reality radio for a really great future we're talking real money this is talking real money

hi everyone i'm tom mcdonald has the day off special guests coming up in just a couple moments

but before we get started i do need to mention something something that I see way too often now and troubles

me, frankly, as both an investment advisor, podcast host, and somebody who cares about your money

because it's absolute insanity right now. I don't totally understand it, but I want to talk about it

for a minute. Let me read

to the story. This is from the Wall Street Journal talking about alignment for a power company

in Southwest Florida. Says he's holding a lot more gold than most financial advisors would

recommend. But it's not just gold as in paper investments. It's actual physical gold. And the reason why,

he says it allows him to go to bed at night in peace. That requires him owning tangible assets,

not just a claim on them through an exchange traded fund. At least in my adult life, he says, nothing's gotten better.

And I just feel I want as much of my own livelihood, my own safety, my own family into my own

hands. And this story is not untypical. We've been reading a lot about people buying gold bars at

Costco, where the sales there have gone up by about a third

in the last few years. We've been reading about people stockpiling physical gold, those in terms

of coins, jewelry nuggets. That's helped prices, I guess, go up. There's a lot of factors that go

into why prices increase in anything,

but they're saying here in the Wall Street Journal, that's how prices go up by more than 40% since

October 2022. And yet gold, if you look at gold, we need to be careful when we sort of analyze it

as a quote unquote investment.

It's really a speculation purely because it does not generate income.

It's not getting any bigger.

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