Gold Replacing the Dollar
HTML-код
- Опубликовано: 4 июл 2024
- Are gold and Bitcoin replacing the U.S. Dollar? Has the petrodollar pact between Saudi Arabia and United States ended? Is the dollar dominance on its way out entirely or loosing ground a bit at a time? It all depends on who you care to believe.
✅ SUBSCRIBE ▸ ruclips.net/user/2is1gold?sub_con...
✅ JOIN ▸ / @2is1gold
▸ Instagram ▸ / 2is1gold
▸ Discord ▸ / discord
▸ DOOR MARKED PRIVATE: / @doormarkedprivate
🔥 SDBullion Promo: sdbullion.com/new
CAPSULES, CASES & SUPPLIES
▸ Capsules for Gold Eagles, Buffalos, etc. - amzn.to/38TpVE9 (32mm)
▸ Capsules + Tube - amzn.to/3F1FYgX (32mm)
▸ Capsules for Gold Maple Leafs - amzn.to/3pYmLoO (30mm)
▸ Capsules for 1/2 oz Gold Eagles - amzn.to/3nVpfCq
▸ Capsules for 1/4 oz Gold Eagles, etc. - amzn.to/2LHteFN (22mm)
▸ Capsules + Tube - amzn.to/3UI0D0s (22mm)
▸ Capsules for 1/10 oz Gold Eagles, etc. - amzn.to/3roUzLy
▸ Pelican Micro Case - amzn.to/3r6HtUd
▸ Theory11 Playing Cards - amzn.to/3ec9B4L
▸ Field Notes Notebooks - amzn.to/3fuWoq2
▸ Digital Scale - amzn.to/3HZTox3
▸ Sigma Metalytics discount: tinyurl.com/2cu5ejk8
HELPFUL VIDEOS
▸ Gold Coins 101: • Gold Buying Advice for...
▸ Storage: • Is Your Gold Safe? Sto...
▸ Capsules: • The Best Coin Capsules...
IF YOU'D LIKE TO GET IN TOUCH
2is1gold@gmail.com
BEWARE OF SCAMMERS
I don't ask you to message me in comments or on other platforms.
DISCLAIMER
All content here is for entertainment purposes ONLY. Nothing I present shall be considered financial, tax, legal, insurance, or other advice and may be outdated or inaccurate. I am not a financial advisor and am not qualified to give financial advice. I'm just a guy on the internet, talking about precious metals.
Some links in the description may be affiliate links and lead to commissions from qualifying purchases. If companies, products or stocks are mentioned, I may receive payment or other consideration. DO NOT make buying or selling decisions based on these videos. It is your responsibility to do your own research and verify all information. If you need advice, please seek out a qualified professional.
I will NEVER ask you to send me money to trade or invest for you. Please report any suspicious emails or fake social media profiles claiming to be me.
Thank you. I appreciate your support!
it is very difficult to accept that everything is taxed over and over again, but at least gold is tax-free here in austria
Gold is either tax free or low taxed when the rulers own it.
Tax-free here in Alaska also.
Really? Maybe i need to move back to Willow my childhood home.@wasillastacker
@@shelleykennedy6076 come on back today is a full sun 70 +degrees gorgeous Alaskan evening!
but wehn u sell ,there is capital gain tax
There is no capital gain on gold and silver! A pre 1933 $20 gold piece (approximately 1 ounce) would buy you a very good suit and a fine dinner. Today, 1 ounce of gold will still buy you a good suit and dinner. It has not gained value, but the dollar has lost A LOT!
I'm afraid that when the dollar collapses and the gold-based digital currency BRICS enters, then gold will not gain against the new currency, but will lose
Tell that to the machine gun toting IRS. We pay their salaries, they are incompetent- losing billions of dollars a year and can ruin your life - even if you are right and pay your taxes errr- especially if you are "right". Thats why I will pay my Capital gains tax on metals- if that ever happens-- bit you are right -They should be paying you for wreckless spending, fraud and above all -Dollar devaluation caused by inflation. I spent 8 years and all my money for their error, my paper return was in some warehouse underneath tons of others . Truth !
But try and break even by protecting yourself with essentially rocks versus paper paper..and if you basically break even they call it income. It is criminal and then the waste and fraud and 35 trillion in debt keeps piling on as Biden keeps taxing and lying about who he taxes--and then gets 10 million from China with his crackhead son and pays no taxes. It cant last much longer-it never does... but they gave unlimited resources that they stole from you--so pay up or face financial ruin right or wrong. One reason to think twice about screwing with rocks versus paper at all....and they can confiscate it at will. They already have. Beware.
Obviously we cant trust the news. I live in Panama where the dollar is king. If you had to sell a gold coin in Panama it would not be easy. Heaven help you if you wanted to sell a Silver Eagle. These items are not valuable in Panama. And, its like this in many places. There are many places where gold and silver have no demand. Cash is King in Panama. Period. Its hard to get a loan in Panama. You need cash. Gold is only a long term back up in Panama. I mean long term. Gold is not even discussed where I live. Its a non starter. I do not even have to report my gold holdings to the Fed like I do any cash I have in the bank. Latino countries in general would prefer to have the dollar over the local currencies. Now, this may change. We do not know what is in store for us in the future. But when it does, its going to be in all the papers. We will all know about it. And, our standard of living will adjust lower when this happens. Saudi Arabia will quit accepting the dollar when its convenient for Saudi Arabia. Not a second sooner.
Well put.
That’s because Panama is a poor county and can only focus on what’s in front of its face, which at the moment is cash. I doubt very many Panamanians hold an investment advisory account either…
Gold is the oldest and truist form of currency/store of value.
Interesting none the less but in the US gold is easily converted into cash
@@Lowiqpeoplethinktheyresmart The point of my comment is that you better have sufficient cash on hand. When the recession comes people in the US are not going to be worried about buying gold either. They will be selling gold to get cash. Dealers are not going to be able to handle all the gold that will eventually be returning to the them. Mostly only rich people will be able to keep their gold in the future.
No offence but the country is trash for a reason and mainly because the population in general isn't smart. Gold would be better than the dollar especially if you are poor.
@@glenh4971 Yes yes yes.
In 1912 the U.S. had Hospitals, Police, Fire departments, Army, Navy etc etc etc All funded with out income & property Tax. Google photos of NY, Chicago, Philadelphia a lot of those building are still there, pictures look the same except for the telegraph lines & air conditioners
My favorite gold channel!
Thank you!
Youre the most cool, calm & collected person. I appreciate that 🥇
Ha, thank you!
Wait….let my CD’s mature in 3 months and I will convert to gold. If you don’t hold it you don’t own it.
Lock in another 18 month CD with Ally Bank
Even then Uncle Sammy wants his hand in your pockets.
If anyone thinks the USA is taxed too much, go to Europe
That just means both are taxed too much. We left Europe to get away from all those taxes, and now we have brought them here. We need a good old fashioned tea party.
Ya know; you when you say you appreciate our time, I believe you.
Very true. 🤜🤛
There is nothing out there capable of replacing the USD.
What gold is replacing is the Treasury Bonds i.e. US debt.
@BA-It2tx
You are going to in for a rude awakening.
God told me directly, that the dollar collapse is near the end of this year.
BRICS led by China is the new sheriff in town, and the Chinese digital Yuan will replace the dollar as the top global reserve currency.
Never say that you weren't warned.
???
I accidentally deleted a comment about inheritance tax I can't recover. Sorry friend. I must have been speeding.
GOD SAID, THAT THE DOLLAR COLLAPSE IS NEAR THE END OF THIS YEAR !
I love that you are very up on everything that deals with Gold...it help's me to not have to be. Love your channel brother, Skol!
Thanks!
You are not alone on that "bad attitude".
Bad attitudes love company. 😄
Taxes 🤦🏽 I need a drink now.🥃
Sorry to wreck your day! 😂
Some of us can remember the oil embargo when you had to wait in line for hours to get gas . Gas is still $3.39 / gal here and no lines. Had to figure it was a non issue
I was surprised to see people are still propagating the story even after seeing no impact.
@@2is1gold Watching for impact usually requires some cognition. 😉
I was really eager to hear your stance on this! Thanks!
My friend I’ve been telling people that gold is going to replace the world reserve currency as the new world reserve asset. Now everyone is seeing how it’s going to happen. They didn’t make gold a tier 1 asset in 2019 because they were bored.
Ive read this was false, also read the deal was never written on paper
I could see currencies being backed by gold but never replacing spending money because it’s far too valuable for that and you couldn’t get small enough pieces for it.
Silver is for day to day transactions
Gold is for bigger things like selling a house or something vety expensive
4 toz of silver gets you the weekly groceries
1 1/2 toz silver fills a gas tank
Of course it can. Think digital. Dividing gold to 1/10,000 of an oz. would not be at all difficult. Only
problem there is that governments and humans are prone to cheat where money is involved.
Most folks don't stop to consider how much things are taxed. At least my metals aren't taxed while I own them. That's one reason why I hold them. Thanks!
Yeah, I'm stopping to think about it more and more. Cheers!
Yes the deal was more of a handshake and not a signing Ironclad deal. But I would like to point out that any dollars that would have been used to buy gold now have a better chance of not being used which means that money's got to go somewhere else and it's more likely going to end up back in the United States which adds to the inflation
Thank you! Excellent content.
Thanks!
One other point that gold bugs or collectors should realize is that Fiat currencies have an end and all of this is based off of confidence when we see the deterioration of a purchasing power that's an indication that things are coming to an end so let's prepare
They say no ink, just a wink and nod. Just ask Sadam and Omar how that worked out for them?
The US govt behind their deaths
For years I have bought most of my silver and gold coins , rounds ect. at my local flea mkt. Cash and carry , no trail. AND his prices are always lower than pawn shops. I take the cash out of my account a week prior , with " for groceries " as the entry on my online banking register. Ammo can, shovel and a map for storage.
Benn buying for years had a bunch ,.....Dam 3 hour tour with Gilligan lost it all......
It seems that usually the lies float to the top. "It's easier to fool someone than it is to convince them they have been fooled."
Yep.
Exactly right. Both con games and most government programs depend on this facet of human nature.
Thank you for the information.
Thanks for watching!
Time for a tea party.
Taxes is quite a drag, In Australia i have to say that they are pretty bad, from memory a new "sun tax" has been introduced where people with solar panels have to now start paying taxes on the money saved or something along those lines. Which to me sounds ridiculous as that was supposed to be the original plan when making the panels years ago when they came out. i have recently started reading a book on taxes and what you can take advantage of legally with tax. when you know what you can take advantage of with tax, that's when you can build more for yourself and your family.
I can’t be convinced tax codes aren’t intentionally complicated.
@@2is1gold yes, the book said that the Australian tax legalities and information is apparently over 100,000 pages long and that information is coming from an accountant. (the author)
Damn right it's done on purpose so you would go the "easy" way.. greed is showing without shame.
@@2is1gold Just look at how much H&R Block and Intuit (Turbotax) spend on lobbying every year to keep things complicated...
I just paid $650 for a cart of groceries at Walmart. Nothing fancy, standard stuff.
If that doesn't show you that the dollar is toast, I don't know what would.
Did you buy it with USD or CNY, though?
@2is1gold I bought it with dollars... but, it took twice as many as it did just 3 years ago
Carnivore menu for your best health.
Stop eating junk food and plants to save money and get healthy.
Watch doctor Shawn Baker and doctor Ken Berry.
Did you get a Kiss? LOL.....
Really interesting. Thank you for the balanced assessment regarding Saudi and the petro dollar👍👍👍
Gold could replace the US Treasury as a monetary reserve asset. As a means of exchange it would be unlikely.
not sure about that. Gold had been reserve asset and has been cancelled. The next reserve asset will be Bitcoin. You might deny this idea and you might not understand why this will happen but it will. The first government to use Bitcoin as reserve asset will harden its currency and will be debt free on short term and have a huge advantage.
@Artiskon , Hmmm...?
Then why are banks and Countries buying GOLD & NOT bitcoin ?
🤔🤠✌️
Obvious observation doesn't support your thinking.
Gold has been "canceled" & "resurrected" many times throughout history.
@@Artiskon nah I don’t deny it. Been cost averaging into bitcoin since it was $200. Don’t think its quite the reserve type asset its a great means of exchange though. Only time will tell.
@@tonydanzl some countries already buy bitcoin and I'd bet that until the end of this decade many more countries will.
Perception changes slowly and as we want the rest of the world to understand that bitcoin is the best money within the universe that we know we have to understand that banks and countries are not willing to give up their power over their currencies which they can print whenever they want to pay whatever they want.
It's a slow but steady development / change and that's ok.
Quick question , if I own stocks are they affected? Is that not a safe heaven from the dolllar?
Great video brother thanks for the info 🥃🥃🥃 have a great week 👍
You too Nate! 🥃
Always interesting.
Is there a good book that lists gold coins similar to the red book? Preferably all world coins. Or another source?
Never could figure out why the half ounce coin is so disliked.
gold/silver I'm considering switching to Gold.?
As long as there is no protest they will do whatever they want.
Great content 🎉
Thank you!
Thanks🤙
Thank you for being a smart content creator. 🎉
Ha, thanks!
Thanks for the truth!
🤜🤛
Great content as always ! 🍻
Cheers!
The sky is always on youtube. Steady going is the only way.
Per usual: solid content.
Thank you!
Would people really notify anyone of gains that might have when they sell gold or silver?
this channel is Gold 🔥 we need to get you to 150k subs 👀
Thanks!
Yes... and then on to 200k subs. 😀
I’m curious.. how do you decide which gold coins you put in capsules? Your gold stacks are beautiful.
He commented on a video about it, since gold is easily scratched considering it is one of the softest metals, so anything that is proof or is considered numismatic. If you notice buffalos and eagles, he just keeps outside the capsule.
He did a video about this.... basically, use capsules for anything that's 24K. 24K is 0.9999 fine = 99.99%. E.g., gold buffalo coins, Perth Lunar series. Pure gold is very soft and scratches easily. For 22K, or 0.9167 fine = 91.67% pure, they're sturdier and can be handled gently. E.g. gold eagles or Krugerrands. Still, all gold is soft so handle with care. 🪙🙌💯
Yep. These guys covered it, but here’s the video: ruclips.net/user/shortsgJ-V19t_G8A?si=JFrZx_jtN-RXqjD8
@@2is1gold Thank you for sharing the video. To me Sovereign coins are much nicer than AGE and Buffalos. I’m stacking silver… it’s artwork on silver. I also intern at a coin shop and enjoy sharing insight to customers
america has so much oil reserved, we just wanted to use other country's oil, but it does hurt the dollar though in general but i think america knew that thats why they are taxing the lights out of americans and massively spending the dollar as much as they can here in the states. since the dollar is not being spent as much as america would like overseas.
Thank you for also being skeptical about the petrodollar thing, I thought I was losing my mind listening to 90% of the channels on gold and silver just regurgitate that story without even stating where it originated as if it was just a fact everyone should know from 1st grade geopolitics class.
🤜🤛
Those dragon coins are 👍
I have always hoped that I was aware enough and prepared enough to notice a major economic downfall.
Lines at the bank, major headlines, etc.
I'd love to see gold and silver replace the dollar, but I'd prefer it be an orderly process.
I don't think it will be orderly.
Right before the dollar does collapse, I think gold will skyrocket along with silver to flush out the weak hands before TPTB spend the last of their fiat on what physical is available.
Ok so I lost all my Gold and Silver in a boating accident. But when I die my daughter says she will learn to scuba dive and try and recover it. She can then visit local shows 2x or more each year sell a few for cash ( but only if she needed to and thats not likely) so she will probably just loose some more in same spot and pass on the location to the next generation. Have I drawn a picture now of why gold and rare coins are wonderful. Wealth stored with absolutely no one knowing and transferrable with no one knowing and with some common sense convertible if needed.
Teach the next generation to dive!
Gold and silver GODs money and can’t be printed!! Love your content as always!
Thanks!
I can't think of anything interesting to comment...sorry.
Here ya go with more delicious facts & common sense ❤️👍😎
😄
When Gold is High buy copper brass and lead ...
If you don’t have those, you won’t keep your gold.
seed's & canning jars
@@patriotpioneer and extra lids!
Honesty from channels like this is few and far in between.
people just have no money to buy gold or silver nowadays..so..!!!...it doesn't matter how much it costs when you just can't buy it...!!!!!!!!!!!!!!!!!!!!!!!!!
I am going to keep buying silver and gold
I'm a little late on this one but better late than never I guess. All I Want Is Me GOLD! Thanks for the video Sir.. 👍 Life is good....God Bless
Cheers!
love to have some of them gold tigers.
Still buying every 2 weeks. 70% gold 30% silver.
🤜🤛
Just become a billionaire, then you will not have to pay taxes! Easy peasy!
The very first time in the many years I've known you that I already had prior knowledge of what you spoke about today. I did find it refreshing to not hear another disparaging remark about gas station sushi.
On a side note. I'm asking you to please not give me one of those ❤ things until my $2,200 prediction comes to fruition, if you don't mind of course.
Does $2,297 count?
@2is1gold You appear to be making light of my prediction. I seldom share for that very reason. There will always be doubters. I, in fact, doubted you at one time and believed some of your gold was not real.
The world is going back to a gold standard.
IMO, the world will only return to real money, aka gold and silver, kicking, screaming, and leaving fingernail drag
marks every inch of the way. First, however, EVERY other possible alternative will have to be tried without success.
@@edb3877 Judging by the amount of gold the eastern countries are buying... I'd say they are pretty much out of options
I don't trust crypto but I'm happy to see others using it for what it's worth!
Have a good trip! Taxes Suck!!!
When gold is passed on to relatives following death, are death taxes applied, such as inheritance tax, in the US?
No, not like cash. I mentioned how the cost basis is stepped up to the time of inheritance. Capital gains would be calculated from there. Cheers!
Pet peeve of mine, on any one particular channel, people leave comments that are in the same style and wording as the author of the channel might say. Written the same way and in the same flavour. Not sure what to say about it but it’s corny to say the least. No takeaways from the author he does a great job. 😅. Solid channel.
Maybe I just created a bunch of accounts to leave comments to myself. 😄
Birds of a feather flock together. People come here to have their own thoughts and options confirmed and validated, not just by 2 is 1, though by everyone else.
My gold will be passed down only after they find in at the bottom of the lake where I had a tragic boating accident.
If I own nothing and be happy more than likely I’ll be in heaven
@2is1 I truly respect your opinion. You said that the story about Saudi Arabia now excepting other currencies and ending their exclusive use of the US dollar for oil is a hoax and has been debunked. Please give your source for that. I’m genuinely curious.
Made up stories aren't true until proven false, but there are some pretty good articles diving deeper into what I said about the agreement not being what was claimed and not having a 50 year term. Here's one of many news outlets: www.marketwatch.com/story/reports-of-the-petrodollar-systems-demise-are-fake-news-heres-why-4e712804
Cheers!
@@2is1gold thank you 🙏
Debt around the world is mostly in USD, this dwarfs oil money.
I've always said, when push comes to shove and if the SHTF bottom ever drops out, the REAL "new currency" by default is going to be potable water and food. The actual stuff that keeps the human body alive rules over all. Next would be guns and ammo. After that, then medication, shelter, clothing and transportation.
Shwab Is stepping down soon I thought??
There are legitimate mainstream news outlets?
Well, there are organizations that fact check and vet information if nothing else.
The Dollar isn't going anywhere anytime soon. It is getting weaker which is inevitable but i wouldn't hold my breath.
Has Saudi priced in anything but dollars since 1974? What was it priced in before?
"Fear sells".
Truth
You know…we the people don’t have to tolerate taxes….we choose to.
Yes, we do, and for very good reasons too. Like we refuse to live in a 3rd world dung heap of a country that is ruled by the law of the jungle.
Having a decent place to live, work, and raise a family costs money and most are willing to pay that money IF they actually get a decent
place to live, work, and raise a family. Recently, however, we seem not to be getting our tax money's worth.
@@edb3877 Taxes should be voluntary. Government should not be printing any money. Inflation target should be 0% not 2% and they’re never close to 2%. Government should not be able to tax you on the front end 50 times on the same dollar and then rob your purchasing power with inflation and devaluing of the currency on the back end. This is tyranny
The avoidance of taxes is a noble pursuit.
Woah that’s crazy
Another awesome vid bro 👌 👍 👏 🙌
Thank you!
How do trusts work when passing along gold coins? Tax implications?
That's a great question for a CPA or a tax attorney. From random folks on the net? Not so much.
@@edb3877 You are ruining my fun.
What is the dollar? never heard of it.
Any good Texan would know. I'm starting to doubt your residency.
💯
Death and taxes right 😅
Yep.
Well, the good news there is that there are NO taxes in Heaven. If there were, it simply would not be Heaven. 😉
👍👍👍
now it is chip-dollar.
Gold YES, Bitcoin NEVER.
You are an absolute wizard at making ambiguous videos that talk about the same thing almost everytime with very subtle nuances. I mean that as a compliment too.
Ha, I realize I blend. I'd rather bring things back to reality than tear up random hills, but I'll be doing a bit more of that too (but without false hype). Cheers!
You can mix it up and have some fun watching his “Door Marked Private” videos. And-there’s alcohol. 😉👍
@@theenglishprofessor8411 okay, fine. It is Whiskey Wednesday after all. 🥃ruclips.net/user/shorts9TakmTAL-KY
@@2is1gold🥃🧊🥃😄
Wait, the story was fake?!?!? I am shocked. Nay, SHOOKETH!
Real
Renouncing your US citizenship is an effective way to reduce your tax burden.
Can always just make less money too. Lots of good solutions!
Bitcoin yes. Gold no.
we are lucky here we don't have capital gains tax or inheritance tax also 999 gold and silver is tax free
Sounds good but WHERE is "here"?
@@edb3877 New Zealand
@@edb3877 New Zealand
@@edb3877 New Zealand
If it did, you would end up poor.
no
Cope
@@StringPlayerGamerOfficial “Betteridge's law of headlines is an adage that states: "Any headline that ends in a question mark can be answered by the word no."
Face reveal when?
🥸
@@2is1goldNo face reveal, keep the air of mystery and for your safety.
There is /was NO such deal. Dollar is STRONG because Saudis are buying loads of treasuries
And getting access to the military toy shop as well.
@@2is1gold and it explains a lot about the relationship between US and SA. Seems evident that SA has been under reporting its treasury positions.