BREAKING NEWS: WHY GOLD ISN'T A SAFE INVESTMENT!

[SidneyBoud]

I don't know what gold is worth but I tell you what the Federal Reserve dollar is worth zero. The dollar is worth nothing but the BTU it generates when burned.

[Carandini]

Hell, the precedent is already there: FDR made it illegal to own gold back during the Depression. You had to turn in your gold or go to jail. Under the present autocrats, who love everything that crippled madman did during his regime, you better believe they're ready to repeat history here.

[450984]

@Carandini The "people" elected that "crippled madman" for 4 terms you asshole, he must have done something right, not everything, just some things. If we could only DIG UP RONNIE REAGAN and sit him in a chair in the White House for another 8 years? No, wait, we did that already from 1980-1988. Nancy reagan was our first woman president, that brain dead moron, was only surpassed by bushie, jr. We tried the trickle down and every other bubble known to man. Pray to the "sacred dow"!

[Carandini]

@450984 That fucktard maggot got elected because the Republicans had run this country into the shitter (like things change). Hell, after Hoover, Al Capone could have waltzed into the White House. And once that tyrant was in, he twisted and abused every authority he had to make sure he stayed there - silencing his critics often with prison terms. The dim-bulb opposition kept running Dewey, every single time, oblivious to the fact that winning popular vote doesn't count for crap.

[Carandini]

@450984 And your happy plaster saint there was a tyrannical, corrupt monster. He despotically stripped millions of Americans of their civil rights, threw hundreds of thousands into concentration camps, put a muzzle on the media (and we're talking pre-war here) - not to mention the way he manipulated the country into the war. He had the USS Texas sailing about by itself in the North Atlantic in mid-1941, at the height of U-boat activity. A battleship has minimal sub defence.

[Carandini]

@450984 He may as well have painted a target on her, or renamed her 'USS Maine'. Unfortunately for him, the ermans didn't bite, but fortunately Pearl Harbor comes along - despite the fact the US broke the Japanese Purple Code months earlier. The only thing that scum didn't expect was the kind of damage the IJN could do. That racist trash never dreamed a bunch of 'yellow monkeys' could inflict that kind of havoc. Oh, and before you question his racism, ask Jesse Owens who wouldn't shake his hand.

[cancunmermaid]

idiots! he is reading an article and commenting on it!! thats what happens when you watch youtube when you are high, you make stupid comments. It does make sense, if you are buying gold, make sure you are buying actual gold that you are in possession of and NOT the electronic gold. I do have a feeling that it will be illegal to own gold by decree of the government should USD crumble, so what good is it to own it if you cannot use it? invest in food and water while you can, you can't eat gold.

[abntemplar82]

first do i have to point out this guy buys gold...second havent we americans learned anything from listening to the british? gold is the key currency of the world has been since the begining of written human hsitory so its pretty safe bet against inflation.

[simmagnus]

"Gold isn't a safe investment"; so says the gold buyer. America, keep your gold as it will hedge against inflation. People from other countries are trying to grab all they can. UK and China are just a few of the major buyers out there. China is likely liquidating any U.S.investments they have for more tangible assets. HonestGoldGuy.?..lol!

[SilentEpidemics]

you are a fool sir. a complete fool, only an idiot would follow your ridiculous insight.

[MadCanada597]

@SilentEpidemics He's reading an article.

You didnt even watch the entire video before adding your two cents.

Who's the fool now?

[bullshit3118]

You goofball, we got OUR own English from the British.

[jeffreydun1]

The problem is that when the currency collapses, the govt will call in all gold and outlaw posession of it. They've done this before. look up "Executive Order 6102"

They can't have a competing currency running if they're going to inflate the "dollar", because they will lose.

[Cypherdude1]

Actually, “all of our money problems” are NOT “each other’s problems.” While the USA’s economy and government deficits are politically unrepairable, while the EU’s euro is headed down in value, Switzerland’s franc is not going to lose value. Switzerland is NOT having the problems the USA and the EU is having. Switzerland actually had to tie their franc to the euro because it was gaining too much in value. The Swiss franc gentlemen.

[Cypherdude1]

I forgot to mention, you can either create an Excel spreadsheet to calculate the current gold/silver melt value for each type of coin or you can simply go to coinflationdotcom and find your coin type there. I did Excel first, then I found the latter. One mistake I did make was I have not bought my Amazon digital scale yet (ASIN: B001ODPFXE)!!! However, I do not expect any problems because the eBay vendors I bought from have very high reps, 99.x% and over 4,000 votes.

[Cypherdude1]

You can buy gold & silver on eBay without the 25% premium. Just buy an accurate digital scale BEFORE you make your purchases. Remember to calculate the value of the coins BEFORE you make your bids and do NOT go over. Don't forget the cost of shipping and preferably do not buy from vendors within your own state to avoid state sales tax. After you receive your coins, weigh each one to ensure it is authentic. If it is light, it is fake.

[whitethronebooks]

This is absurd.

[Ramsescrow]

You're a gold buyer telling people not to hoard gold? Is there a bias here I can't recognize, for I can smell one...

[bloodplus47]

I wouldn't buy gold but rather ammunition, food, raw materials like wheat and fuel.

Cause when the world ends you can't hunt with gold, you can't eat gold, and you can't use it as a weapon

[Cypherdude1]

@bloodplus47 OK, but after the world collapse, you can trade gold for a good woman. A good woman who knows how to cook and clean is worth at least 10,000 rounds.

[bloodplus47]

@Cypherdude1 When the world ends a woman who can clean is the least of my concerns. What will she cook with when you have no rounds to hunt with

[nathansensation5]

it doesn't matter if you think gold isn't safe, the world has always has seen gold as safe. Sorry to burst your bubble. Theres more % of electronic dollars than gold

[imaginefication]

fiat currencies are like animals, 99.99% of them are extinct. its called history and it is destined to repeat.

[aviomaster]

Zimbabwe dollar is safe heaven That is the best FUTURE investment for retirement.

[jsmythib]

@aviomaster I know..Im putting all my home equity and retirement into Zimbabwe Muni's now :) or...maybe...NOT :)

[oldereb38]

The collapse will be the termination of the Federal Reserve’s Ponzi scheme. The $8.4 trillion the Fed made in 2010 off of the record without Congress knowing about it is documented at 3w scribd dot com message 48194264 RIP OFF BY THE FEDERAL RESERVE. Y does not allow links.

[Gyva02]

This guys a moron... enough said.

[younitehumanity]

Throw away your gold and silver...buy Zimbabwe Dollars.

[dave777blaster]

the bubble will burst on gold leaving many stranded .

they will lose their shirts when this occurs.with a new currency the price of gold will be fixed at a price that has nothing to do with the exchange rate of the old dollar.

The elite do not get rich selling gold low and buying it high ,they get rich on inflating bubbles and busting them the gold bubble is being primed for just such a scenario .

no other bubbles at their disposal now gold is their bubble now.

[Joe11Blue]

@dave777blaster There's no bubble in Gold. It's also hard to form a bubble with an asset that is scarce.

[patriotsundergod]

Central banks will probably continue the trend of hedging against possible world reserve currency change by increasing their gold holdings. What better liquid equity medium is there?

[bastardchildofmary]

Gold is a medium of exchange that has no borders, the us dollar is slowly refusing acceptance worldwide.by the way, Warren buffett holds a good deal of gold.

[mclaren779]

gold and silver has always held value for thousands of years.

[secretscot]

I sent this article to a few of my UK friends and thought the same as you - I think one of the must have sent it to you.

It wasn't a joke article it was for real!!!

[diamondbaby59]

Gold has been around for eons. Gold is only going to go up and up long before I'm gone! I hope my generations to come have plenty of gold laying around. If I had a couple of gold bars to inherit to my children, I would.

[silversniper007]

PUTZ

[rustybenelli]

I feel one oz of gold in the hand is worth 2 oz of gold in the etf.

[bastardchildofmary]

@rustybenelli actually, 1 oz physical is worth 100oz gld etf. it was admitted in front of a gata member at a cftc meeting. wait till they run out of physical and theres a run! buy physical gold and sit on it, and don't forget, crash jp morgan buy silver!

[mostlymichaelcanada]

Actually, Honest Gold Guy; the British english spelling is correct. The US modified its spelling to help differentiate itself when it declared independence.

As for gold, it historically has and will continue have a store of value, as will silver.

We buy metal as a store of value, not as a residual income system. Their are other financial tools for that.

Your ignorant American attitude unnecessary.

[Vambo1958]

We know scrap dealers pound you up the azz!! Gold is better than dollars!!  Please refute that? This is a bunch of crap!!!!!!!!!!!!!

[whitton202]

ahah, i was going to do a video on this... you beat me to it ;)

[MorpheusWasRight]

i think the english(UK) language came first before US english?

[charronfamilyconnect]

part 3 Oh and I forgot to add that they are not even charging us shipping for the set of three coins. Its a straight $20 x 3 for 3 $20 silver denominated coins for total of $60. I guess there is not risk there eh? You can tell I am Canadian eh?

[charronfamilyconnect]

In case you interested you can see the coin at Mintdotcom. Its called $20 Fine Silver Commemorative Coin (2011). Just thought I would let you know. The coins have only been availabe for sale for 2 days and already people are preordering them on ebay for about 40 - $50. That is people who dont live in canada who really want them.Its insane! I just had to tell you about it!! What you think man? I already ordered 3 each for each of my family members. I guess its better than holding paper $20 bills

[charronfamilyconnect]

Hey Greg, Our Royal Canadian Mint here in Canada has just made a new $20 silver coin which is going to be currency and can be cashed at any bank for full 20 dollar value.They are only making 200,000 of them.But this coin is actually pure 99.99% silver but ofcourse its only 8 grams so there is only about $8 of silver in it. But for 20 dollars in paper money we can exchange it for $20 in real money.The catch is we can only order 3 at a time per customer & can only be shippped to canadian address.

[de225221]

this guy makes m9oney 9on pe9ople selling their g9old.... duhhhhh

[peilthetraveler]

Gold is used in aerospace....space is the final frontier. Makes sense to own gold before everyone owns a space ship. This of it like this...in the 1800s, gasoline had no value and oil was dirt cheap. People that invested in oil before cars were everywhere, were the ones that became the richest on the planet.

[Silverbuildswealth]

Honest Gold Guy, I’m sure you have never bought gold from a customer and lost money on the deal.

[majesticteam12]

Can you value a dollar as easily as gold ? The dollar is every bit as abstract

[Gradet]

buying gold/silver doesnt cause worry, its bought to protect yourself from currencies backed by 'faith and credit'. you cant go print up more gold/silver unless youre jp morgan. a house that cost 5000 oz of gold 100 years ago still costs the same in gold. theres your true worth. this guy is a moron.

[buzzz121]

was that written by Rotrhschild?

[buzzz121]

I'll stop being scared when the END the FED

[ArgentumDeum]

dude i have had enough of your channel you erase comments! i dont like that, means your full of shit. dont worry i am done with your channel. good luck with scrap gold university!

[ScrapGoldBusiness]

@ArgentumDeum

I DONT ERASE COMMENTS...

[Raycheetah]

Gold (and Silver, as well as the PGMs) isn't a commodity. It's an alternate form of MONEY. I prefer precious metals to the US dollar, and have happily traded many US Dollars for the most universally-recognized "currency" in the world.

How many of you think the Dollar is gonna get better any time soon? The Pound Sterling? The Yen? The Yuan (that's a laugher, given Chinese inflation rates)?Seen that way, it is easier to understand why we buy Gold. It will NEVER go to ZERO. =^[.]^=

[ArgentumDeum]

Silver will never be a real currency. It is an industrial metal which means that if collidal silver or silver bandages become popular world wide, the world will consume silver that cant be recovered!!!!!!!!!!!! So if silver were money then its currency would be at the mercy of the sick and injured. Then war breaks out forget about it. Everyone get your head out of your ass. There will never be true, real or honest money until mankind becomes honest, real and truthful.

[Edgarasmith]

My only answer is; If I can hold it in my hands, gold has value to me, and intrinsically to others. I consider gold a store house of value, not a get rich quick scheme. I'm a poor man so owning much gold isn't realistic for me. I feel the better metal is SILVER for personal holding, and it's industrial value.