships with them. I've been buying for a round 5 years and have bought from a few different brokers over that period. All have varying premiums and sometimes have different specials running or old stock clearances. What I'd like is for a broker to know he can sell to me when gold dips to a certain price but I'm unsure of the etiquette around this.
I'm in NZ and currently expecting gold spot to dip to NZ $3500 an oz, I'd like to buy 4 or 5 ozs at that spot, but unsure if I'm being cheeky talking to a broker about that.
My last few purchases have been from a company so struggle to get the same broker every time, even when I ask for them by name.
We have had $3000 dollar gold here in NZ for quite some time lol!
We even had $4000 an oz gold at one point.
I found all this interesting. Thank you for the video.
Need some madman to go all in on platinum stacking the same way you do gold, big hole in the youtube sphere methinks!
Using it to preserve my wealth. Once I get to a certain point where I can pay things off with it I might use it . I got excited on that dip and I splurged a little too. Bought three
Buy houses, save gold & relax on the beach.
I would not assume that the decline in gold ETF holdings reflects a lack of retail interest in "paper" gold. We all know that central banks have been buying gold. We don't know where that gold came from, but my bet is that a lot of it came from the ETFs (via Authorized Participants pulling gold out of the ETF and selling it to the Central Banks). Realistically, the ETFs are a source of readily available gold. If you are an Authorized Participant, paper gold can get turned into physical gold very easily.
Yes, and if you are not an Authorized Participant, no physical gold for you. All those folks have is a paper bet on the price of gold.
Always a level headed vid. I like it!!
🤜🤛
I’m Canadian 😊 hi from Vancouver. Hard to believe the “news” data these days. Longer term still Gold / silver in an upward trend.. Real estate is in a inflationary bubble. (Especially here) stock market driven by top 4-5 companies others are not doing as well. Digital assets should run 2024/2025 at least…then plan to buy land and more gold/silver with profits
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It's asset diversification and savings.
🤜🤛
Maaan, I'm so disappointed in my gold for another reason... I've been buying 1-gram bars from a local dealer with their brand and therefore a bit cheaper than the well-known Valcambi and Pamp. I was totally freaked out yesterday when I found brownish spots on five out of 13 bars. I read online and was reassured by the dealer that this wouldn't change the price and quality, but how can I be sure? What if the stains get larger and they decide they don't like the bars in a few years?
I'm thinking of exchanging these 18 bars and paying for the difference and getting a 20 gr Valcambi bar. The 18 ones have a big profit right now and that'll entirely go for the Valcambi premium, so I'm kinda pissed and not sure what to do.
💯 based! Gold IS an asset, it’s NOT an investment. Love your analogies. You simplify what gold is at a level so easy to understand. 🙏❤
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Love the starting song, what's the title of it btw?
I don't see at it as investment.
Ughhh, this vid gives me grief for some reason. I just turned 50 and value gold as a fail-safe, as in if something goes rubber side up the yellow stuff can get you through.
That said, I invest heavily in real estate, stocks, money markets and bonds. Minimally in 401k and bare bones in savings accounts and crypto.
And I buy gold… I even take pension loans from my union to buy more gold in case I get to retirement and the pension “disappears” for some unknown reason (yes pension loans have a vig)!
So, I spread it EVERYWHERE because hopefully ANYTHING has value if/when you need it!
The only “real” investment ends with estate! You gotta fight like hell while you’re young, GO GET IT ALL!!!
Well put.
I needed to hear this today thank you
Easier and faster to provide real money (PM’s) to your kids/family/loved ones. Many other avenues of worth are taxed/cost when you give them. Healthcare, big gubbermint, etc, can’t siphon unknown PM’s.
I wish I started 20 years ago
Second best time to plant a tree is today.
never to late
A lot of our fellow stackers say this but it's not true for everyone. I did not start stacking until I was 61 and have no regrets at all about that. Why not, you ask?
Because I was making too much in the stock market to worry about it. That was where my emphasis was and it was quite a thrill to see my accounts go up
by more than $10k a day. Of course, there also were days when it went down by that much too but the general trend was higher, except for the bad years of
2001, 2008, 2020, and 2022.. Still, even with those years averaged in, my investments were quite a bit higher than they would have been via simply saving
cash in a bank or money market account. I learned very early on that I would never be able to save my way to a comfortable retirement. I knew that I
needed to invest to grow my wealth. Investing is not a game for the timid. One must be educated in the art of investing and then one must be bold
and aggressive if one is to succeed. Being overly aggressive isn't good either, so finding some happy medium that works for you will aid your success.
Great video brother thanks for the info stay cool 🥃🥃🥃
Thanks Nate! 🥃
I got a pile o' gold doubloons....That's where I'm at
Just trying to save money that I don't want to blow on useless stuff.
If that was all that gold did for us, it would still be worth owning. 😀
We are getting closer and closer to time when it won't matter anymore what you make, but what you keep. Gold will be great at that, Bitcoin on private ledger probably too, at least for some time.
🤜🤛
My stock portfolio is on fire.
Greetings from austria Love your videos !
Thank you!
The dynamics of gold pricing are undergoing a fundamental change with control shifting from New York and London to Shanghai.
The possession of physical gold is becoming increasingly more vital. The US regime has destroyed the trustworthiness and credibility of the United States. Nations content to leave their physical gold in the United States are now pulling it back.
Pricing control is being shipped east along with physical supply. China has merely paused buying for strategic reasons.
If you are not truly long on gold, the odds are you will suffer a nervous breakdown sometime over the next two years as the price of gold moves with the course of the global financial war, not according to past parameters and theories.
Agreed.
Gold is most important, its defence not offence.
Yeah man...just like you said , it s more of a saveing vehicle, but in today crazy economic environment, saveing your buying power still counts for a lot. 😊
Agreed!
Gold has proven a steady as a fiat currency inflation hedge thus far. We will see what it will be like in 20 years when a possible digital currency may be the “new norm”.
Of the terms on that list, Savings/CDs and Physical Gold are in their own category, in my opinion. Either or neither could be called an investment, depending on which dictionary you read. Savings/CDs are still based on digital fiat and requires a bank to enact. I'll pass on that and keep physical gold instead. And it's nicer to look at so, there's that.
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I don't look at gold, I gave it to someone from my family to keep, because I don't want gold to become an idol, I have gold for about 20 thousand dollars and I think it should be enough for difficult times, I don't buy it all the time, but from time to time I buy something, but I don't look at it, sometimes I forget about it
@@user-ls8fr6pb5w ANYTHING can be an idol. Literally ANYTHING. While Gold is surely in the ANYTHING category, so is your car, house, parents, children... but you won't send those away to conveniently "forget". Neither would I. Which is why my gold stays close at hand, definitely not on some pedestal to be drooled over. It's a savings account that's nicer to look at than numbers on a computer screen.
Great job. DCA wins, picking a bit up today.
Great quote, It helps me when I'm seeing all those ounces you show! 😂
Ha! Congrats on your pickup!
Always a possibility of something for sure! Just keep doing my thing regardless! Gold is all saving for sure!! My "investments" are stocks and real estate!
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I’m a pit viper American
Don’t step on snek?
Gold yas never heen an investment, always a currency. It is savings. If you expect it to perform like an investment, you will be disappointed.
With my portfolio, i think it would be best to slowly build both up, having a balanced amount of assets is simply the best plan, depending o how much you make and what you prefer, more goes into the favourite. all i know is that when you purchase Gold OR Stocks, you win. buying assets is a win in most cases always.
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Where is silver in the scope of things? Not even mentioned in this video, unless I just missed it.
Silver is a riskier/more volatile metal then gold, but has potential to exceed expectations more so then gold experts state. People like Rick Rule and others say buy silver now, then wait until the ratio gap narrows to 30:1 for example then switch it out for gold, said Rule.
This way you can buy twice as much gold compared to 60:1 or 70:1, he said. That’s my plan along with picking up a tube of golden eagles.
All I Want Is Me Gold and for Trump to win the election. Thanks for the video young Sir.. Life is good......God Bless
Gold is savings.
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Going West to East will morph current valuations!
You are 100% right on the savings vs investment. Savings are easier to spend when you need/want than investments. Hence.... opportunity to enjoybargins ir life👍
GDP in the US is up because of QE , go spending, and inflation.
stock market is at all time highs because it usually does that before a big crash. they let the amateurs and pension funds take the risk before the big rug pull.
job data is fiddled because most are part time jobs which an individual would be doing multiple of.
golds linked to ETFs (spot), which normies buy and JPM fiddles by flooding the market with certificates.
they've done the same with BTC. the banks have bought the real (virtual) BTC, then linked them to ETFs, so they now control the boom and bust, and the retail investor will probably not be able to purchase a BTC directly in future. Also, how the exchanges operate is dodgy.
gold is money.
You seem to like quotes. Have you read Aesop's Fables?
Sure have!
l or est une assurance ... surtout en période troubles !!
I got that reference
Everyone buy at least a couple ounces of silver. I did!
John McClane: Welcome to the party, Pal!
😄
gold is the only rick off asset
Do you own any Pandas?
I am waiting for gold to be in the low 2800's before buying again.
In which currency?
It's only at $2329 now😂😂so why not buy at well below 2800?
My guess is Canadian or Australian
I’m one of 20% 🙋♂️
Gold is certainly not the best investment
I don't know anyone who buys gold. Who is buying it? Who has the money to buy it?
Boomers only
I buy fractional soon builds up
Buy 1/10 ounce
People who save for it… I’m trying to give up smoking to help…
XX %er🥃😎
🌎🗿™️
Your thinking that gold is an investment, is precisely the problem with everyone who thinks that. Gold is NOT an investment. Gold is REAL MONEY and the only true money. Once a small fraction of the world's population learns this, gold will go exponentially higher and do it over night, just like crypto currencies.
I don’t call gold an investment.
I'M 1 in 5!!!!!!
Gold is NOT an investment, unless you are able to buy it in copious amounts. Let’s say the economy crashes. If the dollar loses 90% of its value and you own 48 oz. How far do you think that will go?
In theory the same distance as right now that’s the hedge
@@Grams_at that point, ammo would be more valuable.
😊😊😊
😂 When giants like Blackrock and Fidelity start pushing Bitcoin and not gold, you know the financial world has changed. Even China is calling Bitcoin gold 2.0. Buy gold because it looks nice, buy Bitcoin for financial freedom.
China banned all cryptocurrency transactions and mining in the country.
I am Dutch 😎👍🏻💪🏻
Soon this will be a commercial for company channel. Booo
What?
First!
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How much of your savings should be in gold? Ive got most of my (littele as it may be) in 1 month T-bills netting 5.3%annually. Ive got 35% of my total savings in physical gold buffalos.