4.7 • 1K Ratings
🗓️ 12 November 2024
⏱️ 16 minutes
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0:00.0 | Hello, fellow Robo Capitals, hope you're well. |
0:02.8 | So we've got a big trip planned this Friday. |
0:07.2 | And as usual, with these trips, I'm going to live stream almost the entire time. |
0:15.5 | We'll see how many live streams I do. |
0:19.3 | But what's really exciting is I am going to a Colombian gold mine. |
0:25.4 | That is right. You heard correct. I'm driving about three and a half hours south of Medellin. |
0:32.8 | We're going to go through some actual dangerous territory. That's for sure. We might have to take a guide with us, |
0:40.7 | but we're going to go down there because I have heard that there are a few gold mines down there |
0:45.9 | where I could actually buy pure gold under spot. So this is going to be really interesting. I know most of you are kind of gold bugs, |
0:59.3 | and I would put myself into that category as well. As far as from a standpoint, I think everyone |
1:04.7 | should own gold as an insurance policy, not investment advice. Do I know if the price is going up or down? No. And as you guys know from |
1:14.4 | watching a lot of my videos, I have no idea what drives the price of gold. In fact, nobody does. |
1:21.2 | I just know that it's a really good store of value over thousands of years. And there's no |
1:27.4 | counter-party risk. And in today's |
1:30.0 | completely insane world where we have overreaching governments full of central planners and |
1:38.4 | authoritarians, it is very wise to have a portion of your portfolio in an asset that has no counter-party risk, |
1:49.0 | regardless of what the price is going to do in the next six months or a year. |
1:54.2 | And how cool would it be if I could actually find a place to buy gold under spot. |
2:03.1 | I don't know if maybe they'll give me a deal. |
2:05.3 | If I buy a lot, like if I went down there and bought like, I don't know, |
2:09.0 | a million dollars, not that I'm going to do that this Friday, |
2:12.3 | but got to do a little due diligence, right? |
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