Our wealth is being destroyed; is this war winnable?

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Kitco NEWS

Kitco NEWS

Күн бұрын

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@Mychinisfamous
@Mychinisfamous 4 жыл бұрын
Personally, I am about 5% cash, 70% silver, 25% gold. This year has been awesome for my finances. I also rotated out of stocks at the end of December.
@garzax25
@garzax25 4 жыл бұрын
I liked that stack of dollars explanation .
@sambocap
@sambocap 4 жыл бұрын
That actual dollar to gold comparison in the beginning sends a very strong and vivid message to how devalued our dollars are becoming........and it's all due to the intervention of government at every financial crisis.
@petes.5167
@petes.5167 4 жыл бұрын
This is why an immigrant in 1925 could come to America and work a manual labor job for several years then save up and start a business. With the purchasing power of the dollar down well over 95% it's next to impossible these days for the average Joe to do so.
@frankkirby7046
@frankkirby7046 4 жыл бұрын
David, I like your interview style. You a ask a good question the sit back and let your guest answer without interrupting.
@barrymanning6554
@barrymanning6554 4 жыл бұрын
I think I now what/who you are talking about Frank.
@SpeedDemonExpress
@SpeedDemonExpress 4 жыл бұрын
That stack comparison makes everyone realize the $100 bill is what the $1 used to be.
@perseusrex614
@perseusrex614 4 жыл бұрын
man when he puts the tiney stack of ones next to the gigantic stack of ones..... it really puts things into perspective, and its accelerating! great interview.
@johnwear4354
@johnwear4354 4 жыл бұрын
The Federal Reserve has too much power. It can decide which businesses fail and which get bailed out. I agree with E. B. Tucker that gold is currently a good investment.
@bullmeatt
@bullmeatt 4 жыл бұрын
im trying to collect 360 1oz gold coins for my retirement. That way I will sell 1 oz of gold per month and it should be a decent standard of living in any era for a person who isnt greedy. I dont trust pensions and i dont trust cash
@marcelinoperez2926
@marcelinoperez2926 4 жыл бұрын
Gold can be prohibited. But you can hide it. You can't hide stocks. They can be nationalized. If you have everything else to survive, gold and silver is the best additional security. The time will come when we can only buy digitally. I agree with him on many things. Precious metal is the lowest risk. The state can't find it if you're smart.
@TheCJUN
@TheCJUN 4 жыл бұрын
This guy sounds like Peter Schiff, I like him.
@johnzeuli5827
@johnzeuli5827 4 жыл бұрын
I believe EB is a much more versatile and original thinker.
@sergeshoemaker5218
@sergeshoemaker5218 4 жыл бұрын
And looks like Ronnie Stoeferle
@linus.1.0
@linus.1.0 4 жыл бұрын
smarter non annoying version of him :)
@jamsheedmehta1657
@jamsheedmehta1657 4 жыл бұрын
This is the best and most perfect explanation I’ve heard in months! Great job 👍🏼. Everything he says is 100% true.
@ducatim1563
@ducatim1563 4 жыл бұрын
Does anybody want to talk about how they’re getting rid of cash and moving to digital currency?
@marcelinoperez2926
@marcelinoperez2926 4 жыл бұрын
I like this guy. He can read my message right here. I need a debt-free place to live. Out of town if possible. Then I need knowledge and skills that will enable me to survive. My own water, my own electricity. My garden to plant something. Means of exchange. Supplies of any kind. Friends. Even room for friends when they lose their homes. Cash reserves at home. Some silver and gold. I wouldn't buy much. Buy yourself some shoes, a bike, clothes. It's cheap now. A good fence, alarm system against thieves, and a heart for people who are starving. Pay your debts and learn austerity before you buy gold. I like also the interviewer.
@macsheadroom3209
@macsheadroom3209 4 жыл бұрын
No argument, the world paper markets are spinning out of control... physical in your hand... silver for me
@TheChiefCoin
@TheChiefCoin 4 жыл бұрын
Following E B Tuckers advice has made me a millionaire.
@astroboyspacex6319
@astroboyspacex6319 4 жыл бұрын
There is some good information in your book E.B. Good interview David. Put $1,000 in USD plus $1,000 in gold in a safe for 5 years and see what is worth more.
@John-wf5if
@John-wf5if 4 жыл бұрын
Q: "During these uncertain times, what should investors be holding?" A: Guns and ammo
@brian6x
@brian6x 4 жыл бұрын
That will come later! First you need to hold gold.
@suchintsharma
@suchintsharma 4 жыл бұрын
Only Gold, what about Silver? Why is everyone so silent on Silver?
@domenicpalozzi9960
@domenicpalozzi9960 4 жыл бұрын
Because silver is what u need buy
@tonyelia7365
@tonyelia7365 4 жыл бұрын
I got Silver, not much Gold, Silver is more affordable for me and much more potential!
@cosmoray9750
@cosmoray9750 4 жыл бұрын
Look up GR Silver Resource. Minera Alamos, Gold Terra Resource. They are all juniors.
@1Ascanius
@1Ascanius 4 жыл бұрын
Not to worry bro silver will lag until it hits 19-19.50 then it will outperform gold but for now gold is in the spotlight. Trust your better judgment and stuck to it. I’m waiting since 2005 so let’s be patient.
@nadeemahmed-ig2fb
@nadeemahmed-ig2fb 4 жыл бұрын
I would like see again gold standard. It will contain inflation and countries will not be able to print more and more physical currency at their whims. Gold is the real money and cannot be printed but mined with great efforts. It has proven its money Store of Value status since 5000 years or even more. The international trade imbalance, debt allocation issues will be resolved if all countries imbibe gold defined standard principles honestly.
@tonyelia7365
@tonyelia7365 4 жыл бұрын
Silver as well
@ShideKnight
@ShideKnight 4 жыл бұрын
People need to stop pitting gold/silver and cryptocurrencies against eachother. Especially in the current environment.
@aharri381
@aharri381 4 жыл бұрын
"The invisible hand is so invisible it is not even there anymore". Love it E.B.
@VRSOCIETY
@VRSOCIETY 4 жыл бұрын
Interesting that Metalla is one of the poorest performing stocks in the PM industry currently. Been pretty flat compared to other R&S companies let alone direct PM plays. Great that he is on the circuit about his book lets hope it gets his stock moving upwards soon. Confident talk with a poor performing stock...
@davidmmm8
@davidmmm8 6 ай бұрын
Miners are really just paper stocks representing Metals. Nothing like the physical Metals.
@Ryan_Tinney
@Ryan_Tinney 4 жыл бұрын
GOLD!!! and Silver
@Technojunkie3
@Technojunkie3 4 жыл бұрын
"Fascism should more properly be called corporatism, since it is the merger of state and corporate power." Pretty much what we have today.
@PartTimeBallroomDancing
@PartTimeBallroomDancing 4 жыл бұрын
I haven't seen EB this aggressive in any other videos. Right on.
@daves.9479
@daves.9479 4 жыл бұрын
2-3% of your wealth in gold? This seems to be the mantra. As "wealth insurance"? That's not insurance. Insurance needs a relatively small input (cost) but provides a much much larger pay-off when trouble comes. 2-3% of your wealth as gold won't do that.
@donmesswithme
@donmesswithme 4 жыл бұрын
I really like the innovative way of showing stack of cash to make people understand. Hats off to you. Looking forward to reading your book.
@thehungergames8918
@thehungergames8918 4 жыл бұрын
Silver 🥈 is a great opportunity nowadays. 😀✌️
@moneybagsknottbob1784
@moneybagsknottbob1784 4 жыл бұрын
I'm investing in XRP as well as gold, to hedge my traditional investments. A new financial system is on the horizon.
@notgunnadoit7461
@notgunnadoit7461 2 ай бұрын
Fellas! I worked for 4 federal agencies and was always in law enforcement (internal affairs) and counter terror (combat zones) I was an Army criminal investigator, DoD remote site, and DoS protection for four U.S. Ambassadors and a full inspector at DoI. Something's been wrong for a long time guys.
@notgunnadoit7461
@notgunnadoit7461 2 ай бұрын
Oh just a quick FYI I was in the room with all the appointed and elected officials when investments were made. If I did it I'd be in prison for manipulation or insider trading, but since they did they just became multi millionaires and very fast. If we took "oh i'm not republican or democrat" Nancy P investments and put them under criminal scrutiny do you think me or you would avoid prosecution? So why are they? It's a 2 tier system. The insiders "elected officials or appointed judges" and then there's the Uber wealthy we cannot touch and then guys there's us - just regular working class Americans. I will give you two guesses on who's actually getting screwed? Get out your bergen's hand lotion because it's you and me.
@marciesinger137
@marciesinger137 4 жыл бұрын
50 percent in gold
@jamesjacob9632
@jamesjacob9632 4 жыл бұрын
The next big thing is bitcoin. The problems of gold as money is what caused the situation we are in now with the money printers. gold leads to banks, banks lead to central banks, central banks lead to the federal reserve. Bitcoin is such a better form of money you have to be a shill not to see it. It's more durable, portable, divisible, scarcer. No banks necessary. No way to seize your money.
@tharkithulla1350
@tharkithulla1350 4 жыл бұрын
The legend is back with his excellent analysis , this man rocks , love you E.B Tucker
@pudendajohnson1932
@pudendajohnson1932 4 жыл бұрын
I bought it. I haven't read it yet, but I bought it.
@campercustom5094
@campercustom5094 4 жыл бұрын
Same thing is happening over here in the UK, noticed none of the lumber yards have re stocked there inventory in months
@amylin7781
@amylin7781 4 жыл бұрын
Are there universal rules when printing money? Why is the US and probably other countries as well keep printing money even if they have no gold to backup their currency?
@gildobacci4996
@gildobacci4996 4 жыл бұрын
He’s 100% correct
@marcelinoperez2926
@marcelinoperez2926 4 жыл бұрын
With gold in your shoes?
@truhunk1
@truhunk1 4 жыл бұрын
Putting 2% or 3% of your portfolio into gold is not what I would call "an insurance policy".
@lorrainecrosse5637
@lorrainecrosse5637 4 жыл бұрын
It is if you are a billionaire
@davidmmm8
@davidmmm8 6 ай бұрын
Billionaires are most likely just paper Billionaires.
@turkyturky6274
@turkyturky6274 4 жыл бұрын
30% phyiscal gold 30% btc 30% real estate 10% cash
@HH-bh8wq
@HH-bh8wq 4 жыл бұрын
Real estate better than gold imo especially if it cash flows. The stimulus bills get bigger and bigger everytime because the interest rates are getting lower and lower. There is not much the government can do when interest rates were originally at 3%. So the stimulus has to get bigger and bigger
@P37RU5
@P37RU5 4 жыл бұрын
Can’t believe one of his excuses for owning gold is that you can smuggle it in your shoes and walk through the border.
@lorrainecrosse5637
@lorrainecrosse5637 4 жыл бұрын
Don’t need to anymore when physical Gold is on the blockchain
@tonywalton8196
@tonywalton8196 4 жыл бұрын
Construction worker from Nebraska. Have a few accounts. Appreciate the conversations and insight. Can't wait for this economy to really pick up.
@RetroHabit82
@RetroHabit82 4 жыл бұрын
Some towns use their own community use currency for buying and selling. If someone is willing to take something they deem valuable to earn their goods and services then anything can be deemed currency.
@tonywalton8196
@tonywalton8196 4 жыл бұрын
This really applies to me. I weld concrete finish Hvac and sheetmetal and carpentry. Built bridges and buildings. Love it. Cool that you also were in that industry.
@borisatman2
@borisatman2 4 жыл бұрын
Land of the fee - home of the slave
@AIMInvestorJournal
@AIMInvestorJournal 4 жыл бұрын
3% gold, 2% silver, 5% platinum, palladium, rhodium. 80% gold and silver equities. 10% cash. Max out cheap, low interest loans.
@tmitchellw1000
@tmitchellw1000 4 жыл бұрын
You're missing the point here. We can discuss inflation, but the value of Gold is not affected all that much by inflation. Gold has a said value based on supply and demand. That value never changes. The value of our Fiat currency (learn what this means) or the US Dollar, however, does change. When the dollar is valuable, the Gold prices are down. It takes fewer dollars to buy Gold when the dollar has value. When the dollar is worthless the gold price goes up. It takes more worthless dollars to buy Gold when the economy is bad. Gold is a simple indicator of how the economy is. I can check the paper whenever I'm curious about how the economy is doing. There's no need to watch the news for those numbers. Any intelligent person can watch the commodities prices in the paper, and get the full story. Especially if your paper shows a weekly trend, like mine, does. Theoretically, we want the price of Gold to be lower because that means that our Fiat currency is doing better. .
@cosmoray9750
@cosmoray9750 4 жыл бұрын
Gold and Silver is where it's at right now. GR Silver is on the up side. Minera Alamos will go into production by year end. Recently I got into Gold Terra Resource. I like the team of YGT. YGT is located in Yellowknife.
@dr.dr.ruedigerosswald8441
@dr.dr.ruedigerosswald8441 4 жыл бұрын
Fight the FED by buying physical gold and save your ass!
@miguelcarter1949
@miguelcarter1949 4 жыл бұрын
The bank already charges a service fee so they do charge you wether your interest offsets it or not is besides the case
@MarzellCrypto
@MarzellCrypto 4 жыл бұрын
Thank you KITCO! 👌🏼✅
@CADVERCITY
@CADVERCITY 4 жыл бұрын
it does make sense,Just a statement from my side yes the dollar amount per coin has grown but so has our salary.We are not getting paid $1 a fortnight
@Avicena-tf5uj
@Avicena-tf5uj 4 жыл бұрын
Appreciate this interview he is a clear speaker and conveys his ideas well
@silvercanon1926
@silvercanon1926 4 жыл бұрын
E.B Tucker is right on.
@theraven9156
@theraven9156 4 жыл бұрын
E.B has a wealth of knowledge
@Achilles5937
@Achilles5937 4 жыл бұрын
Great insight from Mr. Tucker. Well stated and explained.
@kulturfreund6631
@kulturfreund6631 4 жыл бұрын
I don’t think the negative interest on savings is in place to force people pull out their money from the accounts and stimulate economy. Banks then wouldn’t have their money, which is contradicting their business. Also people just could keep hoarding their cash outside the bank. I think Negative interest are rather the tool to expropriate the people, just like inflation is. James Rickards says that in the long run government or Fed cryptos will be in place to to let people really have no alternative left and to make surveillance perfect.
@denislabelle3853
@denislabelle3853 4 жыл бұрын
Bitcoin, ethereum, chainlink, precious metals. That's what I'm putting my dollars in
@daviddetweiler4132
@daviddetweiler4132 4 жыл бұрын
This interview was great. Really enjoyed E.B. Tucker. Never heard him before.
@csclimber6672
@csclimber6672 4 жыл бұрын
Real money, yes. Unfortunately Gold has been sold out for a long time now. The validity/verification of average gold exchanges is near impossible.
@gateway1739
@gateway1739 4 жыл бұрын
Excellent interview! This guy is very well informed and knows his stuff.
@marciesinger137
@marciesinger137 4 жыл бұрын
Great interview but I'm a shareholder and I want to hear about the company
@kurtproton3726
@kurtproton3726 4 жыл бұрын
That was a great visual. Needs to be shown again more slowly. Nice work.
@SilentStocks
@SilentStocks 4 жыл бұрын
2nd time listening to Tucker, really smart guy
@ivolgafly
@ivolgafly 4 жыл бұрын
It's winnable by the BANKSTERS and for the BANKSTERS. All the rest is not important for them.
@quant2011
@quant2011 4 жыл бұрын
4:20 . easy - land is better than gold. Hard to steal land. You can do something useful with it. It is even more scarce than gold..since new gold is mined all the time
@Grimenoughtomaketherobotcry
@Grimenoughtomaketherobotcry 4 жыл бұрын
Hard to steal land? What do you think lawyers are for?
@13kimosabi13
@13kimosabi13 4 жыл бұрын
So WHY is GOLD less than $30,000 ? If it get so BAD that it does reach that value => you'll need guns/ammo, food/water, shelter, first aid, & barter items much, much more than gold. If we're still here.
@lwrightsr2286
@lwrightsr2286 4 жыл бұрын
Great Show !!! Thank You !!!
@zoltanmrena9138
@zoltanmrena9138 4 жыл бұрын
Real good content, much more real than space mines
@mylifethrivingincanada7643
@mylifethrivingincanada7643 4 жыл бұрын
Awesome visual exhibit - clearly shows your point! Which would you rather have?
@nadeemahmed-ig2fb
@nadeemahmed-ig2fb 4 жыл бұрын
As far as bitcoin or any crypto currency are concerned, I have my reservation that crypto currency runs without any central planning and chances of hacking are very high. As medium of exchange its status is not clear worldwide. It is an algorithm and runs on electric grid systems and in case of any massive natural calamities and man wars all will have gone. gone Crypto currency is not tangible but again is electrical pulses but real assets such gold, silver, palladium, homes and lands etc are in tangible form.
@tonyelia7365
@tonyelia7365 4 жыл бұрын
Ya I thought about Crypto, But decided not to get any, Too iffy, computer glitch and where did your $ go I decided on Silver, way under valued, a great buy right now and in my hands!
@trackfield7
@trackfield7 4 жыл бұрын
Nailed it!
@adhemartucker8171
@adhemartucker8171 4 жыл бұрын
They need to seriously fix this problem.people dying out here financially.i dont even know how to describe.its just bad.fix it before it destroys america or the world
@ChiDraconis
@ChiDraconis 4 жыл бұрын
Question from non-investor: If banks are flush with cash how do they utilize it if everything is flat on the floor?
@Hawka-Loogy
@Hawka-Loogy 4 жыл бұрын
Too many fees to consider silver or gold as money. The dollar is plenty strong. I like bags of 100s.
@peterscherling9000
@peterscherling9000 4 жыл бұрын
Bank of America has set gold to $3k!!! Are they buying less T bills?
@kickssass
@kickssass 4 жыл бұрын
he lost me in the end when he wanted to sell something
@quartytypo
@quartytypo 4 жыл бұрын
I don't invest in anything I have to take to a pawnshop to sell.
@joseantoniomenendezdomingu1162
@joseantoniomenendezdomingu1162 4 жыл бұрын
GREAT INTERVIEW TO YOU BOTH
@Chapitamastervideos
@Chapitamastervideos 4 жыл бұрын
Great interview... What do you mean by "Royalty Stocks"? Please explain...
@celinhobjj
@celinhobjj 4 жыл бұрын
Great interview!!!!
@davidlanham99
@davidlanham99 4 жыл бұрын
What do you people think of blockchain gold? Blanchard brokers Canadian Royal Mint blockchain gold in the US, where you can buy any amount of gold and it's held in their vault unless you request delivery. Is this anything, and is it safe to rely on the Canadian Royal Mint to hold it? And what about GLD?
@evadeanu1
@evadeanu1 4 жыл бұрын
So where should Canadians put their savings under RRSP or TFSA?
@FabiWann
@FabiWann 4 жыл бұрын
$1900 gold today.
@xx3868
@xx3868 4 жыл бұрын
All great advice and YOU have to save yourself when it all implodes soon or partly. Only question i have is when he says the Govt wants neg rates so it forces you to take your money out and spend it? Govt DONT want you to take your money out or the banks are stuffed as you see in other countries that had a run on their banks. They may bring in laws to stop to withdrawing soon to stop this. That why its good to look at moving you money out soon and especially after the crash as houses default will be next then banks defaults as in the GFC No one is working anymore, so houses have to be effected even without market crashes and pensions ect will all drop like stones and people will be ruined and we assume a cure will all be successful the first time for 7 billion people of all diff types of humans? Yes humans are all diff. Medicine is tricky. So you can move your money to various ETF index funds after the crash when their cheap or buy real metals and park it in a vault and resell when price goes up. Gold is safe because it hardly goes up over ten years BUT doesnt go down but will a bit on the crash and thst why i'm not touching it now on ETFS , real ect. This crash will be unlike anything we have seen short of aliens enslaving the human race as thats about where we are with stopped economies world wide. May have been better with the aliens at least some of the world may keep on working. haha. This is as bad as it gets and it happened just after the world had slowed and was about to go into recession anyway. This is very bad and history will only give a hint as to what will follow 50% crash to maybe 80-90%??? tricky....
@fungidungie
@fungidungie 4 жыл бұрын
That is a kick in the teeth.
@yedeylp
@yedeylp 4 жыл бұрын
i could listen all day to him
@tg8603
@tg8603 4 жыл бұрын
I know something that is arguably better than gold. Bitcoin. There you go. Great interview and I’m long gold and BTC.
@onloveandsublimation4912
@onloveandsublimation4912 4 жыл бұрын
Very good guest.
@silverjohnson3163
@silverjohnson3163 4 жыл бұрын
Right on, good information for all.
@turborewind
@turborewind 4 жыл бұрын
Can't take it with you when you're gone.
@goldcicvibefel9966
@goldcicvibefel9966 4 жыл бұрын
Of course!
@fascistphilosophy5649
@fascistphilosophy5649 4 жыл бұрын
dude has a nice stack of dollar bills. love to show up with that to the strip bar O_O;;
@mrspsychokitties6693
@mrspsychokitties6693 4 жыл бұрын
Can gold be hacked by quantum computers? Can gold be 51% attacked? Will your gold just vanish out of thin air one day? No. All of these things can happen to the Chinese created Bitcoin though.
@radiokaga3514
@radiokaga3514 4 жыл бұрын
Great info - Many thanks!
@futureoutfit
@futureoutfit 4 жыл бұрын
Crypto
@isaackim5690
@isaackim5690 4 жыл бұрын
David, excellent interview as always! 👏👏
@pablopina8924
@pablopina8924 4 жыл бұрын
Make it rain dollars~the Bernanke way.
@jeffmwaura8273
@jeffmwaura8273 4 жыл бұрын
good interview
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