Why I Don’t Invest In Gold and Silver
In my network of friends / family / colleagues, I’m most often known as ‘The Investment Guy’.
Because of this, I’m often asked about the latest trend in investing, whether it be years ago, gold and silver, the Greek Crash a couple years ago, or more recently, weed stocks and cryptocurrency.
Four weeks ago, I detailed The Worst Company I’ve Ever Evaluated – And It’s Not Even Close, the many reasons why that Ethereum based public company I evaluated was by far the worst company I ever evaluated.
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Three weeks ago, I shared my full thoughts on Cryptocurrency in general.
Two weeks ago, I gave my thoughts on why I deem Forex as dangerous.
Today I continue that theme and tell you why I don’t invest in gold and silver… What I deem as another speculative investment… Although at least this one does have some value to me.
Before we get to that though, I want to share my brief thoughts in pictures on one of the major reasons I don’t own any gold and silver.
I want these…
This sums up one of the main reasons I don’t own gold and silver…
Here are the rest.
Let’s get to it…
In the 5 – minute video above, I detail the following reasons for why I don’t own gold and silver.
- Why I’d rather have guns, ammo, medicine, and food than gold and silver in the event of an economic collapse
- Why having gold and silver as anything more than 5% to 10% of your investable portfolio in gold and silver doesn’t make sense to me
- Why I’d rather own businesses, real estate, and other cash flow producing assets
- And more…
Am I an idiot for not owning gold and silver? Let me know below.
Oh and if you’re wondering, here are Warren Buffett’s thoughts on gold…
“You could take all the gold that’s ever been mined, and it would fill a cube 68 feet in each direction. For what that’s worth at current gold prices, you could buy all—not some—of the farmland in the U.S. Plus, you could buy 16 Exxon Mobils, plus have $1 trillion of walking – around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?”
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