4.8 • 2.1K Ratings
🗓️ 11 December 2024
⏱️ 10 minutes
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0:00.0 | So when you talk about the bad economy, like literally during the bad times or coming out of the bad times when everyone's wounded. |
0:08.2 | A little bit of both. |
0:09.1 | Got it. |
0:09.4 | A little bit of both. |
0:10.6 | Because like that's where I think we are now. |
0:12.4 | Yeah. |
0:12.6 | We're like coming out of this time. |
0:14.5 | So for example, for both your, what you just said, the gold business that I had, it was the absolute worst economy. I mean, |
0:21.8 | everything was like horrible. It was 2007, eight, nine, 10, 11, 12, 13, right? It was the worst. |
0:27.6 | I was making more money during that time than anybody because I had so much money. I was able to, |
0:33.1 | you know, buy people's whatever for nothing. For nothing and they were happy selling it and I was able |
0:39.7 | to sell it right away and make all that money right away if it was a great economy I still could have |
0:43.5 | made money but nowhere near people wouldn't have sold as much so that's a way during a bad economy |
0:48.6 | where someone that has money could buy something from someone and sell it to someone else and make a lot |
0:53.0 | of money but the way you make a lot of money. But the way you make |
0:54.6 | a lot of money long term in a bad economy is, let's just say you're not good at buying and selling |
0:59.5 | stuff, but you have a lot of extra money. Well, what happens in a bad economy? Real estate drops. |
1:03.6 | Things drop. So you could now take your money and buy a whole lot of stuff for really cheap, |
1:08.6 | you know, 10, 20 cents on the dollar. And then you might not be able |
1:11.0 | to sell it right now because it's a bad economy. But five, eight years from now, you might |
1:14.4 | get 10 times what it's worth. And that's how you can make a lot of money. So you could make money |
1:17.7 | both ways, like right? Right. One is bad or buying it and just waiting a little time and then |
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