Another money video

Another money video about how propaganda from the banks/corporations/government robs people of their savings.

Category:

Howto & Style

Tags:

• money
• saving
• inflation
• investing
• banks
• corporations
• government
• gold
• commodities
• silver
• platinum
• speculation
• ethics
• bonds

[afer24]

im not saying that you are a liar,you are very intelligent, but if you buy something of value (eg. Platinum Coins), wouldnt you pay with cash that would go through the cycle and returns to the government, which started when you paid for the value, and after you buy your value(platinum), all you can do with it is resell it, which it will most likely go up in cash value. So now your back with cash that you buy what with?

[lorax2013]

I agree you are basically forced to hold some currency - but you can often minimize the amount of currency you hold and the amount of time you hold it. People in Latin America for example are more aware of inflation and rarely hold currency any more than necessary. We just aren't as aware in the US because our inflationary theft is a little slower.

[rseveran]

Loren, I love all of your videos. I wonder: What if everyone did exchange their paper money for platinum? Would this be a major problem for industrial users of platinum? It would certainly be a major source of demand for Pt, and probably dramatically raise the price (though industrial demand is apparently quite weak at the moment).

Gold on the other hand, has very little actual use, and if everyone put their money in gold, little hardship would come to any industrial users.

[lorax2013]

I think that same basic effect occurs often. Usually the govt deals with it by changing the rules to discourage people from "hoarding". You can see it now with the govt refusing to mint bullion coins. But if the govt can't stop "hoarding" and the govt/banks (same thing) also refuse to return to sound money (or at least reign in inflation) then industry just has to pass on the commodity cost increases to consumers. Then inflation bleeds thru to everything forcing inflation/theft to be slowed.

[eurohim]

So, can you buy platinum coins like you can with gold? I was thinking platinum because of things like Fuel Cells and other industrial things need it.

[lorax2013]

Yes, you can buy Pt bullion coins easily. One of the many reasons I like it, besides great supply fundamentals, is the enourmous value it would have if (a big if) fuel cells happen to become next personal transportation paradigm.

[8wealthyone8]

So his saying dont put all your money in banks. Invest in other things but not precious metals like gold. Whats best stuff to invest in then exactly. Anyone know this? thanks

[Squeegee33]

When buying precious metals, do you keep it in your house somewhere safe or with the bank?

[MercuryReliance]

Good points. By purchasing actual physical gold, and holding it, you shrink M3 by removing the value of your purchase from circulation. It actually becomes YOURS... so long as you want it and you are breathing. It supports the idea of tenured ownership. What could be more ethical than being responsible for your own wealth?

[pigboykool]

Another excellent video of yours; I truly learn a lot from them. Thanks again and keep up the good job!

[WarmFreedom]

Please dont stop making money videos, as the economy does not stop changing, neither should our learning on the subject, I do enjoy your talks alot and find it very helpful, and wont complain if u continue to make money videos. tq!

[tetekofa]

- this is EPIC

[Brightonfuller]

Life seems like a dangerously believable monopoly game after watching this video. I can't afford too much gold even though I have a tiny jewelry business, but I just bought some silver and depleted my bank account a bit, but put more value on my jewelry bench. Thanks Lorax13

[jbichotte]

Where can i learn these things about saving through precious metals ... have any book suggestions ?