Gold And Silver: Safe Haven Investments
A lot of people wonder how they can protect their wealth. Super rich and ultra wealthy individuals have been doing it for centuries – investing in HARD ASSETS like gold and silver bullion. This short YouTube video is an expert interview by Exponential Growth Strategist Dr Marc Dussault and Peter August, CEO of The Australian Bullion Company. It’s only 4 minutes long, but reveals what high net worth individuals are doing right now.
Video transcript: Gold and Silver Safe Haven Investments
Hi, I’m Dr Marc Dussault and I’m here with Peter August, Managing Director of Australian Bullion Company. And as you can see I have a blackberry mobile phone and I have some gold and silver bullion coins and some bars as small as this over here, 20 ounce, 10 ounce, I have a 1 kilo here and a 5 kilo which as you can see is quite heavy.
It has a good feel to it.
I know, I just love doing that and I’m sure you can hear that on the video. Peter, really in the next 60 to 90 seconds…
Sure.
Why would someone invest in gold or silver bullion compared to the stock market or property market?
Safety, safety, safety; okay, you’ve got the ultimate safety, the ultimate safe haven investments here.
Because it’s physical, because you can touch it, you can go to your safe and take a look at your coins and your bars and you know…
You know how much you’ve got in value.
Yeah.
Now as currencies depreciate, as there might be political risks happening around the world, you know that you’ve got something tangible, that’s highly liquidable at any time.
And that means that you can basically buy and sell it whenever you want.
Correct.
If you were to take a 1 ounce gold coin about a year ago, you would have sold that for about I think you were telling me $900.
Yes.
Now, in November 2009, it’s about $1,100, actually $1,200 Australian.
1,200 plus.
1,200 plus. So you can see that that’s a tremendous gain in a very short period of time. But this is an upward trend because this is physical. And I keep doing this on purpose because that’s why you want to invest in bullion; because it’s actual physical asset that you can touch. And that’s the amazing thing is…
It’s outside the clutches of government manipulation.
Absolutely. It’s hard, you touch it, whenever it’s on the table you can’t help yourself but literally pick it up, one because obviously it looks great and it’s gold, I mean come on, gold.
I love it.
You know; but from an investment point of view that tangible aspect of it is something that you really want to start considering for your portfolio. Just one last thing, you used to recommend people have about 10% of their portfolio in bullion…
That’s correct.
In precious metals; and you’ve revised that now to…
15 to 20%.
To 15 to 20%. And you recognize that with the global financial crisis and geopolitical forces…
You’re very good Marc.
Yes I know, I’ve been reading my thesaurus, and I’ve been watching the other YouTube videos that explains all of this, that this really is something that gives you peace of mind as an investor.
Correct.
You’re seeing a lot more demand from private investors aren’t you?
Absolutely. And I mean we’re not the only ones that are seeing the increase in demand; that increase in demand is occurring worldwide.
And those private investors, those are dentists, those are…
From [garbologists] to proctologists.
From [garbologists] to proctologists, they’re professionals, they’re families, right?
Absolutely.
There are a lot of …
All walks of life.
A lot of families buy this as wedding gifts.
We’re starting to see the general public take an interest. It’s still early days for the general, most people do not have gold on their radar.
Yeah.
But we’re starting to see it; we’re getting a lot more enquiries from people that say, look I don’t really know much about gold but you know my instinct says I need to have some.
Yeah, the instinct is it’s physical…
It’s safe.
It’s a hard asset, it’s safe.
It protects your wealth against the ravages of inflation and other mater that we’ve discussed.
We have a series of other YouTube videos that explains all of these in more detail, I hope that you’ll click on them and watch them, they’re just a couple minutes. And I want to thank Peter for taking time…
You’re welcome.
Out of his busy day today to explain these things to you because they’re very important. You want to get some of this for yourself.