How to sell GOLD and Buy GOLD? — Transcript

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1. 0:00you're looking at 3 Kg of gold that a
2. 0:02customer actually ordered all right
3. 0:04we're not too crazy about selling gold
4. 0:05bars because there's no markup there but
5. 0:07I service people because they watch the
6. 0:09videos and they want to buy so let's say
7. 0:11this individual spent about $40,000 a
8. 0:13kilo at today's market price let's say
9. 0:16the price goes down to 38,000 which is
10. 0:18what I'm hoping happens because that's
11. 0:19indicative of a better economy so you
12. 0:22could lose $2,000 a kilo over the course
13. 0:26of the next 3 years but if you're in a
14. 0:29business you're going to be able to get
15. 0:30your money outside in the actual economy
16. 0:33so if gold goes down the economy goes up
17. 0:36so if you paint houses you're going to
18. 0:37be able to paint more houses and charge
19. 0:39more money it's a better economy if you
20. 0:40sell cars you're going to be able to
21. 0:42sell more cars so even if you lose on
22. 0:43the gold you'll be able to win outside
23. 0:46however if outside collapses then these
24. 0:48kilos are going to be worth $45,000 a
25. 0:51piece $50,000 a piece depending on how
26. 0:53severe the economy goes bad so you
27. 0:55protect it with gold against inflation
28. 0:58and a bad economy
29. 1:00hey I appreciate you watching that video
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33. 1:07the Diamond District in New York City
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35. 1:13[Music]