If You Invest in Gold, You're Dumb as F
ฝัง
- เผยแพร่เมื่อ 22 ส.ค. 2024
- If you invest in gold, you're dumb? Mark Cuban seems to think so, saying "You know what, if you have gold you're dumb as f**k." The clip is from a recent 'Club Random with Bill Maher' and dives into the billionaire's views on Bitcoin in comparison to gold. Cuban says that gold (ETF) ownership would disappear if things went to hell and if you had a physical gold bar, someone would just take it from you any way. What do you think? I'll tell you where I stand.
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You don't buy gold with the intention of getting rich, you buying with the intention of not becoming poor.
Spoken like a true POOR person!
RICH BUY GOLD!!!
RICH OWN MOST OF THE GOLD!!!
@@Thoth19 ...and most of us are poor. Anything less than a million dollar net worth is poor. My net worth is still in the negative numbers.
VERY well stated.
@@HappyBuddhaBoyd skill issue
Well said.
Gold is an alternative currency that doesn't depend on the existence of any particular government to be worth anything.
👍🏼👍🏼
Truly decentralized money.
Gold is money- not currency.
Like bitcoin?
THAT'S GOOD ENOUGH FOR ME!😅
I still don't trust Cuban. Calling me stupid for stacking gold while he himself stacks gold is very telling.
So is the stacking of a nebulous "asset" that has lost over 2/3 of its value over the past couple of years.
He does not stack gold. Lol.
@@edb3877 ,
The price of gold (spot) for a Troy ounce in 2003 was about $275…..
@@KeepItReal33 Yes, I remember that. I just wish that I had: 1) some spare cash back then; and 2) an interest in metals.
Back then, I was nearing retirement and was mostly concerned with managing my 401K plan and rolling it into an IRA,
when the time came. On 10/1/2004, it did. 🙂
@@KeepItReal33 and if you were stacking gold then like me, that same gold in your stack is now sell for substantially more. Sure, I'd love to pay the pasts price now but then I wouldn't be getting back the returns I'm getting now.
The banking liquidity crisis in 2008 made me panic into holding gold - I bought $60,000 of it then. Happy to report that 15 years later, it is worth $150,000.
Thank you, banking crisis
😄🤜🤛
So you really didn’t make money. You just kept up with inflation.
@@iitchovereverything6020 No, inflation in most of that period was 1%
Smooth moves my man
@@iitchovereverything6020inflation didn’t make money worth three times less in the span of 15 years 😂
I own physical gold, a real estate portfolio and a stock portfolio. Over the last year my gold has gone up more in value than my real estate or my stocks. (I don't live in the USA, I understand things are different there).
NEVER listen to anyone who says one asset class is the be-all and end-all of investing. Gold and silver should be seen as part of a well-balanced wealth portfolio, nothing more.
Gold hasn’t moved in 4 years,nothing but hype
@@zeke5491 This is because gold is a long-term investment. In truth, it can almost be said that it is not an investment: it is, rather, a way of conserving wealth without being tied to a state or a government. Gold will always have value, as long as the Earth exists.
@@francescobelletta in the past, people watched gold double in value many times. It’s being manipulated.
Bit coin isnt even an asset, it is a gamble that could become value less over night for no reason. Pop like a bubble
I would bet my entire net worth that Mark Cuban probably has well over 5,000 troy ounces of gold if he has as much money as they say he has, but again I don't understand why anyone cares about Mark Cuban.
Mark Cuban has always been a D-bag. He’s just angry because he’s lost a lot of money in crypto. 😂
You nailed it.
Lol.. on point!
You only lose if you sell.
Does he have a real name?
He should have bought Doge at 0.002
Mark Cuban is a fan of WEF for sure. He probably can't wait for us to own nothing and be happy.
...und eet ze bugz.
It’s not an investment, it’s an insurance policy!
It's many things and we all have our favorite aspects of it. Best of all, it is a personal choice to put
part of our financial assets in our own hands and out of the hands of a crumbling financial "system".
It’s both
It’s a savings account
No it’s not
@@AlexPerazaTV a savings account hat loses value? Can you imagine a bank offering “ savings “ accounts where your returns were as erratic as silver ? Lol , it’s a nice slogan you got there but it’s non sense
I only wish I had started buying gold much earlier as a store of value.
You don't know how right you are. I've been buying gold since around 2000 when it was only $200 something. I envy those who've been buying gold long way before that.
I wish i started buying BITCOIN much earlier as a store of value.
@@toucansam4587 Bitcoin started in 2009. Not much history, so hard to predict its volatility. Gold, on the other hand, has been consistent and relevant for a long, long time. Having said that, it's not too late for you to buy more Bitcoin. I won't buy any, but I hear speculators say it'll go up to $150,000 this year.
@@Constitution1789 i got in around $1000, not really trying to time tops/bottoms.
@@toucansam4587 I couldn't care less whether someone buys Bitcoin. Gold and Bitcoin are arguably better than fiat. The more competition, the better.
Mark Cuban is telling people to not buy gold so Cuban can buy more gold.
Ha!
That is the exact feeling I get! ✅️
If I was a billionaire....
I would buy farmland.
I would buy and live on a Superyacht in a gated marina.
I would buy large amounts of physical gold - for insurance should the collapse of the US dollar continue.
I would periodically short gold to cover my physical gold - for insurance against the government confiscation of gold (Google 1934 GoldReserveAct))
Rinse and possibly repeat every 5 years depending on the economic outlook/opportunities for maintaining/increasing my wealth.
Lecture the sheeple on the stupidity of owning gold using any media outlet that will pay me a fee to do so.
😁
My thought exactly
Correct lol
Gold and silver have been around for thousands of years. If and when everything goes downhill, gold and silver (and other precious metals) will still be sought after.
🤜🤛
that's what I think as well. I'm modestly stacking up on gold and silver. if shit hits the fan or WW3 starts, will be able to find someone who will gladly exchange a piece of land I would be able to live off for my metals. it's as real as money can get. I also own BTC
@@Dato0011 You're all set 😀
@@Dato0011 if SHTF i would never in a million years give up valuable land for a metal that brings me no value.
@@Heritagepostfarms You might not, but I live in a scarcely populated small country. People will find better use of gold than a land they can't even work on
You know it's a good time to buy gold when a billionaire is telling you to not buy gold, lol.
Most of the people I know who own physical gold and silver also own lots of lead, if you know what I mean. They aren’t the sort you want to try to be taking things from.
Right. Cuban has a pretty weak argument there.
Yes sir!!! F around and find out!
When I decided to start stacking in PM I made a goal to start stacking on the one metal that is most precious of all "Lead" you just can't stack so much wealth without being able to protect your hard earned investments. So if Mr Cuban think that we stacker are a bunch of idiots who we would be willingly let ourselves take our wealth just like that.....well Mr Cuban is the idiot!
Got that right. Heavily invested in lead.
I have been Dumb as F--k for a long time. It's not for everyone.
It takes persistence! 😄
Yep, me too along with central banks and the governments of many countries.
me too
😂
Best comment!
I wish I had bought a lot of gold when I first started working in the early 2000s.
In the early 2000s gold was $300-500 😊
,These videos are like being on an EMOTIONAL ROLLERCOASTER. For me I don’t care what Bitcoin does in price. I make a lot more money from it because i am a trader, i trade not just hold and wait for the price to skyrocket, not anymore you have to trade your assets to make more profits. That's the stuff that gives me a lot higher and safer return on investment. Bitcoin and the crypto market gives you the luxury to make money when price goes up or down. I don't watch the media but the news that you present gives me just enough to know what's going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, Though I have made over 16 BTC from day trading with Thomas Fuller insight and trade Signal in few weeks of trading.
thomasfullerofficial
That's
?you can search his user, name on the internet. to see his Trading. View analysis and courses
I've heard so much about his service from different crypto page. His service looks genuine.
His copy signal is the best.
The key word here is "invest". Gold and Silver are Money. You do not invest in those. You preserve wealth when you buy those.
Agreed!
I guess I'll be "dumb AF". 😂😂
The first thing I thought when I started collecting precious metal is that I wouldn’t want other people to buy it. Duh !
:)
History repeats itself gold and silver always win
but historically silver was used to purify water for drinking and we lived in a really dirty society so something that was fundamentally clean like silver was sought after, but nowadays silver is not as effective as other cheap and common chemicals, so the intrinsic beneift of sanitation and purity that silver has provided to society for thousands of years is now obsolete, today its just a metal like stainless steel or brass, and its not very useful for anything
solar panels can be made with copper, and the silver quantity in technology is microscopic compared to the historical demand per capita
Bitcoin went from 69k to 18k. Bitcoin is fools gold. Nothing will replace gold and gold value will always go up in the long run.
Yeah, it's had a rough year for sure.
It also went from 20k to 3k, to 69k too. I wouldn’t count it out yet, any anti-debt instrument will be coveted in the years to come IMO.
You do understand that is irrelevant right, its 10 year growth rate compounded is almost 200%. What's gold's growth rate? Oh ya, less than 2%.
@@Tsl4Lf imo gold is for maintaining wealth, use bitcoin to make wealth. I made money in crypto, now been turning my bank account into physical silver slowly.
@@mikeg2491 so you think it's a great investment to buy bitcoin today at 17k rather than physical gold?
I am sure Mark Cuban has a LOT of credibility with the people who followed his advice on purchasing the tulips… I mean cryptos. 😂
Bitcoin is up 70% from this post 10 months ago
Gold is up 60% in the last 5 years 😂
Hearing bits and pieces of this conversation over the past few days just reminds me of why I don't watch TV. For the two discussing the matter, I don't care what they think.
I haven't watched tv for 20 years, I got tired of all the lies, and portraying good as bad,and bad as good.
Opinions opinions...history, facts & results matter. I "found" an 1881 gold $5 liberty head coin on our up north property 4 yrs ago. It was an old logging station area back in it's day. Don't think I'll ever find a crypto coin anytime soon. Gold is real...$600 real👍
Nice!
those are the best US gold ever
I love this comment...in fact I would even add you won't find a crypto coin but you can easily lose 600 in real cash you spent buying it.
Gold is good only if you own it, not a paper that saids you own gold.
Right! The difference is similar to having a delicious dinner set in front of us when
we are hungry vs. being given a picture of that same dinner instead of real food.
My takeaway is Cuban can’t handle his booze.
😅
He actually only had one maybe two during that hour. He says he only does beer and rarely in excess.
Diversification is my goal. As a new stacker, my purchases of physical metals was to protect the cash I had sitting in the bank. That money was doing nothing but losing value. I have made a profit on my gold, but have no intention to sell at this time. I am waiting for the next low to buy again. I am not sold on bitcoin at this moment. Being able to hold what is mine, brings a peace for the days ahead.
Nice!
You can hold Bitcoin just like gold. It’s just secured with mathematics and cryptography as opposed to my safe. Same concept though. Infinitely divisible and more liquid as well. However, it is more volatile.
@@Wablestomp2 I like Crypto and started watching Bitcoin when it was around $100. But I think it's only a matter of time before the US bans it. The world is run by a bunch of gangsters that will cancel anything that affects their bottom line. I prefer precious metals now since it can't be cancelled and will always have value.
@@joerogaine3093 US banned private ownership of gold for a period of time, but it still has served its purpose as a soverign form of wealth.
just don't go blabbing about your holdings, bury your gold (digital or physical) and you'll be straight.
With general purpose programmability of distributed ledger tech it will also enable a lot of financial innovation that will be adopted by modern economies over the coming decades so banning 100% isn't really an option if a country wants to remain relevant. Like trying to ban the internet. wont work
@@Wablestomp2 After the covid lockdown bullsh*t we should all realize the government knows it can do whatever the f*** it wants and nothing is off the table.
If Mark Cuban has 10 billion dollars and I have 10 thousand dollars and the value of the dollar goes to zero, who has more money? 😁
He has real estate, other precious metals, investments, etc ….no comparison.
@@gandres_07 Plenty of comparison. None of that matters if/when SHTF other than the precious metals you mentioned. Thanks for further proving their point, genius.
There has been too many times in history where the currency has been inflated to the point that a single ounce of gold will buy a house. Is there really any reason to not have at least a handful of gold and silver?
🤜🤛
Damn right! I think that's the only reason I'll be getting rid of mine, Lord willing I don't need it for an emergency.
"Is there really any reason to not have at least a handful of gold and silver?"
The only reason that occurs to me is if someone is just barely scraping by and simply cannot stack. Other than that, no, no reason,
other than being oblivious to the condition of the US and world economies and the extremely poor way in which fiat currencies tend
to be managed by the governments that (over)print them.
Just because he's billionaire doesn't me he's not a jackass.
😅
You dont get billions by earning it. Even millions means you took advantage of some "sucker", even if its just your grandpa or the children that made your shoes..
Delta
Ya I’d say today most rich people took advantage of others or benefited from things not of their doing like super cheap money for decades. If someone started buying property in the 70s he benefited from all the inflation. And if you’re black and did crack and Reagan threw you in jail after the CIA sold you some stuff when millions got out of jail houses were way higher cause of inflation but then after 1982 we had 40 years of ever lower interest rates that continually inflate assets. It’s crazy how people think they’re smart like the past decade most made money buying an etf of stocks. The suckers in this case was social security that was forced to buy government bonds that yielded low thanks to the federal reserve buying them and keeping fed funds rate super low.
But I think some rich people make a ton of money through real innovation but ya most often there’s other things that make people rich. Like Steve Jobs is a good story being run out of his own company he started and then going back to turn it around. A few people may earn it. If great leadership can save a company then in some way maybe they earn more then most.
@@koltoncrane3099 2023 is going to be the best year of your life! 👊
@kolton crane I really liked your comment, it showed you really thought about and understood what I said. I dont know if you deleted it or why its not here.
Gold is a insurance policy for me I’m preparing for something that could possibly go left in terms of this economy
Exactly. I hope I don't get rich on my gold. If I do the dollar is gone. Insurance
@@ds5651 i agree whole heartly
@@ds5651 After having lost about 99% of its value since the fed was hatched in 1913, I'd have to say that the US$, as well as all other fiat
currencies, is well along the path to oblivion. All currencies except gold and silver have verifiable life cycles. Over 4,000 fiat currencies
have already been created, used, and died. I can't see much more that is needed in the way of proof that fiat currencies are anything
but a government scam perpetrated upon We the People.
OK, so how is it that the US$ has lost 99% of its value? Here's one way to look at it: In 1913, a US $20 bank note and a US gold double
eagle coin were identical in buying power and could be swapped one for the other in any bank in the land and in most stores as well.
Today, that 1913 double eagle costs $2,000 or more to buy if it's not something special to collectors. If it is, then it could have more
collector value than it has gold value. But back to the gold and a bit of math: $20 / $2000 x 100 = 1. This is the remaining percentage
of the buying power of a US$ today vs what it was 109 years ago. I am not remotely suggesting that we all have to wait for 100+ years
before our gold becomes really valuable. It's already valuable and will become more so quite steadily over time. Meanwhile, fiat debt
paper will continue to be eroded in buying power via the usual suspects: over-printing and government-fueled over-spending that
creates excessive inflation. It's instructive to look at some old charts of inflation vs. time in the 19th century vs. the 20th century.
Inflation was practically nil under a gold money standard but not under a debt-based currency standard that supposedly has an
inflation target of 2% a year but which in reality actually has a true inflation rate of 3-4 times that. The people in the world as not
fools, much as many governments would like us to be. This is one of the reasons why de-dollarization is occurring and those
who work and sell goods want something more substantial than a declining in value debt-based fiat paper slip as payment
for their work.
I think one of the facts people forget is how long gold has been around in value form. Its hard to believe bitcoin which has been around for little more than a decade suddenly makes something that has been around for thousands of years worthless/stupid to own.
Agreed!
A wooden ships which have been around for thousand years is better than newly innovated steel ship?
Purely looking at the duration to make judgement is narrow minded.
New innovation always replace old technology - as it's how human civilization progress over time.
And now it's happening on money.
A lot of fiberglass stuff around now. Nothing is as beautiful as a wooden ship though, probably why there are lots around. Or maybe its cause they dont rust. Like a steel ship does. Gold doesnt rust either.
@@desmondchin3345 "And now it's happening on money."
Yes, it is, and it is likely to be an epic financial cluster-f**k
as well as the greatest threat to liberty and privacy ever.
Bitcoin is only as valuable as people will pay for it to be. In truth, its nothing more than vapourware. Gold is solid and very difficult to evaporate. But you cannot beat having a diverse portfolio. True, a fair proportion of my shares are down but my Gold well, the lot I bought in 2019 is getting close to doubling in price. Happy days are here. The big problem, do I sell or hold it?
I hate when people try to use the argument of: well, someone can rob you, and its not you gold anymore.
Yes, and the government has been stealing the citizens money for over 100 years through inflation.
Purchase a good safe and some guns
the FIRST person/entity you must worry about "robbing" you is the government!
I own gold and Bitcoin. Each has a purpose and they are only somewhat similar
🤜🤛
This is like the first sound comment on this video 😂
All the goldbug boomers can’t understand the fancy emuni so they put it down. Makes for good meme material none the less.
They could do like 2in1 & buy gold with crypto profits instead of just complaining about new ideas
Why would someone steal my gold if it’s worthless? 🤔 Seems like a waste for a thief.
Cubin says someone will not just steal our gold but they’ll beat us up for it. Does seem odd that anyone would harm us and potentially themselves in order to steal something with no value. Lol. Clowns like Cubin have lots of gold in their personal vaults, 100%.
Another solid reason to have a gun. It's a protection for the hedge you are protecting lol
Great point. 👍
@@777trader8 every time someone says gold is going to drop in value I get ready to buy some and then it goes up instead of dropping. I’m guessing you’re not really connected to the central banks or any of the BRICS nations who are stacking gold like never before? Or maybe you’re just not aware the USA dollar is collapsing right before our eyes and being dismissed by 90% of the world as I type this…..either way, I keep hoping guys like you will finally be correct in your gold evaluations, but you are not…..ever even close. Maybe you’re looking at the values of gold and silver as they will play out in a max max type of collapse, which is where I believe we are heading. But even so, history has continually proved gold and silver become the most trusted and sought after medium of exchange, so I’m pretty sure you’re going to be one of those people that says gold and silver have no value as you proceed to hit me over the head to take mine. Lol.
@@777trader8 nothing is free, not even for a thief.
Two years ago I had zero savings, today i have 30 grand. That’s real stupid!
Nailed it!
Mix in some real estate and index funds. Great job
Great job👍🍸
Working on it😉
@@sandracrandall4561 Thanks🍻
At least Cuban's buddy Mr Wonderful had the courage to admit he lost big time with FTX.. . I give him that. ..
Good shit, as usual
O'Leary might have more apologizing to do yet.
Mark Cuban on Bill Maher's Club Random was recorded before the collapse of FTX.
@@howlsatdesertmoon9840 And yet, the collapse of a major smoke-and-mirrors-currency site is not unexpected.
I usually refer to such things as "having the Mt. Gox experience". I suppose that this will be updated to be
"having the FTX experience"? But, I do wonder what those who bought BTC in the $60,000s area and then
had to sell it under $20,000 have to say about who's a DF?
As to gold, I am either well above water or treading water on every ounce I own. While in this position, I still have
a very valuable asset with a LONG history of serving its owners extremely well. Furthermore, holding an asset like
this puts my financial future in my own hands and not in the hands of those already proven to be financially
incompetent. Again, so who's the DF in all this? lol
@Renee Lynch And yet, 5,000 years of financial history argues against this happening. There is ALWAYS something
of value that people desire and that they use to facilitate trade. As it has been, so shall it be. Only the form of what
is used to facilitate trade changes.
My favorite part was when Mark said bitcoin was finite and cannot be increased, whereas gold is not finite and they can mine it forever
He is not wrong, billions of tons of gold in the galaxy, but bitcoin could disappear completely. Rofl.
@@deltalima6703 Billions of tons? LOL! Probably closer to quadrillions of tons.
But then, there are some obstacles in going out there and getting it. 😉
True story, you arent getting any of it for $1800 / oz so it does not even matter. :)
I don’t need to be rich, just need not be poor
This is kinda funny from someone who literally got ripped off investing in crypto scams and doesn't seem to understand Bitcoin and it's benefits either
After what happened with FTX, I don't think Cuban has any credibility on investing in Bitcoin...about as much as Kevin O. BC also has already dramatically dropped...if he's planning to load up, what's he waiting for?
How can BC be a store of value with the price wildly fluctuating as it does regularly?
Lastly..if gold isn't valuable, why do central banks own it? Why is it considered a tier 1 asset?
There was a prepper guy that argued against gold and silver on his channel not long ago. Of course he presented his point of view only. Not one of the benefits and basically making out that anyone who buys precious metals to be a hayseed hick or a simpleton. I respectfully commented with all the points he neglected to mention as well as the importance of finding respectable sources, impotence of being financially responsible and of course security. He deleted my comment. To which I questioned his being a prepper or a communist and his parents pedigree. Although I do like spreading my investments in various positions I still have difficulty getting involved with bitcoin. I don’t fault anyone who invests in it. It’s just something I have a great deal of skepticism about. Especially given some of the recent developments in the cryptocurrency markets.
The last year has made it very clear that cryptocurrency isn’t a one way train. I don’t have any issue with BTC or anyone who invests in it (I do personally), unless they spit bad info.
@@2is1gold I’ve followed your channel for sometime and consider you to be number 1 in my top 5. I’ve listened to you views on crypto and respect them. If I were to invest in crypto your opinion and information is one of the few I would take into serious consideration. Mostly because your information is well thought out, non of this to the moon stuff, no FOMO or end of the world. When I first started buying I went with what felt right. Two minor mistakes but for the most part ok. Then I started researching more and stumbled on a few channels, most if you applied a little common sense you could discard pretty quick. Your channel and opinions have definitely been a great help in reassuring my choices have been sound. Thanks for all the great information and videos.
I stack gold and silver myself so by no means am I agreeing with prepper guy but...If he was the kind of Prepper that preps for doomsday, the apocalypse, an alien invasion or whatever I could see why gold/silver would seem useless to him. In a post-apocalyptic world gold/silver would be useless. Water, Food, Fuel, Guns/Ammo, and medicine would be the currency.
Gold is an insurance policy, at least it is for me. You can invest with gold if you get involved with miners but I view investments as something that is specifically designed to make me money and that's just not why I own gold. Thanks for the rational perspective!
🤜🤛
I don't consider gold as an investment; rather, it is simply better than cash. I maintain a certain amount of cash at all times, but if I have more cash than needed, I convert it to gold and other metals. Cash is useful to a degree but over time loses value. Precious metals are simply one asset that I retain and, if I'm being honest, like holding and looking at. Does that mean that I'm dumb? To some people, sure.
Like a dolphin telling a hare he’s dumb to worry about a fox.
One aspect of intelligence is to not care what others may think of our own well-thought-out ideas.
This is a personal choice and the other side of this coin is living with the results of our choices.
I am confident that I can do so because I am well diversified. Those silly enough to go "all in"
with any investment are betting on a single horse in a race instead of betting on multiple horses.
Gold is a store of value. Nobody gets rich from owning it. I keep 10% of my net worth in highly liquid assets. Of that 10%, 7% is gold. Why? Because over decades gold will keep its value where as cash will depreciate. Probably by 20% or more. Why need keep all 10% in gold? Because it fluctuates also and I don’t want to be forced to sell if I don’t have to. 3% cash gives me a nice buffer.
What is dumb as F? Turning 32k into 3k in one year buying crypto like I did in 2021.
😬
RIP I hope you havent sold
@@bmtenoch8230 what's the point of selling? The value is so little. I started to stack gold and silver instead and surprisingly my stack has gone up in value.
Best thing to do is buy 32k again while its worth 3k. What would be dumb af is if u sell it at 3k.
Investing in gold is a savings account to me, not an investment😊
I love when they say someone will beat you up or want to kill you for your gold goes to show the true value it must have and makes me want to stack it even more!!! Btw im not a 🐱 like Cuban I will be more then honored to protect my stash!!
That was my thought as well.
If gold isn't valuable why would someone want to beat me up over a bar of it?
Ha, exactly!
Another balanced video from you. Nice one. Regarding Cuban; a lot of people tend to think that having billions is a sign of intelligence but it's just a sign of a talent to make a lot of money. A lot of people don't have Cuban's talent but they have no shortage of intelligence. Personally I couldn't dedicate my life just to make money. Life is far more interesting than that.👍😁
Agreed!
IMO, people sitting around in a bar getting soused and then trying to make intelligent conversation are among the DF's
out there and not those who recognize a dying financial system and don't want their family to be a part of its demise.
The interview wasn't available when I did my video on this. It's interesting that when folks like Cuban and Ramsey talk about gold in a negative like that it seems to have the opposite effect.
Jump right to the 40:00 mark if you want to see the specific part. Cuban's take is going to be validation for people who want to think BTC is the way to go and will be immediately invalidated by anyone he's calling dumb. Probably not much of an argument in the end. Cheers!
What can I say about Cuban but . . .
Hahahahahaha
I thought Kevin O'Leary was a clown but . . .
Please change the name to "Clown Tank"
I am 60 yrs old and have had several conversations with people my age and older. None of us understand where your money goes when you BUY bitcoin. My son who is nearly 20 buys and invests in bitcoin but also fails when attempting to explain to me where his money goes when he invests in bitcoin. That reason alone is a great reason for MANY of us not to invest in it. Cuban does not strike me as being overly intelligent in many areas of life and openly admits that much of his wealth was gained on pure luck. I didn't really like that show with Maher. They sure didn't say much of anything that I found interesting.
When you invest in Bitcoin or other cryptocurrencies, your money is used to purchase digital tokens or coins. This money typically goes to other individuals or entities who are willing to sell their cryptocurrencies. The process of buying and selling cryptocurrencies occurs on cryptocurrency exchanges, and these exchanges facilitate the transactions between buyers and sellers.
Here's a simplified breakdown of the process:
You transfer your money to a cryptocurrency exchange.
1) On the exchange, you place an order to buy a specific amount of a cryptocurrency at a certain price.
2) Another person or entity places an order to sell the same amount of that cryptocurrency at the price you're willing to pay.
3) The exchange matches your buy order with the sell order, and the transaction is executed.
4) The cryptocurrency you purchased is then stored in your digital wallet.
So, the money from investors goes to other investors or individuals looking to sell their cryptocurrencies, and the exchange facilitates these transactions, earning fees in the process.
Cryptocurrency markets are decentralized, and the value of cryptocurrencies is determined by supply and demand on these exchanges.
Gold is my savings account. I think they call bitcoin digital gold because it doesn't do anything and that's the best thing they could come up with.
😄
The crypto-maniacs are always trying to equate digital vapor-ware with gold. This is why they show so many images of a "bitcoin"
that looks a lot like a large gold coin. In point of fact, BTC and other cryptos are a ledger entry or a bit of code, nothing else.
@@edb3877 you don’t understand bitcoin which is fine.
@@InappropriateShorts To disagree with ANY BTC claim is to "not understand it". I hear that a lot, usually from those who have lost their shirts in crypto but who still can't let go of their crypto dreams. But... here is something that I DO understand: CBDCs are coming and when they arrive, no
government will tolerate any other form of digital money. How they choose to handle that won't be known until they figure it out but they will
figure this to suit themselves. We don't see any competing paper or metallic money these days because governments and CBs derive great
power via their ability to create "money". They also do not share power willingly. Because of this, cryptos days are numbered. Yes, the tech
will survive and likely will be incorporated into the coming CBDC. The banking system will use this tech and parts of it will be good. We'll
have to see how this all pans out before we know what will happen. For now, we both have our own points of view and neither of us seems likely to change until circumstances make it totally clear. Take care...
Agreed. Anyone who thinks gold and silver coins are going to help them in a SHTF situation, has never watched some of Mark Dice's videos where he tries to give one away and gives people an option of having a chocolate bar. Most people don't know the value of precious metals and/or don't have the ability to test if they are real solid metal. You're better off buying alcohol, cigarettes, and other vices for trade. For long term wealth storage, purchase things that will appreciate substantially in value like real estate, art, vehicles, etc...
When they're selling gold, you sell gold. When they're out on the street with the signs saying we buy gold is when you buy gold.
Uhhhhhh, do you think they needed very long (in historic terms) to learn to value bitcoin and to covet it? As soon as word spreads, people try to get the mcguffin item. If they realised silver was important and valuable, it would reverse that ignorancd fast. Everyone knows if you get sometbing jn gold, its valuable and you take care of it.
Cuban sayin someone is going to steal your gold or rob you of it making it worthless shows where he stands. Most people who stack are also very well armed
Central banks have been buying gold and developing their own electronic currencies. That fact alone tells you that gold is a store of wealth and that bitcoin is speculative, not a store of wealth.
I use gold as diversification...
I've always viewed gold similar to owning property/real estate...goes up in value steadily over 10-20 years and pay capital gains when selling (except I don't have to pay yearly taxes on it like property and it fits in small places)
Thanks for the uploads my friend, Merry Christmas and Happy New Year!!
Same to you - happy holidays!
Excellent point
Appreciate your philosophy, and yours is yours (life, property, and assessment of the future,) but we are entering into a unique fold of history here. Foundationally so. Epic changes are upon us, let alone the "Brave New World." I hope your CYA is open for the unexpected. I see nothing but hairballs ahead, i.e. "I see a bad moon a'rising...."
Agree!
Property doesn't go up. It goes down when inflation adjusted. This because construction of new houses as faster than population growth
I trust gold, I think he's talking about ETF's. I'm not exactly sure, I think he was just caught off guard. As far as someone taking a gold bar from you there are ways to prevent that. Physical gold does need to be protected. I find that most people that stack are prepper related and they do hold protection as well as food and water. He's entitled to his opinion but I'll take my chances with physical bullion.
Yeah, Cuban was making points he knew wouldn't be defended (by Maher).
I disagree. I think half of stackers or maybe more are not preppers, but they are quiet about it. I also think nearly everybody owns gold jewelry to some extent and that counts as stacking too.
@@deltalima6703 perhaps, I can only speak of my own personal experiences. The ones I know stack brass as well.
My mom has some gold jewelry, but even if you broke in you would nake like $3/hr picking through the junk to find it. Cops would be there before you finished. Probably no guns, but who could say. My uncle has some gold jewelry, I dont think he has guns, cant be sure though.
I think most people are like that, a billion or so in india with jewelry and might not have guns, a billion or so in china with coins and probably no guns. USA is a poor example, probably have a gun no matter what....
@@deltalima6703 that's the problem with jewelry is if it's not investment grade or bullion grade then you don't really have anything. You pay more for stones than you do the 14k gold that makes up most jewelry. Ultimately if you go to sell it you'll usually get scrap price for the gold and nothing for the stones. Jewelry is not what I would consider an investment. That's just me personally when there's 24k bullion that can be bought. To each their own though and ultimately it's whatever makes you happy.
It doesn’t sound like Cuban thinks gold is an investment. It sounds like he thinks it’s competition for Bitcoin that he wants out of the way.
Gold is looking smart lately. Cuban sounds smart as ftx.
If it wasn’t for gold (and on a much smaller scale silver) I wouldn’t have near the savings and sense of financial security I do. That sense of financial security in and of itself holds tremendous value. Billionaires are on a different playing field I’ll never understand, and it’s easy for them to look down their nose at [insert asset class they never invested in here] and flame away. But for 99.99% of the rest of us, we do what we can with what we’ve got. Good to hear your take.
Good to see your take here too. I have similar thoughts. Since I don’t dip into the gold or at least don’t have to without significant cause, it’s a great layer of stress insulation. Hope the holidays are going well there!
Agreed. I just wish I could watch a video of the looks on the faces of the uber-rich who have everything they own in paper when they become
aware of the collapse of the fiat debt paper scam and that they have been rendered absolutely penniless. Now THAT would be hilarious!!
As I’ve mentioned previously, gold is a fun way to save, protect wealth from inflation, balances an aggressive portfolio, a great hobby and inheritance. It’s also a great way to discipline yourself and make saving (not necessarily investing) a regular hobby.
You know what would be the heighth of irony? If Mark was obsessed enough about gold to have been watching you videos and was actually drinking Chambord Royales when he made these specious comments 🤣
Cheers 😂🎉
Ha! 🍷
@@2is1gold 🍷 🍷
Today I received 2 oz of gold…0 Bitcoin. When SHTF I won’t be trading BC for anything
🤜🤛
It's a store of value for me. At least when the power grid is down or theives and viruses stealing everyone's Bitcoin I will still be holding my gold in my hands lolol.
Cuban also said the market was gonna tank in 2016 cuz of trump
I must be dumb as f*** then! More gold please!😜😉
Ha!
Where is the best place online to buy gold I've never done it before so I'm not sure on trusted sites or places ?
in gold we trust
Great video as always. Keep up the great work. Cheers
Thanks!
Bonds down 20%, mutuals stagnant but my metals are up
When the power grid goes down how much will Bitcoin be worth?
I'm shocked. A billionaire with billions of paper money says gold is bad. Okay sure bud.
😄
I think 2 is 1 seea right through mark cuban. 2 is 1 is exactly right about gold and about bitcoin, imo.
I have used gold as both investment and store of value and silver also. For store of valua I just held physical, bars and coins. For investment I held mining stocks.
Banks are buying gold and other Precious Metals because of they have remained stable or appreciated in this shambolic times with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
I'm too dumb to understand how all the things they announced at Davos will be good for me.
The absolute BEST part of precious metals as an investment.... No paper trail for the goverment to use and abuse.
No wipes are truly flushable, dude
Sorry, biodegradable! 😄
If you wish to save money, the best thing you can do is buy gold or silver.
If you wish to invest, buying gold or silver is not smart.
I am a fan of buying farmland and renting it out to farmers at the going rate.
160 acres at a time. 1/4 square mile. But farmland is just one aspect of real estate investing. Housing flipping, commercial, rental properties.
Another good angle is buying farmland on the edge of a booming town. Pay for the land to be kept up by a local kid through mowing, then 5 or 10 years later sell it to a developer for large profits.
Smart.
It would be hard to get away from the mindset of investing vs saving if whatever you (Cuban) were doing made you a billionaire…. That said he can afford a swing and a miss on an investment and still not worry about money where as the rest of us need something to fall back on if life gets spicy 🌶
Yep. He's an investor by trade.
My physical gold isn’t an “investment” though. It’s a valuable, but fallow and inert savings asset. And that’s exactly what I want it to be.
Exactly!
Cuban shows that he doesn't understand what gold is. Gold is not an investment, gold is money. When fiat currency goes to its real value which is zero then he will understand what gold is.
Sometimes I hate your videos because I always want to make these detailed long-winded comments, but too often I just have nothing better to add to what you've already said. Hahahaha! Great stuff!
Ha, thanks!
I like to wear gold , it makes me feel good and happy
Don’t wear it in LA 👀
Nice video! Can you do one on international travel carrying gold,haven’t ever seen one on that. Also perhaps storing in let’s say Bahamas or somewhere.
You can’t take more than $10k out of the US. That’s where the crypto has big advantages.
@@efwsot That is vague. $10,000 spot value gold (5 oz +/-) or 200 $50 eagles?
@@efwsot Of course you can take more than $10,000 out of the US. You just have to fill out paperwork
Yeah I second this. Future video on travel with gold and storing gold in the Bahamas sounds great.
@@stormforge68 I'd rather store ME in the Bahamas. 😆
Mark Cuban - "don't buy gold!!!........(because your driving up the price and I'm actually wanting to buy.....and I need you buy my stuff to afford it now)."
2 reasons for me, a hedge against the failing fiat and a Damn good savings strategy.
Gold is an investment in your future. What you are really doing is Building a Bridge to a future better time and climate where you will have something of your former wealth as opposed to having Nothing when the Fiat paper debt is called null and void. Things change, Politics modify, and Administrations get turned over. Hopefully you will weather the storms and come out with a better position than most. But It may take a while. Be Patient and spend as much money as you can to set yourself up using money that you do not need for daily living. Remember thru all crisis's the Bills from your creditors never Stop. Carry on
🤜🤛
If the goal is to hedge with gold then I guess he’s not wrong.
I don't think Cuban looks for hedges. I think he looks for investments in lots of categories.
The other Billionaire just said Bitcoin has no value. Seems even billionaires can become not too smart.
Reminds of of when famous Liberal entertainers tell me what is right and wrong! Gold is different for everyone! I can assure you I am not Dumb as F*ck, and I have gold!
🤜🤛
Alternate Headline: “Cuban Admits Bitcoin Isn’t Worth Stealing”
Ha!
Gold and silver, to me, is just a savings account. It's not an investment. Yes, it has investment properties, but comparative to others, it makes no sense. I stay away from Bitcoin due to its volatility and that I honestly don't want to babysit it. The thing I find funny about this ongoing argument is, the bitcoin investors bash physicals because they can't grasp that it's not an investment but a savings that rides with inflation. At a slow pace might I add.
But they want to piggyback on gold’s reputation at the same time.
@@2is1gold yeah and that frustrates the discussion
"if you had a physical gold bar, someone would just take it from you any way". Really? "Someone" would have to get past my 5 security guards, Smith, Wesson, Mossberg, Armalite and Ruger.
Gold is a store of wealth. It won’t grow much, but it won’t be extremely volatile either.
I was worried there were too many gold bulls - which is usually a bad sign.
But this definitely restores confidence that we are not (yet) in a gold bubble.
Yes same seeing someone insult gold made me happy 😂
IMO, we are so far from being in a gold bubble that it is barely even a
smudge on the horizon. Not at all like a number of other assets.
@@edb3877
there are lots of people in gold...
but not yet euphoria.
prices are trending flat.
@@mth469 Agree that prices seem to be stuck for now but that could change for any number of reasons. I
don't know how many people are into gold but suspect that most keep quiet about it for security reasons.
I enjoy Cuban but gold more! Cheers!
He isn’t popular because he’s shy.
He says Buying gold is dumb...while he buys as much gold as he can get his greedy hands on ....over the years I have learned to do the opposite of what they say ..he can give me all his gold if he doesn't like it ...
Inherited a lot of gold in 2002 (20 swiss francs) that were worth about 50$ each. I wasn't in need and had a stock portfolio so kept them.
In 2004 I saw gold going up quite a lot and a friend of mine said it was due mainly to two wars that the US couldn't finance at once (Afghanistan and Iraq). In 2008 what had to happen happened and gold doubled in value. Never sold it and never will. Today if I want to sell a coin it's worth 350$ (+700% since 2004).
Stocks meanwhile haven't been as good an asset. Some have gone up but a lot have gone down dramatically.
Gold and silver are for cautious but patient people. Have seen people buy a stock at 10am and sell it at 10.05am. Just greed.
Gold and silver like stocks have cycles. Nothing goes up indefinitely like it doesn't go down indefinitely. The 20% average yearly return on gold is enough for me.
As I said before, his crypto position is leaking, so he has to push precious metals down.
Doing this is a terrible sign of weakness, IMO. Building up his own position would be a superior argument.
Gold is a store of value with the added benefit of being a potential great investment.
I see Bitcoin as a potential great investment and potential very bad investment. That’s too much potential for me haha
Right, if you want to speculate, gold isn't a great choice.