Why Investing in Silver Could Protect Your Wealth
Description
In this episode, Rob talks about the world of silver investment, including why this ancient form of currency might be the future of money. Rob explores the historical significance of silver, its relationship with inflation, and why billionaires are currently liquidating their assets. With banking crises looming and global economic uncertainty rising, Rob shares insider knowledge about protecting wealth through precious metals, so whether you are interested in investing in silver or just want to learn more about protecting your assets, this is one for you!
KEY TAKEAWAYS
- Silver was historically the first metal used for coins, and modern inflation originated from people mixing copper with silver to debase its value, showing how inflation is not a natural phenomenon but a form of theft.
- Silver has significant industrial utility with 50% used in manufacturing, particularly in batteries and electronics, making it potentially more valuable than gold as electric vehicles and technology advance.
- During financial crises, precious metals typically surge in value as people lose faith in traditional currency - silver nearly doubled during the 2008 crash while most assets dropped 30%.
- Billionaires like Michael Lewis (The Big Short) and major players like Warren Buffett are currently liquidating assets, potentially signaling an impending global financial crisis.
- Traditional banking operates on a fractional reserve system where banks only hold 10% of deposits, making them vulnerable to bank runs and highlighting the importance of holding physical assets.
- Storage of physical silver can be more secure than keeping money in banks, as banks can freeze accounts and lend out 90% of deposits, while physical silver remains under your direct control.
BEST MOMENTS
"Paper is only worth anything, because it's worth nothing by the way, and even the polymer notes are worth nothing, it's only worth something if we trust it."
"Anyone who really knows money invests a decent amount of their net worth in silver and gold and hopes it never goes up... because the only time that goes up is when the world is in the toilet."
"If you borrow a million pounds from the bank, you have the problem. If you borrow a hundred million pounds from the bank, the bank has the problem."
"Savings are degradings. Because savings go down, inflation is higher than interest historically. Even when interest is high, the banks don't give you it all."
VALUABLE RESOURCES
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ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
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