The Experts Aren't Telling You This About The Dollar

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[@Hannahbenowitz]

It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately 350k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?

[@JosephineKenney]

Indeed, you are correct! Economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.

[@FinnBraylon]

This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolio

[@HildaBennet]

Hello, how did you handle it? I believe I require a pro after reading these comments

[@FinnBraylon]

Google Sonya Lee Mitchell and do your own research. She has portfolio management down to a science

[@HildaBennet]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@JefferyDuns]

The dollar is literally being destroyed / debased / devalued. People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?

[@sattler96]

truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors

[@PatrickLloyd-]

Yes, financial advisors can make a significant difference, especially in the current market. Stocks are quite volatile now, but with the right calculations and a good advisor, you can achieve substantial profits. That's the best protection against a recession.

[@PhilipDunk]

Who is this person guiding you and how can i reach he/she?

[@PatrickLloyd-]

I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Tracy Annette Webb" I've worked with her for some years and highly recommend her. Check if she meets your criteria.

[@PhilipDunk]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@kortyEdna825]

Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions

[@brucemichelle5689.]

Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through

[@carssimplified2195]

Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.

[@KaurKhangura]

once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..

[@carssimplified2195]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with ‘’Aileen Gertrude Tippy” for the last five years or so, and her returns have been pretty much amazing.

[@KaurKhangura]

I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.

[@Richardcarlett]

Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions

[@donna_martins]

Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through

[@Robert_Seaman]

Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.

[@Trevor_Morrow_LTD]

How can I reach this person?

[@Robert_Seaman]

'vivian jean wilhelm’ maintains an online presence. Just make a simple search for her name online.

[@Trevor_Morrow_LTD]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@nicolasbenson009]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[@Hectorkante]

If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

[@Jersderakerguoe]

you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

[@SandraDave.]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@Jersderakerguoe]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.

[@lucasanderson8993]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[@stevensmiddlemass2072]

Collapse is generous 1st time in our history with a full generation that wasn't taught financial literacy, civics, Google fixes their problems if their parents don't do it for them. Reckoning for participation trophies is incoming.

[@wellsHannahh]

Having an investment advisor is the best way to go about the financial market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.

[@alicegomez7232]

bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@wellsHannahh]

Amber Russell Bennett is the licensed CFP I use. Just research the name. You’d find necessary details to work with to set up an appointment

[@alicegomez7232]

Thank you for sharing, I must say, Amber appears to be very knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.

[@geoffmcarthy7314]

Dollars act like gold except in America …got it

[@cultleader3572]

Right even France said US Treasury bonds weren't worth holding anymore

[@StoicInsightsTube]

Gold>Dollar in evreywhere but it is not easy to sell gold

[@StoicInsightsTube]

I live in africa and we know gold is better but it is not easy to sell

[@muhammadhafizudinidris1592]

I live in asean Malaysia, we here value gold, but weight more than 5gram is harder to sell due to high price, u need to go to jewellery dealer or bank and only be paid at spot price

[@fernmoss-456]

Yeah, if you are American you want to hold gold not dollars.

[@gazoo7411]

George, a very nice , academic exercise in circular logic - you should work for the Fed. Curious how ALL central banks are buying GOLD, with their dollars. Comparing relative strength of fiat currency, is like comparing two morons, and asking who is the smartest. George, I would happily accept your gold and silver-anytime- for goods or services............

[@adrianaybar7483]

George you’re so in depth in your analysis that you’re completely disregarding a simple variable. Those other nations you are speaking about are even more reckless than the US when it comes to their monetary policies which is causing the US dollar to increase in strength when compared to them. If the dollar was truly gaining strength, the goods and services we are buying in the US would be getting cheaper… they are not.

[@dentaloouch9464]

yeah...dollar will never collapse... our currency is betterer....said a Roman Soldier.. all fiat fails. we can be sure of that

[@StoicInsightsTube]

no no those mega rich companies want a weak dollar so they can get richer

[@StoicInsightsTube]

it is a race to the bottom all over the world and we ppl are losing

[@JM-vf8tk]

Goods and services being cheaper have nothing to do with the USD and everything to do with the U.S. outsourcing their industrial plant over the last 50 plus years. If the U.S. is able to re-industrialize over the next couple of decades along with the help of Mexico and Canada then the price of goods and services will eventually come down.

[@adrianaybar7483]

@@JM-vf8tk so you’re saying outsourcing has caused our dollar to weaken within our borders? Because that’s exactly my point. Notice how China wasn’t on the list of countries on the white board? And how India was flat?

[@greyballer1671]

You make a good point. Until the dollar crashes. Then my local grocery owner will take gold or silver. Right now, he doesn't know anything about gold or silver.

[@therealcirclea762]

There are those in rural areas now who will accept it for exchange for everything from several gallons of milk to a side of beef.

[@OrbTheCritic]

I predict that the digital dollar will be revalued once it comes out. Silver may make a comeback in retail trade, but Gold won't--at least at the micro-level.

[@Nonduality]

Don't they check to see if the gold is real? And what percentage of the spot price will they give you? I can see where it's more likely they'd accept silver coins and give a fair exchange.

[@rrajan5476]

Haha . What % of Americans have Gold otger than wedding rings?

[@JohnJohnCrusher]

So what? You have to hold your life savings in dollars then? Dude, hold your savings in gold, then convert what you need for that month or so into dollars, and spend that. Wtf

[@lincoln-tser]

I'm mostly in cash and waiting for this market to re-level on the reality of our situation. Or are there any ways I can avoid a crunch and maximize my savings of $350k?

[@wellsHannahh]

In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at the worth of your portfolio, you should consider financial advisory

[@NotyourBusiness-urto6]

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@MrGravity304]

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

[@NotyourBusiness-urto6]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AMBER KAY WRIGHT” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@MiddleclassAmerican-7220]

I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@billwashington2014]

George, you forgot to mention that the government created "legal tender" laws in the United States. That's the only reason why gold and silver coin isn't currently used as lawful money. Regardless, Article I Section 10 says that only gold and silver coin shall be money for the payment of any debt. That's according to the Supreme Law of the Land and anything to the contrary, notwithstanding (Article VI).

[@nigewoy]

When the dollar finally becomes worthless, people will soon work out how to trade in silver and gold. They've done it before, for eons, they'll do it again, regardless of what the government may or may not think.

[@belkismorales152]

What Constitution? Because it is not the Supreme Law in the USA lately…

[@FrmTheFlmzIRise]

Those other countries have been sold on the dollar. They got suckered into it too. In time they will realize metals are the real money. Just give it time, it’s coming. The dollar keeps declining, gold is increasing and is doing so while being suppressed. Gold has been money for thousands of years, the dollar can’t compete.

[@bepnds]

Dollar is going down in gold. All the currencies are going down in gold. The dollar is falling the slowest. Right in front of your eyes George.

[@JFEnterprize]

Then it’s price will rocket up

[@geoffmcarthy7314]

Yes but dollars act like gold except in America

[@dznuts123]

lol. Yet, the standards of living continue to decline in the US, while the standards of living and quality of life continue to rise in other countries. Have you traveled overseas? Ooof.

[@andrewkerr5296]

​@@dznuts123 Are you for real? You haven't travelled much have you lol

[@Nibble339]

Whats really matters is the liquidity.. gold is not as liquid as $$

[@alexmarshall8894]

George Gammon the great fiat bull😂

[@EroticOnion23]

He's an agent of the Federal Reserve lol...😆

[@joetheox1202]

It's about time one of his videos was correct.

[@info88w11]

gets his commission paid in gold not USD

[@basiltheboxer]

Gold in Brazil real over that same period has gone up 533% vs usd appreciation of 284%

[@johndombeck955]

But George's point is that you can't trade your physical gold on a commodities market. You need to sell it to a person. And if even coin dealers only give you 50% of the spot price, you're 533% becomes 266% (less whatever premium you paid to buy it, and your time and effort to find someone to sell it to). USD ends up being a better (and a substantially more liquid) store of value.

[@basiltheboxer]

@@johndombeck955 yup it was definitely one of the points he was making. However, if ur highlighting bazillion stats he should talk about the liquidity of gold at present in that market

[@nathancullen9919]

Which is why there are gold ETFs

[@unacceptablebilly1689]

That’s why prices in the states are dropping and gold is getting cheaper. I had it all wrong all along.

[@fernmoss-456]

LOL

[@Happy369sol]

This video sucks and thought 💭 George would give a macro view of what's going on he basically is saying get out of USA 🇺🇸 and enjoy the domination of the dollar 💵 nothing to worry about here the dollar is the best place to save your money 😂do you have any banks that I should save my U.S. dollars 💵 in I was thinking Bank of America 😂

[@11Bravo84]

Third world countries always get it right 😂

[@pogo_369]

it's because your gov laundering money through wars in ukr and isrl

[@devinfraserashpole4753]

@@Happy369sol He has a point. Earning dollars and living in a "3rd world country" will make sure that you live like a king. The same goes for the Pound & Euro.

[@1kings1918]

If only the central banks buying tons of gold had seen this video first.

[@jmanakajosh9354]

It really is to bad for them. They're going to fall into disarray. Especially when Trump puts tariffs on your ass. Good luck with your shiny metal & starving populations.

[@fernmoss-456]

😂

[@annelove3626]

Great content! as the world crisis progresses the smartest thing people do lately is building a strong investment that isn’t controlled by the government. Like digital currencies.

[@burrinch5142]

Thank so much for the advice do you recommend any professional ?

[@annelove3626]

I don’t really do but luckily Anna Dorris Arthur is the best I can recommend so far..

[@rigorocks23]

Forget the dollar. My savings is in precious metals

[@josho6038]

Lmfao...u are going to get creamed

[@davidzoller9617]

I live in Indonesia, and I use both. Imo, going all in just one thing is always risky. Should there be a severe recession coming, cash will be king, just because you need cash to buy things, and most people wont have any.

[@josho6038]

@@davidzoller9617 not to mention that when the actual bank runs come, the kabal is going to close all the ATMs and bank windows and force u to use a digital currency that they can manipulate forevermore

[@penponds]

That’s great you have that “store of value “ in precious metals. You just have to be sure that when you need to pay your taxes / rent / mortgage / fuel / food from those savings that your creditors will accept those precious metals. I don’t think they will! So you need to be sure you can get someone to buy those precious metals and pay you in a currency you can use to pay your creditors and providers of goods & services!

[@LiberatedMind1]

@@penponds You sell the metals silly.

[@fallonmassey4714]

*You're massively confused! Gold is NOT used as a medium of exchange, so your exercise makes no sense!* Gold is the universal Converter! *If you have Gold, you can get the fiat of your choice anywhere in the world!* In short, Gold allows you to get the BEST medium of exchange in all situations. *Finally, it is important to know what the fiat currency is backed by, and ours is getting a bit weak!*

[@JohnJohnCrusher]

Exactly. Is he stupid? Or just being hardheaded by choice to pretend to be stupid? Wtf

[@George-nn8ui]

Gold should not need to be converted into fiat., same with silver., the paper is not backed by anything except a military force.

[@rolandobasmayor5744]

Same with what I thought. It is a commodity. Why will be exchanged as money even in Argentina? Especially if you just buy a popsicle lol

[@LibraryChoice]

This video will age well 😂

[@unacceptablebilly1689]

That’s why prices in the states are dropping and gold is getting cheaper. I had it all wrong all along.

[@shadowbanned4days]

?

[@thinktankindi2664]

??? Gold getting cheaper? 😅

[@micamclachlan]

@@thinktankindi2664 @shadowbanned4days your autism can't see the scarcasm

[@4hartrich]

And after what we did to Russia why would anyone want long term savings in US bonds

[@idontcare9797]

​@JudsonWallace-ll1rbTether needs them as collateral

[@nomadundercover3018]

Because virtually every country in the civilised world agrees with US policy on the matter, and many did the same by freezing Russian owned assets in their countries, too. Plus, most countries aren't planning on invading their neighbours.

[@petermil00]

@@nomadundercover3018 how naive. BRICs countries are hoarding gold. Such sanctions weren’t applied in WW2. Weaponising the USD is a big mistake.

[@slashblog]

@@nomadundercover3018 LOL what a joke!

[@nomadundercover3018]

@@slashblog How much in Russian roubles or Chinese yuan do you own? Do you measure your wealth in dollars or other currencies?

[@FGTBOGSAT]

The 10-year treasury yield says USD currency risk is rising.

[@uyduruydur21]

George, people dont accept Gold because they think it may be fake. Its not easy to figure it out for ordinary people. Otherwise, everybody knows Gold is money.

[@4eyefoxbodyfanclub625]

I agree and I am Argentine. Argentina is a nation with a wise guy mindset, that is part of the reason it is in the situation it is in right now. Everyone prides screwing over the next guy. The store owners want gold but does not know how to tell if George is offering a real gold coin or fake one. So they prefer to take the dollar. If the dollars are fake, it don't matter, the next guy won't know and will take them.

[@uyduruydur21]

@@4eyefoxbodyfanclub625 Absolutely, this is what I am talking about.People prefer to buy gold from the stores not from each other to prevent getting ripped off.

[@spenchlish42]

If only there was some sort of immutable, verifiable/trustless, open source and decentralized, perhaps even digital, asset that can be used instead but alas I know not of one

[@George-nn8ui]

Just has to be tested., it’s an element on the periodic table.

[@ericmckenna4793]

Sorry George I don't live in Brazil I live in here in the good old U.S., so according to the country I live in the dollar is a lot weaker

[@tatersquad2000]

George's trip spooked him into the warm embrace of the USD 💲💲

[@fillmorehillmore8239]

I agreed until I put in the risk on sanctions. The USD has been weaponized to the point that I dont want it.

[@josho6038]

Only the digital fugazi dollars...they can't weaponize physical currency or they are dead

[@dznuts123]

George, you can’t just cheery pick examples to fit your narrative. Go visit East Asia. Your narrative breaks down on its own.

[@jmanakajosh9354]

Don't be part of the anti-Ameroca party. It's full of loosers.

[@gentronseven]

they don't accept gold anywhere in the world

[@OrbTheCritic]

Yes visit East Asia. See how many common people are buying gold and silver. Ask Andy Schectman...he is as wise as George.

[@chrislemieux2747]

Nobody fucking uses as a medium of exchange. enough already

[@naapsuvaimne740]

CHINA WILL TAKE OVER , only matter of time

[@LG-tw5vm]

You do realize very few people possess the proper equipment to determine if the gold is real right? THAT is the reason why it was difficult to use.

[@resourcefulgirl]

I think you're right. When other acceptable currencies are still viable why risk taking George's gold?

[@EdAckley-j5v]

George is just too lazy to find a proper point of exchange for his gold. Trust me, you go to a foreign country, there are places to sell gold for local currency.

[@bloodycrepe]

​@@EdAckley-j5vtrust me, bruh

[@johnnylogan5927]

But the fiat isn't real either and everyone takes it.

[@davidstasiowski6728]

That’s true, but you do take a hit on the spread between spot and sale price. Where I live, outside the US it’s roughly 15% from spot you lose buy or sell both in banks & pawn shops. Pawns actually can be even worse if you don’t speak the local language…

[@123man371]

The guy should be a politician he will get tons of Americans to vote for him

[@Rdo_ss]

We do have a local bar and the owner told me if I pay with silver it was worth double spot price. So $25 silver is worth $50

[@jakcough]

It’s called bidenomics folks, c’mon man

[@eh7599]

Trump as well. Trump caused more damage than anyone by far!

[@CharlieBam]

Trump did the covid super stimulus and flushed 10 trillion into the economy combined with super low rates. Biden is unbearably bad but Trump shouldn't get a free pass. He set the table for all of this. He's a new deal Democrat populist not a conservative at all

[@richardlove4287]

People will need to start pricing everything in Troy ounces if they want to get the real world value on things.

[@unacceptablebilly1689]

I really don’t follow this George. Why don’t you compare the dollar to goods and services in the USA? And how do you explain gold hitting all time highs? Obviously the dollar is loosing value. Just not as much as the currency’s you are comparing it to.

[@renaudadorno]

When you comment without watching the whole video

[@kimeccleston5586]

Does Brent Johnson know you're talking like this? He would high five you for sure.

[@LawlessNate]

Here's something I'd like to know. Could $1 buy the same amount of goods and services today in these other countries as it did 40-50 years ago? The answer is undoubtedly "no". Looking at the past 10 years of data and trying to extrapolate into the long term future isn't wise.

[@jmanakajosh9354]

50 years ago there was no modern microchips. So yes, you can buy MORE with $1 today then you could then. Hell half the shit you buy now didn't exist then.

[@MikeyDiL]

​@jmanakajosh9354 that's actually an excellent point. Even an app like KZbin which gives you access to any song at any time, for free, not to mention all the other content. Technology, by definition, is deflationary. It eventually drives the cost of everything to zero. Go ahead and list how many tangible things that have been replaced by the cell phone alone.

[@LawlessNate]

@@jmanakajosh9354 50 years ago there was bread, gasoline, day labor, toothpaste, etc. In these things that actually existed 50 years ago, you cannot buy as much today with $1 as you could back then.

[@craigbrison4241]

@@jmanakajosh9354 good god... 🤦‍♀🤦‍♀

[@kenb5279]

Soooooo. All is well ? Then is it time to shut down your channel?

[@fernmoss-456]

😂😢

[@scienceevolves4417]

Nahhhh It's just gammon talking shyte as per usual 😅

[@4eyefoxbodyfanclub625]

Its just Gammon getting paid to shill disinformation.

[@raymond_sycamore]

I love spending my Friday night with a good whiteboard video!

[@bno5357]

In Asia that is not a valid conclusion. They like (liked?) dollar but gold is better for store of value. FIAT has not that characteristic. Sorry I disagree 100%

[@utube7917]

The dollar is not a durable store of value. What does a nickel buy in 1913? What does a nickel buy today in Argentina? What George is trying to wrap his head around here is the milkshake theory, where the dollar is drinking up Argentina's peso value. The peso is falling while the dollar is going up locally. As Brent Johnson says, the dollar may go up in value short term, but it is still going to fail, because it is a fiat currency and not money... just not failing yet. The dollar will fail last.

[@mattsenica5227]

Perfectly said, but when is the question

[@utube7917]

@mattsenica5227 I know your question is rhetorical. Obviously we don't know when. Most people, including myself, never thought it would take this long. The eurodollar system and banking in general is way more complicated than I could have ever comprehended before and even today, I still try to wrap my head around all of the plumbing.

[@robertthong1926]

Hypothetically, if in 1971 my grandma buried an ounce of gold in a box together with USD38 (the purchase price) in her back garden, and her grand child was lucky to unearth it in 2024, the gold is worth $2100. And that $30 ? That would buy a dinner!

[@utube7917]

@@robertthong1926 gold is worth 2,400 per ounce today

[@craigbrison4241]

See Weimar Republic Marks for an example. The gold standard in 1921. Toilet paper in 1922.

[@seraajregal4663]

The data in your video is solid and no one is saying the change will happen in the next nano second as you correctly allude to but the sentiment of the dollar being the eternal source of storage is changing rapidly and like a swizz cheese model for change.... It's only a matter of time for the holes to all line up

[@craigbrison4241]

It will be sudden and violent just like the Weimar mark...

[@billschlafly4107]

Most businesses aren't accepting gold? Therefore gold's not a money? Gold might not be for every day purchases anymore, but gold is far more stable than the dollar. If I had a rental property, I would accept gold in exchange for rent. In fact, I'd prefer it because of the hair cut you mentioned.

[@Sylviatini]

GOLD is a safe haven now because high risk geo political factor in middle east war and inflation risk. GOLD can keep value of your wealth.

[@SaladHate]

According to San Francisco locals, meth is store of value

[@scottosborne8735]

What is collateral in a system where everything is debt?

[@diversityhobbit]

Dollar will become CBDC

[@lucaswilliams1598]

Illuminati dollar will be used to usher in the beast system and the mark of the beast. This is it for sure, never been a better time to believe in Jesus sacrifice on the cross for the forgiveness of sins.

[@aaronwhite7404]

keep buying those bonds George, looking like a damned fool when you could have bought gold and made multiples

[@stevehall9256]

If your dollar delusions cause you to starve, that's your business. Spreading faulty logic is damaging others

[@jmanakajosh9354]

People eat food not gold. Food they buy in dollars. Food made with trackers sold in dollars. Tractors running off diesel sold in dollars.

[@stevehall9256]

@@jmanakajosh9354 not for much longer. Wise up

[@therealcirclea762]

@@jmanakajosh9354 You absolutely can find farmers and ranchers who will be happy to exchange for PMs.... you know...where the REAL market dwells. This idea of "valuable fiat" is a pure delusion of two things: US Global Hegemony through Reserve Status (We flooded the system with unsupported fiat) A misunderstanding of the difference between enforced utility (fiat) and actual utility ("store of value.") But if that seems too "meh", how about this? If "nobody wants my gold" what "store of value" does it possess?

[@matthewthurn]

Agreed. This was a disgracefully misleading video.

[@jeremydean6210]

@@matthewthurnwhat was misleading?

[@robertbass974]

I live in the USA,where there are at least 16 coin shops where I can sell a coin or two and pay for most any thing I need!

[@MarkDavis-hu1bw]

Thanks for the tip, I'll go and buy my gold in Argentina. 😅

[@4eyefoxbodyfanclub625]

Spot on!

[@VolatileVix]

Gold isn't a good medium of exchange (now) because the world moved away from a commodity backed monetary system. Best way to understand this is... well read Lyn Alden's Book, Broken Money lol. So yeah, Go USD.... Go Fiat. I have to wash my mouth out with soap now. One thing to always have in the back of your mind. Fiat ALWAYS fails, eventually. But for now, Yo-Joe (enjoy it while it lasts).

[@vastvessel996]

the U$ dollar is the cleanest dirty shirt in the hamper that is on fire...

[@royshaft]

Gold is king . Dollar will be toilet paper . Everyone will have to suffer .

[@devinfraserashpole4753]

That's history, it always repeats itself. This has happened before and it will happen again.

[@valerieprice1745]

The dollar has already collapsed against stocks and real estate.

[@terrybaikie2181]

George has changed sides...might still have time to get the jab George!😂

[@4eyefoxbodyfanclub625]

Take your boosters Goerge, uncle sugars really cares about you.😂😂😂

[@hotrod639]

I can pay my rent- including water ,power, and propane with silver! Just not food,! I live in a RV! I'm sure it probably won't work every where else! Over 20 usa states are bringing the metal's back! Just saying

[@robertcrotty9000]

The reason you would want a gold-backed currency is that it would restrict governments from printing currency by decree, thereby controlling inflation. In fact, it might actually be slightly deflationary.

[@MikeyDiL]

It would be massively deflationary...which is a problem for growth

[@craigbrison4241]

@@MikeyDiL only if you view inflation as growth. Jesus Christ people are idiots.

[@charlesfuchs]

Na, IM VERY BULLISH. Waite couple more years lol

[@carelthijsse7890]

Argentina is a very bad indicator

[@f_ba]

"USD the cleanest shirt in the laundry".. based on what? Because if we look at GBP, EUR, CHF.. they look stronger than USD on an exchange rate basis. What am i missing?

[@shadowbanned4days]

My bartender still loves usd

[@KeithWhittingham]

What's missing from this analysis is looking at 'international items' - things that have a more-or-less constant value across the globe. For example food prices may vary greatly but what about the price of a new laptop? Or oil? Or a BMW? People do buy gold in ARG and they pay the global price. If there were people selling gold at half price I'd be down there right now with a fistful of dollars. But they are not. Arbitrage is a bigger truth than either death or taxes.

[@edwarddiaz1130]

Somewhere Peter Schiff’s brain is turning to confetti 😂

[@JFEnterprize]

I think it’s in Wilton, CT least it’s one of his homes.

[@belovedsandworm]

Dollar Confetti

[@flinch622]

"Medium of exchange" relies solely on agreement, and exists on a case by case basis: textbook rules and professors get us nowhere. The calculaion on a proposed exchange is where does it go next? No answer or vision regarding that means no perceived liquidity, which means a proposed trade hears "no"..

[@kerrybarnes7289]

dont be Stupid

[@luffebassen]

I would want a gold back currency and i would LOVE to have my country leader being just like Putin! So your point in the end falls flat on its face. The reason you want a currency gold backed, is to prevent the usual suspects from turning it into monopoly money.

[@TheIvanChoi]

I can agree with George, if gold goes up to even 5000/oz or more, it will be useless unless you can convert them to dollars. It will be useless for the real world. I do own gold and silver but have to have dollars as well

[@splagyetsi3287]

As a gold investor, this dollar argument makes sense. The USD is currency but also a medium of exchange. Gold can be a medium of exchange if it backs a national currency. A gold backed BRICS currency is still a valid idea.

[@LuckystrikeNQ]

Even better for a foreigner: Holding gold and watch both the dollar and gold going up alot, compared to the local currency.

[@matkmalcolm9233]

This is all false!!!! The fact is that you need more US dollars to buy more goods in the US. And even though the US dollar increased in value compared to other world currencies. You still need to have more US dollars to buy let’s say a house in a different country,so even though you have better spending power than people in other countries you still need more US dollar now than you needed 5yrs ago.

[@andregagnon7044]

People are ditching the Euro in trade and accelerating the use of Dollars! The charts speak for them selves! DXY go up versus all other currencies! Dollar Milkshake

[@Happy369sol]

Great video George do you think if you would travel thru Central America and ask the store clerk hey I got these 10 year T bills 💵 if they refuse I guess that is a indication of there true value also how many Americans are benefiting from from living abroad smh terrible one sided view of from mister Macro I still follow your channel but this video is not to informative or ground breaking I understand your perspective but your basically saying keep your dollars and live abroad to the American public 😂

[@PawPawMountain]

Yep, that's the key, (Until), we have a change in currency! ie. CBDC

[@anne48503]

I'm suspect because you didn't use the yuan... China is a huge competitor to the USA... let's compare them.

[@SaadmaanShohid]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

[@sakuracriticacorreooficial6907]

The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.

[@ambinelson]

I'm new at this, please how can I reach her?

[@stephaniebeddis8069]

Most people are retiring this year and has nothing to show for. But I assure you it's never late to get your financial life together again.. All thanks to Charlotte Grace Miller for I and my family

[@SaadmaanShohid]

she's mostly on Instagrams, using the user name

[@repkechr]

What you are actually showing is that the officially measured inflation rate is wrong in other countries too. Because you can’t have oil go from $40/b to $90/b and think that the $ has gained value in any country. Your premise rests on the assumption that their inflation rate is accurate. Oil is showing you that it is not.

[@scottstankis69]

If you're in the usa the dollar is falling. Most people don't give a crap what it's doing around the rest of the world. Everything I buy is getting more expensive. There is no debate..

[@craigbrison4241]

Nobody living here gives a flying fuck about Brazil, Argentina, Bum Fuck Egypt, what's it doing here? This is the Weimar Republic all over again.

[@StoicInsightsTube]

as someone who live in Tunisia I can say george is right If I saved dollars in 2010 I can buy same stuff or more now

[@EdAckley-j5v]

BUT, if you would have purchased gold with your dollars, you would be even wealthier. Against OTHER CURRENCIES the dollar shines. Against HARD ASSETS it lacks staying power.

[@StoicInsightsTube]

@@EdAckley-j5v I was being sarcastic even If I saved dollar I won't buy the same stuff or more but with gold I can

[@StoicInsightsTube]

@@EdAckley-j5v george dosen't know the real inflation rate and just pick the rate gov provide

[@StoicInsightsTube]

@@EdAckley-j5v I was joking with my comment gold is the real store of value

[@StoicInsightsTube]

my c**ment got r**oved

[@kennethli8]

The end of the US dollar claim have existed for over 50 years. If the dollar collapses, that are plenty of other things much worse that have already happened. All these claims make me laugh.

[@CalimehChelonia]

The dollar still works well enough in everyday life and maintains purchasing power abroad better than other paper currencies. But that is not an argument against gold. You can exchange your gold for the local currency anywhere in the world. I don't understand what the problem is. The only advantage of paper currencies is that it can be exchanged more conveniently and quickly than gold coins. That's it!

[@davidlanham99]

Every one of you insulting or laughing at the man are not explaining how he’s wrong.

[@VainakhQuranites]

They’re not articulate enough to do that. 😂

[@aliasjones6381]

My dude, the strawmen Gammon erected, already rhetorically and logically shredded Gammon to pieces. It's impressive to lose to your own straw man arguments but he did it.

[@bubbagump6961]

Interesting, but faulty logic. If you need to purchase, you simply sell a gold coin for local currency before you travel.

[@chapagawa]

Absolutely agree. Living in Japan now with US accounts too. Not only has the $ purchasing power gone up by 30%+ (100 yen => 150 yen), but with the higher level of inflation in the US, statistically salaries have increased by double digits plus compared to Japan, so you have more dollars from higher wages and Japan is stuck in low yen growth/ no growth, so you are doing even better with $s. Overall you probably doubled your purchasing power with $s over the last 20 years, thus impoverishing the Japanese consumer due to poor politician leadership in Japan.

[@curtis.albrecht.79]

On March 21st, the Philippine Peso was 56.03 to the Dollar. Today, it is 57.57 to the Dollar. I don't know what America is doing. But, I hope that they keep doing it. 🤣🤣🤣

[@luffebassen]

Poor political leadership in Japan, because they are just doing what they are being told to do by the country that totally controls them....can you guess who?

[@chapagawa]

⁠Actially Japan is writing the playbook Western nations in terms of injecting liquify into the system and companies.

[@Lee86THUNDER]

I'll store my wealth in pm's. They arent liquid but you know youre allowed to exchange them for dollars right?

[@kekoa1843]

My SHTF strategerey: Gold in reserve, silver coins for bartering in increments down to dimes, bullion & junk. Silver for food & incidentals in rural, post-collapse markets; gold for big things.

[@larrydewein]

Agreed! My sentiments exactly!!

[@battleofarmageddon1366]

do this math. gold has doubled in price since 2016. Simple simon math.

[@prbmax]

If everyone owned an equal amount of gold, everyone would have less than an ounce of gold.

[@joefuentes2977]

Yeah I heard gold was rare or something

[@silasbullard831]

​@@kiltedsasquatch3693What is rhodium good for?

[@JFEnterprize]

Yea but isn’t this based on every human in the world. 😮😢 I wanna know about 2nd and 1st world people. Not some people who can’t afford to even buy a bottle of water

[@dentaloouch9464]

@@JFEnterprize exactly.... as for rhodium... rhodium and maybe uranium...try to keep it at home we will see what happens

[@jmanakajosh9354]

We all have something better than gold it's called a cell phone. Data, technology & energy are the gold of the 21st Century.

[@MoeM-ue5he]

Youre assuming that prices in Brazil didn’t increase either, just because the dollar is 5.39x a Brazil Real doesn’t mean the prices in Brazil didn’t skyrocket and adjust to that inflation

[@bobleib737]

Cut it out GG,those poor people in South America putting their trust in Federal Reserves Notes are financially doomed.

[@josho6038]

Wanna bet?

[@bobleib737]

@josho6038 Gitty up,ill bet you a billion Bolivars

[@craigbrison4241]

@@josho6038 Si...

[@iishirkerii9540]

Love you George and I greatly appreciate your opinion. However, redo this video after the upcoming recession and the Fed prints to solve the problem. If 1.5 trillion in CRE loans are coming due, just imagine what else goes along with it. Small businesses are suffering and employees can’t afford their livelihood

[@micamclachlan]

I don't understand the evaluation here where people don't accept gold. It only makes sense for a cashier to decline gold for a miniscule trade. Unless they themselves collect gold the effort for them to sell this gold is not worth it. I am not going to disrupt my work operations to accommodate for another unless I am financially rewarded enough to warrant doing so. Throughout Asia even on small islands there has been 3+ Gold stores. Entire Arab region there are Gold stores/Jewelry stores everywhere where you sell the gold. Europe, jewelry stores & gold exchanges. Maybe North Korea and Antarctica you wouldn't find one You just go to someone who accepts gold prior to buying candy from a corner store....

[@smity25ca]

I was in Qatar and the UAE and they have Gold everywhere 🤷🏻‍♂️

[@josephpurdy8390]

If you have debt priced in dollars, and the USA places sanctions on your nation. You are in a world of hurt. I also know a local butcher that accepts gold as payment.

[@davidhemsted5372]

How about gold currency defined as gold credit recorded in the ledger of a financial entity?

[@tepelena9]

Dollar is weak wen exchange with Albania lek. Can you explain.

[@cultleader3572]

This dude is paid by the Fed

[@protox4]

He's suing the Fed, why would they pay him?

[@holaclive]

What counts is the dollar in relation to gold. Since Nixon closed the gold window in 1971 its fallen 98 percent against gold. It may go up and down against fiat currencies, but the true picture is against gold

[@SephiaSkiesChannel]

if you are holding dollar for years and convert it to local currency, any gains from foreign exchange could potentially be subject to income tax depending on the circumstances and amounts involved. saying it's a store of value is oversimplification of things.

[@BJDOnline]

George highlights the greatest weakness of the American inability to view the world beyond its own boarders. A major advantage George has is living outside the US and this video is a perfect example. Well done George.

[@craigbrison4241]

Considering most of our sorry asses are stuck here yeah who gives a flying fuck.

[@PaulyC11373]

So based on your experience in Argentina, gold is not a medium of exchange. Try getting dollars for gold at your local government subsidized public housing project. You will get 100% haircut. At least you get 50% in Argentina. Gold is money. Fiat currency went from gold-backed to just a derivative of gold.

[@IvanaC.Official]

🧐there are NO DOLLARS in BOLIVIA… 🇧🇴… we can not even cash out the payments in dollars at western union.🤔

[@4eyefoxbodyfanclub625]

That is because Bolivians still believe white man bad.😂😂😂 Blame the Spanish conquistadors for that.

[@anneinfurna8528]

Anyone heard about the gold mountain in Ecuador?