Why Gold Is So Expensive | So Expensive

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  • เผยแพร่เมื่อ 20 พ.ย. 2024

ความคิดเห็น • 4.7K

  • @alynademosthenes3656
    @alynademosthenes3656 5 ปีที่แล้ว +9931

    It’s shiny and our ancestors liked it so we just kinda keep rolling with it

    • @blackham7
      @blackham7 5 ปีที่แล้ว +105

      The fed stole all the gold

    • @hunterfurlong8642
      @hunterfurlong8642 5 ปีที่แล้ว +63

      @@blackham7 They didn't "steal" anything, they acquired all of the gold legally so did the Chinese and Russians.

    • @Deadbeatcow
      @Deadbeatcow 5 ปีที่แล้ว +268

      @@hunterfurlong8642 it was legal because they changed the law to allow them to take all the gold

    • @stephanwilliams4143
      @stephanwilliams4143 5 ปีที่แล้ว +78

      @@hunterfurlong8642 I remember all those commercials where people traded their gold in exchange for paper

    • @andrevaldez7368
      @andrevaldez7368 5 ปีที่แล้ว +28

      The annunaki hardwired us to seek gold

  • @sergiorr90
    @sergiorr90 5 ปีที่แล้ว +3457

    Earth: Gold is very rare.
    Rich people: Let's eat gold because LoLs

    • @techforever1970
      @techforever1970 5 ปีที่แล้ว +230

      They even shit it out as-is.
      No nutritional value. Id search their poop and call it “mining”.

    • @itsfinnickbitch63
      @itsfinnickbitch63 5 ปีที่แล้ว +64

      you don’t have to be rich. a bakery near me makes gold plated cakes that cost around 20$, sure might be expensive for a small piece of cake but it’s a very interesting experience

    • @maythesciencebewithyou
      @maythesciencebewithyou 5 ปีที่แล้ว +86

      @@techforever1970 Sewage has a higher concentration of gold than most gold mines nowadays, I'm not even joking.

    • @marcusm5127
      @marcusm5127 5 ปีที่แล้ว +21

      It's very thin. I have a roll och gold but it's mostly paper and it's not worth much.

    • @user-yn7bz5mn5g
      @user-yn7bz5mn5g 5 ปีที่แล้ว +26

      They are coming up with ways to flush money down the toilet.

  • @yegorme5394
    @yegorme5394 4 ปีที่แล้ว +7048

    Gold: I'm a useful mineral used in electronics and even power cables because I'm an awesome conductor!
    Humans: imma eat you

    • @itssaad8663
      @itssaad8663 4 ปีที่แล้ว +177

      Gold:🤡

    • @Blue-pk4ny
      @Blue-pk4ny 3 ปีที่แล้ว +154

      Gold: A heavenly interdimensional metal which is a unique electric conductor for circuits and cable wires and a historical standard for economy
      Humans: Imma wear you

    • @Blue-pk4ny
      @Blue-pk4ny 3 ปีที่แล้ว +34

      @@reyabaolumiguejr9863 Guess which material is used throughout lithium batteries.....Gold! It might not be superior to copper but It is just as important.

    • @christopherbonanno1120
      @christopherbonanno1120 3 ปีที่แล้ว +5

      Then drive a train. Lol 😂

    • @Ethanrielle
      @Ethanrielle 3 ปีที่แล้ว +2

      lol

  • @benjamindavidson22
    @benjamindavidson22 5 หลายเดือนก่อน +309

    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.

    • @MarkGrimm8
      @MarkGrimm8 5 หลายเดือนก่อน +4

      The Collapse of Some Banks has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what’s the best way to take advantage of this bear market?

    • @Johnlarry12
      @Johnlarry12 5 หลายเดือนก่อน +4

      There are quite frankly a number of ways to make high yields amidst volatile times, but such trades are best done under the supervision of a portfolio-coach

    • @emiliabucks33
      @emiliabucks33 5 หลายเดือนก่อน +3

      Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

    • @MarkGrimm8
      @MarkGrimm8 5 หลายเดือนก่อน +3

      My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.

    • @emiliabucks33
      @emiliabucks33 5 หลายเดือนก่อน +3

      Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

  • @HayK47
    @HayK47 5 ปีที่แล้ว +8878

    I don’t resent anyone who’s rich but someone who eats a steak covered in gold lacks class.

    • @CSX-rv1ci
      @CSX-rv1ci 5 ปีที่แล้ว +191

      What about mr.beast?

    • @HayK47
      @HayK47 5 ปีที่แล้ว +40

      CSX7888 King .....huh?

    • @MOX-ch2
      @MOX-ch2 5 ปีที่แล้ว +515

      I hear it doesn't even taste like anything.. which makes it all the more worse

    • @HayK47
      @HayK47 5 ปีที่แล้ว +422

      Suni Victor there’s plenty of rich people that I despise or think “how did this clown get rich?” but I don’t resent them for being rich. Gold should be on display, used in products, or in a safe - not pooped out.

    • @przybyla420
      @przybyla420 5 ปีที่แล้ว +29

      Very poor taste?

  • @L0nel13
    @L0nel13 4 ปีที่แล้ว +2208

    "Gold is very hard to mine"
    This is why you should enchant your pickaxe with efficiency

    • @Nahte5
      @Nahte5 4 ปีที่แล้ว +19

      *d u h*

    • @Anonymous-nj6of
      @Anonymous-nj6of 4 ปีที่แล้ว +1

      @@Nahte5 ur profile pic tho 😶

    • @Blue-pk4ny
      @Blue-pk4ny 3 ปีที่แล้ว +14

      Or go to a Badlands biome where there's gold galore!

    • @farahmorsy3628
      @farahmorsy3628 3 ปีที่แล้ว +1

      E x a c t l y

    • @Kaiju99
      @Kaiju99 3 ปีที่แล้ว

      This comment is funny

  • @MrFrozenDivine
    @MrFrozenDivine 5 ปีที่แล้ว +2009

    Gold is money, everything else is credit.
    - J.P Morgan

    • @piersmartin9140
      @piersmartin9140 4 ปีที่แล้ว +6

      Exactly

    • @MissAliviaKE
      @MissAliviaKE 4 ปีที่แล้ว +4

      Justin Trudeau gold available for sale

    • @TheJuanito1123
      @TheJuanito1123 4 ปีที่แล้ว +1

      @Justin Trudeau everthing scares is expensive thats how our economy works.. and thats why we have hoarders

    • @pathfinder9071
      @pathfinder9071 4 ปีที่แล้ว

      Justin Trudeau diamonds no silver yes

    • @thomas_tk330
      @thomas_tk330 4 ปีที่แล้ว +10

      Floor is floor
      - Buzz Lightyear

  • @christianaemilio1
    @christianaemilio1 ปีที่แล้ว +414

    People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.

    • @williamculligan
      @williamculligan ปีที่แล้ว +3

      I find gold investment reliable and aim to buy more to recover losses. Silver is also a good investment but differs from my collectibles. Clear investment goals and education are very crucial.

    • @c.moeller
      @c.moeller ปีที่แล้ว

      That is why I work with John Desmond Heppolette, who introduced me to a better financial community, an established organization where I learned how investing works and how to make the right choice of investment, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made..

    • @luis-gabriel1
      @luis-gabriel1 ปีที่แล้ว +1

      Investing in gold, silver, digital currencies, real estate and stocks is a good idea, a good investing system would put you through many years of success.

    • @jedcasillas5171
      @jedcasillas5171 ปีที่แล้ว +14

      Thanks ChatGPT

    • @stephencampbell2018
      @stephencampbell2018 4 หลายเดือนก่อน

      Carries risk? The only risk is if someone tries to steal it from you.

  • @d3vilmaycry25
    @d3vilmaycry25 3 ปีที่แล้ว +2230

    I could never describe the contempt I hold to that “Genius” who thought the idea to put gold in food. It is an insult to the element.

    • @henrysukati2889
      @henrysukati2889 3 ปีที่แล้ว +43

      Someone finally said it

    • @vojacked305
      @vojacked305 3 ปีที่แล้ว +175

      What's better than being able to eat gold? Being able to shit gold 😎

    • @origamiskies
      @origamiskies 3 ปีที่แล้ว +129

      I agree with this sentiment 100%. A rare and uniquely-colored metal...and it's being used as a tasteless decoration on food. Disgusting.

    • @dhruvavikas1632
      @dhruvavikas1632 3 ปีที่แล้ว +12

      the only use of it is that youtubers pull in millions of views by stupid people by eating it

    • @LuxAudio389
      @LuxAudio389 3 ปีที่แล้ว +8

      Tell me where they live and I will do the dirty work of cleaing their toilets 😉 no need to flush. I got this 🤣

  • @KGDHMF
    @KGDHMF 4 ปีที่แล้ว +6264

    “Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants - but debt is the money of slaves.” - Norm Franz

    • @sorinbunea471
      @sorinbunea471 4 ปีที่แล้ว +38

      I just find myself wasn't sure , thanks

    • @iron1975
      @iron1975 4 ปีที่แล้ว +104

      I like silver more than gold actually

    • @HaXD1209
      @HaXD1209 4 ปีที่แล้ว +90

      Univer students: Guess I am a slave

    • @augustinefaithdefender
      @augustinefaithdefender 4 ปีที่แล้ว +45

      I dont have any debt, I am happy to be a peasant 😂

    • @anabonet533
      @anabonet533 4 ปีที่แล้ว +1

      It is impossible to return to the Gold Standard. See this video: th-cam.com/video/iiKr-i022mY/w-d-xo.html

  • @MrFat1337
    @MrFat1337 5 ปีที่แล้ว +4440

    Short Answer: It's expensive because its gold.

    • @EslamAbdo1919
      @EslamAbdo1919 5 ปีที่แล้ว +91

      expensive because people want it. that's where product price come from .. demand .. and of course add greedy capitalism.
      if people, for example, started to love silver and decided that it's more desirable, its price will skyrocket

    • @93rjose
      @93rjose 5 ปีที่แล้ว +3

      Eslam Abdo no it’s just more rare

    • @EslamAbdo1919
      @EslamAbdo1919 5 ปีที่แล้ว +1

      @@93rjose that's true, it's relatively rare and takes part in gold pricing. but a big chunk of the price still comes from the demand

    • @EslamAbdo1919
      @EslamAbdo1919 5 ปีที่แล้ว +3

      @Rolman80 80 greed is as old as humans. Capitalism is a manifestation of greed in our modern society.

    • @ainzooalgown7589
      @ainzooalgown7589 5 ปีที่แล้ว +6

      But still cheaper than PRINTER CARTRIDGES

  • @Movie_Games
    @Movie_Games 3 ปีที่แล้ว +2104

    Knowing this it seems like a huge waste to use gold on jewelry.

    • @onaisarehmani2884
      @onaisarehmani2884 3 ปีที่แล้ว +34

      Where else should it be used. ?

    • @MiraNecole
      @MiraNecole 3 ปีที่แล้ว +80

      I hardly care much about jewellery honestly

    • @LevSeven_
      @LevSeven_ 3 ปีที่แล้ว +343

      @@onaisarehmani2884 technology

    • @ducminh7568
      @ducminh7568 3 ปีที่แล้ว +232

      @@onaisarehmani2884 you didn't watch the video ???

    • @TheBooban
      @TheBooban 3 ปีที่แล้ว +60

      @@LevSeven_ well, if its so valuable for technology be prepared to pay for my cold chain when the mines run out.

  • @heshamhassaan
    @heshamhassaan 5 ปีที่แล้ว +2941

    the video didn't answer why more rare metals are alot less expensive than gold...

    • @ballistaguard9772
      @ballistaguard9772 5 ปีที่แล้ว +81

      It absolutely did.

    • @Deathmastertx
      @Deathmastertx 5 ปีที่แล้ว +352

      Less demand.

    • @WaffleSauze
      @WaffleSauze 5 ปีที่แล้ว +271

      none are as useful as gold.. think conductivity.. electronics.. dentures.. etc..

    • @Yggdrasilkuru
      @Yggdrasilkuru 5 ปีที่แล้ว +14

      Cr_hazy platinum is way better then gold In conductivity

    • @GurdeepSingh-ir2de
      @GurdeepSingh-ir2de 5 ปีที่แล้ว +13

      Hesham Hassaan 1:13

  • @DreadNawght
    @DreadNawght 4 ปีที่แล้ว +686

    "Can we have another bottle of mercury please, this gold steak made me thirsty"

    • @dhruvavikas1632
      @dhruvavikas1632 3 ปีที่แล้ว +1

      @@sijdnsd6460 well mummys arent real too

    • @iwillstealbradyandlockhimi3523
      @iwillstealbradyandlockhimi3523 3 ปีที่แล้ว +9

      @@dhruvavikas1632 Wait you seriously think mummies aren’t real?

    • @dhruvavikas1632
      @dhruvavikas1632 3 ปีที่แล้ว +5

      @@iwillstealbradyandlockhimi3523 i mean mummies that are shown in movies the ones with bandages all around and walking with their arms forward

    • @iwillstealbradyandlockhimi3523
      @iwillstealbradyandlockhimi3523 3 ปีที่แล้ว +9

      @@dhruvavikas1632 oh ok it sounded like you meant that the dead mummies weren’t real

    • @MasterMayhem78
      @MasterMayhem78 3 ปีที่แล้ว +1

      Funny thing is, Mercury can be transmuted into gold.

  • @NotTheFBI_OFFICIAL
    @NotTheFBI_OFFICIAL 5 ปีที่แล้ว +2985

    Q: Why is gold so expensive?
    A: Because its not cheap.

    • @touchofthorn1841
      @touchofthorn1841 5 ปีที่แล้ว +78

      Thanks FBI for that information

    • @tenderandmoist5011
      @tenderandmoist5011 5 ปีที่แล้ว +18

      Thank you Mr.FBI
      Very cul

    • @TheAilmam
      @TheAilmam 5 ปีที่แล้ว +26

      Go home fbi, youre drunk

    • @phamdunk3345
      @phamdunk3345 5 ปีที่แล้ว +57

      “Every 60 seconds in Africa, a minute pass”

    • @divyagulwani2710
      @divyagulwani2710 5 ปีที่แล้ว +8

      @@phamdunk3345 thanks 4ur infotmation

  • @Delta11C1
    @Delta11C1 ปีที่แล้ว +36

    Note for the editor: Watch main plates are made of brass generally, not gold. If they aren't brass then it is made of a harder metal usually to prevent flexing on a super thin movement which would affect the way gears engage. I only say this because the beginning explanation of gold is over video showing a watchmaker doing perlage on a brass main plate. Probably only watchmakers will notice, but just wanted throw a little knowledge out there in case it actually mattered to anyone.

  • @barttfisher
    @barttfisher 7 หลายเดือนก่อน +243

    Analysts at JP Morgan have predicted that Bitcoin (BTC) could fall below $1,260, while banks will not benefit from blockchain for at least three to five years, Reuters reported on Jan. 24.
    According to Reuters, analysts from the major global investment bank think that the true value of cryptos is still unproven, and that they only make sense in a hypothetical “dystopian” event, wherein investors have lost faith in major traditional assets like gold and the U.S. dollar. The analysts stated in a report:
    “Even in extreme scenarios such as a recession or financial crises, there are more liquid and less-complicated instruments for transacting, investing and hedging [than cryptocurrencies].”

    • @HildaBennet
      @HildaBennet 7 หลายเดือนก่อน

      It's best to seek a manager right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.

    • @PennyBergeron-os4ch
      @PennyBergeron-os4ch 7 หลายเดือนก่อน

      How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

    • @JoaoCosta-ly1sw
      @JoaoCosta-ly1sw 2 หลายเดือนก่อน

      Just goes to show how in every age of humanity, elites are always out of touch with reality. We’re already living in a dystopia and we already lost faith in institutional money. Even in a bear market Bitcoin performed better than the US dollar.

  • @Log1cTech
    @Log1cTech 5 ปีที่แล้ว +284

    It’s rare
    It’s real
    It’s difficult/expensive to get
    It’s useful
    It’s beautiful

    • @paqua13yearsago6
      @paqua13yearsago6 4 ปีที่แล้ว +8

      My mother have a pair of gold earrings.
      My Family have a collection of gold necklaces. xD
      Even though it’s very expensive, we bought it anyway. :p
      Gold is very heavy btw.

    • @elliotlewis9333
      @elliotlewis9333 4 ปีที่แล้ว +2

      @SAA that was collected over literally hundreds or even thousands of years. There's lot's of gold available only because it actively seeked out to be mined.

    • @Izya_Rabinovich
      @Izya_Rabinovich 4 ปีที่แล้ว +1

      do you speak about white people ?

    • @masterdementer
      @masterdementer 4 ปีที่แล้ว

      It's G-O-L-D

    • @The-Battle-Brother
      @The-Battle-Brother 2 ปีที่แล้ว

      LogicTech That just about sums it up, yes.

  • @ringeldingel4445
    @ringeldingel4445 5 ปีที่แล้ว +491

    “They send it back to the universe, where it came from.”
    Bruh the earth is also in the universe

    • @ExtremeMadnessX
      @ExtremeMadnessX 5 ปีที่แล้ว +20

      Gold came on Earth in same way as others elements, and yeah, why people still talk about Earth as it's not part of the universe?

    • @Darling-su3ci
      @Darling-su3ci 4 ปีที่แล้ว +13

      Extreme Madness I think people talk this way because yes we are part of the universe but the vast majority of the universe I beyond the possibility of human interaction with it even with the most crazy future technology. So people tend to differentiate between us and it. It’s like being on an island being unable to swim but seeing land but knowing you’ll never get there so you just start thinking of it as separate from you.

    • @polarbear367
      @polarbear367 4 ปีที่แล้ว +1

      Ikr

    • @itanongmokayboyd.letmeeduc1969
      @itanongmokayboyd.letmeeduc1969 4 ปีที่แล้ว +1

      gold a mineral came from earth while uranium and plotonium a mineral outside earth, carried by an astoroid drops to earth. it was a prime ingridient for making nuclear war head, 179,600 tons gold came from ophir and 124,000 ton used as monetary unit, distributed in 155 nation including 40,000 ton for US dollar as standard monetary unit in world market. 55,000 ton still burried and the bulk of it is iin the philippines. and the philippines is the ophir.

    • @sunnyjoy229
      @sunnyjoy229 4 ปีที่แล้ว +1

      They are covertly saying that Earth was created by God😏

  • @parkeerdarkeer
    @parkeerdarkeer 3 ปีที่แล้ว +341

    Bro gold is out here being one of the most useful materials on the planet but people really only care that its shiny

    • @randylahey2242
      @randylahey2242 3 ปีที่แล้ว +22

      no they care because its rare and is an extremely safe investment

    • @ministerofchlorine9090
      @ministerofchlorine9090 3 ปีที่แล้ว +1

      and also edible which literally taste nothing ;-;

    • @NazriB
      @NazriB 2 ปีที่แล้ว +1

      Lies again? Sexual Favors

    • @chrisbuckley1785
      @chrisbuckley1785 2 ปีที่แล้ว +2

      @@randylahey2242 This is it. The fact that it's shiny and can be made in to "pretty" jewelry is just an added bonus.

    • @AdamJensen_
      @AdamJensen_ 2 ปีที่แล้ว +2

      @Parker Darker No, people care because it's rare and useful, child. Did you even watch the video? Smh

  • @rapaladude
    @rapaladude 5 ปีที่แล้ว +1927

    Geologist actually estimate that there’s just as much gold left in the ground as has been mined.

    • @rubenscott3972
      @rubenscott3972 5 ปีที่แล้ว +148

      There is much more gold just like oil and natural gas diamonds but you can’t allow it the world will be destroyed if that happen

    • @aersn4locs
      @aersn4locs 5 ปีที่แล้ว +32

      Nah all the current gold extracted from earth only equates to about 20 meters all around so there's not that much

    • @xxgoldmoney
      @xxgoldmoney 5 ปีที่แล้ว +48

      A one dimensional unit doesn’t make sense. Also a 2 dimensional unit (area) wouldnt make sense either. U sure ur not meaning 20m^3 (volume)

    • @stevenbrown3783
      @stevenbrown3783 5 ปีที่แล้ว +45

      There is way more gold then theses idiots tell us we can only dig so far in the earth if we can go deeper they will find a lot more then they r telling us and as for only 20 years left of gold on earth come on guys we r not that stupid.

    • @johnsmith-wx5fb
      @johnsmith-wx5fb 5 ปีที่แล้ว +20

      They dont know anything regards the true amount to be got hold of. Its speculation5

  • @PAO_WAO
    @PAO_WAO 5 ปีที่แล้ว +425

    They realize the car wrap they showed isn't made of gold right?

    • @kasperpoplawski7343
      @kasperpoplawski7343 5 ปีที่แล้ว +6

      Pierre-Emerick Aubameyang

    • @shmokealot778
      @shmokealot778 4 ปีที่แล้ว +49

      its just a wrap imagine how heavy that car would be

    • @shmokealot778
      @shmokealot778 4 ปีที่แล้ว +3

      forever0042000 nope

    • @rey4243
      @rey4243 4 ปีที่แล้ว

      @forever0042000 yes , it's owned by the prince of dubai , I guess

    • @rey4243
      @rey4243 4 ปีที่แล้ว +1

      @@shmokealot778 I live in dubai and I know it's owned by the royal family

  • @Emerald29
    @Emerald29 4 ปีที่แล้ว +2579

    I heard Gold tastes basically nothing, so rich people are actually just wasting gold just for the lols....

    • @stalinsmum6475
      @stalinsmum6475 4 ปีที่แล้ว +36

      yeah and we like it that way

    • @stalinsmum6475
      @stalinsmum6475 4 ปีที่แล้ว +6

      Madhav Ignihir you don’t have to believe, belief is good for religions, they offer you no evidence, they just tell you to feel it in your heart and stuff like that, reality doesn’t ask for believing, it is not questionable.

    • @stalinsmum6475
      @stalinsmum6475 4 ปีที่แล้ว +6

      Madhav Ignihir I shall, If you were part of aristocracy, you wouldn’t even try to underestimate me.

    • @justinm16
      @justinm16 4 ปีที่แล้ว +21

      did you think gold would taste flavorful?

    • @stalinsmum6475
      @stalinsmum6475 4 ปีที่แล้ว +3

      Justin Maish Well, it has a nice feel normally but gold leafs have no taste... Maybe it was a small dose, I’ll try a small pearl made of gold maybe it has some taste.

  • @elvismark5172
    @elvismark5172 ปีที่แล้ว +896

    At the beginning of the year, I have continued to purchase a few equities, but nothing significant. Why am I being so unkind to this? The fact that others in my field make six figures each piece, nevertheless, motivates me to want to be the first member of my polygamous family to earn a million dollars. I am fully aware of the expense of working more to get more money.

    • @thomaslewis514
      @thomaslewis514 ปีที่แล้ว +1

      If the market has taught me anything, it's that it typically makes a comeback, but I can't seem to focus on the long term, particularly because crucial factors like my retirement and my reserve are having a devastating influence on inflation. As soon as is practical, I need a solution and a data trajectory that I can trust.

    • @alexanderjames3043
      @alexanderjames3043 ปีที่แล้ว +1

      Not because you're doing anything wrong, but because you lack the understanding necessary to prosper in a bad market. As they will have experienced the 2008 financial crisis, it is advisable to seek out a financial advisor who has generated a sizeable profit through difficult times like these

    • @waynestones
      @waynestones ปีที่แล้ว +1

      @@alexanderjames3043 Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?

    • @alexanderjames3043
      @alexanderjames3043 ปีที่แล้ว +1

      @@waynestones Yeah, I have total faith in a financial advisor who is certified by the US SEC. In fact, I'm not sure whether I'm allowed to disclose this, but I'd suggest checking up "sharon lee casey" because she was a huge issue in 2020. She is my mentor in addition to managing my investments.

    • @AnthonyHart34
      @AnthonyHart34 ปีที่แล้ว +1

      @@alexanderjames3043 She has excellent credentials and an outstanding occupation. Hence, I swiftly copied Sharon's whole name and typed it into my browser. I'm curious to discover why she is so busy, and despite the fact that she has unquestionably good credentials, I nevertheless schedule a meeting with her.

  • @Iburn247
    @Iburn247 4 ปีที่แล้ว +306

    You know who made the most consistent money during the gold rush? The ones selling the shovels and the maps

    • @imho2278
      @imho2278 3 ปีที่แล้ว +16

      And the bars, and the women.

    • @ALCRAN2010
      @ALCRAN2010 3 ปีที่แล้ว +1

      @@imho2278 , yeah, the Trumps.

    • @sleekoduck
      @sleekoduck 3 ปีที่แล้ว +4

      And the blue jeans.

    • @yourboyfriend9480
      @yourboyfriend9480 3 ปีที่แล้ว

      no, the gold hunter make more
      the one selling map and shovel is only like broker

    • @samsonsoturian6013
      @samsonsoturian6013 3 ปีที่แล้ว +2

      Not maps, those were expensive. But anything that wasn't locally available including food.

  • @shashank1082
    @shashank1082 4 ปีที่แล้ว +871

    I Love Gold because:
    * It looks Great.
    * Its Rare.
    * It's Practically Impossible to Corrode or Rust.
    * It's Gold.

    • @TeluguBullionaire
      @TeluguBullionaire 4 ปีที่แล้ว

      th-cam.com/video/mBWJJpg86Sg/w-d-xo.html

    • @stephenriley971
      @stephenriley971 4 ปีที่แล้ว +54

      *And the Government can't print it!

    • @emmasandstone4754
      @emmasandstone4754 4 ปีที่แล้ว +12

      and it’s hypoallergenic

    • @marymaynor3345
      @marymaynor3345 4 ปีที่แล้ว +3

      @@stephenriley971 the government has been printing gold coins for year's. I think you ment that the government can't make gold I mean not true 100% real gold. But given time just like diamond's it just may be possible.

    • @devoncampny9328
      @devoncampny9328 4 ปีที่แล้ว +3

      Emma Sandstone not to mention completely gluten and GMO free

  • @theasiandoc
    @theasiandoc 5 ปีที่แล้ว +401

    Business Insider’s way of telling the masses to invest in gold??? 🤔

    • @MonarchPoolPlaster
      @MonarchPoolPlaster 5 ปีที่แล้ว +6

      Precious metals are mostly just a hedge against inflation.

    • @Chironex_Fleckeri
      @Chironex_Fleckeri 5 ปีที่แล้ว +8

      @Dr.Science This is an astonishingly ignorant statement. Gold is pretty much a hedge against your own economy. You're literally betting against your currency/financial system. Gold is not a good investment unless you expect all other financial instruments to be worthless in the near future. Buying gold is just a diversified savings account, unless the world economy collapses.
      Read this: From 1972 through 2013, common stocks returned 14.68 percent in falling rate environments while gold futures returned 7.85 percent. In rising rate environments, stocks returned 8.47 percent while gold only returned 4.86 percent. When rates were flat, stocks provided a gain of 10.61 percent and gold returned 8.61 percent.
      Paper currency is foolish to hold, but you're clearly not well off you think gold is in itself an investment. Educate yourself. Stop upvoting this shit.

    • @Chironex_Fleckeri
      @Chironex_Fleckeri 5 ปีที่แล้ว

      @ From 1972 through 2013, common stocks returned 14.68 percent in falling rate environments while gold futures returned 7.85 percent. In rising rate environments, stocks returned 8.47 percent while gold only returned 4.86 percent. When rates were flat, stocks provided a gain of 10.61 percent and gold returned 8.61 percent.
      1972 is the year our currency became fiat. You gold investors (I doubt you own any substantial assets at all) have no room to talk. It underperforms in every market condition imaginable.

    • @Chironex_Fleckeri
      @Chironex_Fleckeri 5 ปีที่แล้ว +3

      @Dr.Science youre a child professing investment advice on TH-cam. Look at you, you watch video game cartoons.
      I've worked in corporate finance for 7 years and I have an MBA, CPA, and CMA. Stay in school

    • @IonorReasSpamGenerator
      @IonorReasSpamGenerator 5 ปีที่แล้ว

      @Dr.Science Proliferation of carbon-based superconductors can reduce demand thus the price of the gold in the same fashion as the proliferation of electric cars in the following decades can reduce demand and thus cost of oil, how these things affect the economic variables like petrodollar is yet to be seen, but stocking gold to provide for future of your children may be less sensible than diversified investment in houses, stocks etc. which value is more likely to grow in the future if chosen well compared to gold...

  • @notgian_
    @notgian_ 3 ปีที่แล้ว +52

    We tried the gold steak once, the gold just make it less appealing.
    Try to imagine eating steak with very soft foil

    • @glitchedrobot4670
      @glitchedrobot4670 3 ปีที่แล้ว +2

      Eww

    • @user-ou5jm4mo4c
      @user-ou5jm4mo4c 3 ปีที่แล้ว +1

      𝒉𝒐𝒘 𝒊𝒕 𝒄𝒐𝒔𝒕

    • @notgian_
      @notgian_ 3 ปีที่แล้ว +6

      @@glitchedrobot4670 yeah it was gross, the steak was good but the foil is just so unessecary and it made everything worse

    • @notgian_
      @notgian_ 3 ปีที่แล้ว +12

      @@user-ou5jm4mo4c idrk, it was my parents who ordered it since it was their mining company's 10th year anniversary, and yeah the gold was from them-

    • @TheAustralian1x
      @TheAustralian1x 2 ปีที่แล้ว +1

      Scrape it off an put it in your pocket 😄

  • @IraJavier
    @IraJavier 5 ปีที่แล้ว +208

    When people eat the gold, do they dig it out of their feces after?
    Asking for a friend.

    • @KevinSciancalepore
      @KevinSciancalepore 4 ปีที่แล้ว +14

      Makes my dookie twinkle

    • @robertoh.20
      @robertoh.20 4 ปีที่แล้ว +39

      they eat about $0.06 worth of gold, would you dig through your shit for 6 cents?

    • @JB-zo7ln
      @JB-zo7ln 4 ปีที่แล้ว +36

      Yes. You should eat gold just so you play with your feces afterwards. It's a very sane and normal behavior.

    • @kassiep
      @kassiep 4 ปีที่แล้ว +2

      I've eaten gold just for the hell of trying it and seeing what it tastes like, don't the same for diamonds too lol. I'm not rich, just got curious enough to save and buy enough to eat it afew times. Has no taste really. Yes we just shit it out and don't look back lol

    • @NAT-turners-Revenge
      @NAT-turners-Revenge 4 ปีที่แล้ว

      🤣😂🤤

  • @fluzznation5262
    @fluzznation5262 4 ปีที่แล้ว +464

    Dude the cars in “gold” are not even real gold its just a wrap

    • @goreandhoodies3626
      @goreandhoodies3626 4 ปีที่แล้ว +16

      Ya because gold is too soft

    • @jamiehughes5573
      @jamiehughes5573 4 ปีที่แล้ว +26

      The gold could be scratched off

    • @joeydelmarco9879
      @joeydelmarco9879 3 ปีที่แล้ว +22

      People would chip some off if it was real😂💀

    • @ILovePancakes24
      @ILovePancakes24 3 ปีที่แล้ว +1

      Gold plated car

    • @BaderHashmeh
      @BaderHashmeh 3 ปีที่แล้ว +4

      I cant be the only one who thought it was real gold

  • @ph4rohhumuli
    @ph4rohhumuli 5 ปีที่แล้ว +288

    Business insider: gold is very expensive
    Minecraft: hold my milk.

    • @CRNCHY
      @CRNCHY 4 ปีที่แล้ว +8

      At least we can craft golden apples tho

    • @tentilol
      @tentilol 4 ปีที่แล้ว

      terraria: bar of gold only makes a few silver coin leleleleleleleleleleleleleleleleelelelelelleleleleeleleleleleleleelleleleleleleleleleelleleleleleleelellelel

    • @Blue-pk4ny
      @Blue-pk4ny 3 ปีที่แล้ว

      @@CRNCHY And I your a genius we could craft powered rails

  • @JonatasAdoM
    @JonatasAdoM 3 ปีที่แล้ว +58

    Imagine being part of the last generation in history that still could dig gold from the soil.

  • @januzairamli4426
    @januzairamli4426 5 ปีที่แล้ว +344

    "Beef steak"
    The snow is now snowier

    • @thatsnodildo1974
      @thatsnodildo1974 5 ปีที่แล้ว +15

      I mean there is salmon steak

    • @Fishlipsandbabyhands
      @Fishlipsandbabyhands 5 ปีที่แล้ว +9

      And steak steak

    • @coreytaylor447
      @coreytaylor447 5 ปีที่แล้ว +13

      you can make a steak out of any slab of meat, it might be called something different but it would still be a steak

    • @Fishlipsandbabyhands
      @Fishlipsandbabyhands 5 ปีที่แล้ว +3

      Before anyone says anything water is not wet so don’t say that shit

    • @ahmadmansour3750
      @ahmadmansour3750 5 ปีที่แล้ว +1

      And water is wet

  • @codycast
    @codycast 5 ปีที่แล้ว +600

    Uh because gold has been used as “money” for most of human history and it takes a lot of human labor and capital to recover

    • @rubenscott3972
      @rubenscott3972 5 ปีที่แล้ว +16

      There is more gold than you think just like diamonds and oil natural gas every few years somehow we find untapped resources but you can’t allow ppl to know or it will lower its cost

    • @mbahmarijan789
      @mbahmarijan789 5 ปีที่แล้ว +1

      Recover what?

    • @salamahmed3996
      @salamahmed3996 5 ปีที่แล้ว +7

      And that is why: China , Italy , U.K. , U.S.A. , Russia , France. are keep piling up the Gold. They are preparing for greatest economic crash ever.

    • @Fusiongearz
      @Fusiongearz 5 ปีที่แล้ว

      What are you doing making a comment? Go on over to Business Insider's offices and demand they give you a job. Clearly, you are very well versed on gold so you should of done the video. Plus, I'm sure they won't mind paying you in gold either. It's a win-win situation. Better videos from an expert such as yourself and more educated people on the internet. We clearly need more of those around here don't we?

    • @williamwilson6499
      @williamwilson6499 5 ปีที่แล้ว

      @@Fusiongearz Should of?

  • @jm309767
    @jm309767 5 ปีที่แล้ว +101

    "Beautiful design on it; and that, [it] adds a degree of emotion to it." Spoken likea true salesman.

    • @SARYM911
      @SARYM911 5 ปีที่แล้ว +10

      "A diamond is forever"

  • @timscoviac
    @timscoviac 3 ปีที่แล้ว +16

    It makes for a great physical currency because of the fact it’s rare, but not to rare like some other metals, so there is still enough to go around and be used, liquidated. Other metals are too rare and there’s barely enough to go around. And some metals aren’t stable and very reactive. Gold is a stable, very eye appealing, rare metal. And metals are the best choice for currency because they last the longest. Silver is a great currency too because it’s rare, not as rare but rare compared to a lot of materials and most other metals. Has even more industrial uses, is eye appealing, and also is malleable like gold. Silver does tarnish but is easily cleaned

  • @nyx8385
    @nyx8385 4 ปีที่แล้ว +46

    Just build a zombie pigman farm you have gold for DAYS!!

  • @cosmicblox5946
    @cosmicblox5946 3 ปีที่แล้ว +267

    "Gold could be rarer in the near future"
    Elon Musk: Laugh's in asteroid mining investments

    • @xy69161
      @xy69161 3 ปีที่แล้ว +16

      just not gonna happen though, that asteroid psyche 16 is light years away from earth and its possible - not confirmed that its just full of gold, nobody is gonna spend that much fiat to mine it all especially when you bring it back youre gonna crash the gold market and itll be worthless anyway even if you did

    • @cosmicblox5946
      @cosmicblox5946 3 ปีที่แล้ว +2

      @@xy69161 you have a point but I was trying to say that Elon Musk could have plans to mine gold in space in a few decades

    • @daniellu1321
      @daniellu1321 3 ปีที่แล้ว +10

      @@xy69161 well tbf, gold being worthless because of an excess is relatively a great thing because then it could become a comodity among the middle class

    • @AugmentedGravity
      @AugmentedGravity 3 ปีที่แล้ว

      @@xy69161 thats one spesific asteroid... there are litteraly endless ammounts of them in not just the universe, but even our own cosmic backyard.

    • @Loading-lg6hs
      @Loading-lg6hs 3 ปีที่แล้ว +2

      @@AugmentedGravity The gold retrieved from them would likely be more expensive because of the cost it would take to not only mine them from the asteroid, but also carry them back however many millions of miles back to Earth

  • @patrickt873
    @patrickt873 5 ปีที่แล้ว +191

    Gold is real money. Everything else is credit

    • @blixx87
      @blixx87 5 ปีที่แล้ว +14

      You must be above 50 years old. Millennials don’t care about shiny cute rocks

    • @topg2820
      @topg2820 5 ปีที่แล้ว +29

      @@blixx87 you must be above 35yro, zoomers aren't as dumb as millennials and love Gold

    • @Aschraffff
      @Aschraffff 5 ปีที่แล้ว +8

      Why would gold be considered currency and not any other mineral or material?
      The gold standard era is long over.

    • @hmmm3210
      @hmmm3210 5 ปีที่แล้ว +4

      @@Aschraffff fok off

    • @todaystomorrow4474
      @todaystomorrow4474 5 ปีที่แล้ว +8

      @Aschraffff curious that central banks all over the globe are currently committed to acquiring more gold than ever

  • @binaryinvestment.1616
    @binaryinvestment.1616 3 ปีที่แล้ว +480

    Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works

    • @binaryinvestment.1616
      @binaryinvestment.1616 3 ปีที่แล้ว

      Assets that can make one successful in life

    • @binaryinvestment.1616
      @binaryinvestment.1616 3 ปีที่แล้ว

      I.Crypto
      2.Stocks
      3.Shores

    • @natashathewwills2132
      @natashathewwills2132 3 ปีที่แล้ว +1

      It's not ignorance but unprofessional broker in the market....

    • @natashathewwills2132
      @natashathewwills2132 3 ปีที่แล้ว

      Investing in cryptocurrency now will be the best thing to do especially with the current rise in the market....

    • @natashathewwills2132
      @natashathewwills2132 3 ปีที่แล้ว

      people are really making a lot of money from it..

  • @cactodagod9236
    @cactodagod9236 5 ปีที่แล้ว +135

    Au: best conductor
    Ag: Offended

    • @aaebsssb9914
      @aaebsssb9914 4 ปีที่แล้ว

      Superconductors are better

    • @writwits5826
      @writwits5826 4 ปีที่แล้ว +1

      aapeli123 Yeah but then it’s not a single element

  • @adamb6791
    @adamb6791 5 ปีที่แล้ว +325

    I think so expensive is running out of ideas

  • @BusyBodyVisa
    @BusyBodyVisa 4 ปีที่แล้ว +184

    This reminds me of when they kept telling us that we were going to run out of oil in the 1970s

    • @youtubenorthish3242
      @youtubenorthish3242 3 ปีที่แล้ว +1

      Here, here or contemporaneously "this".

    • @youtubenorthish3242
      @youtubenorthish3242 3 ปีที่แล้ว

      hear ye, hear ye; I can read.

    • @williamkinkade2538
      @williamkinkade2538 3 ปีที่แล้ว +5

      Thier is gold in every river and ocean in the world it will just be more difficult and more expensive to mine..

    • @js32257
      @js32257 3 ปีที่แล้ว +12

      We are going to run out of oil eventually. Maybe 50 ish years from now.

    • @Kamal_AL-Hinai
      @Kamal_AL-Hinai 3 ปีที่แล้ว

      They said the same thing about iron... "Arriving earth by a single meteorite" no way!

  • @zed.i9033
    @zed.i9033 3 ปีที่แล้ว +23

    That guy : Gold is a perfect conductor of electricity
    Silver and Cu : are we a joke to you??

    • @yourboyfriend9480
      @yourboyfriend9480 3 ปีที่แล้ว +5

      silver and cu is good but not as good as gold

    • @vianneyneba5856
      @vianneyneba5856 3 ปีที่แล้ว

      Platinum is even better

    • @user-em8fq2ev4b
      @user-em8fq2ev4b 3 ปีที่แล้ว +5

      @@yourboyfriend9480 erm...if we are talking about conductivity silver is more conductive than gold

    • @user-em8fq2ev4b
      @user-em8fq2ev4b 3 ปีที่แล้ว +1

      @@vianneyneba5856 In terms of conductivity...no.
      Not even close.

    • @andrewd5135
      @andrewd5135 3 ปีที่แล้ว +2

      @@user-em8fq2ev4b they use gold because it doesn't oxidize

  • @leaderunith4l324
    @leaderunith4l324 4 ปีที่แล้ว +248

    ‘Gold could become even more expensive’
    Not when asteroid mining becomes a thing

    • @soggybiscuitz5985
      @soggybiscuitz5985 4 ปีที่แล้ว +35

      oh well. just gotta wait 300 more years

    • @potatoman8468
      @potatoman8468 4 ปีที่แล้ว +11

      @@soggybiscuitz5985 nah, this is 2020. Everyone will die by 2021. Big chances of asteroid hitting earth.

    • @senatorcatotheelder7530
      @senatorcatotheelder7530 4 ปีที่แล้ว +4

      A smart German scientist explain that we can start asteroid mining now. He explain that an rocket escape gravity by using fuel then use electrical fuel to go to an asteroid and grab it and then throw it to the orbit of earth.

    • @leaderunith4l324
      @leaderunith4l324 4 ปีที่แล้ว +8

      @@CelonixCleaningServicesLLC Keyword: *When*

    • @potatoman8468
      @potatoman8468 4 ปีที่แล้ว

      @@CelonixCleaningServicesLLC You don't have to pay if everyone is dead :)))))

  • @androsp9105
    @androsp9105 5 ปีที่แล้ว +11

    The expert looks exactly like what i'd expect a gold expert to look like.

  • @przybyla420
    @przybyla420 5 ปีที่แล้ว +47

    It’s really rare and you can do special stuff with it because it’s also really workable and doesn’t oxidize. This makes it last forever in a vault in an unchanged state (good for a currency). Unlike precious gems - which are also rare, unique and expensive - it can be divided into smaller units of exchange without lowering its value (and recast into large bars for convenience).
    No, it’s not because of the color (see the current platinum and palladium prices).

  • @kami3147
    @kami3147 ปีที่แล้ว +16

    It's valid everycentury and nowaday it is still popular among the people. Gold has pretty much always been used by humanity to store wealth. It’s rare, it’s stable, it’s shiny and glamorous, it’s malleable, meaning it can be easily made into things like crowns. Sure, metals like osmium and uranium may be much rarer, but they don’t have the glamour of gold, plus they are rare to a point that they have little demand compared to gold.

    • @cpK054L
      @cpK054L ปีที่แล้ว +1

      That's the key word "Stores" wealth, not "Builds" wealth.
      that's why it's not an investment, it's a hedge.
      All these "investors" getting mad about it "losing value" should just sell it at a loss, there are plenty of buyers willing to take it off their hands.

  • @ReinaldoMichael
    @ReinaldoMichael 5 ปีที่แล้ว +220

    $1500 gold is expensive...
    * Laughing in $1.5 Trillion deficit *

    • @novael6582
      @novael6582 5 ปีที่แล้ว +28

      Fun fact : Indian housewives hold 11% of the world's gold. That is more than the reserves of the USA, the IMF, Switzerland, and Germany put together.
      Source : internet

    • @LegendNinja41
      @LegendNinja41 5 ปีที่แล้ว +8

      @@novael6582 At first glance that seems an interesting fact but at the second look, maybe not so much since India has 1.4 billion people, so wives maybe make up 300-500 million people and the gold they got probably stems from other family members, fathers, mothers, their men who gifted it to them etc.

    • @wheneggsdrop1701
      @wheneggsdrop1701 5 ปีที่แล้ว +1

      @Igs We do no more gold standard tho
      But we have a reserve tho.

    • @scinary7052
      @scinary7052 5 ปีที่แล้ว +1

      @Igs The US has the largest gold reserve in the world.

    • @ArnhemAntiques
      @ArnhemAntiques 5 ปีที่แล้ว +1

      @@scinary7052 You mean the federal reserve...thats a private company.

  • @jackiearantes
    @jackiearantes 5 ปีที่แล้ว +28

    As an account executive in an advertising agency attending Anglogold here in Brazil, I had the opportunity to follow and been taught all steps of gold mining during a week at the underground mining pit 900 m profundity and I had the pleasure to hold a 12kg bar of gold in my hands at the end of the process. It was so mind-blowing! It was so soft my ring made a dent on it! I kept thinking what I could do with it and understood finally why it can causes a "fever".

  • @sherinsamuel8125
    @sherinsamuel8125 5 ปีที่แล้ว +19

    As an Indian nothing can get me away from gold jewelry!!! I

  • @Sunraysunshine
    @Sunraysunshine 3 ปีที่แล้ว +6

    50% share in jewellery because it is investment for middle class and upper class people. Although they charge making charges which costs more.

  • @EnoI539
    @EnoI539 4 ปีที่แล้ว +125

    Wait so he just found 17 pounds of gold in his yard.

    • @veryryan9771
      @veryryan9771 4 ปีที่แล้ว +46

      it just be like that sometimes

    • @xasharchangel4445
      @xasharchangel4445 4 ปีที่แล้ว +3

      @@veryryan9771 lol that’s an answer i would give

    • @Anonymous-nj6of
      @Anonymous-nj6of 4 ปีที่แล้ว +1

      @Random eurasians dude
      s
      A
      M
      E

    • @rainyoctober4683
      @rainyoctober4683 4 ปีที่แล้ว +5

      Their estimate is a bit off, they calculated the value of that 17 pound nugget purely in weight. Solid gold nuggets especially of that size are rarely smelted down, they are worth waaaaay more as a solid piece. Couple of mil easy, but yes at spot price (todays price per ounce) about $400k

  • @pushkarlakhe13
    @pushkarlakhe13 5 ปีที่แล้ว +107

    Short answer , Supply and Demand.
    ..... It has value because people think it has value... just like money

    • @WaffleSauze
      @WaffleSauze 5 ปีที่แล้ว +15

      umm we don't think it has value.. it actually does.. it has a ton of purposes.

    • @Chemnitz1988
      @Chemnitz1988 5 ปีที่แล้ว +4

      It is money :)

    • @jja1483
      @jja1483 5 ปีที่แล้ว +2

      Cr_hazy exactly gold and other precious metals can create technology, federal reserve note is just cotton a linen not backed by anything😑😒.

    • @conors4430
      @conors4430 5 ปีที่แล้ว +2

      Pushkar Lakhe Gold has internal value. Money has value because we agree it has value. If we don’t agree then it’s useless. Gold has value based on things we agree on but it also has inherent value which has nothing to do with opinion or agreement

    • @jja1483
      @jja1483 5 ปีที่แล้ว

      Conor S gold is also used in technology basically civilization 😉👍

  • @crackity1521
    @crackity1521 4 ปีที่แล้ว +176

    No one: I wonder why gold is so darn expensive
    Almost Everyone: *IT’S GOLD*

    • @OutragedPufferfish
      @OutragedPufferfish 3 ปีที่แล้ว

      "But tell me: how did gold get to be the highest value? Because it is uncommon and useless and gleaming and gentle in its brilliance; it always gives itself." - Friedrich Nietzsche

  • @shoryukenpower
    @shoryukenpower ปีที่แล้ว +4

    I love... gooooooooold! The look of it, the taste of it, the smell of it, the texture!

  • @maistooo
    @maistooo 5 ปีที่แล้ว +363

    Q: why gold is so expensive?
    A: because the price of it is high 😎

    • @LegendNinja41
      @LegendNinja41 5 ปีที่แล้ว +2

      didn't answer the question, why is that price so high huh?

    • @Exows
      @Exows 5 ปีที่แล้ว +5

      666 BRLN 999 it’s just a joke

    • @heronumbertwo3171
      @heronumbertwo3171 5 ปีที่แล้ว +1

      @@LegendNinja41 it smoked weed

    • @laturista1000
      @laturista1000 5 ปีที่แล้ว +1

      because the price reflects the inflationary nature of fiat currency and the devaluation of the US dollar and other overly produced fiat currencies around the world. Gold will only go higher and higher as more banks get into more debt and more Governments keep printing fiat currency to keep this money=debt ponzi scheme going. Meanwhile gold stays gold.

    • @DanielW607
      @DanielW607 4 ปีที่แล้ว

      Stolen comment

  • @birb3669
    @birb3669 3 ปีที่แล้ว +107

    people in the Chinese empire: *Suicide from swallowing gold bars
    People in the modern era: *eats gold for fun
    Oh how we've evolved

    • @postblitz
      @postblitz 3 ปีที่แล้ว +5

      \*rummage through rich person's feces\*
      I'm rich!

    • @birb3669
      @birb3669 3 ปีที่แล้ว +2

      @@postblitz oh god lol

    • @OutragedPufferfish
      @OutragedPufferfish 3 ปีที่แล้ว +1

      Edible gold has been a thing since the ancient Egyptians. It's not something modern.

  • @ru2225
    @ru2225 5 ปีที่แล้ว +20

    Artificial price, biggest scam after diamonds

    • @lambbone8302
      @lambbone8302 5 ปีที่แล้ว +5

      R U Don’t forget printer ink

    • @ArnhemAntiques
      @ArnhemAntiques 5 ปีที่แล้ว +1

      Gold has always been money, the paper you use to buy your stuff was always exchangeable for x amount of gold. Thats what gave it value and it sure as hell was easier to carry around in your wallet. Now you can no longer exchange this paper for x amount of gold, the two have been totally cut loose from each other. THAT was the biggest scam after diamonds. And I wish you paper''money'' boys all the best of luck next crisis, when hyperinflation is going to kick in due to unlimited printing.

    • @ru2225
      @ru2225 5 ปีที่แล้ว

      @@ArnhemAntiques paper? Crypto will be next anyways

    • @ihatem2970
      @ihatem2970 5 ปีที่แล้ว +2

      Yes that’s why every central bank on the planet are still hoarding it like if they were sick animals.
      Can’t understand why the central banks didn’t just throw that useless gold garbage in the streets.. Idiot . How about paper money- biggest scam in the history of the galaxy.

    • @ru2225
      @ru2225 5 ปีที่แล้ว

      @@ihatem2970 the price is inflated, never said its useless, stop making an ass out of yourself

  • @Sutterjack
    @Sutterjack 3 ปีที่แล้ว +19

    I spend a lot of time in the California gold country and I know things haven't changed since the 1800's - if it costs more to extract and process the ore than the value of gold itself you don't make a profit. I think of all the 49er's rolling in their graves when they prospected for $20-35 ounce. Even adjusted for inflation today's gold prices are insane.

  • @monke155
    @monke155 3 ปีที่แล้ว +30

    Why Gold is so expensive ?
    Me: BECAUSE GOLD IS GOLD!

    • @NoName-hi7qo
      @NoName-hi7qo 3 ปีที่แล้ว +1

      YUP 😏

    • @Space_and_history
      @Space_and_history 3 ปีที่แล้ว

      Gotcha gustefly funda

    • @irybfjbch1497
      @irybfjbch1497 3 ปีที่แล้ว +1

      Gold became less once they used it
      On computers and space missions.

    • @sten260
      @sten260 3 ปีที่แล้ว

      because gold is one of the best things you can own to protect your wealth, everything else that people own can become worthless (stocks, bonds, dollars etc)

    • @OutragedPufferfish
      @OutragedPufferfish 3 ปีที่แล้ว

      Gold is beautiful and rare, and we now know it comes from space. That's amazing. I love gold.

  • @boldwoman9012
    @boldwoman9012 3 ปีที่แล้ว +33

    It’s amazing how there are lots of ways now one can make money, that ain’t about owning a business

    • @jenny2423
      @jenny2423 3 ปีที่แล้ว

      True, sometimes to own a business is stressful as a woman and wife, it gets no easier

    • @avarodriguez4966
      @avarodriguez4966 3 ปีที่แล้ว

      start small, you might not have a lot of funds for business, but you can just invest in crypto/forex

    • @harperdavis7466
      @harperdavis7466 3 ปีที่แล้ว

      @@avarodriguez4966 Seems you’re good with crypto? You trade by yourself or a broker?

    • @oliviamartinez5788
      @oliviamartinez5788 3 ปีที่แล้ว

      I really need to be financially stable this 2021, last year wasn’t an easy year at all financially and emotionally
      I lost someone special. 😔

    • @aubreylewis1682
      @aubreylewis1682 3 ปีที่แล้ว

      No relent this year! We all gotta make it 💪

  • @schopen-hauer
    @schopen-hauer 5 ปีที่แล้ว +171

    gold is money, its a central commodity everything else is priced around gold. even fiat money.

    • @trent3727
      @trent3727 5 ปีที่แล้ว +6

      you cant pay taxes with gold and gold cost money to keep you need a safe you need guards you need to transport it and for what purpose it doesn't yield any annual wealth, its easily the most overrated investment ever.

    • @Deathmastertx
      @Deathmastertx 5 ปีที่แล้ว +7

      How is fiat money priced around gold?

    • @trent3727
      @trent3727 5 ปีที่แล้ว

      also prices arnt priced around gold, prices are more priced around oil. When the oil price go's up farmers, miners and transport company's pass the higher oil price onto the consumer , the same dynamic does not happen with gold.

    • @singermanz
      @singermanz 5 ปีที่แล้ว +7

      trent jenkins it’s the cost of living that is consistently priced in gold when comparing historic economic periods. We adjust for inflation based on how much gold paper notes can buy today versus yesterday. Oil is far too volatile to use for reserves. When interest rates are not set by the federal reserve, and instead a market rate is determined, then people use banks to store their wealth who pay those savers a rate of interest for the ability to loan out those funds, all of which used to be backed by gold (until 1971, officially, and for effectively 5000 years prior). CPI and PMI may be correlated to current oil prices, but correlation is not causation. Let alone extraction rates are extremely volatile day to day, which is why banks dont stock their vaults with oil barrels.

    • @LexicroftAlpha
      @LexicroftAlpha 5 ปีที่แล้ว +14

      @@trent3727
      Lol, keep loving your paper money then

  • @AdamNZ
    @AdamNZ 3 ปีที่แล้ว +10

    Fun fact: The first Egyptian king Psusennes commonly known as the silver pharaoh had a silver sarcophagus which was at the time extremely more expensive than gold. Gold was abundant and silver was scarce commanding more price.

  • @itsme-vm7uz
    @itsme-vm7uz 5 ปีที่แล้ว +32

    as a Goldsmith i must say Gold is one of the best material to invest your money. you can buy a gold ring and after ten years its value will be ten times more.. and hey you got the chance to show off your gold ring too.. which might get you some personal benefits XD

    • @evanw2195
      @evanw2195 5 ปีที่แล้ว

      10x in ten years?

    • @entrepreneur1club359
      @entrepreneur1club359 5 ปีที่แล้ว

      😂😂

    • @steveng7497
      @steveng7497 5 ปีที่แล้ว +4

      From a historical perspective, gold is NOT an investment. Gold does not even beat inflation over a 10 year period and put it simply, there is no increased demand for gold over time nor does the gold produce any cash flow or income. I would say gold is best seen as a hedge against economy disaster. Compare US equities return over gold for average 10 year period time you would realize that gold is a joke. Even bonds outperform gold lmao. I'm not trying to say that you should not buy gold but to the contrary to the media, you SHOULD NOT view gold as an investment but rather a form of diversification/hedge in your portfolio. I really get pissed off of how much media and people think gold is a long term investment

    • @entrepreneur1club359
      @entrepreneur1club359 5 ปีที่แล้ว

      My grand father has brick 5 gold bar at that time he had buyer for 25 rupess now its million worth it

    • @LexicroftAlpha
      @LexicroftAlpha 5 ปีที่แล้ว

      @@steveng7497
      Different country different benefit, for country with unstable economy and suffered hyperinflation like venezuela, gold is life saviour

  • @somekindaokayguy
    @somekindaokayguy 4 ปีที่แล้ว +21

    the perfect metal unless you are an alchemist

  • @quitebad459
    @quitebad459 5 ปีที่แล้ว +17

    👏STOP ADDING GOLD TO FOOD👏

    • @fjalls
      @fjalls 5 ปีที่แล้ว +4

      Dont tell me what to do

    • @seka1986
      @seka1986 5 ปีที่แล้ว +1

      How else can I shit gold?

    • @lynn.chaaaa
      @lynn.chaaaa 5 ปีที่แล้ว

      Thanks I was about to

    • @rainbowcatcandycrewmateela5369
      @rainbowcatcandycrewmateela5369 4 ปีที่แล้ว +1

      Will there be gold Mac and cheese?

  • @SOBER-l4h
    @SOBER-l4h 2 ปีที่แล้ว +8

    I'm a divided investor, my wife and I have invested in the S&P500,
    both through my T&P with the government and through fidelity in her 401-k. Cashed out 270k from the S&P and invested with a full service broker... Until about 3years ago we were 100%in the S&P after over 30years. I'm retiring at the end of the month at 59, while my wife will retire next year at 54. We currently have 1.7 million in out tex deferred savings.

    • @SOBER-l4h
      @SOBER-l4h 2 ปีที่แล้ว

      @Jésús Bonilla Mrs Juliet Thompson helps me out with my trade

    • @Mariana-fp2sf
      @Mariana-fp2sf 2 ปีที่แล้ว

      An everyday millionaire well done

    • @larkdavis1358
      @larkdavis1358 2 ปีที่แล้ว

      That's craz y any advice for someone who's 18!

    • @franklinmartial2296
      @franklinmartial2296 2 ปีที่แล้ว

      📥📥📥☝️☝️☝️☝️☝️☝️☝️☝️☝️

    • @pushkarrajthakur9329
      @pushkarrajthakur9329 2 ปีที่แล้ว

      Oh didn't know you guys know about Mrs Juliet Thompson

  • @weendylry5598
    @weendylry5598 4 ปีที่แล้ว +26

    So I lost a 7g gold bracelet one time. I cried so hard the entire morning and had a breakdown because I thought I dropped it 😂 my mom helped me look for it later in the evening and she found it in less than 5 minutes. Apparently I slept with it but it was slipped away from my wrist.

    • @danyram89
      @danyram89 3 ปีที่แล้ว +1

      Lucky you!! I actually dropped my chain my stepfather gave me. Barely took it off for 15 plus years :/

    • @DavidReyes-jt2vn
      @DavidReyes-jt2vn 3 ปีที่แล้ว

      Hello friend

    • @peterknight1320
      @peterknight1320 ปีที่แล้ว

      BET YOUR A MASSIVE CHEAPSKAT WHO ONLY EATS RICE

  • @bellefeu4933
    @bellefeu4933 4 ปีที่แล้ว +13

    "And that brings a degree of emotion to the investment". Two words that should never be combined.

    • @OutragedPufferfish
      @OutragedPufferfish 3 ปีที่แล้ว

      Emotion is what makes us human kid. One day you'll grow up and no longer be scared of feelings.

  • @vice.nor.virtue
    @vice.nor.virtue 2 ปีที่แล้ว +5

    Could you imagine going for a stroll one day and discovering a 17lb gold nugget just chilling in some gravel?

  • @Gabriel_Moline
    @Gabriel_Moline 5 ปีที่แล้ว +5

    3:33. This guy just said absolutely nothing for a long time. I wouldn’t trust a word it said.

  • @twister5974
    @twister5974 4 ปีที่แล้ว +30

    Nobody:
    Humans: shiny

  • @ronweasley5347
    @ronweasley5347 4 ปีที่แล้ว +75

    Yea gold is expensive but get beaten by iron
    ~Notch

  • @navasvicent9730
    @navasvicent9730 3 ปีที่แล้ว +33

    Please where can I buy a gold

    • @sarahcobbs7242
      @sarahcobbs7242 3 ปีที่แล้ว +18

      You can get it from anderson jewelries

    • @lindanavas148
      @lindanavas148 3 ปีที่แล้ว +15

      really you know him. I thought am the only one that got gold from anderson jewelries

    • @stellawilliam4373
      @stellawilliam4373 3 ปีที่แล้ว +12

      I got gold at a cheaper rate from Anderson gold jewelries.

    • @mariahenry4026
      @mariahenry4026 3 ปีที่แล้ว +9

      If every body is like Anderson gold jewelries they could have trust most people in jewelries wear. Anderson jewelries is trust worthy

    • @godfreypaul5957
      @godfreypaul5957 3 ปีที่แล้ว +7

      I got one kilogram worst over $57,939,13 last week

  • @azfardanish8654
    @azfardanish8654 4 ปีที่แล้ว +23

    "Gold=expensive"
    *Minecraft*-Laughs with a pickaxe...'

  • @samolsen92
    @samolsen92 3 ปีที่แล้ว +6

    It's actually up to 1800 an ounce, courteous of the banks in forex and Commodities.

  • @ahmadnajmiroslan
    @ahmadnajmiroslan 4 ปีที่แล้ว +6

    *I'm bout to scratch my sim card right now*

  • @real_Pinoy
    @real_Pinoy ปีที่แล้ว +1

    Gold has always been luxurious ever since The Ancient Egyptians

  • @eclpism
    @eclpism 4 ปีที่แล้ว +14

    Business Insider: Why gold is so expensive
    Me:Just go to Nether, search basalt biomes, then search bastions, loot and steal all the gold that all piglin have. Even I already have 28 gold blocks in my house.

  • @davidvalencia129
    @davidvalencia129 5 ปีที่แล้ว +7

    0:16 That Aventador has no gold tho... It is just rapped in a Gold color... If you want an example look at the Mclaren F1.. The engine bay is wrapped in gold.

    • @gustavosantillan5242
      @gustavosantillan5242 5 ปีที่แล้ว +1

      In a thousand years that heat shield of gold will be the only thing of value of that McLaren

    • @gasgod7404
      @gasgod7404 4 ปีที่แล้ว

      Gustavo Santillan completely wrong buddy.

  • @ilovepankothecat4117
    @ilovepankothecat4117 5 ปีที่แล้ว +10

    Hey thank you for making the entertaining video we don't care about the mistake we owe you for making something interesting in our day especially free and we know these videos are especially hard to edit and create so don't worry about. I am personally glad you actually owned up to your mistake and including it in the description cause i know a lot of people who just wouldn't say anything.

  • @TRUTHDrops
    @TRUTHDrops ปีที่แล้ว

    This is by far one of the funniest videos I have ever watched. 3.9 billion years ago. I'm still rolling in stitches.... almost peed myself.

  • @poonamdhingra3987
    @poonamdhingra3987 5 ปีที่แล้ว +30

    0:18
    Bro that's just a wrap. It's not actual gold.

  • @lunar6562
    @lunar6562 5 ปีที่แล้ว +6

    I love it because it’s such a rare and beautiful metal. If I had chunks of gold I would never sell them. I don’t like it for it’s value and jewellry, I like it because it’s so rare, and so beautiful and it’s amazing properties. Gold is a really unique element.

  • @LordTechPro
    @LordTechPro 5 ปีที่แล้ว +8

    The Answer: It's expensive because it's we love bling

  • @yamnayaseed356
    @yamnayaseed356 2 ปีที่แล้ว +1

    The fact that it came from space as a result of a planetary collision makes it x10 cooler than it already was

  • @leahmolly9150
    @leahmolly9150 4 ปีที่แล้ว +38

    Gold is so expensive to buy
    There are other assets that can make you rich!
    Bitcoin
    Stocks and Shares
    Real estate
    Silver

    • @royalhighness8383
      @royalhighness8383 4 ปีที่แล้ว

      @Lucas Hudson you're right Sir but don't know why people remain poor due to ignorance

    • @royalhighness8383
      @royalhighness8383 4 ปีที่แล้ว

      It's better to take risks and make sacrifices than to remain poor

    • @royalhighness8383
      @royalhighness8383 4 ปีที่แล้ว

      the reason why we get scammed everyday on binary options is because most people are greedy. You see a post on how you can make $50,000 with just $500 and you go for it, ignoring the fact that binary options is not magic, most of this account manager take advantage of our greed

    • @claresmithy4667
      @claresmithy4667 4 ปีที่แล้ว

      @@royalhighness8383 you're right

    • @claresmithy4667
      @claresmithy4667 4 ปีที่แล้ว

      @Lucas Hudson which assets is best to buy and invest on, I actually see Bitcoin to be profitable

  • @juliejulian2683
    @juliejulian2683 ปีที่แล้ว +5

    well if you think gold is expensive now,just wait until next year!

  • @dios.otherson7381
    @dios.otherson7381 3 ปีที่แล้ว +3

    I NEEDED THIS, I NEEDED THIS I HAVE BEEN BLESSED!

  • @Nomenius1
    @Nomenius1 ปีที่แล้ว +1

    The coinage acts didnt set a price for gold denominated in US Dollars. They defined the US Dollar as a weight of gold, silver, and initially copper.

  • @lbp7693
    @lbp7693 5 ปีที่แล้ว +10

    I was hoping the video would be a 2-second clip of a guy saying "demand"
    ... then the screen cuts to black and the video is done.

  • @anubhavgupta774
    @anubhavgupta774 5 ปีที่แล้ว +21

    Simple gold never gets old it's rare and highly aspired to be owned

    • @anubhavgupta774
      @anubhavgupta774 5 ปีที่แล้ว

      @SaeedAhmad offcouse gold is equivalent to money which can never devaluate in any emergency that's why people wanted to have as much gold as possible

    • @campkira
      @campkira 5 ปีที่แล้ว

      gold do oxide..pure gold maybe but it too soft....

  • @lolidkanymore8695
    @lolidkanymore8695 5 ปีที่แล้ว +8

    Why do these pop up in my recommendations when I can’t even afford a gram of gold

    • @NickonStark
      @NickonStark 5 ปีที่แล้ว

      you’re Thanos. snap some gold into existence.

    • @lolidkanymore8695
      @lolidkanymore8695 5 ปีที่แล้ว

      Nicolás Tribaldos Can’t man, Iron Man took my stones.

    • @NickonStark
      @NickonStark 5 ปีที่แล้ว +1

      oh shit and he dead, too. sorry man

    • @highbrass3749
      @highbrass3749 5 ปีที่แล้ว

      Stop buying crap.

    • @sreeramoffcl
      @sreeramoffcl 4 ปีที่แล้ว

      Where is the lamb sauce?

  • @GoCanucks2011
    @GoCanucks2011 2 ปีที่แล้ว +1

    In December 1997, The Financial Times ran an article entitled “The Death of Gold.” Since then, the gold price in US dollars has increased 519% from $288 to $1,780. Today, after many political events and crises we have evidence of the continuous and in many ways spectacular growth of the gold price. This confluence of many current events is creating a perfect storm for gold to increase dramatically more than we imagined.

  • @singermanz
    @singermanz 5 ปีที่แล้ว +9

    Because of the federal reserve creating and maintaining inflation for the last 100 years.

    • @isse6790
      @isse6790 4 ปีที่แล้ว

      ...
      What?

  • @sinestrophy9502
    @sinestrophy9502 5 ปีที่แล้ว +12

    We know that its expensive since over a thousand year

  • @parallelparkerrr
    @parallelparkerrr 5 ปีที่แล้ว +9

    Because it’s gold, just saved you six and a half minute

    • @Fusiongearz
      @Fusiongearz 5 ปีที่แล้ว

      Damn bro, now if work was that easy. Imagine saying why I got to go to work to my boss and my boss saying "because." Like damn Einstein why aren't you sharing your ideas with the world? We need to get you a Noble Peace Prize in here ASAP!

  • @MuyangHappy.2y
    @MuyangHappy.2y 2 หลายเดือนก่อน

    I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

  • @Horazmshoh
    @Horazmshoh 3 ปีที่แล้ว +2

    He was supposed to say 55 thousand tons not 55 tons left to mine.