Gold and Silver - the Worst Investment
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- Опубліковано 21 сер 2023
- Recurring comments tell us gold and silver are a bad bet - a bad investment. Some comments will pick specific timeframes ("last 12 years") to make the return on investment look particularly poor. As I've said you can pick a window of time to tell about any story you want, but the important part of precious metal performance is based on the manner in which you buy. This video dives into that.
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I buy gold and other assets over time, and then buy more as price and interest allow. If you want to know more about buying gold coins, that is my primary focus here. Cheers!
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Disclaimers: I am not a financial advisor, a CPA or an attorney qualified to give financial advice. Nothing I say is meant as professional or financial advice. I'm just a guy on the internet, talking about precious metals. This is for entertainment only. If you're looking for financial, tax, legal or other advice, please seek out a professional. I will NEVER ask you to send me money to trade or invest for you. Please report any suspicious emails or fake social media profiles claiming to be me.
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Thank you!
I am 67 years old, I have been hearing about collapse of the dollar since the early 1990's. I listen to the sky is falling people with a grain of salt, I buy PM with monies that I don't really need, have home paid off money in the bank and elsewhere, praying that my PM will go to my children.
That's a great plan. And yeah, THE END is always near. 😄
I’m a bit older than you my friend but I believe as you believe. The end is always near, at least to someone who wants to sell you something. I may be wrong, but I still don’t owe anyone a dime!
Pass Gold to kids- we are all so generous to kids. Seems like all mankinds PMs will go to kids.
@shafserious2805 good point. You should give yours to your great grandparents
Took the words right out of my mouth.
For all you young people out there that have tgat itch to go to the mall and blow 200 or 300 or 500 instead go online and buy a 500 dollar gold coin over years you will have a nice stack instead of a bunch of clothes you don't remember buying.
🤜🤛
Even better? Pay off any debt you have (average interest rate banks are charging on credit card balances is 20.5%!). When you’ve done that, put $ into the broad market via a Roth IRA. Then put together a 6-month cash emergency fund. THEN you can stack gold and/or silver.
Gold and silver are not an investment, they are money. When you buy, you are simply trading fiat currency for money
Exactly!
The reason you are wrong is that golden silver are also extremely manipulated. Markets are going to see the end of manipulation very soon Which means we will see the true value of golden silver shortly.
Hold currency in one hand and gold and silver coins in the other and wait 10-100 years and see which is worth more.
THANK YOU!!!
Best way I’ve heard it put…back in the 60’s if you had a gold bar it would get you a suit and a nice dinner (spot $35 or so). Today, if you had a gold bar you could do the same, on the other hand, if you kept the $35, what would it buy today?
That’s what I’m in it for. Some people want to invest in the moon, I’ll keep my investments down here on earth.
Excellent video, as usual.
I buy with funds I don’t really need for life to continue. The plan is for life to be good and the grandkids get it. It’s good to have it just in case of crisis.
Solid plan.
@8STR I wished my grandkids lived in the same state as I so teach about my stack.
Ask yourself this question. If gold is a worst Invesment then why a lot of people doing it and why does every nation have a gold reserve ?
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Social Media is probably the most important driver. Second would be confirmational bias which of course social media provides. PMs are clearly not the "worst" investment since frankly, it isn't an investment in the financial sense, more of a hedge. Lots of people spend more than they make so I guess using your logic that is a good idea too. j/k EDIT: Every nation "says" they have a gold reserve, but like the United States, those "reserves" have not been audited in oh, half a century ;-)
I think the point their trying to illustrate is… gold/silver are mainly a liability…. UNTIL it goes up or you can sell it above price purchased and the appreciation is limited… I’m a huge stacker… so I see when I buy gold/silver… I’m always getting a steal of a deal it’s just a matter of time till physical gold/silver isn’t priced based on paper gold/sulver
Central Banks have been buying gold this year more than ever. They must know something!!!
YES! Warren Buffett once said that gold was a bad investment. Then when this highly unstable economy developed, Berkshire Hathaway, his company bought a half a billion dollars of shares in Barrick Gold. In a time when capital preservation is critical, precious metals are very important. Even Buffett now understands this.
My PMs are not an investment. They are an insurance policy.
🤜🤛
Gold has gone up for the last 3 days. The dollar has gone down for the last 4 days. When the market crashes in the next 16 months you will wish you had more gold and silver. Besides, as you said, gold is pretty.
Gold and Silver are "outside the system" savings accounts for me and only buy on huge dips like we have seen recently. Buying Gold and Silver keeps me from spending money on silly and unnecessary purchases. Holding physical Gold and Silver allows me to quickly pull in emergency needs and sell at my LCS and walk away with cash when needed. Not looking for it to moon and get rich off the purchases
I 100% agree, it is basically an inflation hedge, or insurance. Not dumb to own, but if you are looking for returns and compounding growth, look elsewhere.
@@DrSchor i would disagree but to each his own.
@DrSchor it's helped me immensely, especially buying gold jewellery close to scrap price - before i would have wasted cash on designer clothes
I hope it drops to $1,600 or even lower. I'll be buying a whole lot more. I started buying when it was $400 an ounce. I miss those days. Over time, it will just go higher. Don't sweat the day to day. Just pick up what you can, a little every month.
PM never go higher. It’s fiat money falling 😂
Such an important perspective to break down. Well done. Counter party risk is a big factor when comparing gold and silver with other investments.
1987 Silver was $5 an ounce and gold around $450 an ounce. Today it’s $23 and $2000 respectively. That’s a quadruple gain.
Here’s some more history!!
you would have purchased silver On April 25, 2011, when silver traded $49.80 per ounce in the New York spot market!! You would still be, if you added in premiums, better than 50% under!! 🤷♂️😂😂
In 1920 on average you could buy an acre of land for 3 1/2 ounces of silver!! Today on average that same acre would cost you 7 1/2 ounces of gold!! If you bought one thousand announces of the silver January 1, 1980!! You would’ve had $39,950. If you had that same 1000 ounces of silver today. You would have $22,830!! If you have no problem losing $17,120?? not a bad return for 43 years!! CASE CLOSED!!! 😂😂😂
Keep the videos coming! I very much enjoy them on my long drives!
I don’t leave my house planing on wrecking my car either, but I still make sure my insurance policy is up to date.
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Thank you so much.
Enough said. Cheers mate.
Well said as usual, nailing the important parts!
Thanks!
Great information & video thanks for sharing 👊👍
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I like your points building a case without leaning on it too much from the insurance standpoint. That's the catalyst I buy, but there are many other rational takes to have it and you outlined those well.
Love the channel. Avid fan. " Dragon fever is a real thing". That was profound. I'm always tempted to get more gold. I cant help feeling that the world values everything in fiat. When I get more gold I feel like I've outsmarted the fed and the government. I have slipped their veil of lies and returned to the old world valuation of money. Where one gold equals one good horse etc. Maybe we should start valuing things against gold and silver. I'll start. I recently bought a chevy truck it cost me 2 and a half gold. Of course it cost nearly 10 silver to license. -G
Dragon fever is definitely real. Cheers!
Great video brother thanks for the info 🥃🥃🥃
Thanks Nate!
Great content! Keep it up!
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Another great video! Yes more...
I love your honest and practical approach with these metals. It's a breath of fresh air. With everybody out there talking about gold either "shootin the moon" or with "doom and gloom," you maintain that status quo and let history decide its fate....👍🏼
Thanks. I think there's a lot more to it than being useful only in an apocalypse. 😄
but if there is an apocalypse, zombucks!@@2is1gold
ditto
I'd be extremely surprised if gold dropped to $1600. I think it is much more likely to shoot up a lot higher.
Last year almost touched $1,600 a few times and there was no real alarm. I guess it’s feasible that it could pull back again. Long term it goes up, though. Cheers!
@@2is1gold
Were the Brics and similar recent history transpiring back then? Fiat paper/cloth has proven itself throughout history (to lose nearly all value)
They say one ounce of gold by 2030 is going to be worth 5k.
Been stacking gold and silver for the last 4 years in hope to use it for a home in 5 or so years. I picked gold and silver as a “saving plan” for a house because the growth is there “not huge” from my current experience but I feel safe knowing it’s in the forum of a asset then a digital number on a screen and I strongly don’t see silver or gold dropping in huge numbers
😊thank you for the info 😊
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Thanks have a great week stay cool going to get hot for some
Yeah, you too!
Thanks as I enjoy knowing the weather conditions while being schooled on P.M.'s.😊
Here’s another way to destroy the argument: this isn’t stocks.
Yep. "Not stonks."
To each his own… my stock portfolio positioned me for a very comfortable retirement, via price appreciation and passive income from dividends. Which in turn allowed me to stack gold & silver to the low 6-figures.
I’ve been looking for a new fur hat!
😁
Good plan, always smart to put funds that would be wasted and put it to good use and better opportunities. That's the plan i am currently following as well. And always on the lookout for other good investment opportunities. But Gold is always nice to fall back on should you need it
Agreed. 🤜🤛
Most people are in different situations, I am in my 60s and have made my money in investing and in real estate, but now I am preserving wealth in some silver and gold. My family tree did not come from old money, so I am passing on some knowledge and wealth to the future generations. I do not want them to struggle like my grandparents did. Do what is right for you and do not worry about what others think. Thanks for your videos
One of the best channels for keeping the panic out of stacking. I've not got much disposable income, but I've definitely found that I had more than I though I had when I put it into metals instead of wasting it on other things. Gold is my savings, silver has 20% VAT in the uk so that's just when I find a half decent price and want a bit of weight in the hand
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If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to making you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life...
Even if it goes down we know it will eventually run past the current numbers. We are guaranteed wreck-less government spending and significant currency devaluation. So you win with Gold/Silver either way…the fact that they are still where they are into the steepest interest rate hikes in US history is incredible!
Agreed. 🤜🤛
I mentioned I like the class of your visual presentation of props. Maybe a nice tobacco pipe or a gold cigarette holder. I don't smoke but they would look stunning with the books knife and the gold of course ...in my opinion.
I’ve been looking at “diversifying my portfolio” by buying gold. There are certain “companies” out there talking up the BRICS nations and their “upcoming” announcement of a gold-backed currency that will skyrocket the price of gold so “buy now!!”. What is your opinion on this, or more generally, buying a (relatively) big amount of gold to safeguard savings and/or 401k. I’m new to this whole buying gold thing and new to your channel, so feel free to point me to a video if you have talked about it already.
I’m making a video now. The hype is mostly unwarranted. The BRICS Summit is happening right now, so you’ll have a definitive answer Thursday. Cheers!
@@2is1gold thank you!
I can't think of anything to add right now lol
🤜🤛
Thanks 4 your support and honesty.The only thing I can add is "goose eggs."😊
I just started buying silver, cause its cheap, i plan to buy gold but waiting for prices to drop , in any case the plan is to have a chunk of my savings in precious metals , still and FNG in the subject
🤜🤛
Most people don't understand money. Precious metals are insurance. The US dollar is a fiat currency back by nothing and it's going to collaspe and go to zero. Currently it has a 3 percent purchasing power.
Seen the Silver cost rise in the last couple of days. I missed the dip because I ran out of money at the time. I bought on the way down but not at the bottom.
Ah well, DCA will do me ok.
Just discovered your channel, love the content. Brand new to stacking.
Question: I go to one of your recommended Bullion dealers to by a 1oz American Eagle.
They list a 2023 (BU) for ~$2020.00 and a random year (BU) for ~ $2010.00. Aside from the price difference, which would be the smart buy?
Why would a random year make a difference if the gold content is the same? Or does the gold content vary by year? I am assuming there is no Numismatic value.
Prices are dictated by inventory and purchase cost. When random date coins are cheaper it usually means people have been selling so they have them stocked up. The only difference to you, the buyer, would be that second party coins might have minor wear.
It might be the exact same coin. I have bought randoms and gotten the exact same coin at lower price. It's like a store needing to move product selling open box but everything is there, in order, never used. They made some sales they might never have made.
“Unnecessarily expensive pocket knife” 😂 Story of my life.
The struggle is real. 😄
What is it? Looks very nice.
Love my coins,rounds and bars, better than buying frivolous items. A few cents up and down don't bother me. Just bought my first Gold,can't wait to see it.
I'll take another sale on Gold and Silver!
🤜🤛
“Really shiny” is a good enough reason.
🤩
What effect of the the BRICS conference going on now have on the price of PM's? I'd think all this "talk" would generate a large increase?
We've already had the increase, and after the BRICS conference ends with no announcement of a gold-backed currency to replace the dollar by next Monday, expect prices to weaken as the people who bought on the hope (hype) get discouraged and sell.
You always make the most common sense and effective points. Critics... That's the "but..." crowd. Ignore and shine like you always do. Thank you.
Thanks!
In my state there’s no tax on PM purchases. No tax in selling under $10,000. I’ll make sure Uncle Sam never sees a penny.
🥇👍
I agree as I hate the way the government is "wasting"our tax $ on about everything but it's own citizens.😢
My wife says I have too many fur hats. Guess what I just bought, another fur hat 😁
Yep. I just bought another ‘hat’ too. 😄
I used to have a Daniel Boone "coonskin"cap."😊
Buying Gold is one thing but buying Silver is an absolute waste of time!
Up, down, Flat... I'm buying
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That's a good starting and ending goal.
Win at the casino, I buy a little of the shiny stuff. Been doing more T bills lately.
All of a sudden t-bills are interesting.
Good suggestions but I rarely win so I avoid them and am buying AG now.😊
I think with gold on breaking even... Silver on the other hand... My avg spot price over the last decade is around 18 - 19 ozt.... Not to bad... I'm not in it to make money off these assets, I like to call it idle money😂... I have stocks and crypto that make me money and my retirement of course.. full retirement around the corner soon🤞... either way I'm not in it to make tons of money and I do try to mitigate potential risk as well as losing money to downward prices.. that's kind of why I haven't really been buying much gold in the last six months or so other than a couple of 1/10 pieces..
Risk mitigation is never factored in to the comparisons to other asset classes. Cheers!
Selling back to the big online PM dealers will get you raked over the coals.
What do you find to be the best online selling method?
Good question and would like 2 know as I have never sold,only bought.I just don't wanna get ripped off if and when selling day comes.
PMs should never be picked as an investment... It is just a means of securing something that inflations doesn't get hurt like your paper dollars or the digital currency they are steering you toward...... Currently, everything I have is worth more than what I paid for it....and could it go down? sure.... but how much is that dollar worth today compared to what it will be when said PMs drop to what you say it might.....
The trouble with buying gold and silver is the high premiums.
When a private party goes to sell their silver or gold no one will ever pay them a premium,
The average person selling gold or silver will be lucky to get spot price.
That’s why 75% or more of the gold & silver my wife and I buy is in bars or non-collectible rounds. Lowest premiums!
Yes. It’s annoying me. Not doing anything this year
Which direction do you want it to go?
@@2is1gold crash
9 months ago, the pundits called for $2,200 gold by year end.....
@@livinthedream7714 I don’t see that happening
@@livinthedream7714 throwing all my cash into HYSA than let it grow. If gold drops I’ll buy. If not HYSA it stays
"swoop and poop" Hah, gotta use that one!
😄
One other aspect you can always think of to is that the commercial loans expiring those businesses are going to have to refinance at a way higher rate which means it's going to be a lot of bankruptcies in Banks aren't going to be able to get their money's and then on top of the bank's not getting their money's you got the FED raising rates which is killing the bonds that the banks own and more banks are going to collapse so if the banks are going to collapse who's bailing out the banks the government's the government's going to have to print a lot of money to make people and balances whole therefore if money-printing is being done the value of the dollar is going to go up. So there is going to be two phases of gold going up as one when this scenario happens and then the other is when the fiscal responsibility of the government fails. My prediction is in 2024 gold can get up to 2300 announce and in the end when the government collapses gold will be somewhere between 10,000 and 15000 an ounce
I have silver for barter, hoping I never need it for that. Gold is being bought for wealth preservation and to pass down when I’m gone. I have a very small budget to buy with and price really doesn’t affect what I’m buying. It does affect the amount, oh well!! I love this channel…. 🇺🇸
Thank you!
I really don't understand why some people stack Silver to barter with. Why not plan in advance, stock up on beans and bullets now? I'm not worried about having enough supplies, I am prepared. I do buy Silver, but not for barter. Maybe I will need something unexpected, sure it might be useful to barter, but definitely not a plan.
I’m standing pat. I see no immediate reason for gold to go up but I do see reasons for gold to go down. If a black swan event occurs, and I think it may in this environment, gold will fall along with everything else!
No reason to go up? It may not be immediate but BRICS consistent growth in popularity as a means of dedollarization comes to mind
Gold silver Xrp XLM Algo Bitcoin Eth
With tokenization of gold and silver and many other commodities prices will soar
Note that when someone is charged with manipulation metals goes up, as soon as they are released it goes down.
Gold is a $12.7T market. I don’t give anyone that much credit.
The real cost of the production of an aunce of gokd now is around 1600$
And fir silver it is 18$
good morning, my precious
love the swoop and poop comment, keep up the good fight.
😄
I understand the desire to pick up precious metals, but as a wealth preservation action. To see precious metals as an 'investment', there are just too many other ways that are much better choices. I'd rather spend the money to 'protect' my wealth picking up precious metals, than parking money in a savings account. Aside from regular investment programs, precious metals is just a part of that plan, as a 'fall back' for prolonged wealth insurance.
What's surprising to me is the deals available for platinum. I see it as a seriously under valued option with a high likelihood to become a preferred industrial use option. As far as value retention, I see that as an option that also may turn into a better 'investment' opportunity than a good number of index funds over the next 3-6 years.
Gold and silver are good bets, but don't put all you eggs in one basket. Most people recommend a 5 to 10% allocation in precious metals. I believe it should be higher up to about 30%. There is so much risk in the world that a higher allocation than what most people recommend is warranted. Your remaining around 70% or more should be in U.S. Treasuries (inflation indexed are best), energy, agriculture, staples, and natural resources; they should do well when everything else is falling. Keep some cash available and deployable as conditions develop. Keep in mind that you don't have to own all bullion. Miners are a good mix along with bullion with even greater potential up side than bullion by itself.
Give me another asset class that you can own where there are no counter party risks and where the government has no record of that ownership. Art perhaps? Collectables? Watches? They are the competitive investments that may be more relevant when determining opportunity costs.
Yep. We could try the diamond trade I suppose. (Sounds terrible.)
@@2is1gold Diamonds would require some skill I think. At least with Gold and Silver you don't have to be an expert. You can rely to some extent on a reputable supplier and their XRF to establish authenticity, or just use a rare earth magnet and scales to weigh the material in and out of water (gives specific gravity). Anyone can do that. The main limitation for any of these is storage and security. But there are reasonable solutions for this.
How much money or percentage of income do you spend per month on metals?
I hope it does go to $1600, it's a great buying opportunity.
Great video as usual. I have just bought another ten King Charles one ounce Brittanias 👍
Nice!
I buy on the big dip. Overall since the 80's my cost average is great. But I use money that is extra, not money for investments, everyday living.
Gold n silver can drop big and can go up big.
But buying low and sell high is how the game is played, but patience and homework. You will never lose with gold and silver, unless you are forced to sell on a down-tread.
I like to buy on dips , but just think over time it's gone up $35 oz to now ?
It's pretty funny to listen to people say how much metals have lost since 2011. Who buys at the peak of anything unless they really like losing money? I bought some amount on the way down but mostly I waited because I, like most people, have common sense. Anyway I'm fine with them not buying. I'll buy their share. Thanks!
Right. If you bought it all that one year and then never bought any year following, you're "screwed". 😅
It happens and some will say, this was them buying at the peak…..Larn ‘in DCA ain’t easy for some , Buckaroo!
Excellent 👍👍 video
Gold is Gold. No matter what, it's Excellent saving method 🤠
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Cheers
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Still mined today must be worth something!
Pension, insurance, and retirement managers are primarily allocated (>50%) in long-dated sovereign bonds (think US 10-yr Treasuries, but I'm not only talking about US pensions). Given that interest rates are at historic highs and long bonds are getting crushed so badly that banks are failing, these retirement funds are going to have to pivot out of sovereign debt.
What can they pivot to? According to Rick Rule, current allocations of retirement funds in gold is around 0.5%, and the historic average allocation is about 2% (with a peak at 6% in 1971). If retirement funds (we're talking tens of TRILLIONS) mean revert to 2%, that means demand for gold will quadruple. Seriously guys. 250,000 tons of gold have ever been found in all of history, worth $16 trillion at $2000/oz. What would happen to the gold price if $1 trillion suddenly appeared in the market trying to buy it?
Just don't forget to sell half of your stack at $10,000/oz, friends.
Trinkets here ,Trinkets there , Trinkets everywhere….all the end of the rainbow. Can’t take it with you when you go, but sure can leave it to those you know .
I like it.
I am beginning to sob.😢Amazing and beautiful lyrics.😅
All I am going to say is the currency buying power is worse, gold is considered a tier one asset and is stockpiled by central banks all over the world and is used to stabilise their currency and as a means of international settlement, yes it reflects the state of the economy and is in a downward trend at this movement in time and I expect that to continue until may 2026 when it will bottom out along with everything else, so what price will it be, I would say 1200 per ounce, then it becomes a buying opportunity of a lifetime along with silver, then when the gov. under the WEF agenda goes to a digital currency and cash is no more, then you will see the metal price be revalued to a much higher price and the sky then becomes the limit, of course you can do what the gov. expects you to do and sell all your metals and lose your potential to really make a profit, or wait and let it ride, its totally your choice.
If you have already address this question in a past video, please send the link. I have already searched UA-cam, but can't find the answer.
As Master Yoda would say, “ Fucked we are.”
Having fiat dollars with all the debt is a bad bet inflation taxes etc your dollar is toilet paper
$1600 is the last low about a year ago, not that it really means anything, personally, I'm waiting and still looking to move my savings into it.
Yeah, it got close. There were a few good points to buy like that last year. Cheers!
@@2is1gold I got a feeling they're marking down the price on purpose to screw people over, it's been done plenty of times before anyway.
I’ve got to admit, I don’t see it going that low but I wouldn’t mind it. I’m more curious about how low BTC and ETH will drop.
How much further can the crypto go?
Its not an invesrment!! its a cool way to save money!
im buying gold and plan to sell when the timing is right when this recession hits so i can buy me some land for cheap and gold will be at a high
🤜🤛
Buy strategic metals too, bismuth and indium in particular.
But where do you find a buyer?
@@go4it129 it's difficult but that's the point. It prevents you from selling every time your car breaks down or you lose your job.
An interesting comparison might be to look at peoples spending, Stacking vs. Luxury/Material goods. I would think in most cases, you are at much less risk to loose as much money buying Precious Metals as opposed to trying to get cash from selling your unessential/luxury goods.
Do you really need that second $5k carbon mountain bike, or iis the $2k bike enough, and the rest of that money would be better going to; investments/cashfund/PreciousMetals?
With unessential luxury goods like (bikes, fancy clothes/sneakers, jewelry, cars, etc) you will likely have trouble recouping even 70% of their original purchase price even if they are nearly new (Ebay, craigslist, Pawn Shop). Where on the other hand people complain about PMs and call out loosing out on Premiums when having to sell their PMs (like to an LCS). You are probably talking in the range of 10-20% loss selling PMs by comparison (if PM prices stay consistent).
I appreciate you and channel. BUT HOW LONG CAN YOU GO WITH SAME HUMDRUM 😂
As long as politicians do I would imagine
I am back to stashing cash! U get fleeced on PMs and cash!
Can anyone explain why the spot price at CNBC is now different than spot price at SDBullion?
SD bullion , APMEX and JM
Bullion have the highest spot price. SGB goes by ignite. They’re spot is about the same as Kitco. I live in a metro area of 2.2 million. All the dealers here go by Kitco
Gold , the king of money and the money of kings.
The man loves his pocket knife!
I’ll take my chances.. I’ll keep buying..
I want metals to lose their value. It essentially means the dollar is strong which is a good thing. However, i understand that is not going to happen. Thank you for this video.
I’m always happy with net positive.
who cares if the $ is strong its fake money
As Rick Rule says, "I want the price to go down because I want to buy more."
You mean a 0.5% loss on silver YTD. .5; point 5 or 1/2 of 1 percent. Not 5% like you said.
My gold is my guarantee in case we hyperinflate like Argentina
16-hundo yellow would be awesome!! 🎉
Still Here...
Appreciate it. 🤜🤛