The Wealth Without Wall Street Podcast
Where to Go If the Dollar Crashes with Dana Samuelson
Nov 23, 2023
Financial expert and gold investor Dana Samuelson joins Russ and Joey to discuss the benefits of investing in gold and the best ways to store it. They also explore the history of gold as currency, its role as a hedge against inflation and financial crises, and the importance of owning and storing physical gold and silver.
27:36
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Quick takeaways
- Owning gold can serve as a hedge against financial uncertainty and inflation, protecting against the loss of purchasing power caused by the increase in the money supply.
- There are three primary ways to own gold and silver: physical metal, ETFs, and mining stocks, each with its own advantages and risks.
Deep dives
The importance of owning gold as a hedge against financial uncertainty
Gold has historically served as a hedge against financial uncertainty and inflation. It climbed sharply in price during the 1970s when there were high inflation rates, economic problems, and geopolitical issues. Owning gold can provide a counterbalance to other assets during times of financial crisis and can protect against the loss of purchasing power caused by the continuous increase in the money supply. It is recommended to have 6-8% of net assets in precious metals like gold and silver to have a significant edge against financial uncertainty while still diversifying in other investment segments.
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