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You are a mind reader! Nice of you to make a video just for me. 😂 - my emotional view on my Jr miner stocks, short term planning, and the “go fishing” was a love letter to me!! 😂 Thanks for your content!! I never miss.
see historical charts of gold from 1800... gold long up long crash... with economic boom and bust in gold log up or in gold long crash! see "@ciclurieconomice8494" youtube channel "Cicluri Economic " channel at esction community see the historical charts.
"Big Short" investor Steve Eisman said the sizzling stock market rally of 2023 can run on as long as the US economy stays strong. I’ve been sitting on over $345K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
When people have money, they spend it. And some people have a tendency to spend more money when they have more of it. If you want to handle your money better, you should talk to a financial professional.Learn more.
Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
@@jeffery_Automotive 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?
My advisor is Julie Anne Hoover , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@@jeffery_Automotive thank you for this tip , I must say, Julie appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
True, I’ve been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
@tudorrwilson My Financial adviser is ‘’JULIE ANNE HOOVER’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I am one of those retail investors, I buy, wait decade or two. In the meantime I live simplistic, stoic life. And I am happy living through all recessions so far. I took different approach to life, dont borrow, dont spend what you dont have, read lot of books and am perfectly happy that way.
Probably but will see if we will have recession. At this point better to have mining stock that’s why I put them right after physical gold and silver. Buy oil and gas company independently of the oil price buy great oil company that are buyback shares, with great dividends and with a pathway. When the price of oil will go triple digit you will be happy to have accumulated when it was cheap
George, I keep purchasing gold and silver. There is one thing folks in USA did not experience recently (if ever). Sudden devaluation of their currency. It did happen to me several times - when national bank announces overnight that their currency gets devalued by XX%, It happened to me on Poland (80%) but also in Finland (20%). This is what I hold gold for. I do not care much what gold price in $ (even though I live now in USA)
Great video, a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
@@Oly_laura renowned for her proficiency and expertise in the financial market, “Catherine Morrison Evansl” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
@@hermanramos7092 Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I love getting paid to hold an asset, especially while it grows in value. One of my favorite ways to do that is by holding dividend paying stocks. Nothing like a dividend etf to give you diversification AND income! Gotta love it. $80,000 of passive income made so far in 2023.
My "boring" ETF portfolio just paid me over $4,000 in dividends last month. This is money that i can choose to spend without having to sell any of my shares. But for now i have it all set to reinvest to buy me even more ETFs.
@@84gaynor Anyone have recommendations for a reliable monthly investment? I hope to ultimately supplement my income from work with a monthly income from investments. I will still make long-term investments, but it would be wonderful to have a little additional money each month.
Bear and bull markets offer great opportunities. I used to discredit people who made money in bear markets until I did it myself. The US stock market is currently experiencing a long bearish season but if you zoom out it's actually a bull run as the market always comes around, so it's understandable that people are panicking. However, there are opportunities if you know where to look. With the help of an investment advisor, I made over $250k in profit last year.
I have "Jill Marie Carroll" as my investment advisor. She has a solid reputation in her field and is a true genius when it comes to diversified portfolios, which help portfolios be less vulnerable to market downturns. She may be a name you are already familiar with; a Newsweek piece helped me to do so. She's a Google-able person.
The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.
An obvious way to lnvest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Rebel, a financial advisor is important in making this decisions
@@Sopknapp Such considerations can certainly have a role when I think about whether I ought to buy into a share. But I never purchase purely on that basis, i always have to seek the adv!ce of my financial-planner who has helped me gain $985k in a well-diversified portfoIio that has experienced exponential growth
@@bill-_ Big Credits to ''Mariam Sandra Milner'' she has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Mariam has been a good guide through the year
Investors have just turned back the clock on the Fed’s tightening campaign and cast aside the Fed recession fears that ruled them for 15 months. I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any suggestions.
People spend their money when they have it. And when they have more money, some people tend to spend it more. You should speak with a financial expert if you wish to improve your financial management.
With around $120k invested in Palantir stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.
Prioritize two goals: strategically buy stocks to limit losses and maximize gains, and be prepared to capitalize on market shifts. Consult a financial advisor or professional for personalized guidance.
Certainly, I've been consulting with a Certified Financial Planner (CFP) since the outbreak. Beginning with an initial fund of $80k, my advisor makes decisions on when to enter and exit positions in my portfolio, which has now expanded to around $350k.
@@Marquis-9 How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Katherine Nance Dietz is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
excellent share, just copied and pasted Katherine Nance Dietz on the web, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
I buy Au and Ag routinely primarily as insurance. When SVB happened, value store assets skyrocketed. I think it’s likely that could happen again. Ag is primarily a trade into Au when the GSR reverts to mean. Long term I tend to take both assets and turn them into land, which IMO is the ultimate store of wealth
Been stockpiling gold list with extra disposable income 4 years to the point where I have a buying schedule which is very slow. Every four months by one ounce of gold.
I think this is my favourite video you’ve ever published, George. So much knowledge and truth condensed here that I feel I’ve glimpsed into your soul. You actually care about people and you are humble enough to be able to face economic reality. Wise words, mate. May those with ears to listen hear your message.
I started ringing the bell about six years ago. I expected the SHTF in early February 2020. Then came a global lockdown slamming on the economic brakes. It just delayed the inevitable
Happy 4th of July, George! This 4th, I am so grateful for like-minded, freedom-loving, capitalist-believing, Patriots like YOU! Just like Clay Clark, you “give us permission” to see others who think like we do. Thank God for you. ✝️
People pull the commodity plays first during a true recession unless the sentiment is that the government has lost control of the economy. It's that simple and difficult as that to figure out.
Best conspiracy video I ever watched and I been watching a variety of them for years....I do tend to react and panic and feel like I have a special window into the future because someone else did secret research and found out things going on behind the scenes....thank you George for grounding me.being sane in this crazy world and for caring enough about your viewers to give such wide advice
Gold is a lot easier to deal with as a LT wealth tool; buy it and forget you own it. Let the grandkids spend it. You get into trading gold & it's just another "shiny object", subject to timing. Right now I'm just rolling over 3 & 6 months CD's at 5%+ until the TSHTF and equities are deep in the ditch.
Great stuff as always. But for gold and silver the COMEX & LBMA are being drained (manipulation is ending) and BRICS will have gold+ physical backing. Need to take that into account with probabilistic outcomes
You know the bulls said all this in 08, 09, 10, 11 and then 16 came along. Remember buy silver crash jpm, never happened just a load of vids from people frustrated with their paperweights
@@brawndothethirstmutilator9848 the price you pay is everything, buy at top then wait years for another run and hope they've talked it up enough to at least get your money back
Dividend paying stocks, physical PM’s and some cash make up the majority of my “portfolio”. Gold/silver/copper/uranium equities for speculation. Easy Peezy. Thx George
This is why you buy gold and silver with money you dont need. Bought a 1oz gold necklace 1991 it was $450 including labor, look where is gold now,be patient my friends.
that is side income, both condo total cost 130000 with 25000 income how many % is that. And the value for both is about 500000. That is very good I guess. The investment was bought from sale of gold during 08.
I started buying high end audio gear….. all the national music tours shut down….. and all the musicians were unloading Guitars, mics, and vintage gear to pay their mortgages…. I was regularly paying .35 cents on the dollar- if you know an industry….. best opportunities… when they shut everything down
Gotta say, George is right. The covid crash allowed me to pick up oil stocks pretty cheap. Bought for dividends initially, got 100% stock appreciation as well. Cash is king during large market shocks.
They might announce one at some point, but it'll be months after the fact, rendering it inactionable. George is *assuming* we are ~75 days out from the start, which translates to ~6 months from any announcement. It's all just a guessing game.
The likelihood that confiscation of property, and prohibition of trade for commodities. May happen, before hyperinflation occurs. All three of these effect personal freedom, and opportunity.
Best video I've seen. I bought silver and mining stocks since 2013.......I'm down a lot! Feel very stupid for fomo in. But I haven't sold. So we'll see
Great presentation...I held gold and silver for YEARS and it was hard while it was down...but the ability to hold long term was critical and the covid happened and I was able to finally sell some and pay off my mortgage and buy things with the appreciation....but it was hard hard hard
I’ve been buying the same amount of gold and silver every month since 2002. I keep 10% in my possession, and store the rest of it in other places. I don’t even think about the price or the value, I just look at ounces. I’ve never sold an ounce. I will begin to sell when the Dow/Gold ratio hits 10. When it hits 5 I’ll unload 75%, buy a bunch of blue chips and live off the dividends for the rest of my life. I’m 68 so I worry less about inflation than I do about capital preservation and cash flow. 30% physical metals, 45% cash, 25% dividend equities and 3-4 speculative bets.
@@Pelican5077 I think that's the right way to accumulate - buy a set amount you can afford to be without every month...although I'm not too keen on current prices. got too spoiled at much much lower prices.... some things are more important in my opinion than to HODL - owning my home outright is one of those things...but not much else. Still have a lot, so selling a bit to get rid of a debt was worth it to me - feels so much better than having that silver back. but that's just me
@@freeman7296 Oh I agree with that for sure. We live on our sailboat and don’t have any debt, or property tax, or any utility bills. If we had debt I’d definitely be prioritizing that first at this point. We put 300 per month into metals and since 2002 when we made our first purchase we have accumulated a lot of ounces. We are both 68. If the Dow/Gold ratio ever gets to 5 I’ll sell and buy blue chip dividend equities. Otherwise I’m hoping I never need it and my kids will split it someday. For us it’s like an insurance policy.
@@Pelican5077 my watch collection is getting most of my money right now - with pocketwatch prices depressed...when premiums settle down, I'll probably repurchase some of what I sold off. I'm in my mid-50s so I've got some time to go yet...hopefully I'm still around...my kids may or may not get it depending on what happens in the future if I need that insurance in retirement.
The last 4 min is gold thanks George I will make my 13 year old son listen to your wise words . There was a kid on a you tube video that said what's a dollar cost dad . I asked my son as a joke he said 50c many soon he can create $1 from 50c . If my son can learn that at 13 I will value your words always thanks George.
What do you call the state of an economy that needed extraordinary efforts to bail out banks by using the US treasury to paper over bank losses- backstop banks from closing? If not for the ability to paper over loses, allowing the stock market to roar, we would have a depression. If we aren’t in a recession, it’s certainly a stagnant economy with persistent inflation
I'm sure glad I found this channel Mr. Gammon really helps with the common sense of investing. He makes you think, back off and look at the big picture. He is someone that is truly trying to help. I really do think.
Great advice. I wish I had learned this earlier in my career but I have learned patience and the “art” of being patient. I’m down in my mining and commodity stocks now, but I’ll lose money if I sell now…I’m in it for the long run and George is right about the angst of internally debating but/sell decisions. One thing that I wish a lot of RU-vid investors and advisers (for lack of a better word) would do is admit when they lose money, and what they learned from that. Other than Peter Grandich I don’t know one single investor who openly admits that he has lost a lot of money a few times in his career but has done well overall. Openly admitting that you don’t always win would benefit a lot of us “amateurs” looking for advice.
I've been incredibly patient. I'm relatively new to markets. The madness of 2020 got me pretty excited, very emotional and volatile. Then I got out and started watching and studying. Been in cash for what seems like forever. I will be locked and loaded when a good buying opportunity presents itself.
@@realfreedom8932 Too late guy. You mean years more. Fine. The trick is not to make money off every stupid rally *AI* cough. The trick to winning is to avoid the big losses. Develop a plan, stick to it, and wait to strike. Doesn't matter how long it takes. My income is technically unlimited anyway.
Thank you for your very refreshing honesty. It turns me off when I see RU-vidrs put out videos about how much they care about your financial health but offer you a gold source they get kickback from! And those commissions mean you don't get the best price. I know of one that doesn't offer commissions and he offers the lowest prices anywhere. Hint: he operates out of San Diego.
You should have Tavi costa on your show. You say the same thing but he thinks that commodities won’t get hit by the recession as they have in the past. Would make for a great interview.
They can no longer hold back the evidence of the recession. So yesterday, I moved some into short-term Tbills as they have the best rates now. This morning took some profits and will likely do the same with the money. Have cash and been patient with a purchase in mind. Came back to this video just now and see I did the same! In the end, it really just makes sense if you're paying attention!
Replace the word recession on the title of that chart with the phrase 2 negative quarters of negative growth. Then remember Gold bottomed in November 2022 after a similar pullback to 2008 pullback.
OK George good stuff as usual which indicates something massively important & tells us that this is NOT going to be a common ol' recession but a massive depression. In your chart the pre-recession peak of commodities is about 70 days prior to the recession & the S&P peak follows a month later, about 40 days before the recession. Currently the Bloomberg Commodity Index is already down about 25% from its peak [In a straight line almost.] over 12 months [Not days.] & the S&P up [& still going up] 30% in 9 months. So the commodities peak was in June 2022 & the S&P peak is still to come therefore this is playing out over many months NOT the days depicted in your chart. This logically means that the 'recession' will also be massively extended lasting many, many months if not years & thus it follows that gold/silver will finally rocket to the moon.
Thanks 😂 George, awesome video. You tin hatter and click bait always gets me... not to mention that you are probably the only one in this space that doesn't use sponsors or promotes anyone
An associate of mine told me how his father was one of the principle investors with the Hunt brothers in the now infamous attempt to corner the silver market. Epic
9:12 George, but what if physical gold is not available at the bottom because the big money will have taken it all off the market? I do not like papergold..
George. I wish I had came across your channel earlier and understood the 2yr/10yr signal. Instead I was only listening to your buddy Peter Schiff. He’s great but he was very convincing to buy gold. I shifted my positions too early. Now I know that I should have waited. But we’ll see how it all plays out. Excited to buy more during the dip!
Don't buy gold as an investment to make lots of money. Any gain is nice of course. But buy gold/silver for one reason - to preserve the wealth, or hopefully most of what you have now. Remember, if the dollar also goes to zero (which it's well on the way to) all that cash you're holding in reserve becomes worthless.
I'm not bailing on my commodity stocks. I think "hard" stuff will dominate...not unrealized promises of future earnings that will not materialize for the great AI boom. There were plenty of stocks that made money (in addition to the many times more corps that made NO money) prior to the dotcom burst but all went down just the same. CSCO was a great example...NVDA might be the next. Gold, silver, oil, won't go to zero (except on futures contracts) but intangible stocks can go to zero. Poorly run mining/oil stocks can go to zero but the need for oil and gold will sustain. We don't need AI. We have enough "artificially intelligent" politicians.
George, with all due respect, you're asumming that: 1) price dynamics for risk assets you want to buy will play out in the same way, and 2) you'll be able to time these dynamics to extract outsized value. Maybe you can, maybe you can't - but banking on a particular scenario doesn't seem like the most prudent approach compared to a simpler, more robust asset allocation strategy.
Land and houses, in my opinion, are now cash cows for the government, insurance and real estate industries. The commodities markets are manipulated. Cash is the way to go. Get self employed, live humbly, save up your money and get interest paid on savings and pounce with cash when you see an opportunity. Ive missed a few opportunities through my inexperience and naiveté, but my latest investment in a run down business which i bought freehold, with cash , for a song, is going to net me 220k for three years hard work.
What about the unused office space in these large skyscrapers. Theirs a 1.2 trillion dollar bill coming up with the 44000 vacant floors coming real quick
This was a good video, important points, the one thing people need to relize is how many new investors there are in this new era of investing, but it also makes it much more emotionally driven because of influencers! But nonetheless millions of new investors!
