Why You Shouldn't Buy Physical Gold And Silver
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- Опубликовано: 21 дек 2020
- Should you buy physical silver and gold? In my short seven years as a silver stacker, investing in silver and gold bars, I've come to realize that while collecting precious metals is fun and cool, it's one of the stupidest investments I've ever made.
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Not only did I get screwed by a "reputable" gold dealer on my very first transaction, but I've come to realize that storing and transporting precious metals is more of a hassle than the investment is worth. There are far better ways to buy precious metals, and if you are worried about having to transfer wealth discretely across borders like Jewish people had to during World War Two, well it's 2021 and Bitcoin has you covered for that (I am not recommending you break any laws!)
Silver stacking is quite simply a thing of the past unless you are doing it as a hobby. The are far better ways in 2021 to make silver and gold investments.
The presenter has taken great care in preparing
this video, however makes no representations or warranties with
respect to the accuracy or completeness of its content. The contents
of this video should not be considered a substitute for
professional financial advice. Please consult a financial professional
before implementing any of the strategies described in
this video. The presenter shall not be held liable
for any loss of profit or any other financial damages, including
but not limited to special, consequential, incidental, or other
damages. 
Хобби
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
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.
ruclips.net/video/Nfeo8rUFxRs/видео.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
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
Precious metals offer intrinsic value, stability during economic uncertainty, and diversification benefits, no doubt, but why choose that when the economy is riding on new corporate growths and breakthroughs? I wouldn't be putting capital to buy silver and gold if my stock portfolio can give me a 40% ROI.
I agree. But you know not everybody has that expertise to choose the right stocks. Some may not choose good stocks, and you know that could be as bad as anything, except of course they hire a good financial advisor.
Then hire a financial advisor? The logic is literally self explanatory. How do I make five figures from the market monthly passively? You think I have a PhD in economics or whatever degree you need to invest?
Yes, but you do agree the amount of information on the internet can be overwhelming? Now we are talking about that, maybe you could recommend who you work with? I've put that off for too long.
“SONYA LEE MITCHELL” is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
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??
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 🤣
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.
"The dumbest investment I've ever made was watching this video". Who ever said that needs more likes.
Little bit of advice: The seller *of whatever you buy* should be the last person to get advice or information from!
*advice
@@TheHoss4145 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”.
@@TheHoss4145 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.
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.
Brilliant, your title saved me from ever visiting your channel other than to drop in and mock 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.
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.
BWA HA HA HA Silver/Gold PM’s, mining stocks have never been insurance, wealth preserver a hedge or saved anyone!! Even 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 being, savings, insurance, wealth preserver or hedge is a myth!! Anyone feel free to prove me wrong. I will wait!! 🤷♂️🤪🤪
They Actually are investments, just check the prices 15 years ago... specially silver
@@JAVRTH Correct!! an investment!! 👍😂😂
@@JAVRTH you read my comment way too literally
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.
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!
@@Curbalnk your expert/advisor must be really good, do you mind if I look up this person assisting you please? i've been holding on to a bunch of stocks that keeps tanking and i'm fed up, if to sell or not
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.
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
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
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.
“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.
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
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?
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.
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'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
Good vid but totally disagree with your statement that stackers holding physical metals do it “only because they’re conspiracy theorists”. Nope. While a minority of stackers fit that description, MOST stackers stack as a hedge against inflation (a store of wealth) and/or to pass non-deflating assets on to the next generation. This is inarguable fact.
Is there a award for mis-information video's ?
Its a CIA disinformation video....
@@davidarmstrong7628 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.
ruclips.net/video/Nfeo8rUFxRs/видео.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.
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.
ruclips.net/video/Nfeo8rUFxRs/видео.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 ?
During an economic crash your gold certificates, etfs and all of your crypto will be worthless. In 2023, it ABSOLUTELY makes sense to hold physical precious metals. There are many reasons why we should not trust centralized banks & decentralized currencies after what has happened in the past couple of years. Once the bubble pops, you’ll be thanking yourself for making this investment.
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.
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
Who send you, Warren Buffet or Bill Gates?
DS panic
JPMorgan
My thoughts as well ha ha Ha
Dave Ramsey
Idiot
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.
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 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'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
A simple question to ask is why does the federal reserve store away gold and silver by the tons? They’re not hoarding dollars, they’re printing them. Crypto? It’s a fiat currency which means it’s backed by nothing. Gold and silver are by definition actual money.
silver and gold is not a investment. Its a hedge against inflation. My dollar bill has less value then it did 10 years ago. My 1 oz silver bar has exactly the same value it did 10 years ago. I bought it for 25 bucks 10 years ago and it's still worth 25 bucks today. My gold has increased in value by 50 % in 10 years. My only regret is not buying more gold.
So why do bullion dealer want to trade your worthless dollars for their precious metals ?
@@Kane6676 why do bullion dealers also trade my precious metals for their worthless dollars. Tell me you know nothing about precious metals without telling me you know nothing about precious metals LOL.
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?
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
how much service charge do you pay to move your certificates or ETF shares? isnt that a cost of investment/
Oh, look at me! I can’t carry 10 pounds of silver on the plane!
You won't be able to get on the plane even with just a few ounces of gold in your belt, never mind pounds of silver. The metal detectors will immediately flag you and the creepy TSA people will assume that you're a criminal. Good luck with that. Liberals have destroyed this country.
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 - $1500...or worse.
@@alessandrorossi1294 it's illegal to melt pennies.
Instantly when someone calls gold and silver an investment it basically shows they don't know its purpose in a portfolio.
ruclips.net/video/Nfeo8rUFxRs/видео.html
What is it then? A store of value / asset?
Facts😂
You my friend are completely correct.
@Der aggressive Hustler It also works as insurance against an economic collapse, as we saw with Venezuela and some African countries whenever hyperinflation hits people start trading in gold and silver because they hold actually value unlike the worthless paper they were using before.
This video hasn't aged well...
Haha wait till it hits 100$.
Precious metals shouldn’t be looked as investment but rather savings for economic collapse.
This is what bullion dealers say when people buy metals that go down in value. It’s a marketing strategy that simply keeps you buying all the time. When it goes up, well, that’s the big run up and you better buy now . When it’s dropping well then it’s buy the dip
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
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.
This is some funny content. I wish I had all set up and know how to make videos like this! I love the running joke that you make this exact video I don’t even know how many times!
I sitll don't know what was the difference between the two Silver bar that made one be less valuable than the other? Was it explained in the video?
Its just different mints that make them. One has serial numbers and a reputation, such as Royal mint. The other is "generic" and cheaper. But both are worth 10 oz of silver when it boils down to it.
@@benhuffington8482 ah ok. so it's just the brand.
"Don't invest in things you don't understand."
"Invest in something better like ETFs or a thumb drive with crypto."
Nice.
lol. exactly.
I've been buying gold and platinum for 10 years. If I would've taken your advice I wouldn't have doubled my money.
Doubled your money? Now imagine if you had sunk that money into a mutual fund that tracked the SnP 500. You would have made 10 fold, but, you doubled your money so hooray
What I was told was not to buy gold but buy stock in the companies selling the gold.
Gold and silver is not an investment. It is simply insurance against inflation. It will not make you rich. No one should buy it thinking it will make them rich. It won't. You still invest in realty, stocks and such. But the precious metals. Those you store away as a hedge. That is all.
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
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.
Loved the honest opinion of your video. Kudos!!
Thanks 🙏
I'm just bad at saving money that's why I buy these, because I cannot spend them in a shop or online if they are in the form of a precious metal.
I'm from England where i work as a journalist until i met Expert Mrs Amanda K, Mrs Amanda K is legit and her method works like magic. I keep earning every single week with her new strategy
Assets can make one successful in life
I have been investor with her since 2018. she's been great mentor and account manager to me
after God in my life, is now next to Mrs Amanda because she has really brought me out of credit and sorrow,
Despite the lockdown I was able to earn $9000 while being home with the help of Mrs Amanda, she is really a miracle worker
wow I'm just shock you mentioned expert Mrs Amanda, I thought I'm the only one trading 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.
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...
@@craig3613 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.
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...
You're absolutely right. In a digital online age gold has become practically irrelevant as an investment. It's great in countries that lack infrastructure or have high inflation, or both.
I am glad I stack gold since 1980.. when gold was $300/oz
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 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 bought about 350ozs last year at $27 aud per oz and sold at $37 aud per oz, pretty happy with the first pm investment but the idea is to buy new and sell privately to get the best deal
I’ve never lost on buying physical silver. If the weight is the same as well as purity you can get around spot price for it.
Are you sure you understand how trading/selling works?
Lol, silly man.
Hahahaha indeed!
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?
Great video.
Why is the fact that the IRS charges a flat 28% capital gains rate on profits from precious metals never mentioned?? I realize many people never claim their profits but when you have to explain where all that cash came from it might be a problem. 86,000 new IRS agents?
I watch several RUclips 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.
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?
Serious question, how do folks account for the extra cost over spot and when they sell they get 95-98% seems you have to acct for 15-20%. You would have to Hold for a very long time to make any money. Is my assumption correct or am I missing something? I don’t know I don’t stack.
You’re correct.
Here's how you account for it, gold was valued at $440ish in 2005, today it's $2070. Hold it for the long haul, and buy for 10% over spot max.
400% gains
@@SPNKr02 you also have to account for sell losses when you see it to a dealer usually 2-10% and paying over spot 10% so you loses 20% approx on the complete cycle for 380% gain. Which falls short of S&P over same time frame. Also you have to store it, move it if you’re moving etc etc. also if 💩 hit the fan per se no one is going to be transacting in gold and silver 😂.
@@CFLDumpsters it's better than a savings account, and my dealer buys for spot value, it does better than sitting in savings, and gold will never not be valuable. Your phone, computer, car, any mother board, they all need it. It's no get rich scheme, but won't evaporate it's value like some stocks may. *Cough* GameStop *cough*
@@CFLDumpsters and stocks won't do anything when shtf either my man, kind of a moot point
This aged like fine milk.
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
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
wait $280 for 10 oz ? its $2350 an ounce right now
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
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 👍
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 have to 100% agree, been where your at and did it all, now its time for me to turn it all back in with same thoughts and mentality, Well it did help me save some money, but like you suggested it could be used in better places, ie - real estate.
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
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.
I don’t understand the concept of buying gold or silver where you get a piece of paper or whatever else to say that you own it. If you are buying for some kind of horrible disaster situation, what makes you think that they will be out there passing out gold and silver to its investors?
That's why I recommend lottery playing if you want to get wealthy! When you know how to extract thousands of dollars within 30 days from the lottery you'll never have to worry about money. Lotteries are run by the states so they'll never go out of business! When you have the most powerful Thought Number™ crunching sequences ever generates...no matter where you live you'll have a way to earn money that will never fail. THERE WILL ALWAYS BE LOTTERIES.
I buy silver and gold mining stocks and ETFs too, but I definitely worry about counterparty risk. What happens if the brokerage firm holding your stocks or ETFs go bust? No counterparty risk to holding physical metals in your possession.
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.
pls don’t listen to this guy, he is either a govt agent or trolling
Very interesting content
So if it’s not a good idea, why haven’t you sold or gotten out?
"Conspiracy theorists" Yeah, I'll see that and raise you a normalcy bias.
Inflation is a conspiracy.
Existence does not exist. It's a conspiracy.
it's not like the U.S. has ever made it ILLEGAL to own gold. wait....
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
Gold is always for preserving wealth. If you live in an unstable country or just in uncertain times you can always count on gold to make your hard work earnings worth the time you live in
“Safety” deposit box.
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.
The Dislikes speak for itself.
lol
😂
Yeah, you call that the herd. 2x silver will raise prices on a lot of things. Maybe you like paying premiums. That would include survival kits like guns because if silver skyrocketed, you will probably need them.
Almost as bad as a White House video 😆
Says physical possession of gold is dumb followed by saying imaginary money on a thumb drive is the smart plan. 😂
Where would a beginner go buy gold and silver at market price?
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.