So many comments! 😂 Hopefully I’ll be addressing the oft-used and incredibly laughable claim that I don’t know what I’m talking about when it comes to crypto in an upcoming live stream. I had a 35-year career in technology and in cybersecurity specifically and I understand the underlying tech, use-cases, and risks with Bitcoin, altcoins, stable coins, and exchanges far better than you may think. I can assure you that if/when crypto truly becomes a threat to governments, central banks, and their sovereign currencies (El Salvador doesn’t count 😂) the powers-that-be CAN and WILL remove the threat. The vulnerabilities to just the on/off-ramps alone are ridiculous ! I started researching and studied Bitcoin, blockchain, and other competing DLTs like hashgraph over a decade ago. Roughly when I got into real estate via Private Mortgage Lending. You may want to check that true investment out and learn something about steadily building wealth with reliable cash flow without engaging in Draft Kings-like “investing”: ua-cam.com/play/PLBpWNGgrbSj2pzbqwiAIaMxdcQ6EsyPoH.html&si=emoLBLSldEG-t6NK As far as crypto is concerned, I’m not gonna waste my breath responding to all the comments point-by-point. It’s mostly an effort in futility. I would encourage you, and any other crypto-enthusiast willing to get out of the echo chamber, to read this recent post: thebubblebubble.substack.com/p/24-reasons-why-i-dont-believe-in (I’m actually working on a potential interview with the author.) Finally, I will CONTINUE to warn people to the truth about Bitcoin and its THOUSANDS of pathetic offspring-that they all constitute the largest “greater fool” pyramid scheme we’ve ever witnessed. Not technically a Ponzi scheme, though Charles Ponzi would be super impressed. In all seriousness, I fear that Bitcoin et al is destined to destroy generations of wealth and rob our youth of any remaining hope of a good financial future. Crypto is a scam. A con. An existential threat to our country’s economic future-especially if Donald Trump and others in our government are crazy enough to create a crypto reserve! We need to expose current crypto for what it is-a reckless gamble, not an investment-before it helps usher in a CENTRALIZED digital currency (CBDC) and the monetary dystopia which that would bring!
@@YankeeStacking it’s not a matter of do you know what you’re talking about. The problem here is you believe your information to be the end all. It’s insulting to those of us who are not in the Echo chamber as you say. All the laughing faces and crying faces and all that just makes you come off as immature. Just my two cents obviously you’ll leave it.
@@YankeeStacking that's is awesome! I have major concerns as well. But sounds like if you invested 10 years ago, when you were researching, you'd be rich as fuuuuck by now.
Are you familiar with her? Her remarkable success story has garnered widespread attention, and she's built a reputation for being extremely reliable and trustworthy.
Bitcoin is an ego test. It also just happens to be the greatest performing asset of all time. You will purchase Bitcoin one day, and you will get it at the price you deserve.
How does one invest money in God? Why would any god be interested in money? Why would you invest money in guns? Have you made, or expect to make a large profit reselling pre-owned guns?
Gold, Silver, and Bitcoin are all great ways to protect yourself from Fiat money. I suggest everyone to own all 3. You two really haven’t done your research on Bitcoin and it shows.
Just because you don't understand something, doesn't make it worthless. If you can't see the value in being able to store millions of dollars in a digital locker, safe from even military grade computers and carry that money with you anywhere you go in the form of a password saved in your head, then you'll probably always be poor.
Michael Saylor said sell your physical gold and buy crypto. A brilliant and subtle way to confiscate your gold. Trade your physical gold for crypto and be left with nothing.
Gold and silver are referred to as Gods money by some. Gold is a good hedge against fiat currencies which is why in bad times the price increases and in good times the price is devalued. Gold has been related by some to a fine-tailored suit to show it's value. For instance, in 1900 you could buy a fine-tailored suit for an ounce of gold. Now, you could buy a fine-tailored suit for an ounce of gold. Bitcoin is a speculative store of value. The only reason it is not called a security is because there is no one company or person that owns it and it is not valued based on the value of the person or company. I'm sure there is more to it but I am just a simple person and not a politician that writes the rules.
The gold people said for years ‘Don’t buy Amazon,it’s the river of no returns’. So I didn’t. Thanks Gold FUDS. You can buy Gold, Silver and BTC. BTC people are on your side and you are to blind to see it.
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
True. its also true that you do that in order to have some of your money left when one or more of the items in the basket FAIL. It won't be the gold or silver that fails.
@@libertybell7145 Why not? They're basically just pretty rocks that do little to nothing. NB4, "muh silver circuits," in the scenario you're eluding to it's a total collapse so pretty rocks won't do much either.
People have been saying gold is going up to $6k for over 10 years. The gold and silver that I bought 14 years ago went up some, but the crypto I bought 5 years ago went waaaaaaay up. I only wish I spent those thousands on Bitcoin instead of gold. This old guy doesn't know that cashing in crypto is easy.
Crypto currencies are encrypted transaction databases. BTC is an encrypted receipt for itself Understand how it works. There are many online encryption site, try one out.
Old people don't get it. It's internet money brother governments can't take it no one can shut you down. It's the most secure network. Some people don't want to change which is fine.
The fact that most btc people think gold and silver are also good, and it seems gold people hate btc…says a lot. Gold people are threatened by btc for some reason?
This was interesting, I understand if people are "against" owning, btc, however a wider discussion regarding the digital economy should have been addressed. For decades we have been transacting digital payments with credit/debit cards. By now in 2024, you can reject crypto all you want, but the whole crypto space isn't going to 0. If you can't accept a new system is coming, that's fine, you will use these digital stable coins without even realizing it anyway. There are a lot of projects in the crypto space that have real utility and use cases. To completely reject all of it is pure ignorance, though, imho.
Excuse me, but the U.S.DOLLAR still exists even though it has NOTHING TO DO with either silver or gold. Cryptocurrencies also have NO BASIS in either silver or gold.
@@tjmmcd1 True enough, but the electronic infrastructure that makes cryptos possible would be severely impacted without silver in those electronic devices.
I've been watching your interviews with Tim for a couple years. I very appreciate and value what he has to say about politics, geo-politics and precious metals. He's only human like everyone else and it becomes a little obvious when he expresses his opinion about bitcoin. While he is certainly entitled to his opinion, I'd like to point out the conflict of interest he has as a dealer in precious metals. I've never once heard him acknowledge his own conflict of interest or admit that he is biased toward his industry. There's nothing wrong with having a bias, but there is something wrong with failing to admit that bias.
Can we get Tim to talk about how America was entirely funded by tariffs and the years taxes were implemented and removed and reimplemented to pay for wars up to the point that Americans forgot that tariffs were how we funded the government.
It reminds me of my brother who suffers from schizophrenia saying “Bitcoin is like real money… but it’s fake. It lives in your imagination… or in the air all around us” 😂
An average home in America could be bought with millions of bitcoins 15 years ago. That same house could be purchased with 3.5 bitcoins today. How is that nothing? FIAT is failing and both PMs and BTC are my hedge against its fall. BTC is proving to be the strongest of the 3 at this time.
I'm more concerned that global banks create a gold-backed reserve crypto that they only trade among themselves. A second economy that we don't get to participate in but that still dictates the value of ours.
The only gold that got above spot when I sold was Golden Eagles and buffaloes, and the silver racket is full of peasants. I’ve done the metal market made some money did well over six figures I will never do it ever again. Definitely not the future.
Idk guys the crypto has worked in my favor in the past and it’s working right now. I’m already taking into account cap gains. Regardless, let’s go America!
Respectfully, it doesn't seem like you understand Bitcoin or the Blockchain very well. It's real self sovereignty in a digital form that has properties that Gold doesn't, and Gold has properties Bitcoin doesn't. I really don't understand why people in both precious metals and crypto are against one another, it's more choice?!
It seems a common fallacy to think that something digital (like a software or digital information in general) is "virtual" and therefor does not exist. Bitcoin being a digital asset does not mean it exists less than a physical asset. The full ownership of your private keys (meaning concretely the knowledge of your wallet's passphrase) is as real as holding a gold coin in your hand. The point is societey has to keep thinking Bitcoin is valuable for its properties, like they have been doing with gold. Saying Bitcoin is "virtual" is like saying gold is nothing more than a yellow rock.
Self custody of Bitcoin is holding a piece of information aka the private key that gives you and only you access to value on the blockchain, owning physical gold is owning an object that only you have. The difference is that the physical object can easily be taken from you, you can hide it somewhere but it can be easily found compared to finding the private key which is as difficult as trying to guess one atom in all of the atoms in the universe. The only risk to Bitcoin is if the Internet itself was somehow shutdown but other than that it's superior to gold in almost every way. Information is more powerful and more fundamental than physical matter.
@@stevestevens502 I agree, I was ignorant to crypto until a year ago. I think the thing is most metal guys think crypto is meant to be a replacement for metals because it has the word currency in it, and a lot of stackers are older guys that don't understand that they're potentially losing out on massive gains in the crypto space. Crypto is more like the stock market IMO. Usually stocks and crypto have an inverted relationship to the metal market, all are based on speculation. You will see better gains in crypto than stocks, both typically have better gains than metal. I'm treating some of my crypto as stocks, going to pull gains and buy more metal to retain the value.
The thing is, you can't buy much of anything with gold or silver, whereas there are plenty of retail stores, as well as gold and silver dealers, that take crypto. You tell me which one is more practical?
I love Tim and say this with the greatest respect. He is wrong about BTC. has traditional finance gotten involved? Yes. But they're also manipulating gold so it's really a moot point. Buy both.
I sold bitcoins that i bought for 20k, for 103k, i dont care what you say, ive realized waay more profits than gold or silver or stocks with crypto currency. When i wanted to sell gold and silver, i had to drive an hour, wait my turn, and lost on the premium..... i dont care what you say....
Bitcoin already is the primary store of value for many around the globe. Safer and harder to seize and transport. It really doesn't have to be a competition. Both are phenomenal.
Is crypto highly volatile and speculative? Yes. But $25K invested in gold vs Bitcoin in 2019 would today be worth $50K gold, $500,000 Bitcoin. That is a life changing amount for most of us. If you think it’s going to collapse then cash out, take the money and run. Buying gold and silver is a great place to store and preserve your wealth especially vs keeping in the bank. But you won’t get wealthy. In the past month, cryptos have exploded and many have gotten life changing returns . Will crypto be around in the future? Who knows but thanks to crypto I can buy a home and pay cash for it now. I realize this is a gold /silver channel and I enjoy your content, but crypto has helped many folks get ahead in life. Not investment advice. 😁
People laughing at blockchain don’t understand. I imagine 8000 years ago everyone was laughing at the guys trying to get everyone trading over some shiny yellow rocks
If people dont understand that you have to pay capital gains are just silly, but just because you have to pay 15 to 20% should not stop you from investing@mikefranklin1253
It's not difficult at all for us to cash out Bitcoin, and also it absolutely is a loss of faith in the dollar. Inflations of fiat currency outpaces my wages, why would I have faith in something like that?
Yankee, some bullion dealers are now reporting that refiners are now melting down 90% Junk Silver due to massive amounts of people selling Silver. Sad!
Melting silver, 90% and gold going outside the USA are red alarms. Folks should STOP selling to these burn and churn outfits. This is the time to buy and hold. Tariffs, bitcoin, pain and misery is a bad pot of stew.
I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
4 years ago, you had a lot of doubt in Bitcoin, and it has done 10x in 4 years. You should be diversified, but it is not just a grift. Even if you pay capital gains, its still moves more than gold. Look into what they are doing with XRP and central banks
Doesn’t even have to be an EMP knocking out switching stations and substations is very easy. According to the FBI we currently have over 4,000 foreign terrorist cells in the US. So what would be their easiest target?
@@bobmalooga335it a matter of a cascading effect. However if you don’t have pose you have zero access to your digital currency. It also means you will not be able to travel to someplace that has power.
@@bobmalooga335but they can knock out the worlds internet! Then what you going to trade dead computers? I have crypto myself but it’s fun money if it disappears I’m ok! My silver and gold are in my safe!
And if crypto is imaginary money, why does literally every online dealers of silver & gold accept, and have prices if you pay in e-check /wire:; bitcoin/crypto:; & pay pal/ card,
I have crypto. I don't like it. Maybe if the world was a nicer place and you can trust the system. Many issues pop up from your hard wallet stopping to work, you can't get into the exchange, no customer service, your power goes out where you live, software upgrades, coin upgrades. Try taking a few thousand dollars out of the bank with your bitcoin transactions. Lots of stuff happens. I'm in my 70's I don't want to be bothered. I still have a few coins and I'm looking forward to a time when I don't feel bad getting out. God's money is organic. It feels right.
Reserve banks are buying BTC right now. 16 nation states are now buying. You can’t liquidate gold or realestate as fast as you can liquidate BTC or RXP
@Manetho72 You'll figure it out way too late Cupcake! While I'll be able to feed my family, you'll likely experience heartache and hunger if you give fundamentals the middle finger. Enjoy your future poverty since you know nothing about monetary history.
im a happy sucker ,gold should have gone to the moon by now wars all over the place printing money and gold just stutters along ,wake up and smell the coffee
@martinwilby8942 You need a paddle for that river of denial that you're brain locked in. You'll be controlled by the bankers and subservient to them, while the rest of us can duck out of the way of the inevitable collapse of your fiat. Nice knowing ya, slave!
I continually see people bash Bitcoin and have no idea how it works. It's easy to bash something when you don't understand it that's human nature. The point is Bitcoin is vaild and viable. It's not in competition with Gold, it has its own lane.
I have never had a problem selling my BTC. I have gold & silver also. Unfortunately this guy knows nothing about BTC, you are talking to someone that makes a living selling gold and silver. I trade BTC 24/7, can’t do that with g & s.
Bitcoin isn't the only crypto and won't ever replace gold. You sound like back when people thought the internet was a fad and nobody would buy something on there. It's the future of finance and can't be stopped the genie is out of the bottle.
I would take $100,000 worth of Bitcoin over gold any day. I hold Bitcoin, gold and silver. People need to educate themselves on Bitcoin. There is nothing on the market like Bitcoin. Once you educate yourself on Bitcoin, then you will understand.
At what price will you decide that it is time to look seriously into Btc? When it hits 200k? 500k? It’ really funny how mad and defensive people get about Bitcoin. “You might want to get some, just in case it catches on. “
I own pm and crypto. Buy both! The only thing with pm is if you want to relocate perhaps to another country, how in the world are you gonna move your stack??
When you trade an ounce of gold from a dealer, you normally forfeit about 5% at the buy and the sell to the dealer. The dealer always wins. Like a betting bookie. He only has to provide the Cash and metals pool within the exchange.
Thank You Both. Your Video came on line Just in Time. Wife Did my Laundry and said She smelled Perfume on my Collar. I said "not Now Honey Yankee's On... 5 Minutes in and i am still Safe... Just Kidding everyone
Saying Bitcoin is created out of thin air is an instant tell that you don’t know what you’re talking about. I’m not sure why the gold and silver channels are obsessed with their preferred investment. I’ve got BTC, gold, and silver, and by far, BY FAR, BTC has been the best return.
@ again, this is a tell that you have no idea what you’re talking about. I’m not trying to be rude, I’m trying to let you know that you don’t know the fundamentals of Bitcoin.
@@jeromeschmidt7805 so tell us what is bitcoin created out of if not thin air? It’s literally the greatest Ponzi scheme ever. Everyone is betting that the value will go up so it is all based on the idea that it will continue to rise so the buyer will pay a premium to the seller for air. It has zero value beyond good wishes.
Btc is money (not a conductor) . Utililty is not a property of money .. utility it is agaist money. This are basic people ... Everyone wil get btc at the price they deserve
In the event of natural disaster or war at least physical assets such as gold and silver will help us to move one place to another and also use to purchase our daily needs items.
This rivalry is retarded. BTC has value for the same reason gold has value. Both are a measure of the time and energy spent to create them. Bitcoin doesn't just come from thin air. Bitcoin mining rigs use electricity, which costs money. The machines cost money too. Someone has to be there to run them and maintain them. Someone has to pay the rent where they are kept etc.
@ if you don’t hold it you don’t own it. Crypto can disappear with the flip of a switch or crash of the power grid. The grid is very easy to crash and could take up to nine months to restart. Where’s your crypto then?
I hold and own a cold storage wallet which I can connect to the blockchain as easy as plugging in a USB cable. You know the USB cable? It's like a phone cable but you plug it into a computer to transmit data😂
In 2017 it cost 125 BTC to buy a house... In 2022 it cost 22 BTC to buy a house... Same can't be said about housing priced in Au or Ag and we all know how much housing went up between those years. Do your own research and don't get emotional about investments. You'd be stupid to not buy all 3. I feel stupid for not getting into BTC sooner like I did with Au and Ag but better late than never.
For anyone that is against Bitcoin please look deep into it,. Find out how it works and how it's created. Most people are uneducated about Bitcoin and just don't understand it.
Has anyone heard where the gold reserves of Syria were moved to when Assad fled? Normally when a country falls one of two things happen, the country moves it to an allied country, or the country that topples them "rescues" the gold, Libya and Iraq come to mind, but no one has said where Syria's gold went, or if they went bankrupt before they collapsed, and forced to sell it off to pay debts.
Assad took with him upon his leaving, over 70 billion in gold and cash with him. I saw many people hit up their banks, running out with free cash, taking out big bags of cash for themselves.
Reuters is reporting sources in Syria have indicated that the gold reserves remain in the vaults and have not been looted. The Terrorists will now have some funds to be able to make their purchases.
So many comments! 😂 Hopefully I’ll be addressing the oft-used and incredibly laughable claim that I don’t know what I’m talking about when it comes to crypto in an upcoming live stream. I had a 35-year career in technology and in cybersecurity specifically and I understand the underlying tech, use-cases, and risks with Bitcoin, altcoins, stable coins, and exchanges far better than you may think. I can assure you that if/when crypto truly becomes a threat to governments, central banks, and their sovereign currencies (El Salvador doesn’t count 😂) the powers-that-be CAN and WILL remove the threat. The vulnerabilities to just the on/off-ramps alone are ridiculous ! I started researching and studied Bitcoin, blockchain, and other competing DLTs like hashgraph over a decade ago. Roughly when I got into real estate via Private Mortgage Lending. You may want to check that true investment out and learn something about steadily building wealth with reliable cash flow without engaging in Draft Kings-like “investing”: ua-cam.com/play/PLBpWNGgrbSj2pzbqwiAIaMxdcQ6EsyPoH.html&si=emoLBLSldEG-t6NK
As far as crypto is concerned, I’m not gonna waste my breath responding to all the comments point-by-point. It’s mostly an effort in futility. I would encourage you, and any other crypto-enthusiast willing to get out of the echo chamber, to read this recent post: thebubblebubble.substack.com/p/24-reasons-why-i-dont-believe-in (I’m actually working on a potential interview with the author.) Finally, I will CONTINUE to warn people to the truth about Bitcoin and its THOUSANDS of pathetic offspring-that they all constitute the largest “greater fool” pyramid scheme we’ve ever witnessed. Not technically a Ponzi scheme, though Charles Ponzi would be super impressed. In all seriousness, I fear that Bitcoin et al is destined to destroy generations of wealth and rob our youth of any remaining hope of a good financial future. Crypto is a scam. A con. An existential threat to our country’s economic future-especially if Donald Trump and others in our government are crazy enough to create a crypto reserve! We need to expose current crypto for what it is-a reckless gamble, not an investment-before it helps usher in a CENTRALIZED digital currency (CBDC) and the monetary dystopia which that would bring!
Sounds like you have a little too much skin in the game to be taken seriously
@@YankeeStacking it’s not a matter of do you know what you’re talking about. The problem here is you believe your information to be the end all. It’s insulting to those of us who are not in the Echo chamber as you say. All the laughing faces and crying faces and all that just makes you come off as immature. Just my two cents obviously you’ll leave it.
Remember, the govt can always confiscate your gold when they want.
@@YankeeStacking that's is awesome! I have major concerns as well. But sounds like if you invested 10 years ago, when you were researching, you'd be rich as fuuuuck by now.
The hills are alive with the sound gold bugs crying harder😂😂😂😂
It’s incredibly easy to cash in bitcoin. Far easier than gold on every level.
Yup it’s amazing it’s made me a lot of money buying red days
Yea I like gold and silver too but as soon as I heard that… smh
I sold all of my gold and silver in 2023 and bought bitcoin with it after blackrock announced its ETF. Glad i did.
I'm eager to start my investment journey, but I need guidance on where to begin and how to make informed decisions.
Building a financial portfolio requires more than guesswork; expert advice provides the clarity and confidence you need.
To make informed investment decisions, it's wise to consult financial experts like Della Martin, who can offer valuable insights and tailored advice
Della Martin is a trusted and experienced trader; partner with her to achieve your financial objectives.
Are you familiar with her? Her remarkable success story has garnered widespread attention, and she's built a reputation for being extremely reliable and trustworthy.
I'm in full agreement. Her sincerity and transparency make her a highly respected and admired individual.
I bought a lot of silver for 15 years and some Bitcoin since 2020. Bitcoin has won and the free market has chosen
Bitcoin is an ego test. It also just happens to be the greatest performing asset of all time.
You will purchase Bitcoin one day, and you will get it at the price you deserve.
I invest in 3 things. God, Gold, and Guns.
And lead, the most desired metal.
How does one invest money in God? Why would any god be interested in money? Why would you invest money in guns? Have you made, or expect to make a large profit reselling pre-owned guns?
Better ad a bitcoin,bullets and beer to your investments.
@@tjmmcd1 Malachi 3:10 answers your first question.
Don't forget about Oil ! You wont regret it one day. XLE 👍
Definitely gold
Can’t fake BTC, but you are checking those gold coins, makes you go hummmmm.
Imagine that--humans like to steal and deceive when it comes to money.
I own both gold/silver and bitcoin. It doesn’t have to be a competition. Diversification is the goal.
How exactly does a person own bitcoin
💯
Exactly what am doing but also with platinum and xrp,xlmxhbar we going to the moon 🌝🌝🎉😎😎💯
Yessir that’s right it totally depends on what you want !! Freedom
Yes, why can't people understand this.
Horses were the means of transport for The last 5000 years. Cars will never catch on and replace horses.
They'd say, "What good is a car if you don't have gas?"
Cars/horses is not the same as money. Gold has been around before horses and still strong today.
I never thought of this very good.
Money is going digital but that was never the point, the point is trust, stability, and control. Central governments will control digital money
A click of a button and crypto disappears. If gold gets replaced then why are the big banks buying it up
Shhhh they don't want you to own gold only fiat bitcoin and the dollar. Gold will prevail. The ones in power take us for fools.
which button ?
@@Elbouli91 the electric grid, in US especially, is easily taken down for year plus
Same with your bank account,savings,stocks,401k,mortgage ect. also how do you travel with lbs of metals you can;t. let get real.
@@Elbouli91 The delete button! lol
Gold, Silver, and Bitcoin are all great ways to protect yourself from Fiat money. I suggest everyone to own all 3. You two really haven’t done your research on Bitcoin and it shows.
ever hear of Enron?
That e mail thing will never work 😂
GOLD!
Just because you don't understand something, doesn't make it worthless.
If you can't see the value in being able to store millions of dollars in a digital locker, safe from even military grade computers and carry that money with you anywhere you go in the form of a password saved in your head, then you'll probably always be poor.
If you think it can not be found, you are of low intelligence.
You will own nothing and be happy!
own crypto=nothing ?
@@livingadamman7994yes… you don’t hold it you don’t own it
As someone who bought Bitcoin under $1K, I have MADE A LOT OF $$. Took gains and bought A LOT OF GOLD & SILVER.
It’s all about how you play the Game 😉
U will own no brain cells and be happy
Brilliant observation ... that connects a big dot for me...
Michael Saylor said sell your physical gold and buy crypto. A brilliant and subtle way to confiscate your gold. Trade your physical gold for crypto and be left with nothing.
@@rogain662
Who’s telling you to do this? Never heard of the guy.
Besides nobody worth their salt thinks going all in on one thing is a good idea.
@@rogain662 that’s why you make your money in crypto and trade it for gold instead
Well, except more money. Personally, I'll hold both.
You’re 50-60 years old right ?
@ No. in my thirties
Trump has been talking about NO capital gains taxes on US crypto
Gold and Silver had been Money since almost forever… nothing has ever replaced it….never will…..
Yeah, keep saying that while the train Is already out the station.
I Bet the people using sea shells to barter said the same thing about their precious shells
@@zd-motion6688 For profit sure, but realistically, gold will always be the backup currency. People buy bitcoin for money gain not money preservation.
Gold and silver are referred to as Gods money by some. Gold is a good hedge against fiat currencies which is why in bad times the price increases and in good times the price is devalued. Gold has been related by some to a fine-tailored suit to show it's value. For instance, in 1900 you could buy a fine-tailored suit for an ounce of gold. Now, you could buy a fine-tailored suit for an ounce of gold.
Bitcoin is a speculative store of value. The only reason it is not called a security is because there is no one company or person that owns it and it is not valued based on the value of the person or company. I'm sure there is more to it but I am just a simple person and not a politician that writes the rules.
@ but as both you hold it. Bitcoin you can’t hold and too many “other” hands can interfere with it. “You don’t hold it you don’t own it!”
The gold people said for years ‘Don’t buy Amazon,it’s the river of no returns’. So I didn’t. Thanks Gold FUDS.
You can buy Gold, Silver and BTC. BTC people are on your side and you are to blind to see it.
Thank you for recommending Sarah Jennine Davis on one of your videos. I reached out to her and :nvesting with her has been amazing.
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
Do you mind sharing info on the adviser who
assisted you? I'm 39 now and would love to
grow my portfolio and plan my retirement
@@สมรักษ์อินทร์ตา-ม7ฑ Sarah Jennine Davis is highly recommended
You most likely should get her basic info when you search her on your browser.
@@Elijah-e6vHow do I access her ? I really need this
+156
Can't keep all your eggs in one basket.
True. its also true that you do that in order to have some of your money left when one or more of the items in the basket FAIL. It won't be the gold or silver that fails.
unless its gold
You're right. That's why I have 1oz 2oz 5oz 10oz and 100oz coins, rounds and bars.
Warren Buffett says you should have 1 egg, just watch it like a hawk
@@libertybell7145 Why not? They're basically just pretty rocks that do little to nothing. NB4, "muh silver circuits," in the scenario you're eluding to it's a total collapse so pretty rocks won't do much either.
Gold and silver going back up again.
When?
@@The300zxsupralast few days
People have been saying gold is going up to $6k for over 10 years. The gold and silver that I bought 14 years ago went up some, but the crypto I bought 5 years ago went waaaaaaay up. I only wish I spent those thousands on Bitcoin instead of gold.
This old guy doesn't know that cashing in crypto is easy.
Going back up again? What else necessary for survival EVER goes DOWN in price?
Just crushed again both gold and silver.
These guys made a video about something they know absolutely NOTHING about.😂 This is great!
The very few things they did say are incorrect. It's not virtual at all.
It's not digital gold, it's delusional gold! PERIOD!
Foolish fools gold
Crypto currencies are encrypted transaction databases. BTC is an encrypted receipt for itself Understand how it works. There are many online encryption site, try one out.
you're the delusional one mate. bitcoin is not going anywhere and works great
Okay boomer, thanks for that insightful comment that adds nothing to the conversation and shows you know nothing about crypto.
Old people don't get it. It's internet money brother governments can't take it no one can shut you down. It's the most secure network. Some people don't want to change which is fine.
The fact that most btc people think gold and silver are also good, and it seems gold people hate btc…says a lot. Gold people are threatened by btc for some reason?
These people clearly don’t know anything about crypto
Totally agree
Agreed.
I mean look at him… he’s ancient… literally a walking mummy..
Lollll you are right its like talking to my grandfather about Internet 20 years ago
I understand it and it has no future as money. Speculative bubble
I own Physical Gold, Silver, BTC, and MicroStrategy… 📈📈💪🏻
This was interesting, I understand if people are "against" owning, btc, however a wider discussion regarding the digital economy should have been addressed. For decades we have been transacting digital payments with credit/debit cards. By now in 2024, you can reject crypto all you want, but the whole crypto space isn't going to 0. If you can't accept a new system is coming, that's fine, you will use these digital stable coins without even realizing it anyway. There are a lot of projects in the crypto space that have real utility and use cases. To completely reject all of it is pure ignorance, though, imho.
A man who sold horses when the first motor car was seen still sold horses.
Gold and silver is just a metal like any other metal because it is shiny. Bitcoin is the future as a store of value.
I stack silver, because without silver, no cryptocurrencies could exist.
Excuse me, but the U.S.DOLLAR still exists even though it has NOTHING TO DO with either silver or gold. Cryptocurrencies also have NO BASIS in either silver or gold.
@@tjmmcd1 True enough, but the electronic infrastructure that makes cryptos possible would be severely impacted without silver in those electronic devices.
@tjmmcd1 I put a scratch and sniff sticker at the bottom of my pool. Come over and tell me what scent you smell. Do us all a favor.
@@tjmmcd1 that phone, computer or any other electronic device HAS silver in it!!
@@tjmmcd1 and is therefore valueless. One of the greatest Ponzi schemes ever.
I've been watching your interviews with Tim for a couple years. I very appreciate and value what he has to say about politics, geo-politics and precious metals. He's only human like everyone else and it becomes a little obvious when he expresses his opinion about bitcoin. While he is certainly entitled to his opinion, I'd like to point out the conflict of interest he has as a dealer in precious metals. I've never once heard him acknowledge his own conflict of interest or admit that he is biased toward his industry. There's nothing wrong with having a bias, but there is something wrong with failing to admit that bias.
Can we get Tim to talk about how America was entirely funded by tariffs and the years taxes were implemented and removed and reimplemented to pay for wars up to the point that Americans forgot that tariffs were how we funded the government.
Bitcoin has been a predictable market for many many years now I feel like I’m watching a Glock guy talk about 1911s 😂
It reminds me of my brother who suffers from schizophrenia saying “Bitcoin is like real money… but it’s fake. It lives in your imagination… or in the air all around us” 😂
I just bought some silver with crypto, so I guess that was fake?
The internet is also intangible. Would you call that fake, too?
The Federal Reserve issues a trillion new dollars every 80-90 days backed by nothing.
An average home in America could be bought with millions of bitcoins 15 years ago. That same house could be purchased with 3.5 bitcoins today. How is that nothing? FIAT is failing and both PMs and BTC are my hedge against its fall. BTC is proving to be the strongest of the 3 at this time.
@@GeorgeOneEleven Among several defintions, "tangible" means real. Who cares if you can physically grab it?
The wheel will never be useful, we have horses and there is no way we could implement roads all over the world
Don't believe the lies they feed you!
I'm more concerned that global banks create a gold-backed reserve crypto that they only trade among themselves. A second economy that we don't get to participate in but that still dictates the value of ours.
Gold inflates, why would you want your crypto to inflate? That's dumb.
The only gold that got above spot when I sold was Golden Eagles and buffaloes, and the silver racket is full of peasants. I’ve done the metal market made some money did well over six figures I will never do it ever again. Definitely not the future.
Article 1, section 10, USC.
Idk guys the crypto has worked in my favor in the past and it’s working right now. I’m already taking into account cap gains. Regardless, let’s go America!
Bitcoin has absolute scarcity
Gold and Silver can be mined when price go up.
Respectfully, it doesn't seem like you understand Bitcoin or the Blockchain very well. It's real self sovereignty in a digital form that has properties that Gold doesn't, and Gold has properties Bitcoin doesn't. I really don't understand why people in both precious metals and crypto are against one another, it's more choice?!
It's like guns, if you don't know anything about guns you are against them. But when you learn about them you're for them.
I argue he left one out. The only ways to save the US are … 1) More Taxes 2) Less Waste 3) Inflation.
It seems a common fallacy to think that something digital (like a software or digital information in general) is "virtual" and therefor does not exist. Bitcoin being a digital asset does not mean it exists less than a physical asset. The full ownership of your private keys (meaning concretely the knowledge of your wallet's passphrase) is as real as holding a gold coin in your hand. The point is societey has to keep thinking Bitcoin is valuable for its properties, like they have been doing with gold. Saying Bitcoin is "virtual" is like saying gold is nothing more than a yellow rock.
We're currently almost back to pre election Gold numbers right now.
😉🤠✌️
Self custody of Bitcoin is holding a piece of information aka the private key that gives you and only you access to value on the blockchain, owning physical gold is owning an object that only you have. The difference is that the physical object can easily be taken from you, you can hide it somewhere but it can be easily found compared to finding the private key which is as difficult as trying to guess one atom in all of the atoms in the universe. The only risk to Bitcoin is if the Internet itself was somehow shutdown but other than that it's superior to gold in almost every way. Information is more powerful and more fundamental than physical matter.
Listening to these people is years and years of indoctrination and nullifying.......
Gold and silver up because the interbank lending rate jumped... Banks dont trust each other again.
Never buy any crypto with gold or silver. Only use paper $$ that you are willing to invest with. Remember, all paper fiat is someone else's debt 💯
you can buy gold/silver with crypto proceeds
@@stevestevens502 I agree, I was ignorant to crypto until a year ago. I think the thing is most metal guys think crypto is meant to be a replacement for metals because it has the word currency in it, and a lot of stackers are older guys that don't understand that they're potentially losing out on massive gains in the crypto space. Crypto is more like the stock market IMO. Usually stocks and crypto have an inverted relationship to the metal market, all are based on speculation. You will see better gains in crypto than stocks, both typically have better gains than metal.
I'm treating some of my crypto as stocks, going to pull gains and buy more metal to retain the value.
The thing is, you can't buy much of anything with gold or silver, whereas there are plenty of retail stores, as well as gold and silver dealers, that take crypto. You tell me which one is more practical?
I love Tim and say this with the greatest respect. He is wrong about BTC. has traditional finance gotten involved? Yes. But they're also manipulating gold so it's really a moot point. Buy both.
I sold bitcoins that i bought for 20k, for 103k, i dont care what you say, ive realized waay more profits than gold or silver or stocks with crypto currency. When i wanted to sell gold and silver, i had to drive an hour, wait my turn, and lost on the premium..... i dont care what you say....
Exactly
Same thing happened to me when I sold my gold
You got lucky 😂 now you're broke😂
Bitcoin already is the primary store of value for many around the globe. Safer and harder to seize and transport. It really doesn't have to be a competition. Both are phenomenal.
I think so too😂
We went over this topic 4 years ago. Just look at the price
YESSSS!
Is crypto highly volatile and speculative? Yes. But $25K invested in gold vs Bitcoin in 2019 would today be worth $50K gold, $500,000 Bitcoin. That is a life changing amount for most of us. If you think it’s going to collapse then cash out, take the money and run. Buying gold and silver is a great place to store and preserve your wealth especially vs keeping in the bank. But you won’t get wealthy. In the past month, cryptos have exploded and many have gotten life changing returns . Will crypto be around in the future? Who knows but thanks to crypto I can buy a home and pay cash for it now. I realize this is a gold /silver channel and I enjoy your content, but crypto has helped many folks get ahead in life. Not investment advice. 😁
People laughing at blockchain don’t understand. I imagine 8000 years ago everyone was laughing at the guys trying to get everyone trading over some shiny yellow rocks
@@Trash-Castle100 %
Have you paid your taxes on the capitol gains yet? It is coming, plus the penalty for failing to report income.
@@mikefranklin1253you said it !!!
If people dont understand that you have to pay capital gains are just silly, but just because you have to pay 15 to 20% should not stop you from investing@mikefranklin1253
It's not difficult at all for us to cash out Bitcoin, and also it absolutely is a loss of faith in the dollar. Inflations of fiat currency outpaces my wages, why would I have faith in something like that?
Yankee, some bullion dealers are now reporting that refiners are now melting down 90% Junk Silver due to massive amounts of people selling Silver. Sad!
Melting silver, 90% and gold going outside the USA are red alarms. Folks should STOP selling to these burn and churn outfits. This is the time to buy and hold. Tariffs, bitcoin, pain and misery is a bad pot of stew.
They are. It's a fact
Get REKT
I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
As a beginner, it's essential for you to have a pro or a very good trader to keep you accountable.
If you can, then get a professional to trade for you I think that way your assets are more secure.
Someone like expert viola patterson
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
This is correct, viola strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
4 years ago, you had a lot of doubt in Bitcoin, and it has done 10x in 4 years. You should be diversified, but it is not just a grift. Even if you pay capital gains, its still moves more than gold. Look into what they are doing with XRP and central banks
Somehow owning something that can be wiped out in a split second by an EMP bomb doesn't sound like a good idea.
An EMP is not capable of knocking out the power across the entire globe
Doesn’t even have to be an EMP knocking out switching stations and substations is very easy. According to the FBI we currently have over 4,000 foreign terrorist cells in the US. So what would be their easiest target?
@@bobmalooga335it a matter of a cascading effect. However if you don’t have pose you have zero access to your digital currency. It also means you will not be able to travel to someplace that has power.
That doesn’t stop BTC. Wow, these comments.
@@bobmalooga335but they can knock out the worlds internet! Then what you going to trade dead computers? I have crypto myself but it’s fun money if it disappears I’m ok! My silver and gold are in my safe!
I made over 30 million in crypto the past 7 years. I’m glad I did not stack silver the past 7 years
Definitely Gold in Hand and Silver 💯 the only true way to go✌️😎
And if crypto is imaginary money, why does literally every online dealers of silver & gold accept, and have prices if you pay in e-check /wire:; bitcoin/crypto:; & pay pal/ card,
I have crypto. I don't like it. Maybe if the world was a nicer place and you can trust the system. Many issues pop up from your hard wallet stopping to work, you can't get into the exchange, no customer service, your power goes out where you live, software upgrades, coin upgrades. Try taking a few thousand dollars out of the bank with your bitcoin transactions. Lots of stuff happens. I'm in my 70's I don't want to be bothered. I still have a few coins and I'm looking forward to a time when I don't feel bad getting out. God's money is organic. It feels right.
Bit coin is the gold of the youth of today.
Funny thing is… you can’t eat Gold or Bitcoin.
Understanding this truth will remove the emotional attachment to both investments.
Reserve banks are buying BTC right now. 16 nation states are now buying. You can’t liquidate gold or realestate as fast as you can liquidate BTC or RXP
Buying "thin air"? I definitely agree with Tim.
And don't forget P.T. Barnham's quote,
"There's a sucker born every minute".
Okay boomer, comments like that show you know nothing about crypto.
@Manetho72 You'll figure it out way too late Cupcake!
While I'll be able to feed my family, you'll likely experience heartache and hunger if you give fundamentals the middle finger.
Enjoy your future poverty since you know nothing about monetary history.
im a happy sucker ,gold should have gone to the moon by now wars all over the place printing money and gold just stutters along ,wake up and smell the coffee
@martinwilby8942 You need a paddle for that river of denial that you're brain locked in.
You'll be controlled by the bankers and subservient to them, while the rest of us can duck out of the way of the inevitable collapse of your fiat.
Nice knowing ya, slave!
@@martinwilby8942 Yeah, I just cashed out some BCH and LTC and bought a bunch of silver. But what can you buy with silver?
Bitcoin is the best asset in the universe 🚀🌕
I would caution against dismissing crypto completely. Diversify? YES. Stack precious metals? YES. Avoid crypto? NO (and potentially risky).
I think so too, it’s ok to diversify
Craptos are a100% ponsi fraud.. anyone selling it should be in jail for fraud.. end of debate. Its literally a black hole where money disappears intoD
In Pysical Gold We Trust.
Cars will never replace horses 😂
I continually see people bash Bitcoin and have no idea how it works. It's easy to bash something when you don't understand it that's human nature. The point is Bitcoin is vaild and viable. It's not in competition with Gold, it has its own lane.
Good is stable, BC is just politics, vulnerable.
Tim is a very wise man. Thanks for posting.
I have never had a problem selling my BTC. I have gold & silver also. Unfortunately this guy knows nothing about BTC, you are talking to someone that makes a living selling gold and silver. I trade BTC 24/7, can’t do that with g & s.
Bitcoin isn't the only crypto and won't ever replace gold. You sound like back when people thought the internet was a fad and nobody would buy something on there. It's the future of finance and can't be stopped the genie is out of the bottle.
I would take $100,000 worth of Bitcoin over gold any day. I hold Bitcoin, gold and silver. People need to educate themselves on Bitcoin. There is nothing on the market like Bitcoin. Once you educate yourself on Bitcoin, then you will understand.
At what price will you decide that it is time to look seriously into Btc?
When it hits 200k? 500k?
It’ really funny how mad and defensive people get about Bitcoin.
“You might want to get some, just in case it catches on. “
I own pm and crypto. Buy both! The only thing with pm is if you want to relocate perhaps to another country, how in the world are you gonna move your stack??
When you trade an ounce of gold from a dealer, you normally forfeit about 5% at the buy and the sell to the dealer.
The dealer always wins.
Like a betting bookie.
He only has to provide the
Cash and metals pool within the exchange.
Thank You Both. Your Video came on line Just in Time. Wife Did my Laundry and said She smelled Perfume on my Collar. I said "not Now Honey Yankee's On...
5 Minutes in and i am still Safe... Just Kidding everyone
Put perfume on your stash. Get rid of the "musty" smell. Got to make sure you got the right perfume
Ha ha ha!!!
Not sure if competition is an issue worth clarifying at all. You just need to own both.
Land,gardens,livestock,the future value
So behind the times! Obviously don’t understand that Bitcoin is the hardest asset on the planet.
Saying Bitcoin is created out of thin air is an instant tell that you don’t know what you’re talking about. I’m not sure why the gold and silver channels are obsessed with their preferred investment.
I’ve got BTC, gold, and silver, and by far, BY FAR, BTC has been the best return.
It’s not backed by anything, metals, oil etc. A scam for sure.
@ again, this is a tell that you have no idea what you’re talking about. I’m not trying to be rude, I’m trying to let you know that you don’t know the fundamentals of Bitcoin.
@@jeromeschmidt7805 so tell us what is bitcoin created out of if not thin air? It’s literally the greatest Ponzi scheme ever. Everyone is betting that the value will go up so it is all based on the idea that it will continue to rise so the buyer will pay a premium to the seller for air. It has zero value beyond good wishes.
I think it’s good to have both , diversify
I have bitcoin. I sold enough to get my investment back and let the rest ride. It’s gambling.
Btc is money (not a conductor) . Utililty is not a property of money .. utility it is agaist money. This are basic people ... Everyone wil get btc at the price they deserve
I OWN ALL 4 GOLD BITCOIN SILVER PLATINUM
That’s why I love Tim, he’s always honest and very smart man!
In the event of natural disaster or war at least physical assets such as gold and silver will help us to move one place to another and also use to purchase our daily needs items.
Have you ever tried to buy something with a Krugerrand?
I love Tim! He’s authentic!
gold bugs and cryptonauts are on the same side against holding fiat monopoly money that melts away like an ice cube. stronger together
Except crypto is just another fiat currency whose value is based on air.
@@greggreed3840Wrong
@greggreed3840 I disagree, it's a store of value which is deflationary and which you completely control.. it's decentralised. .
This rivalry is retarded. BTC has value for the same reason gold has value. Both are a measure of the time and energy spent to create them. Bitcoin doesn't just come from thin air. Bitcoin mining rigs use electricity, which costs money. The machines cost money too. Someone has to be there to run them and maintain them. Someone has to pay the rent where they are kept etc.
@ if you don’t hold it you don’t own it. Crypto can disappear with the flip of a switch or crash of the power grid. The grid is very easy to crash and could take up to nine months to restart. Where’s your crypto then?
Bottled water? no one will ever pay for bottled water.
If you don’t hold it,you don’t own it
I hold and own a cold storage wallet which I can connect to the blockchain as easy as plugging in a USB cable. You know the USB cable? It's like a phone cable but you plug it into a computer to transmit data😂
@@TransitionSFgood luck when all digital crashes, internet etc. the wallet is useless
Exactly. Old school saying from decades ago. Way behind the tech revolution 😊
If you're holding it, I can steal it.
@@jessezander3159 hey good luck when those digits on a screen go poof gone. Then what?
In 2017 it cost 125 BTC to buy a house... In 2022 it cost 22 BTC to buy a house... Same can't be said about housing priced in Au or Ag and we all know how much housing went up between those years. Do your own research and don't get emotional about investments. You'd be stupid to not buy all 3. I feel stupid for not getting into BTC sooner like I did with Au and Ag but better late than never.
I just got dumber by watching this.
Your were there already....
For anyone that is against Bitcoin please look deep into it,. Find out how it works and how it's created. Most people are uneducated about Bitcoin and just don't understand it.
I think Tim is firmly in the realm of "savant grade" of common sense! 100%! Thanks YS for these enlightening bits of spot on reality!
Has anyone heard where the gold reserves of Syria were moved to when Assad fled? Normally when a country falls one of two things happen, the country moves it to an allied country, or the country that topples them "rescues" the gold, Libya and Iraq come to mind, but no one has said where Syria's gold went, or if they went bankrupt before they collapsed, and forced to sell it off to pay debts.
Assad took with him upon his leaving, over 70 billion in gold and cash with him. I saw many people hit up their banks, running out with free cash, taking out big bags of cash for themselves.
Reuters is reporting sources in Syria have indicated that the gold reserves remain in the vaults and have not been looted. The Terrorists will now have some funds to be able to make their purchases.
Assad gave it to Putin