Why Indian People Love Buying Gold
Published: 2023-12-09
Status:
Available
|
Analyzed
Published: 2023-12-09
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The US dollar has lost over 90% of its purchasing power in the last century.
"over the last 100 or so years the dollar has lost more than 90% of its purchasing power"
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The Indian Rupee is losing value at more than double the rate of the US dollar due to historically higher inflation in India (averaging over 7% in the last 50 years).
"India's inflation rate has averaged over 7%... more than double the inflation that the United States has seen over the last 50 years which means the currency of India the rupee is losing value much faster than the dollar has lost value"
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A $1 million real estate investment could double in value to $2 million in a decade and generate $50,000-$70,000 annually in pocket money, if purchased correctly.
"Maybe that million dollar apartment complex will be worth $2 million in a decade and if you buy it correctly it'll also put some money in your pocket every single month and every single year maybe you'll put in $50 to $70,000 a year into your pocket"
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A $1 million investment in good stocks could grow to $1.5 million in a few years.
"maybe that million dollars will be worth $1.5 million in a few years because you put this money into good stocks and you saw the stock market grow"
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Investing $1 million into one's own business could potentially turn it into $10 million.
"maybe you can see the million dollars turn into $10 million because you're investing into yourself"
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Continued inflation, driven by government spending and money printing, is expected to devalue the dollar and consequently increase the price of gold.
"if we continue down that system... we know that we will continue to see inflation... as you continue to create more inflation that devalues the dollar as you devalue the dollar that also creates more price or a higher price for gold"
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Inflation is expected to continue.
"we know that we're going to continue seeing inflation"
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Continued inflation will lead to further devaluation of the US dollar.
"if we continue seeing inflation we know that that is going to continue causing the devaluation of the dollar"
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The US dollar has lost over 90% of its purchasing power in the last 100 years.
"between 1913 and now it was almost a straight line downwards in terms of purchasing power of the dollar over the last 100 or so years the dollar has lost more than 90% of its purchasing power"
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Continued dollar devaluation is theorized to maintain price stability for physical gold.
"if we continue seeing more devaluation of the dollar well in theory that should continue to hold price stability for physical gold"
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The US government and Federal Reserve printing money has devalued the dollar.
"the United States government with the Federal Reserve Bank have worked to print a lot of money which has devalued the dollar"
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Gold can serve as a hedge against inflation.
"you can start to see that how gold can be a hedge against this type of inflation"
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India's inflation rate has averaged over 7% in the last 50 years.
"India's inflation rate has averaged over 7%"
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The Indian Rupee is losing value faster than the US Dollar.
"the currency of India the rupee is losing value much faster than the dollar has lost value"
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A million-dollar apartment complex could be worth $2 million in 10 years.
"maybe that million dollar apartment complex will be worth $2 million in a decade"
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A good rental property can generate $50,000 to $70,000 in annual income.
"maybe you'll put in $50 to $70,000 a year into your pocket because you bought a good rental property"
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A million dollars invested in good stocks could grow to $1.5 million in a few years due to stock market growth.
"maybe that million dollars will be worth $1.5 million in a few years because you put this money into good stocks and you saw the stock market grow"
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Investing a million dollars into one's own business could potentially turn it into $10 million.
"maybe you can see the million dollars turn into $10 million because you're investing into yourself"
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Gold is considered a form of 'doomsday insurance' by the speaker.
"gold for me is a type of hedge... it's like a doomsday insurance"
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Historically, gold has served as a universal currency for thousands of years.
"what we have seen happen throughout history is that gold has been the universal currency for thousands of years"
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In 10 years, $10,000 worth of gold is predicted to have more buying power than $10,000 in cash.
"in 10 years that $10,000 worth of gold would have more buying power than the $10,000 with the cash"
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Government spending beyond its means, financed by Federal Reserve money printing, will continue to cause inflation.
"as long as the government keeps spending money they don't have and the Federal Reserve Bank keeps financing the spending through money printing that's going to continue to create inflation"
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As inflation devalues the dollar, the price of gold is expected to rise.
"as you continue to create more inflation that devalues the dollar as you devalue the dollar that also creates more price or a higher price for gold"
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The Federal Reserve Bank's target is 2% inflation, not 0%.
"the Federal Reserve Bank says that their target is 2% inflation not 0% inflation"
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Continued inflation will lead to the ongoing devaluation of the US dollar.
"if we continue seeing inflation we know that that is going to continue causing the devaluation of the dollar"
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Further devaluation of the dollar should, in theory, lead to price stability for physical gold.
"if we continue seeing more devaluation of the dollar well in theory that should continue to hold price stability for physical gold"
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Bitcoin has not yet proven itself over centuries like gold has.
"Bitcoin hasn't proven itself for centuries yet to see kind of how it's going to play out over time"
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Bitcoin is considered risky and could potentially go to zero.
"it's risky it could go down to zero and I'm okay accepting that risk"
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