On this week’s Real Money Show Darren V Long and Jeremy Wiseman talk all about reasons Analysts love Gold! They discuss the fact that Gold has been viewed as money for thousands of years and how it has remained a store of value. Jeremy discusses further the timelessness of gold as a store of value throughout many different decades.
Jeremy Wiseman also elaborates on why gold has no counterparty risk, unlike other more traditional assets and the fat that gold cannot go bankrupt or broke. In addition to this both Darren and Jeremy also discuss the ways in which gold and silver are considered to be liquid and why they each be among the world’s most liquids assets, making them easy to hold and sell.
Jeremy also discusses how easy gold is to store and what the costs are of a Guildhall storage account while Darren reiterates easy ways to take it and store it at home as well as the carrying costs in a depository account with Guildhall. Darren also discusses allocated financing and the ways in which those who qualify can use up to 80% financing on their precious metals purchase.
Finally both Jeremy Wiseman and Darren V Long discuss gold’s track record against stocks and how gold has been a positive performer throughout the last number of decades stemming back to the 1970’s with little to no periods of loss against major moments as defined in history such as “Black Monday” in 1987, the “LTCM” crisis of 1998, previous recessions of 2001 and the Global “Financial Crisis” of 2008/2009. Coupled with a diamond gold and silver make for an extraordinary package of hard assets with long term value.