Regarding 2:34, Giesecke+Devrient was the German company that printed the infamous hyper inflated banknotes for the Weimar Republic during 1923. Eighty-five years later in 2008, Giesecke+Devrient was the same German company that also printed the infamous hyper inflated $100 Trillion banknotes for Zimbabwe. On September 13, 1968, Giesecke+Devrient patented the invention of incorporating an integrated circuit chip into a plastic credit card. Regarding 6:44, the analogy of gold's purchasing power being a preservation of wealth goes back further than 2,000 years. This was because in ancient Rome, a gentleman's toga cost around an ounce of gold. Today a tailored suit for a gentleman also costs around an ounce of gold. The price of gold rose to to its highest price ever of $2,135.39 per troy ounce on December 3, 2023. However, the Federal Reserve Board still uses its archaic price of gold at an absurdly low of merely $42.22 per troy ounce since February 12, 1973.
I bought a steak at the grocery store a few days ago. it was $19.47/pound. So about $15 for a single steak. just a few years ago i could have got a nice steak dinner in a decent old fashioned family restaurant with sald bar included for around $20.
I’m not a financial advisor and this is not financial advice. First Majestic (AG), Endeavour Silver (EXK) and Fortuna Silver (FSM) can all be bought without paying a broker fee. You can buy as little as 1 share. If silver goes to $30 and gold to $2,300, at their current stock price levels (Jan 26, 2024), these companies will 5x. You will also see significant rises in Sprott Physical Trusts PSLV, CEF and SPPP. If you want to play platinum, there is Anglo American Platinum (ANGPY), paying a 4% dividend. These are not the micro caps losers pumped on RU-vid by Silver Slayer, Silver Dragons, Silver Oceans and Lynette Zang. ANGPY, AG and FSM are billion dollar companies. EXK is a $300 million company. So instead of buying physical silver, gold or platinum, buy shares of AG, ANGPY, CEF, EXK, FSM, PSLV and/or SPPP instead. I’m not being paid to suggest these companies. I do own shares in each.
All of the companies you mention are micro caps with massive risk. How can you compare physical gold and silver to a Ponzi scheme with inherent counter party risk. Bad advice.
