this guy must be a good lier trying to sell that crap or a true idiot. How can you compare the 80's til 2002 to the last 10 years? 30 years go our debt was minimal compared to today. The debt was mostly owned by americans. Now its MONEY PRINTING QE'S out of the ass, globaly and investment demand is now globaly for gold and silver or all commodities. That guy is an absolut lying scumbag. Who ever lissens to that fuk tard deserves what they going to get.
DATA MINE THIS: US got off the gold standard in 1971, gold in 1971 was 40 bucks then, now it is 1700 bucks, that is a 3700% price increase. Oh by the way, since 1971 the US national debt has increase 3700% as well. GOLD MATCHES INFLATION IN THE LONG TERM.
honestly i dont care if it "didnt do as good" i would rather have the hard asset then some investment corp holding my account "fiat asset"... because if you dont have it in your hands you dont have it...
The dollar is in a massive bubble. The rise in gold is just the canary in the coal mine. Btw, almost no one bought gold at $850 in 1980. It was only there for a few days after a parabolic spike.
'we buy your gold' signs everywhere mean people are selling their gold - the opposite of a bubble. 1% of global assets are currently invested in gold . at the top of the last 1980's 'bubble' the figure was 26% !!!!! long way to go i would say
Gold will be in a bubble someday but I don't think that time is now. I agree you see a lot of gold buying stores but when you look at the average Joe, not many have gold. For it to be a bubble everyone will be owning gold and I just don't see that now
@bweazel Inflation is high, in fact it's much higher than the government cares to reveal. Of course you wouldn't know that if you didn't look closely on what they are basing their numbers. But even 3,5% and more is a high number, even though it's closer to 7%. The dollar is collapsing and interest rates are way too low. That's why commodities are rising.
To compare the 1980 to today is comparing apples with oranges, since circumstances are completely different. You need to educate yourself more
What a stupid video. Of course if you compare the lowest to the highest point you can be disappointed with any investment. That's why you should know when to buy and when to sell. There is no bubble and we can't compare current time with 1980, that's ridiculous.
@TWSceptic It's not ridiculous, especially when you consider that gold is always pushed to people as a hedge against inflation, which if that is to hold true, it needs to be able to beat inflation from wherever you time it. What the timing they used should show any rational person is that gold is no longer a hedge against anything in our modern economy.
Yes, we can compare historical events to today, to say we can't is the only ridiculous thing here.
this guy must be a good lier trying to sell that crap or a true idiot. How can you compare the 80's til 2002 to the last 10 years? 30 years go our debt was minimal compared to today. The debt was mostly owned by americans. Now its MONEY PRINTING QE'S out of the ass, globaly and investment demand is now globaly for gold and silver or all commodities. That guy is an absolut lying scumbag. Who ever lissens to that fuk tard deserves what they going to get.
cetnik03 5 days ago
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DATA MINE THIS: US got off the gold standard in 1971, gold in 1971 was 40 bucks then, now it is 1700 bucks, that is a 3700% price increase. Oh by the way, since 1971 the US national debt has increase 3700% as well. GOLD MATCHES INFLATION IN THE LONG TERM.
edwardwills 2 weeks ago
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edwardwills 2 weeks ago
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honestly i dont care if it "didnt do as good" i would rather have the hard asset then some investment corp holding my account "fiat asset"... because if you dont have it in your hands you dont have it...
88roro11 3 weeks ago
Comment removed
88roro11 3 weeks ago
The dollar is in a massive bubble. The rise in gold is just the canary in the coal mine. Btw, almost no one bought gold at $850 in 1980. It was only there for a few days after a parabolic spike.
neechee1 1 month ago
In the total absence of doubt there is a presence of lies.
Henkera 1 month ago
'we buy your gold' signs everywhere mean people are selling their gold - the opposite of a bubble. 1% of global assets are currently invested in gold . at the top of the last 1980's 'bubble' the figure was 26% !!!!! long way to go i would say
jonbarker92 1 month ago
Gold will be in a bubble someday but I don't think that time is now. I agree you see a lot of gold buying stores but when you look at the average Joe, not many have gold. For it to be a bubble everyone will be owning gold and I just don't see that now
rudemood2011 1 month ago
@bweazel Inflation is high, in fact it's much higher than the government cares to reveal. Of course you wouldn't know that if you didn't look closely on what they are basing their numbers. But even 3,5% and more is a high number, even though it's closer to 7%. The dollar is collapsing and interest rates are way too low. That's why commodities are rising.
To compare the 1980 to today is comparing apples with oranges, since circumstances are completely different. You need to educate yourself more
TWSceptic 2 months ago
What a stupid video. Of course if you compare the lowest to the highest point you can be disappointed with any investment. That's why you should know when to buy and when to sell. There is no bubble and we can't compare current time with 1980, that's ridiculous.
TWSceptic 3 months ago
@TWSceptic It's not ridiculous, especially when you consider that gold is always pushed to people as a hedge against inflation, which if that is to hold true, it needs to be able to beat inflation from wherever you time it. What the timing they used should show any rational person is that gold is no longer a hedge against anything in our modern economy.
Yes, we can compare historical events to today, to say we can't is the only ridiculous thing here.
bweazel 2 months ago
wow talk about living in the past....did they print a trillion dollars in less than a year
trexx32 3 months ago