Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
Thanks for a calm assessment of a possibly difficult situation. With commercial real estate in trouble in big cities like San Francisco, we cannot build much hope for a turnaround.
Interesting, sharp, fact based analysis! Keep up the excellent content. You are appreciated. The smarter, well informed PM stacker will win in the long term...every time!
Excellent as always. Question for another video: If physical currency is pushed out of transactions in forms of digital currency only, what will the role of metals be?
We've received this question a few times. Should we write an article for our Knowledge Center? To give a very brief answer, we think the roles will remain the same. Silver as primarily an industrial metal with strong investment use as a store of wealth, and gold as primarily a financial instrument with all its current functions. Central banks are the biggest holders of gold in the world and they're also the ones in control of currencies. They won't do anything to damage the market to the extent it would affect their own holdings.
@@apmex great insight. I think an article would be great as the intent or “why” is often what keeps people disciplined in investments. Having a “why” banks are storing metals and “why” digital currency is in a way the opposite might inform the public in what they need to make informed decisions and may even cause enough communication to elected bodies so that they intern represent the views of their constituents.
I think an article would be more than appropriate...It is a hard topic to dance around as political movements want us to draw sides but maybe an article on why banks hold gold and why digital currency would have banks hold things on your behalf rather than the individual. This is almost like the individual having the ability to move their money rather than a higher institution but one would have to beg the question, if metals are so valuable for banks and institutions, why should it not be valuable to the individual...and even more, what are and why are there different rules for banks/institutions transacting metals .vs. the individual. In all things, the individual who has a "why" behind their intention, will not be often be a follower. If apmex can provide more reasons "why" then the individual is charged with deciding to be in control of their assets or allowing an institution to handle those on their behalf. I appreciated the conversation on Thursday by the way. Thank you for the opportunity. @@apmex
We seem to be reaping the "rewards" that propping up failing banks with minimal consequences to them helps create. This is the so-called "moral hazard" that has been much discussed online and elsewhere. So, what is the solution to such a hazard? Continue doing the dumb things that lead to this hazard? Apparently so. Every bank that fails should not be rewarded with tax-payer money or by money from their depositors but by going out of business and the bankruptcy court selling off their assets to refund as much as possible to those who lost their money. Making the very large banks larger still is not the answer. Many smaller banks competing with each other for depositors and loans is the real answer. Until prudent practices in banking are reestablished once again, we will be in an endless cycle with no relief in sight. It's now to the point of making me wonder whether or not we can afford the current banking "system". Converting the banks into state-run banking utilities, like a PUD for money instead of for power, water, and sewer needs. The Bank of North Dakota seems to be an excellent model for this.
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
For those who are unaware, banks do "Fractional Reserve Lending" whereby they can loan out a lot more money than they actually have cash in reserve.
why
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
Excellent and timely explanation of current situation!
Thanks for a calm assessment of a possibly difficult situation. With commercial real estate in trouble in big cities like San Francisco, we cannot build much hope for a turnaround.
Very nice quick summary, visuals and facts for anyone who didn't understand or know what was going on, can grasp.
Interesting, sharp, fact based analysis!
Keep up the excellent content.
You are appreciated.
The smarter, well informed PM stacker will win in the long term...every time!
Excellent as always. Question for another video: If physical currency is pushed out of transactions in forms of digital currency only, what will the role of metals be?
We've received this question a few times. Should we write an article for our Knowledge Center?
To give a very brief answer, we think the roles will remain the same. Silver as primarily an industrial metal with strong investment use as a store of wealth, and gold as primarily a financial instrument with all its current functions. Central banks are the biggest holders of gold in the world and they're also the ones in control of currencies. They won't do anything to damage the market to the extent it would affect their own holdings.
@@apmex great insight. I think an article would be great as the intent or “why” is often what keeps people disciplined in investments. Having a “why” banks are storing metals and “why” digital currency is in a way the opposite might inform the public in what they need to make informed decisions and may even cause enough communication to elected bodies so that they intern represent the views of their constituents.
I think an article would be more than appropriate...It is a hard topic to dance around as political movements want us to draw sides but maybe an article on why banks hold gold and why digital currency would have banks hold things on your behalf rather than the individual.
This is almost like the individual having the ability to move their money rather than a higher institution but one would have to beg the question, if metals are so valuable for banks and institutions, why should it not be valuable to the individual...and even more, what are and why are there different rules for banks/institutions transacting metals .vs. the individual.
In all things, the individual who has a "why" behind their intention, will not be often be a follower. If apmex can provide more reasons "why" then the individual is charged with deciding to be in control of their assets or allowing an institution to handle those on their behalf.
I appreciated the conversation on Thursday by the way. Thank you for the opportunity. @@apmex
Turn the offices into home and rent or sell possibly at a lose
We seem to be reaping the "rewards" that propping up failing banks with minimal consequences to them helps create. This is the so-called "moral hazard" that has been much
discussed online and elsewhere. So, what is the solution to such a hazard? Continue doing the dumb things that lead to this hazard? Apparently so. Every bank that fails
should not be rewarded with tax-payer money or by money from their depositors but by going out of business and the bankruptcy court selling off their assets to refund as
much as possible to those who lost their money. Making the very large banks larger still is not the answer. Many smaller banks competing with each other for depositors
and loans is the real answer. Until prudent practices in banking are reestablished once again, we will be in an endless cycle with no relief in sight. It's now to the point of
making me wonder whether or not we can afford the current banking "system". Converting the banks into state-run banking utilities, like a PUD for money instead of for
power, water, and sewer needs. The Bank of North Dakota seems to be an excellent model for this.
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
always interesting
Had to happen sooner or later right?
The system is designed to fail and too susceptible to corruption.