My thoughts on why investing in precious metals is a bad idea
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WHAT IS SMART ,BUY IT LOW ,,,SELL IT HIGH ,,WHO DOES THAT ,,LOL
You might be true in case of a Mad Max scenario. However, check history e.g. during times of hyper inflation or war in Germany. My grandma told me you could buy a pig for 10g of gold back in those days. She always used to have a litte bit of gold all her life but also other things that traded well during the war, e.g. curd soap (believe ir or not). Doesn't mean you should put all you money in precious metals. Diversification is the key - real estate, stocks, cash, precious metals.
This guy is as dumb as they come when it comes to valuation. 15 gallons of gas for an ounce of gold when mist of the population is trying to preserve hard earned wealth. Try 1500 barrels of oil.
History books are great and while the walking dead tv show does not mention gold... it's a zombie show, not history. Historically gold and silver are the benchmark
Currencies will always exist. Simply by virtue of the fact that other commodities are too difficult to trade with. Food rots away, precious gems don't have a defined value and furniture takes up too much space. There will always be a need for currency. Since the dawn of humanity gold and silver have fulfilled these roles. Why on earth would it be different this time? What do you think is going to replace fiat currency? Yet another fiat currency? You think humans are so stupid that they can be fooled again after having their entire life savings be reduced to toilet paper? You think people are going to be bartering? Well, that could happen. But it's extremely unpractical. Are you going to be dragging a cart full of dead animals along with you in order to buy something?
Good valid points,water,food and shelter are the three most valuable things to human beings and guns to protect them,that is why surely in makes sense to stock up on these first but a collapse would not last for ever,the system will reboot itself,to be honest no one really knows (apart from a select few) how the system will reboot,no one (again apart from a select few) knows when it will firstly collapse,but the good valid comments were slightly spoiled at the end,investing in rigged markets is a risky business,historically precious metals are always part (at least) of the financial system (apart from a very long time ago)it is only since 1971 that they have not been,look at what has happened in the short time that precious metals have played no part in finance,it does make sense to convert some fiat currency into them but only after the essentials have been looked after first,the financial system is going to change," money" as debt can not mathematically last,hardly anyone knows what it will really change into but my guess is it will be electronic only,will precious metals protect us from that? At the moment I don't know,but I certainly know what won't and on my limited budget I can only try to protect my family (financially,the basics have been taken care of) by investing in precious metals,it should help but we are living in completely unique financial times and if I am going to go down I will go down fighting
Moron, Putz, its a investment. In Venezuela 1 oz. of silver feeds a family of 4 for a month. Gold and Silver is God's money,
so why did you buy it? your thinking Zombie apocalypse or hide in your bunker scenario. gold/silver is an investment like stocks.
Food rots after awhile you'll have to buy it during the depression they worked like slaves and would sit around and say if only I had an ounce of gold I wouldn't have to work and trade after 7 years of an economic collapse you think your going to have anything to trade me for your gold and silver nope the gold and silver isn't traded with the broke the metals since time began were currency because of they are scarse ten cents a day will be you wage but it'll be ten cents of silver not today's alloy dimes
You must not have ever talked to your great grand parents or lived in a 3rd world country lmao
This guy has no ability to think outside the box.
Hello, person who made the video. I guess you really don´t understand economics. In an event were the US Dollar Collapse, it doesn´t mean that we´ll not have currency anymore, it will simply change! A new monetary system will take place to substitute the Dollar and all fiat currencyes around the world. When this happens, the GOLD will have it´s price UP!!! That´s due because the new monetary system will take in account the reserves each Country has to set total monetary power or currency rate. So let´s say you have $100 in the bank, when substitute for the "New Currency", your $100 will be changed to $NC1. But, your GOLD that before you bought with $100 , now it´s value is $10.000, so you´ll get $NC100. GOT IT??
Of course no one would give you gold for gasoline. Fotr this amount of purchase value there is silver, man! It´s a pity that you don´t seem to understand the function of PMs. What will you do when you want food, but the person who has it doesn´t want your gasoline? A stinkin´poisonous and dangerous fluid that evaporates by itself over time... Oh, too bad you didn´t trade with the person who offered you silver (NOT!!! gold) for your gas. The person with the food could have taken the silver and traded it later for something HE could want. Btw most people that buy PMs look ahead and stack stuff for emergencies. In your scenario when power/internet is down and cash is worthless paper PMs are still worth something. To make it simple, it is "stored" work, because it had to be found / mined / refined to get it in this pure and easy recognisable form. It´s just as simple as that. PLEASE inform yourself, obviously you have internet, make some good use of it!
Venezuela's currency collapsed and look what PMs get you down there.
A currency collapse is not a power grid failure.
Promise you won't take this video down in next 3 - 5 years.
medium of exchange idiot! United States used it and the dollar was backed by it. you need to read a little bit of history, pendejo!
Research hyperinflation.
1000 gallons of gas?body you would need a semitruck park in your hose.same amount of value in gold will fit in your pocket..gold and silver have and all ways be real money..good luck with your fiat money soon to be worth zero
Gold is a form of savings, that's all it is ! , Not an investment , its to Manipulated to deem it an investment ..
Hey if you don't want it, I'll buy all of it at spot. I Know It real money is