https://joyfulinvestor.com/get/ - Add PHYSICAL precious metals to your investment/retirement portfolio.
Warren Buffett is the best investor in the world. He's been investing for over 72 years. He hates gold and doesn't invest in gold.
Moreover, he doesn't recommend that you add gold to your investment portfolio. Should you follow his advice? I don't!
Recently I was browsing the Web and found interesting information. A few weeks ago at Berkshire Hathaway's annual meeting, Warren Buffett talked about a lot of interesting things regarding investing and retirement planning. And he also referred to the question of investing in precious metals.
So, Warren Buffett shared two different scenarios. If in nineteen forty-two you’ve invested ten thousand dollars in gold, you would have today approximately four hundred thousand dollars. Not so bad.
But, if instead of buying gold you’ve invested in stocks (in S and P five hundred), oh, we, the investors, like, we love to compare investing in gold and investing in stocks, so, in this case, you would have - attention, ladies and gentlemen! - fifty-one million dollars.
Only seventy-six years. This is how powerful time is. By the way, seventy-six years - this is how long Warren Buffett has been investing, he purchased his first stock at the age of eleven when he was just a boy.
Seventy-six years - and the stock market could have turned ten thousand dollars into fifty-one million dollars, or gold could have turned this amount of money into four hundred thousand.
What is better? Fifty-one million or four hundred thousand?
Warren Buffett is right. The stock market performs better, not only better but much better.
But why on the Earth, does someone - you, me, Warren Buffett - compare stocks and gold, and make conclusions which one is better and more profitable, as if one excludes the other, as if you sign “I am allowed to invest exclusively in the stock market” protocol, or “I will, I must invest only in gold” agreement?
Gold, in my opinion, and let me know in a comment section below this video if you agree or disagree with me, so, gold, in my opinion, is not in an investment portfolio to make money.
We, the average investors, intentionally invest less of our savings in stocks and intentionally limit the potential upside. It’s not because we don’t want to make more money, it’s not because we don’t want to turn ten thousand dollars into fifty million. It’s because it might be a tragedy to contribute to your 401k throughout your working life, to constantly save ten percent of your income, and to lose thirty, forty, fifty, sixty percent of your assets at the age of fifty-nine because of an unexpected financial crisis or one hundred percent of your assets because of...
They write on the Internet that, maybe Warren Buffet secretly invests in precious metals?
Absurd? Well, it’s not a very well known fact, but did you know that while gold doesn’t meet his usefulness requirements, as we see, let’s not forget that at the beginning of this century he purchased about one hundred and twenty-nine million ounces of silver at three point fifty to four dollars per ounce.
Later he sold that silver at around six dollars per ounce.
Gold, silver, physical gold, physical silver offer insurance and protection during market turbulence. And not only during financial shakeouts. You’ve heard it said, that an expectation of a holiday is better than the holiday itself. On the other hand, being concerned about your finances, your money, your wealth is the best way to develop insomnia.
I’m talking about something different.
The next financial crisis, because of the US national debt, because of the derivative bubble of hundreds of trillions of dollars, by the way, Warren Buffett said that… let me quote him briefly “Derivatives are financial weapons of mass destruction”, so the next financial crisis might be not yet another crisis, it might be something different.
Warren Buffett is a great man, he is a great investor. He’s been successfully investing for seventy-six years. How old are you? Chances are, you didn’t exist when he purchased his first stock. He did and he does a great job.
What is better for me is not necessarily better for him.
What works, or it’s better to say, worked for Warren Buffett in past might not work for me in the future.
I am an average person, so I believe it’s crucially important to own something real, something tangible, something touchable, especially if your goal is not to make another billion and impress your shareholders, but if you invest for your future, for your retirement etc.
Get your free gold investment guide here - https://joyfulinvestor.com/get/
Disclosure: I am not a financial advisor, and I don't have a clue about what you should do with your money.