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The Gold Collar Investor

151 EpisodesProduced by Pancham GuptaWebsite

If you want to learn how to diversify outside of the wall-street, this show is for you. If you are a high paid professional (ex: doctor, lawyer, engineer, programmer, banker, accountant, etc) and making six figures i.e 100k or more in your job or business, this show is for you. This show will help … read more

33:03

TGCI 144: Gold/Silver, what happened since the pandemic started?

In today’s show, Pancham interviews Dana Samuelson - President of the American Gold Exchange, Inc.

The COVID-19 pandemic has been continuously affecting our lives one way or another - like how the demand for precious metals has boomed over the last year. Even with his 41 years of service and being in the precious metals market, he has never seen this demand for gold and silver rise like ever before and he will unpack it all in today’s episode! 

Dana is back on the show to share the current state of the market and in the precious metal industry. This episode will surely enlighten you as he provides insights on inflation and how it will potentially affect the future.

Listen and enjoy the show!

 

Quote:

“Most people would think that the price of gold is going up. But really, the price of gold is staying the same but the value of the dollar is going down against it.”

Timestamped Shownotes:

  • 0:49 - Pancham welcomes Dana back to the show
  • 3:36 - Starting the America Gold Exchange and its 41 years of success
  • 5:23 - Why the precious metals industry is thriving in the pandemic
  • 10:39 - The aftereffect of high demand in gold and silver investing
  • 16:15 - How the economy is moving towards stagflation
  • 20:30 - On measuring wealth through productivity units than the dollars
  • 23:10 - How precious metals haven't changed in value (and why wages contributes to inflation)
  • 25:31 - His forecast on what to expect in tax changes
  • 27:39 - On what to expect next in the precious metals market
  • 30:15 - Dana's contact information

3 Key Points:

  1. The demand for precious metals has grown as this is where people invest whenever there is economic trouble - such as this pandemic. Negative real yields and their fear of the unknown are also other reasons why the demand has grown.
  2. Delayed physical delivery has occurred due to growing demand but limited production systems, and prioritizing in-demand metals.
  3. Inflation is expected to happen due to the impact of the COVID-19 pandemic.

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