Is gold a good investment—or just a shiny distraction? In this video, I break down the key reasons people buy gold, how it holds …
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Is gold a good investment—or just a shiny distraction? In this video, I break down the key reasons people buy gold, how it holds …
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33 comments
MEANWHILE GOLD IS AT 3700 AN OUNCE
a real 1000g gold bar would be the size of a small smartphone
9.4% of all the gold in the world is in sari threads… that is incredible.
Watching this breakdown on gold really hit me. people always call it a safe haven, but when you look at the numbers, it’s volatile and often underperforms stocks long term. Makes me wonder how many folks are unknowingly locking up their money in something that doesn’t actually secure their future.
Try taking gold over a border in Europe.
Damo some use it as a shelter for disasters. I don’t see how this works in this day and age. You will need to sell if SHF and change into cash. We are on the brink of being a cashless society. So it gets transferred into your bank and flags the government who then proceeds to take it like they have done in the past.
So is it really the answer? Is there an answer for such times?
Great video I bought gold in 1976 because it was all the rage when inflation was 20%. I can tell you that 40 years on I feel much older. I lost interest in buying more as inflation fell. As you say I could have done better elsewhere.
Your great🎉
Gold gold gold. Save your assets in your own countries.
The “friendly countries” you think are friends are not your friends. They are after your money !!!
Always remember how Russian money was stolen. Even Iraqi and Libyan money.
gold is meant as a store of value not income producing, the only time you purchase gold is when you think the government is going to collapse or otherwise inflate the currency
SAS have gold coins in the soles of there boots for a reason
Fucken long ass video stoped after 5 mins
The university of texas bought 1 billion in gold bars… that should say enough. They did end up liquidating some of it but they still have most of it
Clueless not sure about transporting gold,
1 tiny coin is nearly 3k have you seen size of 3k cash , Jesus go abroad take 10k cash max limit that a pile or take 3/4 tiny coins same worth lol
Excellent video. Thank you for your efforts in the analysis and presentation.
You cannot print gold!
The price of gold is a barometer of monetary ineptitude.
Compared to Fiat money, inflation makes gold a good store of wealth.
I think gold will do great while the orange chump is occupying the White House. All this chaos and wars in Eastern Europe and Middle East will make people feel insecure and keep on turning to gold.
No, it isn't a good investment….but it is a damn fine hedge to save your extra cash in so inflation doesn't chip away from your savings over time.
every month for a few years, i would go to the local jewellery store and buy a £100 gold piece and store them in my safe. I stopped after a couple of years and didn't really think of it, to the point i legit forgot i had 20 or so gold pieces in my safe under the bed. A year ago I was doing a massive clear out and obviously found them in the safe. Been watching the gold value go up, not sure if i want to sell them or keep hold.
Until Covid-19, I was holding 30% Bonds and 70% stocks. Then government and central banks fucked us by printing money and devaluating our bonds. In early 2020, I switched to 80% Stock, 5% gold ETF, 5% silver ETF, 10% money market. I'm so glad I did. I'm not funding the government anymore by buying their worthless bonds.
Its the worlds biggest asset class forna reason. At the end of the day bank accounts, bonds and stocks are Digital, gold lets you take wealth into your own possession if you dont trust the system. Cash on the other hand is loosing value fast these days
gold is a bad investment inherently because it doesnt generate cash flow
Your analysis over the 1970s meteoric rise and subsequent lost decades is a bit dishonest. That level of appreciation happened unnaturally as a result of deliberate market manipulation by the Hunt Brothers. They successfully cornered the market on silver and gold shot up alongside it. There are now rules to prevent that sort of manipulation from happening ever again.
Thankyou Damien. I love your videos. You present your various arguments so eloquently and from all angles, as well as being educational even for old codgers like me. Reckon your a top guy !
Interesting that you chose to do your graph from 1985 😏
Because if you go by “all time” data, the stock market returns 8% on average, and gold returns 12% on average per year (pre inflation)
Gold is king, and it will soon be revalued to $40,000+ an oz in order to keep the fiat debt bubble under control.
😎
it is very useful video, tnaks my friedn!
You think that block Infront of you represents a 1kg bar (£80,000'ish) in front of you lol – couldn't take you serious after that. You obviously don't keep physical gold then.
Please talk about SILVER 🙏🙏
Twenty twenty twelve?
Can you pass it on to family without IHT…
Precious metals' main value to me is disaster insurance. Fiat money becomes worthless because of hyperinflation then you can fall back on gold and silver because there will always be a market for them.