If You Invest in Gold, You're Dumb as F

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2 is 1

2 is 1

Күн бұрын

If you invest in gold, you're dumb? Mark Cuban seems to think so, saying "You know what, if you have gold you're dumb as f**k." The clip is from a recent 'Club Random with Bill Maher' and dives into the billionaire's views on Bitcoin in comparison to gold. Cuban says that gold (ETF) ownership would disappear if things went to hell and if you had a physical gold bar, someone would just take it from you any way. What do you think? I'll tell you where I stand.
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Пікірлер: 1 200
@GreenspudTrades
@GreenspudTrades Жыл бұрын
You don't buy gold with the intention of getting rich, you buying with the intention of not becoming poor.
@Thoth19
@Thoth19 Жыл бұрын
Spoken like a true POOR person! RICH BUY GOLD!!! RICH OWN MOST OF THE GOLD!!!
@HappyBuddhaBoyd
@HappyBuddhaBoyd Жыл бұрын
@@Thoth19 ...and most of us are poor. Anything less than a million dollar net worth is poor. My net worth is still in the negative numbers.
@thetourminator
@thetourminator Жыл бұрын
VERY well stated.
@Steven._..
@Steven._.. Жыл бұрын
​@@HappyBuddhaBoyd skill issue
@tertiaryobjective
@tertiaryobjective Жыл бұрын
Well said.
@ultramagapurebloodpride8294
@ultramagapurebloodpride8294 Жыл бұрын
I still don't trust Cuban. Calling me stupid for stacking gold while he himself stacks gold is very telling.
@edb3877
@edb3877 Жыл бұрын
So is the stacking of a nebulous "asset" that has lost over 2/3 of its value over the past couple of years.
@toucansam4587
@toucansam4587 Жыл бұрын
He does not stack gold. Lol.
@KeepItReal33
@KeepItReal33 Жыл бұрын
@@edb3877 , The price of gold (spot) for a Troy ounce in 2003 was about $275…..
@edb3877
@edb3877 Жыл бұрын
@@KeepItReal33 Yes, I remember that. I just wish that I had: 1) some spare cash back then; and 2) an interest in metals. Back then, I was nearing retirement and was mostly concerned with managing my 401K plan and rolling it into an IRA, when the time came. On 10/1/2004, it did. 🙂
@ultramagapurebloodpride8294
@ultramagapurebloodpride8294 Жыл бұрын
@@KeepItReal33 and if you were stacking gold then like me, that same gold in your stack is now sell for substantially more. Sure, I'd love to pay the pasts price now but then I wouldn't be getting back the returns I'm getting now.
@calebdoner
@calebdoner Жыл бұрын
Gold is an alternative currency that doesn't depend on the existence of any particular government to be worth anything.
@LukionSmith
@LukionSmith Жыл бұрын
👍🏼👍🏼
@MetalBum
@MetalBum Жыл бұрын
Truly decentralized money.
@dennispatterson4998
@dennispatterson4998 Жыл бұрын
Gold is money- not currency.
@DragonballZTime
@DragonballZTime Жыл бұрын
Like bitcoin?
@victoriaoshea4865
@victoriaoshea4865 Жыл бұрын
THAT'S GOOD ENOUGH FOR ME!😅
@quokkapirquish6825
@quokkapirquish6825 Жыл бұрын
The banking liquidity crisis in 2008 made me panic into holding gold - I bought $60,000 of it then. Happy to report that 15 years later, it is worth $150,000. Thank you, banking crisis
@2is1gold
@2is1gold Жыл бұрын
😄🤜🤛
@iitchovereverything6020
@iitchovereverything6020 Жыл бұрын
So you really didn’t make money. You just kept up with inflation.
@quokkapirquish6825
@quokkapirquish6825 Жыл бұрын
@@iitchovereverything6020 No, inflation in most of that period was 1%
@redbrixanimations
@redbrixanimations Жыл бұрын
Smooth moves my man
@redbrixanimations
@redbrixanimations Жыл бұрын
@@iitchovereverything6020inflation didn’t make money worth three times less in the span of 15 years 😂
@marcusmoonstein242
@marcusmoonstein242 Жыл бұрын
I own physical gold, a real estate portfolio and a stock portfolio. Over the last year my gold has gone up more in value than my real estate or my stocks. (I don't live in the USA, I understand things are different there). NEVER listen to anyone who says one asset class is the be-all and end-all of investing. Gold and silver should be seen as part of a well-balanced wealth portfolio, nothing more.
@zeke5491
@zeke5491 Жыл бұрын
Gold hasn’t moved in 4 years,nothing but hype
@francescobelletta
@francescobelletta Жыл бұрын
@@zeke5491 This is because gold is a long-term investment. In truth, it can almost be said that it is not an investment: it is, rather, a way of conserving wealth without being tied to a state or a government. Gold will always have value, as long as the Earth exists.
@zeke5491
@zeke5491 Жыл бұрын
@@francescobelletta in the past, people watched gold double in value many times. It’s being manipulated.
@juddgranger7457
@juddgranger7457 Жыл бұрын
Bit coin isnt even an asset, it is a gamble that could become value less over night for no reason. Pop like a bubble
@goldeneye70
@goldeneye70 3 ай бұрын
I would bet my entire net worth that Mark Cuban probably has well over 5,000 troy ounces of gold if he has as much money as they say he has, but again I don't understand why anyone cares about Mark Cuban.
@accordio321
@accordio321 Жыл бұрын
It’s not an investment, it’s an insurance policy!
@edb3877
@edb3877 Жыл бұрын
It's many things and we all have our favorite aspects of it. Best of all, it is a personal choice to put part of our financial assets in our own hands and out of the hands of a crumbling financial "system".
@stevenmeansphotography3861
@stevenmeansphotography3861 Жыл бұрын
It’s both
@AlexPerazaTV
@AlexPerazaTV Жыл бұрын
It’s a savings account
@Kane6676
@Kane6676 Жыл бұрын
No it’s not
@Kane6676
@Kane6676 Жыл бұрын
@@AlexPerazaTV a savings account hat loses value? Can you imagine a bank offering “ savings “ accounts where your returns were as erratic as silver ? Lol , it’s a nice slogan you got there but it’s non sense
@66block84
@66block84 Жыл бұрын
I only wish I had started buying gold much earlier as a store of value.
@Constitution1789
@Constitution1789 Жыл бұрын
You don't know how right you are. I've been buying gold since around 2000 when it was only $200 something. I envy those who've been buying gold long way before that.
@toucansam4587
@toucansam4587 Жыл бұрын
I wish i started buying BITCOIN much earlier as a store of value.
@Constitution1789
@Constitution1789 Жыл бұрын
@@toucansam4587 Bitcoin started in 2009. Not much history, so hard to predict its volatility. Gold, on the other hand, has been consistent and relevant for a long, long time. Having said that, it's not too late for you to buy more Bitcoin. I won't buy any, but I hear speculators say it'll go up to $150,000 this year.
@toucansam4587
@toucansam4587 Жыл бұрын
@@Constitution1789 i got in around $1000, not really trying to time tops/bottoms.
@Constitution1789
@Constitution1789 Жыл бұрын
@@toucansam4587 I couldn't care less whether someone buys Bitcoin. Gold and Bitcoin are arguably better than fiat. The more competition, the better.
@theviperman1947
@theviperman1947 Жыл бұрын
Mark Cuban is a fan of WEF for sure. He probably can't wait for us to own nothing and be happy.
@robsimmons10
@robsimmons10 Жыл бұрын
...und eet ze bugz.
@ShyMplsMale
@ShyMplsMale Жыл бұрын
Gold and silver have been around for thousands of years. If and when everything goes downhill, gold and silver (and other precious metals) will still be sought after.
@2is1gold
@2is1gold Жыл бұрын
🤜🤛
@Dato0011
@Dato0011 Жыл бұрын
that's what I think as well. I'm modestly stacking up on gold and silver. if shit hits the fan or WW3 starts, will be able to find someone who will gladly exchange a piece of land I would be able to live off for my metals. it's as real as money can get. I also own BTC
@ShyMplsMale
@ShyMplsMale Жыл бұрын
@@Dato0011 You're all set 😀
@Heritagepostfarms
@Heritagepostfarms Жыл бұрын
​@@Dato0011 if SHTF i would never in a million years give up valuable land for a metal that brings me no value.
@Dato0011
@Dato0011 Жыл бұрын
@@Heritagepostfarms You might not, but I live in a scarcely populated small country. People will find better use of gold than a land they can't even work on
@squishyplums2415
@squishyplums2415 Жыл бұрын
Mark Cuban is telling people to not buy gold so Cuban can buy more gold.
@2is1gold
@2is1gold Жыл бұрын
Ha!
@victoriaoshea4865
@victoriaoshea4865 Жыл бұрын
That is the exact feeling I get! ✅️
@johnd1727
@johnd1727 Жыл бұрын
If I was a billionaire.... I would buy farmland. I would buy and live on a Superyacht in a gated marina. I would buy large amounts of physical gold - for insurance should the collapse of the US dollar continue. I would periodically short gold to cover my physical gold - for insurance against the government confiscation of gold (Google 1934 GoldReserveAct)) Rinse and possibly repeat every 5 years depending on the economic outlook/opportunities for maintaining/increasing my wealth. Lecture the sheeple on the stupidity of owning gold using any media outlet that will pay me a fee to do so. 😁
@shoppingbag6973
@shoppingbag6973 Жыл бұрын
My thought exactly
@globalismoblackman
@globalismoblackman Жыл бұрын
Correct lol
@lanaaa6213
@lanaaa6213 11 ай бұрын
You know it's a good time to buy gold when a billionaire is telling you to not buy gold, lol.
@HagarTheHODLer
@HagarTheHODLer Жыл бұрын
Mark Cuban has always been a D-bag. He’s just angry because he’s lost a lot of money in crypto. 😂
@byteme0000
@byteme0000 Жыл бұрын
You nailed it.
@pommygeezer9309
@pommygeezer9309 Жыл бұрын
Lol.. on point!
@ecself1262
@ecself1262 Жыл бұрын
You only lose if you sell.
@arnoldbioursckii6639
@arnoldbioursckii6639 Жыл бұрын
Does he have a real name?
@song2001september
@song2001september Жыл бұрын
He should have bought Doge at 0.002
@adam.tinsley
@adam.tinsley Жыл бұрын
Most of the people I know who own physical gold and silver also own lots of lead, if you know what I mean. They aren’t the sort you want to try to be taking things from.
@2is1gold
@2is1gold Жыл бұрын
Right. Cuban has a pretty weak argument there.
@robinmiller871
@robinmiller871 Жыл бұрын
Yes sir!!! F around and find out!
@willlarrea7939
@willlarrea7939 Жыл бұрын
When I decided to start stacking in PM I made a goal to start stacking on the one metal that is most precious of all "Lead" you just can't stack so much wealth without being able to protect your hard earned investments. So if Mr Cuban think that we stacker are a bunch of idiots who we would be willingly let ourselves take our wealth just like that.....well Mr Cuban is the idiot!
@Rascal77s
@Rascal77s Жыл бұрын
Got that right. Heavily invested in lead.
@M3LTUP
@M3LTUP Жыл бұрын
The key word here is "invest". Gold and Silver are Money. You do not invest in those. You preserve wealth when you buy those.
@2is1gold
@2is1gold Жыл бұрын
Agreed!
@glenh4971
@glenh4971 Жыл бұрын
I have been Dumb as F--k for a long time. It's not for everyone.
@2is1gold
@2is1gold Жыл бұрын
It takes persistence! 😄
@williamrice4608
@williamrice4608 Жыл бұрын
Yep, me too along with central banks and the governments of many countries.
@silbershark3969
@silbershark3969 Жыл бұрын
me too
@theenglishprofessor8411
@theenglishprofessor8411 Жыл бұрын
😂
@480Grains
@480Grains Жыл бұрын
Best comment!
@mdavid2100
@mdavid2100 Жыл бұрын
Hearing bits and pieces of this conversation over the past few days just reminds me of why I don't watch TV. For the two discussing the matter, I don't care what they think.
@helenbrooks4787
@helenbrooks4787 Жыл бұрын
I haven't watched tv for 20 years, I got tired of all the lies, and portraying good as bad,and bad as good.
@chris2790
@chris2790 Жыл бұрын
I wish I had bought a lot of gold when I first started working in the early 2000s.
@markbowdoin1671
@markbowdoin1671 Жыл бұрын
In the early 2000s gold was $300-500 😊
@billygraves1769
@billygraves1769 Жыл бұрын
Diversification is my goal. As a new stacker, my purchases of physical metals was to protect the cash I had sitting in the bank. That money was doing nothing but losing value. I have made a profit on my gold, but have no intention to sell at this time. I am waiting for the next low to buy again. I am not sold on bitcoin at this moment. Being able to hold what is mine, brings a peace for the days ahead.
@2is1gold
@2is1gold Жыл бұрын
Nice!
@Wablestomp2
@Wablestomp2 Жыл бұрын
You can hold Bitcoin just like gold. It’s just secured with mathematics and cryptography as opposed to my safe. Same concept though. Infinitely divisible and more liquid as well. However, it is more volatile.
@joerogaine3093
@joerogaine3093 Жыл бұрын
@@Wablestomp2 I like Crypto and started watching Bitcoin when it was around $100. But I think it's only a matter of time before the US bans it. The world is run by a bunch of gangsters that will cancel anything that affects their bottom line. I prefer precious metals now since it can't be cancelled and will always have value.
@Wablestomp2
@Wablestomp2 Жыл бұрын
@@joerogaine3093 US banned private ownership of gold for a period of time, but it still has served its purpose as a soverign form of wealth. just don't go blabbing about your holdings, bury your gold (digital or physical) and you'll be straight. With general purpose programmability of distributed ledger tech it will also enable a lot of financial innovation that will be adopted by modern economies over the coming decades so banning 100% isn't really an option if a country wants to remain relevant. Like trying to ban the internet. wont work
@joerogaine3093
@joerogaine3093 Жыл бұрын
@@Wablestomp2 After the covid lockdown bullsh*t we should all realize the government knows it can do whatever the f*** it wants and nothing is off the table.
@Frd4Lf
@Frd4Lf Жыл бұрын
Bitcoin went from 69k to 18k. Bitcoin is fools gold. Nothing will replace gold and gold value will always go up in the long run.
@2is1gold
@2is1gold Жыл бұрын
Yeah, it's had a rough year for sure.
@mikeg2491
@mikeg2491 Жыл бұрын
It also went from 20k to 3k, to 69k too. I wouldn’t count it out yet, any anti-debt instrument will be coveted in the years to come IMO.
@toucansam4587
@toucansam4587 Жыл бұрын
You do understand that is irrelevant right, its 10 year growth rate compounded is almost 200%. What's gold's growth rate? Oh ya, less than 2%.
@mikeg2491
@mikeg2491 Жыл бұрын
@@Frd4Lf imo gold is for maintaining wealth, use bitcoin to make wealth. I made money in crypto, now been turning my bank account into physical silver slowly.
@Frd4Lf
@Frd4Lf Жыл бұрын
@@mikeg2491 so you think it's a great investment to buy bitcoin today at 17k rather than physical gold?
@legendaryvapes8849
@legendaryvapes8849 Жыл бұрын
I guess I'll be "dumb AF". 😂😂
@TrashTube-rt9jw
@TrashTube-rt9jw Жыл бұрын
The first thing I thought when I started collecting precious metal is that I wouldn’t want other people to buy it. Duh ! :)
@georgeschlereth4974
@georgeschlereth4974 Жыл бұрын
History repeats itself gold and silver always win
@kitkat47chrysalis95
@kitkat47chrysalis95 Жыл бұрын
but historically silver was used to purify water for drinking and we lived in a really dirty society so something that was fundamentally clean like silver was sought after, but nowadays silver is not as effective as other cheap and common chemicals, so the intrinsic beneift of sanitation and purity that silver has provided to society for thousands of years is now obsolete, today its just a metal like stainless steel or brass, and its not very useful for anything solar panels can be made with copper, and the silver quantity in technology is microscopic compared to the historical demand per capita
@B29p
@B29p Жыл бұрын
Just because he's billionaire doesn't me he's not a jackass.
@2is1gold
@2is1gold Жыл бұрын
😅
@deltalima6703
@deltalima6703 Жыл бұрын
You dont get billions by earning it. Even millions means you took advantage of some "sucker", even if its just your grandpa or the children that made your shoes..
@koltoncrane3099
@koltoncrane3099 Жыл бұрын
Delta Ya I’d say today most rich people took advantage of others or benefited from things not of their doing like super cheap money for decades. If someone started buying property in the 70s he benefited from all the inflation. And if you’re black and did crack and Reagan threw you in jail after the CIA sold you some stuff when millions got out of jail houses were way higher cause of inflation but then after 1982 we had 40 years of ever lower interest rates that continually inflate assets. It’s crazy how people think they’re smart like the past decade most made money buying an etf of stocks. The suckers in this case was social security that was forced to buy government bonds that yielded low thanks to the federal reserve buying them and keeping fed funds rate super low. But I think some rich people make a ton of money through real innovation but ya most often there’s other things that make people rich. Like Steve Jobs is a good story being run out of his own company he started and then going back to turn it around. A few people may earn it. If great leadership can save a company then in some way maybe they earn more then most.
@B29p
@B29p Жыл бұрын
@@koltoncrane3099 2023 is going to be the best year of your life! 👊
@deltalima6703
@deltalima6703 Жыл бұрын
@kolton crane I really liked your comment, it showed you really thought about and understood what I said. I dont know if you deleted it or why its not here.
@outlaw451
@outlaw451 Жыл бұрын
I hate when people try to use the argument of: well, someone can rob you, and its not you gold anymore.
@timrachow-ey9mt
@timrachow-ey9mt Жыл бұрын
Yes, and the government has been stealing the citizens money for over 100 years through inflation.
@stanglidewell8915
@stanglidewell8915 Жыл бұрын
Purchase a good safe and some guns
@PapaJoe224
@PapaJoe224 Жыл бұрын
the FIRST person/entity you must worry about "robbing" you is the government!
@sandracrandall4561
@sandracrandall4561 Жыл бұрын
Opinions opinions...history, facts & results matter. I "found" an 1881 gold $5 liberty head coin on our up north property 4 yrs ago. It was an old logging station area back in it's day. Don't think I'll ever find a crypto coin anytime soon. Gold is real...$600 real👍
@2is1gold
@2is1gold Жыл бұрын
Nice!
@brictator
@brictator Жыл бұрын
those are the best US gold ever
@jaimhaas5170
@jaimhaas5170 Жыл бұрын
I love this comment...in fact I would even add you won't find a crypto coin but you can easily lose 600 in real cash you spent buying it.
@trentme09
@trentme09 Жыл бұрын
My favorite part was when Mark said bitcoin was finite and cannot be increased, whereas gold is not finite and they can mine it forever
@deltalima6703
@deltalima6703 Жыл бұрын
He is not wrong, billions of tons of gold in the galaxy, but bitcoin could disappear completely. Rofl.
@edb3877
@edb3877 Жыл бұрын
@@deltalima6703 Billions of tons? LOL! Probably closer to quadrillions of tons. But then, there are some obstacles in going out there and getting it. 😉
@deltalima6703
@deltalima6703 Жыл бұрын
True story, you arent getting any of it for $1800 / oz so it does not even matter. :)
@lesterchua2677
@lesterchua2677 Жыл бұрын
I am sure Mark Cuban has a LOT of credibility with the people who followed his advice on purchasing the tulips… I mean cryptos. 😂
@alicewonderland1060
@alicewonderland1060 7 ай бұрын
Bitcoin is up 70% from this post 10 months ago Gold is up 60% in the last 5 years 😂
@Mike-dd8bd
@Mike-dd8bd Жыл бұрын
I think one of the facts people forget is how long gold has been around in value form. Its hard to believe bitcoin which has been around for little more than a decade suddenly makes something that has been around for thousands of years worthless/stupid to own.
@2is1gold
@2is1gold Жыл бұрын
Agreed!
@desmondchin3345
@desmondchin3345 Жыл бұрын
A wooden ships which have been around for thousand years is better than newly innovated steel ship? Purely looking at the duration to make judgement is narrow minded. New innovation always replace old technology - as it's how human civilization progress over time. And now it's happening on money.
@deltalima6703
@deltalima6703 Жыл бұрын
A lot of fiberglass stuff around now. Nothing is as beautiful as a wooden ship though, probably why there are lots around. Or maybe its cause they dont rust. Like a steel ship does. Gold doesnt rust either.
@edb3877
@edb3877 Жыл бұрын
@@desmondchin3345 "And now it's happening on money." Yes, it is, and it is likely to be an epic financial cluster-f**k as well as the greatest threat to liberty and privacy ever.
@bertiesworld
@bertiesworld Жыл бұрын
Bitcoin is only as valuable as people will pay for it to be. In truth, its nothing more than vapourware. Gold is solid and very difficult to evaporate. But you cannot beat having a diverse portfolio. True, a fair proportion of my shares are down but my Gold well, the lot I bought in 2019 is getting close to doubling in price. Happy days are here. The big problem, do I sell or hold it?
@yogrannyloveme124
@yogrannyloveme124 Жыл бұрын
Gold is good only if you own it, not a paper that saids you own gold.
@edb3877
@edb3877 Жыл бұрын
Right! The difference is similar to having a delicious dinner set in front of us when we are hungry vs. being given a picture of that same dinner instead of real food.
@gregjohnson5175
@gregjohnson5175 Жыл бұрын
My takeaway is Cuban can’t handle his booze.
@2is1gold
@2is1gold Жыл бұрын
😅
@jaimhaas5170
@jaimhaas5170 Жыл бұрын
He actually only had one maybe two during that hour. He says he only does beer and rarely in excess.
@herculesrockefeller8784
@herculesrockefeller8784 Жыл бұрын
There has been too many times in history where the currency has been inflated to the point that a single ounce of gold will buy a house. Is there really any reason to not have at least a handful of gold and silver?
@2is1gold
@2is1gold Жыл бұрын
🤜🤛
@AnxiousStacker
@AnxiousStacker Жыл бұрын
Damn right! I think that's the only reason I'll be getting rid of mine, Lord willing I don't need it for an emergency.
@edb3877
@edb3877 Жыл бұрын
"Is there really any reason to not have at least a handful of gold and silver?" The only reason that occurs to me is if someone is just barely scraping by and simply cannot stack. Other than that, no, no reason, other than being oblivious to the condition of the US and world economies and the extremely poor way in which fiat currencies tend to be managed by the governments that (over)print them.
@doogcat
@doogcat Жыл бұрын
Gold is a insurance policy for me I’m preparing for something that could possibly go left in terms of this economy
@ds5651
@ds5651 Жыл бұрын
Exactly. I hope I don't get rich on my gold. If I do the dollar is gone. Insurance
@doogcat
@doogcat Жыл бұрын
@@ds5651 i agree whole heartly
@edb3877
@edb3877 Жыл бұрын
@@ds5651 After having lost about 99% of its value since the fed was hatched in 1913, I'd have to say that the US$, as well as all other fiat currencies, is well along the path to oblivion. All currencies except gold and silver have verifiable life cycles. Over 4,000 fiat currencies have already been created, used, and died. I can't see much more that is needed in the way of proof that fiat currencies are anything but a government scam perpetrated upon We the People. OK, so how is it that the US$ has lost 99% of its value? Here's one way to look at it: In 1913, a US $20 bank note and a US gold double eagle coin were identical in buying power and could be swapped one for the other in any bank in the land and in most stores as well. Today, that 1913 double eagle costs $2,000 or more to buy if it's not something special to collectors. If it is, then it could have more collector value than it has gold value. But back to the gold and a bit of math: $20 / $2000 x 100 = 1. This is the remaining percentage of the buying power of a US$ today vs what it was 109 years ago. I am not remotely suggesting that we all have to wait for 100+ years before our gold becomes really valuable. It's already valuable and will become more so quite steadily over time. Meanwhile, fiat debt paper will continue to be eroded in buying power via the usual suspects: over-printing and government-fueled over-spending that creates excessive inflation. It's instructive to look at some old charts of inflation vs. time in the 19th century vs. the 20th century. Inflation was practically nil under a gold money standard but not under a debt-based currency standard that supposedly has an inflation target of 2% a year but which in reality actually has a true inflation rate of 3-4 times that. The people in the world as not fools, much as many governments would like us to be. This is one of the reasons why de-dollarization is occurring and those who work and sell goods want something more substantial than a declining in value debt-based fiat paper slip as payment for their work.
@steveknight9187
@steveknight9187 Жыл бұрын
I own gold and Bitcoin. Each has a purpose and they are only somewhat similar
@2is1gold
@2is1gold Жыл бұрын
🤜🤛
@InappropriateShorts
@InappropriateShorts Жыл бұрын
This is like the first sound comment on this video 😂 All the goldbug boomers can’t understand the fancy emuni so they put it down. Makes for good meme material none the less. They could do like 2in1 & buy gold with crypto profits instead of just complaining about new ideas
@dannyboyle6731
@dannyboyle6731 Жыл бұрын
If Mark Cuban has 10 billion dollars and I have 10 thousand dollars and the value of the dollar goes to zero, who has more money? 😁
@gandres_07
@gandres_07 Жыл бұрын
He has real estate, other precious metals, investments, etc ….no comparison.
@Vandicoup
@Vandicoup Жыл бұрын
@@gandres_07 Plenty of comparison. None of that matters if/when SHTF other than the precious metals you mentioned. Thanks for further proving their point, genius.
@TheQuickSilver101
@TheQuickSilver101 Жыл бұрын
Gold is an insurance policy, at least it is for me. You can invest with gold if you get involved with miners but I view investments as something that is specifically designed to make me money and that's just not why I own gold. Thanks for the rational perspective!
@2is1gold
@2is1gold Жыл бұрын
🤜🤛
@MrBlue-dm5li
@MrBlue-dm5li Жыл бұрын
Two years ago I had zero savings, today i have 30 grand. That’s real stupid!
@2is1gold
@2is1gold Жыл бұрын
Nailed it!
@ds5651
@ds5651 Жыл бұрын
Mix in some real estate and index funds. Great job
@sandracrandall4561
@sandracrandall4561 Жыл бұрын
Great job👍🍸
@MrBlue-dm5li
@MrBlue-dm5li Жыл бұрын
Working on it😉
@MrBlue-dm5li
@MrBlue-dm5li Жыл бұрын
@@sandracrandall4561 Thanks🍻
@skyhighstax
@skyhighstax Жыл бұрын
I don’t need to be rich, just need not be poor
@IncahootswithChrist
@IncahootswithChrist Жыл бұрын
I don't consider gold as an investment; rather, it is simply better than cash. I maintain a certain amount of cash at all times, but if I have more cash than needed, I convert it to gold and other metals. Cash is useful to a degree but over time loses value. Precious metals are simply one asset that I retain and, if I'm being honest, like holding and looking at. Does that mean that I'm dumb? To some people, sure.
@2is1gold
@2is1gold Жыл бұрын
Like a dolphin telling a hare he’s dumb to worry about a fox.
@edb3877
@edb3877 Жыл бұрын
One aspect of intelligence is to not care what others may think of our own well-thought-out ideas. This is a personal choice and the other side of this coin is living with the results of our choices. I am confident that I can do so because I am well diversified. Those silly enough to go "all in" with any investment are betting on a single horse in a race instead of betting on multiple horses.
@doocies
@doocies Жыл бұрын
Cuban sayin someone is going to steal your gold or rob you of it making it worthless shows where he stands. Most people who stack are also very well armed
@djdnauk1977
@djdnauk1977 9 ай бұрын
This is kinda funny from someone who literally got ripped off investing in crypto scams and doesn't seem to understand Bitcoin and it's benefits either
@Johnsmith46392
@Johnsmith46392 Жыл бұрын
Gold is a store of value. Nobody gets rich from owning it. I keep 10% of my net worth in highly liquid assets. Of that 10%, 7% is gold. Why? Because over decades gold will keep its value where as cash will depreciate. Probably by 20% or more. Why need keep all 10% in gold? Because it fluctuates also and I don’t want to be forced to sell if I don’t have to. 3% cash gives me a nice buffer.
@livinthedream7714
@livinthedream7714 Жыл бұрын
At least Cuban's buddy Mr Wonderful had the courage to admit he lost big time with FTX.. . I give him that. .. Good shit, as usual
@2is1gold
@2is1gold Жыл бұрын
O'Leary might have more apologizing to do yet.
@howlsatdesertmoon9840
@howlsatdesertmoon9840 Жыл бұрын
Mark Cuban on Bill Maher's Club Random was recorded before the collapse of FTX.
@edb3877
@edb3877 Жыл бұрын
@@howlsatdesertmoon9840 And yet, the collapse of a major smoke-and-mirrors-currency site is not unexpected. I usually refer to such things as "having the Mt. Gox experience". I suppose that this will be updated to be "having the FTX experience"? But, I do wonder what those who bought BTC in the $60,000s area and then had to sell it under $20,000 have to say about who's a DF? As to gold, I am either well above water or treading water on every ounce I own. While in this position, I still have a very valuable asset with a LONG history of serving its owners extremely well. Furthermore, holding an asset like this puts my financial future in my own hands and not in the hands of those already proven to be financially incompetent. Again, so who's the DF in all this? lol
@edb3877
@edb3877 Жыл бұрын
@Renee Lynch And yet, 5,000 years of financial history argues against this happening. There is ALWAYS something of value that people desire and that they use to facilitate trade. As it has been, so shall it be. Only the form of what is used to facilitate trade changes.
@abitoffcenter
@abitoffcenter Жыл бұрын
Central banks have been buying gold and developing their own electronic currencies. That fact alone tells you that gold is a store of wealth and that bitcoin is speculative, not a store of wealth.
@steves7803
@steves7803 Жыл бұрын
Why would someone steal my gold if it’s worthless? 🤔 Seems like a waste for a thief.
@silver-en7kl
@silver-en7kl Жыл бұрын
Cubin says someone will not just steal our gold but they’ll beat us up for it. Does seem odd that anyone would harm us and potentially themselves in order to steal something with no value. Lol. Clowns like Cubin have lots of gold in their personal vaults, 100%.
@DR-oy9wc
@DR-oy9wc Жыл бұрын
Another solid reason to have a gun. It's a protection for the hedge you are protecting lol
@633ohioc
@633ohioc Жыл бұрын
Great point. 👍
@silver-en7kl
@silver-en7kl Жыл бұрын
@@777trader8 every time someone says gold is going to drop in value I get ready to buy some and then it goes up instead of dropping. I’m guessing you’re not really connected to the central banks or any of the BRICS nations who are stacking gold like never before? Or maybe you’re just not aware the USA dollar is collapsing right before our eyes and being dismissed by 90% of the world as I type this…..either way, I keep hoping guys like you will finally be correct in your gold evaluations, but you are not…..ever even close. Maybe you’re looking at the values of gold and silver as they will play out in a max max type of collapse, which is where I believe we are heading. But even so, history has continually proved gold and silver become the most trusted and sought after medium of exchange, so I’m pretty sure you’re going to be one of those people that says gold and silver have no value as you proceed to hit me over the head to take mine. Lol.
@silver-en7kl
@silver-en7kl Жыл бұрын
@@777trader8 nothing is free, not even for a thief.
@cantalupo79
@cantalupo79 Жыл бұрын
,These videos are like being on an EMOTIONAL ROLLERCOASTER. For me I don’t care what Bitcoin does in price. I make a lot more money from it because i am a trader, i trade not just hold and wait for the price to skyrocket, not anymore you have to trade your assets to make more profits. That's the stuff that gives me a lot higher and safer return on investment. Bitcoin and the crypto market gives you the luxury to make money when price goes up or down. I don't watch the media but the news that you present gives me just enough to know what's going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, Though I have made over 16 BTC from day trading with Thomas Fuller insight and trade Signal in few weeks of trading.
@cantalupo79
@cantalupo79 Жыл бұрын
thomasfullerofficial
@cantalupo79
@cantalupo79 Жыл бұрын
That's
@cantalupo79
@cantalupo79 Жыл бұрын
?you can search his user, name on the internet. to see his Trading. View analysis and courses
@porschigt3
@porschigt3 Жыл бұрын
I've heard so much about his service from different crypto page. His service looks genuine.
@JOSE30860
@JOSE30860 Жыл бұрын
His copy signal is the best.
@hypmotizedbysoles
@hypmotizedbysoles Жыл бұрын
There was a prepper guy that argued against gold and silver on his channel not long ago. Of course he presented his point of view only. Not one of the benefits and basically making out that anyone who buys precious metals to be a hayseed hick or a simpleton. I respectfully commented with all the points he neglected to mention as well as the importance of finding respectable sources, impotence of being financially responsible and of course security. He deleted my comment. To which I questioned his being a prepper or a communist and his parents pedigree. Although I do like spreading my investments in various positions I still have difficulty getting involved with bitcoin. I don’t fault anyone who invests in it. It’s just something I have a great deal of skepticism about. Especially given some of the recent developments in the cryptocurrency markets.
@2is1gold
@2is1gold Жыл бұрын
The last year has made it very clear that cryptocurrency isn’t a one way train. I don’t have any issue with BTC or anyone who invests in it (I do personally), unless they spit bad info.
@hypmotizedbysoles
@hypmotizedbysoles Жыл бұрын
@@2is1gold I’ve followed your channel for sometime and consider you to be number 1 in my top 5. I’ve listened to you views on crypto and respect them. If I were to invest in crypto your opinion and information is one of the few I would take into serious consideration. Mostly because your information is well thought out, non of this to the moon stuff, no FOMO or end of the world. When I first started buying I went with what felt right. Two minor mistakes but for the most part ok. Then I started researching more and stumbled on a few channels, most if you applied a little common sense you could discard pretty quick. Your channel and opinions have definitely been a great help in reassuring my choices have been sound. Thanks for all the great information and videos.
@bobbyboucherH2O
@bobbyboucherH2O Жыл бұрын
I stack gold and silver myself so by no means am I agreeing with prepper guy but...If he was the kind of Prepper that preps for doomsday, the apocalypse, an alien invasion or whatever I could see why gold/silver would seem useless to him. In a post-apocalyptic world gold/silver would be useless. Water, Food, Fuel, Guns/Ammo, and medicine would be the currency.
@SalivateMetal
@SalivateMetal Жыл бұрын
The interview wasn't available when I did my video on this. It's interesting that when folks like Cuban and Ramsey talk about gold in a negative like that it seems to have the opposite effect.
@2is1gold
@2is1gold Жыл бұрын
Jump right to the 40:00 mark if you want to see the specific part. Cuban's take is going to be validation for people who want to think BTC is the way to go and will be immediately invalidated by anyone he's calling dumb. Probably not much of an argument in the end. Cheers!
@markedfortime
@markedfortime Жыл бұрын
After what happened with FTX, I don't think Cuban has any credibility on investing in Bitcoin...about as much as Kevin O. BC also has already dramatically dropped...if he's planning to load up, what's he waiting for? How can BC be a store of value with the price wildly fluctuating as it does regularly? Lastly..if gold isn't valuable, why do central banks own it? Why is it considered a tier 1 asset?
@barkmaker
@barkmaker Жыл бұрын
Agreed. Anyone who thinks gold and silver coins are going to help them in a SHTF situation, has never watched some of Mark Dice's videos where he tries to give one away and gives people an option of having a chocolate bar. Most people don't know the value of precious metals and/or don't have the ability to test if they are real solid metal. You're better off buying alcohol, cigarettes, and other vices for trade. For long term wealth storage, purchase things that will appreciate substantially in value like real estate, art, vehicles, etc...
@barkmaker
@barkmaker Жыл бұрын
When they're selling gold, you sell gold. When they're out on the street with the signs saying we buy gold is when you buy gold.
@dogwklr
@dogwklr 10 ай бұрын
Uhhhhhh, do you think they needed very long (in historic terms) to learn to value bitcoin and to covet it? As soon as word spreads, people try to get the mcguffin item. If they realised silver was important and valuable, it would reverse that ignorancd fast. Everyone knows if you get sometbing jn gold, its valuable and you take care of it.
@hillbillystacker
@hillbillystacker Жыл бұрын
I trust gold, I think he's talking about ETF's. I'm not exactly sure, I think he was just caught off guard. As far as someone taking a gold bar from you there are ways to prevent that. Physical gold does need to be protected. I find that most people that stack are prepper related and they do hold protection as well as food and water. He's entitled to his opinion but I'll take my chances with physical bullion.
@2is1gold
@2is1gold Жыл бұрын
Yeah, Cuban was making points he knew wouldn't be defended (by Maher).
@deltalima6703
@deltalima6703 Жыл бұрын
I disagree. I think half of stackers or maybe more are not preppers, but they are quiet about it. I also think nearly everybody owns gold jewelry to some extent and that counts as stacking too.
@hillbillystacker
@hillbillystacker Жыл бұрын
@@deltalima6703 perhaps, I can only speak of my own personal experiences. The ones I know stack brass as well.
@deltalima6703
@deltalima6703 Жыл бұрын
My mom has some gold jewelry, but even if you broke in you would nake like $3/hr picking through the junk to find it. Cops would be there before you finished. Probably no guns, but who could say. My uncle has some gold jewelry, I dont think he has guns, cant be sure though. I think most people are like that, a billion or so in india with jewelry and might not have guns, a billion or so in china with coins and probably no guns. USA is a poor example, probably have a gun no matter what....
@hillbillystacker
@hillbillystacker Жыл бұрын
@@deltalima6703 that's the problem with jewelry is if it's not investment grade or bullion grade then you don't really have anything. You pay more for stones than you do the 14k gold that makes up most jewelry. Ultimately if you go to sell it you'll usually get scrap price for the gold and nothing for the stones. Jewelry is not what I would consider an investment. That's just me personally when there's 24k bullion that can be bought. To each their own though and ultimately it's whatever makes you happy.
@DoctorShafty
@DoctorShafty Жыл бұрын
Gold is my savings account. I think they call bitcoin digital gold because it doesn't do anything and that's the best thing they could come up with.
@2is1gold
@2is1gold Жыл бұрын
😄
@edb3877
@edb3877 Жыл бұрын
The crypto-maniacs are always trying to equate digital vapor-ware with gold. This is why they show so many images of a "bitcoin" that looks a lot like a large gold coin. In point of fact, BTC and other cryptos are a ledger entry or a bit of code, nothing else.
@InappropriateShorts
@InappropriateShorts Жыл бұрын
@@edb3877 you don’t understand bitcoin which is fine.
@edb3877
@edb3877 Жыл бұрын
@@InappropriateShorts To disagree with ANY BTC claim is to "not understand it". I hear that a lot, usually from those who have lost their shirts in crypto but who still can't let go of their crypto dreams. But... here is something that I DO understand: CBDCs are coming and when they arrive, no government will tolerate any other form of digital money. How they choose to handle that won't be known until they figure it out but they will figure this to suit themselves. We don't see any competing paper or metallic money these days because governments and CBs derive great power via their ability to create "money". They also do not share power willingly. Because of this, cryptos days are numbered. Yes, the tech will survive and likely will be incorporated into the coming CBDC. The banking system will use this tech and parts of it will be good. We'll have to see how this all pans out before we know what will happen. For now, we both have our own points of view and neither of us seems likely to change until circumstances make it totally clear. Take care...
@Atrociousnes
@Atrociousnes Жыл бұрын
Where is the best place online to buy gold I've never done it before so I'm not sure on trusted sites or places ?
@rocketboostjump
@rocketboostjump Жыл бұрын
What is dumb as F? Turning 32k into 3k in one year buying crypto like I did in 2021.
@2is1gold
@2is1gold Жыл бұрын
😬
@bmtenoch8230
@bmtenoch8230 Жыл бұрын
RIP I hope you havent sold
@rocketboostjump
@rocketboostjump Жыл бұрын
@@bmtenoch8230 what's the point of selling? The value is so little. I started to stack gold and silver instead and surprisingly my stack has gone up in value.
@wash85
@wash85 Жыл бұрын
Best thing to do is buy 32k again while its worth 3k. What would be dumb af is if u sell it at 3k.
@VerticalStacker
@VerticalStacker Жыл бұрын
If it wasn’t for gold (and on a much smaller scale silver) I wouldn’t have near the savings and sense of financial security I do. That sense of financial security in and of itself holds tremendous value. Billionaires are on a different playing field I’ll never understand, and it’s easy for them to look down their nose at [insert asset class they never invested in here] and flame away. But for 99.99% of the rest of us, we do what we can with what we’ve got. Good to hear your take.
@2is1gold
@2is1gold Жыл бұрын
Good to see your take here too. I have similar thoughts. Since I don’t dip into the gold or at least don’t have to without significant cause, it’s a great layer of stress insulation. Hope the holidays are going well there!
@edb3877
@edb3877 Жыл бұрын
Agreed. I just wish I could watch a video of the looks on the faces of the uber-rich who have everything they own in paper when they become aware of the collapse of the fiat debt paper scam and that they have been rendered absolutely penniless. Now THAT would be hilarious!!
@martynrawlins8050
@martynrawlins8050 Жыл бұрын
Another balanced video from you. Nice one. Regarding Cuban; a lot of people tend to think that having billions is a sign of intelligence but it's just a sign of a talent to make a lot of money. A lot of people don't have Cuban's talent but they have no shortage of intelligence. Personally I couldn't dedicate my life just to make money. Life is far more interesting than that.👍😁
@2is1gold
@2is1gold Жыл бұрын
Agreed!
@edb3877
@edb3877 Жыл бұрын
IMO, people sitting around in a bar getting soused and then trying to make intelligent conversation are among the DF's out there and not those who recognize a dying financial system and don't want their family to be a part of its demise.
@generalesdeath5836
@generalesdeath5836 10 ай бұрын
It doesn’t sound like Cuban thinks gold is an investment. It sounds like he thinks it’s competition for Bitcoin that he wants out of the way.
@DavidSagala-vs7yf
@DavidSagala-vs7yf Жыл бұрын
Investing in gold is a savings account to me, not an investment😊
@chuck5553
@chuck5553 Жыл бұрын
Today I received 2 oz of gold…0 Bitcoin. When SHTF I won’t be trading BC for anything
@2is1gold
@2is1gold Жыл бұрын
🤜🤛
@fufubass
@fufubass Жыл бұрын
Gold is looking smart lately. Cuban sounds smart as ftx.
@michaelmccoy2847
@michaelmccoy2847 Жыл бұрын
As I’ve mentioned previously, gold is a fun way to save, protect wealth from inflation, balances an aggressive portfolio, a great hobby and inheritance. It’s also a great way to discipline yourself and make saving (not necessarily investing) a regular hobby. You know what would be the heighth of irony? If Mark was obsessed enough about gold to have been watching you videos and was actually drinking Chambord Royales when he made these specious comments 🤣 Cheers 😂🎉
@2is1gold
@2is1gold Жыл бұрын
Ha! 🍷
@michaelmccoy2847
@michaelmccoy2847 Жыл бұрын
@@2is1gold 🍷 🍷
@rogerwilco71
@rogerwilco71 Жыл бұрын
I use gold as diversification... I've always viewed gold similar to owning property/real estate...goes up in value steadily over 10-20 years and pay capital gains when selling (except I don't have to pay yearly taxes on it like property and it fits in small places) Thanks for the uploads my friend, Merry Christmas and Happy New Year!!
@2is1gold
@2is1gold Жыл бұрын
Same to you - happy holidays!
@pwhales264
@pwhales264 Жыл бұрын
Excellent point
@davidotness6199
@davidotness6199 Жыл бұрын
Appreciate your philosophy, and yours is yours (life, property, and assessment of the future,) but we are entering into a unique fold of history here. Foundationally so. Epic changes are upon us, let alone the "Brave New World." I hope your CYA is open for the unexpected. I see nothing but hairballs ahead, i.e. "I see a bad moon a'rising...."
@stormforge68
@stormforge68 Жыл бұрын
Agree!
@GodSaveTheKing444
@GodSaveTheKing444 Жыл бұрын
Property doesn't go up. It goes down when inflation adjusted. This because construction of new houses as faster than population growth
@DrDRE4391
@DrDRE4391 Жыл бұрын
You have to pay a premium when you buy precious metals and you have to pay a premium when you sell them. You have to pay 27% tax on any profits made. Gold buyers, pawn shops, etc... pay 30-40% under spot when you sell. Coin shops pay 5% under spot at times, but you have to have numismatic material in good condition or recognizable rounds or bars. The only way you win with precious metals is if there is a complete breakdown of the present monetary system. So, your money is pretty much tied up. I had 68 oz of gold. I sold 48 ounces to help buy a rental property last year. I know these things first hand.
@deltalima6703
@deltalima6703 Жыл бұрын
I think 2 is 1 seea right through mark cuban. 2 is 1 is exactly right about gold and about bitcoin, imo. I have used gold as both investment and store of value and silver also. For store of valua I just held physical, bars and coins. For investment I held mining stocks.
@brironmanbtl1162
@brironmanbtl1162 Жыл бұрын
What can I say about Cuban but . . . Hahahahahaha I thought Kevin O'Leary was a clown but . . . Please change the name to "Clown Tank"
@dougm2250
@dougm2250 Жыл бұрын
When the power grid goes down how much will Bitcoin be worth?
@StuartHollingsead
@StuartHollingsead Жыл бұрын
If you wish to save money, the best thing you can do is buy gold or silver. If you wish to invest, buying gold or silver is not smart. I am a fan of buying farmland and renting it out to farmers at the going rate. 160 acres at a time. 1/4 square mile. But farmland is just one aspect of real estate investing. Housing flipping, commercial, rental properties. Another good angle is buying farmland on the edge of a booming town. Pay for the land to be kept up by a local kid through mowing, then 5 or 10 years later sell it to a developer for large profits.
@2is1gold
@2is1gold Жыл бұрын
Smart.
@jaimhaas5170
@jaimhaas5170 Жыл бұрын
I am 60 yrs old and have had several conversations with people my age and older. None of us understand where your money goes when you BUY bitcoin. My son who is nearly 20 buys and invests in bitcoin but also fails when attempting to explain to me where his money goes when he invests in bitcoin. That reason alone is a great reason for MANY of us not to invest in it. Cuban does not strike me as being overly intelligent in many areas of life and openly admits that much of his wealth was gained on pure luck. I didn't really like that show with Maher. They sure didn't say much of anything that I found interesting.
@TheOrangeShift
@TheOrangeShift 8 ай бұрын
When you invest in Bitcoin or other cryptocurrencies, your money is used to purchase digital tokens or coins. This money typically goes to other individuals or entities who are willing to sell their cryptocurrencies. The process of buying and selling cryptocurrencies occurs on cryptocurrency exchanges, and these exchanges facilitate the transactions between buyers and sellers. Here's a simplified breakdown of the process: You transfer your money to a cryptocurrency exchange. 1) On the exchange, you place an order to buy a specific amount of a cryptocurrency at a certain price. 2) Another person or entity places an order to sell the same amount of that cryptocurrency at the price you're willing to pay. 3) The exchange matches your buy order with the sell order, and the transaction is executed. 4) The cryptocurrency you purchased is then stored in your digital wallet. So, the money from investors goes to other investors or individuals looking to sell their cryptocurrencies, and the exchange facilitates these transactions, earning fees in the process. Cryptocurrency markets are decentralized, and the value of cryptocurrencies is determined by supply and demand on these exchanges.
@christianmuller292
@christianmuller292 Жыл бұрын
Inherited a lot of gold in 2002 (20 swiss francs) that were worth about 50$ each. I wasn't in need and had a stock portfolio so kept them. In 2004 I saw gold going up quite a lot and a friend of mine said it was due mainly to two wars that the US couldn't finance at once (Afghanistan and Iraq). In 2008 what had to happen happened and gold doubled in value. Never sold it and never will. Today if I want to sell a coin it's worth 350$ (+700% since 2004). Stocks meanwhile haven't been as good an asset. Some have gone up but a lot have gone down dramatically. Gold and silver are for cautious but patient people. Have seen people buy a stock at 10am and sell it at 10.05am. Just greed. Gold and silver like stocks have cycles. Nothing goes up indefinitely like it doesn't go down indefinitely. The 20% average yearly return on gold is enough for me.
@rbtheballer
@rbtheballer Жыл бұрын
I love when they say someone will beat you up or want to kill you for your gold goes to show the true value it must have and makes me want to stack it even more!!! Btw im not a 🐱 like Cuban I will be more then honored to protect my stash!!
@grit1679
@grit1679 10 ай бұрын
That was my thought as well.
@jayveeortega8313
@jayveeortega8313 Жыл бұрын
Gold is safe based on my experience here in the Philippines. 3-5 years ago the price was half it is right now. We usually invest in gold jewelry because gold coins or bullions are not readily available.
@edjosephbasan8151
@edjosephbasan8151 Жыл бұрын
Hi. Pinoy here. May mga facebook groups for gold stackers sa ph. Dun ako bumibili ng gold coins ko. Legit naman mga seller dun
@hillbillystacker
@hillbillystacker Жыл бұрын
Great video as always. Keep up the great work. Cheers
@2is1gold
@2is1gold Жыл бұрын
Thanks!
@Dantursi1
@Dantursi1 2 ай бұрын
Banks are buying gold and other Precious Metals because of they have remained stable or appreciated in this shambolic times with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
@privateuser9303
@privateuser9303 Жыл бұрын
I'm shocked. A billionaire with billions of paper money says gold is bad. Okay sure bud.
@2is1gold
@2is1gold Жыл бұрын
😄
@chrisiscoolsowhat
@chrisiscoolsowhat Жыл бұрын
2 reasons for me, a hedge against the failing fiat and a Damn good savings strategy.
@ValMartinIreland
@ValMartinIreland Жыл бұрын
If you have a house which you want to sell and you hope to buy a similar house in a different location. If you get a 300K now for that house and put it in the bank for a year and go to buy a house in one year's time, the 300K will only buy 270K's worth by then. If you buy 300K in Gold it will but that new house for 330K. 50 grams of gold went up 25 Euros in Europe in 2 weeks recently.
@JDre-ox2hu
@JDre-ox2hu Жыл бұрын
It would be hard to get away from the mindset of investing vs saving if whatever you (Cuban) were doing made you a billionaire…. That said he can afford a swing and a miss on an investment and still not worry about money where as the rest of us need something to fall back on if life gets spicy 🌶
@2is1gold
@2is1gold Жыл бұрын
Yep. He's an investor by trade.
@baoxidiaoyu
@baoxidiaoyu Жыл бұрын
Bonds down 20%, mutuals stagnant but my metals are up
@Wagnr8228
@Wagnr8228 Жыл бұрын
Nice video! Can you do one on international travel carrying gold,haven’t ever seen one on that. Also perhaps storing in let’s say Bahamas or somewhere.
@efwsot
@efwsot Жыл бұрын
You can’t take more than $10k out of the US. That’s where the crypto has big advantages.
@jeeenyus4385
@jeeenyus4385 Жыл бұрын
@@efwsot That is vague. $10,000 spot value gold (5 oz +/-) or 200 $50 eagles?
@TheQuickSilver101
@TheQuickSilver101 Жыл бұрын
@@efwsot Of course you can take more than $10,000 out of the US. You just have to fill out paperwork
@stormforge68
@stormforge68 Жыл бұрын
Yeah I second this. Future video on travel with gold and storing gold in the Bahamas sounds great.
@edb3877
@edb3877 Жыл бұрын
@@stormforge68 I'd rather store ME in the Bahamas. 😆
@stuartstuart866
@stuartstuart866 Жыл бұрын
A company can go out of business and your shares could become valueless. I wouldn’t put all of my money in physical gold because it’s a slow growth investment, but I like it because no matter what, like land, it will always be worth something. I think most investment advisors would agree that you should diversify, just in case one of your investments falters.
@alessandrofrioli6978
@alessandrofrioli6978 Жыл бұрын
in gold we trust
@KpxUrz5745
@KpxUrz5745 Жыл бұрын
I don't stack, but have made an absolute truckload of money by patiently building large "positions" in gold (or silver, lithium, etc) and then finally SELLING it all at the right time. And then ---- start the process all over again. So far, zero losing "trades", and it works every time. I don't necessarily use bullion to do this.
@samy7013
@samy7013 Жыл бұрын
My physical gold isn’t an “investment” though. It’s a valuable, but fallow and inert savings asset. And that’s exactly what I want it to be.
@2is1gold
@2is1gold Жыл бұрын
Exactly!
@TheGroovyJones
@TheGroovyJones Жыл бұрын
I'm too dumb to understand how all the things they announced at Davos will be good for me.
@alexpearson8481
@alexpearson8481 Жыл бұрын
What an outstanding production, especially the introduction. Gold is gold and nothing else is. I guess the bet becomes how safe is your money outside of gold over the next 30 years? Imagine having no gold and 100% investment in the corrupt system…. That seems like an out of balance scenario, doesn’t seem reasonable…. But that’s just my two (inflation adjusted) pennies….thanks 2is 1. Always love your videos. 🎉
@2is1gold
@2is1gold Жыл бұрын
Thanks, Alex!
@chrisstanford3652
@chrisstanford3652 Жыл бұрын
I enjoy collecting vintage and contemporary gold with my recent social security retirement: 20 francs, sovereigns, pesos, libras, and some modern 1/4 ounce bullion coins and US $5 commemoratives . I purchase key dates and quality coins at as close to spot a possible, less than 4% above spot. These gold pieces provides a wee bit of world history, miniature art and modest savings, a little over 20 ounces in two years. At 67 gold serves as an inexpensive & easily liquidated life insurance policy for those final expenses 🪦⚰️😇 far better than the numerous“ $9.95 Plans” out there. 🤗
@HappyBuddhaBoyd
@HappyBuddhaBoyd Жыл бұрын
The absolute BEST part of precious metals as an investment.... No paper trail for the goverment to use and abuse.
@andrewclodfelter3782
@andrewclodfelter3782 Жыл бұрын
Cuban has me more bullish on Gold than I should be. When he says he has acquired a large position of gold in the future its time to reduce your exposure.
@2is1gold
@2is1gold Жыл бұрын
Ha!
@mth469
@mth469 Жыл бұрын
I was worried there were too many gold bulls - which is usually a bad sign. But this definitely restores confidence that we are not (yet) in a gold bubble.
@arnoheens7900
@arnoheens7900 Жыл бұрын
Yes same seeing someone insult gold made me happy 😂
@edb3877
@edb3877 Жыл бұрын
IMO, we are so far from being in a gold bubble that it is barely even a smudge on the horizon. Not at all like a number of other assets.
@mth469
@mth469 Жыл бұрын
@@edb3877 there are lots of people in gold... but not yet euphoria. prices are trending flat.
@edb3877
@edb3877 Жыл бұрын
@@mth469 Agree that prices seem to be stuck for now but that could change for any number of reasons. I don't know how many people are into gold but suspect that most keep quiet about it for security reasons.
@newhampshirelifestyle4233
@newhampshirelifestyle4233 10 ай бұрын
"if you had a physical gold bar, someone would just take it from you any way". Really? "Someone" would have to get past my 5 security guards, Smith, Wesson, Mossberg, Armalite and Ruger.
@pyrocouple5703
@pyrocouple5703 Жыл бұрын
I enjoy Cuban but gold more! Cheers!
@2is1gold
@2is1gold Жыл бұрын
He isn’t popular because he’s shy.
@donnieberube889
@donnieberube889 Жыл бұрын
The other Billionaire just said Bitcoin has no value. Seems even billionaires can become not too smart.
@ShortTermRookie
@ShortTermRookie Жыл бұрын
I like your reasonable perspectives.
@2is1gold
@2is1gold Жыл бұрын
Thanks!
@DrMamaHart
@DrMamaHart Жыл бұрын
Do the opposite of what the billionaires say and you’re doing what they do. They usually say the opposite of what they are actually doing.
@anneinfurna8528
@anneinfurna8528 Жыл бұрын
Gold is an investment in your future. What you are really doing is Building a Bridge to a future better time and climate where you will have something of your former wealth as opposed to having Nothing when the Fiat paper debt is called null and void. Things change, Politics modify, and Administrations get turned over. Hopefully you will weather the storms and come out with a better position than most. But It may take a while. Be Patient and spend as much money as you can to set yourself up using money that you do not need for daily living. Remember thru all crisis's the Bills from your creditors never Stop. Carry on
@2is1gold
@2is1gold Жыл бұрын
🤜🤛
@empire0
@empire0 Жыл бұрын
It's easy for Cuban to say, he can afford to buy an NBA team which has gone up exponentially in value. Us normal folk can buy gold and silver instead
@silverstormienormie6146
@silverstormienormie6146 Жыл бұрын
It's a store of value for me. At least when the power grid is down or theives and viruses stealing everyone's Bitcoin I will still be holding my gold in my hands lolol.
@asharohx
@asharohx Жыл бұрын
Cuban shows that he doesn't understand what gold is. Gold is not an investment, gold is money. When fiat currency goes to its real value which is zero then he will understand what gold is.
@padmac8176
@padmac8176 Жыл бұрын
I must be dumb as f*** then! More gold please!😜😉
@2is1gold
@2is1gold Жыл бұрын
Ha!
@victoriaoshea4865
@victoriaoshea4865 Жыл бұрын
5:46 Well said!!! ... "Cuban's argument in the first place was really against a Straw Man's version of Gold ownership ..."
@NicholasBall130
@NicholasBall130 2 күн бұрын
I appreciate your commitment to guiding others toward financial success. We all strive for security and a better quality of life, and this can be achieved through smart investments, mindful spending, and effective budgeting. I'm thankful I discovered the value of hard work and financial independence early on in my journey.
@StacieBMui
@StacieBMui 2 күн бұрын
Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. 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.
@cowell621
@cowell621 2 күн бұрын
I wholeheartedly concur, which is why I opt to entrust the day-to-day decision-making to an investing coach. With their specialized knowledge and extensive research, it is highly unlikely for them to underperform. Their expertise is centered around harnessing the asymmetrical potential of risks while also employing measures to safeguard against unfavorable outcomes. I have been collaborating with an investment coach for more than two years
@StocksWolf752
@StocksWolf752 2 күн бұрын
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advisor? I'll be happy to use some help.
@cowell621
@cowell621 2 күн бұрын
Finding financial advisors like Rebecca Nassar Dunne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@travelingmonkslife9560
@travelingmonkslife9560 5 ай бұрын
Mark Cuban - "don't buy gold!!!........(because your driving up the price and I'm actually wanting to buy.....and I need you buy my stuff to afford it now)."
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