Hold gold but hope it doesn't go up - Dominic Frisby
Вставка
- Опубліковано 25 тра 2023
- The key argument for gold is insurance, said Dominic Frisby, author of FlyingFrisby.com.
On May 6, 2023, Frisby spoke to Kitco at Deutsche Goldmesse in Frankfurt, Germany.
Frisby gave the rationale for gold.
"I'm a big believer in the maximum of putting five or ten percent of your net worth in gold and then hoping it doesn't go up," said Frisby, noting the metal's longevity as a store of value. "The instinct for gold is the most deep-rooted commercial instinct in the human race. In a nutshell, that is why you should own gold: because there is a permanence to it that no other substance has."
Frisby said gold does best when trust in the system is low, noting heightened culture wars and other conflicts.
"Financial crises seem to get more frequent," said Frisby. "You can just feel trust in the system generally eroding."
Frisby is a fan of Bitcoin and believes investors should hold both.
"There's a real generational divide between gold and Bitcoin," said Frisby. "Bitcoin has proved to be the most fantastic educational tool. It has educated people about fiat money and the nature of money."
Coverage of Deutsche Goldmesse 2023 sponsored by Defiance Silver.
0:20 - Why hold gold?
6:12 - If you buy gold, what are you insuring yourself against?
7:50 - Bitcoin vs. gold
__________________________________________________________________
Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.
Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - applications.kitco.com
Stay connected with us
Twitter - / kitcomining
Instagram - / kitcomining
LinkedIn - / kitco-mining
Facebook - / kitcomining
Connect with the Kitco Mining anchors
Michael McCrae - / michaelmccrae
Paul Harris - / paulharrisgold
For more in-depth mining coverage, visit us here - www.kitco.com/mining
Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.
Best interview I've ever seen find the time and listen !!
Fantastic guest 🎉🎉🎉🎉🎉🎉
"gold 🥇 is the sweat of the sun 🌞, silver 🥈 are the tears of the moon 🌚"
Quick trivia Q for everyone: In the book, Dorothy’s shoes walking the yellow brick road were what colour/material? 😊
How can you access bitcoin when grid is down ?
You can’t it’s probably it’s biggest flaw. It won’t exist if that happens. All going well it will exist along with all the other crappy digital stuff, only it’s better technology and safer to use, but probably better with monero
If the grind goes down and doesnt come back up, the last thing you will want is gold or bitcoin... You will want bags of rice and fresh water...
@@Meyohe you won’t be buying them with BTC that for sure
@@garryallison4716 yeah or gold for that matter...
@@Meyohe if you have then you can access it. Do you think they will be giving food away for free in that situation. Look, I like BTC and monero, got shafted and now it’s all gone. The internet is so effin dangerous for the normal person. In fact I wouldn’t be surprised if the deep state/ WEF developed all this crypto shit. The only real money is gold and silver that’s why they want it-all!!
I still don't get how bitcoin, if based in fiat, could be worth anything, after the fiat currencies are totally collapsed ?
It's not based on fiat. it's priced on fiat. We could price it in grams of gold if we wanted to or lbs of sugar.
They are able to manufacture gold, but we need electricity to produce gold. The cost of electricity to manufacture one once of gold is millions of dollars
.
dont be silly
AI, another big time buzz word enters the market space. Meanwhile we drive our model Ts and wait for the diesel chew chew train to pass.