Is Gold a Good Investment?

Comments · 1K

• RO

  @RoundTableChris · 1 year ago

  When you buy gold you hope the price doesn't go up, so that you can keep buying gold at that price.

  478

• MO

  @modernskeptic7752 · 1 year ago (edited)

  The main benefit for me is that physical gold is outside the current monetary system, you can also easily pass it down to your children

  538

• IA

  @ianbrown2326 · 1 year ago

  The university of texas bought 1 billion in gold bars… that should say enough. They did end up liquidating some of it but they still have most of it

  270

• AV

  @avg_ape · 1 year ago

  My stance is that gold is a necessary hedge against government incompetence. As the current environment swings more & more towards the 'risk-off' side with escalating wars, poor governance of institutions (private & public) and increased political division, gold will continue to be in demand.

  314

• BR

  @brad9205 · 1 year ago (edited)

  I don't buy gold so much as an investment. I don't look to become wealthier by holding it, but rather as a simple way of protecting myself from currency debasement (not become poorer). And it has worked well in that respect.

  371

• GR

  @griegs2001 · 1 year ago

  <a href="https://www.youtube.com/watch?v=bpL7I8MuUGU&amp;t=496">8:16</a> In Norway, various taxes make investing in gold compared to other forms of investment even more advantageous than in many other countries. This is especially true for gold coins.

  213

• JV

  @jvzn · 1 year ago (edited)

  Excellent video as always! One very minor thing - if real, that gold bar would be a lot heavier than 1kg. It looks more like a 12.4kg bar (despite what it says), which would be worth £1m at the moment. Or perhaps 10kg, which would be worth £800k.

  225

• XA

  @xavier19410 · 1 year ago

  Congratulations on 300k subscribers Damien, well deserved!

  157

• PO

  @poll1986 · 1 year ago (edited)

  I am from Turkey, and during the war in Syria, many people fled to my country. What did they bring with them? Cash? Bonds? Stocks? Bitcoin? No—they brought gold. <br>When everything collapses, the one thing you&apos;ll want to have is gold. <br>I am not saying that one should all in gold. But today, the gold investment in pension funds is less than 2%, whereas Central banks are heavily investing in gold recently. I my portfolio , I want to keep gold /silver minimum 20%. <br>Bytheway the bar you are holding costs around 100k USD. You can easiy fit 5 of these into a laptop bag.

  183

• AZ

  @azfk · 10 months ago (edited)

  I think you may have missed apart of the hedge against inflation part. You kinda touched on it- but in the most explicit sense I can describe- &nbsp;if domestic inflation makes the local currency worth less, and gold is based on a global market, it gives you an asset that’s a step away from your local currency (any local currency) in a way many others aren’t.

  5

• AN

  @animeballsdeep · 1 year ago

  its my best investment, beating all stocks, 80% up lol

  119

• SA

  @saadalansari8465 · 1 year ago (edited)

  <a href="https://www.youtube.com/watch?v=bpL7I8MuUGU&amp;t=258">4:18</a> <br><br>For me, i prefer to use another chart that showcases why gold is becoming more essential in recent years.<br><br>For example, since January 2000 to this day, the S&amp;P was only up 294% while gold was up 1057%. <br><br>When gold outperforms equity in such a drastic way, it’s not a sign that buyers are only hedging against inflation. It’s a sign that more buyers are choosing to get out of the fiat-denominated financial system all together. <br><br>It’s not that the latest surge in price is creating recency bias. It’s because people are pricing the fact that gold is the only asset that will not be affected by the ever growing US debt problem.

  68