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DON’T Buy Gold!! Here’s Why! ❌



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📺 Helpful Vids 📺

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– TIMESTAMPS –
0:00 Intro
2:03 Why Gold is Purchased
5:09 Not Restricted in Provide
8:43 Bodily is a Con
11:51 Provide Chain Points
13:30 Counterfeit Gold
15:17 Finest Different
18:16 Conclusion

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⛓️ 🔗 Useful Hyperlinks & Sources 🔗 ⛓️

► Gold Provide Chains:

► Counterfeit Gold:
► Complete Gold Provide:
► Polyus Gold Deposits:
► Govt Order 6102:
► Asteroid Mining:

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❌ Gold is Not Restricted ❌

Gold bugs are basing their assumptions of provide on what’s at the moment within the floor on this planet. Nonetheless, they neglect to say that gold can certainly be mined on asteroids. And, as we all know the universe is infinite which *theoretically* implies and infinite provide.

Take for instance Psyche 16. That is an that’s nestled between the orbits of Mars and Jupiter and is product of strong metallic.

These metals embrace not solely Gold but in addition platinum, nickel and iron. By some estimates, Psyche 12 has sufficient mineral wealth on it to make everybody on the planet a billionaire. The second this gold hits the market it should make it nugatory.

Gold can also be continually being found on earth which impacts on the circulating provide and therefore the worth.

✋ Gold is Bodily ✋

Transporting gold may be very costly. They must pay for insurance coverage, transport and different bills. It is usually actually exhausting to maneuver in a state of affairs during which individuals have to maneuver immediately. We will consider a coup or another financial collapse.

It is extremely exhausting to take gold previous safety at airports and plenty of international locations have necessary reportign necessities. You’ll have to pay massive import duties on the gold.

You additionally can not retailer than Gold inside vaults as there’s a danger that the governments go straight to these vaults ought to they need to take broader management of the nation’s gold provide. That is one thing that has occurred prior to now.

⛓ Gold Provide Chains ⛓

Gold needs to be transported to market as a way to be bought. As we have now seen with the pandemic shutdowns, the gold provide chain is kind of brittle and there have been large shortages that had been attributable to the shortage of economic flights / transfers.

Add to this the truth that gold bugs had been hoarding all of the gold they might and you’ve got a critical provide scarcity.

There was so little gold arriving available on the market in London that the unfold between the Comex gold futures and the spot market was the best that it has ever been.

What must be an effecient market can turn out to be very inefficient and illiquid with the correct circumstances.

👎 Faux & Unlawful Gold 👎

There’s a fairly massive provide of pretend gold bars available on the market. These gold plated bars can solely actually be detected by those that know what to search for. And even then, some fakes are so good they idiot the professionals. They’ve even getting used to acquire billions in gold securitized lending.

You even have to fret about the issue of unlawful gold. That is gold that has been smuggled or illegally stamped. These are rather a lot more durable to identify as they’re prime quality gold however have a historical past that’s lower than savory.

🤔 Options? 🤔

Bitcoin is the most effective retailer of worth because it has all of the qualities that the gold bugs suppose they’ve:

– Protocol outlined Max restrict
– Regular provide emission
– Fungible
– Censorship resistant
– Arduous to grab

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📜 Disclaimer 📜

The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable danger of loss. The speaker doesn’t assure any specific end result.

#Gold #Investing #Bitcoin #inflation #economics #pandemic

Source: Coin Bureau

42 Responses

  1. Glad to see the healthy / counterarguments in the comments! I love having my views challenged. To be clear, I would rather hold Gold than fiat in a bank account. That much is obvious. Gold will still have value in the foreseeable future and people will still hoard it.

    However, I am just of the view that Bitcoin is fundamentally more sound as a store of value and is hence the reason that I hold it. I am also not advocating for everyone to take an absolutist stance on it. There is nothing wrong with diversification. You can hold both and hedge your risks. Indeed, you should also consider diversification in your broader portfolio. My portfolio is more slanted to Crypto and Bitcoin, yours may be different.

    And speaking of which, if you guys want to keep up to date with my portfolio, don't forget to signup to my weekly newsletter. You may also want to jump into my telegram channel for daily thoughts on the market.

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  2. you can divide a bitcoin into 100 million parts: a satoshi. easily tracked, counted, spent, and traded. try splitting a gold ounce into 100 million equal parts and trading it.

  3. I believe there are some solutions for gold concerning most of the mentioned problems (besides intergalactic mining of course). There are companies buying gold for their clients on the market for the lowest price and then have it stored by an independent and audited vault company in a safe country like Switzerland or Singapore. You can sell or buy gold on your digital dashboard in a second for the best prices and the lowest and safest storage cost. Even if the FIAT would crash, you could convert some of your gold flawlessly into the new FIAT currency.

  4. Napoleon used gold dinnerware for his less important guests. The VIPs used aluminum, which at the time was much harder to mine. I imagine many lost fortunes when technology suddenly advanced.

  5. Diversify, have both!! Also, there may be a limited supply of Bitcoin but there is an unlimited number of possible crypto currencies. Anyway this was a great video with lots of good points.

  6. Asteroid gold would probably be valued 200 maybe even 500 times more expensive than earth gold so I don't think it'll behave like finding a deposit of 20 million tons of gold in the eartg

  7. A little harsh on the gold risks, IMHO. Bitcoin is still a risk asset:
    – 51% attack (more likely as mining consolidates)
    – Regulatory risk
    – Self-custody risk (losing your wallet/forgetting your 24 words)
    – Much higher volatility than gold

    In terms of supply risk, you yourself made a video about how economic consensus can lead to new bitcoin issuance. To me this risk is about equal to the asteroid mining risk, probably at least a decade or so out. I think the real benefit of btc and crypto in genreal is that some of these risks are orthogonal to the risks of gold and other asset classes.

    Nice vid (as per usual) even if it's a little maximalist for my taste.

  8. "There is enough gold on the seafloor to give every person alive nine pounds, scientists estimate."
    https://www.nationalgeographic.com/history/article/deep-sea-mining-five-facts

    If that estimate is true, we just need to wait for underwater mining drone armies to destroy the gold market, instead of asteroid mining.

    For consideration, there is currently about 1oz of gold per person above ground right now with about 0.25 oz below ground in known deposits. This ocean gold would (pun intended) drown the entire gold market, increasing the gold supply by 144x … that's insane.

    I owned gold till I looked into this… decided to walk away. Technology threatens the value of gold by making it easier to obtain, as it always has.

  9. I have a few points to add that need addressing before people are confident to adopt bitcoin:
    1. Bitcoin community has done a poor job of educating people of the practical steps involved in purchasing, storing and using bitcoin. They only talk to each other in their own language assuming knowledge.
    2. When you move bitcoin between wallets, other cryptocurrencies, or exchanges, it is a taxable event. So if you move a bitcoin the tax man gets paid. The price is too volatile to make this functional. If I move gold from one storage vault to another, it is not a taxable event.
    3. Scammers target new adopters. Exchanges can be hacked.
    4. People lose their private keys.

  10. Interesting. Another great video guy. While someone may be able to barter with physical gold they have on their person in an emergency, if there is no internet service then crypto becomes inaccessible.

  11. Surely the gold mining companies and governments are heavily invested in ensuring prices remain as high as possible/stable? Diversification – and remembering that economies are inherently irrational and manipulated – is the key.

  12. it seems easier that humans get into interplanetary minning than breaking the bitcoin with a quantum computer that can actually run something more than a+b

  13. I'm not a fan of this video's title. I think it's a good idea to store some wealth (say 10%) in old or bullion gold coins (such as sovereigns or gold eagles) in case of emergency or for speculation. I traded some old hardware for 1912 sovereign in 2016 and I'm quite happy with my investment. Also I look at 10y chart and it makes me feel bullish. But I gave this video a like because many important aspects were covered quite well.

  14. Guy, I love the fact that you make me think and that is a rarity. I am in but not all and hold gold as well as crypto. Jp Morgan are masters of manipulation and have done so with gold for years in the form of derivatives. They have even been prosecuted and fined. My question is why wont they or any other commercial bank or company do the same thing? I think fungability is a foreign word to them as 1 = 10 to them

  15. I'm a gold bug, here are my counter-arguments:
    – Gold has major utility value, especially in electronics and computer chips (which bitcoin is dependent on)
    – Bitcoin's utility value is dependent on it having monetary value, (would you care how secure it is, or how easy it is to move across borders if it were priced at zero?)
    – Once raw materials are in orbit, they are worth much more, therefore there is not yet any incentive to move asteroid mined metals to Earth's surface
    – Government seizures are avoidable if you store your gold in a trustworthy jurisdiction (Singapore for example)
    – Bitcoin isn't safe from government interference, now in the US it is very difficult to buy bitcoin without some kind of KYC regulation
    I still buy bitcoin, but I don't see it as "digital gold", more of a historical asset like a famous painting or ancient sword. People will always want a piece of the worlds first cryptocurrency.

  16. Not sure about French Francs, but the old German Deutsch Mark is still worth its equivelent in Euros, the DM has been guaranteed for Eternity, obviously because there were more DM1000 notes than 10DM notes and the Rich can´t be robbed?
    So If you do find a suitcase full of DM´s you can still change them at a German Central Bank, for the same as If you changed them on the first day of the Euro.
    There are quite a few idiots that claim that the Euro is failing and that “New´´DMs are being printed just in case it does fail, this is rubbish because Germany are still burning old DMs that do turn up out of Switzerland etc as the DM1000 note was used as a bank security and the favourite note for criminals and money smugglers,.
    A DM1000 note was worth about 300 Pounds at the last count about 20 years ago.
    Now it would bring almost €500 which is nearly 500 Quid as the Pound has dropped like a lead weight in 20 years, “Sound as the Pound!´´? Really?
    Sorry to be so boring, but don´t burn your old DMs!

  17. I love this channel, but I still haven’t been able to get an answer to one very important question. I agree crypto is likely to take over as “the” main store of value, but why is it predetermined to be Bitcoin and not one of the more useful coins?

    Also in terms of “finite supply,” I can copy/paste the Bitcoin code and make “Bitcoin 2” pretty easily. Now there’s 21M new “identical” BTC up for grabs. But these have no value because… we say so?
    I need to solve this final piece of the puzzle to feel comfortable. If anyone has a link to an article or video on this, please share. Many thanks.

  18. A factor seems to have been omitted in the psyche mining argument against pm: the source and cost of energy it would take 1.) to do the mining and 2.) bring it back to earth. Any thoughts on that ?

  19. I’m a metallurgist in the gold mining industry, gold price will always be elevated on earth as gold deposits are getting deeper and deeper to mine with the grade of the ore getting less and less as deposits aren’t necessarily easy to find. This drives up the mining cost per tonne of ore to get the gold ore out of the ground. All the old times before us got all the easy surface gold. Now it takes deep high risk expensive mining and potential asteroid mining alternatives to obtain new gold! Think about that. Trust me Guy you are narrowing yourself off here mate. Love your videos as always

  20. Why u r not serving ads? Each penny counts, you robbing yourself off the PENNY MOUNTAINs you deserve for your content. Don't tell me u r getting funding from the CCP/USA in order to create a one true global currency in the form of cryptocurrency🤯🤑😈

  21. You forgot one physical point.
    Transporting Gold with a briefcase?
    If u are Hafþór Júlíus Björnsson maybe.
    If u have a 1 liter bottle of Water in Gold it weights almost 20kg.
    A briefcase full of Gold can weight 100kg!

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