6 Myths About #PreciousMetals (And the Facts) 6 Myths About Precious Metals (And the Facts) Note From Kalen: I have limited knowledge in the precious metal arena.
So I’m happy to bring on Stefan Gleason, President of Money Metals Exchange, to take some common myths, and replace them with the facts. Check it out! Gold attracts its fair share of detractors, but the most common objections to gold as money, and as a safe-haven asset within an investment portfolio, are misplaced. Anti-gold myths are ubiquitous. Mega billionaire Warren Buffett remarked derisively of gold that it “gets dug out of the ground in Africa, or someplace. That brings us to the first thing precious metals naysayers get wrong… Myth #1: “Gold has no utility.”
Warren Buffett is without question one of the world’s greatest investors. Buffett’s primary business interests are in banking and insurance. He has literally made fortunes off the fiat monetary regime. In any event, the claim that gold has no utility is false. Myth #2. Every generation comes up with some new reason to regard gold as a “barbarous relic.” Going Back to Basics: #Silver. Personal Finance Tips and News. Posted by : Premraj | Posted on : Monday, May 14, 2018 In the modern era, we have so many forms of digital currency.
We rely more on technology than anything else and the trend with finance is that the more ways that we find that are convenient for us, the risk of security increases. While we no longer have to carry wads of cash around, we are now at risk of getting hacked and potentially losing most or all of our money, as is the case with banks. Cryptocurrency has recently been on the rise in terms of popularity and while the potential gains could net you a hundredfold, the losses that you could potentially incur have the same trend. Cryptocurrency is just so volatile. Stock market investing and the Foreign Exchange are both of the same volatile nature but to a much more reasonable degree. Case in point, if there’s one thing that’s true is that technology is not the ultimate solution to our problems.
So, why should you buy silver? It’s a Hard Asset It’s No Longer Being Inventoried. #Gold Prices Are Being Hacked. Gold Prices Are Being Hacked. By Clint Siegner Major U.S. and international banks cheat their customers and rig markets.
Revelations have been piling up since the 2008 financial crisis. Hundreds of billions have been paid in fines, penalties, and settlements. The fraud, price manipulation, lying, and theft – once considered conspiracy theories – are now incontrovertible conspiracy facts. This reality is dawning now in the precious metals industry. But their argument was universally disregarded by regulators and largely ignored by major players inside the industry. The recent settlement deal in which Deutsche Bank handed over 350,000 pages of internal documents and more than 70 voice recordings is changing that.
It is one thing to look at trading data and surmise that someone is trying to manipulate prices. June 8, 2011 UBS [Trader A]: and if u have stops… UBS [Trader A]: oh boy Deutsche Bank [Trader B]: HAHA Deutsche Bank [Trader B]: who ya gonna call! Deutsche Bank [Trader B]: STOP BUSTERS Deutsche Bank [Trader B]: haha16.