Gold & Armageddon: Conclusion Part 2

[Celestiaetterra]

Gold is nothing but an instrument of exchange for the sake of convenience in a controlled market. What will you exchange gold for when the whole economy collapses? For currency? LOL If you had a ton of grains, would you exchange that for a ton of gold? For what? It's really that simple.

[rajcasino]

This guy  for real?

[RGoofus]

Good insight. Value is a very subjective thing and people tend to get very emotional when ideas are challenged. You've helped me find some flaws in my own thinking and I thank you for being here!

[RGoofus]

You've done a good job of expressing my discomfort with "holding" metal in case of a doomsday eventuality. The essential point of the issue is this: What is truly valuable? Thanks for bringing clarity and insight out of a very clamorous subject.

[readmuch]

Gold will not save us, it's value will drop as soon as the dollar does because of it's natural value. based on man hrs. it takes to remove it from the earth. It's value currently only reflects the collapse of the (debt instrument/promise to pay note to the IMF) value. Currency of the future should be dirt then we'll all be rich. That's my proposal!

Investor's want your wallet that's the name of the game.

Would you get Hard Metal or paper promise of holdings?

[braingain1]

Superb

[MrSilverEye]

when the dollar collapses, the desire of millions of people will shift from FRN's and flat screen TV's to precious metals and food, and there won't be enough of the latter to go around or they won't be able to afford it either way. the purchasing power of gold will go up from the demand for it, not because of a nominal increase priced in dollars. a lot of people will demand it, but few will be able to get their hands on it.

[Seano71]

Silver is rarer than gold now by a ratio of 6/10 I've heard. When ppl realise this it could rise to a higher price than gold. Far better investment

[January132005]

To answer your question, "yes, 5 oz of gold IS alot." Right now, its about $6500.00 which can feed my family for six months, or allow us to travel to a safe spot. Are you thinking that gold is the path to retirement? If so, you are alone. Gold bugs do not think of it as retirement but insurance. Funny thing is that you think hyperinflation will make that 5 oz worth less. The logic is perfectly backwards. Gold holds its value and shines during hyperinflation.

[jaideepbs]

any idea

[lokir]

Some interesting comments

[keitheeds]

harry - i have gold and silver but i'd rather have a stable economical future - the uncertainty of what's up the road for family, friends and all of the societies of the world is unsettling - dealing with the suffering of unjust wars, unemployment, financial loss, overpopulation, a decaying planet, and the realization that things are only going to get worse makes owning gold/silver an act of futility - the struggle, within these economic times, will not be solved by gold and silver!

[HighlyDelusional]

couldnt agree with you more...

[ewffaces7]

My first investment is GOD

Seek for wisdom in the ocean of knowledge.

If you want to think outside the box of the bible, you will never have peace against the will of God.

My second investment is GOLD and SILVER and it will not be my only store of value in the worst case scenario... because I have stored food and water to survive for at least 7 years.

That's right : you don't want to sell your gold and silver being desperate for food !!!

[NeoConfucionist]

The more I watch these vids, the more reasons I find to buy gold.

Maybe that was Growby's plan, to make us realize by ourselves why gold is such a good investment.

[BlacksAreBeautiful]

list a few!

[seadog92023]

You had a long day! ( too much thinking)

Get back in your cage and get some rest.

YOU BAD MONKEY!

[optisoft11]

If you hold 1 gold coin and 1000+ people dont own 1 gold coin then yes, you are quite rich. same holds for silver. check my channel for truths

[veritasfiles]

I agree with your comment about it being difficult to liquidate your gold in a collapse environment, but again, that's why I keep bringing you back to the fact that most people that I'm aware aren't thinking about or planning to use Gold as their only strategy. That's simplistic and nonsensical, so again, who are you talking to? I hope you feel better soon. I disagree with you, and i can't say I like seeing you badmouth the people who are commenting, but I'm looking forward to new vids.

[veritasfiles]

I don't expect my gold or my silver to buy a lot more than what I purchased it for. I'm simply looking for it to hold "SOME VALUE" when fiat paper currency is pretty much worthless. It's insurance, not salvation. And frankly, like I've said, I don't know anyone who's looking at it like that.  No 10 ounces isn't a lot, and 100 ounces of silver isn't a lot either. The strategy isn't flawed unless you're expecting to live off of 10 ounces of Gold. CONT'D

[seadog92023]

Harry aka Monkey,

Very poor video. I give you: 1 Banana

For your efforts. It's a sad state of affairs that you have to give things away to keep subscribers and to keep friends.

Good luck with the tree swinging and banana gathering. You Monkey!

[khjstephano]

History repeats itself and the world is not like you think. You do not have opended mind and I call you hipocrite. DO NOT INSULT TO YOUR COMMENTATORS even if they insult you or do not agree with you. because someone just tests you telling you bad to check what kind person you are, and you lost already.

[khjstephano]

I was more than this guy, I bet you I believed USA more than this guy thinking our country is best and superpower with justice in the world, I got mad when someone tells worng about it. but I realized most of all later and it was so hard to understand, simply I could not believe it. That's why I tell you are clueless and I do not blame you, because outthere are more. WAKE UP AMERICA! I could not understand this frase but now.

[integritylens]

fact 5 friend not all are in metals for the short term so why sell now anyway you said it yourself people have less the five ounces of gold realistically what are they losing I don't see gold dropping below 800 in the next 3 years

[integritylens]

are we their yet lolLots of people will except gold if the dollar is worthless that's a fact. Second fact I don't own any gold anymore and I still root for it...seeing how silver follows it around fact three...fact four gold and silver have been currency in the past.

[khjstephano]

It' sad, this guy totally brain washed by mainstream medias and he is clueless on US economy behind scene by bankers and big corporations in US.

[1mealperday]

agreed!

[Growby10]

dude. you're a no-face coward.. hiding behind the internet. were your parents so ugly that forced the malformed and disgusting son of a bitch to hide like a little bitch? so your face and let's debate.

you're a waste of human flesh.

[seadog92023]

The Chimpanzee has spoken! And once again wasted our time. Folks it's time to unsubscribe! Good luck and best wishes you monkey!

[Growby10]

ooh. u must have really rattled those rock for brains to come up w/ that one LOL! your MO as a critisizing little bitch is still perfectly intact!

please don't EVEN try to use logic or facts to argue w/ anything i said...

well..i dare you...try.. so we me can all get a good laugh at the infamous moron...SEADOG!

[integritylens]

lol shit crazy in here today harry

[Growby10]

i know! I love it! LOL!

[whong819]

harry, i understand your points and you are trying to play devil advocate here.. BUT... at least you have something left with gold or silver if the total collapse is happening. honestly, I dont want this to happen.. but assume the status quo policies staying put, the system will be imploded 1 day. instead of trying to beat the market, people should realize capital preservation is the key in this crisis.

[1mealperday]

100%. good common sense ,well spoken

[Growby10]

i've been buying..trading since it broke 1100..but unlike this animals in the form of humans..i'm cool headed and ready for the exit....which can be several years..or maybe never!

but, just look at these fools...the all think they know so much b/c they can count to to 10.

many stupidity is painful..and i'm sure most of these fool will be hurting sooner than later.

and YES...capital preservation is key..i've always said that..but even before we can preserve capital..

[4rcane]

I always thought of you as a gold trader, but your recent video is very puzzling. You basic points are, gold is a lousy investment, don't buy gold, gold can be stolen, confiscated by government and expensive and untradable during worst case scenario. So what do you do with your own wealth? YOU TRADE GOLD!!! (face in hand) So why are you attacking other people's intelligence for doing EXACTLY what you're doing. You leap the the conclusion that ppl didn't go through the various scenario you did

[Growby10]

yes i trade gold. mainly ETF and spot. but not physical gold. those how buy gold at $1000 and if it doubles..u can only make a maximum of 100%. if you are disciplined... that same 100% move can make you 5X or 10X as much spot and ETF. and for now...I don' think these markets will disappear.

but, if u still think that my main focus was attacking gold. you're mistaken.

thanks for your continued comments!

[4rcane]

Your main focus seem to be preoccupied with attacking other ppl's intelligence while elevating your own. Am I wrong? :)

[Growby10]

you know what they say about those who argues w/ fools..LOL =)

i got to lay off that..but it's frustrating to deal w/ such closed minded people.

[Growby10]

we need to preserve an open mind.

u know..they are not call masses..and sheeple for a reason =)

[vsaldanas]

to harry.-Least then 1% of americas own gold and silver bullion. Ten ounces of gold is alot. Most americas dont even have $12,000.00 is the bank harry.

[Growby10]

and why are all this jackasses all over the gold/silver train...when they don't own shit...they don't even own 1/2 a brain!

i'm sick of this morons...=)

[foolcow1976]

This isn't an argument against owning gold, it's an argument against owning or doing anything.

I'd like to stage a production of Hamlet, but that would put me in a minority and I might get beat up. Screw that idea!

The reasoning is silly, and you could have expressed it in 1% of the time you actually took up.

[Growby10]

i don't argue w/ rocks. so i'm going to skip you.

unless u can attack one of my points...please keep your simpleton things you call thoughts...but i call brain drool...to your lilltle-whining-bitch-self

[foolcow1976]

I can't really attack any of your so-called "points" because you didn't say anything. There's nothing there to attack.

Perhaps one day you will realize that there is a difference between arrogance and intelligence. Bye.

[willey611]

yes I have about a years worth of gold and silver to extend my way of life. now being and older person it might last 3 months. because I'm at the top of the pecking order. everybodies situation is not like a youngster like you.

[HighlyDelusional]

agree with your logic overall, but 2 comments:

1. owning gold doesnt preclude owning other assets and proper preparations. you seem to repeatedly imply that people who own gold seem to have no other plan or assets.

2. since food is more imminently valuable in a crisis, your logic would suggest we should not own stores of food, since it might be stolen?

should we not plan because our best efforts may fail? gold is one of many tools, not the entire toolbox.

[681observer]

paper cups...lol,...lol. i got the feeln the bubble will burst...i'm hopin it goes to 10,000-15,000 at least.but hey, dont know the value of a good paper cup.i dont feel to good tho, cause i have bail out all my friends and family,who all think i'm crazy...lol...lol

[stellaconcepts]

sheesh mate... honestly. this video series was a waste of my time. 30 vids to tell us that if you own gold you might get beat up by those who have nothing? that was the big reason? thats why gold is a bad investment?

annoyed that i wasted my time on these vids mate...

[Growby10]

i just don't like signing to the chore ...like u do mate.

please to tell me where my logic..or lack of...needs to be adjusted?

i wish it were as simple as print money = devalue dollar = gold paradise = we all live happily ever after

[stellaconcepts]

If I do argue this video it will be in video form... but to be honest these videos are so long winded and your thoughts so far from historic precedence that i wonder if it will be worth my time.

some good points that are important in the vid - but at the end of the day - your pretty much bagging the only asset class that will hold up in the form of money. at least thats what im hearing... which goes against every historic precedence of h-inflation

[Growby10]

i'm bagging brain-off or worst..brain dead thinking.

i like to keep things simple too my friend. and historically...choose a asset, an investment..anything. and the masses...which these fools represent always LOSE.

they think they know...but, greed, stupidity..hubris, etc. will get them in the end. and U know what...it should.

otherwise..where would we winners do w/ out..the LOSERS.

All i wanted to do is give an different point-of-view..and u see how i get attacked.

Cheers mate!

[stellaconcepts]

your right - i do come across harsh - its nothing personal - im Mediterranean so im passionate by nature about the things I believe in.

harry, gold is money - not an investment.

it is THE only protection about fiat currencies. its not about greed.

GOLD is MONEY

GOLD is MONEY

very simple. when you look at it like that - can you ever lose?

If gold goes does it means inflation has gone down and your purchasing power is still intact.

Think less about nominal values. they mean little.

[Growby10]

i'm not thinking nominal values. but RELATIVE values. and the fact that other items AND SKILLS, etc. may very much appreciate more RELATIVELY than gold. And that's what i want to share w/ with my audience.

beyond that..i wanted to run a mental exercise in a worst case scenario...where gold would go to the strongest hands. Governments and Gangs.

I'm sure you thought about that as well...i would like to hear your thoughts...many an interview?

i'm not feeling well..need some rest now

i'm

[stellaconcepts]

happy to do an interview. get better.

im all for running through scenarios - but under the pretense that gold is first and foremost your safest store of value.

sure - there maybe confiscation - there may be other factors affecting your ownership of gold - yes! your right - but lets discuss them under the pretense that gold will protect should you remain in control of your gold/silver.

[Growby10]

let's talk more about this when we both have time. beleive it or not...we may have more similar ideas..about investing, safety AND gold..than you may think.

thanks for message and happy thanksgiving!

Harry

[missionaryoffaith]

@stellaconcepts

if you never tell than no one ever knows it is not important to boast of your investments

[ytrogergt]

@stellaconcepts Stellaconcepts... is by nature, unpleasant. Oh! Don't try to say anything against him! He'll block you! You might hurt his ego.

[stellaconcepts]

@ytrogergt lol - why is it that the person being blocked always blames the person doing the blocking and never actually takes a second to look in the mirror... interesting.

[zeusvalentine]

I heard this talk of gold in 1982....be careful people.

[mrzack888]

in 1982 there were no massive derivatives that rely on low interest rates. In 1982 there BRIC, cept for Russia, were dirt poor. Only Europe and America were mass consumers. Things have changed. This time is different. I don't see interest rates increase until 2011.

[1mealperday]

yes it feels good to know i did the right thing because it will always have value.

check zimbabwe and what happened there.

This is a specious argument. you have managed to lose my interest cause your just not sensible. Millionares are a minority too.

Do you work for the government and are trying to turn us away from gold?

What do you reccommend instead, papercups?

[catdog262]

100% agree with you.

[1pigslayer]

great vid growby