Choices on making and saving money.

[jgon01]

Awesome video, You did a great job explaining it all, look forward to checking out your other videos! Take care ;)

[MarkMillionaireGuru]

Hello davincij15

I have to admit I am very impressed with the quality of your videos here on youtube.

They are certainly a pleasure to watch as I do enjoy them.

I am sure there is many others who also feel the same about your videos.

Mark McCulloch

[davincij15]

Thanks!

[JohnBigBootay]

Trade the dollar for gold and silver while you can. I have a bad feeling it won't be worth *&it in two years.

[Zone963]

I make things simple I just spend all of my money, not used for food, electric,etc.... on silver and sometimes when I have been drinking on gold. Right now I am pushing close to 50% of my take home paycheck being exchanged for metal

[davincij15]

You must be Chinese, only they have such discipline.

[kkalayaan]

awesome video...thanks again for your keen insights!

[Brainman94]

Good idea leaving the Ron Paul 2008 posters up - it will remind people of the opportunity they passed up when the Esstablishment puppet Obama destroys the standard of living!

[veriappelsiini]

I wonder why saving money to stock markets is gambling... It is risk taking but I wouldn't call it gambling since companies make profit and pay a share of their profits to investors.

[davincij15]

Name a company in the USA that pays a dividend to share holders that is greater than 7.6% THE REAL inflation rate and greater than the 12% to cover taxes on the dividend?

If you do not invest in a company that does not provide you an income that above what you lose in taxes and inflation you are gambling.

You are betting on asset appreciation not a companies ability to make money to pay you the owner.

[veriappelsiini]

I don't know the U.S. stock markets well enough to name a companies but if there is inflation, also the stock markets goes up.

The best companies don't pay dividend at all since they reinvest their profits and thus makes the stock price to go up.

The idea of stock is to have (more or less) permanent return for the rest of your life, so stock markets are for investors and gold for savers because gold don't bring you any cash flow.

[artdeco101010]

Watch that cash flow - its been flowing the wrong way lately...

[veriappelsiini]

When I mentioned investing in stocks I meant investing the same way as Warren Buffet does.

Historically, stock markets outperforms all the investment classes because companies behind the stocks create new wealth for shareholders.

[davincij15]

Actually that's a Myth. if you purchased one share of the DOW in 1907 for $20 you would have $8000 today is what they will tell you.

No one talks about purchasing power and taxes.

In that time if you excluded taxes 2 times in the last 100+ years your purchasing power would have been brought back to where it was in 1907 even though you had more dollars. lol People forget it's what you can buy that matters.

Point is there are decades when it's good to invest and when its not.

[veriappelsiini]

Let's consider your example: 20 USD in 1907 was equivalent of 20/35 oz of gold because you needed 35 USD to buy an ounce of gold.

Today, the gold price is 1 000 USD/oz so the purchasing power of 1907's 20 USD is the same as the purchasing power of 571 USD today ( (20/35)*1000 ). So, in real terms, the stock returns have been 8000/571*100%= 1 401%.

Unfortunately I am not aware of the tax regulations of USA so I cannot take my seat on this.

[davincij15]

For one your data is incorrect, your assertion can still be debated.

Gold was 20 per ounce in 1907 and was repriced in 1935 by FDR to $35 after the gold confiscation.

But that's irrelevant to your main argument.

So lets debate this if you don't mind. See my next comment.

[veriappelsiini]

I agree that on some points it is better to have cash (paper + gold) heavily, But in normal conditions stock markets outperforms the cash or commodities since the stock markets give you the real return - gold is just a hedge against inflation.

[genovesecl]

Stocks wont continue to go up like that ever again. You have very few middle class people left to support the credit enslavement. They say you need money to retire and people can't save a dime how will they invest?THE ABSOLUTE ONLY WAY TO FIX THE PROBLEM IS HAVING A POPULATION SPIKE AND PUTTING ALL THOSE PEOPLE IN ENERGY AND FOOD JOBS. They will clear out the overheads in daily costs for the middle class and increase money flow. You then will add another level to the pyramind.

[davincij15]

I think we do agree, there is a time for stock, a time for currency, a time for bonds and a time for real money such as gold and silver.

The problem is knowing what time it is. :)

With that said gold will only make you rich when governments print to much. Thus all the other times it will do what it always does. Maintain purchasing power!

For most people that's not enough they want more. That's fine, but I know what I want, it's to have enough. Period. Gold provides me with that.

[genovesecl]

Thats why when you win a lottery they offer to pay you in installments instead of lump sums. They can pay you a deflated winning over time. Inflation is inevitable and that is the only truth to investment. Stocks and Real Estate are both BS. Unless you are buying farmland!

[genovesecl]

And investing cycles are coinciding with population growth and job force growth. Middle class cant afford to have kids anymore. People waiting till over 30 to have kids. There will be no one to pay for the social security Ponzi when my 35 year old butt gets ready to retire. Retire at 65 and then work at Walmart till 85 can't wait. Maybe I can find a nice Walmart by the beach somewhere to work. Or maybe they will have Walmart plastic housing too!

[kryogenikz]

Davincij15 you tell em!!! Great points man 5 star once again. Your one of the most consistant on youtube man. Keep up the good work.

[davincij15]

Thanks, check out my latest comments. I was up all night long researching the topic of my next video. It's the answer to this...

"They shall cast their silver in the streets, and their gold shall be removed" ezekiel 7:19

[Mahalalel3]

Griffin has also got a cd out on the Creature From Jekyll Island for those not into reading. The read is good and the cd is good. Find it at Reality Zone.

[sarahsgift1]

Excellent video! Thanks for posting!

[dojufitz]

Have you seen Nookiboi's Silver vid?

Is he gonna win your price?

[lloydmer]

I haven't read Creature from Jekyll Island, but I'm half way through another book on the Fed and central banking system that is quite good. It's called Web of Debt by Ellen Hodgson Brown and one can read the 1st chapter at her website.  I always wondered why they didn't teach us about money mechanics in school. I guess because central banking is such a scam and they (the elite) would like to keep it a secret!!

[MelodicNightmare]

This is a great book on the subject. Another book I read that touches this subject is Rich Dad Poor Dad book by Mike Maloney on precious metals.

[davincij15]

Yeah I am mad about that but government schools are not going to teach you the truth. That's treason in an empire of lies.

[satinbarbi]

Don't forget Paltinum and pallidium.

[davincij15]

They are not monetary metals. They will get dragged up in price but not as much as gold and silver.

[satinbarbi]

Thank you. I took the advice to heart and picked up ten ounces of silver today.

[cmstyz]

One of the reasons we have no Gold/Silver standard is because savers are actually rewarded when they save Gold and Silver.

Fiat currency allows the Gov/Fed to keep the value of our money down through inflation, but G/S standard currency wouldn't just store value, it would rise in value.

So all who save under a G/S standard would become more wealthy over time.

Limited supply is often mentioned as a reason to not have a G/S standard by the powers that be and it's a shame that people believe it.

[tradergee1]

that's true and Limited supply is the point. It keeps a ceiling on money supply inflation. Hard to hang people when you have no rope to throw to them.

[cowboycarl04]

Not the best of interviews because it's Stephen Colbert, but he interviewed the head editor of Newsweek, talking about Keynesian economics and Bush and Obama.

The guy at Newsweek stated simply the only way for us to survive is to spend and borrow. He started to brag out this, but Colbert interrupted with "so to save the economy, we need another massive bubble and that Bush's actions after 9/11 were Keynesian to save the economy but helped cause this mess.....

[cowboycarl04]

That we are in right now? "

The guy from Newsweek completely agreed. Colbert then went on to ask "well do you owe Bush an apology for his actions during his presidency in which you agree on, yet ridiculed him?"

The interviewer said that he did owe Bush an apology, but quickly changed the subject.

I find it amazing that Colbert can be a better interviewer than the MSM. It shows how pathetic some media outlets have truly become.

[davincij15]

Sweet I would of loved to see that! Jokes.

[KhmerD0g]

May will be an interesting month.

[Y3rMawm]

TG1 - this would be deflationary if debt was not pyramided upon this debt created out of thin air. When you buy assets on leverage, you are screwed if those assets fall in price. The only way out is BK, or hope the govt inflates.

What is really illegal is the Fed buying any debt not back by the full faith, and credit of the US Gubmint.

[PlatinumGordon]

Its all roses when the cycle starts, everyone borrowing, no one can loose, eveyone makes monty, but as the money has to be borrowed exponentially to keep the bull shit scheme going, it is not possible, then comes the end of the business cycle, where forclosure is common.

[PlatinumGordon]

ALSO - what if eveyone agreed not to borrow a single cent, the whole dept ridden currency would fail - oh - hand on the goverment would then borrow for us and spend it into existence. THen we have to pay taxes to pay for the interest, we are screwed either way.

[genovesecl]

I've always thought that but couldn't put it together.  It's like all these smart financial advisors say save your money and invest. But if we all start saving and investing the GoV will just start growing and spending for us. No way to win. Best thing I think anyone can do is BUY AMERICAN and refuse to do likewise as much as possible. And grow your own food.

[IIIJHUSSLEIII]

Great vid Davincij

[budb11]

Why do we pay interest when we borrow money from a bank? Couldn't the government set up a system of institutions to loan money to credit worthy ciitzens without interest? You know, just to add liquidity to the system? What does the Federal Reserve really add to the equation in terms of what's good for the middle class borrower? No games, no frills just currency borrowed and currency paid back without interest.

[davincij15]

Yes that is a successful model that was tried before but the constitution outlawed it for good reason.

It can and will be corrupted by men seeking to do so.

[genovesecl]

You ever looked into those social lending websites?

[PlatinumGordon]

We used to have this in Australia called the COMMONWEALTH BANK. It was privatised by one of our evil leaders Paul KEATING (who became prime minister. What you said can be done, however the evil in in control.

[GoldSilver588]

Thanks for the video. One question I always have though is if the banks are able to print money out of thin air, they would never fail. Everytime they're in trouble, just print the money, why would they fail then? The fact is, the banks are not printing the money as we thought, instead they create credit and that becomes a liability on their balance sheet. If no one is borrowing, the banks' privilege of "printing money" no longer exists.

[davincij15]

After the great depression a lot of rules where put into place to prevent them from going buck wild.

Also a loan is called an asset not a liability to a bank a deposit is a liability not an asset. A failed loan becomes a liability.

A loan sold to the Federal Reserve becomes a liability because it must be taken back at some point just like a deposit is a liability.

Banks can't loan to themselves it's illegal. They fail when there is not enough cash to operate. That takes a lot of screw ups.

[boots920]

So 3 weeks ago the Federal Reserve bought 1.2 trillion of its own debt. Its illegal but they do it anyways. That's why you got to own silver and gold. The idiots are showing their hand.

Not many people are awake.

[genovesecl]

Fed is not supposed to be a bank, they are THE BANK

[boots920]

A bank, more like Mafia, like Tony Soprano finding a cool way to make trillions.

Counterfeiting money, the founding fathers put the death penalty in place just in case any politician got any bright ideas about screwing with "We the people", L.B fcker took it off the books as soon as JFK was sleepin with the fishes.

[tradergee1]

The way I understand it money originates its existence as debt from the federal reserve bank. The gov't then borrows this money and issues treasury bonds to the federal reserve. The gov't gives the money to the banks who loan it out. Then the borrower has to pay interest on this debt. So the interest pulls additional money out of the money supply putting a deflationary pressure on the economy which has to be counteracted by more money being created by the federal reserve.

[PlatinumGordon]

That is exactly right, which then causes the so called, "business cycle" the game of musical chairs, where a number of sheople get caught out the the deflation starts.

[genovesecl]

YAY musical money. Its like hot potato just make that cash change hands as many times as possible before it gets back to zero the the GOV gets paid! over and over and over.

[boots920]

Kinda bad when one country is doing it like Iceland and Zimbabwe but they''re isolated. When the good ol USA is doing it, well right now I see that final scene in the Good, the bad and the Ugly. Who's going to draw first (dump their worthless paper). I don't go to horror movies anymore, I just have to watch the daily debacles of the US administration.

[davincij15]

Banks create money out of nothing when you take out a loan. That money gets destroyed when you pay back the principle. But you also have to pay interest and there is not enough money in the world to pay all debts back.

Example the is no money and you take out a loan for $100 and you must pay $110 well their is only $100 in the world.

[SilverWealth23]

Great video and words worth there weight in Gold Or Silver : )

[YKAEYA]

your a smart man, have you looked into the freeman, strawman?

[davincij15]

No send me some information on it.

[boots920]

I got to admit it took me 30 plus years before I figured it out.

This has me convinced !

1971 Gold 35/oz

2009 Gold 900 US/oz

Gold is the canary , when it starts chirping its time to take notice. The thing that's got me terrified is how fast gold is going up in value. Down the road you need gold in order to be able to eat.

[IIIJHUSSLEIII]

That's why you should invest in Silver!!

[GoldSilver588]

Well, silver was around $4 in 1971. It only increased about 300% in almost 40 years. Now you go figure if that's a good investment.

[boots920]

But its not really an "investment", although silver has got to be the most undervalued commodity on the planet.

It preserves your purchasing power, that's why gold and silver must be money. Its the only way to protect a free and independent citizen from the printing press.

[GoldSilver588]

I don't think Silver has preserved value or purchasing power if you really look into the historical prices of the silver in last 40 years. I understand it may have been undervalued whatsoever, but the question is whether or not it will bounce to where it should be. There have been reasons Silver didn't come up, and I believe it's not only because of the 40 years of manipulation! Silver dream may only be a dream after all....

[boots920]

1477 Silver valued in today's dollar's - $850 US

Don't mean to come across as off the wall but the way I see it , its been manipulated down for hundred of years. Silver could become just as valuable as gold.  Pure speculation, but at these prices its too good of a deal to pass up. Its strange though the coin shop 's going through stagflation.

Not much comes in, not much goes out...really strange.

[davincij15]

Silver maintained it purchasing power against commodities only over the past 40 years.

[davincij15]

Gold and silver is not an investment it's money.

[boots920]

Look at a 600 year chart on silver, its got to be the most undervalued commodity in history. It well might keep above fiat money inflation when it kicks in.

They're using "fiat silver" to manipulate the price, $500 per oz and beyond.

[davincij15]

That is an amazing chart I have seen it.

[boots920]

What the chart tells me is the silver as a commodity might have been manipulated for 600 years. Its hard to get one's head wrapped around that. Silver Certificates (fiat silver)

yea the banks will pay you paper to settle but what's good is paper money in an hyper-inflationary environment. I turned some in the bank defaulted a bar selection, they advertise that they have it, but they don't. Lots of people are going to get burned.

[DavidAKZ]

Yet the price of physical Au/Ag is being driven down by the fiat currency right ?

[davincij15]

No many factors are driving the price down at this moment in item. The biggest factor is manipulation bar none.

Thus real money is going on sale and it's time to save. When it's higher it's time to spend, because everything got cheaper.