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Valcambi CombiBar - The New Gold Standard in Gold 

Peter Schiff
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What would you do for a CombiBar?
The innovative 50 gram gold bar is easily divisible into 50 one gram minibars. Get yours today from Euro Pacific Precious Metals.
Call 888-GOLD-160 (that's 888-465-3160) or visit www.EuroPacMeta...
Note: These bars are designed to be "used" only in the aftermath of a currency crisis. In the mean time store your unbroken bars in a safe place. You can always sell them for cash if you desire prior to a crisis, but it's good to know you have a few on hand just in case one develops. Also, as the premium over spot is higher on these bars than for traditional, non-divisible bars or coins, you should not store all of your bullion in this form. If you have a lot of gold, the majority of your holdings should be comprised of the latter. But everyone should keep a portion of their physical holdings in CombiBars just in case.

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30 сен 2024

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Комментарии : 1,2 тыс.   
@peterschiff
@peterschiff 11 лет назад
The bars are actually slightly more expensive if you buy them directly from the Valcambi web site
@Skunkhunt_42
@Skunkhunt_42 3 года назад
Why?
@cravinbob
@cravinbob 3 года назад
@@Skunkhunt_42 You never find gold for sale at spot price. Sellers add certain amounts for profit and overhead. Selling at spot would get you very little until the price goes up but they cannot wait. It is a business. Probably also they are more time consuming to make these bars. Gold nuggets are worth more than bullion at the same weight...
@Skunkhunt_42
@Skunkhunt_42 3 года назад
@@cravinbob makes sense. Thanks
@JRcrash88
@JRcrash88 10 лет назад
hahaha, I love the way you explain how one bar equals $50 and two makes $100. It's like you're explaining it to kindergarteners.
@sampsonleevon7576
@sampsonleevon7576 5 лет назад
Even when you do stupid people refuse to buy into it...even if it was $5. Im a gold agent, my ceo wants everyone to get gold...People refuse it...thats why the rich get richer and the poor stay poor.
@abruegger007
@abruegger007 5 лет назад
Most people are stupid, just like kindergartners
@Toyota-Coaster
@Toyota-Coaster 5 лет назад
@@sampsonleevon7576 maybe because they cant afford it?
@tradrlarryone1827
@tradrlarryone1827 4 года назад
You would if save and buy on the market at the right time most consume their paychecks paper money and have to go back to work for more paper money instead holding store value reserves like rich people do people are stupid most blow their paychecks over the weekend
@gblargg
@gblargg 4 года назад
The point of his demonstration was that it takes twice as much gold (two of them) to be $100, while the $100 bill is the same amount of material just has a different pattern of ink.
@MakeSushi1
@MakeSushi1 8 лет назад
Hello Valcambi CombiBar nice video
@spjungen8099
@spjungen8099 11 лет назад
The reason gold is so great is because it keeps things simple - it's pretty, hard to find, reasonably store-able, and societies throughout history time and time again have settled on it as the best tender for currency.
@frankfei9130
@frankfei9130 Год назад
It is only good till we make significant technological advances to mine gold from asteroid and bring them down the earth.. Then Gold will suffer the same fate as aluminum...
@adamj2295
@adamj2295 11 месяцев назад
For currency. Yes. It's only a barter commodity. Not legal tender. Unless a dollar coin is made from gold. But then you spend it, it spends for one dollar
@grahamconquer8117
@grahamconquer8117 10 месяцев назад
Amazing
@heemlo649
@heemlo649 8 лет назад
you're right that paper is worthless, send it to me for proper disposal
@heemlo649
@heemlo649 8 лет назад
***** well in all fairness he does use his profit to buy gold for himself
@TheRealAhmadAmiri
@TheRealAhmadAmiri 5 лет назад
@GuinnessandPizza ok do you want to give me all your gold for cash instead?
@JC-XL
@JC-XL 5 лет назад
@GuinnessandPizza You screwed yourself royally, Einstein, it's $1507 an ounce today and going higher by the day !!
@luckerooni7628
@luckerooni7628 5 лет назад
Sure, just pay for it with gold!
@weekendjail1417
@weekendjail1417 5 лет назад
@GuinnessandPizza Depending on your age, that was probably a mistake.
@booman1545
@booman1545 2 года назад
Peter is just off by a few years but that worst case economic scenario is coming to light.
@sockmuncher6005
@sockmuncher6005 7 лет назад
If I bought this bar my girlfriends ocd would drive her to the brink of insanity until she broke the whole thing apart into 1g pieces lol
@travv88
@travv88 4 года назад
You never tell your girlfriend about it.
@outscoper
@outscoper 2 года назад
@ Peter Schiff. Your definition of intrinsic Value tells me i should buy BTC right now!?
@videodude123XYZ
@videodude123XYZ 11 лет назад
Thanks, I looked into it. Premium too high for me. It's a cool product though.
@SejeSteen
@SejeSteen 2 года назад
The funny money today is laughable compared to 9 years ago. Wish I bought me some of that gold
@jerrywilliams6016
@jerrywilliams6016 4 года назад
Which grocery store, pharmacy, or gas station would even take this instead of cash or credit card. How would the cashier even know the value? Sounds like a sales gimmick .
@jameslines864
@jameslines864 10 лет назад
This guys got 2500 dollars of gold in his wallet? Mugging team assemble!
@jayb-clay2724
@jayb-clay2724 4 года назад
Plus his 1 oz gold card so like 4 grand of gold in his wallet lol
@jlewsd
@jlewsd 4 года назад
Does he have gold teeth? I'll knock him out and you get the forceps.
@kodyballard49
@kodyballard49 4 года назад
Hes probably got a gun on him too, if you tried to rob him you'd probably only end up with his lead
@mrleafbeef634
@mrleafbeef634 4 года назад
Get it from China lol.
@manictiger
@manictiger 3 года назад
@@kodyballard49 Lead's kind of expensive now, too. I'll take it! Kidding, pls no shoot.
@sadikmeah4057
@sadikmeah4057 21 день назад
Disses the dollar then sells the gold for.... ...dollars Proving anyone buying gold for investment is an idiot Also pickpockets will think Christmas has arrived early
@1977JohnBoy
@1977JohnBoy 3 года назад
handy seeing old vids of gold and hearing the price and seeing todays price, think what i've learnt is to invest in gas!
@tony2345
@tony2345 3 года назад
I like your money laundering bank g
@RathOne123
@RathOne123 7 лет назад
Though most places you do your daily purchases will refuse to gold and accept cash only. I doubt it I can go to walmart and pay my purchases with a gold nugget.
@johanarvedal9741
@johanarvedal9741 4 года назад
not when dollar is dead. But will it die nope. Nope gold is the finger and the way to hide money is in the wallet of metal coins that is in way. Or just have it on a book small lite note. Way not card can break to small lite things and hide in litel keycain that hangs on a iphone case.
@Goldarr1900
@Goldarr1900 6 лет назад
How about store or pawnshop profit? So you go to a gold dealer and try to sell the gram, your not going to get 50 bucks! more like 35 bucks.
@N330AA
@N330AA 11 лет назад
I love the endearing level of enthusiasm Peter demonstrates here. Hope these catch on.
@myownruin187
@myownruin187 9 лет назад
When it hits the fan and it will it's mathematically a guarantee on this course we're are on, if it came down to a barter system I would want gold or silver to trade with nothing else You can keep your fuckin bit coin... Will see when your kids are looking to you to feed them and let's see how far you get with a bit coin... Pffff are you fuckin kidding me!?
@weirdyoda04
@weirdyoda04 8 лет назад
+myownruin187 Bitcoin is the best fiat currency ever conceived to date but still has no actual value whatsoever. Metal is better in a worst case scenario for sure.
@1ma4ighter
@1ma4ighter 10 лет назад
Shut up and take my moneyyyy! I want that card!
@sadikmeah4057
@sadikmeah4057 2 месяца назад
You can compare gold with paper money all you like but paper money is still far more valuable than gold. If you want proof... Ask the person who sold you the gold 😂😂😂
@OrangeAmped
@OrangeAmped 10 лет назад
It seems easy to lose because it's so small. It's an interesting idea but mostly makes sense for high rollers. Silver would probably work out better for most uses.
@boxxyroyal5019
@boxxyroyal5019 Год назад
This will be the first new/old form of currency when the banks fail and your debit card becomes just a worthless piece of plastic and your cash dollars become just pieces of paper. Gold will always hold value because it a precious metal. So is copper. So when the shit hits the fan these breakable 1gram gold pieces will be an easy way to carry currency for buying equipment/food/shelter or trading with. Right now 1 of those 1gram little squares ij worth 60 USD.. so one of these sheets would be roughly 3,000USD. That will be important to have during the post apocalypse
@williamfusco4980
@williamfusco4980 4 года назад
so now if you lose your wallet or someone takes your wallet, they don't have your credit cards, which you can cancel, they now have $2500 of your money and nothing you could do about it. This is a GREAT idea...………..NOT
@bofast
@bofast 11 лет назад
This is pretty awesome! They seem to make silver ones, too.
@pauledmonds7316
@pauledmonds7316 2 года назад
Yep, CombiBar does come in silver as well... though it comes in 100g bars not 50g. A mate n I each ordered 50g of gold combibar and as we were on our way to collect it, I had said to him; 'I wonder if they do silver combibar because it would be good for smaller purchases'. when we arrived, the dealer showed us some silver combibar... which we bought.
@calbeebbqbbq
@calbeebbqbbq 3 года назад
This is the dumbest thing someone can witness in 2021.....250 years of fiat currency and we come to this? go back to using gold ???Lol god this shit is going no where.
@TS1r731
@TS1r731 2 года назад
Only problem is that spending that little bar of gold in the store is next to impossible unless the store owner knows how to evaluate gold
@MrThe1234guy
@MrThe1234guy Год назад
I would have the money in 5 minutes That little $50 gram of gold would sell instantly for $75 on eBay and with instant withdrawal there could be in my checking account within the hour. People are buying gold so it's really easy to liquidate. No it's not being treated at grocery stores but I'm not trying to protect $50 I'm trying to protectLarger chunks of wealth from eroding away through inflation or criminal banking.
@FlorinVZaharia
@FlorinVZaharia 5 лет назад
I tried to pay with gold for a bus ticket. damn idiots would not comprehend that gold is real money and paper is not. then tried to buy ice cream with the combibar. ice cream vendor offered to give me change in silver coins, some apples and seashells. I obviously accepted because silver, apples and seashells are currency where I live just like gold is.
@AirelonTrading
@AirelonTrading 11 лет назад
This never stops being old ... It's just hilarious beyond words ...
@engle42085
@engle42085 2 года назад
I have never worked a job that accepts gold pawn shops yes but not jobs or retail or grocery stores or anything for that matter
@michaelpero4209
@michaelpero4209 11 лет назад
Would love to see other precious metals done this way... 1 currency will end the same way as the dollar, so I believe competing currencies are the way
@matthewadams3438
@matthewadams3438 3 года назад
We sell the wallet for these bars and you can find it here. www.ebay.com/sch/m.html?_odkw=&_ssn=juniororjr&_armrs=1&_osacat=0&_from=R40&_trksid=p2046732.m570.l1313&_nkw=element+card&_sacat=0 And to settle most of the debate going on in this comment section, yes we buy gold with the dollars from the sale.
@pevee2
@pevee2 10 лет назад
Did you notice the edit @ 48 seconds?
@gblargg
@gblargg 4 года назад
What ededit?
@hOtneO
@hOtneO 5 лет назад
6 years later and this video only has 190,670 views, and you have a man who puts on make up with millions of views. The economy collapse is going to take many by surprise, the outcome could only be huge social upheaval. In that time, they could have been buying something that holds value for 6 years, but most likely people buy stuff that doesn't hold value, it lost value because they bought something that's disposable to begin with. The country needs a new 1% that's measured in gold and not worthless fiat that have been the status quo for too long. It's the savers that should see rewards for their frugality, and not those that go into debt to impress their lover or friends. If the government wants to confiscate it then there will be more guns out there to meet them. They might want to do their old dirty trick and buy it for $5000 an ounce, and after a set time, they raise the value to $25,000, $50,000, or $100,000. So those that sold it for $5,000 saw their wealth evaporate overnight. The government asking for gold will also be unlikely because supposedly it has the most in the world at Ft. Knox, 8,135 tons, so why are they asking for more? Where did it all go? Why turn it in if you lost over 8 thousand tons? Obviously the government can't be trusted, so the citizens won't turn it in like last time.
@DaBearsManiac
@DaBearsManiac 11 лет назад
"..here's a $50 federal reserve note. Today they have the same purchasing power, who knows what tomorrow holds.." lol Brilliant :)
@mappingstation2818
@mappingstation2818 5 лет назад
Wait you just said that 1piece is =50$,50*15 it's more than 250$
@felixlopez8350
@felixlopez8350 5 лет назад
After seeing this I become more bullish on Bitcoin the king! 👑
@jayb-clay2724
@jayb-clay2724 4 года назад
When u pay that 7 grand a bitcoin what EXACTLY are you buying? Show me your bitcoins
@jayb-clay2724
@jayb-clay2724 4 года назад
I'll put my gold and silver in your hands. Put your bitcoin in mine 🤣
@jayb-clay2724
@jayb-clay2724 4 года назад
Banks have wanted pure cashless systems forever now.. bitcoin is just foolishly helping it along. Same with cards. Just wanna get people used to having nothing money.
@laserbrain7774
@laserbrain7774 4 года назад
Bitcoin is fiat(currency). like the dollar, its not real money. but we need 1 kind of fiat currency. there is enough room in our lives for both fiat and real money. we actually need both.
@yassiamy
@yassiamy 4 года назад
@@laserbrain7774 Yes bitcoin is not real money , but it is worst than the dollar , first of all nobody will accept your Bitcoin unless he agrees on dealing with it , so it is easy to be denied from buying anything with your Bitcoin , second and most important thing is if you want to sell this bitcoin , then you will only dream to have the price of the Internet , i have a friend who wanted to sell some of those in exchange for US dollar and he ended up to lose about 25 % of his bitcoin value according to the imaginary crypto market .
@Sky1
@Sky1 11 лет назад
Careful Peter, you know what happens to people who suggest using anything other then the FED's freshly printed paper IOU's
@ritwingr
@ritwingr 10 лет назад
I'm not a gold bug and probably wouldn't buy gold this way. I think it is a good hedge, but until it falls a bit I'm not a buyer. But all this "Bitcoin is better" BS is ludicrous. Gold DOES have intrinsic value. It's used in electronics and has very desirable electronic properties in fact. You can make a freaking necklace with it at least. I tried making a necklace with bitcoins and guess what? I couldn't. BECAUSE THEY DON'T EXIST IN THE PHYSICAL WORLD!! On a scale of value I'd put bitcoin above fiat currency but below gold. Or silver. Or straw for that matter.
@James-vj5hz
@James-vj5hz 6 лет назад
This comment sure aged like shit.
@pg3762
@pg3762 6 лет назад
Ritwingr Well commented couldn't put the comments better my self 👍 Great day to you
@sriglin1
@sriglin1 2 года назад
Back here in 2022. Peter calling it again with the gas prices 🤣
@shanegibbings554
@shanegibbings554 11 лет назад
Fantastic! What happens when the price of gold changes, how will the shop keeper in your local 7-11 know the current market value of gold? What happens if you need to buy something for $30?
@egrab
@egrab 11 лет назад
Even more questions: what happens if gold returns to its intrinsic value? What is that value anyway? What if people counterfeit these gold combibars?
@Frankdtankspanks
@Frankdtankspanks 11 лет назад
The price of gas changes all the time and they keep track of that don't they? As for a smaller amount of currency, there's always silver, nickel, and copper.
@madtenors
@madtenors 10 лет назад
egrab What happens if people counterfeit Federal Reserve notes? If the clerk takes it for goods, then it has value. If he can give it to someone else for goods, it has value to him too. Counterfeit currency has value to anyone who believes it has value (cough cough cough..... US dollar)
@engle42085
@engle42085 2 года назад
Intrinsic value to a jeweler not anybody else
@samt4273
@samt4273 10 лет назад
Has anyone noticed that his face turns dark red and voice get's higher in pitch when he's lying? When describing Bitcoin to new audiences now, I'll just show them this video as it promotes the idea better than I ever could. Here's a thought. If the USD collapses along with all other fiat currencies in the world then wouldn't one of those "$50 gold square" actually be worth at least $500 or even more. Defeating the entire purpose. Why not buy silver and bronze instead.
@petervansan1054
@petervansan1054 5 лет назад
where is he lying?
@svampebob007
@svampebob007 5 лет назад
why not buy silver and gold instead of copper? I hope to god that nobody is investing in bronze, not unless you are buying it in the metric tones at a time.
@jeddfarley
@jeddfarley 8 лет назад
I laugh at how people are like Bitcoin is better. well when the economy takes a shit and the computers crash that 50g. bar is gonna be worth 10times more.
@Deezmok
@Deezmok 5 лет назад
how do you feel now dumbass
@QuadTap
@QuadTap Год назад
9 years late gold is trading like 15% higher lol
@zelllers
@zelllers 9 лет назад
How even are the breaks?
@alexanderivkin7086
@alexanderivkin7086 3 года назад
And today it's 3300$ , so 1 gramm is 66$ now.
@8TheManWithNoName8
@8TheManWithNoName8 11 лет назад
I love how Peter looks at gold...
@sadikmeah4057
@sadikmeah4057 2 года назад
But you can't buy a banana with gold. Then you will need dollars
@wenaolong
@wenaolong 10 лет назад
I despise the FED, and all it represents. But I despise gold even more. The FED is merely an exacerbation of a problem in human economics, an aggrandizement upon a loophole that wouldn't have existed in the first place were it not for gold and what IT represents. It represents the accumulation of the toil of many, to be concentrated in the hands of the few.
@cptcosmo
@cptcosmo 10 лет назад
Go out and pan some of your own gold. Join a mining club and by the sweat of your own brow you can produce your own gold.
@jitpatel9648
@jitpatel9648 5 лет назад
Trillion dollar bill. Lol. Don't remind me of Zimbabwe
@timl2k11
@timl2k11 11 лет назад
Pretty innovative. I think I'd rather have this than a 1 oz coin that I can't break apart. It gives gold something that paper money has, divisibility.
@QuadTap
@QuadTap Год назад
these never really took off
@Cybernatural
@Cybernatural 11 лет назад
Ill stick with my bitcoin...
@RBusch-gc9tk
@RBusch-gc9tk 10 лет назад
i have both...
@Cybernatural
@Cybernatural 10 лет назад
long t $220 I spent all but the last $10 of it though. I bought almost $900 worth of stuff, although that is not why I like it. I just like how easy it was to use online. I refuse to get a credit card ever again.
@Cybernatural
@Cybernatural 9 лет назад
Dan Quigg You have demonstrated that you have no idea what you are talking about. Bitcoin does have something tangible backing it. It has been a long effort to create something digital that can not be copied. Bitcoin is the invention that pulled this off. The thing that back Bitcoin is called the Blockchain. The moment you mention tulip it shows your ignorance.
@Cybernatural
@Cybernatural 9 лет назад
Dan Quigg You still show a deep lack of understanding. Yes there is nothing that stops people from making their own digital currencies. THis does not have the effect you seem to think though. Currency is not the only use, so it is actually a good thing to have different types for different reasons. It is a general digital asset transfer system. It has been proposed for ticket sales and other such things to prevent scalpers and other illegitimate resale. While others have tried to go straight to the currency route that Bitcoin did, they never hold the same interest because they were not first. This i often why the biggest is called the silver to Bitcoins gold. Being an original holds value of its own. THis is why knock offs do not get the same money that original works do in physical goods. Also, all your analogies work against regular currencies. We can have new nations pop up and print their own monies, but we already know how that works. Bitcoin is not about its value as a digital asset, but its decentralized and public ledger that takes away the banks as the middlemen in transactions. People can transfer their assets to each other as they see fit. It breaks monopolies on currency.
@Cybernatural
@Cybernatural 9 лет назад
Dan Quigg It is actually a tool of the blockchain. The coin is the thing you use to transfer ownership. You can call it a tulip all you want, but so is gold.
@CryptoQuest1
@CryptoQuest1 4 года назад
Nobody can say "gold" like Peter Schiff.
@garoad2
@garoad2 10 лет назад
That sounds like some labor theory of value stuff there, Peter! I think you made a mistake stating "you need to mine this (gold)"-- that prevents it from being counterfeited (just like Bitcoin), but that doesn't give it value automatically. I'm sure you know this but this video didn't make that clear at all.
@michaellilienfeld4137
@michaellilienfeld4137 5 лет назад
Buy bitcoin and gold
@sharperguy
@sharperguy 11 лет назад
"It represents all the value required to mine it" - Labour theory of value?
@gblargg
@gblargg 4 года назад
It's really the other way around: it has enough value that it's worth it to spend nearly that much to mine more.
@Mstrofpup
@Mstrofpup 3 года назад
@@gblargg Buyers need sellers as much as sellers need buyers.
@alfredhitchcock45
@alfredhitchcock45 5 лет назад
So this is basically a paid ad
@itcoinsamerica9222
@itcoinsamerica9222 10 лет назад
Bitcoin can be divided easier.
@alexbell8865
@alexbell8865 5 лет назад
฿itcoins America you doing real good ain’t ya ;)
@rodolac7848
@rodolac7848 3 года назад
That is a happy jew
@wedding_photography
@wedding_photography 10 лет назад
Which store would ever accept this as a payment? Peter never ever answers that question. Yeah, you can put it in your wallet and then what? What if you need to pay $55+tax for something?
@donavon2763
@donavon2763 9 лет назад
Man have been using gold as a medium of exchange for thousands of years. It's just that we are on a fiat currency system that we temporarily don't use gold as a form of wealth exchange. But all currencies will eventually go to zero.
@wedding_photography
@wedding_photography 9 лет назад
Gatling 48 It's funny you wrote so much, and still couldn't answer my question. Man have been using gold as a medium of exchange for thousands of years, and silver, and aluminium, and iron, and pretty rocks. But we don't use any of them as currency anymore. "we temporarily don't use gold as a form of wealth exchange" - LOL, yeah, temporarily, any day now the internet economy will switch to gold. "But all currencies will eventually go to zero" - that's the stupid mantra the gold bugs keep repeating. It's stupid because they only count the currencies that went to zero. They forget that there are around 270 currencies that haven't gone to zero. Aluminium was a rare metal, they used to make jewelry and expensive items out of it. Then we learned how to mine and process its ore efficiently. All those items are worthless now. This can happen to gold. The amount of gold on our planet alone is tremendous. We just need a technology to mine it cheaply. I guess cheap solar energy can make that happen.
@wedding_photography
@wedding_photography 9 лет назад
Dan Quigg I disagree, Dan. Gold is completely dead as a currency. To understand why try to answer my original question - how do you pay $55 + tax with gold in a store? Do you shave off some gold to add up the pennies? Gold is good enough as a store of value, till we learn to mine it more cheaply. Right now the gold price is limited by the energy prices - running the mining machines. As soon as we get cheap energy, it's game over for gold. And cheap energy is coming, be it solar or fusion or something else.
@donavon2763
@donavon2763 9 лет назад
olegkikin I have to say that history is against you. Since the introduction of the first fiat currency by the Chinese, all of them have gone down other than the ones today. There are possibly tens of thousands that went down from the loss of PP. When people living with that finished currency looks for somewhere else to park their economic wealth, they always go for gold. We have seen that happening over and over again. You think that just because we have the Internet, renewable energy and aeroplanes now that people will shun gold as a store of value and medium of exchange? That would be a ridiculous argument. What's happening in today's gold market is that we are short of it. There isn't enough gold to feed the world's demand. I can tell you that the production of gold now can barely feed the demand from US and China combined. Just to put things into better perspective, all the gold ever mined in human history, can fill up only 3 Olympic swimming pools. That'd be the grand total. A boost in our global gold production would be a fabulous thing. We know that there is a finite volume of gold on this planet. Some gauged we already mined out 3/4 of the gold that we have on earth. Hence, improvements towards cheaper mining would be great and will only aid the gold market, not deter it.
@donavon2763
@donavon2763 9 лет назад
olegkikin Take note that in 2015, around 1 tonne of gold ore produces around 5 grams of 24k gold. Even if we use cheap energy to produce the metal, it's not going to make any considerable difference. Gold being a good store of value doesn't necessarily come from the process of which it is mined. There is a store of value in gold due to it's large spectrum of physical properties. Because of those properties, many industries require gold to function. You require gold. People that you see typing on their devices requires gold. Your iPhone, notebook or PC requires gold to function, so you are a consumer of gold. So because there is constant demand for gold from the industries, you know that there will always be buyers of gold. Hence, there will always be value in gold.
@DIZRUPTR
@DIZRUPTR 2 года назад
Boomer Bitcoin
@StefanGruber
@StefanGruber 11 лет назад
How would the gas station owner verify the authenticity of the gold? Is there a quick and cheap way of determining if it's 999 gold or diluted, or not gold at all?
@Frankdtankspanks
@Frankdtankspanks 11 лет назад
The market will find the cheapest way to figure that out. Reputable brands will gain trust over time and those currencies that don't stay ahead of the authenticity game will lose. How do you know that your federal reserve notes are "authentic"?
@samt4273
@samt4273 10 лет назад
Frank Avedo The cost of counterfeiting modern bills is extremely high, often higher than the actual value. Much more cost effiecective to verify the authenticity of larger quantaties of gold such as coins and bars while not so much for small, every day transactions. "The market will find the cheapest way to figure that out." Yeah, like using bitcoin.
@ozertayiz
@ozertayiz 9 лет назад
There are many cheap and effective ways to verify the authenticity of gold. Just ask any goldsmith. From density test to acid test, to more modern conductivity and sonic test devices etc... Plus, silver is better for day to day transactions...
@wedding_photography
@wedding_photography 9 лет назад
Özer Tayiz So now you realize how dumb the whole gold currency thing is. If I have to do a bunch of chemical and physical tests just to pay for a TV or an oil change, I would rather use the dollar.
@Frankdtankspanks
@Frankdtankspanks 9 лет назад
Sam T bitcoin is not something that will last as a legit currency. It's just a virtual beanie baby. They have already tried to do virtual currencies but backed by gold, and got denied by the government because the dollar has a monopoly on currency. That's definitely not that market talking.
@eddym345
@eddym345 10 лет назад
I have a question... what do we use to buy this? also why sell the gold? keep it and be rich but why change it for something that you say will be useless? pls can anyone explain?
@weekendjail1417
@weekendjail1417 5 лет назад
Well you posted this 5 years ago so I won't be long, but it's multifaceted. 1. A very safe protection against inflation of fiat currency 2. Yes, you can sell it for a profit and to get and use the current medium of exchange (fiat banknotes, electronic monies, etc) that exists in your country to buy goods. 3. It's trans-national money that can be physically hidden very easily. 4. This is what most people get hung up on, thinking it's the only reason to purchase precious metals-- but when the paradigm eventually shifts (which it has in the past... how do you think we got on fiat currency to begin with?-- precious metals are going to be the safest bet for a medium of exchange. So go diversify your portfolio.
@puravida5683
@puravida5683 4 года назад
Spot price seems a little excessive! I would rather vacation in Switzerland and buy there. And, also enjoy the beer and chocolate, with my savings!
@joshuabales2643
@joshuabales2643 4 года назад
spot price is spot price, no matter where you go
@_baller
@_baller 4 года назад
Nice does it come in Xanax?
@Ellipsis10
@Ellipsis10 10 лет назад
Peter made this video in March when gold was at $1,600. Gold is now trading in the lower $1,200; that's a 25% loss in purchasing power. Glad I stayed await from this sales pitch
@Ozymandias1
@Ozymandias1 6 лет назад
And it stayed at that range for 4 years, only now it went over $1,300. And Bitcoin, which Peter hates on exploded in those 4 years. When this video was made Bitcoin was nearly $75, now it is over $10,000.
@hodlbtc6933
@hodlbtc6933 6 лет назад
Gold soon for 800 ;)
@nmayor4232
@nmayor4232 5 лет назад
@@hodlbtc6933 and at the Moment gold is still around 1300$ while Bitcoin dropped to under 4000.
@samspacek1638
@samspacek1638 4 года назад
Well Gold is 2000 now, so how do you like them apples?
@Ellipsis10
@Ellipsis10 4 года назад
@@samspacek1638 you serious? it's 2020, where's Hyperinflation?? where's Silver over $100?? Where's the collapse of the dollar? Bottom line is that the "I know it all" Peter Schiff missed the greatest bull market in the history of the DOW...from 6000 points to 29,000 in 10 years. Keep buying gold, maybe it will triple in value over the next 30 years.
@caucasianafrican1435
@caucasianafrican1435 Год назад
Do they still sell this? Is it shipped to your house?
@karakter-sizsiniztv399
@karakter-sizsiniztv399 8 месяцев назад
Yes
@SerChade
@SerChade 11 лет назад
Bitcoin says hello.
@mattlangstraaat3508
@mattlangstraaat3508 6 лет назад
Umbra north Korea has your life savings in its sights... lol. Yep.. it's more worthess then paper
@Zeldaturtles
@Zeldaturtles 6 лет назад
More like goodbye.
@jsmoncrief
@jsmoncrief 4 года назад
Look at those pristine hands. Probably never seen a day of real labor in your life. Not hating though, we love ya Mr Schiff!
@eashonk
@eashonk 10 лет назад
Wow, you invented a kit kat. The problem is that it is not liquid. If I bought that, what could I buy with it? nothing. I'd have to sell it to people or banks for cash and then shop. Ain't nobody gonna take a hunk of gold over a $50 bill. They will think you are full of it. Just like me.
@dalriada842
@dalriada842 10 лет назад
What you say only applies as long as people have confidence in the local fiat currency. If they lose that confidence, due to money printing causing hyperinflation, they will accept any commodity that holds its purchasing power relative to other commodities. I would gladly accept gold in exchange for my labour. I've even read of goods such as washing-up powder being used as an impromptu black market currency! If the dollar ceases to be the global trading currency, that it is today; most of them will return home, causing hyperinflation. The US currently exports most of its inflation to other countries. A country can't live off debt and money printing forever!
@eashonk
@eashonk 10 лет назад
if the economy crashes it is going to be my goat for your chicken, not my gold for your chicken, if nobody cares about cash, nobody's caring about gold
@dalriada842
@dalriada842 10 лет назад
FlintRedstone What if I don't want your goat, but want firewood instead? That introduces the 'moneychangers', taking their cut. Gold has historically been a widely accepted standardised form of exchange. It also conforms to Aristotle's rules for good money, which your goat does not.
@eashonk
@eashonk 10 лет назад
my goat has milk, and meat, your chicken has eggs and meat, gold just sits there, if the economy goes back to the barter system, people like me who know how to raise livestock won't give a crap about your gold, if you want firewood, you better trade your chicken for an axe and get to choppin
@dalriada842
@dalriada842 10 лет назад
FlintRedstone I already have an axe, thanks. The specifics of the trade are incidental here. My point is that thousands of years of human history disprove your argument. Whilst such specific barter trades will always exist, especially in the immediate aftermath of a crash; it won't be long before something with greater utility as money, takes over. There's no need for speculation as to what that will be! If you stick to goats, your fortune will be at the mercy of random disease, and your family will end up a part of a new peasant class!
@Ace1000ks19751982
@Ace1000ks19751982 11 лет назад
Physics doesn't have to do with anything with the transmutation of matter that is chemistry. Elements can be turned into other elements by absorbing neutrons and also by bombarding it with protons. This is how they make nuclear weapons, turning uranium 238 into plutonium 239. Uranium 238 decays to lead 206. Elements can be transmuted that is what alchemy was all about!
@jeffnadeau
@jeffnadeau 11 лет назад
Why this when we have Bitcoin. Each Bitcoin is divisable up to 0.00000001btc and they are impossible to counterfeit. This card can only be divided 51 times and it's dificult to verify the authenticity of that crap.
@innovationhq8230
@innovationhq8230 6 лет назад
Bitcoin will be 100 million percent worthless if the grid does down.
@bigdog4574
@bigdog4574 7 лет назад
Lmao... this guy is a con artist... he tells people to buy gold at the most expansive price for gold... Gold fluctuates from year to year so ROI return on investment is gonna be worthless. Barter economy will not be in effect in our life time.
@coincanada8095
@coincanada8095 11 лет назад
bitcoin makes gold look like a silly chunk of metal->
@xTOXiCGAMiNGz
@xTOXiCGAMiNGz 6 лет назад
coinCanada not anymore
@NeilAC78
@NeilAC78 6 лет назад
4 years ago Bitcoin was a great play but now there are thousands of competing fresh air crypto ponzi schemes out there. Gold looks a much better bet from here.
@xTOXiCGAMiNGz
@xTOXiCGAMiNGz 6 лет назад
NeilAC78 you just got to know when to get in and when to get out
@kuhrd
@kuhrd 11 лет назад
Most people are not looking at gold and other precious metals or commodities as a hedge for bartering but rather as a store of value over the fall of one currency and the rise of the next or as a way to prevent inflationary loss. The idea is to maintain the value of your life's savings for the future whatever it may hold. That being said I totally agree barter of food and other necessities would be far more important in a post-apocalypse scenario. I just highly doubt things will get that bad.
@VinceSamios
@VinceSamios 11 лет назад
Peter this video is hilarious considering your comments on bitcoin. haha - how about some consistency fella.
@anarchic_ramblings
@anarchic_ramblings 10 лет назад
I don't know where those 11 thumbs-up come from, because your comment makes no sense. Where on Earth is this inconsistency you speak of?
@sminkycorp
@sminkycorp 10 лет назад
Consistency? You mean making it simple so you only have to consider 1 thing, rather than 2 non-mutually exclusive things????
@anarchic_ramblings
@anarchic_ramblings 10 лет назад
Yeah, he says that in passing, but that's not exactly the point of this video and his criticism of bitcoin in no way rests on that point anyway. His argument about bitcoin is that whereas gold has 'melt value', which derives from the demand for gold as a beautiful and useful metal (qualities that have proven to have enduring appeal), bitcoin only has 'exchange value', which is far less stable.
@David-sq2en
@David-sq2en 10 лет назад
Alex Jones but money is mostly a scam, i work hard and what i get? some pieces of printed paper. Ah, and god forbids i dare to print some paper my self.
@Mark-eh1gt
@Mark-eh1gt 7 лет назад
Failed Trolls its working out pretty well, thx for aaking
@johnelliot2561
@johnelliot2561 11 лет назад
You guys that throw stones at Peter probably haven't travelled 100 miles from your backyard. Ok so why would some company go through the effort of making this gold bar if there wasn't a market for it? Peter isn't the creator of the bar merely bringing it to your attention. People are loosing faith in the US dollar. They want to store their earned wealth in different ways because the dollar is sinking. I bought gold in 2004 for $275 an ounce relative to the dollar I am up 550 %.
@teller121
@teller121 11 лет назад
Think about this: in the long run, we are all dead. I think three years (at least) of the worst beating a group of stocks has ever taken would be enough for you. This, even though the last few years have been PERFECT (we were told) for gold: endless QE (not any more!), bank seizures in EU, Jap QE for 1.4Tr., Nat'l debt at 17Tr and climbing with big spender Obama back in for 4 more! Guess what...gold/silver tanking while stocks explode for almost 5yrs. 11yr run done. Trend no longer our friend.
@teller121
@teller121 11 лет назад
Do you believe this guy is on his radio show today telling people for the 4,000,000th time that gold stocks present an unprecedented opportunity to "buy low and sell high." He has been calling that one for four years. Makes you wonder how many near worthless mining shares he has pushed out of that hack shop of his while garnering fees that he's probably putting into SPY and UUP. Now he's raking in the bullion premiums to stack on top of brokerage fees. Luv to know where his money is.
@Miller98k
@Miller98k 11 лет назад
The people on here that criticize investing in precious metals obviously don't know "how" to invest in them,or do not understand that precious metals are not only meant as an investment but also as a security in case a drastic event occurs in the future. Furthermore,a precious metal investor would be stupid if he or she invested more then 5-10% of their investments in precious metals. Know what you are doing.
@teller121
@teller121 11 лет назад
Because I can't get passed notion that an agency ("The Federal Reserve Bank") which is not federal, a bank and has no reserve, can take nations out of decades-long-in-coming calamity just by monetary policy; it's just so fundamentally wrong, it's hard to accept. Also, there is the small matter of 17Tr debt and rising interest rate (just in US). HOWEVER, none of this seems to matter and I am thinking HARD about unloading a big % of stash in this recent bounce. I think we're going much lower.
@Kaynos
@Kaynos 11 лет назад
I dont like these bars, they are way too small and easy to lose. I prefer silver in coin form, it's bigger and you cant lose it easily. If the economy collapse and we revert back to gold and silver to buy stuff, silver is going to be the main currency, gold would only be used to buy expensive stuff. I dont see myself carrying these tiny 1g gold ingot in my pocket, i'd be afraid to lose them, however i can carry a tons of 1/10 oz (dime size) silver coin no problem.
@teller121
@teller121 11 лет назад
wish I had gotten some toilet paper when my once proud (large) gld stash was actually profitable at $1800 per ounce. Now I'm sitting on white elephant and would like to unload all of it. Guess what? dealers won't pick up the phone to buy it back. They know deal and knew it when they sold it to me. Wish I had never heard of it. My advice: stay positive on US and don't fight system. My friends have made HUGE profits in stocks and bonds in past 4yrs. I feel like a fool b/c I told them about gld.
@dnwiebe
@dnwiebe 11 лет назад
Yah...those silver rounds from NWTM are mostly a gimmick. I have some of them, and they can't reasonably be separated without a saw (waste of silver) or a special swaging die or something. I clamped one in a vise and knocked it back and forth with a mallet until it broke, but the result was very curled-up, torn, and ugly, and it wasn't clear that each quarter had the same amount of silver. But they are pretty, and for 1oz rounds, they're as good as anything else.
@teller121
@teller121 11 лет назад
It was B.Graham who said that quote, not Keynes. I've said all this before: .25% ffunds rate, QE, Cyprus seizing accounts, Jap cranking up QE and Euro Zone headed there, nat'l debt zooming under more yrs of bernank (yellen to follow,bigger dove than bernank), BUT despite all this over the past 2 yrs, gld has tanked and continues to. The more QE, the more $ that should go to gld goes, instead to STOCKS: just what Bernank wanted. We along for HIS ride. Why fight it and lose more yrs profits?
@teller121
@teller121 11 лет назад
"Silly" CPI or not; the perception is NO inflation even on horizon which is why couple of MAJOR players dumped 100s of tons of gld. Shock effect very similar to when slv approached $50 oz, and then they did a "Hunt Bros" to slv with 5 margin calls in as many days, destroying the confidence of speculators. It has never recovered and won't. Obviously something going on special with stock mkt and cash coming out of gld after decade. Why fight it? 4 yrs of missed profits (and counting) not enough?
@teller121
@teller121 11 лет назад
For gld bugs the "race" is never over. If gld sunk to $75 per oz, they (& U) would call it a buying opportunity, even if Dow was at 35,000 and inflation still at 2%. I love gld but never a "bug". I liked it because it represents honesty, integrity in finance, and this country suffers from a lack of both in areas besides just finance. As an investor once said, I change my mind when the facts change. Gld dead for 2yrs and sinking. Stocks rockin' for 5yrs, no inflation. Facts have changed. Troll?
@teller121
@teller121 11 лет назад
I used to love gold. I now face the reality that the bernank's plan over the past five years has won and gold has been beaten. No other way to see it. 150% turn around in last four years in paper and no inflation cannot be denied...unless you are a drone. Gold headed to $1200 - for starters, and I mean in next couple months folks. WHY ANOTHER BACK-BREAKER this morning? Dunno, but there it is, wiping out, once again, hard-won gains for no particular reason in the most demoralizing way possible.
@summercures2
@summercures2 11 лет назад
You said "Silly questions where the answer should be obvious. A silver quarter can cover subway. Obviously u can't just walk into subway with that silver quarter and buy food." If the answer is obvious, then why didn't you answer the question? At what point will all businesses throughout the nation start accepting gold as currency? Furthermore, how do I know the exact worth of my precious metals and how much I should be able to buy with them?
@brianhayek2853
@brianhayek2853 11 лет назад
Silly questions where the answer should be obvious. A silver quarter can cover subway. Obviously u can't just walk into subway with that silver quarter ( besides maybe in Utah ) and buy food. You can list a roll of silver quarters on ebay and even after 9% ebay 9% paypal you will get spot for them because they have been selling well above spot. You can easily get spot price for gold eagles or maples as well.
@guidc
@guidc 11 лет назад
If anything crazy happens you wont buy a Subway sandwich with gold, but probably you will have some trading places where you can trade a little bar of gold for whatever currency you might have there. I was just a kid in 1992, but I remenber the hyperinflation we had in Brazil, where we had to look everyday in the news paper to see the value of our paper coins, and people where glad it was not like in 1980 where you had to look 2 or 3 times a day. Hyperinflation exists and can happen, believe me.
@ahjus7604
@ahjus7604 Год назад
lmao whos buying copper coins
@summercures2
@summercures2 11 лет назад
How do you spend gold? It's not like I can just walk into the supermarket today and place down a bar of gold in front of the cash register and expect that to pay for my groceries. The cashier will look at me like I'm crazy. On a related note, in case businesses finally do start accepting gold, when will THAT happen? And how would I buy a simple $5.00 Subway sandwhich with a $50 dollar gold chip? How will I get my change back? In paper money? So many unanswered questions regarding metals.
@nudeteawithwoodreaux
@nudeteawithwoodreaux 11 лет назад
talk about how deflation hits gold. its totally insane to think here in america you can just go to a gas station and tear off a piece or 2 of that and expect the attendant to accept that as payment. yeah that bar makes for a nice novelty and creates some nice day dreams, but if you search youtube for mark dice gold coin fun you will understand my exact point. if thats not good enough talk to your family, friends and co-workers about gold and see how many jump on board. they want the cashola!
@viktorrigo7864
@viktorrigo7864 11 лет назад
if you are panicing right now and sell gold and silver along with other short term investors or let`s call them traders you will be loosing long term. the printed money inflate other bubles on the market ( stock, real estate etc..) and some of them will burst this year for sure and all those fiat currecies will inflate the price of real assets. the value of gold is still up compare to japanese yen for example. don`t let the big players tick you...
@Brianw11830
@Brianw11830 11 лет назад
Peter is right but I wonder about govt intervention in the gold market and what that will do to the price. They could reset the price to something lower like they have before but it will still have some value regardless. On the other hand fiat money could go to zero for a complete wipeout. I see gold as a great hedge against collapse. Almosts makes no difference what the actual price of gold. Just buy it
@viktorrigo7864
@viktorrigo7864 11 лет назад
they beating down the price of gold with a huge "paper gold" sell off, and in the other hand the physical market really tight. if you see the gold lost only 20% since the 2011 hight however apple shares 39%. in the next few days the price might rebound $50, but may go down to $1300 in the next few months. i think gold will reach all time high very soon as soon as september of 2013...
@teller121
@teller121 11 лет назад
what IS coming. I see more stock profits. hints of DE-flation. gold headed to 1250, slv to 18; CRUSHING. unless you see end of the world as we know it, I don't see much that would move gold that hasn't already happened (Cyprus, japan, euro mess, QEs forever, central bank buying [supposedly]). How can gold be flat in face of all that...unless the gig is up. I just don't see it anymore.
@teller121
@teller121 11 лет назад
It's the PEOPLE in the Bible that sometimes are temperamental teen-agers, as you put it; not God. Evolution is a theory, taught as fact by God-haters who monopolized, by design decades ago, higher education in order to foist THEIR religion to the world - a religion where man is god. They succeeded. Btw, your saying my logic is horrible, I'm afraid, doesn't make it so. On the other point, I simply said since there is a creator, the Bible has the best , most detailed explanation of such creation.
@MrJabber22
@MrJabber22 11 лет назад
The stock market is only hitting new highs because the Fed and other central banks are printing money like crazy and that's it. The US added 227 000 jobs last month but the participation rate fell and a lot of them were ppl getting a 2nd job. Last month the US only added 88 000 jobs when 193 000 was forecast. The economy is not back. Gold has been dropping because of the money printing and selling but the central banks can only keep it up for so long.
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