The REAL Reason Costco & Walmart Are Selling GOLD & SILVER | Mike Maloney

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GoldSilver (w/ Mike Maloney)

GoldSilver (w/ Mike Maloney)

4 ай бұрын

Get Mike's book at www.ggsr21.com “We are entering the third and final phase of the precious metals bull market. This is where the biggest moves and gains in wealth are made, and this (Costco & Walmart selling gold and silver) is the proof that we are entering that phase because it is now getting into the public consciousness.” - Mike Maloney
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GoldSilver is one of the most trusted names in precious metals. Since 2005, we’ve provided investors with both education and world-class bullion dealer services.
We offer a wide selection of bullion products, private vault storage, global shipping, and easy payment choices.
Buy Precious Metals at: www.goldsilver.com
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Check out our sister channel Wealthion @Wealthion featuring regular guests such as Jim Rickards, Rick Rule, Stephanie Pomboy, Lance Roberts, John Hathaway, Alisdair McLeod, Simon Hunt, John Rubino, Jim Rogers, Marc Faber and more.
As always, thank you for your support. M.

Пікірлер: 210
@Goldsilver
@Goldsilver 4 ай бұрын
Welcome to the Weekly Wrap. Want to learn more? Get my new book at 50% off at: www.amazon.com/Great-Gold-Silver-Rush-Century/dp/B0BP3HW5HJ
@ronjhorton
@ronjhorton 4 ай бұрын
Mike...you best investment this year was bringing Alan on board. 👏
@Goldsilver
@Goldsilver 4 ай бұрын
He's great isn't he!
@not_sure...
@not_sure... 4 ай бұрын
​@@Goldsilveryes Mike! Really enjoy you guys together.
@PhoenixCrown
@PhoenixCrown 4 ай бұрын
Hard agree! Thanks for keeping your message going with the younger generation!
@not_sure...
@not_sure... 4 ай бұрын
The US Constitution is so beautifully written its sad to see these politicians wipe their ass with it.
@Goldsilver
@Goldsilver 4 ай бұрын
Indeed
@joefer5360
@joefer5360 4 ай бұрын
The only worth the US Constitution has amongst our "leaders". Butt wipes. :/
@terryoneill377
@terryoneill377 4 ай бұрын
There were fewer interruptions and this was a lot smoother to watch than some recent videos. I'm so happy because I think you are a great duo.
@davidkerins8464
@davidkerins8464 4 ай бұрын
I just started stacking silver a month ago 14oz so far so your videos are really educational so thank you
@joconst2880
@joconst2880 4 ай бұрын
Well done keep stacking 😊
@frederickmuhlbauer9477
@frederickmuhlbauer9477 4 ай бұрын
Welcome Try to get more asap.
@bduncan9724
@bduncan9724 4 ай бұрын
Always enjoy listen to both of you. The honesty is refreshing
@kirkheisey2597
@kirkheisey2597 4 ай бұрын
THANKS MIKE FOR ALL YOU DO!
@kevinw9073
@kevinw9073 4 ай бұрын
Happy New Years Eve! Your updates are so valuable in so many ways. Keep up the good fight!
@C-130-Hercules
@C-130-Hercules 4 ай бұрын
I first started watching Mike Maloney about 10 years ago. With the hidden secrets of money series. I sent that video to so many people. To this day, those people still follow Mike like I do. I have tried to follow the others. The ninja guy. The basement guy. Mike is the only one who has solid information without any fluff. Thank you Mike. I'm still watching. 👍 📺 👀
@rogerburn5132
@rogerburn5132 4 ай бұрын
Mike and Alan Big Thanks. Brilliant information. Always 👍👍👍👍
@indi-69
@indi-69 4 ай бұрын
Mike, you will get THE legend for all the people who do not understand the upcoming conflikt USA / BRICS . Thanks for your engagement in the last decades - for me you are even today legend
@honorkemp
@honorkemp 4 ай бұрын
Always great to here what you have to say thanks for sharing the knowledge for so many years Happy new year ,as it will be to you and all who follow you,from the UK
@EnlightenedPatriot1
@EnlightenedPatriot1 4 ай бұрын
This fellow Brit fully agrees with you. Mike's invaluable financial education, freely given to me (apart from his excellent books) over the past 10 years, has prevented me from being that average, vulnerable, American Joe, they speak about, thank God,
@honorkemp
@honorkemp 4 ай бұрын
@@EnlightenedPatriot1 Few people seem to understand what is coming ,fewer understand the importance of gold and silver
@smarti11
@smarti11 4 ай бұрын
Thanks Mike and Allen, great information!
@Ivan_Magana
@Ivan_Magana 4 ай бұрын
They are selling gold because they and the people ahead of the curve been stocking up on gold for the past couple years. Then after years of stocking up they will let the masses know to get gold and drive the price up as I said.
@rogerburn5132
@rogerburn5132 4 ай бұрын
In the US only Gold is Money US constitution Article 1 Section 10. 🥇🥇🥇
@Mark1959Holladay
@Mark1959Holladay 4 ай бұрын
Mike you and I are very close in age, and I like you have been collecting silver and gold for the better part of 60 years. My grandad told me to start keeping coins after JFK and his advice was invaluable. Your videos and book have also been great. Happy New Year to you and yours
@Goldsilver
@Goldsilver 4 ай бұрын
Thank you, Happy New Year.
@Dowell318
@Dowell318 4 ай бұрын
How has your gold and silver done in those 60 years? Especially silver.
@troywinn215
@troywinn215 4 ай бұрын
​@@Dowell318insurance that he will eventually collect on in spades, why you such a Karen
@Dowell318
@Dowell318 4 ай бұрын
@@troywinn215 How do you know he will? That's speculative. What I find disingenuous about Mike Maloney, is that he got into Bitcoin very early...yet he continues to parrot the metals. So he knows how much better Bitcoin is, but doesn't want to spread that word around. It's lying by omission, really.
@frederickmuhlbauer9477
@frederickmuhlbauer9477 4 ай бұрын
Dowell318 why are you here to troll
@robertbender73
@robertbender73 4 ай бұрын
Its also called the "misery index". Chicsgo PMI fell last month from 55 to 46.9, huge drop as anything under 50 is neg sentiment
@dc-py9dz
@dc-py9dz 4 ай бұрын
Alan is great
@pinussylvestris
@pinussylvestris 4 ай бұрын
The happiness index is based on Klaus Schwabs definition of happiness when you will own nothing.
@MrPatrick1414
@MrPatrick1414 4 ай бұрын
There's the suppressed LBMA/Comex Gold price then there's the REAL price which I believe will soon be realized
@frederickmuhlbauer9477
@frederickmuhlbauer9477 4 ай бұрын
Hopefully
@Meowmeow.age.6
@Meowmeow.age.6 4 ай бұрын
These 1 oz bars are highly efficient. It is enough for safe passage to most places through the black market.
@rogerburn5132
@rogerburn5132 4 ай бұрын
MIKE HAPPY NEW YEAR TO YOU AND YOUR FAMILY BEST WISHES FOR THE COMING 2024 👍👍👍👍
@anchorsaweigh9893
@anchorsaweigh9893 4 ай бұрын
I am a big believer in Au and Ag but temper your investment. If you have some S&P gains from this last run up I picked up some gold and matched it with silver. (Local Dealer)
@lrmorrison999
@lrmorrison999 4 ай бұрын
Costco and Walmart have no stock of gold coins and prices are 10%-15% higher than common on line dealers.
@daddytubewatches
@daddytubewatches 4 ай бұрын
Not in asia costco is lower price than online.
@domingodeanda6113
@domingodeanda6113 4 ай бұрын
Happy new year; 2024.
@jimscherer8072
@jimscherer8072 4 ай бұрын
NYS charges sales tax on gold bullion. Dealers charge sales tax up to $1000. Ebay charges it on almost all transactions depending on the seller's sales volume. On ebay smaller sellers from certain states may not charge sales tax.
@frederickmuhlbauer9477
@frederickmuhlbauer9477 4 ай бұрын
Sales tax? On money Thats just wrong
@drip369
@drip369 4 ай бұрын
Thanks Mike!
@nickgrace5363
@nickgrace5363 4 ай бұрын
Drop shipping is what it is
@truewealth50
@truewealth50 4 ай бұрын
What does " insured " mean Mike ? Do they pay that policy in metal?
@christopherdrake8406
@christopherdrake8406 4 ай бұрын
In store sales or online only?
@kelvinsorrell896
@kelvinsorrell896 4 ай бұрын
When Costco and Walmart set up kiosks to buy as well as sell gold/silver , they will be the new banks.
@frankpeter9145
@frankpeter9145 4 ай бұрын
JP Morgan hates competition.
@gwills9337
@gwills9337 4 ай бұрын
They will displace coin shops as well sad😢
@indigosoundsstudio
@indigosoundsstudio 4 ай бұрын
The average person can’t even afford a one ounce gold coin and if they can they are not going to pay for storage overseas. Mike has millions in gold and silver and of course he needs to vault his PM’s. The average person will never need this service as most people are not millionaires.
@frederickmuhlbauer9477
@frederickmuhlbauer9477 4 ай бұрын
Dont need to be a millionaire to posess some real money
@debbi945
@debbi945 4 ай бұрын
I wouldn't be vaulting anything precious. You must have physical possession of it
@sherpabill
@sherpabill 4 ай бұрын
Not having counterparty risk is one of the big reasons to have gold and silver. Putting them under the physical control of someone else adds counterparty risk. The government will put legal pressure on your counterparty and they will offer up your property without fail. They will say that they were just following the law. Same as it ever was.
@scottjohnson8576
@scottjohnson8576 4 ай бұрын
Looks like somebody missed the entire point. I’m completely average, blue collar and I’ve been buying silver and gold for 40 years.
@banginghats2
@banginghats2 4 ай бұрын
Non-discretionary spending is way up, but that's due to price inflation, not consumer exuberance/demand. In my case I'm buying less food and using less energy and water, but that's still costing more than before, and my rent has really gone up.
@ronaldmiller3619
@ronaldmiller3619 4 ай бұрын
Because rental properties Insurance has gone up, taxes up for property values ho up.
@banginghats2
@banginghats2 4 ай бұрын
I'm in UK, so it's different here. A lot of the increase is because of interest rates on landlords mortgages going up and they're facing cost of living increases too. But in the UK the main reason is we have had a huge surge in immigration and it's causing a housing crisis and desperate renters trying to avoid homelessness. The migrants are coming here far faster than new houses and flats can be built.@@ronaldmiller3619
@vodermore
@vodermore 4 ай бұрын
Thanks for the info! The U.S States reclassify gold and silver. Are they only applying to those gold and silver like 999 gold? What about 24k gold coins? Are they tax free too?
@frederickmuhlbauer9477
@frederickmuhlbauer9477 4 ай бұрын
I believe coins are tax free
@ibberman
@ibberman 2 ай бұрын
24K gold is 999 gold.
@drip369
@drip369 4 ай бұрын
It's crazy that states have to declare what is legal tender when the Constitution already does that meaning this paper system is illegal
@christopherscobie
@christopherscobie 4 ай бұрын
Good.
@Justme-xp4rf
@Justme-xp4rf 4 ай бұрын
2024 is the year for metals😅
@bobsilver3983
@bobsilver3983 4 ай бұрын
I go to my LCS every Saturday. Today I bought 15 halves, 38 dimes, and 2 Engelhard one ouncers.
@danoneill2846
@danoneill2846 4 ай бұрын
Can you use Gold at the self check out yet
@frankpeter9145
@frankpeter9145 4 ай бұрын
When dollars won't be accepted anymore.
@t.w.2000
@t.w.2000 4 ай бұрын
Mike, I would like to know your thoughts on goldbacks?
@joconst2880
@joconst2880 4 ай бұрын
Shite
@anthonyg.3503
@anthonyg.3503 4 ай бұрын
They settle into the category of collectibles for their artwork. There's not much to say beyond that other than that the Grading Companies have gotten into that game too to make a buck.
@NeuroPulse
@NeuroPulse 4 ай бұрын
Unobtainium, anyone?
@rphb5870
@rphb5870 4 ай бұрын
what is a sales tax, is that the same as a vat? in my country we have vat on most things, but not on gold, specifically not gold bullion. We also don't have a capital gains tax, so gold is pure profit if it goes up (as long as it is in physical bullion)
@stermindelves4251
@stermindelves4251 4 ай бұрын
Yes. You’re right. In the States it’s sales tax and here in U.K. it’s VAT
@rphb5870
@rphb5870 4 ай бұрын
@@stermindelves4251 what is sales tax?
@ibberman
@ibberman 2 ай бұрын
Capital gains tax on sales in the USA.
@rphb5870
@rphb5870 2 ай бұрын
@@ibberman capital gains tax? that sounds immoral. I studied tax law a few years ago. our income tax was introduced in the tax law of 1905, but the all important §5 states that income does not include "capital gains" Now the government have made certain specific things subject to a tax anyway, but the general rule (lex generalis) is that capital gains are not a taxable event. this is especially important for "løsøre" (meaning physical moveable stuff)
@user-nd6so7yg2y
@user-nd6so7yg2y 4 ай бұрын
JOKE : Mike ,......" when the shoe shine boy in 1928 gives you stock advise." Maybe not the appropriate joke as to were we are but Walmart and metals reminded me of that story.
@bethannea4842
@bethannea4842 4 ай бұрын
Yeah, when I saw walmart joining Costco I thought "top is in"
@frederickmuhlbauer9477
@frederickmuhlbauer9477 4 ай бұрын
But metals are far from a mania/ bubble letsface it they arevastly underpriced
@ibberman
@ibberman 2 ай бұрын
My dentist's son gave me a NVDA tip, the other day.
@markusfrey4256
@markusfrey4256 4 ай бұрын
If they can't pay their bills how should they be able to buy gold?
@wealthintruth6227
@wealthintruth6227 4 ай бұрын
Credit....
@danielturner9832
@danielturner9832 4 ай бұрын
most won't
@frederickmuhlbauer9477
@frederickmuhlbauer9477 4 ай бұрын
If they dont get some Gold they will be worse off later on
@Meowmeow.age.6
@Meowmeow.age.6 4 ай бұрын
Costco limiting to 2oz and they are all out in 2 hours says that average people are worried about the currency. If Walmart and Costco continues to sell gold - that is more demand. Maybe people just want a few ounces for peace of mind. When currencies collapse gems paintings gold silver platinum will get you the same amount of stuff in the new currency.
@frederickmuhlbauer9477
@frederickmuhlbauer9477 4 ай бұрын
As they should be
@sang3Eta
@sang3Eta 4 ай бұрын
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." - Friedrich August von Hayek.
@paratrooperlane7022
@paratrooperlane7022 4 ай бұрын
I follow people on KZfaq who buy cryptocurrencies and gold/silver...........Not one of them talk about making a profit from Gold or Silver. They do make a profit with cryptocurrency.
@Some-hc1lk
@Some-hc1lk 4 ай бұрын
My favorite Costco is the one in Dana point ca which is your favorite costco...... I like xxx mil dollar checks as well Can I pick up silver from my vault in person if I purchase and store silver with you?
@Some-hc1lk
@Some-hc1lk 4 ай бұрын
I wonder what's going to happen now are you all going to prove me right about you all and ignore this while I get asylum to avoid paying me or you going to tell these people the truth and cut my check As you follow me around participating In clandestine affairs remember your here cause they don't want to pay me my money and your getting ready to watch them grant me asylum cause they can't stop lying
@__-pl3jg
@__-pl3jg 4 ай бұрын
Maybe I missed it....Why are Walmart and Costco selling gold/silver?
@prashanthcherukuri6683
@prashanthcherukuri6683 4 ай бұрын
Costco was. Walmart is doing through multichannel not directly
@lennonzamora5387
@lennonzamora5387 4 ай бұрын
Starts at 10:44
@__-pl3jg
@__-pl3jg 4 ай бұрын
​@@lennonzamora5387- Thanks, but I'm still not hearing WHY. I mean it's easy to see the reasons for myself but I wanted to hear Mikes opinion. Basically they're selling because there is demand from consumers. I was hoping for a more granular explanation.
@Troy_Ounce
@Troy_Ounce 4 ай бұрын
They’re trying to shut down mom and pop coin shops
@sang3Eta
@sang3Eta 4 ай бұрын
Top of the market
@frankyhonnolus5528
@frankyhonnolus5528 4 ай бұрын
I am surprised that any Americans actually bought gold at Costco.
@ProductionJunction1
@ProductionJunction1 4 ай бұрын
Why?
@frankyhonnolus5528
@frankyhonnolus5528 4 ай бұрын
@@ProductionJunction1 Because much less than 1% of population owns any gold. People own bitcoin but don’t know anything about gold. Nobody around me has gold as investment. But they buy gold at Costco like it’s a popular item? Doesn’t make sense.
@ryanmiller3141
@ryanmiller3141 4 ай бұрын
2% back
@frankpeter9145
@frankpeter9145 4 ай бұрын
Maybe they're closer in location than the bullion dealers.
@frederickmuhlbauer9477
@frederickmuhlbauer9477 4 ай бұрын
Im NOT I did myself
@saddle8bag
@saddle8bag 4 ай бұрын
Happiness index calc makes perfect sense. When unemployment and interest rates low, number big, people happy...and vice versa.
@free-qe6wx
@free-qe6wx 4 ай бұрын
The highest probability is that metal prices go "vertically" down in a severe crash before they later go up. That up will only last a couple of years before prices revert to the mean. Factor in the negative dividend (secure storage), and this is a wash. Same old story, over and over again.
@StofStuiver
@StofStuiver 4 ай бұрын
There is no causal relation between 'employment' and 'happiness'.
@brysteinberg1972
@brysteinberg1972 4 ай бұрын
I teach personal finance in Philadelphia and I bought 20 silver 1 oz coins for about 500 bucks. So, the corporations are not taking a big bite as of yet, they're just testing it out. I plan on taking one coin and doing a contest at school to give it away. Why? Because I want the inner city community to know that our money is being inflated away and it needs to be based on something. I'd love to tell you about it because I think personal finance should be spread across the country and replace math classes right now for 12th grade.
@TemplarYogi
@TemplarYogi 4 ай бұрын
2024 will be an epic year for gold !
@frankpeter9145
@frankpeter9145 4 ай бұрын
No! It will be a huge devaluation of currencies.
@cockta1168
@cockta1168 4 ай бұрын
Godd afternoon from Slovenia-Europe.
@frankpeter9145
@frankpeter9145 4 ай бұрын
dober dan.
@tylerdouble8721
@tylerdouble8721 4 ай бұрын
Today I just picked up a bank roll of silver dimes from my local Coin Dealer today. Wish I could have bought more of them for my precious stack.
@bobsilver3983
@bobsilver3983 4 ай бұрын
50 dimes is a good buy...I actually bought dimes today as well from my LCS...I bought 38 uncirculated 1964 dimes, $2 each...plus I bought 15 Franklin and 1964 JFK's.
@tylerdouble8721
@tylerdouble8721 4 ай бұрын
@@bobsilver3983 if I had a couple extra hundred dollar dollars on me today. I would have bought the rest of the bank rolls of silver. They were in * old style * bank roll wrappers.
@michaelboyle6774
@michaelboyle6774 4 ай бұрын
Thank you Mike n Allen for updates. Its such a blessing to listen to honest guys with facts. I never listen to govt. or national media liars now. 2024 will be a horrific year for many poor and unprepared people. Many national and international events could make life worse. Keep telling truth because you may actually be saving lives.
@shaunm1030
@shaunm1030 4 ай бұрын
Perhaps it should be renamed as the "Comfortably Numb" index?🤔
@Metal_seer
@Metal_seer 4 ай бұрын
The record was set last Friday.
@Robert31352
@Robert31352 4 ай бұрын
Texas has already set in place to deposit your Gold and silver in the Texas depository. They are working on how, and may already be set in place to use your "real" money in everyday transactions.
@frederickmuhlbauer9477
@frederickmuhlbauer9477 4 ай бұрын
Texas is my kind of state
@Goodsnout
@Goodsnout 3 ай бұрын
So gold hits an all time high. How is silver doing?
@mattk1358
@mattk1358 4 ай бұрын
Gonna be hard to compete with a 30$ premium Mike. I get you have better service but the average Joe is jumping in now :)
@simapark
@simapark 4 ай бұрын
Why would someone queue up at a kiosk in public in Walmart to buy Gold . They may as well put a sign on their back saying ' come rob me on my way home or come break into my.home as i buy and store Gold '
@squishyplums2415
@squishyplums2415 4 ай бұрын
Walmart and Costco are selling gold and silver to buy crypto.
@joconst2880
@joconst2880 4 ай бұрын
😂😂😂😂😂
@DDoubleU8001
@DDoubleU8001 4 ай бұрын
Hahaha...!!!! Hilarious!! Just like central banks haven't really been buying record amounts of gold the past few years like they said they were. No, they've actually secretly been buying crypto currency!!! LOL
@stpaulmercantile
@stpaulmercantile 4 ай бұрын
Walmart is not selling gold and silver. Any retailer can list their products on the Walmart marketplace. Walmart handles the financial transaction, takes their sales commission, and the retailer mails the product to the customer. Walmart never even sees any of the metals. The process is similar to Amazon and eBay 3rd party sellers.
@fandangofandango2022
@fandangofandango2022 4 ай бұрын
Mike Maloney Big Easy Going Guy / Gold the Way to GO.
@theoldguy9329
@theoldguy9329 4 ай бұрын
Could not find article. UN happiness index is different, If sum of unemployment and inflation divided by 1000 then higher u employment and higher inflation makes people happier.
@havefunstayingbroke2883
@havefunstayingbroke2883 4 ай бұрын
Oh I didn’t know this was a commercial
@theraptureisnearbelieveinj448
@theraptureisnearbelieveinj448 4 ай бұрын
People love not working anymore, even if they’re poor. 😊
@billp4
@billp4 4 ай бұрын
I was gonna say regarding that happiness index, I'm happier when I'm unemployed 😀
@theraptureisnearbelieveinj448
@theraptureisnearbelieveinj448 4 ай бұрын
@@billp4 haha! Me too! Me too. 😂
@frederickmuhlbauer9477
@frederickmuhlbauer9477 4 ай бұрын
Happier when theyre unemployed How is that going to end
@theraptureisnearbelieveinj448
@theraptureisnearbelieveinj448 4 ай бұрын
@@frederickmuhlbauer9477 In the woods. 😂
@billp4
@billp4 4 ай бұрын
@@theraptureisnearbelieveinj448 Or in a crappy job they hate.
@chasinglegends9413
@chasinglegends9413 4 ай бұрын
The only thing transitory is Jerome Powell's job.
@emitfoynam8411
@emitfoynam8411 4 ай бұрын
test test
@mariomader8850
@mariomader8850 4 ай бұрын
I will wait to see if your gold sentiment guess plays out as we see them as on the edge financially--GREAT DREAM THOUGHT
@nickgrace5363
@nickgrace5363 4 ай бұрын
SPY out performed gold . Even McDonald’s 😂
@DDoubleU8001
@DDoubleU8001 4 ай бұрын
​@@nickgrace5363Apparently you don't understand the purpose of gold. It's primarily a hedge against currency depreciation and therefore gradually increases in price over time. It's also a hedge against economic and geopolitical catastrophes. Your comment is like saying "My Apple shares outperformed your car insurance policy!!" So I suppose I should never buy car insurance again and instead use that money to buy tech stocks.
@bduncan9724
@bduncan9724 4 ай бұрын
Keep looking at the increasing digits on the screen in regards to stocks. They won't be able to buy anything after you convert into the declining fiat dollar. I would suggest buying the financial insurance you need. I'm assuming you buy insurance for everything else.
@nickgrace5363
@nickgrace5363 4 ай бұрын
Well, golds been atropine for awhile . Investors could be investing in Apple and spy , then rotate to buy some gold is my point . Gold didn’t make a 50% gain as the Nasdaq 100 has over 12 months . Now it’s like I can sell Nasdaq and buy some gold . Is a good way to invest in gold coins bars ect
@bduncan9724
@bduncan9724 4 ай бұрын
@@nickgrace5363 the stock gains may not even come close to being able to purchase metals in the near future. If you can even find it to purchase when it goes vertical. The bullion dealers etc will not know where the top is and thus won't sell because they won't know what the replacement cost will be.
@vallieri72
@vallieri72 4 ай бұрын
I think you should have to replay that video pointing toward a 11250USD gold price target by november 2023 and try to understand why it didnt happen. Maybe too many worthless crypto currencies around???
@jamesers99
@jamesers99 4 ай бұрын
David Morgan said he believes that's why the cryptos were introduced: to siphon off money that would otherwise go to previous metals. Sure looks that way.
@DDoubleU8001
@DDoubleU8001 4 ай бұрын
Here's my advice for you.... Ignore people who predict "Gold is going to XXXXX dollars". It may or may not happen. Don't worry about that. Instead, own some gold (about 10% of your portfolio) and hold it permanently. Gold tends to rise about 10% per year on average over the long term as underlying currencies depreciate. That's the main purpose of gold -- as a hedge against currency depreciation. It's also a hedge against economic and geopolitical catastrophes and serves as portfolio diversification. Its purpose is not to provide spectacular investment returns. Some day, if the financial system implodes and/or we get hyperinflation, then the insurance utility of gold will take over and your purchasing power will be protected and you'll be glad you own some. Let me know if you have any questions.
@pilotboba
@pilotboba 4 ай бұрын
Did you delete my comment and question? Or did youtube delete it because I put a link to your site in it?
@anthonyg.3503
@anthonyg.3503 4 ай бұрын
KZfaq will delete comments with links.
@pilotboba
@pilotboba 4 ай бұрын
@goldsilver basically two questions. 1. Why the investdirect pool accounts, when in several locations on your website you mention this is BS and don't buy from places that have pooled storage. Found it on the storage page. "Total control of your whole bars and coins. No fractional nonsense." 2. How can I trust that MY gold in YOUR vault is really mine. If the world goes bad and hyper inflation happens will I be able to sell or take delivery? I fell the gold is safer with me. Yes, I know there are risks. Putting it in a SDB at a bank is the last thing I would do with it.
@cliffdeane9711
@cliffdeane9711 4 ай бұрын
MN only has 5.7 million people ... come on Mike.
@stevenkaae9490
@stevenkaae9490 4 ай бұрын
Maybe you should listen to the statement before you write a comment. They say it is probably " repeated " customers.
@mrme3717
@mrme3717 4 ай бұрын
This 'last phase' will be 1 to 2 years long. That is, people awakening will increase over the next 1-2 years. People will then demand Sound Metalic Money. .
@swright712
@swright712 4 ай бұрын
Walmart is a scam of some kind. I have had 30+ orders canceled by walmart. They cancel my order for silver and ask me to change my password and try again. I change my password and try again and then they cancel me again. That's happened 30+ times.
@joetow4817
@joetow4817 4 ай бұрын
Ya where real happy working for nothing and having nothing cause everything we make goes into keeping us alive and mobile..
@thelifeofdel9923
@thelifeofdel9923 4 ай бұрын
I like Alan
@groundfog
@groundfog 4 ай бұрын
👋🏻
@JJE2010MO
@JJE2010MO 4 ай бұрын
I can't wait to use self check out to buy some gold. lol.....
@markwestphalen6008
@markwestphalen6008 4 ай бұрын
Maybe the large retailers want to be positioned to transact in metals in case the poop hits the propeller?
@frederickmuhlbauer9477
@frederickmuhlbauer9477 4 ай бұрын
And it will
@Educationsupport
@Educationsupport 4 ай бұрын
Walmart has been selling gold and silver for a long time, and cheaper than the online stores that theyre being sold from. Coins are neat, but everyone should be buying goldbacks and silverbacks.
@barneyrubble4827
@barneyrubble4827 4 ай бұрын
Just started but there's no utility yet in central PA. Still a good investment. UPMA Banlby!!!
@Saviour3
@Saviour3 4 ай бұрын
All I see are long ads
@HarisKhan-sz2cz
@HarisKhan-sz2cz 4 ай бұрын
You need to see an eye specialist urgently. Don't waste time. Go now
@Ivan_Magana
@Ivan_Magana 4 ай бұрын
Gold is top tier one, gold will be backed be cbdc
@covidfartfog8076
@covidfartfog8076 4 ай бұрын
$2069 Ounce Gold is pathetic and weak. Get on the move gold!!!
@frankpeter9145
@frankpeter9145 4 ай бұрын
You need the currency to devalue for it to go higher.
@covidfartfog8076
@covidfartfog8076 4 ай бұрын
@@frankpeter9145 it’s clearly already been devalued by the trillions the last few years and gold hasn’t done shaiT. Almost everything has gone up in cost EXCEPT gold!
@Nikotromus
@Nikotromus 4 ай бұрын
"PM's are going to boom! And, this time I'm serious. Please believe me!"
@lepton31415
@lepton31415 4 ай бұрын
troll much?
@DDoubleU8001
@DDoubleU8001 4 ай бұрын
​@@lepton31415Yes. And isn't it funny how these trolls are some of the first to watch a Mike Maloney video that's clearly about gold!! Lol. I have no interest in Bitcoin but I don't go watch videos discussing Bitcoin minutes after they're released. Very curious to understand their motivation for being here.
@billp4
@billp4 4 ай бұрын
You could save typing and just say, "I'm a jerk.'
@lepton31415
@lepton31415 4 ай бұрын
@@billp4 lol
@Nikotromus
@Nikotromus 4 ай бұрын
@@billp4 - Take a chill pill Karen. You know I'm right.
@the100percentstraightguy
@the100percentstraightguy 4 ай бұрын
this is what I hate about these video's... all mike is afraid of is losing business because Walmart is selling and not them. And that storage thing... I'm sorry but I don't trust that.
@tinfoilninja
@tinfoilninja 4 ай бұрын
To make it look like trash
@joefer5360
@joefer5360 4 ай бұрын
1:45 HI = 1000/(U+I) Wow, that looks even dumber expressed as a formula. Guess if you're the fools at the Dept of Labor, you'll feel like a math genius writing and cooking up that nonsense.
@darinthesecularspiritualist
@darinthesecularspiritualist 4 ай бұрын
you are suppose to ask "how are you doing today?" not "how are you doing?"...... I personally, skip it because it is patronizing
@Metal_seer
@Metal_seer 4 ай бұрын
$75 million in gold stolen from Delaware vault. Somebody check Bribden's garage, next to the Vette.
@Kortik
@Kortik 4 ай бұрын
Why would I need 3rd party vault and trust that when I have private keys to my bitcoin 😂😂😂 Gold and silver obsolete in 2024
@thomasskelton1555
@thomasskelton1555 4 ай бұрын
Congress has every right under article 1 section 8 clause 17. Plenary power clause
@rogerburn5132
@rogerburn5132 4 ай бұрын
People's. Happynes. is "" transitory "" - Jerome Powell 😂😂
@PWIZZLE7
@PWIZZLE7 4 ай бұрын
Silver from $24 to $23 in the past 12 months 😅.. Mike is dedicated......misled, naive, insincere, but dedicated 🫡 tried telling ya years ago to give up on gold and silver which have way over supply and are artificially propped up, and buy Bitcoin instead....😂
@Gold_Silver.
@Gold_Silver. 4 ай бұрын
#Gold & #Silver to the 🌕 baby Sound Money > Fiat currency #EndTheFed
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