Investor who bet everything on gold was right; here’s his forecast now
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- čas přidán 30. 07. 2020
- Peter Grandich, CEO of petergrandich.com, sold all his equities two years ago and allocated 100% of his holdings into gold; he has maintained his position since.
Two years ago, this was a contrarian call, Grandich said, but he told Kitco News that much higher gold price levels are still possible.
Grandich shares with us some pearls of wisdom acquired over a career spanning more than three decades in the financial industry.
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Sold all his equities and microphones 2 years ago and maintained his position since.
lmao!
Great video
Hehehe is he crying now?😂😂😂
Kitco had issues with their audio and recoded my voice over the phone while shooting the video. Sorry, it wasn't my Mic. God bless to old friends and former subscribers. - Peter
Thanks for the interview and I respect someone who boldly stands for their beliefs. The comment board is worth what you paid for the subscription.
Peter how’s gold doing for you?😂😂😂😂
@@bahmak2003 you are clearly clueless on global economics and where the world is going. Wait your just a male Karen now shhh 🤫
@@Chisca22 clueless? Well I thank my self for being clueless and buying 100 bitcoin year 2013! 😂😂😂😂😂
People who have been saying "buy gold" for the last 20 years, have been right for the last 20 years.
I began doing the same thing with going all in on gold and silver (physical and junior miners) four years ago. My net worth just went up in two weeks what I used to earn in an entire in an entire year. I chalk it up to research and awareness rather than luck.
He's not the only one. Some of us converted our 2017 BTC into gold when it was $18K and gold $1200. It's been rather like riding a rocket ship to a bullet train station.
A rare breed indeed in control of his mind and spirit.
Much appreciate all the comments and again let me say, the challenge was on Kitco's side of things and ended up having me speak into my phone for the audio and not my mic. To my Canadian friends, have a most blessed holiday weekend. Between Daniela and David, you should have many years of high-quality journalism at Kitco. - Peter
God bless you!!!
Very refreshing to hear someone stand for their values - something I fear we will not be able to do in a short period of time...
JP actually said "we only print some of the currency, the rest we TYPE"
#ENDTHEFED
Yup
So - summing up July - Stocks up, Bonds up, Gold up, Silver up, Oil up, Crypto up, Dollar Down (along with Fed credibility.)
Wow, what a genuine good man. God bless you, Peter!
Peter, class interview, truth old style. There is a crash coming that will be uglier that the one we remember our grandparents talking about, hard assets like gold, silver, land and produce will be the only things to hold value. The Irish word for money is Airgead, same word for Silver. Buy the next dip in PM's, it will be the last of this generation. Stay safe and remember health before wealth, wisdom before knowledge.☺️☺️☺️
65% physical gold & silver (& a bit of platinum & crypto) here! Cash is trash!
Gods currency: GOLD! Great interview Kitco 👍
S T U P I D😂😂😂😂
I don't know who this guy is; I never heard him before; and, now I am anguished I will never hear from him again!
P.S. - great interview; both questions and answers.
😂
i converted all assets to silver. I'll be doing real well this time next year.
35% gold, 30% silver, 15% btc, 10% eth, 10% whisky
I've been buying gold for the past 10 years since the last crash. I'm 100% in on gold and silver, even some numismatics in case the government decides to make owning bullion illegal again.
P.G. is right. Kitco is the best. I rely on it for updates all the time. Good going Kitco. Good going P.G.
i am increasing my gold portfolio
Sad to see him go and not give any more public interviews. Great guy.
I agree with him on pro sports. They can shut it all down.
It’s all a distraction
Very commonsense man. Really enjoyed the interview.
Really great interview. Wish this gentleman was a regular guest on Kitco.
He even sold his mic for gold and used a potato for this interview
Great interview!!! Peter, NJ in the house!!!
Amazing man! I have a tremendous amount of respect for Peter. ❤
What a class act and stand-up guy. Great interview!
I did "exactly" the same at the same time for many of the same reasons. I understand his feelings completely :-)
Thank you .Awesome stuff. Peter has a wealth of knowledge and so grateful for this interview. Time to batten down the hatches . Good luck all. Cheers.
Really great interview.
David, you did a wonderful interview here. Productive questions as always and a very gracious and respectful goodbye to one of the greats.
6:55 - Awesome question
I was looking at the fiat money resets of the past & other currency failures. Been in gold & gold mining funds for years.
so impressed with this! thanks for not rushing it. Peter is bang on, except with hockey
A consider it a privilege to have gotten to see this interview awesome guy
After QE started failing, especially in 2016, I started doing the same thing. In fact a few of my junior golds are still below my 2015-2016 but most are up big! Great interview! Thanks for posting!
Have bought 1 KGS of physical gold on 24 August 2019 (EUR 43.400,-). Within one year I have almost 10K profit on it (cash devaluation/inflation). This will only continue! Waiting on the big move from gold to cash in 👍🏼!
THe best part of the interview : 5:00 wow what a powerful message
I'd do 100% gold too, except for one problem. In Australia, we have the Banking Act 1959 Part IV, which gives Australia's Governor-General the authority to confiscate privately held gold. Should that happen, then we should expect a big rush to silver. And that is why I also keep a stash of silver... it's insurance against gold confiscation. The USA does not have the equivalent of Australia's Banking Act. Nonetheless, they've confiscated gold before. Sure, you can try hiding it, or denying that you have any, but try buying a house or property, whilst covering it with insurance or access to legal recourse. Trade on the black market, expect the protections of the black market... which is nada.
Hedge with silver as insurance.
Peter Grandich does an excellent job of explaining how / why the retirement planning of so many of us has been sabotaged by recent policy manipulations / "investment" decisions by government spenders that contributed to this world of extraordinarily low interest rates being available for conservative savers.
Happy to hear that people putting trust in Our Lord and Savior Jesus Christ.
Same lord and savior that has our asses in a pandemic? Same lord and savior that let Hitler and fools like that have their way? That’s lord and savior? God’s a fuckin’ joke.
@@ishiiblanks Stop blaspheme Christ. Also open your eyes and see how people being brainwashed by media by spreading fear. It's easy to blame God for all the evil but look at your comment and ask yourself what have you done for Him?
Seek Christ, find Life. He is the Way.
Hard to hear his message, but thank you.
Great man, well said ... on the pro Kneeler Squealers and Jesus is the Savior of this planet .....what a humbles day wise man that guy is! we need more people like that....
The qualities and advice he talks about near the end are those that the greatest traders and investors possess. More of these can be learned and further mastered through reading such books like Trading in The Zone, Market Wizards, Trend Following, and Tradermind. Most of these have one major mantra in common, that the crowd is almost always wrong and that it's best to go against that crowd. That's how the rich remain in the minority.
Gold and silver go higher believe me 👍👍👍👍👍👍⭐
loved his comment about sports stars, etc. Good to see some men still have their balls.
You said when Gold gets to a certain point in the $2000s that you will weed out some of your holdings and some of your Gold. You're going to sell back REAL Assets for FIAT? WHY?!!
my question is did he go into gold etf's or hold hard assets.. may have missed the question.
He is in both.
Thanks for the interview. His experience and instinct proved right.
BOLD MOVE THAT WILL MAKE HIM WEALTHY!😉😉
Thank You. Great to listen to. Wisdom
Newbies buying gold is not the Kennedy/contrarian indicator as with stocks. Have you ever NOT been able to invest in any listed stock? No, but the time is approaching when you can't get physical gold and silver. Newbie interest will only escalate our arrival to insane nominal prices.
Awesome interview. This guy makes a lot of sense.
I am since 2018 80% Gold / silver and since 2019 90% -and now 2020 I am 95% PM and a bit BTC. Out of stock and out of Real estate
All in!Love this!Only chance in my lifetime as well...all in!
Gold is on an E wave of a fourth wave triangle. My guess is it gaps up by open tomorrow. Past 2k mark. Silver is more bullish. 2-3 dollar gap up, IMO. The heavy volume last week in silver(150k volume on after hours comex the day 16.24 was hit) has eaten up all the supply in this price zone. If this is going to be historic leg up(my tech analysis shows silver should be breaking some records in price movement before October), the leg up should not finish until late September. Fifth waves in the metals are glorious.
19:17 - Glad I kept this i my tab for 2 days, ended up watching the good parts this morning.
Love it Peter! Thank you for your excellent words!!
I have a lot of respect for this man. Whether you agree or disagree with his views, he's willing to risk everything (which in his case is quite a lot) for what he believes in.
Excellent interview. Good job David. Very diplomatic and respectful.
Wonderful interview.
Did the same thing but saw it early 2016 when gold and related equities were dirt cheap. We're just getting started now.
God Bless you Peter from Australia
Kitco 💛💛💛
Well God bless him, and those who just desire to live a humble life in prosperity, peace, happiness with their family, loved ones and their neighbors as declared in the U.S. American Declaration of Independence.
Wonderful man and interview.
Great interview David. It would be nice to hear from PG again, hopefully.
Great interview
I agree on the pro Kneeler Squealers and Jesus is the Savior of this beautiful planet, He walked in love and truth.
I am 98% in silver miners SIL, SILJ, FSM, EXK and 2%CASH - bought in slowly and rode it down over the last 8-10 years and am now riding it up. Am up 20% overall at this point. If silver goes back to its previous high, I will be in very good shape. If it goes to $100 or more I will not need to work anymore. If it goes down again, that's okay, I can wait.
Great guest!
@petergrandich1956. I was first introduced to you in Canada on Rob TV. I thought you were genuine and honest with your conclusions then when Jim O'Connell passed away, your tributes to him and his honesty in interviewing is what solidified you as someone I can trust regardless if you got them marked right or not quite. Jim was genuine and humble and so are you. Thanks for your interviews you have given. I have learner a it about the market and being humble in life. God bless.
Alot of respect for Peter
Nice to hear once again confirmation of my decision to stick with gold and silver mining equities, in my case several years back.
What about people who have their 401k? ROTH,? Where do we invest? Liquidating is not an option yet.
Please please try to get this man on again. He had many good insights and angles but i missed alot because of the bad sound. I'm not an english nativer speaker so it was hard to follow along.
Peter never mentioned the currency reset and gold backed currency (or crypo?) that is said to be happening this year. That could be the only thing that prevents a collapse in the market caused by all the money printing.
Rather have paper money than crypto.
Great interview with Peter..
Excellent interview
Stand firm sir 👍🏻👍🏻👍🏻 great show
Great Interview 👍...
I’ll keep saving and buying every month
Thank you
Fabulous interview
A lovely interview; very humane.
Question is whether to sell mining stocks before or at the next market crash or keep calm and wait for the mining stocks to rise again surfing a wave of surging gold price?
Utah can use gold and silver in normal commercial transactions according to law so fiat currency has a small but significant rival there.
I like this guy! He's real, down to earth and all about good money and good business. 👍🏻✌🏼😎
Thank you kitco for this wonderful lesson in morality
I did with half of my assets
Was only joking about the microphone ....good commentary! 👍
Definitely one of a kind. God speed Peter!
I'm almost fully invested in Silver, Gold and now some Platinum. That includes gold and silver mining stocks.
Jesus is King
Love this guy.
If you consider Dow/Gold ratio and money put into circulation lately , Gold and silver ounce price should double at minimum
Great information
Wow. What an amazing man👍
Great views towards the end of the interview, impressive guess.