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The Money Podcast
Gold Expert Reveals The Best Ways To Invest in Gold, Sliver & Precious Metals
Nov 9, 2023
Gold expert Josh Saul reveals why central banks are stockpiling gold as a hedge against weakening fiat currencies. He discusses the advantages of investing in gold, tax advantages of gold coins, and the importance of storing physical gold in a vault. Josh also explores the potential house price crash and the impact of interest rates, as well as the benefits of diversifying investments and following sophisticated investors. Discover why gold is the ultimate hedge against economic uncertainty.
01:04:07
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Quick takeaways
- Gold serves as a valuable asset for wealth preservation and acts as an inflation hedge against declining fiat currencies.
- Purchasing UK legal tender gold coins offers tax advantages and liquidity, while large gold bars have a lower premium but may be harder to sell.
Deep dives
The importance of gold and the weakness of fiat currency
Gold has proven to be a valuable asset as fiat currency loses value. Fiat currency has declined in value over the years, while gold has increased significantly. The shift from the gold standard to fiat currency has contributed to this trend. Inflation plays a major role in eroding people's wealth, making it necessary for individuals to make proactive investment decisions. While some investors opt for calculated risks, others want to avoid the guaranteed loss of purchasing power caused by inflation. The belief in the declining value of fiat currency pushes people to consider alternatives like gold for wealth preservation.
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Discover
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