IS Graham Stephan WRONG ABOUT GOLD ? ?
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- Опубликовано: 18 мар 2020
- Graham Stephan is hands down my favorite RUclips creator, when it comes to financial advice. And, if it weren't for him, you might not even be watching this video. Because Graham gave me the courage to finally start this RUclips channel, and just stop caring what anyone would think about it.
And Graham if you end up watching this video, thank you for all of your inspiration! I really mean it!!
But that is not what today's video is about. It is about why Graham Stephan is wrong about Gold. I love Graham and all of his investment advice, except this advice.
The reason why I do not agree with Graham in his video: A Warning About Investing in Gold, which you can find here: • A warning about Invest...
Is because, it doesn't cover the whole picture of how gold is meant to be used, and how it always has been used through out human history. It also does not do gold justice, by comparing it to the overall stock market / S&P 500. Mainly because, these are 2 complete different things, and Gold was never meant to be an investment.
Gold is money. REAL money. Much different from those dollar bills you carry in your wallet and save in the bank. Gold has been money now for about 5000 years.
The stock market on the other hand, has only been around since the early 1800's and the S&P 500 since 1957. Also, the stock market is a "man made" phenomenon. Men cannot produce or print gold nor can the price of it be manipulated so easily, since it is largely dependent on supply and demand. The stock market is run by wall street criminals, who have been caught numerous times STEALING your hard earned cash, with no punishment. Unless you consider FINES a punishment, which I certainly do not.
The stock market is also filled with companies that purchase their own stock regularly, which in turn, highly manipulates the overall marketplace and the price of individual stocks. Don't just take it from me, listen for yourself over at the Rich Dad Radio Show: www.richdad.com/radio
So what does all this mean? Well, in my opinion, it means that the stock market simply cannot be trusted as you virtually have no control over what happens within it. Unfortunately, most Americans follow the standard investment advice of go to school, get a job and invest in the stock market. And if you want to find out how well that strategy is working, just look at all the baby boomers who are on the verge of retirement that followed that same advice for so many years. How are they doing?
Their average 401k balance after about 30 years is only about $60,000. Do you think you will be able to retire on that much?? I know I can't!
What I choose to do is invest in real estate, this is my favorite and I believe most lucrative investment, especially over the long term. But I also choose to buy gold and silver on a regular basis, because in 30 years, that gold and silver will surely be worth quite a bit more, than it is right now. Just look at how much it was worth 30 years ago compared to now. And it is a very simple thing that any average American can buy and hold for the long term and cash in when needed in the future.
Anyway, I could go on and on about this and I know some people out there are going to disagree with me. I am OK with that, because this is just my opinion and nothing more. It is what I personally choose to do with my money, and you can do what you wish with yours. If you actually read all of this, you are amazing!!!😀
If you enjoy this type of content from me, I have more financial education videos you can check out here: • Financial Education
Check out More of Grahams Recent Investing Videos here:
• My Recession Proof Inv...
• The Stock Market Decli...
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I agree with both Stephen and Michael suggestions. Investing is risky but it does give you a return on investment 😉. Gold is a great tool to protect your purchasing power against the inflation. Additionally, Gold is an insurance during the recession and dip in the stock market. I recommend both advices, put 15% of your total portfolio in Gold, 10% in bond, 35% in index fund (passive management) and another 40% in real estate. Basically, just spread your eggs in multiple baskets 🧺
That is a good way to look at it Hito. You can never have too much diversification. The danger definitely lies in putting too much into one investment. Thanks for watching 😊
Asking Graham for advice on RE is like asking a barber if you need a haircut. Gold is a storer of wealth
Haha! I love Graham, but I think he is definitely WRONG about this for sure. It sure is a store of wealth, no doubt
Wow! I really enjoyed this video. Keep it up!🙌🤓
Thank you babe! 😀
I am coming around to see silver and gold as an insurance policy for future use vice an investment. Speaking of investing, I had a co-worker that came out of retirement due to his 401 dropping so much, he could not live on it any longer at the age of 68. Thanks again for the video.
Yes I believe that is exactly what it is, and I largely feel the same way about bitcoin. That is a sad story about your co worker. Thinking you are all set for life, only to find out you are broke. I like to help others learn what I have so far about money, in hopes they don't fall into the same trap. Thanks a lot for watching!
Great subject! Like the diversity in your videos too 😉😉😊
Yay, thank you Grandma😀
But where to you buy physical gold and silver? I've seen the coins but they are so marked up that you are paying far more than they are worth.
Right now there is a huge premium on gold and silver because so many have flocked to it since the pandemic as a safe haven for their money. When I buy, I usually buy from a site called apmex.com. They are very reputable and you know you will get what you are purchasing every time. You can also go to a local coin shop and buy it right there, and often they will have better deals than sites like apmex.
I second APMEX, that's what I use as well.
Hero Bullion has the best deals ive seen and lowest $149 minimum free shipping (NEVER pay for shipping...just adds evem more price)
this video is FAX
Thanks
Quick Question: would you say the same about Silver?
can I buy gold stocks instead of buying physical gold ?
Yes you can, but I would never recommend anyone do that, because you don't actually own the gold, and the gold is never in your possession. If everyone wants to cash in their stock, their will not be enough gold for everyone who is entitled to it👍
Thanks I was more looking into buying gold bars over 1 oz and having them stock in their vaults
@@smokology2630 Definitely always better to own physical gold. And don't forget about silver! It is a great value compared to gold
Excellent video, Michael! I like Graham, but he is wrong on gold. Gold is not an investment, its a store of value. Gold is always in demand, its easily convertible, which makes it the ultimate safe-haven asset.
Thank you very much! I like Graham too, but I also agree that he is wrong about Gold and silver. Although, he did make a video a few months after this one reversing is opinion basically 😉
@@MichaelBordenaro Oh really? I haven't seen that one. Warren Buffet likes gold now too.
@@buildwealth6509 Yes I don't remember exactly the name of the video, but it released a few months after that one did
i AGREE 100%!!!!!! YOU GUESSED CORRECTLY ON CHINA AND Russia STOCKPILING GOLD, BRIC's!
In south America they use Gold so most of them save their God money n not men made money ,if you want something to buy walk with scale and way it out how much you need
Martini Logan that’s really smart. Sounds like they learned what real money was from a young age. Very important lesson and one I hope people will learn from watching this video
@@MichaelBordenaro yes I like this video a lot
Just watched Graham Stephans video prior to watching yours. This video totally squashes his video. I have no respect for that Graham as his video contains a lot of falsehoods. Thank you for setting the record straight.
Wow thanks! That's pretty awesome to hear. I like Graham and I think he is a very smart dude. I saw he made a video a few months ago where he sort of reversed his opinion on gold and silver, don't know if he saw this. Glad you enjoyed it that much!
@@MichaelBordenaro I think if people can believe why gold is not an investment will provide a better understanding that they are basically taking a truer version of money as opposed to this FIAT currency o protect themselves financially during turbulent times in the global market. The value of the dollar can be taken away but the value of gold will sustain itself if you buy it. Additionally if I’m purchasing gold I’m doing so in preparation for bad times. That being said I will have already bought myself food and water as well to sustain me and my family throughout the upcoming turbulent times. Him saying the US treasury never defaulted is a false statement as well. Throughout history the same fraternities in the past which has controlled the value of money in country’s where FIAT currency has been over utilized to the point of devaluing itself was done prior to them creating the Central banks in all of the industrialized world destroyed those country’s from within. Bit Coin is one of a few versions of blockchain technology which generates cryptocurrency that people are investing in. However, I think people will find out that this is just another instance of FIAT currency. If the Federal Reserve and the Treasury chose to go with their own version of blockchain technology to reset the economy they will be replacing one form of FIAT currency for another and the debt that they have created by printing all of that paper money will still remain. Additionally, if they replace this FIAT currency with their version blockchain it will make bitcoin an eminent threat to their version of cryptocurrency which gives them control of the global economy thus they will manipulate the market to bring an end to Bitcoin stock. Just my opinion.
@@daNeterAUsaru999 I agree gold is not an investment it is money. This is why I highly disagree with Graham's point of view in this video. However I also on bitcoin which is money as well it's not an investment or a stock. And it's basically a digital version of golf when you look at all of the treats it has. The government will not replicate it because they need to be able to print is much is the white. This cannot happen with bitcoin. The problem is to the uneducated people will assume the governments version of bitcoin is exactly the same as bitcoin which couldn't be further from the truth. It will just be another Fiat currency as you said
I agree. He is 100 percent dead wrong, because, like Dave Ramsey, he doesn't understand what gold (and silver) really are and the history behind them. I won't hammer on him on how they performed during the "vid" because he did that video before hand. However, he fails to mention, how it was $20 per ounce, then $35 immediately after the government made people turn it in. He fails to mention how it keeps governments from deficit spending, currency printing, and so on. Storage? Well, it should be in a safe, bolted in, with your weapons, and backed by the 2A when home, and a home security system with live dispatch when not home. We should have these things anyway. Also, if gold or silver is in a fire, it, unlike cash, is not destroyed and loses no value. It's still metal, just melted.
what you forgot to mention, the suit and tie you are able to buy back then with a oz of gold was a fine bespoke (made and tailored just for you) and not some cheap $400 suit lol.
Good point!
Gold is from God money is from men ,so which is better Gold
Martini Logan exactly 👌
But man created god so really all money is from men.
@@ShearF3ar I can't comment on stupidness , don't comment under my comment make your own stupid .
@@martinilogan8009 how is that stupid? Men wrote the book and made up the stories. God is not real.
@@ShearF3ar so man planted gold in ground ?
this video is FAX
ASAP_Clapzzz yes it is 👌