Why You Shouldn't Buy Physical Gold And Silver

Should you buy physical silver and gold? In my short seven years as a silver stacker, investing in silver and gold bars, I've come to realize that while collecting precious metals is fun and cool, it's one of the stupidest investments I've ever made.

More About Gold & Silver Investing

Not only did I get screwed by a "reputable" gold dealer on my very first transaction, but I've come to realize that storing and transporting precious metals is more of a hassle than the investment is worth. There are far better ways to buy precious metals, and if you are worried about having to transfer wealth discretely across borders like Jewish people had to during World War Two, well it's 2021 and Bitcoin has you covered for that (I am not recommending you break any laws!)

Silver stacking is quite simply a thing of the past unless you are doing it as a hobby. The are far better ways in 2021 to make silver and gold investments.

The presenter has taken great care in preparing
this video, however makes no representations or warranties with
respect to the accuracy or completeness of its content. The contents
of this video should not be considered a substitute for
professional financial advice. Please consult a financial professional
before implementing any of the strategies described in
this video. The presenter shall not be held liable
for any loss of profit or any other financial damages, including
but not limited to special, consequential, incidental, or other
damages.

[sbentsen]

Bruh this video definitely aged poorly lol
👎🏼

[leondonald]

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.

[algoins]

The dumbest investment I've ever made was watching this video.

[Danma-veeu]

"The dumbest investment I've ever made was watching this video". Who ever said that needs more likes.

[rickstalentedtongue]

Brilliant, your title saved me from ever visiting your channel other than to drop in and mock you.

[johnjs]

If you don't hold it. You don't own it.

[ivanlindvald]

Firearms, ammo, food, water, gold and silver doesn’t make you anymore of a conspiracy theorist then someone who keeps jumper cables in their car.

[HugoBergmann-lund]

Considering the current market uncertainty, it appears prudent to consider investing in gold or a gold ETF. I'm contemplating allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is enticing, I recognize the importance of maintaining a long-term investment strategy.

[TheHoss]

Little bit of advice: The seller *of whatever you buy* should be the last person to get advice or information from!

[DjAdam]

Owning a bit of gold and silver is never a bad thing.

[baileymclean]

Gold and silver are considered a safe haven during times of economic uncertainty. They are also considered as a hedge against inflation. However, investing in gold and silver should be done with caution and after careful research. It is important to understand the market trends and do your due diligence before investing in gold and silver. It is also important to diversify your portfolio and not put all your eggs in one basket.

[russianbot]

I have a closet full of emergency food. I have a stack of gold and silver just in case I’d rather be a conspiracy theorist than the look in my family’s face and say we have nothing but a useless dollar.

[BiffBifford]

"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

[skylercogburn]

Gold is not an investment. It’s a great hedge against inflation

[blaquopaque]

We are currently getting into an era where all currencies will be backed up by commodities like gold, silver and bitcoin, is it still a good time to invest in these markets or am i too late? I currently have about 500k in savings lying waste to inflation.

[simoncaron]

Precious metals are not an investment. They are a form of insurance.

[collin]

Gold and silver aren’t investments, they’re insurance policies. Precious metals will always be there to give you value when you need it most.

[totalutternutter]

You forgot to say "i am not a financial advisor, this is not financial advice"

[jude-zeem]

I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.

[michaelangelo]

Lesson for you. My dad had a coffee can in 1972 with hard saved$13, 000 cash in it. If he had left that in the can to give me today I would have his $13, 000 which was in 72 a lot of money. If Dad had purchased $13, 000 in gold in 1972 and put it in the same can I would have a half a million dollars today. Well what do you or other naysayers have to say about that? WELL !