gold news

 welcome to part two in my series on inflation this is where i tell you exactly what i'm doing to prepare myself for inflation and to protect my money hope you enjoy all right we're back after a brief intermission had to get some water keep yourselves hydrated everybody okay so where were we okay uh yeah now that we're all scared of our money burning up i can tell you what it is i'm doing i'm actually right now i'm converting a large part of the cash i have and i still make today into four specific assets we're going to smart from the start from the small budget and small savings kind of point of view okay and work our way up and we're starting with the asset that i actually started collecting more than 11 years ago and that's silver okay so if you're wondering if silver makes sense to buy in 2021 just take a look at this chart it shows the price of silver over time and like with most investments there are peaks and valleys and that's why it's key really not to invest all of your money at one time more on that in a moment so if we take the price of silver back in 1997 and compare it versus today you can see that not only would have you you have protected your cash savings in silver but you would have actually grown it okay because inflation has has really been so high there's so much uh money in the supply so if we adjust the price in 1997 considering inflate inflation you can see actually that silver appreciated since 1997 actually by 143 percent not bad and as silver is used more and more industrially for example maybe some of you know this maybe some of you don't know this but actually silver is a key component in solar panels the demand for physical silver as a result will undoubtedly increase over time and as demand increases the price also increases so now how i invest in silver is simple i set aside a budget and i do what's called dollar cost averaging i can't stress this enough listen to this part really with the budget i have i buy some small silver purchase i make i make some silver purchases a few times spread over the year okay and why do i do this i do it so if the price jumps up really high like it did if you look at the at the chart at 2011 2011 okay you can see it jumps up really high there for a very short period of time it doesn't create an overall loss for me because by splitting up my purchases what i do is i buy the average price for that year and over time i'm just buying the average price so if over the average over the long term the price is going up i benefit from that because i'm not buying it all at one time so remember this part be disciplined okay don't go out and take all your savings and buy you know whatever it is you want to buy all at once okay i would never do that from my perspective okay i think that's a bad idea so uh what's important also to keep in mind is the kind of silver you buy okay um again i'm giving you a glimpse into what what it is i do and when investing in silver what i always do is i avoid collector coins okay or silverware or weird stuff like this i see people saying oh yeah i bought some sterling silver from an estate sale or something this is something that i i avoid like the plague what i buy is that as i buy what's called bouillon boolean and i find it you can easily find it on google with a google search you can find dealers that are close to you they're all over the place okay and these are the exact three forms of silver uh that i buy i actually have them here prepared some of them here okay we'll start here okay it's okay you see this this is a this is a coin silver coin it's pretty bright hopefully hopefully you can see it okay so the first and favorite uh kind of bouillon so silver that i buy are coins okay they're easy to find from reputable dealers and remember reputable dealers people who have a good reputation the first thing you should buy before you buy the silver is by the person who's selling it to you okay that's super important they're affordable so if you know if you're just at the beginning of your career or something you're uh i know that's the way it was for me when i was at the beginning of my career it was very easy for me to buy these things and they're very easy to sell later on these kind of bullion coins these ones because they're issued and backed by governments okay so here's an example this is i said this is the silver american eagle this is one that i buy and another one that i buy this is called a maple leaf okay these are really great coins you can see there are numbers on them this one has 9999 that means it's 99.99 silver okay and these things are really great like i said easy to find from reputable dealers and very easy to sell later on if you want to liquidate right okay where are we uh okay yeah uh one thing i really want you guys to remember when buying silver really anything that's an investment you know you always have to pay a fee to the seller they have to pay their rent for you know wherever it is they store this stuff or whatever it is they have their business and the fee you'll pay on silver bullion coins is usually higher than on other forms of silver because of how recognizable they are and how easy really they are to to sell okay so when selling them back to a dealer also they will often offer you a little bit less under what the current price is this the spot price as it's called so whatever silver is selling for that day and again that's because they have to pay their bills all right so that's when when i buy bouillon coins i only buy them with the intention to keep them for a long time for a long period of time i'm not looking to do this to make a quick buck okay this is i'm trying to protect my money over period long periods of time okay so getting back to the to the types of silver i buy the second form of silver i buy are silver bars okay i have a silver bar with me right here you can see they're kind of cool have a silver bar all right the price above spot so or the official going rate uh is usually the the lowest so you pay like the lowest kind of provision for this type of silver okay so you really get the most bang for your buck with this that said from my experience they are not hard to sell some people say they're hard to sell in my experience they're not hard to sell um but it is important you pay attention to the producer of the bar okay some governments produce silver bars like the canadian mint uh they produce uh silver bars and they really have a great reputation i mean those things you have no problem you know finding them or maybe finding them but selling them you'd have no issue at all uh that said i put a link in the description below to a boolean directory uh where i checked the ratings and reviews for different dealers or private mints this one for example is issued by what's called emirates gold they had a five star rating um you can see this is silver 999 so this is 99.9 pure silver so you look at the the rating on there and it comes with there's a serial number on it when you buy a bar like this you also get a card to verify the serial number that's on your bar okay and now the last the last type of silver i have don't really buy it but i have our old coins made of silver okay these are these are dimes this is known kind of as a junk silver is what they call it so specifically i keep my eye out for american dimes all right produced before 1965 because they contain 90 silver so these ones with roosevelt on 1957 okay i don't necessarily recommend going you're out of uh your way i mean really you have to make your own mind up i don't recommend anything but when it comes to me i don't go out of my way to buy coins like this uh but if you find one make sure you you put it away somewhere safe you know pop it in your pocket don't spend it because it's 90 silver it's worth much more than a dime okay now we've considered silver pretty extensively we've talked a lot about silver so i want to quickly cover gold gold is another asset i have been buying for more than 11 years and the way i buy it and collect it it very similar to that is silver okay first i set aside a budget to buy gold and i spread my purchases over the year again i don't buy everything at once okay i buy the average price over time as again listen that's the safest way for me to do it because i ensure that over that long period of time i get a return because you don't know you never know i never know when the highs are going to be i never know when the lows are going to be you know if gold recently just hit above 2 000 an ounce i don't know how much higher it's gonna go i don't know if it's not going to take a break and dip down a bit you know over the next six months or so i don't know these things but that's why i buy it over time because i know that that the looking at the the long term over the horizon the only way forward is up as inflation increases okay all right now charts i love charts i love numbers okay so when looking at the return here we see that it too acts like silver even though right now we are experiencing all-time highs for gold as inflation is doing its job of destroying the value of money uh it's it's it's acting very much like silver and again this is just it just shows you how important it is and how important it's been for me to preserve my hard-earned money um by getting assets like this so when it comes to gold there are basically two types to buy okay you can get boolean coins and bars bullion coins and bars again i don't buy any of the collector stuff the rare coin this any i'm not interested in that because i'm interested in buying the gold at the lowest price possible uh jewelry although cool to wear i mean i don't treat that as a good investment for me personally okay the way i invest in gold again is i buy bouillon specifically coins and i specifically buy coins like this okay oh can you okay this is a canadian maple leaf one ounce of 99.99 gold it's recognizable very recognizable and very easy to sell in the future okay when purchasing coins there is one important thing to remember though okay not all coins are the same american eagle coins canadian maple leaf coins and australian kangaroo coins you guys can google all this stuff by the way that i'm saying you know like i said do your own research they're all very popular coins those three coins okay and they're all 100 pure vote or 99.99 pure gold okay there are however south african krugerrands also very popular okay this is what they look like okay you guys see that picture up there bring the picture up okay so uh they are 92 gold and they are good coins easily bought and sold absolutely have a fantastic reputation i personally i don't buy them i personally i don't buy them because i prefer to have pure gold coins i want as much bang for my buck as possible and i buy specifically the maple leafs because usually the the fee that you have to pay for a dealer is a little bit lower than what you pay on an american eagle but american eagles are all awesome coins yeah they're just i mean they're like the standard right so they're going to be a little more expensive all right when it comes to buying bars there are bars they vary in size from one gram all the way up to kilogram bars maybe even bigger i i really don't make purchases of gold header that big yeah so i'm not really experienced with the larger bars if you're looking for smaller bars i mean what i buy is i buy swiss gold um branded it's called pump swiss i'll put it in the description below so you can google it if you're interested in checking out what that is exactly uh pump suites i've had 20 gram bars of pump suites uh very recognizable again very easy to sell later on because it's a recognizable brand of gold it's known people know they can trust it okay so silver gold great we got it behind us now the exciting part this is the part i like i'm getting excited as we go on gotta keep it together so now we're gonna talk about bitcoin yes i buy bitcoin and i love bitcoin let me tell you why so bitcoin is like gold and silver in a way okay the supply doesn't increase dramatically over time like the supply of money like like really and in fact what i like most about bitcoin is that it is much more liquid than silver and gold much easier to buy and sell okay i can buy it and sell it from trusted exchanges in a matter of seconds i can divide one bitcoin into a hundred million satoshi's and send the one satoshi to a hundred million people if i had to do it okay i can't really do that with a with gold or a silver bar uh and the other thing is i can safely store it digitally right without the need of a safe uh or a bank safety deposit box it's easy for me to bring around yeah if i had you know kilo bars of gold which i don't but if i did you know it might be a bit cumbersome trying to travel around with them whereas having money in bitcoin uh it's very easy to travel around with and it's very easy to get it in different locations okay now i know what some of you are thinking didn't bitcoin just crash isn't it the end of bitcoin it's risky and elon musk we can destroy it overnight uh yeah the price of bitcoin has fallen from its all-time high this year and uh that's the truth but again that's why i don't buy all at once truth be told i did buy some bitcoin when the price was at its tippy top earlier this year uh like i said i don't know when the peaks and the you know when the highs and the lows are going to be but since i buy little parts of bitcoin over time the average price that i've actually paid for my bitcoin is really not that bad at all okay so let's take a look at bitcoin let's take a look at how bitcoin has performed over time as you can see bitcoin has those peaks and valleys but the overall direction over time is skewed upwards and that's what captured my interest in bitcoin now i see countries like el salvador adopting it as legal tender and i think wow the future has got to be really bright here in the sense that the adoption for bitcoin is below two percent of the world population today so if we're going to be living in a future where 50 60 of people are going to need to have bitcoin hold bitcoin try to procure themselves bitcoin well i want to hold bitcoin and i want to hold it right now uh and and and that's exactly why i buy it to protect myself against inflation convert my cash that's just gonna burn itself over time because of the uh the growing money supply and i converted into bitcoin uh also i look at what people who i think are smarter than me and better investors uh what are they doing uh billionaires like paul tudor jones kathy wood of arc invest michael saylor i mean you know a lot of people uh think of michael saylor just as this crazy bitcoin guy but this guy is like really uh a genius in financial strategy and you know all three of them see bitcoin as either a hedge to inflation that's coming because everybody sees inflation on the horizon everybody or actually in the case of michael saylor he sees it as the future of money and wealth preservation and it's hard for me to disagree i might not be a maximalist like him but i do think it's definitely going to play an important role in the future and in fact actually the argument that best convinces me to bitcoin and i heard it recently michael saylor was the one who said it and it's why i'm still investing in bitcoin and i'm still dollar cost averaging in i'm buying small pieces over time to get that average price of bitcoin over time and it's because of how the digital revolution it changed music books gaming dating you name it if i can have all of that on my mobile phone why wouldn't i also want to have some part of my wealth stored there to be able to easily transfer to different places should i need to do it okay of course i would want that i don't carry around compact discs anymore for music i don't carry around books to read i have everything i need in one place and why not my personal property or our wealth too and that was the question i heard michael saylor recently posed and it's a it's a darn good question right so i am confident that it will be one of the best ways to protect my money from inflation over time i will make another video about crypto and how i invest i don't only buy bitcoin but bitcoin of course is the majority of what i buy and i will give some price predictions in those later videos so really stay tuned for that hopefully a lot of you are going to be interested in seeing that and seeing my take and my numbers on how i break things down to um support the logic behind a lot of my um predictions so the grand finale my absolute favorite asset and the one that for me has been a sure bet every time i've made it and that's real estate now i know what you're thinking bald guy real estate is expensive i get it and in a hot market it might not make sense to buy i i get that i'm asking myself that same question right now but what i tell myself at the end of the day is that i i should treat real estate like all my other investments and slowly accumulate it over time that will be the best strategy to protect my money from inflation and benefit from the average increase in property prices over time okay so what kind of real estate do i like very simple answer i'm not a guy who owns hundreds of properties or is involved in high value real estate deals that's not me i'm just a regular bald guy okay what i like and what i've bought are things that i think will actually and always be in demand uh okay so so what is that exactly well i look at things in very simple terms all right i figure there will always be people who need somewhere to live on a budget makes sense i i i think that also fits right into the law that the lower the prices for something the more demand there will be for it okay we discussed kind of the opposite earlier so that's why the first property i like to to buy is a small single bedroom or studio apartments located in growing cities okay that last part's really important demographics have been shifting for the last several years people are moving from rural areas to big cities and which cities in any given country are the biggest winners are becoming very obvious right now so you can actually just just look at where the populations in whatever country it is you live in are are moving to those are the best bets to actually place right now from my point of view and i'm placing those bets so as population increases in a given geographical area the demand for housing naturally increases as well so the only logical thing that will happen is that the price of my real estate is going up over time that in itself protects me from inflation and from the properties i've owned i've totally protected myself from inflation uh now who is moving to these up-and-coming cities i'll tell you right now it's not my grandma and grandpa it's younger people who are just getting started or are students and they need something affordable that's why a six-bedroom house it doesn't fit the bill it doesn't cut it for me so i like small apartments because the people moving to the city are demanding exactly that and they will continue to demand it for years to come especially especially when they're located near public transportation hubs because these young people sometimes especially now uh are not driving a lot of young people are not getting driver's licenses like they used to so being close to a public transportation hub is also a major advantage okay so to wrap things up it's been long uh so i appreciate it if you've made it this far thank you so much higher rates of inflation are coming and they will be here to stay until some serious reforms are made on how we manage the supply of money some people are talking about deflation around the corner but deflation might just be a temporary correction to longer term inflation and that's the way i see it and that's why i invest my cash in the things that i invested into the things that i've presented to you today so please remember i am trying to protect myself and my savings from being inflated into nothing and and what i do to protect myself is that i buy assets the assets i like most are silver and gold bouillon remember i don't like collector coins i love bitcoin as a wealth preservation mechanism of the future i think it's fantastic and the future is so bright for bitcoin uh and more than anything i i love real estate i buy real estate it's the best um because it it's the best generator of passive income of those uh of those four assets that i mentioned there will be more detailed videos on each individual topic coming in the future so again please subscribe for more content uh and uh and and follow me and figure out how this bald guy makes money all right i wish you all the best take care stay tuned and see you in the next one bye