Comments
Transcript
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VKYou guys get the experts that is what is unique to RV
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DPAlways a pleasure to hear from Simon Mikhailovich. One of the most eloquent and wise voices in finance.
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YWListening to this, gold seems so archaic.. there has to be a better insurance
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LQA truly wise and informative view of physical gold. The way Simon simplifies the current situation is brilliant.
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AWNot only fantastic information but a genuinely lovely person! Really enjoyed his wrap up and the sage advice that we have a golden opportunity to put plans while there is a lull due to the massive injections by the Fed. Same is happening in Australia and although Simon mentions OTC shops in Melbourne we do have secure bullion dealers such as Ainslie that sell,buy and store gold and silver as well as Gold & silver crypto tokens
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AClocal gold shops in Bangkok? Closed ! Not an essential service! I couldn't even buy masking tape for some hobbies to keep the family entertained during the "lock-down" !
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MSseriously f**k RVTVs lack of buffering!!!! Fix It!!!!!!
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CTThis is why Bitcoin is the new gold. Almost all the advantages, with a lot less limitations.
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AHBitcoin. Near instant settlement. No flying to other countries when sh!t hits the fan.
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REBTC enthusiasts against Gold bugs in 3..2..1. You see it already in this thread. I own both, but BTC fans should think about the possibility that the powers-to-be might be able to undermine the trust of BTC before it goes main stream. How? Just compromise the most known crypto exchanges or take them offline. You don't have to steal every BTC on those exchanges to destroy trust, just demonstrate that crypto exchanges can be hacked from time to time (e.g. by targeting exchange admins, providers etc.). You can buy zero day exploits for every major application or OS on the black market - Government organizations use them already for quite some time. BTC is not main stream yet and Governments are working hard on their own crypto solutions. I see the potential of BTC, but also the risk of a massive Gov intervention before BTC has the chance to establish itself as the go-to solution. Time will tell, but don't count on the security mechanisms implemented by crypto exchanges...
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MTSimon M. is great. I appreciate his perspective and wisdom derived from it.
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Svvery useful
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ANstonks
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DMI hit "play" and then "like" before I heard even one word. Of course, I've been drinking a bit, but this guys' stuff is always good so it's a safe roll of the dice.......
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AWU.S. Mint selling one ounce gold coins today for $2,175 on its website. Incredible.
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CBThis was an excellent video so thanks to RV and especially to Simon. I find his talks to be educational and his logic is always clear. On this sounding like a promotional video I respectively disagree. Having listened to many videos by Simon to me it is clear he established a business around his working philosophy. So, it is hard to talk about the philosophy without promoting his business as they are one in the same.
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MVNow that Grant is gone... please get us more Simon.
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IPI do respect Simon Mikhailovich , but I would prefer you interview him on something he doesn't sell or earn commission from. I understand that he is authoratative, but it is not an impartial interview....
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JEGreat video.
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DSIt is reasonable that holding physical gold in a “completely secure” location is better than owning paper gold in a "secure" location. Gold has always been scarce and in demand in good times and even more so in trouble times – an exception is Voltaire’s Candide. If I were wealthy, I would happily go through the setup to buy physical gold. Alas, as the world’s smallest family office, I do not want to go through the setup problems and long-term commitment. Currently I am waiting for the gold price to go down further as I expect leverage problems in the next leg of the Bear Market – different discussion. I normally trade a combination of AAAU, SGOL, NG and GLD. Being old my fear gauge is off the wall and my greed gauge is attenuated. I do like to have a 5-10% paper gold allocation in my Roth IRA – tax considerations. If I lost faith in jumping in and out of paper gold, I would probably look to Bitcoin. I do not give investment advice. I will tell you what I am doing. Good Night. Be safe. DLS
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EPDoes anyone have first-hand experience with BullionVault.com?
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CDAbsolutely excellent, I love the - historic contextualisation, - flipping upside down the inert slab of metal argument with North Star comparison, - the normality of widening spread between physical & synthetic markets - money & relationship in the USSR economics of scarcity - common sense in how to set up operations, - etc. Simon is giving away so much that lay people do not normally think about. Well worth the 50mins of your time.
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SSThank you Simon. From your comments I would expect securities like Sprott Physical Gold Trust to be trading at higher premiums to spot that they are. What am I missing? Is there that much border risk between the US and Canada? Tamara Sheldon
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ESIt is always a pleasure to listen to Simon, Golden advice as always
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wbPerth Mint is still open & you can still switch from Unallocated to Allocated. Steady mine supply from mines in WA
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RM*** Milton/RV ***, when was this video filmed (important information). Great video by Simon as usual, thanks!
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PUDear RV, Please provide a wardrobe budget for your team! Thank you.
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ASPlease bring back the "Filmed on.." information!
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DCFeature request: skip intro.
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SWThere r many Wuhan local reports that this virus emerged as early as Sep in Wuhan. The CCP covered it up until Jan when cases were reported overseas. Perhaps someone in the known tried to play the market causing spike in repo.
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AWYou could still get gold coin or bar in China as retailer. Apparently it is now too expensive for Chinese ;-)
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JHI have watched all of the interviews with Simon over the years. As far as substance is concerned, this might just be the best one yet. Wow. So many gems here. You will do well if you heed his advice on finances and life preparedness in general. I count myself fortunate that I had the basic common sense and intelligence to listen carefully to him years ago.
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TCGood points ref the physical Gold delivery issue and arb to deriv price. He's got too vested interest to be objective ref Gold as an investment.
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jjGot it, shorting gold miners for now.
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MLI haven't even watched the video yet and I'm excited! Ithoroughly enjoyed Simon's opinion during gold vs bitcoin week. Please also bring back Greg Weldon.
Chapters
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What is your view of how the current chaos in financial markets is impacting gold?
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What has this crisis meant for gold?
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How has coronavirus impacted gold refineries?
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How are bullion dealers handling supply and demand pressure?
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Who is buying physical gold right now?
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Is coronavirus or supply and demand more important for refineries and dealers?
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Why is there such a spread between paper and physical gold?
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How does preparation and insurance apply to gold?
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What are the most important factors to consider when buying gold as insurance?