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Why You Shouldn't Buy Physical Gold And Silver In 2021 - YouTube
Channel: Nolan Matthias
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and what i found out was that the golden
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metal shop that i bought this bar from
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they knew what this was they knew it was
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worth less but because i was in there
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asking questions trying to learn trying
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to get educated by people who i thought
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were experts that were on my side
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well they basically took advantage of me
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hey welcome back it's nola mathias and
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today i'm going to tell you about
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the stupidest and probably the coolest
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investment
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i ever made but before we get into it do
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me that favor hit that subscribe button
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hit that notification bell and please
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hit that like button so more people like
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you can see this video
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okay so let's get into it what is the
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stupidest investment that i've ever made
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and quite frankly also the coolest
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investment i have ever made
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well it's this it's buying physical gold
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and silver this is honestly one of the
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coolest things being able to sit here
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and hold basically in this pile alone
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five thousand dollars worth of silver
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and having a little bit of gold kicking
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around as well
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this is really cool and this is an
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investment that started for me back in
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2014
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as silver prices were starting to come
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down as the fear from the financial
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crisis was coming out of the market
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and as there was starting to become more
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and more deals on buying physical
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silver and gold and this was nothing
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that i ever expected that i would invest
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in myself
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but it came about as a result of an
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investment newsletter that i was
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subscribed to that was all based around
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value investing and value investing is
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the type of investing that warren
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buffett does
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so finding companies that are worth a
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lot that are undervalued and investing
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in those
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and that investment strategy is where
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the
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similarities to warren buffett ended
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because they also got into
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the piece about having precious metals
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as a hedge
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against inflation and currency
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devaluation
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and also holding it physically rather
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than
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in certificates or in etfs
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so that if anything ever happened in a
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country that you lived in and you wanted
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to bug out to
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a different country much like the jewish
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people had to do
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in nazi germany during the world war ii
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well
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physical gold and silver was the best
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means of doing that now
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um physical gold may have been a good
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means of being able to transport money
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over borders which by the way i'm not
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recommending
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uh but physical silver certainly isn't
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you know this is about five thousand
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dollars worth of physical silver
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and it is heavy as hell i think there's
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about 160 ounces here so about 10 pounds
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i wouldn't want to be carrying this on
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an airplane to go to europe or
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some other country right now but it was
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interesting because that value investing
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newsletter got me hooked on what's
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called stacking in the gold and silver
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world
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and stacking is exactly what it sounds
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like it's taking physical gold and
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silver
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and collecting as much as you can of it
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of it over
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a certain amount of years and basically
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creating a hedge
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against inflation and currency
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devaluation as a result of having
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physical metal
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and this is something that is just
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absolutely
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unnecessary as far as i'm concerned it's
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something that i did for a while it was
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fun
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but there are far better ways for me to
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invest in silver and gold and that is by
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using my
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bmw investor line or my questrate
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account in order to purchase mining
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companies
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or if i really really want to
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certificates
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in physical gold and silver but you know
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it was interesting because
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this investment was definitely an
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investment i learned a lot about
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because when you learn how the system
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works obviously
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people who are buying gold are paying
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less for it than the people who are
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selling gold because
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typically you have to sell dealers and
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they're obviously getting a better deal
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from you than you're getting from them
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the other thing i realized was that
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there's a lot to know
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about buying physical gold and silver
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and it's really easy to get screwed and
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i'll use this bar
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as an example because this is the very
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first bar of silver that i ever bought
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it's a 10 ounce ntr metals bar
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i bought it from the exact same company
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that i bought this bar from
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which is a sunshine 10 ounce silver bar
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i paid about two dollars difference
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between this bar and this bar this one i
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think i paid about 245 dollars for
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and this one about 247 dollars for and
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again bought them from the exact same
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gold and silver shop
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um and i paid pretty much the same price
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now what was interesting was a few years
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later
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when i went to sell this bar the ntr bar
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back to that same gold and silver shop
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they basically told me that it was worth
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fifteen percent less than this one so
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in today's terms this bar is worth about
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three hundred and thirty dollars this
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one is worth two hundred and eighty
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dollars so there's about a fifteen
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percent or a fifty dollar difference
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between these two
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bars even though they're supposed to be
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exactly the same thing and
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what i found out was that the gold and
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metal shop that i bought this bar from
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they knew what this was they knew it was
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worth less but because i was in there
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asking questions trying to learn trying
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to get educated by people who i thought
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were experts that were on my side
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well they basically took advantage of me
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and they had these two bars sitting
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beside each other and instead of picking
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up this one they picked up this one
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handed it to me and charged me
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significantly more than what it was
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worth
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and what i realized was that when you're
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dealing in
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gold and silver the margins are so
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freaking thin
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that the companies that do business in
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this in this
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realm are basically uh incentivized to
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screw you if they can and i've heard
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lots of stories now of people buying
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fake gold and silver thinking that what
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they were getting was real
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and ultimately getting stuff that
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absolutely was not
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so this is definitely a situation where
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it's buyer beware now as an alternative
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i could have bought the exact same
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amount of silver that i own right here
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i could have bought it in my bmw
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investor line account in a certificate
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or i could have bought an etf
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and i could have been 100 certain that
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the silver i was buying was real because
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an expert on the other side was taken
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care of making sure that it was real
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and that i wasn't going to lose 15
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percent of my investment
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just because i was an idiot the other
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thing that i realized about this
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product was i have to physically store
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this in a bank safety deposit
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box or i have to take the risk of
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storing it at home
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having extra insurance and risking
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having a fire or getting stolen
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and that all sucks and that all adds to
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the cost of owning this investment
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and at the end of the day there was a
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whole bunch of reasons why they
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suggested physical silver or gold
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first was that it was cool the second
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was that if you ever needed to
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leave a country uh and go to a different
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country with it you could basically hide
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it and smuggle it into another country
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again
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don't endorse that but that was a big
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reason and in 2020
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that reason is nowhere close to as valid
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as it was
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in 2014 because in today's day and age
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if i wanted to go to a different country
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and take over 10 000
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with me which is the amount that you
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legally have to declare
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uh by the way i don't suggest doing that
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but let's say it was
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1945 nazi germany and i need to get out
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of the country with a bunch of money
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well
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i'm not doing it with a bunch of gold
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coins anymore i'm probably taking a usb
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drive
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that has bitcoin or some other
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cryptocurrency on it so
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you know all the reasons for holding
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this stuff um
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basically don't make any sense and the
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only reason that somebody really becomes
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a stacker in today's day and age in my
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opinion
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is if they're conspiracy theorists if
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they think that this is better than
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cash or better than holding an
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investment in a
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online investment portfolio
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and therefore you know they think that
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the world one day will come to an end
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and this is what's going to be able to
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save them and you know what
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i don't think that this is what's going
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to save somebody from basically
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not having any money any money or having
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any sort of
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ability to buy things if the economy
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goes to
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you know hell in a hand basket so you
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know this was a
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fun investment for basically seven years
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it was an interesting investment for
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seven years
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it's one that i definitely wouldn't make
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again all of this stuff all this gold
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and silver is going to be gone
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by the time that you watch this video uh
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except for this bar
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this ntr bar i might keep this just as a
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reminder myself of
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why you shouldn't invest in things that
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you don't understand
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and um you know for the most part
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my time with this was nice it's cool it
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was nice to show
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to people it was nice to cut out so
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single bars and give them to
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families when when they had their first
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uh child and just say hey here you go
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this is a little present for me
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but this stuff it's all gotta go now
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in comparison to this you'll also see
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that there's another pile of stuff over
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here
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this is all things that my grandparents
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and my parents collected
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this all has sentimental value this
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isn't going anywhere it's going straight
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back in the safety deposit box
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because this sort of thing is really
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cool and
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where i would spend a little bit of
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money going forward in coins
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and precious metals is in things that
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got discontinued so things like old
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canadian money 20
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bills 10 bills um things like
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pennies things like nickels when they
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eventually stop making those
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i think they're all cool investments and
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and it's cool to have things that have
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sentimental value things like this
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this uh is four three pence coins
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from that were given to my mom when
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no sorry they were given to my
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grandmother when my mom was born one of
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these goes back to 1916.
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there's a whole bunch of silver dollars
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that my grandfather collected
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uh there's a whole bunch of montreal
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silver coins you know real
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nickel nickels and series of coins like
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these are all wrapped up i've never
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opened them i don't even know what they
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are
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but they appear to be some sort of a
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canadian co
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series of coins like penny nickel
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quarter
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all that stuff so um things like this
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that have sentimental value coins stuff
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like that i don't think anything like
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this should ever be sold
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there's probably just as much value if
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not more value here as there is in this
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pile
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but this sort of thing gold bars silver
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silver bars
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this is an unnecessary investment it's
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like i said one of the stupidest
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investments i've ever made
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and one that i am glad to be divesting
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myself of and
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ultimately i get a little bit of return
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from so if you found this video
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interesting if you found my story about
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my stupidest investment i ever made
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interesting do me that favor hit that
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subscribe button hit that notification
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bell
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please hit that like button so more
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people like you can see this video
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and we'll see you on the very next one
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cheers
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you
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