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Are you a precious metals investor, or are you considering entering the world of gold and silver? If so, you won’t want to miss this eye-opening video! In “Do You Regret Buying (or Selling) Gold & Silver,” we dive deep into the world of precious metals investments and reveal the honest truth that every investor should know.
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Topics covered in this video:
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19 Comments
Gold is a barometer of fear. The middle east war has ramped up fear just like the terrible situation in Ukraine. And just like the fear reaction to Ukraine as horrible as it it the fear will recede and so will the price of gold. The current price is a spike, not the new normal.
Buy? with what? Fiat paper toilet paper? The old saying cash is King… is just that…an old saying… GOLD=AU. the authority … why do so called central banks and treasuries of nations all HOLD GOLD! market up = greed… market down = fear… gold never changes… it's all emotions… Paper is the ghost of money. 'Thomas Jefferson'
For exemple shops sell a kilo silver for 800 but they buy it from you next day for 550. Thats how they make the money haha.
This is why I just have an account that's denominated in gold and silver, and offers a 0% spread. Purchasing and liquidation happens all in-house.
The royal mint told me they will always buy your gold off you for -4% spot price of gold, which i know isnt great, but if desperate and in 20-30 years + if gold has gone up 500% or more, 4% doesnt really matter right? Thats my desperate option in the long run if need be
Don't sell any precious metals for speculation. Only sell to meet some financial crisis/hard obligation. Some people in Venezuela sold their gold when it appreciated 3X. They thought they made a killing and a wise decision. But then, within 2 years there was a currency hyperinflation and the gold price went over 25X from that 3X price in their devalued currency. That should be a warning to all. Don't fall into that trap.
I am not so sure that the reason to accumulate Gold and Silver is to use during the crisis, but rather once things begin to normalize you once again, have a solid asset
Nobody has to buy it because gold is money on itself and silver to
In my opinion, gold and silver is still under-valued. When the US Fed and the BoE eventually, (next year I think), reduce the interest rates back down and start printing money again, gold/silver prices will go up and there will be a major bull run that will last for a few years. Also, central banks are buying gold at record rates as they know what is coming with regards to a financial reset and digital currencies. The debt derivatives are mind blowingly enormous and unsustainable – it's multiple times bigger than the combined wealth of the entire world! I believe that when gold finally breaks through the $2k barrier, it'll never go below it again. Keep on stacking! Best wishes
I remember the all time highs of gold at $600. Nobody was going to buy it according to media. Hah. Zerohedge reports Central banks loses on debt securities of $100 trillion and climbing. All time highs over and over again. People think in days not economic systems.
If you have to sell your stuff your not within your budget
Keep it for your children or 60 years later
Once the normal person realizes what we learned eons ago, they won’t just buy pm’s, but demand you to sell it to them at ANY PRICE, but this won’t last long.
Why would you convert gold to fiat? I think it best as a token of exchange for big ticket items like land, housing etc., and avoid the taxes that go with sales.
NO ONE will be ABLE to AFFORD IT !!!!!!!
Better yet, what if Gold and Silver lose ALL their value because there are NO buyers???
Just wait until people need a wheelbarrow of fiat toiletpaper to buy one bread. They wish they had bought it earlier…
That is my concern about gold and silver, who do you sell to if we have a major crash. Also, back in the Depression President Roosevelt outlawed the possession of gold and silver and made people sell to government at the price they set. All the advertisers don’t address this possibility. Please do a video about this.
Am I missing something, is there a reason why selling back to the dealers wouldn't be an option?
what difference is the spot price as long as you sold it for more than you bought it ?