That is why we should ditch paper and go full electronic, eth to the moon. Though china has built empires on paper before other countries mainly the usa adopted it.
@@neddiego2570 Maybe, but at least in BTC and ETH(not talking 2.0) there will always be a finite number and it cannot have more coins minted/mined. Where fiat can be printed and gold have more mined(or be dilluted). With crypto its pretty easy to know if your crypto in terms of tokens are legit, and easier for BTC since everyone can see total reserve. Though I can understand not liking Crypto if your planning on holding for over a hundred years, then gold/rhodium would probably be better choices. || If you said "NFTs are bull [...]" then I would've agreed, the currently implementation is flawed.
bitTorrenter gold was when the USA was founded. Gold and Silver were seen as the only money that would preserve the USA forever. Bankers and the greedy always love bread moments of fake money where they can temporarily live like gods and kings among men then the entire empire of not globe dies... Gold in some states is currently allowed as legal tender and it used to be until the illegal creation of the privately owned US Central Bank.
Gold is not "just another currency, like the Yen or Dollar..." It's a store of wealth & has industrial uses.Unlike those fiat currencies, it has maintained it's value over the centuries & you can't simply print up more (allowing it to be debased like fiat currency).
@@TitusRex No, this is a recent interview, this guy just don't like the Euro and he is pushing for consumers to buy gold. that is why he does not mentions the Euro.
The price of gold does not go up or down in reality, it is more that the (in present day) the $ has either gotten stronger or weaker. That is the beauty of gold, it maintains its value in any fiat based market.
No, the value of gold in a fiat world will fluctuate constantly. But, In a world where currencies are pegged to a set value, then, by definition, the value will not fluctuate. Back in the early twentieth century, a double eagle was 20 dollars. Another way of saying that is that a dollar was worth 1/20 of an ounce of gold. It did not fluctuate. But, the value of gold in fiat dollar terms fluctuates minute by minute.
Right now, once the active phase of the recession has started in the U.S., gold is a really decent way out. It's the physical asset at the comfort of your house which you really own and which won't get extinct when banks collapse.
In December 1997, The Financial Times ran an article entitled “The Death of Gold.” Since then, the gold price in US dollars has increased 519% from $288 to $1,780. Today, after many political events and crises we have evidence of the continuous and in many ways spectacular growth of the gold price. This confluence of many current events is creating a perfect storm for gold to increase dramatically more than we imagined.
Do I need to state the obvious, gold has an inverse relationship to the dollar. Buying GOLD means betting against the dollar; for the love of god just say it. These guys are just jumping around the obvious.
MrOneCent that’s why you buy fractional and if we do see hyperinflation then you don’t sell it you use it to back real estate purchase or fund other endeavors
@@mronecent but yet I'm the idiot, right? Try being a state competitor in both economics for fbla and the Illinois personal finance challenge, then come back to me.
Let's put it this way the central bank is printing papers (Currency) and selling it to you as "Real Money" to buy the actual money (Gold). Which is such a genus move selling printed paper for Gold.
Kaplan sold his oil/energy company at the peak price back in 2007. Kaplan now got into gold in a big way at possibly the best time in history to be in it. Gold is now a tier 1 asset in 2023. It will soon be the backstop for revaluation of a new reserve basket of currencies. In so doing, it will most likely enjoy a 15x increase in purchasing power that time. Kaplan is either very lucky or very well 'informed'. This is the man to emulate in investment strategies as much as possible.
@Francisco Araneta The dollar is going up because it is still the predominant reserve currency now. Moreover, it's the major hard high yield currency of the world now so when there is uncertainty people still pile into the dollar. I would say the situation drastically will change in 10-15 years time.
No it’s not. Take the yuan/ruble deal that the Russians and the Chinese made for purchasing Russian oil. Once the purchase is made, the Russians sell the yuan on the open market for dollars. That’s because the yuan has no real value outside of China. So, in reality, there’s no abandonment of the US dollar. That’s because there’s nothing to replace it, yet.
@@akka2011hk china? Are you being serious right now?? It's falling apart as Im typing this. No, I won't be investing in a third world country like china. Sorry, not sorry.
I am non English but the accent of this person sitting right was easy for me to understand each of his word. Although some people in comments observing him of 80's.
When you strip away the emotional, any asset is just another currency. It is just a matter of how inconvenient it is to trade with. This has become abundantly clear to me now that I have money sitting in the bank getting devalued.
Heart of gold All that glitters is not gold The golden word As good as gold Dripping with gold A gold mine of information Black gold (oil) Worth its weight in gold Pot of gold Sitting on a gold mine Gold-digger Go for gold (gold medal) The goose that laid the golden egg There’s gold in them there hills! The golden age Golden years Golden anniversary (50th) Golden oldies Golden parachute Golden handshake Silence is golden The streets are paved with gold
Fiat currencies are not real money. FRB, IMF & BIS etc. want you think it is only form of currency, but it is not. Gold & silvers will be real money even after the current monetary system dismissed.
But, they keep telling us that gold is an antiquated concept, a relic of bygone times. But, like Junker said, “when things get drastic, you have to lie. “
@@BadBoiFX gold is very heavy so it will cost as much as it's worth to bring it back to Earth. So will there be a fort Knox on the moon where low gravity will make it easier to get it there. Wait why not just leave it on the asteroid and declare that you own the asteroid.
@@tc9634 I think its because gold is more finite than other currencies. Honestly I don't know what makes an ideal currency or for what reasons. For now I just spend dolla billz
@@MrCTruck oh good point, Eve online is a bit like that with PLEX Vs ISK. There is almost always more ISK coming into the game (more currency being created than deleted) whereas the PLEX supply is determined by players creating Plex by buying it irl, and deleting it by converting to game time. It seems that the game Devs try to balance these variables to ensure a constant supply.
Tim Collins as is everything else. But, at least gold has some intrinsic value. It takes effort to get it out of the ground, it can’t be printed, it’s durable, and it’s been a medium of exchange for millennia. So, it’s a hell of a lot better than anything else that I can think of
if faith in gold is gone - it will be gone too so - it is not a difference but nobody can print gold - it is different russians mine it and accumulate same with uranium (but it is not considered a currency)
It was only since during d time of u.s. Pres. Nixon that a gold reserve was not the base standard on the federal reserve but a printed u.s.dollar bill became the bench mark of trade n currency. In that way can a monopoly of a certain private financial cartel can have a grip of control in a global scale. If this thing collapse because of volatility an unavoidable economic downturn will happen it will lead to a need to get back to a genuine gold reserve note in enable each central banks to print their currency base on the standard gold reserved deposits.
Very appropriate look and haircut we must harken back to the days of pre 1971 gold based money... and no why society was much happier the middle class was living much better and had not had their pockets picked in such grotesque fashion.. after 1971!
Mahathir and the late Gadafi was right. Theres no need for tinfoil hats. Gold has been used for centuries and is tried and true method of currency. I hope Mahathir doesn’t end up like Gadafi.
2:22 Throughout history, paper has always been debased. Since the federal reserve was established, the value of the dollar has gone from a dollar, to seven cents. Gold, on the other hand, has risen in value. Case closed. Gold (and to a limited degree, silver) is the ultimate preservation of wealth.
Even in heaven, gold is used. So with pearls, ruby, sapphire, onyx, jasper, carnelian, etc. Diamond and silver were not mentioned to be in used. Ref: the Bible.
Bitcoin is better than gold, actually, is like the virtual gold, and we know its max supply (21,000,000), we can always find more gold, even in the space.
So gold had value because of its history. In 500 years Bitcoin and Ethereum are going to be seen as Gold and Silver. And Central Banks will have to back their own crypto with it.
In 500 years??? Haha. In 10 years or less, Bitcoin and Ethereum will be obsolete/extinct. Gold will always exist as the backstop for what money is. Period
@@peter_eva when I wrote this 4 years ago Eth was like 80 Dollars now its 1900 if I had invested in gold I would have made 0%. But I bought Ether with everything I had. And I made 2000% best decision I ever made in my life. I earned several lifetimes worth of money in the last 4 years lol. Keep your garbage.
I firmly believe in a personal portfolio the investor should be holding at least 10% to even 20% in registered gold bars or the equivalent. If you have a very large investment in the markets and can afford to, it would not be a bad idea to have as much as 30% percent invested in to registered gold bars or the equivalent. Take care that gold does not earn dividends. If you look at the price chart (graph of the gold price) over the last 10 years, you will see the value of gold in percent of value gain, performed better than the TSE or the DOW.
I agree with this man, but I might add, gold is not only just another currency, it is the only currency that has actual value, dare I say it is the only form of money in existence.
Gold is going up in value so fast. I should have buckled my chair seat belt. It has gone from 3500$ too now almost 8000$; that is over 100 percent gainz.
So to get to the point, larger organizations with richer and more affluent backgrounds subdividing the classes farther apart by making us work for something with a trending depreciating value whilst every necessity we pay for in life is contrarily costing us more subverting us into a gradual poverty state. Gold being the true currency of value. It does not depreciate often. Control.
Did you ever see a Precious Metal Coin, that was inscribed with ,"This note is legal tender for all debts,public and private"? REAL MONEY DOES NOT NEED TO BE DEFINED! It IS real money!
Because gold is the alternative money, has been for thousands of years. Many people think that bitcoin can become the new alternative currency for a laundry list of reasons. In my opinion gold is worth 10% of your portfolio but bitcoin 1-2%.
Ducote I’m the kind of guy trying protect my money at this point in the “debt cycle” so I can keep partying like a wet dream. Cocaine and hookers don’t come cheap.
“Paper is poverty,... it is only the ghost of money, and not money itself.” - Thomas Jefferson
That is why we should ditch paper and go full electronic, eth to the moon. Though china has built empires on paper before other countries mainly the usa adopted it.
@@Hybridious Crypto is bull sh*t.
@@neddiego2570 Maybe, but at least in BTC and ETH(not talking 2.0) there will always be a finite number and it cannot have more coins minted/mined. Where fiat can be printed and gold have more mined(or be dilluted). With crypto its pretty easy to know if your crypto in terms of tokens are legit, and easier for BTC since everyone can see total reserve. Though I can understand not liking Crypto if your planning on holding for over a hundred years, then gold/rhodium would probably be better choices. || If you said "NFTs are bull [...]" then I would've agreed, the currently implementation is flawed.
Yeah, that paper would solve my problems rn
No Arnold I won't clean your windows for 2 gold pieces, can I have the $350 we agreed on over the phone?
Currencies are not real money.
GOLD is real money
money isn't real
GOLD is NOT a currency. Jesus.
bitTorrenter gold was when the USA was founded. Gold and Silver were seen as the only money that would preserve the USA forever. Bankers and the greedy always love bread moments of fake money where they can temporarily live like gods and kings among men then the entire empire of not globe dies... Gold in some states is currently allowed as legal tender and it used to be until the illegal creation of the privately owned US Central Bank.
@@Frost517 gold has been money thousands yr before ur 200 yr old cuntry was discovered
@@Frost517 exactly.....
Gold is money. Everything else is credit.
~ J P Morgan
Gold is garbage. Credit is everything else.
@@chicosajovic7680 Gold is power over technology.
@@chicosajovic7680 You have just born around 70 ,80,90,20 u never seen gold and silver trade thats why you are stuck with this illusion credit
Debt*
*Bitcoin. In the new age of information.
"Gold" has always been historically the best and most securely field Insurances
Dude's haircut on the right made me think this was a 80's video...
O....and I thought it was the padded shoulders in the suit....
Isnt it??
I know! I kept scrolling down to double check the date. Also the interviewers accent and manner.
@Michael B you should look up "Karen Hudes whistle blower about Marcos Gold."
Karen worked for the World Bank for 20 years. She says it all.
@@davidwright3018 Can you just summarize it here? I'm too lazy to use Google.
Gold is not dependent on how stable a government is basically !!
乔石 , Sheet, I thought Michael, Trevor, and Franklin from GTA 5 was the biggest heist ever...
... in GTA history. 😂
乔石..Name another monetary product that both Socialists and Capitalists want ??
@乔石..How much is it on Amazon or Alibaba ??
@乔石..I was asking about power not your answers !!
Are you basing your argument on the endurance of corrupt governments?
"Most Central Bankers want to weaken the currency"
Respeck man
"Gold is a currency like another, like yen, etc..." OK, dude: keep the paper, I take the gold...
Lionel Bellec everyone’s forgetting inflation this one currency for another bullshit
Gold is not "just another currency, like the Yen or Dollar..." It's a store of wealth & has industrial uses.Unlike those fiat currencies, it has maintained it's value over the centuries & you can't simply print up more (allowing it to be debased like fiat currency).
Gold is power over technology.
Gold is even used in space suits and shuttles. It has actual utility.
When shit breaks lose, gold is what everyone wants
Gold and other precious materials have been referred to as “God’s Money” for a reason, spot on!
Did you write a typo? Did you mean "not debased"?
China has 40,000 tons. Once they announce what they really have US dollar is OVER.
Is this a 2019 interview? Looks like the 80's and sounds like the 80's
He doesn't mention the EURO when listing several important currencies so I guess this is not from recent years.
Know the cycle
@@TitusRex
No, this is a recent interview, this guy just don't like the Euro and he is pushing for consumers to buy gold. that is why he does not mentions the Euro.
Gold was also at the current prices in the 80's.
something about the guy's hair ...
"Gold is just another currency". That's why you find it in the Commodities section ;-) Governments and Bankers want you to think that it's jewelry.
Looks like redeemable digital gold and silver will be a safe hedge against the fake fiat currencies @t
Not just another currency. It is money, unlike currencies
Jewelry and gold are Two different things 🤔
The price of gold does not go up or down in reality, it is more that the (in present day) the $ has either gotten stronger or weaker. That is the beauty of gold, it maintains its value in any fiat based market.
tonycodolo no because gold is finite and rare. The demand of it is increasing so countries will be paying a lot more.
And by that definition i welcome gold $1.000.000.0000.000.000.0000.00 sooner or later
@@mokubakaiba1751 Try telling that to people who bought homes in 2008, and then watched as there home equity went negative.
tonycodolo but a 20-30 years housing and land depression in Japan didn’t scare you away I see
No, the value of gold in a fiat world will fluctuate constantly. But, In a world where currencies are pegged to a set value, then, by definition, the value will not fluctuate. Back in the early twentieth century, a double eagle was 20 dollars. Another way of saying that is that a dollar was worth 1/20 of an ounce of gold. It did not fluctuate. But, the value of gold in fiat dollar terms fluctuates minute by minute.
Right now, once the active phase of the recession has started in the U.S., gold is a really decent way out. It's the physical asset at the comfort of your house which you really own and which won't get extinct when banks collapse.
In December 1997, The Financial Times ran an article entitled “The Death of Gold.” Since then, the gold price in US dollars has increased 519% from $288 to $1,780. Today, after many political events and crises we have evidence of the continuous and in many ways spectacular growth of the gold price. This confluence of many current events is creating a perfect storm for gold to increase dramatically more than we imagined.
If you invest 288 in SPY, you would get 2253 today. Invest in value producing companies.
@@pengbertuuu Gold is not an investment, it's a store of value that will outlast every index in the case that you actually need to use it.
Who owned/owns the FT ??
Gold increase their value second after second while money decrease second after second!
Do I need to state the obvious, gold has an inverse relationship to the dollar. Buying GOLD means betting against the dollar; for the love of god just say it. These guys are just jumping around the obvious.
William Shatner got into a time machine in 1978 and traveled to May 30, 2019.
It's sad that the Gold Standard has to be explained in this revolving credit world.
INFLATION!!! When the value of a dollar goes down, the value of gold goes up. Gold is a currency that is immune from inflation devaluing it.
So who wanna buy your gold if inflafion is 10000%? Idiot
@@mronecent he was talking about Inflation, you talk about hyperinflation. Think about it ;)
MrOneCent that’s why you buy fractional and if we do see hyperinflation then you don’t sell it you use it to back real estate purchase or fund other endeavors
Right. Another point is the probability of a worldwide hyperinflation
@@mronecent but yet I'm the idiot, right? Try being a state competitor in both economics for fbla and the Illinois personal finance challenge, then come back to me.
Gold is money, not currency.
Gold is worth something where money is fancy toilet paper.
Let's put it this way the central bank is printing papers (Currency) and selling it to you as "Real Money" to buy the actual money (Gold). Which is such a genus move selling printed paper for Gold.
Because they know fiat currency is coming to an end.
Wasn’t true when you said this 4 years ago, not true today. When will it be?
@@bidmcms3 lol okay. Sure.
@@eric123426 but really when? When is the end? 2025? 2050?
@@bidmcms3 you’ll find out.
Kaplan sold his oil/energy company at the peak price back in 2007. Kaplan now got into gold in a big way at possibly the best time in history to be in it. Gold is now a tier 1 asset in 2023. It will soon be the backstop for revaluation of a new reserve basket of currencies. In so doing, it will most likely enjoy a 15x increase in purchasing power that time.
Kaplan is either very lucky or very well 'informed'. This is the man to emulate in investment strategies as much as possible.
That is simple. One word: De-dollarization i happening all over the world
@Francisco Araneta The dollar is going up because it is still the predominant reserve currency now. Moreover, it's the major hard high yield currency of the world now so when there is uncertainty people still pile into the dollar. I would say the situation drastically will change in 10-15 years time.
@Francisco Araneta you just don't get it :D :D :D.... but hey the world is flat LOLOLOLOL
@Francisco Araneta keep it strong! 🤣🤣🤣🤣
No it’s not. Take the yuan/ruble deal that the Russians and the Chinese made for purchasing Russian oil. Once the purchase is made, the Russians sell the yuan on the open market for dollars. That’s because the yuan has no real value outside of China. So, in reality, there’s no abandonment of the US dollar. That’s because there’s nothing to replace it, yet.
@@akka2011hk china? Are you being serious right now?? It's falling apart as Im typing this. No, I won't be investing in a third world country like china. Sorry, not sorry.
These other countries realize debt based fiat system growing unsustainable in debt size, gold is real money no counter party risk
Because its.... MY PRECIOUS!!! 🤑🤑🤑
I am non English but the accent of this person sitting right was easy for me to understand each of his word. Although some people in comments observing him of 80's.
At first I thought this was an episode of Starsky & Hutch. 😂
When you strip away the emotional, any asset is just another currency. It is just a matter of how inconvenient it is to trade with.
This has become abundantly clear to me now that I have money sitting in the bank getting devalued.
You can buy gold derivatives and put it in your balance as gold, that's what a lot of countries actually do. So yes, you CAN indeed print gold.
Until they ask for delivery of said gold and either it's somehow managed to disappear or they try to fake it.
Because they counterfit monopoly money and trade real valuable physical money
Heart of gold
All that glitters is not gold
The golden word
As good as gold
Dripping with gold
A gold mine of information
Black gold (oil)
Worth its weight in gold
Pot of gold
Sitting on a gold mine
Gold-digger
Go for gold (gold medal)
The goose that laid the golden egg
There’s gold in them there hills!
The golden age
Golden years
Golden anniversary (50th)
Golden oldies
Golden parachute
Golden handshake
Silence is golden
The streets are paved with gold
You forgot golden shower
Fiat currencies are not real money. FRB, IMF & BIS etc. want you think it is only form of currency, but it is not.
Gold & silvers will be real money even after the current monetary system dismissed.
But, they keep telling us that gold is an antiquated concept, a relic of bygone times. But, like Junker said, “when things get drastic, you have to lie. “
I guess currency is very variable as the value of money decreases with inflation while the value of gold increases with inflation.
The value of gold doesnt increase, its the money that loses value.
indeed, I've just watched a lecture titled Islam and the international monetary system, I highly recommend you watch it
I though central banks would be buying bitcoin since it's going to be the future of money 😂😂😂😂
Hahahha made my day.😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Nice joke!
I don't think bitcoin is ever going to be mainstream. It's either going to be a phase or a side currency.
Bitcoin is a scam
@@johnjunior22 : yea no duh
Gold will always hold its value
"Always" - completely wrong. When space mining comes around gold will cost cents.
IF we get to that part. Likely, but you can't know for sure.
There's more gold in a single asteroid than all the gold ever mined on earth
@@BadBoiFX to be fair, at that point every resource would cost cents.
@@BadBoiFX gold is very heavy so it will cost as much as it's worth to bring it back to Earth. So will there be a fort Knox on the moon where low gravity will make it easier to get it there. Wait why not just leave it on the asteroid and declare that you own the asteroid.
Because gold is money. Ain't rocket science.
Gold, Energy, Land, and Weapons... the four basic food groups.
Perspective on the Russian buying of gold now may be different
"Moneys not real ever since we got off the gold standard"- Dwight Shrute
Wtf? That makes no sense, at all. Gold is only worth what people believe it is worth, it is as much a fiat currency as is any other.
@@tc9634 I think its because gold is more finite than other currencies. Honestly I don't know what makes an ideal currency or for what reasons. For now I just spend dolla billz
The dollar is still king, fiat or not.
@@MrCTruck oh good point, Eve online is a bit like that with PLEX Vs ISK. There is almost always more ISK coming into the game (more currency being created than deleted) whereas the PLEX supply is determined by players creating Plex by buying it irl, and deleting it by converting to game time. It seems that the game Devs try to balance these variables to ensure a constant supply.
Tim Collins as is everything else. But, at least gold has some intrinsic value. It takes effort to get it out of the ground, it can’t be printed, it’s durable, and it’s been a medium of exchange for millennia. So, it’s a hell of a lot better than anything else that I can think of
Because gold is the real money
"And particularly the Russians"
Gold is the only currency that do not lost it's value
Because the world reserve currency is going to shit. In a few words
Indeed. The world has been accumulating gold since the global financial crisis, apart from the main western countries.
Because fiat currency is a real value of zero, when faith in fiat is gone.
if faith in gold is gone - it will be gone too
so - it is not a difference
but nobody can print gold - it is different
russians mine it and accumulate
same with uranium (but it is not considered a currency)
The USD is not a true fiat currency, the USD is also backed by oil.
Wel it was backed by oil, China is changing that.
Сергей Одинцов Except for uranium, once it is used it is gone. Got gold it passes into somebody else hand.
@@fooksengloke3625 Uranium can be also be used. However the process is quite complicated, expensive and time consuming.
It was only since during d time of u.s. Pres. Nixon that a gold reserve was not the base standard on the federal reserve but a printed u.s.dollar bill became the bench mark of trade n currency. In that way can a monopoly of a certain private financial cartel can have a grip of control in a global scale. If this thing collapse because of volatility an unavoidable economic downturn will happen it will lead to a need to get back to a genuine gold reserve note in enable each central banks to print their currency base on the standard gold reserved deposits.
gold has value
paper bill no value just printed numbers
Fiat money is all faith no value
Fiat currencies are just some other country’s liability. It is a liability that can be extinguished in an instant.
Gold is a physical asset.
Just Peanuts gold and silver are real money... every thing else is just a currency
They have to buy Gold cause their money is nothing! You want economic freedom!? Get Gold and Silver! -
It is question which is asked in upsc mock test
I have been watching so much Mike Malony videos RUclips is recommending everything that has gold in its title
Coincidentally I was thinking about this video which I saw sometime ago & was recommended this now.
We should ALL buy GOLD too.
Barrick and Newmont Goldcorp shares look attractive.
They really are not, there are only a few gold miners that are worth buying now. mostly small cap. First thing is no debt.
Buy the physical stuff
@Beans Stocks will outperform gold. Coke, Shell, BP, PG, JNJ, all good to own.
You need to own and have in your possession actual gold, whether bars, ingots or coins, I recommend all 3, then by your shares.
@@ChrisGilliamOffGrid that is true, but gold is your hedge, have both.
Gold is the only currency that can't be printed
Is this guy trying to imitate Captain Kirk on purpose?
😂
Very appropriate look and haircut we must harken back to the days of pre 1971 gold based money... and no why society was much happier the middle class was living much better and had not had their pockets picked in such grotesque fashion.. after 1971!
Dedhedted71 He could be the real life Captain Kirk.
Silver too.
WHY DIDN'T ANYONE TELL HIM TO FIX HIS TIE !!!! GOD I CAN'T STAND LOOKN AT IT
Its the new style
That's intentional. Wearing your tie like that with a waistcoat is a way to dress.
His tie has a boner
Doesn't take much to get under your skin !
Do you really have so little control of your mind that the position of a tie could could distress you?
Incase this video is not from 80’s and is current. Indian central bank is not buying any gold, it has been constant for more than 2 years.
Mahathir and the late Gadafi was right. Theres no need for tinfoil hats. Gold has been used for centuries and is tried and true method of currency. I hope Mahathir doesn’t end up like Gadafi.
Jimbo For just shortening of a few years? Not worth it.
Gold is the real money !
You don't say govt buy gold. IF I have lots of money, i will buy gold too:gold coins.
Currency is debt and the moment the confident scam ends so does currency. Whereas gold is forever!
This is a great explanation. Ray dalio knows a ton and is hyper logical. Thanks see my precious metals Channel.
Gold and silver can't be created out of thin air like the worthless paper currency.
Forget gold...invest in lead.
Invest in Bitcoin. Better.
@@matthiah4291 im talking ammunition. ..hollow points.
@@Harold_Flite lol. Please shoot those thieving bankers for me first. Cheers.
@@Harold_Flite nah cop killers are needed
2:22
Throughout history, paper has always been debased. Since the federal reserve was established, the value of the dollar has gone from a dollar, to seven cents. Gold, on the other hand, has risen in value.
Case closed. Gold (and to a limited degree, silver) is the ultimate preservation of wealth.
Only fools and the poor don't hold gold. Everyone else that holds gold is genius.
"Gold is the only currency that can't be printed"..I'd say that gold and silver are the ONLY currencies. All paper money is valueless fiat.
Gold is God's money 🙏🏾🤑
because is cool.
Trump's economic policies have a lot to do with central banks buying gold reserves.
Even in heaven, gold is used. So with pearls, ruby, sapphire, onyx, jasper, carnelian, etc. Diamond and silver were not mentioned to be in used. Ref: the Bible.
Hey! The lego man wants his head back.
Bitcoin is better than gold, actually, is like the virtual gold, and we know its max supply (21,000,000), we can always find more gold, even in the space.
So gold had value because of its history. In 500 years Bitcoin and Ethereum are going to be seen as Gold and Silver. And Central Banks will have to back their own crypto with it.
No. gold has value because gold the only real currency. others fake. including cryptocurrency.
@@salahad-dinyusufibnayyub4810 Why is gold valuable ?
In 500 years??? Haha. In 10 years or less, Bitcoin and Ethereum will be obsolete/extinct. Gold will always exist as the backstop for what money is. Period
@@peter_eva gold is literal garbage
@@peter_eva when I wrote this 4 years ago Eth was like 80 Dollars now its 1900 if I had invested in gold I would have made 0%. But I bought Ether with everything I had. And I made 2000% best decision I ever made in my life. I earned several lifetimes worth of money in the last 4 years lol. Keep your garbage.
Now we know why the Russians were buying so much gold.
this expert spend 3 mins just say gold is currency？does he answer the question?
I firmly believe in a personal portfolio the investor should be holding at least 10% to even 20% in registered gold bars or the equivalent. If you have a very large investment in the markets and can afford to, it would not be a bad idea to have as much as 30% percent invested in to registered gold bars or the equivalent. Take care that gold does not earn dividends.
If you look at the price chart (graph of the gold price) over the last 10 years, you will see the value of gold in percent of value gain, performed better than the TSE or the DOW.
I don’t know I’ve seen everyone Buying “Guns & Ammo?” (Bullets next Currency)
Because central bank
buy credit , card debit card and
too much money already
that's why need to buy gold..
I’m seriously thinking of doing my hair like that!
You can’t be serious.
mkaberli If I had a time machine headed for 1977, I totally would do my hair like his! Chicks would be all over me!
Because Gold have value of gold. Paper have value of paper. Banks deals with you in paper with worth nothing but they kept gold themselves.
Gold is nature currency
I agree with this man, but I might add, gold is not only just another currency, it is the only currency that has actual value, dare I say it is the only form of money in existence.
USA be like lets bring democracy and freedom to these countries by destroying them
*Logic*
Really? What cereal box did you get that distorted tidbit from?
January 2012 it was 1700 an Oz. It's been dropping ever since. If everyone is buying, you surely wouldn't know it.
Gold is going up in value so fast. I should have buckled my chair seat belt. It has gone from 3500$ too now almost 8000$; that is over 100 percent gainz.
Your numbers are puzzling, they are so incorrect.
So to get to the point, larger organizations with richer and more affluent backgrounds subdividing the classes farther apart by making us work for something with a trending depreciating value whilst every necessity we pay for in life is contrarily costing us more subverting us into a gradual poverty state. Gold being the true currency of value. It does not depreciate often. Control.
He said pretty much nothing.
Did you ever see a Precious Metal Coin, that was inscribed with ,"This note is legal tender for all debts,public and private"? REAL MONEY DOES NOT NEED TO BE DEFINED! It IS real money!
The Big banks know we are about to see Economic dust🤣🤣🤣🤣
I'm out there Jerry, and I'm Loooving every minute of it!
Why is it that every time I hear “gold” I hear “bitcoin”
Hmmmmm 🤔
That is exactly what I heard too.
David Tangye such an amazing phenomenon it is! Lmao wish you the best on this bull run brother!!
Because gold is the alternative money, has been for thousands of years. Many people think that bitcoin can become the new alternative currency for a laundry list of reasons. In my opinion gold is worth 10% of your portfolio but bitcoin 1-2%.
56TheAnimal you’re the type to ruin a wet dream.
Ducote I’m the kind of guy trying protect my money at this point in the “debt cycle” so I can keep partying like a wet dream. Cocaine and hookers don’t come cheap.
Gold is a only metal that dose not corrode, tarnishes , or fades and is used in electonic for that reason.
Bitcoin
SO PHILIPPINES IS THE RICHEST COUNTRY BECAUSE THEY HAVE A MILLION TONS OF GOLD.😀