If You Don't Understand Gold, You Don't Understand Money!

Get the Editable Calculators, Decision Cheat Sheets & more [   / @thewealth_logic  ] Gold is at a record high, central banks are buying it faster than they have in years, and almost nobody can tell you what it is actually for. Here is the number that settles it. Buy gold at the January 1980 peak and hold to today and you earned 3.71 percent a year. Buy in 1971 and hold to the same day and you earned 9.18 percent. Same metal. Same vault. Same closing price this week. The only difference is which year the buyer walked through the door. This video takes gold apart with verified figures. What actually happened to the person who bought the 1980 top, including the forty five year wait to break even in real terms. The nine year drawdown after 2011 that almost everyone watching lived through, while every argument for owning gold stayed true the entire time. Why gold has no earnings, and what that mechanically means for how it can ever be priced. Then the part that reframes it. Central banks bought a record 288.9 tonnes in a single quarter, up 62 percent on the year, and not one of them is buying to get rich. Once you see what they are actually buying, the retail argument about whether gold is a good investment stops making sense. Two characters in this video are wrong in almost perfectly mirrored ways. One bought insurance and filed it as an investment. The other rejected insurance because it was a bad investment. The answer sits between them. Get the Editable Calculators, Decision Cheat Sheets & more → join The Wealth Logicians: [   / @thewealth_logic  ] click here to subscribe : https://bit.ly/4rlmhIL Disclaimer: This content is for entertainment and educational/informational purposes only and is not financial, medical, or psychological advice.