Man. I've considered it in the past but only you can make that choice. It will be a wild wild ride. What is the better store of money? What will happen in the end?
I've had that thought as well. Borrow money from my Life Insurance, buy bitcoin. I've even had the thought borrow again from the bitcoin to pay back your policy loan. *this is not financial advise, I'm not a financial planner*
to answer Mark's question "who would want to store their wealth in one of these institutions?" the answer is someone who doesnt have any awareness of the terms that are link to using that institution as a custodial account and essentially relinquishing any "control" of their wealth. Think of this scenario as a baby sitter that can say..."hey Im gonna keep your kid" and having the legal right (that you agreed to in the terms and conditions) not to have to respond or give you any reason. If you do not have or develop some level of financial conscieneness then you will be a participant in an enviroment of very limited financial freedom
Respectfully disagree on Mark’s comment that “gold is not portable.” Gold is very dense and has a very high value per ounce, which makes it quite portable. This is his bias towards bitcoin trying to find faults with gold.
Mark dropping gems… BTC is Freedom Money
He is fantastic.
Love it 🔥🔥🔥❤️❤️
Thanks.
Garret and Mark, Awesome stuff!
Mark is a wealth of knowledge. Loved having him on.
Heck yes and you're still early if you get into it now!
In the grand scheme or things it is very early.
Garrett, hope all is well, what do you think of taking out a loan on my Whole Life Ins policy to buy Bitcoin before the halving?
Man. I've considered it in the past but only you can make that choice. It will be a wild wild ride. What is the better store of money? What will happen in the end?
I've had that thought as well. Borrow money from my Life Insurance, buy bitcoin. I've even had the thought borrow again from the bitcoin to pay back your policy loan.
*this is not financial advise, I'm not a financial planner*
to answer Mark's question "who would want to store their wealth in one of these institutions?" the answer is someone who doesnt have any awareness of the terms that are link to using that institution as a custodial account and essentially relinquishing any "control" of their wealth. Think of this scenario as a baby sitter that can say..."hey Im gonna keep your kid" and having the legal right (that you agreed to in the terms and conditions) not to have to respond or give you any reason. If you do not have or develop some level of financial conscieneness then you will be a participant in an enviroment of very limited financial freedom
Respectfully disagree on Mark’s comment that “gold is not portable.”
Gold is very dense and has a very high value per ounce, which makes it quite portable. This is his bias towards bitcoin trying to find faults with gold.
How much of it is portable? Less portable for sure.
@@GarrettGundersonTV Agreed Bitcoin is more portable. That's a valid point. Thanks for your reply, Garrett, huge fan of your work.
Thanks so much. And yeah, small amounts gold is portable. And Rolex watches would be useful in desperate times potentially as well.
Fun fact, the FDR administration arbitrarily at the price of gold at $35 based on lucky numbers.