I understand the relation, that was a very smart comparison. this is exactly the same stuff the silver stackers says, they say never buy fractions of Oz and never buys premiums or collectibles. You never buy jewellery crap, you buy spot bullion coins with the metal value and that's it. Thats a good advice.
AND remember, commodities are GLOBALLY priced. It's not like say like the US housing market. Similar houses don't cost the same even in the same cities. It depends where you are. Commodities are not like that. The price is the same everywhere. Which brings up a whole lot of other issues. It's complicated.
Gold would have gone up without EB telling you. He didn’t create the monetary policies. He sees what those policies have caused and is warning people. You buying 50oz of gold will do nothing to the value of gold. It’s when the big money follows and hyperinflation happens and all those dollars are chasing safety. And of course he bought at 280. If I knew what I know now I would have done the same. I discovered everything EB is saying before I found him and bought what I could afford and it’s comforting knowing that there’s an expert in the field confirming my decisions.
Smithsnmoz I won’t confirm what I actually buy but.. Gold and Silver are The Creators and paper fiat is mans. The ark of the convent was covered in Gold and Jesus was betrayed for Silver. The ark was not covered in paper currency nor would Judas have betrayed Jesus for paper IOU’s We have been lied to so that our hard earned energy that gets rewarded in currency can be stolen from us via inflation and now stimulus for the elites. Be safe and EB is not a salesperson he is a truth teller. It benefits him zero for getting you to buy gold. He knows like Venezuela that paper money can hyper inflate and goods can skyrocket. Gold/silver just hold the purchasing power. It’s not a get rich scheme. It’s just real money.
Sure, but is it going to 10x like a Tesla or shopify in a smaller time frame? If everyone in the mining and commodities community is shouting gold and silver, gold and silver, is it still a good play? If u r worried about the fiat system, does gold have the asymetrical upside of crypto? How does the market cap of gold compare to the market of bitcoin? I still believe in gold as a great store of value and as a hedge against the dollar but beyond that not sure.
nothing beats having some ounces of gold and kilos of silver - I want ti be able to hold it in my hands, not have someone else tell me they have it for me
I can attest to the fact that people are NOT into gold like we are. I talk to people about purchasing gold and silver and they look at me like I'm speaking a language from another GALAXY. That's too bad because I'm stacking both until I can't anymore.
Allot of times people are just afraid of doing something new. I was the same way and then just decided to open my crypto farm investments and haven't looked back. Looking to get into precious metals this year, and real estate next year.
If a home is you're only investment...you're in trouble--Robert K. Homeowners NEVER factor in the new roof, the remodeled kitchen, all the time and maintenance costs on the home, insurance, etc. All I ever hear is I bought it at $150K, sold it for $200K. I made $50K. I have never even heard someone mention the 6% for RE Agent expenses which is HUGE! This is why you're not really allowed to be in charge of your entire retirement. People don't even understand basic expenditures of an investment.
The house business is nice, I love real estate but right now buy two acres of gardens and a solid garage if you can own it outright and still pay the taxes. No HOA either. 30% of the people are behind on rents and mortgages. Imgine the homeless numbers if we dont get back to work. Remember too about debt, something is going wrong every ten years or so. Just because they will loan money for nothing doesn't mean you should borrow it.
@UCC1JM_NhYErcpaE-hEXmPVg Not really because investments in the home are relative to what a person would otherwise be paying in rent (and they contribute to quality of life, which investors don't think about much). So, if you sell a home for $50,000 over after ten years . . . sure, subtract the upkeep from the profit, but first subtract rent otherwise paid from the upkeep. Seriously, if someone bought a home in 1980 in California and sold it in 2020, they'd retire with half a million to a million minus some upkeep INSTEAD of having paid rent all those years.
Best place to start... buy generic silver/gold bars... the biggest you can afford from reputable non government mints..... the idea is to buy as many ounces as you can for as cheap as you can ... when you sell you will get spot or a bit above no matterwhat you buy! .... dont fall for the collector horse shit.......
SCAMMER!!! What’s he’s not telling you is if 50 you bought a basket of stocks instead of gold you’d have triple the return. Now let’s factor in insurance and storage costs of that gold plus the loss of the spread when I buy his over priced gold.
Don’t worry about jp n COMEX I want the Price to stay low so n can get more gold n silver matter of face I want the price to go back in the 80 when 1oz of gold is 350$ :-) I will buy so much not not even worry about if price drop more The more it drop the more I buy
Really cool video and thanks for posting. This man speaks in plain English and makes nothing but sense. I loved the story about his Grandfather getting 5 ounces of Gold for a $20- Bill. Practical way to explain inflation!
Smart guy overall but he said something which was a bit shortsighted 11:43 "some people buy 1 gram of gold, which isn't really worth it after you pay a dealers premium".....OK that may be an argument for todays prices but if hyperinflation ever kicked in and gold were to rise to $5000, $10,000, $25,000, $50,000 an ounce, how are you going to do any form of exchange for goods and services with a single 10 or $25,000 1 ounce coin? Are you going to shave off some gold, cut it with a saw, chip some off and then you'd need accurate scales etc etc.....at such a point grams and small links from a gold chain may be the best option. If the SHTF ever happens hold loads of smaller easy to transport pieces of precious metals.
I have 1 ounce in 1/10 and a will have a 1 more ounce in grams 1,2.5,5,10 gram bars. After that 1oz pieces. Only for that purpose. Gold goes to 10k and those 1/10 are worth 1k. A little diversity helps.. Good point dude
There is good advice there....but a year later gold is $100 cheaper, hasn't gone up. He says interest will be negative...it's now 5%. Never believe predictions.
I live in the states and I’m trying to start acquiring more quarter ounce gold coins, but the gold American eagles are a bit high I was wondering what your thoughts are on buying the 1/4oz war of 1812 gold coins (being below 490)
@Paul Bedard Has everything to do with your comment. Why stack a industrial metal that has plenty of inventory ? Gold is the cash of kings ! Silver is not even good for jewelry- it tarnishes. It’s industrial metal all the way.
Gold is a great asset. If you buy something with 2oz of gold today you will be able to buy the equivalent item in 50 years with 2oz. That is the nature of precious metal. There is only a limited supply! Unlike money which is printed!
people in Australia dont know what to do with gold,,,, woman have a mercy...... the biggest gold diggers the best mints from Australia look at utube how many people buys kilos bars in your country while in USA people buy 1 oz
Great interview Kerry. I follow EB and Metalla quite closely. One question though, and you might be able to answer this, and that is that the value of gold could benefit signifigantly from a crash in the USD - this seems like a strong possibility depending upon who you follow. If this is the case, i.e. USD falling and gold price soaring, then what is the implication for gold in AUD terms. I am assuming that if the USD crashes then the AUD gains in value (as it has been doing recently). Cheers.
For those thinking of investing in MTA....I would hold off on. A royalty company appears to be a great concept but sadly, not for the individual investor. Perhaps EB is doing well with his salary, and I see 'certain' board members recently received 47,000 shares of stock, but investors are doing poorly even when AU is on a run. If MTA suffers when gold was down, and now suffers when 'up'....either something is screwy with this company (and other EB royalty companies as well) or the business plan is poorly explained and understood. Yesterday when gold broke 1900, MTA went up .50, and today as AU remains above the key1900 threshold, MTA goes down the same. So a lesson learned. EB has great ideas. He looks good on finance sites, he talks up a big picture...what he says makes sense. But it doesn't equate to anything with the little guy.
I got MS but I try to physically do this - A) There's a way to communicate with others beyond the SILENCING & LOCKDOWNS I go to rail stations, supermarkets & AFFIX TO telegraph poles & shop windows (where legal) WORD PROCESSOR DOCUMENTS I PRINTED!
he says that he thinks that at some point people that own gold will be seen as enemies of the state. Well bro wtf am I going to do with your stock if Im seen as an enemy of the state and the brokerage freezes my account
Great vid. Loved the info. I live in the USA and want to buy more gold. 3 years ago I bought some 1/10oz AGE ( yes, the premium was high, but I bought in a budget) But I want to buy 1/4 oz’s now. The AGE are a bit expensive, but are buying British sovereigns ok to buy and hold? Gold is gold, yes? Thoughts? Thanks.
I own several royalty stocks and junior mining company stocks. Of the over 20 that I own Metalla Royalty has performed the worst over a 18 month period.
In Australia, our real estate market is the sacred cow as the States, and Federal Government's, will risk all (1st home buyers grant/bribe) to protect any major collapse in the capital cities bloated valuations as speculator's since COVID had set about to drive up most home prices.
@@bycracky22 Store some of it over seas in off shore accounts? Hide it in places they can't find it? Or by the time they do confiscate it, you will be way ahead of the idiots who only have cash, if you do decide to comply.....will that work?
Great interview, I love how you challenged his opinion on gold stocks. If the price of gold keeps going up, quality mining companies with high grade deposits will make a mint.
If you watched this video on July 10 2020 I am a rich man now. Gold now is 2070 not sure if i still have a chance to go long? Please reply with comments
even if you mention something wrong with our economy, some people attack you, it makes no sense, instead i would be saying tell me more! read book, great!
EB Tucker has a point, real estate rarely yields more than 5% if you deduct all taxes and unexpected expenditures. Yet you can buy it with a credit which gives you torque. The only thing is to remain reasonable and always apply large safety margins in terms of your mid to long term cash resources.
I don't understand why people always use that line and say well back then you could have got a lot more with your money but in reality your paycheck was a lot smaller things cost more now but we make more now so in reality it's almost like there's no difference things cost more we get paid more before things cost less and they got paid a lot less. Either way it pretty much evens out. In reality we probably get more then people used to back in the days.
Gold is money and paper fiat notes are currency [backed by your faith in the issuer]. Precious metals seem volatile but it is the paper fiat they are priced against that is volatile. Unfortunately when the banks introduced ETFs the metals could be manipulated and held down to prevent people from investing in them and not a fiat priced asset. BTW, you should buy gold as a hedge against inflation and insurance against a fiat currency failure [think Zimbabwe and post war German marks].
Just finished this book EVERYONE should read it if they are confused about how to protect their money. no matter how little you have. I feel impowered after reading it. and i was already invested in silver for last 5 years
Here in NZ we have a big delay time in receiving gold and silver from the US and Australia. We are not big players and the delivery costs are very very high especially from the US. Trust is the mist important factor. Look around for a smaller dealer who has “stock”. Alternatively, go with one of the big dealers but expect an 8 week wait for delivery.
Shaun, You posted an interesting comment regarding purchasing gold. My question to you is it difficult to find “the small dealer selling gold?” I live in the U.S and not too familiar with where to start, and avoid the high premiums..
what about buying gold, silver as jewelry so you can get some enjoyment out of it too ? or is it a waste of money I know women used to buy gold jewelry as a safety net
So your Zen teacher teaches you why Gold is important , m8 you cant make this stuff up . I wont even comment on it . Im born in to Orthodox Christianity , raised to think Orthodox or nothing , and these Priests would literally plate their Churches with Gold , even Gates , everything Gold , and they though me the importance of Gold , it makes you Rich , and if you are rich chances are youll be even richer , so display your Gold said the Priest , wonderful , just cant make it up . Eventually i Grew and realized , you cant take Gold where all of us are going , just cant take it , nothing wrong in gold , but tends to take your time , and if you dont have time for real important things ,then you have problem .
It usually takes me a week to read a book through as I have to level the boredom & enthusiasm, but read his book in literally 8 hours one go. An amazing book, much recommended
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.
@@faizalkifli1844 The unprecedented freezing of Russia's external assets, exclusion for much of its commercial transactions from the international exchange SWIFT system, and - as armed conflict rages on - the imponderable consequences for the world's actors and population from this behavior feels like a paradigm shift that could take a long time to play out. As Jim Rickards says: “Unlike a stock market crash, this kind of interbank distress does not happen all at once. It can take days or weeks to play out. Still, those ripple effects or spillovers are coming. We’re probably in the opening stages of a major global liquidity crisis. What happens in Russia doesn’t stay in Russia.” The term that comes to mind is "contagion." This is where a financial asset class like euro bonds, negative interest rate derivatives or large commodity transactions freeze up, "jump financial lanes" and cause unexpected existential issues with, say "paper gold" or silver derivatives, many of which are backed by "confidence", but little or no physical metal. What happens when international financial trading rules having predictable outcomes for all parties concerned no longer work? If Saudi Arabia, long the bastion of requiring oil to be purchased in petrodollars (for which customers globally must first exchange their own currencies before conducting business) now begins accepting gold, yuan, or rubles instead? Will the ability of the U.S. to finance its lifestyle by issuing additional petrodollars (greenbacks circulating outside the U.S.) be hobbled, resulting in still more elevated and persistent inflation? And through all of this, silver, just about the only metal on the board to do so, is trading for around one-half of its 1980 nominal price high. Priced at an 80:1 ratio, not to mention being mined at a 9:1 ratio compared to gold! Does anyone see a pricing disconnect here?
@@jamespeterson2690 No it isn't. Gold is God's money, it comes from the earth. It is unchanging and pure. Perfect like the creator with energy incredibly powerful. It does no harm, it is a manifestation of the divine in precious metal form.
@@Serendipity-gj2me If gold is God's money, then why did it require wars of empire (you know, murder, envy, rape), etc.) for nations to obtain it for use as money? If it's God's money, why does God tell us over and over in the Bible not to concern ourselves with it. There's nothing in the Bible more warned AGAINST than desiring gold. It's good to have, but calling it God's money is nonsense.
@@Serendipity-gj2me "It's a manifestation of the divine in precious metal form" is exactly what God condemns in all those warnings against idolatry, by the way. That's exactly the kind of thing an idol maker would say to sell his wares. There is no divine form within anything on earth. God doesn't manifest in rocks and stones, nor do rocks and stones reflect his nature. That's a plain, straightforward Biblical teaching.
Gold will save your soul and in times of famine will ALWAYS fill your stomach ...... SURE thing Go for the Gold .... Starving people will simply DIE for your GOLD ....
If only it was rare. And new extraction processes had not been invented. There is way more raw silver than needed. Only formed coins and bars a when in demand can be hard to find.
Why gold? Why now? Even though gold bullion and gold coin is a "sterile investment" that is, it pays neither interest nor dividends; unlike paper assets such as bonds (securities) that have defaulted, and equities (stocks) that have lost total value, and currencies that have been inflated out of existence - GOLD, on the other hand, has real, tangible value that has never - never gone down to zero. 👍 😉
Why do you bring on all the gold pimps, every time they talk about gold going higher it goes down in value. Gold has lost 17% of its value since mid July. Well the stock market has gone up 30%
Gold is a total waste of time. The people who made money in gold are the sellers such as dealers and miners. I've been a gold bug for decades, it's the same old bullshit. The best you can do with gold is a few percentage point above inflation. That's about it. You might as well be in stock. Around 2016 election, I bought a few gold coins as a hedge. I heard about bitcoin but at the time I didn't know where to buy them. I saw the sign at a pawnshop but I didn't want to buy from them for fear of paying markups. At the time, bitcoin was cheaper than gold. I could have bought 3 bitcoins which is worth over 100K now even with the correction. Meanwhile, I made a few hundreds dollars on the gold coins. BFD. There is a new gold in town, it's called bitcoin. lol
Gold is the losing asset and has already been dethroned by Bitcoin. The problem with Gold is it's just like all the other commodities out there (yeah it's a commodity) it has an infinite supply. The moment Gold goes up significantly in value everyone melts down their jewelry and miners mine more of it at a faster rate. Bitcoin has none of these flaws. We fixed the flaws with Gold, it's called Bitcoin.
Exactly. I've been a fan of gold for decades and it sucks. You make money in the miners when you buy low and sell high. Gold itself sucks percentage wise and it's difficult to store and transport. People who make money in gold are the sellers and miners. That's why you get all these cheerleadings every freaking day for decades. Same old brainwashing bullshit.
