Gold is the Ultimate Insurance Against Fiat Currency Debasement.
In this report I look at how gold has performed in US dollars, British pounds, Canadian dollars and Australian dollars in the last decade. I show how holding gold is also a must when other national currencies are rising against the US dollar.
You need something stable for your saving and to me gold is the most stable thing that isn't eaten away by inflation.
Agreed! Now following.
Long term gold has the history and track record to help make your long-term wealth building possible.
Gold is a Insurance plan for me and not a Investment. Been saving and stacking Gold for awhile.
Blessings to you!!
@kingomman Thanks. Blessings to you too!
Maneco what is your take on this video please comment on it please .
The SDR might become the reserve currency for the world but it will be a basket of major currencies like dollar, yen, yuan, euro and sterling. I think that for it to work they will have to revalue the price of gold by many multiples of the fiat currencies that make up the SDR basket. Basically the dollar is on its last legs as the reserve currency so the SDR will help spread the burden away from the dollar. Dollars, pounds and loonies will still circulate. The SDR will be the currency of account between sovereign governments only.
Great monetary reporting in these unprecedented times. I appreciate a man who does his homework.
Can't argue with the proof. Thanks @maneco64
@roop You are welcome.
Very nice charts, silver is so much a BIG deal right now, it's the ONLY investment with guaranteed upside!
It's at or almost at production cost and it HAS to go up sooner or later, gold is great if you can get some, I like buying them in pamp Swiss 2.5 and 5 gram bars, easily broken down if you have to sell/trade them, but man.... silver is a no brainer in that buy what you can afford.
Also crypto is a must buy, even if you don't like it, you can invest, make some money and buy gold or silver, very interesting days we live in,
Thanks for sharing your video....
Very interesting times. I just posted about the gold to silver ratio and how it could be bullish for silver. Now following, pls follow back.
I'm new to stacking Gold and Silver. Bought first time last November. My question is how much do you tend to get when selling your metals?
If it is generic bullion do you receive spot? 90%, 80%, etc?
Great video as usual, maneco64. Ray Dalio came out recently suggesting people consider holding some gold too.