Gold dropped like a rock today. Last time I looked it was down $108.
One hour??? I want fast answers, lol. I don’t have an hour right now. I should listen to the whole thing, BUT... Does he say anything about buy low sell high?
Today would be better than yesterday. LOL.
He’s not an investment professional, but he wants investors to know how to invest in gold and silver?
Words mean things, gold and silver are not investments by definition. That isn’t to say people can’t make a tidy profit. People can also lose their shirt.
Sometimes people will call gold a commodity. That is incorrect as well!
Gold trades on the currency desk. When people trade their dollars for gold, it is speculating in what is now a foreign currency for Americans. There isn’t anything “wrong” with this per se, but it sure as hell ain’t investing. I believe everyone should hold some gold as part of a diversified portfolio.
I think investing in brass and lead is a much more secure investment.
You can’t eat gold.
But with the right kind of brass and lead, you can feed yourself.
I have been looking for info on protecting assets in the event of hyperinflation. There does not appear to be a strategy that everyone agrees on. Gold, Silver, Treasury Inflation Protected Securities (TIPS), foreign currency, farmland, all have advocates and naysayers. Just like everything else.