Hey all,
I was watching yesterday a video, and the person in the video has explained that a wise investor should get rid of every credit risk, including equities, stating that even if you own right now 1 million $ in Nvidia shares, in case of collapse you would not even buy a cup of coffe with that. So his solution is to hold physical gold and silver.
He seems very knowledgeable.
Now, I just know that an investor in equities, should never sell and just wait, and if possibile buy low in time of crisis. So I don't understand what that guy is trying to tell. Is he speaking about some crazy apocalyptic event? So why, such a genius as Buffett, always tell to hold stocks and not even consider investing in gold? Or perhaps, if the dollar collapse the stocks will never return to their height and it's better to have gold?
Here's the link. I hope it's now against the rules
https://youtu.be/VIIMHtpxxWU?si=q-7qi_1gPnhlA-fC
I was watching yesterday a video, and the person in the video has explained that a wise investor should get rid of every credit risk, including equities, stating that even if you own right now 1 million $ in Nvidia shares, in case of collapse you would not even buy a cup of coffe with that. So his solution is to hold physical gold and silver.
He seems very knowledgeable.
Now, I just know that an investor in equities, should never sell and just wait, and if possibile buy low in time of crisis. So I don't understand what that guy is trying to tell. Is he speaking about some crazy apocalyptic event? So why, such a genius as Buffett, always tell to hold stocks and not even consider investing in gold? Or perhaps, if the dollar collapse the stocks will never return to their height and it's better to have gold?
Here's the link. I hope it's now against the rules
https://youtu.be/VIIMHtpxxWU?si=q-7qi_1gPnhlA-fC
Statistics: Posted by Dsc8 — Thu Jul 25, 2024 4:34 am — Replies 10 — Views 356