Gold Reaches All-Time High, Silver Surges to 7-Year High!

Hey guys, although gold reaches an all-time high (in Euros per ounce), silver performed really well last week. In uncertain times people see precious metals as an insurance against inflation.

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#gold
#silver
#investing

[getmartincarter]

In 1924 in Germany hyper inflation started in March . For those who sold their gold in June to make a huge profit in Marks lost all their wealth by October

[imperialgamer]

6:21: A practitioner of subtlety, NICE.

[englishpayerofgermantaxes]

A massive disincentive to buying silver in Germany (and other European countries) is the fact that the buyer has to pay value added tax at 19% (16% July ->December 2020) on silver purchases, whilst there is no equivalent tax on gold purchases. This policy treats silver as just another industrial metal instead of money.
This is probably one of the main reasons that the price of silver compared to gold is historically very cheap.

[arposkraft]

sure way to know if there is a recession... when in a recession metals are high

[wwrbhq]

So now the stock markets will be primed to catch up.

[RenaissanceHorizon]

I'm ready to cash in on my silver.

[ihatem]

We at living in the biggest fattest debt bubble ever.
They HAVE to feed the debt monster to avoid collapse.
Buy gold, silver and everything else than taking a loan!
Gold is going to $30.000/oz this decade.
The real economy will experience stagflation.

[nobodycares]

Metals went even higher than I expected them to go, at least in the first run, so depends how the things will be shaping up in the nearest future, in my opinion, we might see some more increases.

[jayissaved]

I watch your videos everytime you put one out, you have a big fan here on the other side of the world... and I would say we're way more alike than we are different. I just got the first book by your boy the Awesome Hero... I'm very excited to finally read it :)

[Kafson]

Servos mana it's red bull germany again

[tuotrams]

Hyperinflation bei harten Assets bei gleichzeitiger, breiter Lohn-Deflation, interessante Zeiten!

Physischer EM Markt ist unglaublich klein, muss man sich klarmachen, Goldpreis von 5000 Euro und Silber bei 250 Euro (schon in 2021) sind deshalb nicht unrealistisch.

Im Gegensatz zu Aktien und Immobilien, die ohne breite Inflation eigentlich nicht weiter steigen können gibt es bei EM kein limitierenden Faktor.

[derkernspalter]

What crash? Our Department of Thruth just announced yesterday that the economy here in Germany will recover much sooner than expected.

[cryptojohn]

Silver is a commodity that gets consumed.
Gold is money and is forever stacked.

[malcolmapplet]

They will come out with masks that incorporate a micro layer of silver. Touch surfaces like doorknobs will be copper or copper alloy. Everywhere.

[MrDurralex]

Silver -heavy military use too.I read some crazy figures.Ex 500 oz of silver per Tomahawk. Is silver the best option for transferring heat?

[FantadiRienzo]

The dollar has lost a lot of value. Last time I checked which is about one months ago you got 0, 91 € for one $, now it's 0, 86 €

[scythianrabbit]

The US dollar might actually collapse in the next 5-10 years. Is the EU engaging in widespread QE and debt monetization as well? Is there a risk o the Euro popping? The Euro is not the global reserve currency and might be far less resilient to money printing than the USD.

I wonder if inflation will actually start in the coming years and fully wipe out the debts of the oligarchs and governments, and the savings of the commoner

[prunusmume]

also talk about all the possible side hustles out there lol Gold is so last century. people fight inflation by finding alternative ways of earning extra money rather than buying gold it's the new trend.

[MGTOWPsyche]

Crypto Gold and Silver are all usually where excess cash in any economy seeks to absorb all excess cash that floods the markets....as Gold and silver retracts and adjusts downward, you will see other stocks and investments start pumping as people leave a high gold price to buy up cheap stocks!

[prunusmume]

The industrial applications of those metals has no effect on their value as an individual person owning it though. Big industries who want to use metals for their industries will simply buy directly from the source, this is why shills promote gold and silver so often lol it does not have the same value it once did. Why buy gold from plebs when you can own a gold mine in some foreign country. At the same time you have to realize what use are gold and silver for the average person, who don't own a company that deals with electronics. it has no applicable use for anyone, therefore no one wants it.. oh besides people who still believe in that old school meme, which is dangerous cause if people wake up then those metals wouldn't be worth anything and all you have is worthless junk.