If you think of gold and silver as investments. Don’t buy them because you will lose your sleep. Gold and silver are for insurance against the dollar. You bought car, house and life insurance. Those insurances will get your money back if you use it or not. Gold/silver will save your families from starvation on the dollar collapse.
Confidence in the US dollar is vanishing by the day. Confidence in the US dollar is disappearing a lot faster than the US government is willing to admit. All of the central banks are buying gold because they don't think the US dollar will be very useful in international settlements soon. So indeed, physical gold and silver. Provide one with a way to buy basic necessities for the family in times of crisis.
I have a collection of currencies that failed. The Roman denarius, the USSR coinage and bills, Zimbabwe trillion dollar notes. I wonder how long it will be before the US $100 bill will be the price of a cup of coffee?
US is printing dollars endlessly... National debt will pass 35 Trillion soon.. Buying gold is a real win for public... Inflation will eat you alive unless you have some real wealth like gold...
@@kenofken9458 and they are perfectly happy to accept my bullion when I trade that in, too. Gold is going up every day. Or is it just that the dollar is slipping?
@@helenefalk500 Bitcoin doesn't just keep powering higher. It's value has fallen off the cliff before and will do so again. It also has zero intrinsic value or very close to it. It's not a functional currency and it solves none of the problems its fanboys said it would. It's not at all untraceable. It's settlement process is pathetically slow and often expensive. It's far to volatile to use as a currency. It's a speculator's asset, nothing more. 99% of it's value, at least, lies only in the FOMO phenomenon and the lure of making a quick buck. Gold and silver are ok for preserving wealth against inflation erosion, but they rarely do much better than that. The only people who consistently make money on gold are dealers. They make money on both the sale and purchase. If you bought an ounce of gold in 1982 and held onto it, you'd be a lot better off than if you had put that $447 in a drawer someplace. You'd have come out about a thousand dollars ahead in real dollar terms ($447 in 1982 had the purchasing power of $1,460 today) On the other hand, had you bought up Apple stock with that same money, you'd be a millionaire many times over.
Gold is not an investment. It’s a store of value. 100 years ago, an oz could buy you a suit. Today, an oz can buy you a suit. And an oz will buy you a suit 100 years later.
Gold should be held for 5 to 10 years or longer. Over that time period is when you average the ups and downs and you get closer to the long term average of 9.7%
Dial the chart back to 1971 when USD came off gold standard. $35 to $800 during 1971 to 1980. Then declined to $250 in 2000 and ran up to $1900 in 2011. Then bear market to $1050. Today broke $1900 barrier and here we are $2350. It has outpaced and protected the holder from massive inflation.
seems that guy did not understand GOLD .. he did not change one currency into another !! he change a printed paper iou ( fiat paper ) inte a hard ASSET - GOLD only PMs are money - everything else ( yes - all your sheets of printed paper ) are only CREDIT !!
The real gold for me are the 5 bank owned condos/townhomes I bought in Vegas back in 2008 for $15K-$19K each. These rentals brings in $1800-$2400 income every month. I bought them when I was 21 per my dad's advice. Thank you dad for encouraging me when I wasn't sure. Miss you. Gold or any other metal will depreciate, never a good investment.
I like your real estate comments; wife and I have done the same. But you got it wrong on gold & silver… they WILL appreciate in value, however they do so over the long-term. The only good way to hold them is long-term, with a cash emergency fund, so that you can eventually sell them (or pass them on to loved ones) at a time of your choosing vs a panic sale.
It’s better than keeping money in the savings. It takes a lot of time growing savings, one day bank decides to print a lot of money your savings value will be reduced a lot.
hi so when you want to sell there is 0 tax after 22years , its 5% less in tax after the third year, if you sell after 2 years its 30%tax on gains these 2 cases are if you are positive with the price you bought , if you sell in the red of course you have no tax, from 2007 the price on every bars of gold are x6 or x7
super galactic genius 👏 welcome to costco Bank ink 🏦 I would ask a bank for a separate line of credit to protect my initial investment through my assets just to be safe. gold is very precious 💸 💰 🤑
Because the dollars value is going way down ! Because of crappy policies! Printing money over spending and funding wars all over the globe are the problem
@@mpetty9947 Not that fast. We had a couple of decades of almost negligible inflation prior to the last couple years. For all of the talk about how fiat and the dollar is going to collapse completely Any Minute Now, it's still the currency most used for trade and wealth reserves in the world. Despite all the buzz about crypto and some magical BRICS currency, the dollar is still king and will be for a while. The precious metal dealers who like to feed the fiat collapse panic are, curiously, very happy and in fact quite eager to accept those "worthless" dollars. Like everyone else, they maintain investments in stocks, bank accounts, real estate etc. All denominated in...dollars.
When Costco starts selling gold it's a clear signal to get out of gold. If gold is so great why is Costco selling it to the mooks instead of keeping it.
Went to costco with a former boss, only good deal I saw was a big package of blueberries for $5.00. The booze cost the same as wallys world. If you buy in bulk you burn out on the products.
If you aren't looking at Gold or something similar at this time, you'd better start paying attention to what's happening to the dollar. Get ready for a 20 dollar egg. Inflation is going to destroy our buying power.
Your savings are your worth, and when the currency is debased it is the congress that is stealing your worth. Gold is how you store your worth and not have it stolen from you. Do not think that gold is an investment, It is you storing your hard labor that you can exchange in the future without it being devalued.
US is printing dollars endlessly... National debt will pass 35 Trillion soon.. Buying gold is a real win for public... Inflation will eat you alive unless you have some real wealth like gold...
Wag masiyado kasi pag nag start na mga bansa na ipalit ang local currency nila sa gold babagsak ang prices niyan at di ninyo maibalik halos ang price niya noon. Baka isisi nanaman ninyo sa USA
Gold used to be the world's currency. If you had to revalue gold to make up for all the money printed out of thin air it would need to be over 40k an ounce. Do I think gold is cheap. No, it was cheap in the 2000s at sub $400. It's currently at an all-time high. That being said, it worth what it is selling for today at < 2.4k per ounce. If you truly believe the government has our best interest in mind, please ignore this advice.
Yup. The problem is ppl are allergic to learning new stuff, so when you try to explain BTC and how to obtain/use/store it, they just dismiss it as too complicated.
@@alancadieux2984 A LOT of gold bars have been faked. But Costco can’t risk selling them, so you know they’re scanning what they get with a Sigma Analytics Verifier. My money. 😎
If you think of gold and silver as investments. Don’t buy them because you will lose your sleep. Gold and silver are for insurance against the dollar. You bought car, house and life insurance. Those insurances will get your money back if you use it or not. Gold/silver will save your families from starvation on the dollar collapse.
Confidence in the US dollar is vanishing by the day. Confidence in the US dollar is disappearing a lot faster than the US government is willing to admit. All of the central banks are buying gold because they don't think the US dollar will be very useful in international settlements soon. So indeed, physical gold and silver. Provide one with a way to buy basic necessities for the family in times of crisis.
Exactly, it is coming.
Yes it is.
I have a collection of currencies that failed. The Roman denarius, the USSR coinage and bills, Zimbabwe trillion dollar notes. I wonder how long it will be before the US $100 bill will be the price of a cup of coffee?
US is printing dollars endlessly...
National debt will pass 35 Trillion soon.. Buying gold is a real win for public... Inflation will eat you alive unless you have some real wealth like gold...
It's better than buying Starbucks everyday...
you know you are going to buy starbucks anyway
@@DrSchor no way...gross
Trade in the fake money for the real money!!!
Costco and every other bullion dealer is ever so happy to take that "fake money".
@@kenofken9458 and they are perfectly happy to accept my bullion when I trade that in, too. Gold is going up every day. Or is it just that the dollar is slipping?
@@kenofken9458 But everyday that USD "fake money" buys less and less thanks to inflation. Gold and Bitcoin just keep powering higher in terms of USD.
@@helenefalk500 Bitcoin doesn't just keep powering higher. It's value has fallen off the cliff before and will do so again.
It also has zero intrinsic value or very close to it. It's not a functional currency and it solves none of the problems its fanboys said it would. It's not at all untraceable. It's settlement process is pathetically slow and often expensive. It's far to volatile to use as a currency. It's a speculator's asset, nothing more. 99% of it's value, at least, lies only in the FOMO phenomenon and the lure of making a quick buck.
Gold and silver are ok for preserving wealth against inflation erosion, but they rarely do much better than that. The only people who consistently make money on gold are dealers. They make money on both the sale and purchase.
If you bought an ounce of gold in 1982 and held onto it, you'd be a lot better off than if you had put that $447 in a drawer someplace. You'd have come out about a thousand dollars ahead in real dollar terms ($447 in 1982 had the purchasing power of $1,460 today)
On the other hand, had you bought up Apple stock with that same money, you'd be a millionaire many times over.
@@helenefalk500yes. And Costco is happy to give you gold and take your fake money
Gold is not an investment. It’s a store of value. 100 years ago, an oz could buy you a suit. Today, an oz can buy you a suit. And an oz will buy you a suit 100 years later.
I'm getting ready for 100 dollar cups of coffee by buying gold. It's coming unless there's a miracle.
skyrocket to $5,000.00 an ounce
By end of year
Even double that again as the Dollar collapses in value.
Costco is the best! Don't forget the silver, too!
“I can see the dollar signs in your eyes” made me spit-take my coffee everywhere SMH 😂😂
I bought during Covid. Was thinking in 2020 I made a mistake. Gold has helped me see I made a great choice buying at low prices
Gold should be held for 5 to 10 years or longer. Over that time period is when you average the ups and downs and you get closer to the long term average of 9.7%
It’s gonna raise the price of gold
Pretty soon thieves will be going after Costco…
Literally ANY COIN SHOP in ANY CITY sells these.
Dont need costco
Depends on the premiums, also if you can get the 3% cash back using the Costco card. I haven’t looked into it yet but could be an option.
People not realizing that if the dollar collapses food will be much more valuable than gold
A collapse means that the dollar is worth less but gold will hold its value allowing you to buy food. Gold is a hedge, diversify!
@@bulldogleon9395 not when you are hungry
Dial the chart back to 1971 when USD came off gold standard. $35 to $800 during 1971 to 1980. Then declined to $250 in 2000 and ran up to $1900 in 2011. Then bear market to $1050. Today broke $1900 barrier and here we are $2350. It has outpaced and protected the holder from massive inflation.
seems that guy did not understand GOLD .. he did not change one currency into another !! he change a printed paper iou ( fiat paper ) inte a hard ASSET - GOLD
only PMs are money - everything else ( yes - all your sheets of printed paper ) are only CREDIT !!
Yes
The real gold for me are the 5 bank owned condos/townhomes I bought in Vegas back in 2008 for $15K-$19K each. These rentals brings in $1800-$2400 income every month. I bought them when I was 21 per my dad's advice. Thank you dad for encouraging me when I wasn't sure. Miss you. Gold or any other metal will depreciate, never a good investment.
I like your real estate comments; wife and I have done the same. But you got it wrong on gold & silver… they WILL appreciate in value, however they do so over the long-term. The only good way to hold them is long-term, with a cash emergency fund, so that you can eventually sell them (or pass them on to loved ones) at a time of your choosing vs a panic sale.
The Dollar may collapse to NOTHING. I hope you all bought as much Gold and Silver as you could afford to buy.
The dollar will collapse.
Costco only allows you to buy 1 bar per membership
Its a question of when and how, not if.
Gold is money . Everything else is credit . .............( J.P. Morgan 1912 ) .....!!!
How do you not have any comments after an hour with nearly 5 million subs?
Those are fake Numbers... Great eye though! The Power will Never admit the truth so you have to be wise enough to figure it out yourself
As demand increases so will the price
Owning Costco stock has been a much better investment than buying gold.
Gold is not a investment!
It’s PRESERVATION of the wealth you already have against inflation .
Lol genius move for Costco. They better beef up their security
#Gold & #Silver to the 🌕 baby we out 🚀. Getchu something thats 100% private and a store of wealth at the same time.
It’s better than keeping money in the savings. It takes a lot of time growing savings, one day bank decides to print a lot of money your savings value will be reduced a lot.
hi so when you want to sell there is 0 tax after 22years , its 5% less in tax after the third year, if you sell after 2 years its 30%tax on gains these 2 cases are if you are positive with the price you bought , if you sell in the red of course you have no tax, from 2007 the price on every bars of gold are x6 or x7
super galactic genius 👏
welcome to costco Bank ink 🏦
I would ask a bank for a separate line of credit to protect my initial investment through my assets just to be safe.
gold is very precious 💸 💰 🤑
Every nation is getting ready to move to gold and silver! Buy as much as you can now!
Because the dollars value is going way down ! Because of crappy policies! Printing money over spending and funding wars all over the globe are the problem
The dollar remains stronger than most of its peer currencies.
@@kenofken9458 As they ALL drop in purchasing power, very fast compared to historical norms.
Yeah if our government didn't have its finger on the printing presses we wouldn't have to run to gold.
@@mpetty9947 Not that fast. We had a couple of decades of almost negligible inflation prior to the last couple years.
For all of the talk about how fiat and the dollar is going to collapse completely Any Minute Now, it's still the currency most used for trade and wealth reserves in the world. Despite all the buzz about crypto and some magical BRICS currency, the dollar is still king and will be for a while.
The precious metal dealers who like to feed the fiat collapse panic are, curiously, very happy and in fact quite eager to accept those "worthless" dollars. Like everyone else, they maintain investments in stocks, bank accounts, real estate etc. All denominated in...dollars.
@@chrisbytwerk3712 Did you send your Covid "stimulus" checks back uncashed?
If not, you're one of the beneficiaries of that printing press.
When Costco starts selling gold it's a clear signal to get out of gold.
If gold is so great why is Costco selling it to the mooks instead of keeping it.
🚀 GOLD 🚀 Silver 🚀
if everything goes to hell gold wont save you only weapons will save your gold for me ill come pick it up later lmao
Went to costco with a former boss, only good deal I saw was a big package of blueberries for $5.00. The booze cost the same as wallys world. If you buy in bulk you burn out on the products.
People and I think even Costco claims that they only make money on membership fees and not on selling products. I call BS!
If you aren't looking at Gold or something similar at this time, you'd better start paying attention to what's happening to the dollar. Get ready for a 20 dollar egg. Inflation is going to destroy our buying power.
Already is, thanks to Meat-Puppet Joe’s bidenomics.
back to real money, gold and silver.
Why not buy them those gold bars now??
were Costco guys,
of course we buy gold
Can’t afford to buy gold 😂😂😂😂
Most of us can't but the news likes to make it look like everyone in America is rich.
That's Exactly How they get you and make you a slave in modern times!
Theres always silver😮
Your savings are your worth, and when the currency is debased it is the congress that is stealing your worth. Gold is how you store your worth and not have it stolen from you. Do not think that gold is an investment, It is you storing your hard labor that you can exchange in the future without it being devalued.
US is printing dollars endlessly...
National debt will pass 35 Trillion soon.. Buying gold is a real win for public... Inflation will eat you alive unless you have some real wealth like gold...
its the oldest new bit coin
Wag masiyado kasi pag nag start na mga bansa na ipalit ang local currency nila sa gold babagsak ang prices niyan at di ninyo maibalik halos ang price niya noon. Baka isisi nanaman ninyo sa USA
Excellent investment!👏👏👏pass it down to your kids…grand kids….
Every Indian family
Going - we told you so
Paper currency has been trash ever since it was taken off the gold standard
I think its a great idea
Gold used to be the world's currency. If you had to revalue gold to make up for all the money printed out of thin air it would need to be over 40k an ounce. Do I think gold is cheap. No, it was cheap in the 2000s at sub $400. It's currently at an all-time high. That being said, it worth what it is selling for today at < 2.4k per ounce. If you truly believe the government has our best interest in mind, please ignore this advice.
Cash Money and Bitcoin are Space Bucks.... worth LITERALLY ZERO, NADDA, NOTHING
Bitcoin!
Sux!
Back up the truck while you still can
lol people buying above spot
Im guessing I tipped you off
gold is over 2300 dollars i would not buy it now wait for it to come down
What if you have to wait a decade or more?
@@Manskilz people are dumb like you im just trying to help
Lol btc only way to go
Yup. The problem is ppl are allergic to learning new stuff, so when you try to explain BTC and how to obtain/use/store it, they just dismiss it as too complicated.
… bankrupt! 🤣
M Strahan funny😅
BUY BUY BUY Gold & Bitcoin
USD is reserve currency 💲 but americans going for gold lol 😂
Now if Costco would sell Bitcoin too, that'd be great
And they need to sell lottery tickets, roulette chips and bingo cards. 🤣
😂😂
WW3
gold is just an inferior form of bitcoin.
bitcoin is just an inferior form of casino-like speculating
Did he actually get a real gold bar or a fake one? There is a risk of counterfeit, if you cannot check it well, don't buy it.
99.99999% confidence these Costco bars from Pamp Suisse are authentic.
@@slapdat.byteme interesting 🤔 those are actually the ones that have been known to be faked. Your money 💰
@@alancadieux2984 A LOT of gold bars have been faked. But Costco can’t risk selling them, so you know they’re scanning what they get with a Sigma Analytics Verifier. My money. 😎
Bitcoin is the key
👍🏽
… to the poor house.
@@slapdat.byteme The govt can freeze and seize your fiats stocks etc, but they can freeze my BTC. A little education won't hurt you, try it out.
🏆🎗️⚖️💰
bitcoin