My life for the past 25 years has been made possible due to funding from online accounts from which I never held any of it in my hand...except for whatever cash I've taken out of ATMs or occasionally withdrawn from my small, brick and mortar bank account. So, I did NOT hold it but I sure as heck owned it when I paid off my house and two cars (as well as monthly bills the past decades)...all done without touching anything but plastic keys. The future is here, sir. And pms are not part of it, except for whatever industrial use they might have. And one is best advised to leaving commodities trading to pros.
@@teller121 I wanna believe you but many people claim they make money online but never mention how. Can you please inform me (us) how you managed your online funding and how you actually make money online?
@@red_snow6701 You misunderstood me. I was responding to a person who was going on about the broad concept that money isn't real if you don't hold it. My point was that I (and hundreds of millions of others around First World countries) don't ever hold the vast majority of our wealth. I meant that I invest, pay bills, receive pension payments, 401k payments, etc., without ever touching money. This person, and many like him, doesn't like the world changing as it is. I'm 60 y.o., white southern male. I don't like it either. But reality doesn't allow for gold being money. Gold's day has passed. The scary thing is, like me when I owned it, his statements tell me that he has a LOT more of his wealth "in physical," earning absolutely nothing, than you might think; as I'd bet many on here have 30-50% in gold silver. If so, you're destroying your retirement and the financial security of your family. If you want to justify that kind of ownership, then I challenge someone to post why gold offers a path to profits now that didn't exist in 2007-08 meltdown. There's no reason to own gold now that didn't exist then. So, now the '08 Great Recession passed, COVID passed, shock of first major war in Europe in 80 yrs has passed...and gold faded after each at around $2,000. Gold has now formed a triple top and rates going straight up for the future. Disastrous setting for gold. Being able to "hold it" changes nothing.
This Nolan is a complete NutJob, A Canadian Commie at heart!!! You go a head and divest in precious metals, tell me how your Bitcoin is doing today....LOL! This is the same guy relying on the Police to save your ass when the badguys are kicking down your door...what a joke!!!
Maybe he should look into what industrial uses silver has in renewable energies.... oh wait, did the president just announce the government will subsidize renewable energies? hmmmm looks like the demand for silver is going to go up.
Who sent this guy, Janet Yellen , Bill Gates or ancle Jerome ? OH I see now ... I just realize that probably Michael Saylor sent you ... and by the way he paid you with those bars right? hahahaha
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
Finding financial advisors like Vivian Jean Wilhelm who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well.
Lesson for you. My dad had a coffee can in 1972 with hard saved$13,000 cash in it. If he had left that in the can to give me today I would have his $13,000 which was in 72 a lot of money. If Dad had purchased $13,000 in gold in 1972 and put it in the same can I would have a half a million dollars today. Well what do you or other naysayers have to say about that? WELL !
I am so looking forward to my ''Well what do you or other naysayers have to say about that? WELL !'' moment in many more ways than one. I will eventually forget the demonization and dehumanization of others as I move forwards on a path that only has me on it. God's money all the way for me :)
@@YT32-16branch I’ve never seen somebody so confidently incorrect! Just search “Little bit of advise” or “to get advise” (just like in your original comment) and you will see it returns “Did you mean: Little bit of advice” or “Did you mean: to get advice”.
Sorry but that's bullshit. I get the logic of in theory but in practice you always lose money. Gold is just to get laid looks nice, terrible investment. Why because when you HAVE to selling , your probably in crisis right... if not why else. If your in crisis for cash you'll under sell losing money.
@@backpack8848 Almost anything is possible. Problem is, very few people actually use *money* correctly, let alone debt. Debt has a nasty habit of back-firing on those attempting to use it for their own benefit. Oh, yes, it CAN be done but the devil is definitely in the details. Timing often has something to do with it as well. One of the great "secrets" of wealth accumulation is: "Don't let the market do excessive damage to your wealth IF it moves against you". Markets can and do move against us at times, 2001, 2008, and 2020 being the more recent examples. Here is an example of that: If one owns gold or silver but holds little cash, the market falling will mean that you have to sell more of your metal than you planned because its price is lower and you need a certain amount of cash for living expenses. But if one does have a cash reserve to cover those living expenses, a falling metals market cannot force you you to sell at a low price. You can afford to hold that metal until prices are better. The same is true of other assets, such as stocks. No, this is not usually a problem with people who are just starting out but it is critical for those who have been around a while and have grown their wealth to a higher level.
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
I agree. People should stop misusing the word "investment". Warren Buffett knows what is an investment and what that word means. Central banks have been stacking gold. As you said gold is not an investment, but nevertheless they purchase gold for some other reason.
I feel like there are better precious metals. I honestly only see germanium going up in price due to the unique properties, and uses it has for example. It is also semi rare. Unlike lithium which is just a pain to extract. Palladium, Rhodium are good now. Yet will they still be useful when electric cars are basically mandatory? Basically a precious metal that is incredibly useful for industria purposes. Not saying gold isn't. Gold has some uses, but 90‰ of it is tied up in cosmetics. Silver is more common. Anyway outside of that good point. Edit. Gallium too! Think I am confusing it with germanium honestly. Gallium has so many future uses. Damn it I have to reread about both.
Yep. Things WILL get bad. It's not a matter of if - it's a matter of when. Real life isn't fantasy. 100% of societies and countries come and they all go. Does this happen in 5 years, 20, 50, 100? Nobody knows. But it will happen. Worst case scenario your kids inherit your "insurance."
I think for 99.99% of people, silver and gold is the last thing they should be buying. I just don’t see the point, do you know anybody who has 500 pounds of food and everything they absolutely need like multiple water filters tons of solar panels and stuff like that? 99% of people that are buying gold and silver are pretty much putting their money in a bad place. Yes gold and silver is a great investment if you have literally everything else you could ever need physically..
exactly I store physical gold not because I believe there is some grand conspiracy rather as a way of stopping the value of my money decreasing with time and in the event of an economic collapse I have assets of value.
At the beginning of the year, I have continued to purchase a few equities, but nothing significant. Why am I being so unkind to this? The fact that others in my field make six figures each piece, nevertheless, motivates me to want to be the first member of my polygamous family to earn a million dollars. I am fully aware of the expense of working more to get more money.
If the market has taught me anything, it's that it typically makes a comeback, but I can't seem to focus on the long term, particularly because crucial factors like my retirement and my reserve are having a devastating influence on inflation. As soon as is practical, I need a solution and a data trajectory that I can trust.
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Hahahahahahaha Yeah because you know gold and silver are going to go to the moon any day now. JP Morgan laughs at you gold stackers. Their favorite thing to do is come on these comments, read your delusion, and then pound the price of gold and silver down. They will drink your tears when they crush gold and silver down to nothing. the bitcoin crowd really laughs at you. This announcement brought to you buy delusional, bunker stocking, tin hat wearing gold stackers.
I probably don’t know enough about this so I am probably wrong. But if it was combating inflation would the price not go up over the years but when you look it seems pretty unstable
Yes but as the money is worth less and less, the price of the resources should go up over time to maintain the same value but the price seems to be pretty unstable
So you never had a j-o-b and had a negative learning experience from that ? If you messed up buying precious metals then you can learn from that and dollar cost average is a recovery strategy. But how it is the PM's fault ? time to drop the emotional baggage and move on ...
This guy clearly don't have any knowledge of what he's talking about. Why would you believe the NTR bar is worth 15% less than the Sunshine mint bar? It is likely they offered slightly under spot for the sunshine mint as is normal for a dealer. However to offer 15%+ under spot for any silver is a scam. You could take a torch to your bar disfigure it and still get spot price for it.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
I like how you make this claim, then do not provide the purpose 😂. Guys Okay Relax, I own Metals, and have since years before this comment lol. Was just playing a little devils advocate, and pointing out the ignorance of the comment above. Please stop replying to a 2 year old comment xD
@@animalcookiemonsterTV gold goes up in value when there is uncertainty in the market, thus the MOST uncertainty in the market would result in the GREATEST value. why would you want your gold to be tied to the market via etf or fractionalized if that’s the case. hold your gold and own your btc keys my friend!!!
@@Ajax_Operator also its good to own pure gold because fiat is made from the air basically and honestly gold is like for emergency fund most people i know wont sell gold in 20-30+ years basically saved money in. Who cares if you are selling it at loss becase fiat currency would be way a big loss to buy
@David Armstrong psychological operations are the headliner in this information age. It’s sad to think my future children will never know what a semi-trustworthy government looks like.
Yes, he should have not only said don't buy gold and silver, he should have said sell every once you have. And I wish I would have watched that video and obeyed it, because then I wouldnot be losing my ass on loser gold and silver!!!!!!!!! What a pathetic asset. I can only imagine how the people that manipulate gold and silver read the comments of these pro metals people and laugh their ass off at them.
Yup. “Paper” gold and silver is an investment. PHYSICAL gold and silver is INSURANCE. The first can grow your wealth, the second can preserve your wealth (against the ravages of currency debasement, inflation, etc.). And in my opinion the risk of holding and protecting it is MUCH lower than the risk to our nation’s currency and the possibly of bank failure. No conspiracy theorist here. I’m a realist. Ultimately, if you don’t hold it you don’t own it! And I don’t hold more than between 10-15% of the stuff in my wealth portfolio. But remember that “paper” gold and silver is a highly leveraged derivative that is rarely backed by sufficient metal. Be careful! 👌🏼
Yes indeed ,and he never explained why the 2 bars had a different value.And the high premiums now make it a bad deal,but years ago premiums were $1 so factor that in.Its all perception in some ways.Most people don't know the dollar is Whitten with invisible ink that has an expiration date.
Excellent video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do
@@timgoodson4418 March, and more importantly the end of Q1, is right around the corner. All the big money manipulation always is at it's height when reporting Q4 profits. Remember bitcoin at 19k before last march, and the end of Q1 reports were released.....it went to 5k. If you don't believe that same event will take place than you just don't understand business. These next few months should tell us the true story of what will happen with crypto. Companies have been operating from their debts debt and can not continue the lie forever. My bet is that we will see crypto take a significant loss when the new years fresh Q1 reports come due. In 2020 we printed more un-secured paper dollars than ever in history. In fact, for our entire history of the USA's production of currency, 40% of all US paper money was printed in 2020 to avoid foreclosures and drastic down turn in the stock market. AND we still saw the market dip last March, even with the printing of un-secured paper dollars. Crypto is doing great right now, but it is still just 0's and 1's and is not a tangible asset. I would fear the day you plug your hard drive in and are blocked from accessing/spending/trading your crypto. Heck what if all the platforms that you are able to spend crypto on go down/ get so regulated that you can't see straight. Or what if you power goes out for an extended period of time and you can not electronically access your cyrpto. I'd rather have a physical assets that can be bartered, as people have done for 1000's of years.
lol. Good one, when he comes back and says that those paper Silver and Gold are worth pennies on the dollar compared to the real Physical metal. Premiums on the real deal were already through the roof in 2020. Even though the paper Silver crashed to $11, the real one was always above $20. In some parts even $23-$25. But hey it's just a conspiracy theory. :D :D
I came into some money about 2 years ago. I put about 1/4 of that money into gold and silver. Fast forward to today and that gold and silver is nearly all that remains of that money. I learned a valuable lesson: if it is really hard to spend you will probably save it. That is the beauty of owning PMs.
very good point. people always call it a bad investment, but thats not the point. its a safety net that will be valuable no matter what happens in the world.
Strange that in 7 years you did not learn that selling privately allows you to get pretty much all of the premium back. If the dealer doesn't want to give you what the bar is worth, just sell elsewhere. The other thing is that precious metals are not an investments. They are savings that are edged against inflation.
@@likwidmocean Rhodium is not the norm when it comes to precious metal prices. You did quite well on yours! Selling it is not easy though, and my guess is you would have to do business with Kitco. They would probably offer you well under spot for it. Still, if you can catch the peak and bottom of the Rhodium market, the spread is really amazing!
I wonder how this guy feels right now. 8.6% inflation announced on Friday which means the real percentage is closer to 16% . I'd pay to be a fly on the wall watching him over the next few months as things collapse. Poor fella
@@beeftaco4588 as things collapse and his gold and silver becomes worth exponentially more than it is now? If you're talking about the video author, then yes. He will be remorseful for his foolish outlook on precious metals.
I like how he said he trusted who he thought were 'experts' and got screwed, then recommended buying certificates from 'experts' who he expects not to screw him when everyone starts calling in for their physical
When will they start calling in for their physical? Oh wait, never. When the next crash hits, you know what's gonna happen? Things are gonna get a lot cheaper. Not the other way around. Being in cash will be the smartest thing then, and because everyone will cling onto their cash, they won't want to invest in anything, and so depression hits. Wait, you thought _inflation_ was dangerous? Man... Only if you own gold! :D
Considering the current market uncertainty, it appears prudent to consider investing in gold or a gold ETF. I'm contemplating allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is enticing, I recognize the importance of maintaining a long-term investment strategy.
Gold is seen as a safe bet during economic ups and downs. But investing in it can be tricky. Some people lose money because they don't understand how it works. So, it's wise to be careful. I suggest talking to a financial advisor who can help you figure out when to buy and sell.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Brilliant!! say seding this Investment is that tiny line that separates the RICH from the POOR: The poolish from wise sorry to say: I can proudly say I am wise today because I can provide for my family through my investments
I bought a gold coin collection in 2016, from a reputable company in Scandinavia. Sold the entire collection after 4 years, back to the original dealer, with a 40 % profit. It was a successful experiment for me. The coins were American Gold Eagle 1 oz.
Just a nitpick from me, if you're just talking a stack of AGEs, I wouldn't call that "a collection". People who "collect" are interested in the extrinsic value of things, say the history or the rarity. So coin "collectors" are people interested in the numismatic value of the coins. So like a collector might get a rare penny or an old sovereign. The rare penny's intrinsic value is either in the metal or the fiat value of 1 cent, but the extrinsic value is in whatever other significance people put on that rare, print, history or whatever. Instead what you did was you bought gold coins whose value is almost entirely in their gold content and not in any kind of history or something, so it's not really something would collect, just a tool for speculating on the price of gold. A rare historical penny loses almost all value if you melt it, an American Gold Eagle keeps most (at least 95%) of its value if you melt it.
@@alessandrorossi1294 I'm aware of the difference. But for tax reasons, I call it a "collection", since coin collections can be sold tax free, but sales of single coins or gold bars are taxable in my country. Quite silly. Anyway, the point was that if one buys and sells at the right time, one can make a nice profit.
pure luck. You bought low but the only reason it went up sharply is due to COVID in early '20. Once in a century pandemics (followed immediately by the first major war in Europe in 80 yrs) can't be counted on to show up and help moribund gold out. No COVID and no war and golds likely sub - $1500...or worse.
Gold and silver are considered a safe haven during times of economic uncertainty. They are also considered as a hedge against inflation. However, investing in gold and silver should be done with caution and after careful research. It is important to understand the market trends and do your due diligence before investing in gold and silver. It is also important to diversify your portfolio and not put all your eggs in one basket.
Gold is a truly remarkable and valuable metal that has captured the human imagination for thousands of years. It’s unique combination of lustre, malleability, and rarity makes it highly desirable for a wide range of applications, from jewellery and art to currency and investments.
I completely agree! Humans have treasured and valued gold for millennia, and its unique properties make it a fascinating and versatile metal. From its lustrous shine to its ability to be molded into complex shapes, gold has inspired countless works of art and design. And, of course, its reliability as a currency and an investment has helped stabilize economies and provide protection against inflation. Thank you for sharing your appreciation for this extraordinary metal!"
I once used my gold bullions and bitcoin to make a deposit on a rental property. I'm glad I saved up some bullions to get it done. I don't mind liquidating my invested gold if it's for an emergency or a project. I will continue to constantly accumulate gold as long as I can, throughout history it has been something of great financial importance even in times of downward economic spiral. I admire silver but not yet among my collectibles. My advice to new investors is; Set goals and find out about the type of investment you are interested in, find a financial advisor on the way. I started small and amassed almost $1 million with the help of one.
I'm glad I stumbled across this discussion. If you don't mind, could you tell me how to reach this financial adviser who helps you with your investments?
I really don't like making such recommendations, because everyone's situation is unique. But there are plenty of independent financial advisors you could check out. I've been working with "JILL MARIE CARROLL" for about four years and she's very, very good. If she meets your discretion, then you could go ahead with her.
I've been buying and selling gold and silver for years. The first thing you have to understand is that this is not an investment. It compliments and should be part of your overall portfolio. Diversity is key.
Lol, why do people keep saying this. It absolutely IS an investment. If that was the case (that it is not an investment) then people won't sell them when they skyrocket. Your logic is flawed.
@Craig That's because Gold never goes THAT high to force people to sell. But how much do you want to bet that if gold did a Bitcoin and 10x'd, holders won't sell if not all, then some of their holdings? #Supply&Demand. This concept will NEVER EVER EVER change.
@Der aggressive Hustler It also works as insurance against an economic collapse, as we saw with Venezuela and some African countries whenever hyperinflation hits people start trading in gold and silver because they hold actually value unlike the worthless paper they were using before.
I think the real take away is "don't invest if you don't know what you are getting into". Gold and silver will not make you rich overnight. If it does, something has gone horribly wrong. Gold and silver are steady, and yes, you should look into what you are buying. That requires work and effort on the buyers part; Like any other investment. And physical metals have their own risk as well. Do your own research, find out what is appropriate for you and your family. Personally stacking can be fun and motivating.
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
My CFA *Julianne Iwersen-Niemann* a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
What a pleasant comment. Nice to see someone respectfully and kindly disagree. It's also the exact reason I watched the video as well. If you want to make your argument stronger, seek out the opposition to your position, not those who already agree with you. :)
I watch several UA-cam videos on how to trade in the stock market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
this is by far the most ignorant, misguided, and misinformed video ive ever seen on gold and silver investment , this dude has his information backwards and all wrong! gold and silver is the way to go. gold and silver is a security against inflation, recessions/ depressions etc . it's real wealth
@@scissors380 Tell me what is silver worth if there isn't a economy?. Silver is just a metal...if somekind of catastrophe takes place people should have skills and abillities with wich to barter..As example a farmer can grow crops people can eat that...people cant eat sillver..a carpenter can construct things..etc etc..I agree with just a economic crisis your silver can be a good store of wealth but only with a economic crisis..And i also have some silver layimg around because i do think it will go up in value..i own 30kg's now and will be adding more if the price is right..
@@justkiddin1980 silver and gold is wealth preservation that you need during an economic crisis/ depression/ recession . Nobody is telling you to eat silver and gold . Good economy , bad economy , economic crash , you still need it for financial survival. Farmers growing food has absolutely nothing to do with the purchasing power of gold and silver . I don’t give a crap how many skills you have , if you don’t have any wealth preservation in a depression , you will be left behind . People will always work in a depression or a recession, which is happening right now but that is totally irrelevant from hoarding gold and silver . I don’t care if 100,000 farmers are hired to work to grow food , gold and silver will always be a financially safe haven . It’s Gods money .
If you can't hold it, you don't own it - that pretty much summarize my thought about this video. Investing in virtual things, such as stocks, or virtual precious metal shares etc.. is as bad as it can be, never trust the speculators, and anything digital can be manipulated in every possible way to benefit the few over the majority (hint: you are not a part of the few)
That's only true to an extent. GME and bitcoin are examples of when the majority can manipulate the market. Tesla as well. Digital oil prices are also difficult to manipulate especially when there's a war, blockade or a pandemic.
I've been sitting on silver and gold my entire life, buying and selling here and there. What I've learned is that it's not an investment, but a store of value. A sophisticated piggy bank. My metal has basically treaded water over the years...but my stock portfolio has explosively grown and paid for my retirement. To each their own though. He's right about conspiracy theorists who think the world will end...
@@RealityIsTheNow yeah i agree with you. I only holded half an oz of gold bullions from 2014 to 2018 dint really make good profit. In 2014 a friend told me about crypto i igmored it bought the gold instead i regret that. Couldve bought crypto and gotten rich or at least some stock and gotten a way better return.
@@bearsplitz96 same here but if you know what blockchain technology is then youll understand that its like buying microsoft or apple before people understood what a computer was. A worldwide EMP would destroy much more than crypto currency, and silver would be almost useless. I stack bullets for that kind of scenario, silver is a physical store of wealth, stocks and crypto are both dangerous. brokers can seize your accounts, fiat financial system can crash and lock you out. crypto is better than silver for that, but crypto needs the world to get on board for it to be a form of currency, and i just dont think people are smart enough to understand it and migrate to decentralized finance over the scammy banks/governments
I have a closet full of emergency food. I have a stack of gold and silver just in case I’d rather be a conspiracy theorist than the look in my family’s face and say we have nothing but a useless dollar.
@@dylanplumley280 yes. The reason is those stores serve as securities to prop a currency so everyone else knows what it’s paired up against. Which currency are you propping up in the wonderful republic of your nightstand’s middle drawer?
I suggest you offset your precious metals and get into digital stocks, Downturns as bad it can be, provides good buying opportunities in the markets and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
To the newbies I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
@@geraldantonio3160 I agree. I got into the market early in 2019 and the downtrends discouraged me, so I sold off. I got back in 2020 this time with guidance from an investment adviser who was recommended by a friend of my wife. I have made over $230k in my first year working with her.
@@marcorocci-ct7kw I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your advisor?
@@KingDavid-jj7tk There are many freelance advisors you could check out. I have been working with “Stacie Kristal Weber’’ for four years now and she's really good. If she meets your discretion, then you could go ahead with her. I endorse her.
@@marcorocci-ct7kw Thank you for this tip, Stacie appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
What happened to some citizens in Canada this years shows that you can’t rely 100% on being able to access the money in your bank account. Having a modest amount of silver and gold stashed somewhere is probably not a bad idea.
And the more people think like that, the more valuable that metal becomes. It makes perfect sense to have an emergency stash, assuming you don't have bad debts, you probably should pay those off first.
Exactly. I emptied a seperate small savings to buy physical metal only to get out of this bank. They decided they were moral kings of the hill as well as a bank. I lost nothing.
This guy's logic would be like someone saying you should never invest in stocks because Robinhood, TD Ameritrade, and other brokers halted trading during the Gamestop, AMC, WallstreetBets short squeeze..... Please, if you take anything from this video, its to A.) Learn as much as you can about a new investment B.) Dont expect people who are trying to sell you stuff to "be on your side," and C.) Don't take advice from people who can't learn from a single loss.
Most people seem to think that gold and silver is a great investment, and physical gold and silver even more than ETF's and so on. What does this tell you? And who do you think are betting against that? What if prices suddenly started getting cheaper, and not more expensive? What if there was deflation rather than inflation? While everyone is scared of inflation-the thing that is making stocks and ETF's, and also gold and silver-so valuable in the first place, nobody is talking about deflation. This has me worried.
@@kebman What if China does what Gaddafi tried to do in Africa to counter the French Franc CFA, and sets a new gold standard to destroy the US dollar at least in Asia ? Then gold and in its wake silver value will skyrocket. Now think about what China has been doing this last decade : hoarding gold, think about Germany who has asked to get back all its gold stored is the US, think about Brazil which is now trying to buy gold left and right, as well as Plantir who just bought 50 million worth of gold to be ready in case of a Black Swan.
If anything those times showed you to look for the rigging so you could make a quick buck :) I actually did that once and got a 30-40% profit in 3-4 months, it was nice lol
I know! I felt like he places us in an elite category. Funny everyone thinks the consporists are crazy until it happens and realize we where onto something. Then they glue to us like ticks. Lol
In 1998, I bought a 10 ozt silver bar for $75. I could have put that $75 in the bank. You know how much I would have today, if I put it in the bank in 1998? $75.07 give or take a few cents. But today, I have $240 in silver. It's not the greatest return, but it was absolutely the least amount of risk. If the reward was much higher at this low risk, everyone would buy it. As with any stock, silver (not a stock) could easily take off due to it's many uses in industry. All it takes is for new tech that requires silver. And even without that catalyst, silver is much better than a savings account.
Nail on the head. This is precisely why people invest in Silver and Gold. It is not supposed to make insane Crypto profits. It's supposed to consolidate and stabilize one's portfolio. I'm from Ireland, and there is a company I have been researching the past year I will be going to when I want to buy gold. I might buy €100k or so and have them store it. That's it. I don't have to put all of my money into gold. I spread it across various investments based on my risk tolerance. I'm only 43 so I have the next 20 years or so to play with until retirement. Obviously as I get older I would far prefer to have stabilized money in the form of gold bullion than to be having large portions of my investment portfolio in Cryptocurrency for example. I'm also sure as heck not going to leave my money to die in a bank. You make a good point Silver Bear
You said 'all it takes is new tech that requires silver' but seem to realise that silver requires new tech for a plethora of reasons. It' not just silver though, as everything requires new tech. This is why I get confused with ppl not realising the utility of crypto currencies. Payments will no longer take 5 working days to arrive overseas. Transaction fees will be little to nothing. Like, how don't you see how digital currencies will take over.
@@VelcroKittie Did you know that over 90% of people who invested in crypto lost everything? Why would you invest into a market where almost everyone loses?
This video wont age well. Wallstreetbets just did GameStop short squeeze and now has ppl buying physical silver at a record pace. Since they stopped trading on GameStop, he wants everyone to have physical silver so they cant be stopped from trading or having wealth. Silver is used in solar panels, 2 oz in every solar panel to be exact. And Solar is about to see a huge spike. Wallstreet has been selling more silver contracts thean tberes actual silver above ground. Everyone buying up the silver will cause a surge in prices. And once its all bought up, solar companies will have to buy from someone. Cant shut down trading on someone who has a physical asset
@@dunkcards7901 Silver is a by product of mining many, many other metals. If there was a point where the suppliers “ran out” of silver mining would start up again, driving the silver price back down.
@@Ross-117 Mining is constant so there isnt a situation where they shut it down, look at global supply, determine if more is needed, then just start back up. When mining a certain area has been depleted, companies move to a different location thought to contain whatever theyre in the business of mining for. And regardless of what you think.....theres a finite amount of silver on this planet. And a very small percentage that humans are actually capable of mining
Im not saying this will happen but imagine this situation. If our entire planet set our economic system to 1 large global economy and silver/gold was the new monetary system....how long do you think it would take for all the gold and silver to be bought up? Wouldnt take long. Cuz theres a finite amount and a global demand from every country would far outweigh the amount of those metals available. They wouldnt be avle to mine fast enough to keep up with the global demand.
@@dunkcards7901 The only thing I can ever see that could tank the value of silver is if they start mining it from asteroids but we are way far from that happening and if the usd crashes like it seems to be destined yo than it won't happen for hundreds of lifetimes.
We are currently getting into an era where all currencies will be backed up by commodities like gold, silver and bitcoin, is it still a good time to invest in these markets or am i too late? I currently have about 500k in savings lying waste to inflation.
Gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful for this tip from my adviser’s cos her moment by moment changes in the market are lightening quick.....who know how much losses I would’ve had by now!
Definitely she is...... I have been working with 'Trudy Renee Soper,' and the beauty of it is her expertise extends to various aspects of financial advisory. She has skillfully constructed a diversified 7 -figure portfolio for me including digital assets. I'd suggest you research her further on your browser, sure you'll find her basic info.
Well, Gold broke it's all time nominal high for the 2nd time the past month. Central Banks are purchasing gold at a rate not seen since the 1960s before the Dollar was detached from value.
Yup crazy how people don’t understand this. Gold and silver are not an unlimited resource, they manipulate the market enough to keep it from showing. One swipe and all your assets are gone and what’s physical and left to back it? Precious metals
Stacking gold and silver is works more similar to savings and insurance, than to pure investments like stocks or ETFs. I became a huge fan of stacking when I discovered and learned about it. At least you tried it and discovered you didn't like it, and it's fine, every person has different needs.
I'd like to point out that owning physical silver over ETFs is significantly better if you ever need it. If i remember correctly for every ounce of physical silver you own, 450 some odd people theoretically own that ounce in ETFs
Gold has returned 7.78% since 1971 when the US went off the gold standard, beating out everything except for US equities which have returned around 10% over a 30 year average. If you're in it for the long haul gold can be a solid investment.
SMH! You haven't learned anything about being a real stacker! Physical is not an investment it preserves your wealth. If you sell that physical you will regret it. Remember do what they do, not what they say!
@@JoshuaGriffing You can sell it lol you missed the point completely. "iS iT weAlTh?" yeah its only been money for the last 6000 years but Im sure this guy can change all that
I'm not an investor. I just don't want my fake money to be worth 20% less the following year. And I'm broke. If I could convert it to real precious metals, I won't be able to spend so easily which is one of my biggest issues, and the value will most likely never drop as crazy as these inflation prices.
Cost average. Every two weeks, buy a little, put it away and forget about it. It will be there for you when everyone and everything else has abandoned you.
@@chobiden7770 If you sell it next year at 30, you made 20%. Or you could sell it for a different currency. Or convert it to BTC. Or you could barter it for bananas. Or you could simply hold on and forget about it for the day when all the fake, fictional and fiat currencies have gone to money heaven. Silver is the money of the people. Fiat is the money of slaves.
@@chobiden7770 riiiight. But the price of a certain PM skyrocketing is whats important. The value of your countries currency is the issue i guess, but its perspective. And at the end of the day, Precious metals ARE LIMITED IN AMMOUNT. THEY PRINT MORE DOLLARS UNTIL WE'RE VENEZUELA AND YOUR DUMB IF YOU DONT SEE THAT ALREADY. Look into whats going to be used in stuff thats going to be in demand, or even law to own *cough cough EVs *cough cough DYOR 👌
Silver IS a terrible investment. But more importantly it is insurance. You’re not meant to put all your money in silver or gold, but a small amount as INSURANCE
This is mostly because silver prices are being manipulated downwards by Goldman Sachs. Since the end of chemical cameras the industrial demand for silver has declined. If new technologies develop rapidly. For example, if the electric car fleet replaces 90% of gasoline cars (+ photovoltaics, wind turbines) industrial demand will start to rise again. And silverprice rise. Because Tesla and the other industrial giants will not want to depend on the vagaries of an investment bank.
Silver is generally predictable to a great extent aaaaaand should be an opportunity coming up here, gold will be first though Buy the paper buy the mine whatever
Why are you throwing others a video filled with emotional judgement and claiming they are "investing in things they don't understand" when it's your responsibility if YOU made the wrong decisions when buying YOUR gold and silver? If you made mistakes out of your own ignorance, don't bother trying to pass your guilt or regret into others by trying to make them feel equally miserable as you. "Misery loves company", that's the title I would give this video. So you are right, you shouldn’t invest in what you don’t understand. But that's a lesson that applies to YOU. Don't project onto other people your investing mistakes and your incompetence.
I love your video at large but i will advice everybody who is into cryptos to Stick with ETH, SHIBA, CARDANO, GOLD AND BTC as much as you can guys. If everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind.
imagine being rich, being too lazy and ignorant to come to even the slightest agreement. Let's petition to fire the government or take from their pocket Money is good for only three things : fun, investing, and giving.
I once invest my money on crypto. Bitcoin trading is great, unlike the stock market and other financial markets, bitcoin has no centralized location, since it operates 24hours a day in different parts of the world
@@kylie1340 you are right Bitcoin trading might make you rich if you are hedge fund with deep pockets or an unusual skilled currency trader After a successful investment you have nothing to worry about, whether the rise and fall of economy won't affect you. Make's your future brighter, by making good investment
Hello everyone, well if I'm permitted to speak I think Investing right now should be at the top of everyone's list. In 2years you will be ecstatic with the decision you made today! Bitcoin is the most secure run on the largest decentralized computer network in existence.
I would never say that investing in physical gold or silver is a bad idea. Investing in physical gold or silver is actually a great idea. At least you'll have some precious metal put aside, just in case of a rainy day!
You dont buy gold thinking you would make money, it s an insurance policy. You should, as per intended, only have a small percentage of your total wealth on physical gold. Silver... nah😄. I came from a country that experienced with hyperinflation and excess taxation so i know how important gold is
Unless you are actually a metallurgist, trying to barter in gold will get you ripped off immediately. There are entire industries designed to steal gold from refugees who try to cash out their gold. Are you going to ask them to melt it down and recast it don't in front of you? Are you going to weigh it then hop on a bath tub and catch the water that over flows? The only reason why gold coins ever existed to begin with was to hire mercenary armies during the feudal age once sun tzu made its way to the west and people realised that logistics wins wars. Unless you are going to declare war on a nation (which is mostly done now through btc anyway) you might as well get a stamp with your profile on it so to can mint your own gold coins and your mercenaries will know who they're not supposed to kill. Meanwhile paper composites were invented in the Tang dynasty and they used paper money and copper coins with a hole on the center so you can make them into abacuses.
I don't understand the "insurance" idea. I had a friend that said: "IF the would economy fails, I have gold". I said: "IF the world economy fails, your gold won't be worth a slice of bread. However, my box of ammunition will be an Extremely Important bartering property".
Indeed. There is a reason people in Asia own PMs, because we've had a much longer history of civilization than the West to be naive enough to trust the system. If you really look deeply, the West is already poor, most people in the West just have debt or IOUs of social security from the government, nothing tangible that is a real insurance. I'm already seeing this in EU. Scamdemic created in EU just so people are even more dependent on the state eventually leading to slavery. Well some people never learn.
Thats just great. A precious metals person calling others delusional. Hey does an once of gold buy the dow yet? You know, both going to 10K. Just like you metals guys told me last year. Hey how has the stock market done over the year? How about bitcoin? Hey, how has any investment done compared to loser dying gold? You metals guys know that your beloved gold is a dying asset and does not protect you from inflation. Bitcoin itself insures golds death. You really think younger generations are going to keep investing in an old relic? You think that corporations will not soon start dumping their gold holdings for crypto? You actually think they the people that manipulate gold and silver would ever let it go up? I have never known more delusional people than precious metals people. Biggest mistake of my life was buying into the precious metals crowds BS. It has cost me dearly, both financially and my reputation as I tried talking all my freight and family into investing in gold last year. Thank god they did not listen.
@@f1hotrod527 Manipulations only last so long. Unless you are suggesting you are gonna use virtual electronics as well along with virtual currencies. Stock market has barely moved anything in last 20 years. In 2000 Gold was $200. Now at $1700 (almost 8X). Dow was at 12k and not even 3 times, with Nasdaq just barely doing 3x in last 20 years. I'm young generation, and I do buy Silver. I don't know where you get that crap from about why younger generations won't buy precious metals. Speak for yourself. Infact most of my friends are gonna dump Bitcoin holdings at around $100k to get into PMs. No one wants to sit and bleed that 80-85% crash that Bitcoin always gets post halving peak. For Bitcoin, ignoring its initial 8 years of rise (since it was just trying to reach fair value in those years), since 2018 January Bitcoin is up 2.5X. Unless you've been living under a rock, you'd know that there is NO silver available at futures fake price today. In January 2018 Silver was available at $16 an ounce, and now you can barely find any for even $30-$35 (pretty much same returns as Bitcoin), with the peace of mind of significantly less volatility. Even Gold went from $1200 to $1800 (up 50%). We'll see how much Bitcoin goes up in future - this already is the worst halving ever in Bitcoin history in terms of gains. Even if I assume a Bitcoin price of $200k, a typical crash of 80% on Bitcoin will bring Bitcoin to $40k in a year or so from here. Which is basically where it is right now. Not to mention Bitcoin has inherent risks involved such as cybercrime, lack of privacy, requirement to always be digital - what are you gonna do if the state cuts off your internet like they often do in third world?
@Sir Isaac De Nigginsnoots The world bankers control the prices of gold and silver. You’re better off holding cash then buy stocks and crypto when they crash, which will be soon.
"I could have bought an ETF and I could have been 100% certain that the silver I was buying was real because and EXPERT on the other side was taking care of making sure that it was real." Because EXPERTS never lie? LOL.
This guy is working for the system I have gold and silver and have been told by guys like this that it's worthless but all of my rich friends say it's the best investment you can ever make
Too many people buy scrap instead of real valuables. the PM that you have in your hand, you can always resale a few years down the road and get at least 98% of what you paid, or 110% in good times... but that 600 quid tv ? that would devalue from 600 into 150 in two month. good decision my friend! so bad few people understand what to do with their hard earned money
If gold is so valuable, why are they selling them? If gold is better than fiat money, then why are they accepting fiat money to sell you gold? Go figure who's the sucker... the buyer or the seller?
@@A.I.- I think the main reason why you can buy gold with fiat currency is only because fiat can still buy you stuff and because of how the financial system is rigged right now - you actually need paper currency in order to make the bulk of your daily purchase, I can't see any big-box store or city / government office accepting gold coins, even though the gold coins are worth much more than the paper (it takes real energy to prospect, find, dig out and refine the fine gold and mint a coin - while it takes zero effort, a 2 cent worth of piece of paper and a 2 cent worth of ink to print a 100 dollar note)
I’m sure there are long term stackers in here but in my experience over the past 12 - 14 years has been this. Gold if bought at around the lowest would have doubled. However, I’m the last 10 years or so it’s dipped and hovered around the same. You won’t lose money but you won’t gain too much either. Silver on the other hand went up to about $50 an ounce then went to a low of about $12 and now back to about $24. You need to pick a price point and stick with it. I would never get into digital gold and silver. Physical is always better UNLESS you’re going short term.
Idk why I clicked on this, biggest scam, he got ripped off, does it mean you shouldnt buy gold or silver ? I recommend buying silver but educating yourself about it, ive been learning for about 2-3 weeks now and I know enough to get ripped off which makes silver investing worth while for me
Two things happened since this video was made. The spot price in gold and silver rose to new heights and then settled a little lower. The silver bullion price continues to sell just above the previous high spot price and there is a shortage of physical silver. People are NOT selling their silver eagles. The key is to diversify and be patient. If he waited he would have made a good profit.
Any guy who factors "coolness" into his investment ....... well, that speaks volumes. Yes, he certainly should not be doing this. Please stick to mutual funds and keep paying your bank bro.
This guy is a genius because this video is his equivalent of "I lost all of my guns in a fishing trip." He went on a public social media platform and said that he was going to get rid of all of his precious metals. No need for anyone (or government entity to come looking for it at his home.
WHY DO YOU ASSUME he bought it with untaxed money!!!? that's quite an assumption< that hes a crook!!IS goofing around in this gold Silliness' evidence hes evading taxes?When he sells it AND loses 3-6% in fees,THEY WILL PAY HIM WITH A CHECK!
Biggest problem I see is I unfortunately live in a greedy state that taxes the purchase of precious metals! Then when sold the state as well as the federal government extorts capital gains tax from it! Purchases from the bank on money that was already taxed, it will have to increase in value many, many times just for me to break even!!!
Honestly, I love my country and what the Founders tried to establish, but I'm also starting to hate it, too. Marxist-indoctrinated useful idiots are destroying it form within.
When it was once popular, I had a $10,000 stamp collection, many purchased at auction prices. The same dealers offered me nothing when I wanted to sell my collection of little pieces of paper back to them. You keep your paper and I'll keep my "precious" metals any day.
To sale, dealers pay LESS than spot price so they make $$$. They buy for less and sale for more than spot. That's how they make money. But it also depends, certain coins like American golden eagles and buffaloes, often sell at, or MORE than spot price, but when you buy them the premium is also higher.
We don't buy for an "investment". Never fails to amuse me just how little people know about the reasons we buy. It's a hedge against inflation/store of wealth. That's all. NONE of us think we're going to get rich buying gold/silver.
You said it, @dougrose72334. Too many idiots out there thinking that they're going to get rich by speculating in gold and/or silver. That's not why ANYONE should be buying gold or silver. My god, people of today are utterly ignorant about money.
@@solidus1995 no.......................... but the point is any silver bar should be suspicious, if your going to stack silver bars it is sort of silly really, because you NEED a recognised brand of silverbar. So your going to pay a premium, like if your local area has a well trusted bar like Fort Knox silver bar then that is going to cost you more. To me stick with generic coins as close to spot as you can get. you can move them and hide them easier and not break your foot if you drop them... if your able to grab a 1kg bar of AG then grow up and learn and just buy TRUE money as a 1/10oz au
check ! he bought it when he just was starting to stack.. and he still made profit on what he purchased, even on the the bar , that he said wasn't worth as much.
@Brian Trudeau this statement makes no sense. We used gold and silver as money until 1964. Your "beast" system has come and gone times over in other parts of the world. Actually Germany gpt hit twice and had a leader that fooled all its people.
When the 'shit hits the fan' gold and silver won't be worth jack shit. Food, shelter, clothing...and maybe special skills will be worth more than life itself.
@@zacharybernard8805 its hilarious when leftists think a fiat currency is modern, and centralized control is new and needed. Read history, and not the government version.
@@Countcho what? Your stupid. I just said gold and silver was used until 1964 as money. This is a true statement since paper money didnt become a thing till the late 1700s early 1800s. You may wana learn how to read
It is estimated that over 40,000 to 300,000 people have made a massive one million dollars in bitcoin pending on the type of broker involved for every investment to yield earning a professional broker should be involved. Mr Jay Pelle FX is a professional broker who manages,handles and gives guidance on investments to get good profit.
@Sophia Baker I'm have contacted different broker and they have failed me, not until I met Mr Jay pelle FX and with his strategies and guidance I made my break through.
If I had not experienced this myself I would have said this is all lies but I've made withdrawals few days ago and that's one thing I find difficult and impossible with other brokers but Mr Jay pelle FX makes it possible....
I'm a silverbug myself and I just can't believe seeing this video of someone stacking this for a long time and being so oblivious about the whole thesis at the same time. It's actually painful to watch. I think this will be a painful memory too.
What exactly would the point be of physical silver? It's near impossible to sell, as nobody wants to buy silver from some random dude. And shops will pay 25% to 50% less than the market value.
@@alexandercrush It's probably the most undervalued asset on the planet. Including inflation into the price, it would be close to $1,000 per Oz, so what would the true value be?
@@alexandercrush It sure is, anything can happen short term. They could drive it down a lot further too. But it won't last long anymore, their attempts. Barely any physical supply left. Everyone knows now the Comex has zero to do with the real value. Nevertheless before its resolved it could get really ugly but that will only accelerate the squeeze because more and more supply will be bought.
It sounded like he was making a video based on reverse psychology methods. He knows gold/silver is one the best (if not the best) investments you can make but he don't want us knowing that. ❌ Try again. We buying gold all day ! 😂🤣🤣
This is what always happens before a superpower collapses - ua-cam.com/video/uktsILxaNmw/v-deo.html
Who is idiot now 😂 I started buy gold since May 2020 even ppl against buying gold. But so happy now.
How much gold bullion did you buy yourself since 2014.
Not aged well for this McMuppet, up 50% since his advice.
Up 50% in 3 years.
What do you think NOW😂
If you don't hold it. You don't own it.
My life for the past 25 years has been made possible due to funding from online accounts from which I never held any of it in my hand...except for whatever cash I've taken out of ATMs or occasionally withdrawn from my small, brick and mortar bank account. So, I did NOT hold it but I sure as heck owned it when I paid off my house and two cars (as well as monthly bills the past decades)...all done without touching anything but plastic keys. The future is here, sir. And pms are not part of it, except for whatever industrial use they might have. And one is best advised to leaving commodities trading to pros.
@@teller121 I wanna believe you but many people claim they make money online but never mention how. Can you please inform me (us) how you managed your online funding and how you actually make money online?
@@red_snow6701 You misunderstood me. I was responding to a person who was going on about the broad concept that money isn't real if you don't hold it. My point was that I (and hundreds of millions of others around First World countries) don't ever hold the vast majority of our wealth.
I meant that I invest, pay bills, receive pension payments, 401k payments, etc., without ever touching money.
This person, and many like him, doesn't like the world changing as it is. I'm 60 y.o., white southern male. I don't like it either. But reality doesn't allow for gold being money. Gold's day has passed.
The scary thing is, like me when I owned it, his statements tell me that he has a LOT more of his wealth "in physical," earning absolutely nothing, than you might think; as I'd bet many on here have 30-50% in gold silver. If so, you're destroying your retirement and the financial security of your family.
If you want to justify that kind of ownership, then I challenge someone to post why gold offers a path to profits now that didn't exist in 2007-08 meltdown. There's no reason to own gold now that didn't exist then. So, now the '08 Great Recession passed, COVID passed, shock of first major war in Europe in 80 yrs has passed...and gold faded after each at around $2,000. Gold has now formed a triple top and rates going straight up for the future. Disastrous setting for gold. Being able to "hold it" changes nothing.
This Nolan is a complete NutJob, A Canadian Commie at heart!!! You go a head and divest in precious metals, tell me how your Bitcoin is doing today....LOL! This is the same guy relying on the Police to save your ass when the badguys are kicking down your door...what a joke!!!
Great slogan but that’s all it is. It’s spoonfed to morons by bullion dealers to keep the suckers buying
The dumbest investment I've ever made was watching this video.
FACTS
LOL
Maybe he should look into what industrial uses silver has in renewable energies.... oh wait, did the president just announce the government will subsidize renewable energies? hmmmm looks like the demand for silver is going to go up.
ua-cam.com/video/Nfeo8rUFxRs/v-deo.html
Who sent this guy, Janet Yellen , Bill Gates or ancle Jerome ?
OH I see now ... I just realize that probably Michael Saylor sent you ... and by the way he paid you with those bars right? hahahaha
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
Finding financial advisors like Vivian Jean Wilhelm who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call
ChatGPT ass answer
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Lesson for you. My dad had a coffee can in 1972 with hard saved$13,000 cash in it. If he had left that in the can to give me today I would have his $13,000 which was in 72 a lot of money. If Dad had purchased $13,000 in gold in 1972 and put it in the same can I would have a half a million dollars today. Well what do you or other naysayers have to say about that? WELL !
Yup! You are spot on!
Your dad didn't know price would go up tho
@@nightowl7261 you are correct. No one knew or we would all be rich.😂👍🏻
I am so looking forward to my ''Well what do you or other naysayers have to say about that? WELL !'' moment in many more ways than one. I will eventually forget the demonization and dehumanization of others as I move forwards on a path that only has me on it. God's money all the way for me :)
And if he left the original coffee beans, you could have planted them to become the next Mrs. Folgers.
Little bit of advice: The seller *of whatever you buy* should be the last person to get advice or information from!
*advice
@@YT32-16branch I’ve never seen somebody so confidently incorrect! Just search “Little bit of advise” or “to get advise” (just like in your original comment) and you will see it returns “Did you mean: Little bit of advice” or “Did you mean: to get advice”.
@@YT32-16branch it does seem that your using advise as a noun instead of advice. Just weighing in feel free to ignore
Sorry but that's bullshit. I get the logic of in theory but in practice you always lose money.
Gold is just to get laid looks nice, terrible investment.
Why because when you HAVE to selling , your probably in crisis right... if not why else. If your in crisis for cash you'll under sell losing money.
Never ask a barber if you need a haircut.
--Warren Buffet
"Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants - but debt is the money of slaves.” -- Norm Franz
BRAVO!!!!👍👏👏👏👏
Debt is complex, but if used properly you can become millionaire
What’s the america dollar
@@backpack8848 Almost anything is possible. Problem is, very few people actually use *money* correctly, let alone debt. Debt has a nasty habit of back-firing on those attempting to use it for their own benefit. Oh, yes, it CAN be done but the devil is definitely in the details. Timing often has something to do with it as well. One of the great "secrets" of wealth accumulation is: "Don't let the market do excessive damage to your wealth IF it moves against you". Markets can and do move against us at times, 2001, 2008, and 2020 being the more recent examples. Here is an example of that: If one owns gold or silver but holds little cash, the market falling will mean that you have to sell more of your metal than you planned because its price is lower and you need a certain amount of cash for living expenses. But if one does have a cash reserve to cover those living expenses, a falling metals market cannot force you you to sell at a low price. You can afford to hold that metal until prices are better. The same is true of other assets, such as stocks. No, this is not usually a problem with people who are just starting out but it is critical for those who have been around a while and have grown their wealth to a higher level.
@@backpack8848
Well, it's not that complicated.
If debt APY < Annual ROI %, then debt is good.
If debt APY > Annual ROI %, then debt is bad.
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Gold and silver aren’t investments, they’re insurance policies. Precious metals will always be there to give you value when you need it most.
I agree. People should stop misusing the word "investment". Warren Buffett knows what is an investment and what that word means.
Central banks have been stacking gold. As you said gold is not an investment, but nevertheless they purchase gold for some other reason.
They Actually are investments, just check the prices 15 years ago... specially silver
@@JAVRTH you read my comment way too literally
I feel like there are better precious metals. I honestly only see germanium going up in price due to the unique properties, and uses it has for example.
It is also semi rare. Unlike lithium which is just a pain to extract.
Palladium, Rhodium are good now. Yet will they still be useful when electric cars are basically mandatory?
Basically a precious metal that is incredibly useful for industria purposes. Not saying gold isn't. Gold has some uses, but 90‰ of it is tied up in cosmetics. Silver is more common.
Anyway outside of that good point.
Edit. Gallium too! Think I am confusing it with germanium honestly. Gallium has so many future uses. Damn it I have to reread about both.
No, and that makes you a cOnSpirAcy THeOrisT!
Owning a bit of gold and silver is never a bad thing.
It's only an issue if you go all in on gold and silver- that is extremely daft. Up to 10% of a portfolio is fine in my opinion.
@@PeacockRhino Yup. Diversify yo' bonds....niggaz!
- Wutang Clan
@@PeacockRhino Exactly. No more than 10% is good.
I like turtles 😁
God's money. Can't go wrong with that.
Firearms, ammo, food, water, gold and silver doesn’t make you anymore of a conspiracy theorist then someone who keeps jumper cables in their car.
Yep. Things WILL get bad. It's not a matter of if - it's a matter of when. Real life isn't fantasy. 100% of societies and countries come and they all go. Does this happen in 5 years, 20, 50, 100? Nobody knows. But it will happen. Worst case scenario your kids inherit your "insurance."
I think for 99.99% of people, silver and gold is the last thing they should be buying. I just don’t see the point, do you know anybody who has 500 pounds of food and everything they absolutely need like multiple water filters tons of solar panels and stuff like that? 99% of people that are buying gold and silver are pretty much putting their money in a bad place. Yes gold and silver is a great investment if you have literally everything else you could ever need physically..
Good point
exactly I store physical gold not because I believe there is some grand conspiracy rather as a way of stopping the value of my money decreasing with time and in the event of an economic collapse I have assets of value.
Facts like of course he said unnecessary 🤣
At the beginning of the year, I have continued to purchase a few equities, but nothing significant. Why am I being so unkind to this? The fact that others in my field make six figures each piece, nevertheless, motivates me to want to be the first member of my polygamous family to earn a million dollars. I am fully aware of the expense of working more to get more money.
If the market has taught me anything, it's that it typically makes a comeback, but I can't seem to focus on the long term, particularly because crucial factors like my retirement and my reserve are having a devastating influence on inflation. As soon as is practical, I need a solution and a data trajectory that I can trust.
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then
Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
Rebecca Noblett Roberts is the manager I use. Just research the name. You'd find necessary details to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
This has been a public service announcement brought to you by JP Morgan.
hahahah
Hahahahahahaha Yeah because you know gold and silver are going to go to the moon any day now. JP Morgan laughs at you gold stackers. Their favorite thing to do is come on these comments, read your delusion, and then pound the price of gold and silver down. They will drink your tears when they crush gold and silver down to nothing. the bitcoin crowd really laughs at you. This announcement brought to you buy delusional, bunker stocking, tin hat wearing gold stackers.
Amen!
They are adjusting the prices to keep themselves from imploding. EVERYONE, BUY SILVER! 🗣 Death to the FED.
@@f1hotrod527 And then stacking in your bunker works. Who knew lol
Gold is not an investment. It’s a great hedge against inflation
Yes it is long term
I’m living pretty with mine.
Oh!! so something you do to fight the inflation! I think there is a word for that... oh, yeah investment 🤣
I probably don’t know enough about this so I am probably wrong. But if it was combating inflation would the price not go up over the years but when you look it seems pretty unstable
Doesn't one invest as a hedge against inflation?
Yes but as the money is worth less and less, the price of the resources should go up over time to maintain the same value but the price seems to be pretty unstable
“I paid to much for what I bought, because I didn’t know what I was buying at the time I bought it, now I don’t like precious metals.”
Pretty much. Boohoo
So you never had a j-o-b and had a negative learning experience from that ? If you messed up buying precious metals then you can learn from that and dollar cost average is a recovery strategy. But how it is the PM's fault ? time to drop the emotional baggage and move on ...
Just make sure you research and understand what your buying. It's just a rookie mistake, just get back on the horse.
LOL.
This guy clearly don't have any knowledge of what he's talking about. Why would you believe the NTR bar is worth 15% less than the Sunshine mint bar? It is likely they offered slightly under spot for the sunshine mint as is normal for a dealer. However to offer 15%+ under spot for any silver is a scam. You could take a torch to your bar disfigure it and still get spot price for it.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Her name is. SUNITA CHACHY JOSEPH . Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
This guy has no idea what the purpose of physical silver and gold is.
I like how you make this claim, then do not provide the purpose 😂. Guys Okay Relax, I own Metals, and have since years before this comment lol.
Was just playing a little devils advocate, and pointing out the ignorance of the comment above. Please stop replying to a 2 year old comment xD
@@animalcookiemonsterTV gold goes up in value when there is uncertainty in the market, thus the MOST uncertainty in the market would result in the GREATEST value. why would you want your gold to be tied to the market via etf or fractionalized if that’s the case. hold your gold and own your btc keys my friend!!!
@@Ajax_Operator also its good to own pure gold because fiat is made from the air basically and honestly gold is like for emergency fund most people i know wont sell gold in 20-30+ years basically saved money in.
Who cares if you are selling it at loss becase fiat currency would be way a big loss to buy
It’s not an investment, it’s a hedge against inflation.
Long term storage
Is there a award for mis-information video's ?
@David Armstrong psychological operations are the headliner in this information age. It’s sad to think my future children will never know what a semi-trustworthy government looks like.
ua-cam.com/video/Nfeo8rUFxRs/v-deo.html
They’re called “Darwin Awards”.
Yes, he should have not only said don't buy gold and silver, he should have said sell every once you have. And I wish I would have watched that video and obeyed it, because then I wouldnot be losing my ass on loser gold and silver!!!!!!!!! What a pathetic asset. I can only imagine how the people that manipulate gold and silver read the comments of these pro metals people and laugh their ass off at them.
@@f1hotrod527 we’ll see wise guy
Yup. “Paper” gold and silver is an investment. PHYSICAL gold and silver is INSURANCE. The first can grow your wealth, the second can preserve your wealth (against the ravages of currency debasement, inflation, etc.). And in my opinion the risk of holding and protecting it is MUCH lower than the risk to our nation’s currency and the possibly of bank failure.
No conspiracy theorist here. I’m a realist. Ultimately, if you don’t hold it you don’t own it! And I don’t hold more than between 10-15% of the stuff in my wealth portfolio. But remember that “paper” gold and silver is a highly leveraged derivative that is rarely backed by sufficient metal. Be careful! 👌🏼
Yes indeed ,and he never explained why the 2 bars had a different value.And the high premiums now make it a bad deal,but years ago premiums were $1 so factor that in.Its all perception in some ways.Most people don't know the dollar is Whitten with invisible ink that has an expiration date.
insurance to what?
Yankee. Since he hates it so much, you think he'll give half to each of us?
@@constitutionalstacker5701 We should ask! 😂
FACX. WASTE OF TIME WATCHING THIS DUDE YAP ON FOR 10 MINS
Excellent video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do
l urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted
This could actually be a good time to buy more of your high conviction stocks or crypto on a discount.
I think I'm blessed if not I wouldn't have met someone who is as spectacular as expert Kate
Any specific guide. I'm from New Orleans how do I go about this? I think I'm interested how can I get in touch with Mrs Kate Herman
She's always active on Whats~App...
I have stacked since 2008 and contiue the process. I have NO REGRETS. The debt is NEVER going away, so I wish you well.
lol he’s gonna be left holding the bag with crypto.
ua-cam.com/video/Nfeo8rUFxRs/v-deo.html
You are about to be rich this week... congratulations... wanna be best friends lol
@@timgoodson4418 March, and more importantly the end of Q1, is right around the corner. All the big money manipulation always is at it's height when reporting Q4 profits. Remember bitcoin at 19k before last march, and the end of Q1 reports were released.....it went to 5k.
If you don't believe that same event will take place than you just don't understand business. These next few months should tell us the true story of what will happen with crypto. Companies have been operating from their debts debt and can not continue the lie forever. My bet is that we will see crypto take a significant loss when the new years fresh Q1 reports come due.
In 2020 we printed more un-secured paper dollars than ever in history. In fact, for our entire history of the USA's production of currency, 40% of all US paper money was printed in 2020 to avoid foreclosures and drastic down turn in the stock market. AND we still saw the market dip last March, even with the printing of un-secured paper dollars.
Crypto is doing great right now, but it is still just 0's and 1's and is not a tangible asset.
I would fear the day you plug your hard drive in and are blocked from accessing/spending/trading your crypto.
Heck what if all the platforms that you are able to spend crypto on go down/ get so regulated that you can't see straight. Or what if you power goes out for an extended period of time and you can not electronically access your cyrpto.
I'd rather have a physical assets that can be bartered, as people have done for 1000's of years.
I’ll buy from you cash money for 50% less today? What you say ?
I think he's still learning, part two will be out in a couple of years.
lol. Good one, when he comes back and says that those paper Silver and Gold are worth pennies on the dollar compared to the real Physical metal. Premiums on the real deal were already through the roof in 2020. Even though the paper Silver crashed to $11, the real one was always above $20. In some parts even $23-$25. But hey it's just a conspiracy theory. :D :D
LOL!
I don`t think we will have to wait that long. Did you red LBMA Silver investement report? They are shaking.
😅😂
Part 2 won't come out because he made the best choice by selling. He actually made money rather than losing it like some of us in 2021.
I came into some money about 2 years ago. I put about 1/4 of that money into gold and silver. Fast forward to today and that gold and silver is nearly all that remains of that money. I learned a valuable lesson: if it is really hard to spend you will probably save it. That is the beauty of owning PMs.
very good point. people always call it a bad investment, but thats not the point. its a safety net that will be valuable no matter what happens in the world.
Yes!!!
Physical savings account. The only negative is trying to leave the country with a lot of it.
@@lennybrewster4673 There are other ways
@@hemidart7 Which are?
"The dumbest investment I've ever made was watching this video". Who ever said that needs more likes.
The dummest investment is if you invested in Oxford Gold ! It was a scam
ok
Strange that in 7 years you did not learn that selling privately allows you to get pretty much all of the premium back. If the dealer doesn't want to give you what the bar is worth, just sell elsewhere. The other thing is that precious metals are not an investments. They are savings that are edged against inflation.
"Precious metals are not investments"
Dunno about that, I bought bars of Rhodium at $800CAD and they've appreciated 2000% since then.
@@likwidmocean Rhodium is not the norm when it comes to precious metal prices. You did quite well on yours! Selling it is not easy though, and my guess is you would have to do business with Kitco. They would probably offer you well under spot for it. Still, if you can catch the peak and bottom of the Rhodium market, the spread is really amazing!
@@likwidmocean damn congrats
I wonder how this guy feels right now. 8.6% inflation announced on Friday which means the real percentage is closer to 16% . I'd pay to be a fly on the wall watching him over the next few months as things collapse. Poor fella
@@beeftaco4588 as things collapse and his gold and silver becomes worth exponentially more than it is now? If you're talking about the video author, then yes. He will be remorseful for his foolish outlook on precious metals.
You forgot to say "i am not a financial advisor, this is not financial advice"
+totalutternutter
He didn't forget, he's protected for spreading misinformation by the evil powers that be.
Good point, touche'!
Once you listen to the video, It is very obvious. lol. But yes, he should have
Here's my financial advice never leave any paper trails.
@@silverwings21
IF everyone begins buying/demanding more gold & we break the banks & crash the federal reserve. This is their biggest fear. 😈
I like how he said he trusted who he thought were 'experts' and got screwed, then recommended buying certificates from 'experts' who he expects not to screw him when everyone starts calling in for their physical
loooooooooooool
He should just delete this video, learn about silver and buy more.
Bang on right
That is my thoughts ..thought owning gold and silver physically were good. Trust experts with a certificate?
When will they start calling in for their physical? Oh wait, never. When the next crash hits, you know what's gonna happen? Things are gonna get a lot cheaper. Not the other way around. Being in cash will be the smartest thing then, and because everyone will cling onto their cash, they won't want to invest in anything, and so depression hits. Wait, you thought _inflation_ was dangerous? Man... Only if you own gold! :D
Considering the current market uncertainty, it appears prudent to consider investing in gold or a gold ETF. I'm contemplating allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is enticing, I recognize the importance of maintaining a long-term investment strategy.
Gold is seen as a safe bet during economic ups and downs. But investing in it can be tricky. Some people lose money because they don't understand how it works. So, it's wise to be careful. I suggest talking to a financial advisor who can help you figure out when to buy and sell.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Sonya lee Mitchell is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Who send you, Warren Buffet or Bill Gates?
DS panic
JPMorgan
My thoughts as well ha ha Ha
Dave Ramsey
Idiot
Investment in Gold over the years has proven to be a sustainable source of income but physically and in the the stock market
Yes that’s true, I’ve been trading gold and crypto for a while and it’s been a fruitful investment
Job will pay your bills business will make you rich but investment makes and keep you wealthy the future is inevitable
Brilliant!!
say seding this Investment is that tiny line that separates the RICH from the POOR: The poolish from wise sorry to say: I can proudly say I am wise today because I can provide for my family through my investments
@@theresahall2364Greatings I'm really confused especially in the market analysis how do people take advantage trading them??
Greatings I'm really confused especially in the market analysis how do people take advantage trading them??
Brilliant, your title saved me from ever visiting your channel other than to drop in and mock you.
I did the exact same thing
I'll buy all your silver....you're crazy.
For half price lmao
Who dont want gold and silver, dont have to be a prepper to be in this "hobby"
Willing to pay MY Premium price?
Ok boomer
I get your point but I prefer gold to silver
I bought a gold coin collection in 2016, from a reputable company in Scandinavia. Sold the entire collection after 4 years, back to the original dealer, with a 40 % profit. It was a successful experiment for me. The coins were American Gold Eagle 1 oz.
Just a nitpick from me, if you're just talking a stack of AGEs, I wouldn't call that "a collection". People who "collect" are interested in the extrinsic value of things, say the history or the rarity. So coin "collectors" are people interested in the numismatic value of the coins. So like a collector might get a rare penny or an old sovereign. The rare penny's intrinsic value is either in the metal or the fiat value of 1 cent, but the extrinsic value is in whatever other significance people put on that rare, print, history or whatever. Instead what you did was you bought gold coins whose value is almost entirely in their gold content and not in any kind of history or something, so it's not really something would collect, just a tool for speculating on the price of gold. A rare historical penny loses almost all value if you melt it, an American Gold Eagle keeps most (at least 95%) of its value if you melt it.
@@alessandrorossi1294 I'm aware of the difference. But for tax reasons, I call it a "collection", since coin collections can be sold tax free, but sales of single coins or gold bars are taxable in my country. Quite silly. Anyway, the point was that if one buys and sells at the right time, one can make a nice profit.
Great example.
pure luck. You bought low but the only reason it went up sharply is due to COVID in early '20. Once in a century pandemics (followed immediately by the first major war in Europe in 80 yrs) can't be counted on to show up and help moribund gold out. No COVID and no war and golds likely sub - $1500...or worse.
@@alessandrorossi1294 it's illegal to melt pennies.
Gold and silver are considered a safe haven during times of economic uncertainty. They are also considered as a hedge against inflation. However, investing in gold and silver should be done with caution and after careful research. It is important to understand the market trends and do your due diligence before investing in gold and silver. It is also important to diversify your portfolio and not put all your eggs in one basket.
Gold is a truly remarkable and valuable metal that has captured the human imagination for thousands of years. It’s unique combination of lustre, malleability, and rarity makes it highly desirable for a wide range of applications, from jewellery and art to currency and investments.
I completely agree! Humans have treasured and valued gold for millennia, and its unique properties make it a fascinating and versatile metal. From its lustrous shine to its ability to be molded into complex shapes, gold has inspired countless works of art and design. And, of course, its reliability as a currency and an investment has helped stabilize economies and provide protection against inflation. Thank you for sharing your appreciation for this extraordinary metal!"
I once used my gold bullions and bitcoin to make a deposit on a rental property. I'm glad I saved up some bullions to get it done. I don't mind liquidating my invested gold if it's for an emergency or a project. I will continue to constantly accumulate gold as long as I can, throughout history it has been something of great financial importance even in times of downward economic spiral. I admire silver but not yet among my collectibles. My advice to new investors is; Set goals and find out about the type of investment you are interested in, find a financial advisor on the way. I started small and amassed almost $1 million with the help of one.
I'm glad I stumbled across this discussion. If you don't mind, could you tell me how to reach this financial adviser who helps you with your investments?
I really don't like making such recommendations, because everyone's situation is unique. But there are plenty of independent financial advisors you could check out. I've been working with "JILL MARIE CARROLL" for about four years and she's very, very good. If she meets your discretion, then you could go ahead with her.
Bruh this video definitely aged poorly lol
👎🏼
You sure? Since I made this video S&P is up 45% gold just 29%. Factor in buy and sell premiums and I think I did extremely well 🤣
@@NolanMatthias Gold is not an investment! Gold is an insurance policy!
Gold isn’t for making money.. it’s for preserving wealth
You sure ? It’s crashing again so maybe not
@@NolanMatthiasyou are speaking way to intelligent to the gold and silver crowd. Remember, just to converse with them you need the Iq of a house plant
I've been buying and selling gold and silver for years. The first thing you have to understand is that this is not an investment. It compliments and should be part of your overall portfolio. Diversity is key.
Lol, why do people keep saying this. It absolutely IS an investment. If that was the case (that it is not an investment) then people won't sell them when they skyrocket.
Your logic is flawed.
Insurance policy of a physical nature?
it doesnt do anything dude... really.
@@josecarlosxyz It's an insurance policy....
The spot price is not anywhere it should be....
Every place is at least a few bucks over spot...
@Craig That's because Gold never goes THAT high to force people to sell.
But how much do you want to bet that if gold did a Bitcoin and 10x'd, holders won't sell if not all, then some of their holdings?
#Supply&Demand.
This concept will NEVER EVER EVER change.
Instantly when someone calls gold and silver an investment it basically shows they don't know its purpose in a portfolio.
ua-cam.com/video/Nfeo8rUFxRs/v-deo.html
What is it then? A store of value / asset?
Facts😂
You my friend are completely correct.
@Der aggressive Hustler It also works as insurance against an economic collapse, as we saw with Venezuela and some African countries whenever hyperinflation hits people start trading in gold and silver because they hold actually value unlike the worthless paper they were using before.
I think the real take away is "don't invest if you don't know what you are getting into". Gold and silver will not make you rich overnight. If it does, something has gone horribly wrong. Gold and silver are steady, and yes, you should look into what you are buying. That requires work and effort on the buyers part; Like any other investment. And physical metals have their own risk as well. Do your own research, find out what is appropriate for you and your family. Personally stacking can be fun and motivating.
Good point flyer . I hate to say it but either he hates metals already or he is dense .
I think it's funny he says ""don't invest if you don't know what you are getting into" about precious metals, but he does advocate buying crypto?
You're right about the 'steady' part. I bought silver @$28 per ounce, only to watch its steady decline.
No one ever got rich off of gold unless they owned the mine itself
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
My CFA *Julianne Iwersen-Niemann* a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I respectively disagree, but nice to see a different perspective other than my usual echo chamber
What a pleasant comment. Nice to see someone respectfully and kindly disagree. It's also the exact reason I watched the video as well. If you want to make your argument stronger, seek out the opposition to your position, not those who already agree with you. :)
@@HERALDEZtheBURREL exactly!
now you know why you have the opposite perspective !
@@stldweller yes, bonds looks great right now!
@@stldweller What if you look at the price of silver this year compared to last year? It's not so bad
I watch several UA-cam videos on how to trade in the stock market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
@maria sandra What is the name of your broker and how do i connect with him or her ?
@maria sandra Wow that was easy, i found her website and left a message for her . i hope she reply me. thanks.
this is by far the most ignorant, misguided, and misinformed video ive ever seen on gold and silver investment , this dude has his information backwards and all wrong! gold and silver is the way to go. gold and silver is a security against inflation, recessions/ depressions etc . it's real wealth
Nah....gold and silver will not do you any good in a real catastrophe...you'd better have some surviving skills..
@@justkiddin1980 I have to disagree with you on that
@@scissors380 Tell me what is silver worth if there isn't a economy?. Silver is just a metal...if somekind of catastrophe takes place people should have skills and abillities with wich to barter..As example a farmer can grow crops people can eat that...people cant eat sillver..a carpenter can construct things..etc etc..I agree with just a economic crisis your silver can be a good store of wealth but only with a economic crisis..And i also have some silver layimg around because i do think it will go up in value..i own 30kg's now and will be adding more if the price is right..
@@justkiddin1980 silver and gold is wealth preservation that you need during an economic crisis/ depression/ recession . Nobody is telling you to eat silver and gold . Good economy , bad economy , economic crash , you still need it for financial survival. Farmers growing food has absolutely nothing to do with the purchasing power of gold and silver . I don’t give a crap how many skills you have , if you don’t have any wealth preservation in a depression , you will be left behind . People will always work in a depression or a recession, which is happening right now but that is totally irrelevant from hoarding gold and silver . I don’t care if 100,000 farmers are hired to work to grow food , gold and silver will always be a financially safe haven . It’s Gods money .
@@scissors380 Yeah with any kind of natural disaster you will be shit out of luck, nobody has any need for precious metals then. But you do you...
Well, this video didn’t age well
If you can't hold it, you don't own it - that pretty much summarize my thought about this video.
Investing in virtual things, such as stocks, or virtual precious metal shares etc.. is as bad as it can be, never trust the speculators, and anything digital can be manipulated in every possible way to benefit the few over the majority (hint: you are not a part of the few)
That's only true to an extent. GME and bitcoin are examples of when the majority can manipulate the market. Tesla as well. Digital oil prices are also difficult to manipulate especially when there's a war, blockade or a pandemic.
You are being a simpleton and a dummy.
If it’s a stupid investment, why do you have to lock it into a vault.
Leave it outside at your front door.
Classic 😂😂😂😂😂😂😂😂😂😂
I've been sitting on silver and gold my entire life, buying and selling here and there. What I've learned is that it's not an investment, but a store of value. A sophisticated piggy bank. My metal has basically treaded water over the years...but my stock portfolio has explosively grown and paid for my retirement. To each their own though. He's right about conspiracy theorists who think the world will end...
The dollar is a bad invesment,
so why dont you just leave it outside at your front door?
@@RealityIsTheNow yeah i agree with you. I only holded half an oz of gold bullions from 2014 to 2018 dint really make good profit. In 2014 a friend told me about crypto i igmored it bought the gold instead i regret that. Couldve bought crypto and gotten rich or at least some stock and gotten a way better return.
Yup.... Stupid investment 👍
Good luck with that flash drive when the power goes out
Exactly
Yup! EMP!!! Cryptocurrency is a good short term asset to make money but metals is where it's at
So that’s your retirement strategy? Waiting for the end of the world?
@@cramsa my metals aren’t for retirement they are a insurance policy
@@bearsplitz96 same here but if you know what blockchain technology is then youll understand that its like buying microsoft or apple before people understood what a computer was. A worldwide EMP would destroy much more than crypto currency, and silver would be almost useless. I stack bullets for that kind of scenario, silver is a physical store of wealth, stocks and crypto are both dangerous. brokers can seize your accounts, fiat financial system can crash and lock you out. crypto is better than silver for that, but crypto needs the world to get on board for it to be a form of currency, and i just dont think people are smart enough to understand it and migrate to decentralized finance over the scammy banks/governments
I have a closet full of emergency food. I have a stack of gold and silver just in case I’d rather be a conspiracy theorist than the look in my family’s face and say we have nothing but a useless dollar.
The fed reserve hoards the largest stash of gold in the world. Opposed to dollars, or stocks, or crypto. There is a reason for that.
@@dylanplumley280 yes. The reason is those stores serve as securities to prop a currency so everyone else knows what it’s paired up against. Which currency are you propping up in the wonderful republic of your nightstand’s middle drawer?
I suggest you offset your precious metals and get into digital stocks, Downturns as bad it can be, provides good buying opportunities in the markets and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
To the newbies I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
@@geraldantonio3160 I agree. I got into the market early in 2019 and the downtrends discouraged me, so I sold off. I got back in 2020 this time with guidance from an investment adviser who was recommended by a friend of my wife. I have made over $230k in my first year working with her.
@@marcorocci-ct7kw I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your advisor?
@@KingDavid-jj7tk There are many freelance advisors you could check out. I have been working with “Stacie Kristal Weber’’ for four years now and she's really good. If she meets your discretion, then you could go ahead with her. I endorse her.
@@marcorocci-ct7kw Thank you for this tip, Stacie appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
What happened to some citizens in Canada this years shows that you can’t rely 100% on being able to access the money in your bank account. Having a modest amount of silver and gold stashed somewhere is probably not a bad idea.
Why didn’t more people like this comment? Great recap.
And the more people think like that, the more valuable that metal becomes. It makes perfect sense to have an emergency stash, assuming you don't have bad debts, you probably should pay those off first.
Exactly. I emptied a seperate small savings to buy physical metal only to get out of this bank.
They decided they were moral kings of the hill as well as a bank.
I lost nothing.
Do you Need Accounts Services, Transaction Services , Payment Handle all over worlds
What are you gonna do, march down to Walmart and try and feed a gold bar into the checkout?
This guy's logic would be like someone saying you should never invest in stocks because Robinhood, TD Ameritrade, and other brokers halted trading during the Gamestop, AMC, WallstreetBets short squeeze..... Please, if you take anything from this video, its to A.) Learn as much as you can about a new investment B.) Dont expect people who are trying to sell you stuff to "be on your side," and C.) Don't take advice from people who can't learn from a single loss.
Most people seem to think that gold and silver is a great investment, and physical gold and silver even more than ETF's and so on. What does this tell you? And who do you think are betting against that? What if prices suddenly started getting cheaper, and not more expensive? What if there was deflation rather than inflation? While everyone is scared of inflation-the thing that is making stocks and ETF's, and also gold and silver-so valuable in the first place, nobody is talking about deflation. This has me worried.
@@kebman What if China does what Gaddafi tried to do in Africa to counter the French Franc CFA, and sets a new gold standard to destroy the US dollar at least in Asia ? Then gold and in its wake silver value will skyrocket. Now think about what China has been doing this last decade : hoarding gold, think about Germany who has asked to get back all its gold stored is the US, think about Brazil which is now trying to buy gold left and right, as well as Plantir who just bought 50 million worth of gold to be ready in case of a Black Swan.
Facts
@@kebman what do you say now, demise of fiat is inevitable. Allways.
If anything those times showed you to look for the rigging so you could make a quick buck :) I actually did that once and got a 30-40% profit in 3-4 months, it was nice lol
Hello from 2024, this video aged like milk
After saying we are the conspiracy theorists, he got me to buy more 😂
🦍💿🦍💿🦍💿
I know! I felt like he places us in an elite category. Funny everyone thinks the consporists are crazy until it happens and realize we where onto something. Then they glue to us like ticks. Lol
The word conspiracy was created by C#A to hide the truth!! Simple
Gold and Silver... Get You Some.
@@lancobear8894 this video didn't age well for him haha i bet his stacking himself now lol like crazy haha
In 1998, I bought a 10 ozt silver bar for $75. I could have put that $75 in the bank. You know how much I would have today, if I put it in the bank in 1998? $75.07 give or take a few cents.
But today, I have $240 in silver. It's not the greatest return, but it was absolutely the least amount of risk.
If the reward was much higher at this low risk, everyone would buy it.
As with any stock, silver (not a stock) could easily take off due to it's many uses in industry. All it takes is for new tech that requires silver. And even without that catalyst, silver is much better than a savings account.
Nail on the head. This is precisely why people invest in Silver and Gold. It is not supposed to make insane Crypto profits. It's supposed to consolidate and stabilize one's portfolio. I'm from Ireland, and there is a company I have been researching the past year I will be going to when I want to buy gold. I might buy €100k or so and have them store it. That's it. I don't have to put all of my money into gold. I spread it across various investments based on my risk tolerance. I'm only 43 so I have the next 20 years or so to play with until retirement. Obviously as I get older I would far prefer to have stabilized money in the form of gold bullion than to be having large portions of my investment portfolio in Cryptocurrency for example. I'm also sure as heck not going to leave my money to die in a bank.
You make a good point Silver Bear
You said 'all it takes is new tech that requires silver' but seem to realise that silver requires new tech for a plethora of reasons. It' not just silver though, as everything requires new tech.
This is why I get confused with ppl not realising the utility of crypto currencies.
Payments will no longer take 5 working days to arrive overseas. Transaction fees will be little to nothing.
Like, how don't you see how digital currencies will take over.
Mostly inflation.
@@VelcroKittie
Did you know that over 90% of people who invested in crypto lost everything? Why would you invest into a market where almost everyone loses?
should have out the 75 bucks in the dow.
Let's make a video called "I have no idea what I'm doing". Silver has many purposes if used/bought correctly.
This video wont age well. Wallstreetbets just did GameStop short squeeze and now has ppl buying physical silver at a record pace. Since they stopped trading on GameStop, he wants everyone to have physical silver so they cant be stopped from trading or having wealth. Silver is used in solar panels, 2 oz in every solar panel to be exact. And Solar is about to see a huge spike. Wallstreet has been selling more silver contracts thean tberes actual silver above ground. Everyone buying up the silver will cause a surge in prices. And once its all bought up, solar companies will have to buy from someone. Cant shut down trading on someone who has a physical asset
@@dunkcards7901 Silver is a by product of mining many, many other metals. If there was a point where the suppliers “ran out” of silver mining would start up again, driving the silver price back down.
@@Ross-117 Mining is constant so there isnt a situation where they shut it down, look at global supply, determine if more is needed, then just start back up. When mining a certain area has been depleted, companies move to a different location thought to contain whatever theyre in the business of mining for. And regardless of what you think.....theres a finite amount of silver on this planet. And a very small percentage that humans are actually capable of mining
Im not saying this will happen but imagine this situation. If our entire planet set our economic system to 1 large global economy and silver/gold was the new monetary system....how long do you think it would take for all the gold and silver to be bought up? Wouldnt take long. Cuz theres a finite amount and a global demand from every country would far outweigh the amount of those metals available. They wouldnt be avle to mine fast enough to keep up with the global demand.
@@dunkcards7901 The only thing I can ever see that could tank the value of silver is if they start mining it from asteroids but we are way far from that happening and if the usd crashes like it seems to be destined yo than it won't happen for hundreds of lifetimes.
I am glad I stack gold since 1980.. when gold was $300/oz
apple shares would've been better
We are currently getting into an era where all currencies will be backed up by commodities like gold, silver and bitcoin, is it still a good time to invest in these markets or am i too late? I currently have about 500k in savings lying waste to inflation.
Gold has been a top performing asset over the last 30 years.
Gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful for this tip from my adviser’s cos her moment by moment changes in the market are lightening quick.....who know how much losses I would’ve had by now!
Definitely she is...... I have been working with 'Trudy Renee Soper,' and the beauty of it is her expertise extends to various aspects of financial advisory. She has skillfully constructed a diversified 7 -figure portfolio for me including digital assets. I'd suggest you research her further on your browser, sure you'll find her basic info.
Well, Gold broke it's all time nominal high for the 2nd time the past month. Central Banks are purchasing gold at a rate not seen since the 1960s before the Dollar was detached from value.
Yup crazy how people don’t understand this. Gold and silver are not an unlimited resource, they manipulate the market enough to keep it from showing. One swipe and all your assets are gone and what’s physical and left to back it? Precious metals
Stacking gold and silver is works more similar to savings and insurance, than to pure investments like stocks or ETFs. I became a huge fan of stacking when I discovered and learned about it. At least you tried it and discovered you didn't like it, and it's fine, every person has different needs.
Where can I buy gold in U.K.
You lost me buddy, good luck with your investments!
Yes but it's a hobby more so than an investment by the sounds of it.
@@dave4138 you don't invest "by the sound of it", you are confusing stacking with numismatics (the coin collector hobby)
@@chineloblessed4628 Royal Mint, Bullion by post
I'd like to point out that owning physical silver over ETFs is significantly better if you ever need it. If i remember correctly for every ounce of physical silver you own, 450 some odd people theoretically own that ounce in ETFs
If you don't have it in your hands, you only have it in your mind.
EXACTLY!! If we can push legislators Into stopping this bull crappie ETF paper metal that IS THE PROBLEM
Gold has returned 7.78% since 1971 when the US went off the gold standard, beating out everything except for US equities which have returned around 10% over a 30 year average. If you're in it for the long haul gold can be a solid investment.
SMH! You haven't learned anything about being a real stacker! Physical is not an investment it preserves your wealth. If you sell that physical you will regret it. Remember do what they do, not what they say!
If you can’t sell it, is it wealth?
@@JoshuaGriffing You can sell it lol you missed the point completely. "iS iT weAlTh?" yeah its only been money for the last 6000 years but Im sure this guy can change all that
@@JoshuaGriffing you can't have your cake and eat it too. But you can't eat it if you don't have it first.
There is zero counter party risk in that stack in front of you.
Well actually there is a small counter party risk in that someone may steal your stack. But its as close to zero as you're going to get.
5000years and counting. True and tested
pls don’t listen to this guy, he is either a govt agent or trolling
Didn't age that well....Gold & Silver 📈
It did when the worst stocks on the s&p for the year prior outperformed it. 🤭
@@NolanMatthiascomparing apples and oranges…… 😂 Go and tell us how you are a great financial advisor 😅 😂
Give all your details to the government like a good boy.
Its to late to turn back now this generation is doomed
You just did.
I'm not an investor. I just don't want my fake money to be worth 20% less the following year. And I'm broke. If I could convert it to real precious metals, I won't be able to spend so easily which is one of my biggest issues, and the value will most likely never drop as crazy as these inflation prices.
well said
Cost average. Every two weeks, buy a little, put it away and forget about it. It will be there for you when everyone and everything else has abandoned you.
if silver is $25 an ounce now and you sell it next year at $25 an ounce you still lost 20% if the value of a dollar drops 20%.
@@chobiden7770 If you sell it next year at 30, you made 20%. Or you could sell it for a different currency. Or convert it to BTC. Or you could barter it for bananas. Or you could simply hold on and forget about it for the day when all the fake, fictional and fiat currencies have gone to money heaven. Silver is the money of the people. Fiat is the money of slaves.
@@chobiden7770 riiiight. But the price of a certain PM skyrocketing is whats important. The value of your countries currency is the issue i guess, but its perspective. And at the end of the day, Precious metals ARE LIMITED IN AMMOUNT. THEY PRINT MORE DOLLARS UNTIL WE'RE VENEZUELA AND YOUR DUMB IF YOU DONT SEE THAT ALREADY. Look into whats going to be used in stuff thats going to be in demand, or even law to own *cough cough EVs *cough cough
DYOR 👌
Silver IS a terrible investment. But more importantly it is insurance. You’re not meant to put all your money in silver or gold, but a small amount as INSURANCE
This is mostly because silver prices are being manipulated downwards by Goldman Sachs.
Since the end of chemical cameras the industrial demand for silver has declined. If new technologies develop rapidly. For example, if the electric car fleet replaces 90% of gasoline cars (+ photovoltaics, wind turbines) industrial demand will start to rise again. And silverprice rise. Because Tesla and the other industrial giants will not want to depend on the vagaries of an investment bank.
Silver is generally predictable to a great extent aaaaaand should be an opportunity coming up here, gold will be first though
Buy the paper buy the mine whatever
It's a terrible investment? So why did I make a 70% profit on my investments in just a few years from it?
@@Delimon007 Yo you do you think I should hop in now or wait for the recession to buy?
@@imhopelesslyaddictedtofent4266 buy now
These video is 3 years old.. I hope you had hold it.. you’ll be a very happy man today..
Why are you throwing others a video filled with emotional judgement and claiming they are "investing in things they don't understand" when it's your responsibility if YOU made the wrong decisions when buying YOUR gold and silver? If you made mistakes out of your own ignorance, don't bother trying to pass your guilt or regret into others by trying to make them feel equally miserable as you. "Misery loves company", that's the title I would give this video.
So you are right, you shouldn’t invest in what you don’t understand. But that's a lesson that applies to YOU. Don't project onto other people your investing mistakes and your incompetence.
I love your video at large but i will advice everybody who is into cryptos to Stick with ETH, SHIBA, CARDANO, GOLD AND BTC as much as you can guys. If everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind.
imagine being rich, being too lazy and ignorant to come to even the slightest agreement. Let's petition to fire the government or take from their pocket Money is good for only three things : fun, investing, and giving.
The government don't care about us, that's why i always advice people to invest
I once invest my money on crypto. Bitcoin trading is great, unlike the stock market and other financial markets, bitcoin has no centralized location, since it operates 24hours a day in different parts of the world
@@kylie1340 you are right Bitcoin trading might make you rich if you are hedge fund with deep pockets or an unusual skilled currency trader After a successful investment you have nothing to worry about, whether the rise and fall of economy won't affect you. Make's your future brighter, by making good investment
Hello everyone, well if I'm permitted to speak I think Investing right now should be at the top of everyone's list. In 2years you will be ecstatic with the decision you made today! Bitcoin is the most secure run on the largest decentralized computer network in existence.
Your experience with silver bars shows how important it is to go with a reputable dealer, but the same applies to anything else in life.
Not only that, market is so liquid prices can be easily checked on line.
This aged poorly. Yikes.
I would never say that investing in physical gold or silver is a bad idea. Investing in physical gold or silver is actually a great idea. At least you'll have some precious metal put aside, just in case of a rainy day!
It also is a safe haven against inflation.
@@Kiwi403 no it isn't.
Well it is a bad investment, the returns suck.
You dont buy gold thinking you would make money, it s an insurance policy. You should, as per intended, only have a small percentage of your total wealth on physical gold. Silver... nah😄. I came from a country that experienced with hyperinflation and excess taxation so i know how important gold is
Unless you are actually a metallurgist, trying to barter in gold will get you ripped off immediately. There are entire industries designed to steal gold from refugees who try to cash out their gold. Are you going to ask them to melt it down and recast it don't in front of you? Are you going to weigh it then hop on a bath tub and catch the water that over flows? The only reason why gold coins ever existed to begin with was to hire mercenary armies during the feudal age once sun tzu made its way to the west and people realised that logistics wins wars.
Unless you are going to declare war on a nation (which is mostly done now through btc anyway) you might as well get a stamp with your profile on it so to can mint your own gold coins and your mercenaries will know who they're not supposed to kill.
Meanwhile paper composites were invented in the Tang dynasty and they used paper money and copper coins with a hole on the center so you can make them into abacuses.
Precious metals are not an investment. They are a form of insurance.
and the best way to save wealth.
Trading in fiat currency for precious metals... Is Like trading in fake monopoly money for REAL MONEY 💰...😊
I don't understand the "insurance" idea. I had a friend that said: "IF the would economy fails, I have gold".
I said: "IF the world economy fails, your gold won't be worth a slice of bread. However, my box of ammunition will be an Extremely Important bartering property".
@@shack6111... that's funny because I think Most people who own GOLD probably have ten times the Ammo of those who don't. ..😅😅😅
@@shack6111you forgot to factor whom world will fail?
I think we can all agree our worst investment we have ever made in our lives was the time we invested watching this video LOL
No NASA for sure is #1 haha
@@TontoBongRonto I agree actually. Nasa is a joke
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂agreed!
Baaa agreed!
@@TontoBongRonto lol
You are so delusional about monetary system
FACTS
Indeed. There is a reason people in Asia own PMs, because we've had a much longer history of civilization than the West to be naive enough to trust the system. If you really look deeply, the West is already poor, most people in the West just have debt or IOUs of social security from the government, nothing tangible that is a real insurance. I'm already seeing this in EU. Scamdemic created in EU just so people are even more dependent on the state eventually leading to slavery. Well some people never learn.
@@rishabdhar6900 Agreed, hence I stack and prep. Counting on the government for your existence is making a VERY foolish bet, IMO.
Thats just great. A precious metals person calling others delusional. Hey does an once of gold buy the dow yet? You know, both going to 10K. Just like you metals guys told me last year. Hey how has the stock market done over the year? How about bitcoin? Hey, how has any investment done compared to loser dying gold? You metals guys know that your beloved gold is a dying asset and does not protect you from inflation. Bitcoin itself insures golds death. You really think younger generations are going to keep investing in an old relic? You think that corporations will not soon start dumping their gold holdings for crypto? You actually think they the people that manipulate gold and silver would ever let it go up? I have never known more delusional people than precious metals people. Biggest mistake of my life was buying into the precious metals crowds BS. It has cost me dearly, both financially and my reputation as I tried talking all my freight and family into investing in gold last year. Thank god they did not listen.
@@f1hotrod527 Manipulations only last so long. Unless you are suggesting you are gonna use virtual electronics as well along with virtual currencies. Stock market has barely moved anything in last 20 years. In 2000 Gold was $200. Now at $1700 (almost 8X). Dow was at 12k and not even 3 times, with Nasdaq just barely doing 3x in last 20 years.
I'm young generation, and I do buy Silver. I don't know where you get that crap from about why younger generations won't buy precious metals. Speak for yourself. Infact most of my friends are gonna dump Bitcoin holdings at around $100k to get into PMs. No one wants to sit and bleed that 80-85% crash that Bitcoin always gets post halving peak.
For Bitcoin, ignoring its initial 8 years of rise (since it was just trying to reach fair value in those years), since 2018 January Bitcoin is up 2.5X. Unless you've been living under a rock, you'd know that there is NO silver available at futures fake price today. In January 2018 Silver was available at $16 an ounce, and now you can barely find any for even $30-$35 (pretty much same returns as Bitcoin), with the peace of mind of significantly less volatility. Even Gold went from $1200 to $1800 (up 50%). We'll see how much Bitcoin goes up in future - this already is the worst halving ever in Bitcoin history in terms of gains. Even if I assume a Bitcoin price of $200k, a typical crash of 80% on Bitcoin will bring Bitcoin to $40k in a year or so from here. Which is basically where it is right now.
Not to mention Bitcoin has inherent risks involved such as cybercrime, lack of privacy, requirement to always be digital - what are you gonna do if the state cuts off your internet like they often do in third world?
I forgot inflation was a conspiracy theory
I forgot that regular currency like cash would be worthless if the economy goes to hell
Well if he did sell all his silver when he made this video I bet he wished he sold it August or july
nice pfp
Well monero is the biggest sleeper in the game. I hope your CPU is mining the shit out of it and your grabbing.
@Sir Isaac De Nigginsnoots The world bankers control the prices of gold and silver. You’re better off holding cash then buy stocks and crypto when they crash, which will be soon.
"I could have bought an ETF and I could have been 100% certain that the silver I was buying was real because and EXPERT on the other side was taking care of making sure that it was real." Because EXPERTS never lie? LOL.
Especially after making the comment about how the expert at the dealer ripped off. Lmao
Ole Boy Faucci never lies!
what exactly makes a person an expert anyways? your belief in them, thats it.
😂 😂 😂 😂 😂 Like big pharma
I guess he does invest in Pfizer and Moderna instead of physical metals because EXPERTS LOL
This guy is working for the system I have gold and silver and have been told by guys like this that it's worthless but all of my rich friends say it's the best investment you can ever make
I was going to buy a £600 quid tv, but I bought some gold instead. Tell me how that’s dumb?
Too many people buy scrap instead of real valuables. the PM that you have in your hand, you can always resale a few years down the road and get at least 98% of what you paid, or 110% in good times... but that 600 quid tv ? that would devalue from 600 into 150 in two month. good decision my friend! so bad few people understand what to do with their hard earned money
if your goal was to watch movies/tv shows you failed spectacularly
If gold is so valuable, why are they selling them?
If gold is better than fiat money, then why are they accepting fiat money to sell you gold?
Go figure who's the sucker... the buyer or the seller?
@@A.I.- I think the main reason why you can buy gold with fiat currency is only because fiat can still buy you stuff and because of how the financial system is rigged right now - you actually need paper currency in order to make the bulk of your daily purchase, I can't see any big-box store or city / government office accepting gold coins, even though the gold coins are worth much more than the paper (it takes real energy to prospect, find, dig out and refine the fine gold and mint a coin - while it takes zero effort, a 2 cent worth of piece of paper and a 2 cent worth of ink to print a 100 dollar note)
@@A.I.- the twister is you need more money to buy the same weight in gold over years so the paper is not worth as much.
I’m sure there are long term stackers in here but in my experience over the past 12 - 14 years has been this. Gold if bought at around the lowest would have doubled. However, I’m the last 10 years or so it’s dipped and hovered around the same. You won’t lose money but you won’t gain too much either.
Silver on the other hand went up to about $50 an ounce then went to a low of about $12 and now back to about $24. You need to pick a price point and stick with it. I would never get into digital gold and silver. Physical is always better UNLESS you’re going short term.
"Don't invest in things you don't understand."
"Invest in something better like ETFs or a thumb drive with crypto."
Nice.
lol. exactly.
Idk why I clicked on this, biggest scam, he got ripped off, does it mean you shouldnt buy gold or silver ? I recommend buying
silver but educating yourself about it, ive been learning for about 2-3 weeks now and I know enough to get ripped off which makes
silver investing worth while for me
Two things happened since this video was made. The spot price in gold and silver rose to new heights and then settled a little lower. The silver bullion price continues to sell just above the previous high spot price and there is a shortage of physical silver. People are NOT selling their silver eagles. The key is to diversify and be patient. If he waited he would have made a good profit.
You may want to recheck the price chart. That’s not an accurate portrayal.
@@NolanMatthias you may want to check it mate , my silver Kruger Rands are now 3x what I paid for them
@@travelsouthafrica5048 should i buy now or wait for the recession?
@@imhopelesslyaddictedtofent4266 its a long term game , I am always buying small quantities at a time , look at it as you do with a pension fund
Exactly, if its so dumb to own precious metals then why is China and Russia stocking up on it? Why aren't they ridiculed as conspiracy theorists?
Any guy who factors "coolness" into his investment ....... well, that speaks volumes. Yes, he certainly should not be doing this. Please stick to mutual funds and keep paying your bank bro.
This guy is a genius because this video is his equivalent of "I lost all of my guns in a fishing trip." He went on a public social media platform and said that he was going to get rid of all of his precious metals. No need for anyone (or government entity to come looking for it at his home.
LOL
I think the IRS refers to that as a "Red Flag."
You have a valid point there! Hey! Where is my gold? Oh man I've lost it too! - and that's evidence!
WHY DO YOU ASSUME he bought it with untaxed money!!!? that's quite an assumption< that hes a crook!!IS goofing around in this gold Silliness' evidence hes evading taxes?When he sells it AND loses 3-6% in fees,THEY WILL PAY HIM WITH A CHECK!
Biggest problem I see is I unfortunately live in a greedy state that taxes the purchase of precious metals! Then when sold the state as well as the federal government extorts capital gains tax from it! Purchases from the bank on money that was already taxed, it will have to increase in value many, many times just for me to break even!!!
Honestly, I love my country and what the Founders tried to establish, but I'm also starting to hate it, too. Marxist-indoctrinated useful idiots are destroying it form within.
I don't think you can go wrong with having some gold and silver as part of your wealth.
When it was once popular, I had a $10,000 stamp collection, many purchased at auction prices. The same dealers offered me nothing when I wanted to sell my collection of little pieces of paper back to them. You keep your paper and I'll keep my "precious" metals any day.
I had the same experience with stamps. Buying them over many years was a total waste of money.
Lol, silly man.
Hahahaha indeed!
Today 3 years after this video was published gold made a solid 50% plus. That is outplaying inflation quite well.
You never explained what the difference was between the two bars that made on worth less that the other.
To sale, dealers pay LESS than spot price so they make $$$. They buy for less and sale for more than spot. That's how they make money. But it also depends, certain coins like American golden eagles and buffaloes, often sell at, or MORE than spot price, but when you buy them the premium is also higher.
We don't buy for an "investment". Never fails to amuse me just how little people know about the reasons we buy. It's a hedge against inflation/store of wealth. That's all. NONE of us think we're going to get rich buying gold/silver.
You said it, @dougrose72334. Too many idiots out there thinking that they're going to get rich by speculating in gold and/or silver. That's not why ANYONE should be buying gold or silver. My god, people of today are utterly ignorant about money.
Worst investment for someone that likes to make good money!
@@GerardoLopez-xu9ft do you read bro? I literally just said we don't buy it for an investment.
@@byteme0000 that’s because people today are always looking for a way to get rich quick.
If you want the cliff notes - 2:54 (he's mad at a shop he visited once)
personally i never ever buy bars that were minted in kazakhstan its just my personal opinion, but i also think its like a rule as well...
@@aniceguy9876 is there where his bars are from
@@solidus1995 no..........................
but the point is any silver bar should be suspicious, if your going to stack silver bars it is sort of silly really, because you NEED a recognised brand of silverbar. So your going to pay a premium, like if your local area has a well trusted bar like Fort Knox silver bar then that is going to cost you more.
To me stick with generic coins as close to spot as you can get. you can move them and hide them easier and not break your foot if you drop them...
if your able to grab a 1kg bar of AG then grow up and learn and just buy TRUE money as a 1/10oz au
@@aniceguy9876 This moron definitely didn't stick to Sovereign coins, and probably still owns new luxury cars he hasn't paid off.
check ! he bought it when he just was starting to stack.. and he still made profit on what he purchased, even on the the bar , that he said wasn't worth as much.
Gold has outperformed stocks by 100% in the past 24 years, since Y2K. Stocks up 300%. Gold up 600%.
I'd like to see you trade in that gold certificate for actual gold when shit really hits the fan.
@Brian Trudeau this statement makes no sense. We used gold and silver as money until 1964. Your "beast" system has come and gone times over in other parts of the world. Actually Germany gpt hit twice and had a leader that fooled all its people.
@Brian Trudeau so get outa here with your doomsday Bible lies
When the 'shit hits the fan' gold and silver won't be worth jack shit. Food, shelter, clothing...and maybe special skills will be worth more than life itself.
@@zacharybernard8805 its hilarious when leftists think a fiat currency is modern, and centralized control is new and needed. Read history, and not the government version.
@@Countcho what? Your stupid. I just said gold and silver was used until 1964 as money. This is a true statement since paper money didnt become a thing till the late 1700s early 1800s. You may wana learn how to read
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I'm a silverbug myself and I just can't believe seeing this video of someone stacking this for a long time and being so oblivious about the whole thesis at the same time. It's actually painful to watch. I think this will be a painful memory too.
this is why america is a failing society. dependency on systems of government.
What exactly would the point be of physical silver? It's near impossible to sell, as nobody wants to buy silver from some random dude. And shops will pay 25% to 50% less than the market value.
@@alexandercrush It's probably the most undervalued asset on the planet. Including inflation into the price, it would be close to $1,000 per Oz, so what would the true value be?
@@dwinnied Well it’s dropping hard today.
@@alexandercrush It sure is, anything can happen short term. They could drive it down a lot further too. But it won't last long anymore, their attempts. Barely any physical supply left. Everyone knows now the Comex has zero to do with the real value. Nevertheless before its resolved it could get really ugly but that will only accelerate the squeeze because more and more supply will be bought.
Videos like this "motivate me to buy MORE SILVER"
🤣
It sounded like he was making a video based on reverse psychology methods. He knows gold/silver is one the best (if not the best) investments you can make but he don't want us knowing that.
❌ Try again. We buying gold all day ! 😂🤣🤣
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@@dynasty5053
Facts !
buy GOLD & crash the FEDERAL RESERVE !!!
I just sold a stack of silver dragon bullions. It went up 65 percent since I bought it in 2018. And I have three more.