Why You Shouldn’t Buy Physical Gold And Silver

https://www.youtube .com/watch?v=u28B3qJGxO4

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.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.

21 thoughts on “Why You Shouldn’t Buy Physical Gold And Silver

  1. Edited May 23 2021

    Looks like I’m getting ratio’d by the diehard stackers! 😘

    For those of you who don’t know how to read a silver price chart the price when this video was made to now is essentially the same. The general value of silver has stayed the same, the premiums retail investors pay (in other words you) have just gone up. It’s like you’re buying Starbucks instead of Dunkin Donuts – you’re still buying coffee but you’re paying more. Way more.

    Oh, and you could have made WAY more buying other investments. Enjoy your shiny things.

    Props to the guy who called me the kid from phantom menace as an adult. 🤣

    1. We’re all allowed to have our own opinions. Stackers have their entire life savings in bars, so I understand why they are so defensive about it. In their minds, they HAVE to be right. Nothing is guaranteed in this life.

    2. Again gold and silver is not supposed to be an investment and is more valuable then people think. Gold and silver has always had value while inflation makes the US dollar continue to lose value. An ounce of gold back in the 30s was able to buy you a suit and an ounce of gold today can still buy you a suit. That was a rough example but something I’ve learned from researching gold. Like anything it can lose value but so can the stock market. Gold has been around for a very long time but the stock market hasn’t. Putting your money into multiple things is always a smart idea. I just think people think of gold and silver in the wrong way. I am no expert but just sharing what I think and what I’ve learned.

  2. Talk about a video that has aged poorly..as the dollar slowly dwindles and becomes worthless..All you conspiracy theorist Hang On To Your Gold and Silver..I know I am..

  3. This man is obviously one of those Richie Rich guys who puts his crypto on a flash drive and drinks his latte in his cashmere sweater while watching the View..F#ck off..Gold isn’t an investment..it’s a hedge against inflation ..You come across very Snide..Like I’m better than you..I know what’s best .Give me a break bro.. Richard kiyosaki (Rich Dad poor dad) says by gold I guess I’ll buy gold

  4. I rather have physical gold and silver .

    And you make a big hoo hoo about miner things .

    Bit coin are more fake than gold and silver .
    Fiat currency is fake
    Banks are not safe
    Stocks are not safe .

    I have over a million in gold and silver at my house no need for insurance etc

  5. If someone intelligent disagrees with you entirely, it behooves you to listen to what the have to say. Like most topics many people believe in, both sides for and against physical ownership make some good points.

  6. Your best investment is to vote for a charter of rights candidate who rejects Marxism..

    Then your assets are secured and have future.

  7. Gold and silver is for the long term savings!!!! Not an investment buddy!! Do your own research. Lots of research before you make purchases like that. The shop owner is in the business of making money so your fault for only trusting the dealer. Wake up! I’m learning gold and silver has been around for a very long time.

  8. And towards the end of 2022, inflation is higher than 10%, the stock market is heading into bear territory and recession, and Bitcoin is less than 20k. Gold and silver? About the same, and comex is running out of physical. Whomp whomp.

  9. People buy silver for many reasons but first you must research how to buy silver. The issue you had came from not doing your due diligence and dyor. It’s irresponsible to say silver is a bad investments just because you made a decision without dyor. That’s a bad investor not a bad investment.

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