People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
Finding financial advisors like Vivian Jean Wilhelm who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Considering the current market uncertainty, it appears prudent to consider investing in gold or a gold ETF. I'm contemplating allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is enticing, I recognize the importance of maintaining a long-term investment strategy.
Gold is seen as a safe bet during economic ups and downs. But investing in it can be tricky. Some people lose money because they don't understand how it works. So, it's wise to be careful. I suggest talking to a financial advisor who can help you figure out when to buy and sell.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
I've come to realize that money is a tool. I've worked so hard over the years to realize that if you don't make money work for you, you can't experience true freedom. fully retired with over $3.5million, my dividends is supplementing my retirement at the moment. started saving and investing in 2010 in growth, No regrets and financially free._
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor??.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly..
I count myself successful in trading with the help of my broker who manage and handle my trading account and get me awesome profits. Her strategies are top notch coupled with the little commission she charge on her trade.
Yeah, so true. I just bought gold at $2400-$2500/oz. Certainly not the best investment since the price is at an all time high. The whole point of buying gold is to preserve the buying power I have remaining rather than dollars sitting in a bank earning 4% interest.
Gold is a excellent way to hide cash during a divorce. Today one ounce is roughly $1,980. 505 ounces or 32lb= 1,000,000. You can hide 32lb in a storage unit.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to making you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life...
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional
I trade as a side hustle while keeping my job. I'm tired of trading in losses myself. I've blown my account twice and it's frustrating. I see people making a living out of trading and I want to do the same. Please I need help can someone teach me how to trade?
From an average "Joe" that has purchased and sold gold under ~3 oz. Gold physically is incredible difficult to sell even at SPOT PRICE and typically you get 15~30% less. You truly have to do your legwork to shop around for who will give you the best price. Than there is those who sell on the forums or chat groups....and despite all this people still do it. If I get back into it it would be non physical gold. It would just be easier to move around this way although I never done it. Worse yet is if you find non-pure gold to sell. wholly crap the fees to purify that and try to get spot price makes it almost a mute point. It is not as easy as they say on videos like this.
You are having difficulty finding liquidity with physical gold in the US because of the relative strength of the US dollar in the current state of our economy. If you were to go to other countries that have serious economic troubles, then you would find a much more consistent liquid economy for physical gold.
complete BULL. you can get spot or max 5% below.. NEVER does a person with half a brain would sell gold at 30% below spot! DO your homework people. dont listen to BOTS.
right on the money.. there no need to call your bank or worry about stock prices.. Precious metals will be here long after we go !! lol.. great response
Without the actual physical gold in your hand, then you're wasting your time. Because if our society reached the point where we rely on gold guess who's going to disappear with your gold.
What are you going to do with Gold? Cost you to buy it, it cost you to sell it. If everything crashes, what are you going to do with it? Led will be more value able than Gold. Assuming you survive a crash and no one has come and taken your gold from you then you might be able to use it. Buy Gold is another gimmick by the rich! especially from Rich DaD Poor Dad who owns Gold mines. He wants all your cash go buy his Gold. Gold so valueable why is he trying to sell it to get your cash
Better than losing all your dollars in the bank during a bank bail in or having it become worthless due to hyperinflation. Either scenario would mean a bigger loss for you. Buying power is the name of the game here.
Lately I’ve been thinking of buying stocks and cryptocurrency for retirement, I've set-asides a certain amount of capital to invest but along the line, I usually get cold feet, maybe because I have no idea what I'm doing, please I could use some guidelines.
One of the best things I ever did was hire a financial advisor that I trusted. Not just for the understanding of what to do with my money, but having the financial coaching to help me get out of my own way when it cam e to financial fear and emotional back and forth. I would jump from one hot topic to the next, but a professional was able to help me silence all the BS Hype... and build a real strategy for my financial future. Hope that helps serena
I laugh out loud. Dow in 1929 18 ounces of gold. Dow 2017 to 2024, 18 ounces for Dow. 1933, new house 235 ounces of gold. 2022, 235 ounces for new house. We are in a massive debt bubble in fake fiat currency. Gold is not up. Fiat is down. Gold is money. Ten per cent is good, maybe even 20%, given to children at death.
I buy physical goal with zero intention of ever selling it during my lifetime. It is my break glass in case of emergency asset. IF I ever need to sell or use my gold will be in a very dark historical moment and l survival itself will be tenuous.
I never viewed metals as an investment, but I always saw it as a great way to save your cash & retain the value from when you bought it. It’s not hard to turn it to liquid cash, and it beats letting inflation destroy your savings.
This podcast was 9 months ago when gold was $1950 ish. Can you please interview guests about Gold now that it’s all time high (today $2178)? Is it going to go down?
*I OWN MANY REAL SOLID SHINNY GOLD BULLION 🥇 PROVERBS: WISE SAYINGS: WISDOM IS BETTER THAN GOLD; KNOWLEDGE BETTER THAN MONEY🧠>🏆💰💵 FUTURE LOOKS BRIGHT 🌞😎*
Correct. The price for paper gold is the price you pay for numbers to appear on your trading account. The price you pay for physical gold is the REAL price of gold driven by supply and demand.
Way more of them using Ripple Net. They can use XRP insted of BTC. Cheaper, more utility. Only question is who will own escrow of XRP that Ripple currently holds. This is everything because it's put that holder into position of setting monetary policy for whole world
this is such non-sense. buy good cheap ETFs and Real Estate. If you want insurance, buy actual insurance. All these doom and gloom predictors are always wrong.....
The one thing they are missing here is the fact most people don’t have enough left over to buy gold as a hedge. Not enough disposable income. Of course there is a way to break out of that cycle, but Gold will not build your wealth. Build wealth first.
Very true, especially if most of your income gets eaten away by housing and food like it is for a lot of households, but there's also a lot of people spending their disposable income on the latest phone, bag, and other shit they don't need. A price of an iphone buys you 60oz of silver. An average American buys a new iphone every 2 years. Over a 25 year stretch an average individual could stack a 1000oz of silver instead of the obsolete iphone. Silver is just 1 example. By all means do real estate, index funds, trading, crypto, start ups and all the above. Just remember the opportunity cost of spending money on shit you don't need vs investing and buying insurance vis a vis precious metals.
ppl dont buy gold cus vast majority of ppl have no clue about gold and straight ignorant about wealth and personal finance. Also the USA is one of the easiest country to acquire gold (so many websites where you can easily buy gold bullion) which most states dont even tax but ppl better have $1000 monthly payment on their new truck
Over the long term, price of Gold has went up by a lot and those who held gold are laughing now. But warren Buffet said not to invest in gold because it is a non productive asset. I guess warren is wrong.
True... I remember buying 5 gram of gold in Indonesia for around $160... And now it costs almost $60 for 1 gram of gold...so it goes almost double the price...
I never viewed metals as an investment, but I always saw it as a great way to save your cash & retain the value from when you bought it. It’s not hard to turn it to liquid cash, and it beats letting inflation destroy your savings.
You’ve nailed it! The volatility in crude prices underscores the need for strategic investing. Gold and crude can serve as effective hedges in times of instability. Balancing investments in these assets can provide stability and potential growth, especially amidst rising inflation and geopolitical risks
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I am not big on gold (or silver) I mean the "value" of it is based off the dollar or other currency. I cant take $100 of gold into a store and buy food with it. I am not an expert by any means in gold or silver, but the people pushing it I dont believe
The US dollar value is based on most countries using it, mainly in exchange for oil, But that is changing for Russia, China and others.The US fought two wars with countries that wanted to end their use of dollars for oil: Libya and Iraq.
@@grimaffiliations3671 The value of the dollar is based on the world still using the dollar. Once the world moves on from the dollar system, the dollars will come flooding into the US, making them worthless pieces of paper. By that time, price of goods and services will shoot to the moon (aka hyperinflation).
People who invest in gold should remember the government charges 28% capital gains tax...And if the dollar collapses what are you going to exchange it for?
You can barter with local people. They may have something you want and if it is high value, you can barter with gold coins. Or there may be new state currencies that are gold backed and you can exchange your gold for the new state gold backed currency. And you may be able to exchange an ounce of gold for lots of state currency in this new economy after the dollar collapse.
@@ArtOFHardstyle My parents seem to think that the dollar will last a very long time, making the argument that if the dollar collapse, the whole world collapses. But the problem I see with that argument is that I don't want to bet the future of my hard earned wealth on the dollar.
If you look at the historical value of gold it is an investment similar to the stock market in that it takes good timing to get in and get out to make money. Instead of looking at it as an investment look at it as insurance. If financial markets collapse the chance that gold will hold it's value is very good. So buy it the way you would buy insurance. Just buy what you can afford and hang on to it.
@@burgholte I think it makes a lot of sense. Gold is a kind of insurance against inflation. It's not meant for get rich quick schemes but as a way to preserve your purchasing power. But like stocks the price of gold does fluctuate on a daily basis. You can end up paying more than you want for physical gold if the timing is off.
Yeah and government has historically taken it from the holders when need it 😂 It's heavy, and hard to hide from government. BTC is hidden from Government, is digital and infinite...
@@BrilloHead No, we do not have a problem of overspending, if we did, prices would be going up across the board. They're not, which indicates inflation is due to other reasons.
The basic problems with Gold, using it at as an investment, include, but are not limited to: 1. No accountability. You don't know how much Gold anyone has, or what quality it is. 2. Poor transportability. Try to take a mass of Gold on a flight and you will lose it, or get robbed. 3. No scarcity. Between paper contracts, jewelry and mining, it's easy to make more, like dollars
#1 is the best reason for gold LOL, your enemy, lawyers or the government does not know how much gold anyone has. Mining gold costs a lot, if gold crashes its literally more expensive to mine it than what you get out of it. Its not as if it just keeps pouring out of the ground with no end in sight. That would not be true.
Yeah, that’s not how it really works. I live in a country that has experienced insane recession due to money printing. At that point in time, one dollar was worth well over 2000 of our local currency, whereas now it’s like 1.7 - 1.8; Pretty much the only people that didn’t go completely bankrupt had gold. Also, gold mining is like really expensive and material handling to make the actual investment gold is way more expensive as compared to printing and slower. Also the ratios are completely different - you can print money at any rate you like, gold not so much. Also, gold is kinda finite.
Point #3 is wrong. Gold is scarce in the sense that it is finite on Earth. And it is getting harder and harder to mine gold out of the ground, which means there's always value to gold. Fiat currencies like the dollar is NOT finite and can be printed to infinity as we are experiencing now and more so in the next 10 years.
Gold is real money. It’s not tied to the federal reserve. It’s an asset you can hold. Gold holds its value. It’s not volatile. I own ETF’s too but that’s paper currency. When your stocks crash, gold goes up. It’s good to have.
@@theslowevo9303 because I didnt see a point being made. Gold is a scam? That's like saying electricity is a scam, Walmart is a scam, government is a scam. I dont even know what that means. People selling gold? The main purpose for physical gold? Digital gold funds? Golds performance over the years? Or something completely different. I'm not sure what u were trying to say. "Gold is a scam" doesnt mean much without added context
I don't see how it would be worth less. If everyone invests in gold, its value goes to infinity. And at some point, it becomes unobtanium at any price.
Gold If Bitcoin could be counterfeited, confiscated, had no accountability or protocol layer, couldn't be used to buy goods and services, couldn't travel at the speed of light, and could be diluted with paper contracts, jewelry & incentives to mine more, and wasn't up 65% this year, you'd have Gold.
