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RE: Dig Deeper with Goldmoney co-founder and Chief Strategy Officer on BNN today

in #video7 years ago

Not many people were able to watch this video because it doesn't display on mobile.

Here is an highlight of what Josh said:

  • Investment in GOLD should not in anyway be compared with investment in Google. Rather it is a store that offers stability, something like a safe haven and not get-rich-quick scheme.

  • He talked about what GOLD prices says about home prices in Canada. I looked at the price chart, trust me, the stability is incredible as opposed to that of CAD (Canadian Dollars).

  • He made mention of Trade wars and how it affects global financial system. He said "trade wars are more of political war than economic war."

I agree with him, in fact 100%

  • Purchasing power in-line with GOLD. If you want to avoid shrinkflation, you should keep part of your holding in 24k gold.

Josh Crumb is actually not a fear monger, but fear is among top 3 most powerful emotion that all financial experts have master it uses. Fear of poverty will actually make you a wiser investor

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Excellent summary!