If You Invest in Gold, You're Dumb as F#ck - Billionaire Mark Cuban

Gold hasn’t kept pace with inflation over the last five years which is why I think diversification is essential, some in etfs and mutual funds, some in gold and some in real estate

Real inflation is at about 15% to 20% think about it mortages rents have gone up by almost double within the last three years

This is kinda funny from someone who literally got ripped off investing in crypto scams and doesn't seem to understand Bitcoin and it's benefits either

lmfao.
I dont trust any rich man who tells me how to handle my finances.
The rich and the non rich dont live in the same reality.

Physical gold is a hedge against inflation and currancy devauation. Cubans thoughts on gold are idiotic. For example. Someone who saved 13,000 in a coffee can in 1971 was saving the buying power today of about 65,000. If he found that can today as an old man, that same amount of paper money can buy only a fraction of the stuff he could have bought with it in 1971. Now, on the other hand, if instead of stuffing that paper money in that coffee can he went out and purchased 13000 dollars worth of gold in 1971 and then stored that gold until today, today that gold would be worth a small fortune.

I don't have a lot but I don't have stores of cash. The moment I get any significant amount of paycheck, I buy what I need and I buy the rest with gold or silver. I don't even buy gold bars or coins. I buy used jewelry at spot price. In a few months, when I pawn the item, I make my profit. I let my husband buy the bars and coins.

Hope you was buying them Satoshi's all those months since this was posted. Money grab first then funnel into gold. I think gold will do well once the U.S. gets back on a gold standard.

If you want to double your money in Bitcoin, it needs to rise to $82,000, but it has a nasty habit of falling by 80%, so if you don't know what a store of value is, then by all means, listen to Mark Cuban; however, if you want to double your money in silver, it needs to rise to $50.00 per ounce (and no one can flip a switch and lock you out of it). In this economy, return on your money is not nearly as important as return of your money, but I'm a nobody, so do what your conscience tells you to.

I'm sorry, but if THERE IS NO ELECTRICITY... how are you going to spend Bitcoin???

Central Banks hold gold. Period.

If/when the grid goes down permanently, would you rather hold a roll of coins, or a bitcoin reciept?

Gold is money definition of money is store of value unit of account and medium of exchange gold satisfies all 3 paper money is not money because it has no store of value it’s just paper that can’t be used again

It seems Cuban thinks he is smarter than most because his gambling has been successful, but some of us are not, by nature, gamblers. But if we enter a societal collapse then the internet will probably fail, taking with it his Bitcoin, and should it function again who will swap a can of beans for an illusory entry on some ledger in the cloud? Things will emerge as means of exchange, and fuel or food will have value but they are only wanted for their consumeability, things which are enduring and portable will be the choice, and Gold and Silver will be the likely candidates. Billionaires will have no advantages in that scenario, the people they pay to protect them will be the winners.

Gold seems to hold value over inflation..... I'm not sure your thinking correctly if you think of it as an investment to make huge gains.

Tell that to the Venezuelan's

Gold is just better than Bitcoin because it has inherent industrial value as opposed to random numbers and a burnt out video card

For a lot of people gold and silver are insurance you can buy and keep 5k or 10k its safe for emergencies or SHTF senerio

It doesn’t sound like Cuban thinks gold is an investment. It sounds like he thinks it’s competition for Bitcoin that he wants out of the way.

Bitcoin is just another "fiat currency" and Gold/Silver are REAL money. I keep a percentage of my assets in Gold/Silver, and I'll be buying
a lot more before the end of this year. I think anybody who thinks this is "dumb" - is dumb (and short sighted).

Billionaires who tell you not to buy gold are buying all the gold. Always do the opposite of what they tell you.

I bet every 1000 I spend on gold I’m getting back a 100

I remember good being less than 400 an ounce. Buy gold

What the fuck is a bitcoin ?

Boy got loot ! Let me have a coin it’s my birthday 😁

So hes calling all the central banks 😂

He says investing in gold is dumb. The Federal Reserve just last week clasified gold as the only other Tier 1 asset on the planet...When the elites are telling you not to buy, trust me, they are to trying to keep prices as low as possible while they buy truck loads of it. If you want to protect your assets from devaluation and inflation, gold and silver are the best options....

Im new to finances. Can someone please tell me how you would put $ in gold? Like, is it a stock that you have to watch and trade? Or is it a bond?

Bitcoin is like investing in magical unicorn facts.

People who think their smart chime in and think their educating someone, but turns out they are just as clueless. Let me break it down for you so a toddler could understand. If you like collecting coins, or you just like holding and owning gold and silver, then go ahead, just know that it's never going to really make you enough profit to really matter. Think about it, when you purchase some gold, or silver jewelry, what do you purchase it with..... well money of course. If you turn in your gold, or silver, or even precious stones, what do you exchange it for.....once again money. The literal only reason things like gold, or silver, or even diamonds have any value whatsoever, is because they are rare and worth a lot of money. Now with all that in mind, think about what all the precious metal hoarders are always warning you about. One day the economy is going to collapse, or we're going to have a 2nd great depression, or we're going to get stuck in a horrible, long war like WW3, or whatever, and the value of the dollar is going to plummet, if not become completely useless. Well if that happens, then everything worth a lot of money will become basically worthless alongside it. If the dollar has no value, then what exactly are they going to buy all your gold and silver with exactly? If things ever get that bad, then people are going to have zero need, or use in precious metals, or jewls. People are going to be focused on nesecities and things that keep you alive, precious metals and jewls will become pointless. The things people will be focused on will be things like, food, clean drinking water, medications, your properties, your vehicles and stuff like that. The things that will be worth their weight in gold, so to speak, will be seeds for growing vegetables, animals for raising meat, water, gasoline, weapons and ammunition, batteries, generators, toilet paper, important medicines and stuff like that. If the value of the dollar, and every nations version of the dollar, becomes worthless, then precious metals and gems and non nesecities items will also become worthless right alongside it

Nah I got gold as a store of value for sure

Didn’t he campaign for hillary because his feelings were hurt! Bought my first ten ounces at $300!

SILVER is the real way to go!!!!

"if you had a physical gold bar, someone would just take it from you any way". Really? "Someone" would have to get past my 5 security guards, Smith, Wesson, Mossberg, Armalite and Ruger.

If everything goes 🤪
No one will want your bitcoin or gold or silver

They will want food water alcohol cigarettes ammo ect

Not bitcoin lol
Gold lol

Think 🤔 people think

JPM put it better than I could (the living breathing JPM not the criminal conspiracy that bears his name today) gold is money everything else is just credit

The value of bitcoin or your bank account will be zero after a Carrington Event. Gold and Silver will be unaffected.

Gold is okay, but currently, I personally lean into the stock market because of liquidity and all. I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here. Is it a good time to buy into stocks or do I wait for another opportunity?

How do you retrieve your gold investment when the grid goes down? Nobody will answer this question.

You know it's a good time to buy gold when a billionaire is telling you to not buy gold, lol.

if you have a colt 45 or an AR-15, would be hard for someone to take it from you. Thus buy 10k in gold and a good reliable gun

Bitcoin is a SCAM!

I feel like it's weird that Chuck woolery from love connection is on TV trying to push gold. I can't help but think someone is trying to fuck with the market. It's odd and I don't quite understand the market, but I feel like something is off.

Gold and silver I'd wager is more or less ONE way to have a safety net for some societal bullshit, it's also an indicator of things as well if ya wanna go around spoof sellin just to get a feel of the market and dollar vibes down the road.

there are 1000 ways to make income just sitting at your computer. Im making money thru ad revenue as Im typing this lol. I dont need to be invested in some cryptoshit that could self destruct in an hour. lol.
Have revenue streams that make money while you sleep and then put that money into hard assets like precious metals.
Hell, Id put my money into copper and aluminum before Id bother with shitcoin, lol

Bullets are a store of value too! :)

in gold we trust

Gold has been used as currency for a long time no matter what the talking heads say it will outlast their thoughts and words for a long time to come.

It is an investment yes but it’s mainly a very good insurance, if you’re in an absolute emergency and need a quick bail out to get the bills paid etc. having gold/silver/platinum is great

OH! You own Bitcoins, Mark? Let me see them. I want to run barefoot through them!

Great video. I wouldn’t trust Cuban with anything but selling wet toilet paper and Bitcoin

I noticed The First has joined Live from Studio 6B, Glenn Beck, Buck Sexton, and other so-called Conservatives, using fear tactics to mislead their viewers to liquidate their IRA and 401K retirement accounts, at a loss, and purchase overpriced gold from high-commission scam artists, who are greasing their palms. And the companies that are running this scam are multiplying like cockroaches. My advice is to run as fas as you can away from these scammers.