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Topics covered in this video:
banking, finance, gold, silver, precious metals, cash, wealth preservation, economic uncertainty, financial independence, store of value, means of exchange, alternative finance, bank withdrawal, financial strategies, personal finance, financial system, economic trends, global economy, investment, asset allocation, monetary policy, inflation, deflation, wealth management, fiat currency, currency devaluation, financial education, financial literacy, monetary history, financial freedom, financial planning, asset protection.
28 Comments
personally, i see silver and gold are long term investments. And a better one when comparing against your retirement fund.
I am stacking my pantry as well as my safe! I try to keep 2 months of food in dried and canned form. In the USA we have to worry about tornadoes, earthquakes, and hurricanes. Several communities have had to go without power for weeks. Others have been completely flattened. Imagine not even having a grocery store or a way to get to one. Semper paratus! Always prepared!!
last year I bought some Rolls Royce shares at 80p. I held them for about 11 months and they went to 160p so I bottled it and sold them. Within a month and a half after I bailed they shot up to 206p. Do you have any idea how painful that is 😂. The joy from money I made doesn’t come close to the disappointment of selling too early.
Gold and silver are insurance not investments. Any more than 10% of your net worth is silly imo.
Fantastic video
How many Dow Jones companies in 1920, are still there today ?
Didn't the man make Warren Buffett sell his silver ?
Everyone should know when the world ends a tin of beans is way more valuable than any currency
Well, take the gold and silver and buy the 209 acres. 😂 Warren Buffet just like the rest of the Globalist will tell you not to do the very thing that they ARE doing. Have the land and have the gold and silver. Not just one or the other.
Buy Bitcoin. The apex predator of money.
It's not an investment move…its savings..2 very different things.
Gold and silver have stood the test of time. I'm not sure stocks will. They're not even in your name (your ownership) anymore in a nominee account. They're now IOUs too!
….note that the devaluation of British pound currency is about 99% a devaluation against gold. Currency is not money…its currency. PMs are money. ( Gold has averaged 10% increase in value over the last 20 years)….its the devaluation of currency that is the relevant thing right now.
If it gets to apocalypse then if you do not have lead…you are in a losing position. Tbf…beans might help….a warehouse full.
Silver and gold are not for investment purposes. It's a hedge. Protection. Insurance. Another way to preserve your wealth. Nice video. Love that Dutch accent of yours. Ha ha. ✌ ❤
During these hard times we're currently in, countries and central / regional banks are buying as much gold (and silver) as they possibly can. What do they know that we (you) don't? For now, with my extra cash, i will follow their lead 👍🏻
10-15% of your investments in precious metals is a d good way to think about it.
No argument here, here are some facts!! In 1920 on average you could buy an acre of land for 3 1/2 ounces of silver!! Today on average that same acre would cost you 7 1/2 ounces of gold!! If you bought one thousand announces of silver January 1, 1980!! You would’ve had $39,950. If you had that same 1000 ounces of silver today. You would have $22,830!! If you have no problem losing $17,120?? In just 43 short years. not a bad return!! CASE CLOSED!!! 😂😂😂
Firstly dollar will collapse either way, secondly gold and silver arent really an investment but more like a savings.
I don't have to prove you wrong. Reality has already done that. But you and Normal C. Bias just keep telling yourself everything will be fine.
At no point in human history were the wealthy rich because they owned a lot of gold – it was productive land and today it's still land and assets that generate an income. Get sorted with property and productive assets before you dip into gold. Buffet doesn't like gold because it just sits there and isn't productive (doesn't generate an income) – that doesn't mean you shouldn't own some it just means it shouldn't form the lion's share of your net worth. As for silver well that never made anyone rich (ever) apart from the merchants charging the premiums and before that those selling pick axes during a mining craze
Yeah silver and gold might be all that. Clue #1. Maybe you should pay attention to what is backing the BRICS Nations currency, as well as Centersl Banks. Governments are buying record amounts of Gold, and one of the largest financial institutions in the world has been buying tons of silver. Who would you rather follow, this guy, or the ones I just mentioned?? Blahhhblahhhblahhblahh.
Anyone who understands precious metals doesnt buy them as an investment. They are an insurance policy that locks in and preserves your buying power. As the classic example goes, a gallon of gas was 25 cents in 1964 (when the US was still issuing silver coinage) and today, it's around 4 dollars. You could still take that silver quarter and get that gallon of gas, if not slightly more. The same goes for gold. 100 years ago a $20 gold piece would buy a nice suit, a night at a nice hotel and a steak dinner. With gold at $2,000/oz and a nice suit at $1,000-1,500 that leaves anywhere between 1,000 and 500 dollars for dinner and a hotel room which is easily possible.
All fiat currencies, in all of history, inflate and eventually collapse. That is a mathematical and historical certainty. The key is to get your value out of those fiat notes into something with intrinsic value before that happens. 1 billion times 0 is still 0.
And its not a "conspiracy theory" that silver prices are negatively manipulated. JPMorgan has paid billions of dollars in punitive fines for things like spoofing. There is a real, vested interest in controlling the silver price while are accumulating it.
Lastly, if gold and silver were such bad things to hold, then national governments and massive banks wouldnt be holding it by the thousands of tons. They understand how fragile their fiat house of cards is. Thankfully, in the US at least, individual states are waking up to that reality as well. Multiple states have signed legislation making gold and silver legal tender, they are removing legislative and tax barriers to owning bullion and some are even requiring their state treasuries to hold physical gold and silver as part of the states finances.
A piece of paper is worth nothing unless it is backed up by military power.
1970 in the uk a ounce of gold was £100 now £1.900 not a bad return especially now fiat is next to worthless
Question why are some of the wealthiest people buying large quantities of gold and silver? Why are countries buying draining the comex? Why are all the central banks and large institutions buying? Follow the money….
*I♥♥ feel incredibly fortunate for having made wise financial choices that have had a life-altering impact. As a single father residing in Toronto, Canada, I successfully purchased my second home in September. If everything continues to progress positively, my aspiration is to retire next year at the age of 50.**♥♥
Buy precious metals to maintain wealth, not gain it.
Indeed it would smell 😁👍beans beans the musical fruit