Why you're not going to get rich from precious metals
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- Опубликовано: 10 апр 2024
- Welcome to my channel, today I wanted to cover the longer term returns of precious metals Vs some popular ETFs.
#preciousmetals #gold #silver #platinum #stacking #coincollecting #coins
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Precious metals wont make you rich but they’ll protect you from being poor
This is true
Really?? During the Great Depression. People who had money in investments and stocks did very well, as did those who owned land. Silver was a measly 29 cents an ounce in the depression!! Through the World War II years “a useless 70-80 cents an ounce!!Silver/Gold mining stocks “savings, insurance, wealth preserver or hedge is a myth!! Silver hasn’t hardly kept up with taxes, let alone inflation!! Check the year over year rate of return!! 😂😂😂
@@Jukebox1968 I think if precious metals do boom, say double or triple from what they are now then I think the world will be in a seriously bad place and probably won't make a difference what you hold or don't.
@@the_islandstacker metal no longer carry that kind of impact. Two days in 4 1/2 billion years, silver was worth anything!!
1. January 1, 1980 $39.95
2. April 25, 2011 $49.80
The world didn’t end, economies didn’t collapse.
Of course neither up day lasted till the water got hot. Neither will todays $28+ 🤷♂️😂😂
@@Jukebox1968 the correct way to look at it is from 1971 onward, after the US left the gold standard. Prior to that silver and gold were components of the currency. Tho silver might have been .29 cents /oz that would equal about $24 worth of buying power today so the actual metal held its purchasing power compared to the .29 cents.
But,if the market crashes..You will still own your gold..
Indeed, still have my 8oz 😊
If you go back 20 years gold outperformed the S&P 500. 25 years ago gold was around $250 per ounce now it’s pushing $2500.
Yeah if you go back further it has performed well, I wish I was able to buy at those prices. I have both gold and the S&P so fingers crossed 🤞
@@the_islandstacker I had a supervisor try to tell me to buy gold in 2001 and he hounded me about it until 2005 when I quite working there. I was 19 and didn’t know anything about gold at the time. That was the first of many pieces of financial advice that I’d later regret not listening too 🤣
@@TN-cx4qi I've never really had anyone to guide me, learnt along the way making my own mistakes.
either you winning or learning 😉
@@ponchosancho7710 everyday is always a learning day
You are thinking about this all wrong. What about looking at the 10 year period where silver had its best growth? And that is why you can't just take any old time period when thinking about this. You need to look at purchasing power over time with the metals. You also need to look at other factors such as manipulation, suppression, and undervalue. Gold and silver will act as a crazy good investment in the years to come. Normally it isn't supposed to, but because of the other factors, it will.
True there are other factors to be taken into account, I was just looking as a broad overview.
yea $5 back in 1998
Exactly my thoughts. Here in the UK our national debt is currently £2.65 Trillion and if you add to that Public sector pension Liabilities the debt is closer to £6 trillion and we have no hope of ever paying it back. Last year alone we spent more money servicing our debt than we spent on the entire education budget. Sooner or later the UK will be forced to de-value the currency and along with other factors I believe Gold will make massive gains. I don't buys silver due to the 20% vat but each to his/hers own.
Whether you get rich on metals depends on how much you hold, really.
I guess, but works the same with stocks
@@the_islandstacker so given the option between gold or shares of stock in a company, it's the same? That stock can go to zero. Gold never has.
@@historyiwitness5915 very true, but I don't just hold one stock it's well diversified
@@historyiwitness5915 Exactly, it will always cost $ to dig up and process gold and silver.
Has the share market ever been negative?
BS...I have been saving gold coins since 1981. I am 65 now and preparing to retire. I have concerns but none involve money. The gold coins took about 40-50 % of my invest able income. I never viewed them as an investment but strictly as a savings vehicle. One of the best things I did in my life.
Agreed. If you want growth over the next 10 years, buy Bitcoin or cryptos.
If you want a safe place to secure your wealth and beat inflation, buy gold & silver
Think of buying metals as buying insurance. You are ensuring your future purchasing power.
Gold and silver are only up in any other currency other than the dollar. You’re not going to get rich like a tech stock but your preserving purchasing power with excess income.
Greatest reason for stacking is NO COUNTER PARTY RISK.
unfortunately, there is counter party risk... for if/when one needs to "sell" or otherwise exchange one's metal, one is beholden to whatever "price" (or exchange value) that a buyer deems acceptable and/or is willing to pay. In a time-sensitive situation, this can be a big issue.
Good to see stackers waking up and doing the math instead of listening to the talking heads at the bullion channels talking their own book. They sell it at a premium and buy it back below spot.
You say platinum is not the metal to be holding even after it is down over the long term…I think that platinum has the most upside since it has been depressed for so long
That's also true, but it peaked in 2011 and hasn't really done much since then. It would be great if it had a run and jumped back in front of gold but unless they change it's usages don't think it will go back where it was.
It's important to convert your costs to today's currency using CPI data in order to calculate your profits.
Nonsense, gold is $2390.00 per ounce. Silver is just under $30.00 and will not go lower.
Stocks are a scam, especially in america. But honest metals? That's the real investment!
Everyone has their preference what they like to buy/sell
adding to my premium bonds and holding off on everything else now but defiantly not selling to much trouble around the world
I can't say I have any premium bonds, need to max out the ISA first
Dividend yielding fund perhaps. It's a good idea to keep your hand in on saving with gold as the ultimate hedge against disaster, but you're going to need some shares to build a passive income. Also paying off debt is a very good thing.
I agree I'm not selling all my metals but I've got a higher allocation to it than I would like. I'd like to get to about 10 percent of funds in metals but I'm closer to 20 at the moment.
Same. I think the old 5-10% is outdated. 10-15% now I think. I'm also at 20% and I'm going to hold steady. Maybe you should too.
@@michaelphillips3123 I have sold those 4 coins and will probably just hold now and focus on my ISA this year
Gold is hedge against inflation. I think during certain year(s) gold did better and in others stocks e.g. when gold was delinked from dollar in 1971 gold price increased from $35 to $850 per oz. Soon USA will be paying about $1 Trillion interest on the debt only. This will reslut in inflation due to Federal Reserve bailouts of the govt. So, I think gold may outperform stocks in the coming year(s).
Your video was useful provding good comparison between gold and stocks. Thanks.
It will be interesting to see how things pan out over the next few years too see what comes out on top.
You bought the metals and have been speaking about them on your channel. This is confusing.
I do have metals for the same reason most people do, I'm just saying compared to other assets.
Was buying 4 sovereigns for £100 ,and 1 oz of gold was £175,ive made my fortune ,😅😅😅😅
Very nice 🙂
I just started my gold collection like a week ago and silver. Got a king Charles coronation coin 4 gram. It was 260. Everyone say it was not worth it. But In time ik it will be only 14 that coin when I'm older could be worth a small bit
If you hold metals for long enough they should in theory retain their value unless as per my video you held platinum 🤣
XAU vs SPX in the NEXT 10 years will be a different story.
Guess there will always be something to compare.
What assets can maintain during a blunder???
Guess depends on what the mess is?
If it's truly bad it won't make any difference😅
For me it's just mid to long-term savings.
I look at what the owners of the main shops in my town drive,and they look like they are doing pretty good.
What are they selling that's so good?
Nice video thank you:)
Thank you
Like #41 - another great video mate
Cheers 🍻
I'll probably stick with my stocks.
Peter you mentioned being rich while others suffer true that is the nature of this financial system it is impossible to function if all have the same amount of income currencies . I suggest this Peter Help some people out , the most interesting thing one can do is reach out to someone and the little it takes from your pile to change another's life permanently is really not even lunch money Sir. To share with teach and arrange things right you dont even have to let go of the cash you can setup returns that assist someone truly in need and trust me their is many many people good people in real trouble to no fault of their own just the sad way a free financial system works like this again it is impossible for everyone to be rich technically in this type of system or we would all be poor than . God Bless and may we all be rich in God and his wealth is eternal and truly Golden
The old rules are out when discussing gold. 1 BILLION MORE PEOPLE ON EARTH IN 20 YEARS. Demand pushes up price. Demand can outpace inflation , giving you a healthy R.O.I.. China buying up gold like crazy. Even outpacing India.
Everything will be different in 20 years I'm dureb
Liberty has little to do with Fiat control And taxation without representation
Hmmm
I have to become a blogger.
For the last 3 years I bought 520 one ounce golden coins.
My only regret is having too many Vienna Philharmonic instead of rounds and kangaroos
Wow 520 ounces in 3 years is crazy, you really brought 14 ounces a month?
How stressful is the mortgage? Not being rude
It's manageable but would like to get it cleared down a bit quicker if I can.
At least you can afford one, it a harsh expensive world
@@speakupreality633 I worked hard to just get on the ladder, and timed it ok. But still only own a percentage of my flat
@@the_islandstacker well done, it's just madness the price of everyday things.
@@speakupreality633 oh it is crazy, not sure where you are based but the cost on my flat should buy me a 3 bedroom house 😅
I will become rich off of my precious metals - especially Silver.
Over what time period, as silver hasn't done much recently
The next 10-20 years will look nothing like the last 10-20 years. To not consider pesky details like, oh I dunno- like the global financial system nearing the end of its long slow-motion collapse, or say, the strong prospect of war looming on the horizon (along with other unprecedented factors) - is careless at best.
I'm sure the next decade will look nothing like the last one.
Price of food outperforms gold 😅
😂😂 it's the return on the market
Want to sell your gold if you dont trust it?
Ill buy it and you can trust stocks
Didn't say I don't trust it and I still hold gold and will continue to. Just wanted to show it's performance over recent years, even though I know it's not viewed as an "investment" in the same way stocks are.
Lol......this guy is funny.... Stocks are falling 😂😂😂😂
What stocks are you looking at, most stocks have been on the up for the last few weeks
I’ve only bought $500 worth in case I need to flee the country from the dollar/US Collapse 😂 need to bargain with something
Always good to have some just in case
You basically have nothing.
$500 ain't $#it, bro. You're gonna have to sell dat @$$.
@@michaelphillips3123 all have to start somewhere right
@@mikhailkalashnikov4599 😅
"...debating what to do with the money..." Might I suggest a manicure?
😂😂 I know my hands aren't pretty but are they that bad 😅
Nope. But you will with ISO 20022 tokens.
There are a lot of things like this that might do great if the circumstances line up.
pretty ignorant way of understanding markets...gold can certainly 10x...let alone silver doing a 10x is absolutely possible. just because the past 10 years don't seem the best does not mean metals will be lose for eternity.
True and over the next 10 years metals might out perform other asset classes but personally I don't think they will based on pay averages
Have you got a cold?
No why do you ask?
If the price gone up, why you're not getting rich? Just like stock, only "it does not makes me salivate" as Warren Buffett said.. 😂😅
I mean the price going up helps but just in a comparison it's not as good
@@the_islandstacker Hindsight is 20/20 vision. Look in front of the car when driving, not the rear view mirror.
Gold is money. It is not an investment. It's a store of wealth and insurance. The fact that you think it's an investment obviously shows you do not understand it
As I said in the video I know it's a store or wealth against inflation etc. But don't see why it can't also be an investment.
If something stores your wealth it is, by definition, an investment!
Give up. I’ve tried until I’m blue in the face trying to explain this. For the love of God and everything Holy it’s money(store of wealth) not an investment.Insurance. You can invest gold into something but the gold itself is just money.
Tell that to someone who invested in gold and silver back in the 70;s
@@georgehorner1578 would definitely get some decent gains on their investment
Dude.
You've heard of Bitcoin, right?
Yes I have, but bitcoin is not for me too high risk.
@MericaMilitia76
its the best performing asset for the last 15 years.
@@MericaMilitia76 is that supposed to make some kind of sense?
@@MericaMilitia76
Fuc Blackrock . Jesus!
bullshit, gold has outperformed the stock market over a 10 year period. PM are NOT an investment. Just an inflation hedge and should be 5% to 10% of your portfolio.
Compared to say the S&P 500 and a global index it hasn't unless you are seeing something I'm not