Gold & Silver Still Worth Holding?

On February 23, I asked David Morgan what he would invest in, if he was 26 years old and was looking to make money off this crisis, because often times precious metals gurus would tell me that I need to "preserve my wealth". However, I don't have much wealth to begin with, so instead of preserving it, I was wondering how I could improve my chances at building it instead.

Full interview (free): https://resourcetalks.com/gold/david-morgan-on-russia-gold-the-fed-and-how-to-invest-during-a-great-reset/

David told me that when the gold rush really starts, any stock with 'gold' in its name will fly really high. However, because David expects the future to be an inflationary depression, I asked him whether he isn't concerned about gold producers being hurt by inflation, too. He told me that's not necessarily going to be the case, and added that "the stock market moves on psychology, and not on logic".

The only time you want to have gold in your portfolio, David tells me, is a very specific and often negative situation, like the current war between Ukraine & Russia.

When I asked him how to diversify my precious metals portfolio, David told me that it's okay to speculate a little, as long as the bulk of my portfolio is in precious metals.

A few days ago, I spoke to Alasdair Macleod, who told me the story of Hugo Stinnes, who quickly became one of Germany's richest men, during the hyperinflation of the 1920's, by purchasing businesses that had their costs in mark, but earned in dollars. That got me thinking whether it could be a good idea to invest in dividend-paying companies that are in a comparable situation as the ones Hugo invested in back in the day.

David tells me that my thinking is correct, but picking the right companies won't be easy.

For your own good, understand that this is a private discussion between two people who have nothing to do with you, and have a very different risk appetite, which is very likely to be much higher than yours. This conversation is general and impersonal in nature and will not take any specific person’s situation in mind. Neither me nor the guest are engaged in the business of providing financial nor investment advice. If I were to be engaged in it, I’ll probably go broke, because I am the furthest thing from a financial advisor you’ll ever meet, as I just recently started investing, I live with my parents, and continually lose money in the stock market. Following me in any shape or form will likely result in you losing money as well. Please only take decisions on your own, after completing your own research and building your own conviction. I’m not saying this to cover my ass. I sincerely think you shouldn’t listen to talking heads on the internet, as the majority of us have no idea what we’re talking about. Especially me.

TIMESTAMPS:
00:00 Intro
00:40 Should I buy dividend stocks?
05:40 How should I diversify my precious metals portfolio?
07:30 Will gold & silver producers get hit by inflation?
09:50 How to pick the right stocks to buy?
11:15 Closing thoughts

Видео Gold & Silver Still Worth Holding? канала Resource Talks