That actual dollar to gold comparison in the beginning sends a very strong and vivid message to how devalued our dollars are becoming........and it's all due to the intervention of government at every financial crisis.
This is why an immigrant in 1925 could come to America and work a manual labor job for several years then save up and start a business. With the purchasing power of the dollar down well over 95% it's next to impossible these days for the average Joe to do so.
man when he puts the tiney stack of ones next to the gigantic stack of ones..... it really puts things into perspective, and its accelerating! great interview.
The Federal Reserve has too much power. It can decide which businesses fail and which get bailed out. I agree with E. B. Tucker that gold is currently a good investment.
Gold can be prohibited. But you can hide it. You can't hide stocks. They can be nationalized. If you have everything else to survive, gold and silver is the best additional security. The time will come when we can only buy digitally. I agree with him on many things. Precious metal is the lowest risk. The state can't find it if you're smart.
im trying to collect 360 1oz gold coins for my retirement. That way I will sell 1 oz of gold per month and it should be a decent standard of living in any era for a person who isnt greedy. I dont trust pensions and i dont trust cash
I like this guy. He can read my message right here. I need a debt-free place to live. Out of town if possible. Then I need knowledge and skills that will enable me to survive. My own water, my own electricity. My garden to plant something. Means of exchange. Supplies of any kind. Friends. Even room for friends when they lose their homes. Cash reserves at home. Some silver and gold. I wouldn't buy much. Buy yourself some shoes, a bike, clothes. It's cheap now. A good fence, alarm system against thieves, and a heart for people who are starving. Pay your debts and learn austerity before you buy gold. I like also the interviewer.
There is some good information in your book E.B. Good interview David. Put $1,000 in USD plus $1,000 in gold in a safe for 5 years and see what is worth more.
Not to worry bro silver will lag until it hits 19-19.50 then it will outperform gold but for now gold is in the spotlight. Trust your better judgment and stuck to it. I’m waiting since 2005 so let’s be patient.
I would like see again gold standard. It will contain inflation and countries will not be able to print more and more physical currency at their whims. Gold is the real money and cannot be printed but mined with great efforts. It has proven its money Store of Value status since 5000 years or even more. The international trade imbalance, debt allocation issues will be resolved if all countries imbibe gold defined standard principles honestly.
The next big thing is bitcoin. The problems of gold as money is what caused the situation we are in now with the money printers. gold leads to banks, banks lead to central banks, central banks lead to the federal reserve. Bitcoin is such a better form of money you have to be a shill not to see it. It's more durable, portable, divisible, scarcer. No banks necessary. No way to seize your money.
Interesting that Metalla is one of the poorest performing stocks in the PM industry currently. Been pretty flat compared to other R&S companies let alone direct PM plays. Great that he is on the circuit about his book lets hope it gets his stock moving upwards soon. Confident talk with a poor performing stock...
2-3% of your wealth in gold? This seems to be the mantra. As "wealth insurance"? That's not insurance. Insurance needs a relatively small input (cost) but provides a much much larger pay-off when trouble comes. 2-3% of your wealth as gold won't do that.
Are there universal rules when printing money? Why is the US and probably other countries as well keep printing money even if they have no gold to backup their currency?
Real estate better than gold imo especially if it cash flows. The stimulus bills get bigger and bigger everytime because the interest rates are getting lower and lower. There is not much the government can do when interest rates were originally at 3%. So the stimulus has to get bigger and bigger
Some towns use their own community use currency for buying and selling. If someone is willing to take something they deem valuable to earn their goods and services then anything can be deemed currency.
You're missing the point here. We can discuss inflation, but the value of Gold is not affected all that much by inflation. Gold has a said value based on supply and demand. That value never changes. The value of our Fiat currency (learn what this means) or the US Dollar, however, does change. When the dollar is valuable, the Gold prices are down. It takes fewer dollars to buy Gold when the dollar has value. When the dollar is worthless the gold price goes up. It takes more worthless dollars to buy Gold when the economy is bad. Gold is a simple indicator of how the economy is. I can check the paper whenever I'm curious about how the economy is doing. There's no need to watch the news for those numbers. Any intelligent person can watch the commodities prices in the paper, and get the full story. Especially if your paper shows a weekly trend, like mine, does. Theoretically, we want the price of Gold to be lower because that means that our Fiat currency is doing better. .
Gold and Silver is where it's at right now. GR Silver is on the up side. Minera Alamos will go into production by year end. Recently I got into Gold Terra Resource. I like the team of YGT. YGT is located in Yellowknife.
I don’t think the negative interest on savings is in place to force people pull out their money from the accounts and stimulate economy. Banks then wouldn’t have their money, which is contradicting their business. Also people just could keep hoarding their cash outside the bank. I think Negative interest are rather the tool to expropriate the people, just like inflation is. James Rickards says that in the long run government or Fed cryptos will be in place to to let people really have no alternative left and to make surveillance perfect.
4:20 . easy - land is better than gold. Hard to steal land. You can do something useful with it. It is even more scarce than gold..since new gold is mined all the time
This really applies to me. I weld concrete finish Hvac and sheetmetal and carpentry. Built bridges and buildings. Love it. Cool that you also were in that industry.
What do you people think of blockchain gold? Blanchard brokers Canadian Royal Mint blockchain gold in the US, where you can buy any amount of gold and it's held in their vault unless you request delivery. Is this anything, and is it safe to rely on the Canadian Royal Mint to hold it? And what about GLD?
So WHY is GOLD less than $30,000 ? If it get so BAD that it does reach that value => you'll need guns/ammo, food/water, shelter, first aid, & barter items much, much more than gold. If we're still here.
All great advice and YOU have to save yourself when it all implodes soon or partly. Only question i have is when he says the Govt wants neg rates so it forces you to take your money out and spend it? Govt DONT want you to take your money out or the banks are stuffed as you see in other countries that had a run on their banks. They may bring in laws to stop to withdrawing soon to stop this. That why its good to look at moving you money out soon and especially after the crash as houses default will be next then banks defaults as in the GFC No one is working anymore, so houses have to be effected even without market crashes and pensions ect will all drop like stones and people will be ruined and we assume a cure will all be successful the first time for 7 billion people of all diff types of humans? Yes humans are all diff. Medicine is tricky. So you can move your money to various ETF index funds after the crash when their cheap or buy real metals and park it in a vault and resell when price goes up. Gold is safe because it hardly goes up over ten years BUT doesnt go down but will a bit on the crash and thst why i'm not touching it now on ETFS , real ect. This crash will be unlike anything we have seen short of aliens enslaving the human race as thats about where we are with stopped economies world wide. May have been better with the aliens at least some of the world may keep on working. haha. This is as bad as it gets and it happened just after the world had slowed and was about to go into recession anyway. This is very bad and history will only give a hint as to what will follow 50% crash to maybe 80-90%??? tricky....
As far as bitcoin or any crypto currency are concerned, I have my reservation that crypto currency runs without any central planning and chances of hacking are very high. As medium of exchange its status is not clear worldwide. It is an algorithm and runs on electric grid systems and in case of any massive natural calamities and man wars all will have gone. gone Crypto currency is not tangible but again is electrical pulses but real assets such gold, silver, palladium, homes and lands etc are in tangible form.
Ya I thought about Crypto, But decided not to get any, Too iffy, computer glitch and where did your $ go I decided on Silver, way under valued, a great buy right now and in my hands!
They need to seriously fix this problem.people dying out here financially.i dont even know how to describe.its just bad.fix it before it destroys america or the world
I believe in physical gold & silver as they're real money. Should always be part of a balanced portfolio. With that being said, let's be real $Bitcoin is way more extensible. You can literally carry $millions of $ in your brain & walk across borders ...gold & silver not so much...metal detectors pretty much put & end to that.
Personally, I am about 5% cash, 70% silver, 25% gold.
This year has been awesome for my finances. I also rotated out of stocks at the end of December.
That actual dollar to gold comparison in the beginning sends a very strong and vivid message to how devalued our dollars are becoming........and it's all due to the intervention of government at every financial crisis.
That stack comparison makes everyone realize the $100 bill is what the $1 used to be.
I liked that stack of dollars explanation .
This is why an immigrant in 1925 could come to America and work a manual labor job for several years then save up and start a business. With the purchasing power of the dollar down well over 95% it's next to impossible these days for the average Joe to do so.
David, I like your interview style. You a ask a good question the sit back and let your guest answer without interrupting.
I think I now what/who you are talking about Frank.
man when he puts the tiney stack of ones next to the gigantic stack of ones..... it really puts things into perspective, and its accelerating! great interview.
The Federal Reserve has too much power. It can decide which businesses fail and which get bailed out. I agree with E. B. Tucker that gold is currently a good investment.
Gold can be prohibited.
But you can hide it. You can't hide stocks. They can be nationalized.
If you have everything else to survive, gold and silver is the best additional security.
The time will come when we can only buy digitally. I agree with him on many things. Precious metal is the lowest risk. The state can't find it if you're smart.
im trying to collect 360 1oz gold coins for my retirement. That way I will sell 1 oz of gold per month and it should be a decent standard of living in any era for a person who isnt greedy. I dont trust pensions and i dont trust cash
I like this guy. He can read my message right here.
I need a debt-free place to live. Out of town if possible.
Then I need knowledge and skills that will enable me to survive.
My own water, my own electricity. My garden to plant something. Means of exchange. Supplies of any kind.
Friends. Even room for friends when they lose their homes.
Cash reserves at home. Some silver and gold. I wouldn't buy much. Buy yourself some shoes, a bike, clothes. It's cheap now.
A good fence, alarm system against thieves, and a heart for people who are starving. Pay your debts and learn austerity before you buy gold.
I like also the interviewer.
This is the best and most perfect explanation I’ve heard in months! Great job 👍🏼. Everything he says is 100% true.
Does anybody want to talk about how they’re getting rid of cash and moving to digital currency?
This guy sounds like Peter Schiff, I like him.
I believe EB is a much more versatile and original thinker.
And looks like Ronnie Stoeferle
smarter non annoying version of him :)
Q: "During these uncertain times, what should investors be holding?"
A: Guns and ammo
That will come later! First you need to hold gold.
"The invisible hand is so invisible it is not even there anymore". Love it E.B.
There is some good information in your book E.B. Good interview David.
Put $1,000 in USD plus $1,000 in gold in a safe for 5 years and see what is worth more.
Only Gold, what about Silver?
Why is everyone so silent on Silver?
Because silver is what u need buy
I got Silver, not much Gold, Silver is more affordable for me and much more potential!
Look up GR Silver Resource.
Minera Alamos, Gold Terra Resource.
They are all juniors.
Not to worry bro silver will lag until it hits 19-19.50 then it will outperform gold but for now gold is in the spotlight. Trust your better judgment and stuck to it. I’m waiting since 2005 so let’s be patient.
I would like see again gold standard. It will contain inflation and countries will not be able to print more and more physical currency at their whims. Gold is the real money and cannot be printed but mined with great efforts. It has proven its money Store of Value status since 5000 years or even more. The international trade imbalance, debt allocation issues will be resolved if all countries imbibe gold defined standard principles honestly.
Silver as well
Following E B Tuckers advice has made me a millionaire.
The next big thing is bitcoin.
The problems of gold as money is what caused the situation we are in now with the money printers.
gold leads to banks, banks lead to central banks, central banks lead to the federal reserve.
Bitcoin is such a better form of money you have to be a shill not to see it.
It's more durable, portable, divisible, scarcer. No banks necessary. No way to seize your money.
No argument, the world paper markets are spinning out of control... physical in your hand... silver for me
People need to stop pitting gold/silver and cryptocurrencies against eachother. Especially in the current environment.
Interesting that Metalla is one of the poorest performing stocks in the PM industry currently. Been pretty flat compared to other R&S companies let alone direct PM plays. Great that he is on the circuit about his book lets hope it gets his stock moving upwards soon. Confident talk with a poor performing stock...
Miners are really just paper stocks representing Metals.
Nothing like the physical Metals.
GOLD!!! and Silver
50 percent in gold
30% phyiscal gold 30% btc 30% real estate 10% cash
Silver 🥈 is a great opportunity nowadays. 😀✌️
2-3% of your wealth in gold? This seems to be the mantra. As "wealth insurance"? That's not insurance. Insurance needs a relatively small input (cost) but provides a much much larger pay-off when trouble comes. 2-3% of your wealth as gold won't do that.
I really like the innovative way of showing stack of cash to make people understand. Hats off to you. Looking forward to reading your book.
Are there universal rules when printing money? Why is the US and probably other countries as well keep printing money even if they have no gold to backup their currency?
I'm investing in XRP as well as gold, to hedge my traditional investments. A new financial system is on the horizon.
I haven't seen EB this aggressive in any other videos. Right on.
Land of the fee - home of the slave
Real estate better than gold imo especially if it cash flows. The stimulus bills get bigger and bigger everytime because the interest rates are getting lower and lower. There is not much the government can do when interest rates were originally at 3%. So the stimulus has to get bigger and bigger
I bought it. I haven't read it yet, but I bought it.
Some towns use their own community use currency for buying and selling. If someone is willing to take something they deem valuable to earn their goods and services then anything can be deemed currency.
The bank already charges a service fee so they do charge you wether your interest offsets it or not is besides the case
He’s 100% correct
With gold in your shoes?
The legend is back with his excellent analysis , this man rocks , love you E.B Tucker
Putting 2% or 3% of your portfolio into gold is not what I would call "an insurance policy".
It is if you are a billionaire
Billionaires are most likely just paper Billionaires.
"Fascism should more properly be called corporatism, since it is the merger of state and corporate power." Pretty much what we have today.
You're missing the point here. We can discuss inflation, but the value of Gold is not affected all that much by inflation. Gold has a said value based on supply and demand. That value never changes. The value of our Fiat currency (learn what this means) or the US Dollar, however, does change. When the dollar is valuable, the Gold prices are down. It takes fewer dollars to buy Gold when the dollar has value. When the dollar is worthless the gold price goes up. It takes more worthless dollars to buy Gold when the economy is bad. Gold is a simple indicator of how the economy is. I can check the paper whenever I'm curious about how the economy is doing. There's no need to watch the news for those numbers. Any intelligent person can watch the commodities prices in the paper, and get the full story. Especially if your paper shows a weekly trend, like mine, does. Theoretically, we want the price of Gold to be lower because that means that our Fiat currency is doing better. .
Fight the FED by buying physical gold and save your ass!
Same thing is happening over here in the UK, noticed none of the lumber yards have re stocked there inventory in months
Gold and Silver is where it's at right now.
GR Silver is on the up side.
Minera Alamos will go into production by year end.
Recently I got into Gold Terra Resource. I like the team of YGT.
YGT is located in Yellowknife.
Construction worker from Nebraska. Have a few accounts. Appreciate the conversations and insight. Can't wait for this economy to really pick up.
I don’t think the negative interest on savings is in place to force people pull out their money from the accounts and stimulate economy. Banks then wouldn’t have their money, which is contradicting their business.
Also people just could keep hoarding their cash outside the bank.
I think Negative interest are rather the tool to expropriate the people, just like inflation is. James Rickards says that in the long run government or Fed cryptos will be in place to
to let people really have no alternative left and to make surveillance perfect.
3% gold, 2% silver, 5% platinum, palladium, rhodium. 80% gold and silver equities. 10% cash. Max out cheap, low interest loans.
Thank you KITCO! 👌🏼✅
Crypto
Great interview but I'm a shareholder and I want to hear about the company
Can’t believe one of his excuses for owning gold is that you can smuggle it in your shoes and walk through the border.
Don’t need to anymore when physical Gold is on the blockchain
4:20 . easy - land is better than gold. Hard to steal land. You can do something useful with it. It is even more scarce than gold..since new gold is mined all the time
Hard to steal land? What do you think lawyers are for?
This really applies to me. I weld concrete finish Hvac and sheetmetal and carpentry. Built bridges and buildings. Love it. Cool that you also were in that industry.
Bitcoin, ethereum, chainlink, precious metals. That's what I'm putting my dollars in
So where should Canadians put their savings under RRSP or TFSA?
What do you people think of blockchain gold? Blanchard brokers Canadian Royal Mint blockchain gold in the US, where you can buy any amount of gold and it's held in their vault unless you request delivery. Is this anything, and is it safe to rely on the Canadian Royal Mint to hold it? And what about GLD?
So WHY is GOLD less than $30,000 ? If it get so BAD that it does reach that value => you'll need guns/ammo, food/water, shelter, first aid, & barter items much, much more than gold. If we're still here.
It's winnable by the BANKSTERS and for the BANKSTERS. All the rest is not important for them.
Appreciate this interview he is a clear speaker and conveys his ideas well
E.B has a wealth of knowledge
$1900 gold today.
Too many fees to consider silver or gold as money. The dollar is plenty strong. I like bags of 100s.
it does make sense,Just a statement from my side yes the dollar amount per coin has grown but so has our salary.We are not getting paid $1 a fortnight
E.B Tucker is right on.
2nd time listening to Tucker, really smart guy
Awesome visual exhibit - clearly shows your point! Which would you rather have?
Good advice! 👌🔥
Real money, yes. Unfortunately Gold has been sold out for a long time now. The validity/verification of average gold exchanges is near impossible.
This interview was great. Really enjoyed E.B. Tucker. Never heard him before.
Great insight from Mr. Tucker. Well stated and explained.
Great interview!!!!
Question from non-investor:
If banks are flush with cash how do they utilize it if everything is flat on the floor?
I know something that is arguably better than gold. Bitcoin. There you go. Great interview and I’m long gold and BTC.
Excellent interview! This guy is very well informed and knows his stuff.
Bank of America has set gold to $3k!!! Are they buying less T bills?
All great advice and YOU have to save yourself when it all implodes soon or partly.
Only question i have is when he says the Govt wants neg rates so it forces you to take your money out and spend it?
Govt DONT want you to take your money out or the banks are stuffed as you see in other countries that had a run on their banks. They may bring in laws to stop to withdrawing soon to stop this. That why its good to look at moving you money out soon and especially after the crash as houses default will be next then banks defaults as in the GFC
No one is working anymore, so houses have to be effected even without market crashes and pensions ect will all drop like stones and people will be ruined and we assume a cure will all be successful the first time for 7 billion people of all diff types of humans? Yes humans are all diff. Medicine is tricky.
So you can move your money to various ETF index funds after the crash when their cheap or buy real metals and park it in a vault and resell when price goes up. Gold is safe because it hardly goes up over ten years BUT doesnt go down but will a bit on the crash and thst why i'm not touching it now on ETFS , real ect. This crash will be unlike anything we have seen short of aliens enslaving the human race as thats about where we are with stopped economies world wide. May have been better with the aliens at least some of the world may keep on working. haha.
This is as bad as it gets and it happened just after the world had slowed and was about to go into recession anyway.
This is very bad and history will only give a hint as to what will follow 50% crash to maybe 80-90%??? tricky....
GREAT INTERVIEW TO YOU BOTH
That was a great visual. Needs to be shown again more slowly. Nice work.
Real good content, much more real than space mines
why not?
That is a kick in the teeth.
Great interview...
What do you mean by "Royalty Stocks"? Please explain...
Great Show !!! Thank You !!!
As far as bitcoin or any crypto currency are concerned, I have my reservation that crypto currency runs without any central planning and chances of hacking are very high. As medium of exchange its status is not clear worldwide. It is an algorithm and runs on electric grid systems and in case of any massive natural calamities and man wars all will have gone. gone
Crypto currency is not tangible but again is electrical pulses but real assets such gold, silver, palladium, homes and lands etc are in tangible form.
Ya I thought about Crypto, But decided not to get any, Too iffy, computer glitch and where did your $ go
I decided on Silver, way under valued, a great buy right now and in my hands!
I don't invest in anything I have to take to a pawnshop to sell.
Nailed it!
he lost me in the end when he wanted to sell something
good interview
They need to seriously fix this problem.people dying out here financially.i dont even know how to describe.its just bad.fix it before it destroys america or the world
Bitcoin is better than gold on a number of key properties, but ultimately they are complimentary and it's best to have both.
I believe in physical gold & silver as they're real money. Should always be part of a balanced portfolio. With that being said, let's be real $Bitcoin is way more extensible. You can literally carry $millions of $ in your brain & walk across borders ...gold & silver not so much...metal detectors pretty much put & end to that.
David, excellent interview as always! 👏👏
Can't take it with you when you're gone.
If I start to buy bullion now - how much can it go up to? Am I starting too late?
Tucker's forecast is 1900oz. Don't think of it as an investment but rather insurance for your savings as the dollar loses its value.
Price of Gold now follows the rise of National Debt .
Right on, good information for all.
Of course!
Great info - Many thanks!