Consider This FIRST - Should You Store Your Cash In Gold?

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Information Consider This FIRST - Should You Store Your Cash In Gold?

Title	:	Consider This FIRST - Should You Store Your Cash In Gold?
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He's rightbrTime in the market > Timing the market
Comment from : @GT-tj1qg

Great explanation
Comment from : @KimKim-u6d

Cheers 🥃
Comment from : @christophermccormick8670

How about cash to gold now? I want to take my IRA and pay taxes and put in gold I’m old but want to pass it down to grand kids
Comment from : @stephaniealex1852

If you're taking inflation into account those losses are a whole lot worse
Comment from : @JohnSmith-er1ds

How do you sell it?brTaxes, capital gains?
Comment from : @stargazer5073

Done
Comment from : @jamesfarrell4929

You’re not considering a very important factorbrThe dollars you hold are being eaten by inflation at the rate of 15 annuallybrGold has a small profit for the year and we are all hoping that it will increase similarly to the way it did in the 70’s - 80’sbrDon’t think the dollar, what’s left of it, can defy gravity much longer but WILL loose at least 15 of its remaining value a year ( Shadow Stats)
Comment from : @CAPTAINACTION7

Your not losing money because gold and silver IS MONEY
Comment from : @chrismartinez8393

Number one risk: gold confiscation!!!
Comment from : @blindshiva2826

Yeah, 1 year makes no sense I just sold some property, I don't trust inflation, I got a lot of metal
Comment from : @mosilver1572

Why did the mint never mint a silver dollar size copper coin? Nowadays if we had a copper coin that size it would be used as a dollar coin I would like a copper coin like that to use in circulation
Comment from : @lamarravery4094

What about the stock market crashing? IRA’s? Isn’t long term gold/silver better- passing down to grandchildren? Especially if your already retired?
Comment from : @stephaniealex1852

You need smaller denominations of a cheaper metal for common barter transactions gold will be worth much much more by the time we switch to a barter system like that
Comment from : @michschep7601

Thank you for sharing, this helped me alot
Comment from : @dukenukemani07

Cash gold silver all essential Real estate any commodity other than the metals all essential to secure a solid retirement Never gambled in the market and never will
Comment from : @jamesfarrell4929

Is it a good idea for Americans to buy Sovereigns? Would it be a little more difficult to liquidate them on this side of the Pond as opposed to Eagles? I appreciate what you're doing and as always, forever endeavor my friend
Comment from : @jeremiah1059

I think we have a big downturn coming and it will hit everything Metals will get cheaper if you can get them
Comment from : @feelnrite

Cash on hand and cash in savings, to me, are a first line of defense Gold, right now for me is a little too rich, however, I buy silver every week and have been for over 5 years Precious metals, to me, are part of my Wealth Plan So, since cash is my first line of defense, my silver will be for generational wealth and when needed, a nuclear option when it is time to be on offense
Comment from : @adultingwithnudo9484

I live in Canada and unfortunately my government has proven they can't be trusted I have moved approx 10 of my net worth into Gold and Silver I plan on staying in metals for the long term and buying more because, once again, I do not trust my government
Comment from : @2007Lynx2007

3 to 5 spread??? What are you smoking?
Comment from : @jimross2101

"In One year you would have lost 15 of your cash" BUT Remember your loss of purchasing power during that time which is substantially more
Comment from : @Rob060870

We don’t have a crystal ball to see the effects of war …instability caused a huge swing…some people took advantage of that
Comment from : @patsypureheart3294

Tomorrow 6/6/22 ends the deadline putin gives to Russian people to sell to the government for 1500€ an ounce whatever gold they hide to their own home Maybe something happens this week I wait for three months for this day
Comment from : @billnoutsos

At the rate that cash is losing purchasing power, I feel that I can no longer hold it I have pulled over $23K out of a 401(k) and IRA this year already and have converted it
Comment from : @IndianOutlaw1870

I hold no gold but have been bullish on silver I first purchased silver eagles in 2018 when they were approximately $18 each and now that hold of silver eagles has ramped up to nearly $40 each From my perspective, I think silver has a far greater upside, at least in the short term, than gold I would be interested in a discussion around this topic
Comment from : @paulkenthanson

You've got to many comments 🤣🤣🤣 I reported as many of the spam bot comments as I could Have a good weekend!
Comment from : @teamSHTF

I buy gold because it's relatively liquid but at a certain point the minor hassle of selling it keeps me from buying things I don't need brbrI know I'm in a very lucky position, but savings account rates have been shit for a while and I don't want extra tens of thousands of dollars sitting in my checking account just waiting for me to feel like I should ball out Having my checking account relatively low makes me feel a sense of money urgency I otherwise wouldn't
Comment from : @AP-qu2li

crude oil production peak in 2010 brthe price of gold and silver grow or better say the dollar lose value by inflation brbri wish a have half of those coins
Comment from : @MrBardel4363

I didn't hear anything about Inflation affecting the The value of cash Is during the year
Comment from : @peterlamb2063

Feels lately like I am holding the bag on all of my assets Bitcoin/gold/silver/stocks all are down since I have been buying in them for the last 2 years Now I am down on them but I have not sold them so it is not a realized loss But I am still down on everything I invested into and I took the diversification approach Ironically to mitigate risk and hold good purchasing power However as I see the inflation of all goods/services have gone up but my investments for the last 6 months are performing poorly even my gold/silver is down during a high of inflation? What is going up? Everything I pay for and buy on a day to day basis What is going down is my investments I think the best investment right now is buying stuff in bulk hell buying gas a couple days earlier and filling the tank cause the prices keeps changing ever other day here Shot up 60 cents in the past two days
Comment from : @steakershocks

For small-timers with a 1 year hold period, consider I bonds with a yield of 962 currently, locked for 6 months Yes you forfeit 3 months interest for holding periods under 5 years, but it's a small penalty given current yield in relation to the banks Max of $10k per yr
Comment from : @affirmed_7835

Gold and silver are long-term savings only for me I actually plan to pass it all down to my kids, assuming I don't have a pretty dire financial emergency
Comment from : @affirmed_7835

Solid advice, keep the newbie’s out of trouble 🪙
Comment from : @chuckf3102

I would sell all of 2 is 1"s gold for cold hard cash Just kidding 2 is 1 I think it is good to have both gold and cash I would not convert all my cash into gold or all my gold into cash
Comment from : @goldmaple5290

I some ways Russia has done this now by holding a lot of thier money 💰 in gold they have even swapped dollars for gold I hear So let's see
Comment from : @dailyhacks4634

I'm actually in the process of buying 18 1/4 oz gold eagles from money we received from the sale of an income property I believe it's safer in gold right now versus in the bank or other markets that are in a bubble It's for long preservation or maybe to get back in real-estate once the bubble pops
Comment from : @jessefreeman7657

Anytime one of the precious metals is on sale and I have sideline cash or even investment money… I pick up as much as I can I don’t even give it a second thought
Comment from : @ivangaeta3663

Stacking gold for the long game Emergency funds already been set, got a stack of fiat in storage for "just-in-case" so any left over "play money" goes into growing the gold stack A few silvers I like to collect here and there, but it's all about the gold Got hypnotized by those Buffalosgotta build a stack of themhey, a new goal to set! Thanks for sharing "2 is 1"
Comment from : @MrBullay

The buying power of the dollar loses about 6 every year so there’s also that
Comment from : @DrummerJay74

I keep what most would consider to much disposable income as gold I'm not big into investing aside from a managed annuity My greatest asset is definitely my farm, but gold makes up almost 40 of my savings I'm ok with staying middle class and not taking part in other investments I don't need the extra stress in my life
Comment from : @okgroomer1966

Said it before and I'll say it again, I'm SO glad you don't have a myopic, doomsday outlook like so many other precious metals channels brbrI mention stocks, IRAs or 401k's on any other metals channel and I get flooded with so many "the sky is falling!" comments It gets old fast
Comment from : @superhereaux

Timely topic we were I The midst of deciding holding cash or converting to gold…thanks for the food for thought
Comment from : @tomrobinson2919

Gold is just insurance against a dollar crash for me My kids or theirs may have a drink on me
Comment from : @billm7035

🍺
Comment from : @pearleelife

Cash in the bank Not your cash but loaned to the bank who can suddenly decide they need to KEEP IT, or most of it
Comment from : @cynthiastogden7000

The economy is fragile at the moment Gold, Silver, Cash, Crypto, Stocks, Real estate are so unstable that they can not store value the only way to keep the money (easier said than done) is to invest in money making business or some numismatics almost everything is speculative right now THIS IS NOT A FINANCIAL ADVISE, DO YOU OWN RESEARCH AND DUE DILIGENCE!
Comment from : @adir_i

Great video! Thank you for sharing your reasonable perspective Your channel is an oasis of financial reason with no hype 😄 Best wishes to all! 🏝
Comment from : @michaelmccoy2847

I really appreciated this video! For anyone considering converting their cash to “gold,” would you ever consider using GLD, IAU or one of the goldminer ETFs like GDX? In theory, using GLD or IAU would remove the premium risk and using GDX or even GDXJ could add potential leverage to a cash-to-gold conversion brbr(I know goldbug purists will scoff and tell me paper gold isn’t real gold, but if you’re looking at a short-term conversion ie less than 5 years, maybe using ETFs is a less risky method?)
Comment from : @GetIrked

Solid advice! Long term!
Comment from : @72cmcinc

Love your videos, always on point
Comment from : @Nomofunny

Having good fortune doesn't always mean money But having lots of money requires a lot of responsibility I think the stats are in 2020 less than 01 of the population had the need to file estate tax returns In that case it's basically 55 cents on each dollar goes direct uncle sam Seems prudent for those in that situation, to have a micro fort Knox for themselves, something to hold on to and ultimately pass on Instead of keeping that amount of cash in the bank, exposing it to heavy taxation on an estate Enjoyed the video, never thought of PMS as a investment vehicle short-term long-term only if any but mostly just a preservation of wealth and capital a guard against Fiat dollars and inflation
Comment from : @sur-real3416

I only buy gold or silver for long term
Comment from : @fatbastard246

I'm confused, the price of gold increase 4 out of 5 years from 2018 to 2022, the only decrease in the price of gold was from 2021 to 2022 but you mentioned you would lose money 4 out of 5 years I think you meant you would make money 4 out 5 years since the price of gold increased year over year
Comment from : @vip_supercars3652

Off topic but when are you getting a Libertad? I just picked up a reverse proof gold libertad Only 500 were minted It's not for stacking but I'm sure you can afford to buy one libertad
Comment from : @vip_supercars3652

Meaning of lifebrbrLet us hear the conclusion of the whole matter: Fear God and keep His commandments, For this is man’s all For God will bring every work into judgment, Including every secret thing, Whether good or evilbrEcclesiastes 12:13‭-‬14 NKJV
Comment from : @briansmith7383

Gold is a long term life hold for mesaling in the short term a person will lose money because of premiums
Comment from : @633ohioc

Do the 1/4 eagles have the same missing reed security feature that the full ounces have?
Comment from : @youngrc212

1 week in cashbr1 month in silverbr1 year in goldbris a good goal imo
Comment from : @__hjg__2123

👍
Comment from : @robertkeating1899

My thought is that we're entering a bear stock market, and there will be some historic opportunities to buy things like S&P500 index funds in the next 12 months A cash reserve for that could be a wonderful thing, especially if you already own gold
Comment from : @robertm2663

Smashed “like” button #491 👊before having a Four Roses neat on the backyard deck 🥃brbrEnjoy the weekend! ☀️🎉
Comment from : @origamioutlaww5056

I don't plan to liquidate any of my precious metals until I'm retired I just make sure I have enough fiat to cover expenses If an unexpected emergency comes about I have other assets I can part was with
Comment from : @B29p

No You don't really "store your cash in gold" You store your cash in a safe underneath your floorboards
Comment from : @NefariousEnough

Hi, 2 I hold my gold I do not convert it back into cash All my gold older than three years is worth more than I paid for it At this point in time, banks do not pay much interest I have about a third of my savings in gold If it was my decision alone, I would double my percentage I would be comfortable doing that bTYU/b
Comment from : @donaldinnewmexico

Oh you were out on the lake this week, weren't you?
Comment from : @showmeyourkitties

I never want to churn my stack-which means selling gold to get cash for short term needs I have no credit cards I have to try to keep enough cash around to cover short term needs and emergency's Your answer for how much cash to keep around will vary
Comment from : @glenh4971

IMO, over time, gold is not as much about savings/investment as it is about insurance/uncertainty I pay for insurance for my health, house, car, etc I also "Pay" for my money insurance by buying gold These days, we all suffer from recency bias in that we all think that ultimately the dollar and US economy will be fine The only rational reason we think that though is because for our lifetimes, it has been fine Still almost everyone here knows that 100 (not 99) of all fiat currencies have eventually failed Also, almost everyone here knows in their bones that something is very very wrong (whether it's the economy, society, politics, etc or all of it) currently My advice to family and friends is to try and ignore their recency bias and buy some money insurance Right now is the right time-Not only is that insurance on sale, amazingly, people can buy that insurance even after they already know the house is on fire
Comment from : @randyrandall2148

👍
Comment from : @fromontario6954

Of course you should, it's the primary currency, gold is the only real $$
Comment from : @ColorOfMoney7

It all depends on circumstances I’m up 17 on gold since i started stacking last summer thanks to some great deals i got If i had saved the money instead i would be down Still keeps a month worth of expenses in i owe you notes, i feel that’s enough for me
Comment from : @MrBlue-dm5li

Why don`t you include inflation in these calculations?
Comment from : @darrelschroeder923

#1 reason I buy precious metals: I cannot save worth a damn Took 20 years to realize if it isn't taken out of income automatically for things like 401k or ROTH IRA, it gets spent
Comment from : @cairpreliffechair832

I'm happy enough to stick money into gold that I might need some day, but that some day is almost never in the foreseeable future I have made a "withdraw" from my gold holdings but that gold had been bought nearly a decade before Not exactly a fast turn around
Comment from : @TheQuickSilver101

Going by what some people say, if you have 10 years of food, and no debt, you should leave your cash in the bank to become worthless, as you can't eat gold and silverbrI am beginning to think, people who say you can't eat gold or silver, have no money to buy it with
Comment from : @Knife_Collector

Why didn't your friend just go long $GLD with a cheap OTM put if he has such a short time frame?
Comment from : @thomascrown

I’ve been pretty wrapped up in the doom & gloom surrounding the usd for the past couple of years last week I had lunch with some of our landscape contractors, immigrants mainly from central/South America They have a lot more confidence in the gringo dollar than most of us do, it’s got me rethinking some things-
Comment from : @zandersohn4283

Another great episode to start the morning to I love how you keep the channel true and brutally honest unlike a lot of pro gold or pro silver just talk about the hype and the good side , this is so important for people who are starting out to see before getting caught up in a hype and short term investment In my opinion you buy gold hoping to never have to sell it and ideally for it to go up substantially in value before and while your children inherent it Thank's for the great content and sharing your knowledge with everyone
Comment from : @itslaterthanyouthink87

What ever you have hold and watch and remember to - hang on :)
Comment from : @jdanielm5995

That's a great point I'm in a 2-3 year time horizon and on the fence as to whether I put cash into gold Not knowing much about PM performance relative to equity market crashes, I'm not confident that the metals tank along with stocks I'm hopeful that gold does present that buying opportunity
Comment from : @andyb8838

I converted cash to gold enough to keep us afloat for 6;months Working to one year Than I will hold cash in case the markets crash Than I want to invest stocks that pay dividends
Comment from : @MC--

👍
Comment from : @teamSHTF