Why Gold & Silver Are Bad Investments

Why gold and silver are bad investments during a and economic pullback and an even worse investment during an economic collapse. #goldandsilver #preciousmetals #investing #commodities

[tatersquad]

When Venezuela went to hell and people had to eat zoo animals to survive, gold and silver kept their value and saved the lives of those who had it.

[Elavid]

Huh, you can't carry gold? A tiny 1 oz coin is worth $1900 so it's a very efficient way to transport value.

[JustinVK]

Soooo why have people traded it for thousands of years for those very things? We’ve only been off the gold standard for 52 years, and look at how our economy has been going downhill since. Seems quite ignorant of history…

[Oatmeal]

I agree! Hold whatever can be defaulted on.

[gregoryhouser]

The fact is. As with any collapse of a economy, inflation affects the price of everything. If you made wise investments long before the crash yes you may be able to have more money but that money is still not gonna get you as much in return in terms of basic needs. You have to understand that you may be better off having emergency funds tucked away not in a bank, people think you can’t have cash put away outside the bank but it’s a non issue, if you made that money legitimately and paid taxes then no problem you can hoard as much as you please, just remember you’ll be looked at strange when you need to put 100k deposit. My advice is just put away a what ever you are able to, cash is king and he’s no technically wrong about the fdic, but remember that’s has a cap on how much is insured 250k, but remember if everyone does try to withdrawal at once they would just print more money to artificially offset a collapse. Basically we are screwed either way and when that time comes you may get your 3, 000 in bank out but a onion will cost 2-3 dollars a pound and meats 16-20 for low quality. Expect at this point for a nationalization of basic goods to artificially control pricing and you’ll see farmers being paid by the feds to grow our food and that money paid right back into the government hands.

[helenbrooks]

Silver tripled in value during the crash of '79 fool.😂

[wihukeon]

You can't protect yourself with it, errr i'm pretty sure if you bashed someone with gold or silver it'd hurt alot not to even mention using it as a projectile.

[matthewh]

Nice white board! Try making so neat drawrrings!

[nameless_no_name]

dude.... FDIC can only fund 5% of everyone's savings, ie there is not enough coverage if all the banks collapse.
Tell people in Turkey, Venezuela, and Lebanon that silver and gold are a bad idea as their savings in their dog-poop currency melts away.
My question to you is, "have you ever experienced an economic collapse"? Looking at the lack of grey in your beard, I'd say not. My friend was from Venezuela, my neighbour has family in Lebanon, and my customer escaped Communism while things were imploding in Eastern Europe. So, I might have a different perspective. The point, is having essentials are good but having those AND gold, silver, and a hard currency are better.
If you read history such as "When Money Dies", you would see that silver and gold over hyperinflating currency is massive.
If the paper financial market implodes, having ETFs. MFs, Bonds, cherry-picked stocks = dog poop. Why? Because you are not diversified. Everything is in paper.
Real estate with land, gold/silver, diverse stocks/bonds, maybe BTC, essentials, and maybe a 2nd pass port with a whole lot of God is the best diversification.

[beekeeper]

Foreshadowing when stocky uses these hate comments for react andy content

[RHM]

Yea this coming from a stock guy. Fuck stonks buddy. Gold and silver is REAL.

[ianp]

But stocky what if it's a werewolf outbreak