ilmscore | Gold Rush At Costco: $2,000 Nuggets Selling Out FAST!

Gold Rush At Costco: $2,000 Nuggets Selling Out FAST!

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
In the year prior to the transcript, gold outperformed the S&P 500 (15% vs. 12%).
"over the last rolling one-ear period I found that gold was up 15% and I thought for sure there is no way that the stock market didn't at least do as good if not way better but it didn't the stock market's S&P 500 as measured by an ETF called voo was up only 12% by comparison so that's interesting over the last year gold did better than the stock market"
Gold Performance vs. Stocks
Pending
Over the 5 years preceding the transcript, gold saw a 51.2% price growth, outperforming the S&P 500's 46% growth.
"when I looked at the longer 5-year time frame gold spot price was $1200 per ounce the same time in 2018 but over the next 5 years it went on to go up to $820 per ounce that's a price growth of 51.2% now that's kind of an insanely good return so compared that to the stock market's 5-year growth and the S&P 500 in that same time frame went up from 2920 to 4258 and that's a growth of almost 46% which is also good but not as good as Gold's 51.5%"
Gold Performance vs. Stocks (5-Year)
Pending
The S&P 500 Total Return ETF (SPTR) grew by approximately 61% over the 5 years preceding the transcript, which is better than gold's 51.2% growth during the same period.
"at the beginning of October 2018 the index was at 5708 and today 5 years later it's roughly 9184 that's a growth of almost 61%"
S&P 500 Total Return (5-Year)
Pending
High interest rates make high-yield savings accounts and short-term bonds more attractive alternatives to gold for preserving purchasing power.
"I see more reason to hold cash and get paid for it because interest rates are really high and banks are offering competitive rates on high yield savings accounts and short-term bonds"
Cash Alternatives
Pending
The speaker invests in Bitcoin as a hedge against potential devaluation of government currency.
"that's for example why I buy Bitcoin because I'm worried about the future of our currency valuation I don't want the government to devalue my money and my tool to do that with is Bitcoin"
Bitcoin Investment Rationale
Pending