Why We Buy Gold: The Secret Wealthy Investors Learned from History

Gold is often referred to as a store of wealth, but what does that mean? Gold is not just a shiny metal but a powerhouse against government spending, hyperinflation, and currency collapse. Discover why gold stands tall as the ultimate hedge in today's unpredictable financial landscape in today’s video.
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[@gitadaily88]

Hyperinflation is happening live now in Argentina, Venezuela, Zimbabwe, etc. This is a scary realities of the currency we are holding right now.

[@user-pj1gb9sx2h]

Excellent report, please keep it up. Possibly a future report on platinum or palladium?

[@coincollectingfun]

Big like 150 and subscribed! Excellent video and thank you so much for sharing!

[@jadenephrite]

Regarding 2:34, Giesecke+Devrient was the German company that printed the infamous hyper inflated banknotes for the Weimar Republic during 1923. Eighty-five years later in 2008, Giesecke+Devrient was the same German company that also printed the infamous hyper inflated $100 Trillion banknotes for Zimbabwe. On September 13, 1968, Giesecke+Devrient patented the invention of incorporating an integrated circuit chip into a plastic credit card. Regarding 6:44, the analogy of gold's purchasing power being a preservation of wealth goes back further than 2,000 years. This was because in ancient Rome, a gentleman's toga cost around an ounce of gold. Today a tailored suit for a gentleman also costs around an ounce of gold. The price of gold rose to to its highest price ever of $2,135.39 per troy ounce on December 3, 2023. However, the Federal Reserve Board still uses its archaic price of gold at an absurdly low of merely $42.22 per troy ounce since February 12, 1973.

[@WTU208]

7:36 - that is a good sized stack right there IMHO.

[@hugohabicht9957]

Extremely well explained. All currencies and assets should be valued against gold

[@danielbbq]

I'm 2/3s through, When Money Dies. It is fascinating and should be remembered and planned for.

[@tharinduvitharana]

Great explanation... Printed money is not real wealth...

[@yassma977]

i currently have 60oz of gold, is it enough ?

[@iggy5347]

No. Its not enough. You need 10 000 oz of gold

[@dieuetmondroithonisoitquim338]

"just a little bit more..."

[@kylebrooks4147]

I want gold not as collateral, but used as a down payment.

[@ThaRealDeejayThaBarber]

Thank you✊🏾✌🏾

[@blankstares4355]

I bought a steak at the grocery store a few days ago. it was $19.47/pound. So about $15 for a single steak. just a few years ago i could have got a nice steak dinner in a decent old fashioned family restaurant with sald bar included for around $20.

[@ZoomedOut2020]

Real money held in one’s own digits on your hand is the only original digital money…

[@lepton31415]

If you want gold, buy silver.

[@apmex]

Someone is trading the gold to silver ratio I see

[@lepton31415]

@@apmex at circa 90:1 ? you got that right! what a steal 😎

[@23DanielVincent]

Why?

[@DWMurry]

Accurate.

[@XavierClerc-g5t]

Did anyone catch that there was a quick flash video of Bitcoin and Eth?

[@LibertyAndUnion]

Nobody knows how precious metals would perform after a post nuclear WW3.

[@danielbbq]

Just last month (12/23) inflation was 148% in Argentina. Is it a lie that it's closer to 50% in the US? I don't think so.

[@superstar5123]

What was the first Coin or Bar of Gold you purchased?

[@christianwitness]

Well-done. Yhvh bless you; in the name of Yeshua.

[@IanThecrackerstacker]

Free gold giveaway🎉

[@choosiewhoo1700]

On a long term basis, gold always appreciate while all fiat currencies always depreciate to zero !

[@bobbiecrider6964]

👍👍

[@tomtharos4440]

I’m not a financial advisor and this is not financial advice. First Majestic (AG), Endeavour Silver (EXK) and Fortuna Silver (FSM) can all be bought without paying a broker fee. You can buy as little as 1 share. If silver goes to $30 and gold to $2,300, at their current stock price levels (Jan 26, 2024), these companies will 5x. You will also see significant rises in Sprott Physical Trusts PSLV, CEF and SPPP. If you want to play platinum, there is Anglo American Platinum (ANGPY), paying a 4% dividend. These are not the micro caps losers pumped on KZbin by Silver Slayer, Silver Dragons, Silver Oceans and Lynette Zang. ANGPY, AG and FSM are billion dollar companies. EXK is a $300 million company. So instead of buying physical silver, gold or platinum, buy shares of AG, ANGPY, CEF, EXK, FSM, PSLV and/or SPPP instead. I’m not being paid to suggest these companies. I do own shares in each.

[@LIIAMRAAJKA]

All of the companies you mention are micro caps with massive risk. How can you compare physical gold and silver to a Ponzi scheme with inherent counter party risk. Bad advice.

[@purplepenguin1024]

Joebiden is a GENIUS