Yeah, he’s really big on that. I mean, gold and silver have been safe havens for centuries. But the question is, how do you balance that with everything else in your portfolio
I’ve been thinking the same thing. Sure, gold and silver might be great in times of uncertainty, but you can’t just put all your money in one basket. It’s about finding the right balance
Exactly. Kiyosaki makes a good point, but for most of us, it’s not as simple as buying gold bars. You’ve got to know when to invest in metals, when to diversify into stocks, bonds, or even real estate.
That’s where having a solid portfolio strategy comes in. I actually started working with Joseph Nick Cahill few years back, and he’s really helped me figure out how much exposure I should have in things like gold and silver without ignoring other investment opportunities
Yeah, it's not just about piling into precious metals because someone says so, even if it’s Kiyosaki. Timing is key, and knowing when to pivot is where a good advisor really makes a difference
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
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?
Precious metals offer intrinsic value, stability during economic uncertainty, and diversification benefits, no doubt, but why choose that when the economy is riding on new corporate growths and breakthroughs? I wouldn't be putting capital to buy silver and gold if my stock portfolio can give me a 40% ROI.
I agree. But you know not everybody has that expertise to choose the right stocks. Some may not choose good stocks, and you know that could be as bad as anything, except of course they hire a good financial advisor.
Then hire a financial advisor? The logic is literally self explanatory. How do I make five figures from the market monthly passively? You think I have a PhD in economics or whatever degree you need to invest?
Yes, but you do agree the amount of information on the internet can be overwhelming? Now we are talking about that, maybe you could recommend who you work with? I've put that off for too long.
Rebecca Noblett Roberts is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
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.
You have to be stupid for buying gold or silver as a investment because you'll never get the money you paid for it it is now worth half because the spot prices is not what anyone pays its half of that
@@steveramirez7395 you would have to be stupid for holding onto something that has no physical value like a fiat currency. I bought a decent supply of silver when it was cheap. Go check the index right now and tell me I lost money
It will be affordable when the crash that everyone here is hoping for happens. Wall Street will liquidate all assets like crazy into the USD and leave bagholders galore
i remember when gold was "worth" around $520/oz almost 20 years ago, and silver was less then $5 at the time too, i really wish i had bought gold and silver at the time.
People say that all the time. “I wish I started when it was cheaper”. That’s why you start now so in 20 years you don’t say oh I wish I started 20 years ago when it was cheaper
Everyday is a good day. Look at the future not the next day like a stock trader (they have a subscription 60k/Mo tablets with up to the sec news on stuff.)
I hear alot of that saying. Robert basically saying you should buy silver now at $35, in the future silver could go up few hundreds. Scarcity & demand will drive price up.
@@steveramirez7395 What are you talking about. I can go to any one of my local coin shops or coin shows and get at least spot for my silver. Some places may pay 50 cents to a dollar under spot on certain Silver rounds. American Silver Eagles can get 3 to for dollars over spot right now. Sorry, but I strongly disagree. I bought 300 ounces back in 2017 at 18 dollars per coin and can almost get back double what I paid. It’s a long term hold.
@@donrahstar9447 So are the Dow and Bitcoin and both are 10X or more of what Golds all time high is. Gold and silver use to be a wealth in the past but in this day and age people don't want metals they want digital wealth. That's just how the world works now days.
First time I bought silver( or ever invested in anything in my life) I prayed a lot b4 I did… 3 yrs ago. Now I no God did lead me to do it. All glory to the Most High!
Same today, got a message from god to buy it because I was looking up something else on youtube and it led to a rabbit hole about how today saudi arabia is done using USD as their currency for oil
@@brianj6314Jesus doesn’t care about gold or money. He told us to NOT store up gold and silver. Ever actually read his words? Maybe you should be sure who is influencing your decisions?
@@dmonty4354you can’t just read parts of the Bible and say things. All throughout scripture, he says we’re actually to have dominion on this earth. Proverbs 31, the parable about the talents, etc. all teach on storing and utilizing money properly. Hoarding it and only using it for your selfish desires is where God has a problem. Being broke limits what we can do for God. Think about it.
Gold and silver is God's money The only money worth having anything else is Fiat and based on trust if the currency has low trust in the value it goes way down
Real estate or land is nice as well historically the nobles and knights owned large sums of land. You can always utilize land in one way of another such as growing crops or build something.
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 appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
I wonder why my friend would buy a ounce a paycheck of silver and put in his gun safes, always told me silver will be used way more in the future this was 8 years ago and until this day he still collects silver
He's very smart. The two dummy's commenting are dumb asf. I wish inhas been stacking from since I was a kid. Silvers been money since the beginning of man. It's never gonna change. Paper money is fake as crypto. Silver hidden will always secure your money
*I had problem comprehending trading in general. I tried watching other RU-vid trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow*
The first step in every successful investment is to establish your goals and risk tolerance, a task best undertaken with the assistance of financial advisor.
What about investing in gold? I am from India. Back in 2018, gold was ₹3200/gram. Now, it has doubled in value in six years. SIX YEARS!!! Even the banks won't let your deposit double like that.
Gold beats inflation in the long term. That's why it's the best investment. Also whenever you need money for emergency, you could gold loans pretty easily.
Kiyosaki recently announced he was one billion in debt with no means to repay. His intention is to stick it to the creditor banks. In a similar note, Mama Cass wrote and sold dirt books before she died of obesity.
Yeah, but if you were to buy precious metals, every paycheck, you wouldn’t be able to buy gold every time you may be able to buy gold once maybe even twice a year at that if you’re making a median income in the United States.
@@ChildofGod-q7j I get paid slightly above the median income in the United States. I can usually buy an ounce of gold in June or July and then I can usually buy an ounce of gold and November or December. But I always make sure to split up my paychecks every month evenly so that way I can pay my bills by silver and put some money aside for gold.
I remember talking with my mom how gold was only 2000 roughly 2-3 years ago and now it's 2500 approximately. But what's crazy is how much cheaper it was decades ago. Like dirt cheap nearly.
It wasn't cheap back then. That's the way you gotta change how you think. Back then inflation and wages were lower. So it was just as expensive in all honesty. It just looks cheaper compared to the time we are in now.
The reason for that is simple: the stocks that you hold is as volatile when it's going down the same as when it's going up. So the 40% ROI can become a minus 50% next year. And unless you have the ability to accurately predict the market, buying gold and silver cheap when the market is booming is always a good insurance policy.
For year's ppl on RU-vid predicted dollar collapse and silver to the moon , still silver belowe 25 dollar and dollar record high , I'm so happy I sold half of my silver stack years ago and bought more gold
The price of silver and gold are only affected by the value of the dollar on top of inflation. Other than that, you cannot manipulate the price of gold, silver.
I love the Silver, more than gold.... Silver is an affliction for bad men and a benediction for good men !! Good Robert how do you knew that ? I love the Silver !!!
I buy about 3 oz of silver a month. I also try to buy at least a $500 bond each year. At this rate when I retire I should be looking at well over $100,000 for retirement. Plus my retirement from my job I should be okay when the time comes. Guess I’ll also pull Social Security (if it’s still an option)
I’d say also have a Roth IRA I have one and I have it invested in a S&P 500 index fund. FXAIX it’s Fidelity’s brand all the $ you put in is after tax dollars so it grows tax free. I have silver as well
@@doktastrange911 coins as of right now. I prefer actual bullion (silver eagles). Yes I realize the premiums make them arguably the most expensive silver you can buy but they are also some of the easiest to sell and you’ll typically get higher prices when you offload them. I also stack constitutional silver but I usually try to get that for free.
Great analysis, thank you! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
Well, you’re exactly right. The toilet paper should stand for something though, which is how it derived its ability to function as money. Downside is, it no longer is backed by anything tangible, and with all these other nations backing away even further from the dollar it’s devaluing more each day.
1 pound used to be worth 1 pound weight of silver. Today's price is around $590/ pound weight of silver. Today in England a pound note won't buy you a beer. The average price is £5.90 = to $3481 value of equivalent silver .
I agree silver is more affordable.. but the price increase in silver is passive compared to goal... and let it be silver, gold or any metal ultimately we invest in exchange for money, so it can't be just a paper... money is always ultimate
Silver is more repressed than gold. (The ratio should be 1/10 value of gold). So due to the barter-ability of silver, and the knowledge it is significantly more repressed, it may be the better investment. I’ve seen very good arguments for both.
I get this as a wealth backup and for diversification. But when, let’s say, shit hits the fan and we’re all in survival mode, is a gold coin of any use when bartering for commodities?
You can do a quick research. Sdbullion, jm bullion, monument metals, etc. It's all online but they're legit, or search for any local coin shops around your area. But you have to remember once you buy it, because of the premium, you lose about 10% of the value because of premium and more if there's tax on your state.
First things forst, pay off all of your consumer debt then build up a 6-12 month emergency fund then start putting serious money into retirement investments then pay off your mortgage. Max out your 401K then set up a taxable brokerage account. Once you get there instead of continuing to add to your cash savings account start buying silver and gold bullion. The goal is to have 10-15% of your portfolio in cash and of that 10-15% at least 5 % in metal.
is it you answer based on data? its really annoying silver can be dark colour and so shit, and when we want to sell buyback to store, we must clean up first or no need?@@MillionaireMotivationMastery
only 1 times when we want to sell? I got information from jewellry stores today that silver got oxidation and getting black and they can fix it, but potentially its Size reduced little by little every time we try to fix silver? is it true? my source is jewellery store owner who run gold jewellery business for 20 years in Indonesia@@MillionaireMotivationMastery
@@tigercorp1669it depends if it is a bar round or coin. Most of the time you shouldn’t clean it because you could do too much damage to it inadvertently like scratching and scuffing. I you have to I would recommend restoring the silver with a q tip and ms70 coin restorer.
Where does he buy gold and silver? I want to invest in it. But I don't want to get scammed by ones selling "real gold" that turns out to be fake. You know what I mean?
Facts!!! I'm a wholesaler, tons of NGC certified coins in house. Best way to avoid fake coins my friend. If your serious about investing and building a bulletproof portfolio, let me know 🫡💯
